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Why You Should Be Cautious Of Bitcoin Mining
As Bitcoin’s value rises, people are considering Bitcoin mining, as opposed to buying the virtual currency, however, there are numerous mining scams. It is challenging to find a legitimate operation that isn’t a Ponzi scam. While you can mine Bitcoins yourself, it usually is not feasible. You will need loud Bitcoin-specific ASIC machines and access to very expensive electricity. Today, most Bitcoin investors buy shares in mining organizations and let someone else worry about purchasing and running the equipment.
Why You Should Be Cautious Of Bitcoin Mining
As Bitcoin’s value rises, people are considering Bitcoin mining, as opposed to buying the virtual currency, however, there are numerous mining scams. It is challenging to find a legitimate operation that isn’t a Ponzi scam. While you can mine Bitcoins yourself, it usually is not feasible. You will need loud Bitcoin-specific ASIC machines and access to very expensive electricity. Today, most Bitcoin investors buy shares in mining organizations and let someone else worry about purchasing and running the equipment.