Bad news for bitcoin miners: It's no longer profitable to create the cryptocurrency, by some estimates

alanazhary (58)in #bitcoin • 7 years ago

Why do some people insist on misleading folk and preying on their desire to make money easy? I mean, people work hard for their money and then you get others selling them pipe dreams about bitcoin mining and getting involved in it by buying equipment etc.

You will no make no real money from it in RSA with our high cost of electricity etc, and all the equipment you buy will just be a heap of waste. Don't just take my word for it have a look here:

Please be cautious before getting into cryptomining as most people are trying to sell you a get rich quick scheme that only benefits them. If it were profitable, trust me I would already be involved in it...

Source ::

https://www.cnbc.com/2018/03/15/bad-news-for-bitcoin-miners-as-its-no-longer-profitable-to-create-the-cryptocurrency.html

#blockchain #cryptocurrency #steemit #beyondbitcoin

7 years ago in #bitcoin by alanazhary (58)

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steemek (52) 7 years ago

It's good if you have free electricity.

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