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3 sats \ 4 replies \ @SkyLords 10 Sep -30 sats \ on: Prepay for 14 days of Ocean hashrate that pays out straight to your own address? bitcoin_Mining

I would choose “NO, DON'T TRUST CLOUD MINING.” I understand why this model is more transparent than many cloud mining services, but I have never really liked the idea of paying someone else in advance for hashrate. For me, mining is much more interesting when I can actually run the hardware myself and know exactly what I am dealing with.

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3 sats \ 3 replies \ @Yifp9SMue5pSx8XdGYRl OP 10 Sep

Fair enough, the only downside to mining directly is the up front cost of the ASICs

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3 sats \ 2 replies \ @SkyLords 10 Sep -30 sats

You are right, ASICs are expensive. But personally, I would rather put the money I would spend on cloud mining toward buying an ASIC and paying the electricity costs. According to my own calculations, the hardware can pay for itself in a reasonable time, although electricity prices and ASIC costs vary a lot by country. ASICs are expensive in Türkiye too, but I tried cloud mining with a few dollars around ten years ago, and that experience made me very cautious because there are so many scams in that space.