Don't Mine Bitcoin!

By bayu
Jakarta, Indonesia
February 4, 2016 6:22pm CST
One of the most popular advice to earn bitcoin that people will say to you is that you have to mine to get a lot of bitcoins.Yep, before 2012, this advice WAS right. On that time, bitcoin hasn't be too epic and you can mine bitcoin even with your computer and you can still get a good result. But now, the story has changed.Before you continue this, you have to know about bitcoin mining. In order to mine bitcoin, you need a machine that will mine the bitcoin for you. The amounts of bitcoin thatyou can earn is depending to the power of your machine. Beside that, the second thing that you have to consider is "the difficulty of the bitcoin". To earn bitcoin, your machine need to solve some algorithms generated. By time, the difficulty ofthe algorithm is increased. So there will be a time that an algorithm will be generated but even the strongest mining machine can't solve it.Nowadays, bitcoin is going to be a trend. And of course, the amounts of people that want to earn bitcoin are increased drastically. Many of them that have enough money earn bitcoin with buy them. But, there are also many people that want to buy a mining machine withsome hopes that it will get break even. But, you know, bitcoin was created for years ago. And imagine how many bitcoins had been mined on that time. The remaining bitcoins have very difficult algorithm to solve. So, even the strong machine will have a hard time to solve it, isn't it? This is not going to scare you, but I just want to warn you that the mining technique to earn bitcoin is not as legit as you imagine. If you want to share your thoughts, just comment it below!
2 people like this
3 responses
@AkoPinay (11542)
• Philippines
12 Mar 16
I haven't tried mining but I earned good amount of Bitcoin thru blogging
@trivia79 (7828)
• El Segundo, California
9 Feb 16
bitcoin is going to be obsolete soon
@sk2076 (15)
• Australia
5 Feb 16
That is a very useful advice - thank you! I have actually been looking into this new type of bitcoin that has a different way of mining that it is like a pedometer so you earn money with steps so I wonder if that is a better/safer new technique..