Profitability

Should I have my own mining gears or should I mine using VPS?

depends on your experience, but I don't know if mining pays off by having your own. I'd go with a VPS, but bitcoin is in the tank of late so maybe wait and see what happens in the future.

Mining really isn't all that profitable anymore. I'd stay away from it if you could.
The only way you could make money off of it is through cloudmining an alternate coin or mining an alternate coin yourself in the hopes that whatever coin you are mining will one day increase in value.

It's not really worth-it anymore.

21-12-2018, 12:28 AM

NoodleCat Wrote: Mining really isn't all that profitable anymore. I'd stay away from it if you could.
The only way you could make money off of it is through cloudmining an alternate coin or mining an alternate coin yourself in the hopes that whatever coin you are mining will one day increase in value.

It's not really worth-it anymore.

But even in cloud mining its iffy. Not sure if profitable as most cloud mining would be scams just to break even for your "investment". maybe trading is better to make profits. Or heck, just be on this forum and get some tricks of the trade and learn some SEO or drop shipping

21-12-2018, 01:14 AM

superandy Wrote: But even in cloud mining its iffy. Not sure if profitable as most cloud mining would be scams just to break even for your "investment". maybe trading is better to make profits. Or heck, just be on this forum and get some tricks of the trade and learn some SEO or drop shipping

Trading is easily the best way to make profits with crypto right now. You are totally right about Cloudmining only being able to break even in most regards, but there are websites where you can rent out mining rigs to mine whatever coin you want them to. If you pick the right coin and hold it for a while, there is a chance to make some profit.

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Mining is too difficult and it is so expensive if you purchase own gear then you have to pay huge amount of electricity bill and if you purchase vps then it will cost you alot think anything else if you have money to invest

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Mining isn't really profitable and i'm pretty sure you might break your computer.
Better just work a normal job instead

I think you should go with cloud mining. For example genesis mining.