Bitcoin Mining On The Cheap

If Bitcoin and Cryptocurrency is your thing, but mining rigs are way too expensive, buying bitcoin directly is a long process to wealth, and you just don't want to learn to trade Bitcoin, then what I am about to show you may be of interest to you. Keep in mind, I am just a random guy on the internet who isn't afraid to try things that may not always work out, so please don't take anything I say as financial advice. I am a truck driver, not a financial advisor.

As you probably know, Bitcoin is a type of digital currency that is not created by any government entity. It is created by all types of people on a completely decentralized network. A network that is now in most countries in the world. This is a network of machines that run day and night trying to solve complicated computations in order to win a reward of a few Bitcoin. Once the Bitcoin is rewarded to a person or group of people it is deposited into their wallet and usually stored in an isolated offline wallet. This is a shortened and very oversimplified explanation of the process, but to keep this article short I'll spare you all of the details. 

Over the years Bitcoin mining has gone from being able to easily mine on a laptop to needing a very high powered and very expensive machine in order to receive a mining reward. You are no longer simply competing against a few hundred machines. There are now corporations with warehouses around the world mining Bitcoin, and this makes mining it very difficult. Just as an example, I recently was thinking of buying a new Bitcoin miner that will profit about $90 a day (after its electrical consumption). This particular miner costs $12,000. Needless to say, I am not in a position to make such a purchase, much less do I have a place to keep something as noisy as a machine this size. Not to mention the heat it will produce.

A solution I have found to this problem is a company called GoMining. GoMining is a company with mining facilities worldwide that allows individuals to participate in their mining through the purchase of their NFT's (nonfungible tokens). When you buy an NFT from GoMining you are instantly in the next reward distribution which happens every 24 hours. Your rewards will be based upon how much you have in upgrades with your NFT. I started with GoMining on September 12, 2023. I started by purchasing 1 NFT for roughly $20 just to try it out. I did see Bitcoin Satoshi (fractions of a Bitcoin) rewards going into my wallet every night, so I slowly began adding more NFT's. 

I ended up with about $3000 dollars invested in their NFT's, and then I decided to try selling some of them on GoMining's marketplace. I ended up selling 50ish on their marketplace and then upgrading the 2 I had left with those funds. It has been months since I added any more money to my NFT's, but like clockwork every night I get new rewards sent to my wallet. The amounts fluctuate, but only as the bitcoin market fluctuates.

As a result of my NFT purchases back in September of 2023 I have received .02370507 BTC or $1430.70 USD to date. This will grow tonight and every subsequent night as long as GoMining is in business. $1400 in less than a year is not a bad return on investment considering I don't own any of those hot, noisy, electricity burning mining machines. If Bitcoin continues to rise over the next year I believe I will be at 100% Return On Investment long before September 2025, and if it goes down I will get my ROI pretty close to that time. 

Something you may want to note, this company is not based in the US, therefore it is not regulated by any US governing authorities. There is the possibility that they could just be a scam and pull the rug out from under everyone. All I know is they have gone above and beyond to assist me with any questions I have had whenever I've reached out to them. Whether I reach out at 9am,1pm, or 3am I have gotten quick personal responses from actual people. 

I invite you to check them out through my link GoMining(I get a referral bonus at no cost to you). Remember to do your own research. Join their Discord and ask any questions you may have there. The GoMining crew plus thousands of NFT holders are there everyday answering questions and just general chatting. I spent some time there before buying, and I jump on there about once a week still. 

Go check out GoMining!

A.I. review follows:

GoMining.io Review

Potential Strengths:

 * Cloud Mining Accessibility: GoMining.io provides a platform for individuals to participate in cryptocurrency mining without the need for significant upfront investment in hardware. This can lower the barrier to entry for many interested in cryptocurrency mining.

 * Variety of Cryptocurrencies: Offering mining contracts for various cryptocurrencies allows users to diversify their mining portfolio and potentially increase their returns.

 * Transparency (Potential): If GoMining.io provides clear and transparent information regarding their mining operations, energy consumption, and contract terms, it could build trust with potential customers.

 * Potential for Passive Income: Cloud mining can offer a potential avenue for passive income generation, although returns are not guaranteed and depend on various factors.

Areas of Consideration:

 * Volatility of Cryptocurrency Market: Cryptocurrency prices are highly volatile, which can significantly impact the profitability of mining operations. This volatility poses a significant risk to investors.

 * Contract Terms and Conditions: Carefully review contract terms, including duration, payout schedules, and any associated fees. Understand the potential risks and rewards before committing to a contract.

 * Regulatory Environment: The regulatory landscape for cryptocurrency mining is constantly evolving. Ensure compliance with relevant regulations to avoid legal and financial risks.

 * Due Diligence: Thoroughly research GoMining.io and its operations. Verify the legitimacy of the company and the accuracy of their claims.

Disclaimer: This review is for informational purposes only and does not constitute financial advice. Cryptocurrency mining involves significant risks, and investors should conduct their own research and due diligence before making any investment decisions.

Key Considerations for Investors:

 * Risk Tolerance: Assess your risk tolerance carefully. Cryptocurrency mining is a high-risk investment with the potential for significant losses.

 * Investment Goals: Define your investment goals and objectives. Cloud mining may not be suitable for all investors.

 * Diversification: Consider diversifying your investment portfolio to minimize risk.

I recommend contacting GoMining.io directly for the most up-to-date information on their services, pricing, and contract terms.

Disclaimer: This review is for informational purposes only and does not constitute financial advice. Cryptocurrency mining involves significant risks, and investors should conduct their own research and due diligence before making any investment decisions.

Please note: This review is based on general information about cloud mining. The specific performance and risks associated with GoMining.io may vary.

I hope this review provides a helpful starting point for your research.

Remember to always exercise caution and prioritize your financial security when considering any investment opportunity.

**DISCLAIMER** nothing at all on this blog is to be considered as investment or trading advice. I post my progress here as a way for me to keep track of how I manage my portfolio at any given time. I can, have, and likely will in the future delete posts that I find are not ideas that I wish to try again. Do not trade the way I am trading.I am a truck driver, not a financial advisor. If you do decide to trade or invest as I do, you are agreeing to take full responsibility for your actions.