orbit_degenNewbie
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#1Oct 21, 2018, 12:24 PM
Anyone got a clue about mining without hardware? I want to hear more about it.
Is Mining Possible Without Hardware?
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chrisomegaFull Member
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#2Oct 21, 2018, 05:57 PM
Mining without hardware? No way that's legit.
orbit_degenNewbie
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#3Oct 21, 2018, 06:17 PM
Yeah, anyone saying you can mine Bitcoin without hardware is just scamming you. Cloud mining services claiming to sell you mining power? Total scam too.
But what about people who can't afford hardware? I found this NiceCash thing, any thoughts?
orbit_degenNewbie
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#5Oct 22, 2018, 04:13 AM
What exactly do you want? You can’t mine Bitcoin without hardware. And you definitely need software to manage mining. Both are key.
What's the cheapest mining hardware out there?
orbit_degenNewbie
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#7Oct 23, 2018, 12:40 AM
There are some legit places to buy hashrate, like Nicehash and MiningRigRentals. But Binance Cloud Mining is out of stock. Just remember, buying hashrate doesn't guarantee profit because of maintenance and electric fees.
quantumrocketNewbie
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#8Oct 23, 2018, 01:48 AM
Got it.
atlas_orbitMember
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#9Oct 23, 2018, 02:22 AM
Nicehash or MRR can work if you don’t want to deal with hardware. But prices can be steep. If I were you, I’d just buy coins directly instead of messing with mining.
CalmFalconMember
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#10Oct 23, 2018, 08:02 AM
Seriously, if you're not using hardware, you can't make anything from mining. It's basic logic.
Exactly. You can't expect to profit without investing in tools or resources. It’s unrealistic to mine without spending anything.
orbit_degenNewbie
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#12Oct 23, 2018, 02:23 PM
I got scammed by cloud mining before. It’s basically a Ponzi scheme, no real hardware involved. If anyone tells you otherwise, don’t believe them. I lost money on these so-called platforms.
orbit_degenNewbie
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#13Oct 23, 2018, 05:52 PM
I hear you.
Could you explain dollar-cost averaging?
Honestly, I can't imagine mining without hardware. You need a solid setup, like a good computer and internet. Most online mining companies are scams.
So many scammers in mining. To really know if a mining company is profitable, you gotta check their finances. Scammers usually show more profit than real miners.
Nicehash is decent for renting. A lot of folks use it, but it feels like gambling.
There's actually a video out there about mining Bitcoin with just pencil and paper, for educational purposes.
quantumrocketNewbie
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#19Oct 25, 2018, 04:04 PM
Is solo mining even worth it now? I haven’t tried it, feels like it could be seasonal.
It's your call on how much risk you can handle. Solo mining is tough right now, but thinking long-term, block rewards will drop and difficulty will rise.