risks involved in Bitcoin mining

bravo
Posts: 98
Joined: Thu Apr 06, 2017 10:35 am

risks involved in Bitcoin mining

Mon Jul 31, 2017 8:55 am

Which kind of risks involved in Bitcoin mining?
giles
Posts: 137
Joined: Tue Apr 25, 2017 5:36 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:15 am

Do you think things are quite changing with mining? A large number of investors are engaged in mining and we are enjoying the benefit of circulating coins.
gerrard
Posts: 144
Joined: Thu Apr 06, 2017 8:51 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:16 am

I am not satisfied with Bitcoin mining, it’s not fair to mine all coins.
gareth
Posts: 138
Joined: Thu Apr 06, 2017 10:50 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:16 am

Mining is a platform where everybody is engaged in digging, without knowing that another one is real or scam.
gareth
Posts: 138
Joined: Thu Apr 06, 2017 10:50 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:20 am

Bitcoin mining is not that much easy, Its too volatile.
gareth
Posts: 138
Joined: Thu Apr 06, 2017 10:50 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:20 am

I have no issue with mining, why do you have?
gutsysmug
Posts: 87
Joined: Wed Apr 26, 2017 8:42 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:21 am

;) What’s new dude?
hipcolumn
Posts: 221
Joined: Wed Apr 26, 2017 8:49 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:22 am

Actually, it’s totally up to you. If you have the height phobia then don’t dream skydiving. Same case with the mining.
hellGrinder
Posts: 213
Joined: Wed May 03, 2017 7:45 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:23 am

Are you nuts? I didn’t face any issue in mining. I join the mining pool first in 2014, now I have the facility to join cloud mining. That’s not too much expensive for me.
howard
Posts: 150
Joined: Fri Apr 07, 2017 6:03 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:23 am

Do you have an idea how can you determine the new blocks? Is there any possibility to mine a coin without the use of electricity? Or just have the option to move China for mining purpose.
hendo
Posts: 173
Joined: Thu Apr 06, 2017 10:48 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:24 am

A lot of electricity involved in mining.
Hart
Posts: 138
Joined: Sat Apr 08, 2017 8:33 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:25 am

It’s completely untraceable, means I do mining and mine 1 Bitcoin. And scams steal my coin and disappear. How can I trace him?
harry
Posts: 143
Joined: Tue Aug 22, 2017 12:19 pm

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:25 am

I think risk word is only in our mind, we already face a lot of risks. Life risk, money risk, food shortage risk, robbery risk and much more. This is the most important risk.
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jack
Posts: 102
Joined: Tue Aug 22, 2017 12:46 pm

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:26 am

There no risk, in fact, I am enjoying mining.
kevin
Posts: 147
Joined: Thu Apr 06, 2017 8:09 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:27 am

Low inflation and low collapse is the major risk in Bitcoin mining.
Kennedy
Posts: 149
Joined: Fri Apr 07, 2017 12:55 pm

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:28 am

You have the possibility to lose your wallet, and if Bitcoin fails at any point you will also because there is no bank to hold it or operate it.
katie
Posts: 121
Joined: Tue Aug 22, 2017 12:49 pm

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:29 am

Yes, there are few risk regarding mining, there is no safety mechanism, we really don’t have the idea who is legal back-up of the Bitcoin even we don’t know who is the creator of this worldwide
karim
Posts: 234
Joined: Wed Apr 19, 2017 7:31 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:30 am

I didn’t face any difficulty in mining till. So, I don’t think there is any issue regarding Bitcoin mining.
katharine
Posts: 133
Joined: Tue Aug 22, 2017 12:47 pm

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:31 am

Bitcoin mining includes the risk of high volatility, government regulations and most importantly competition with other cryptocurrencies. No doubt it is the first and foremost coin with the high price, but in the end, it also has competition.
lahm
Posts: 243
Joined: Wed Apr 19, 2017 7:28 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:32 am

I love mining, its digging and digging and digging and so on…. after an adventures ride, you will get a coin of hundred thousand’s worth.
leo1
Posts: 135
Joined: Wed Apr 19, 2017 7:16 am

Re: risks involved in Bitcoin mining

Tue Sep 05, 2017 7:33 am

Wastage of electricity as well as capacity. I am not interested in Bitcoin mining.
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