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HOW TO MAKE BITCOIN MINING PROFITABLE

Flex

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At the current state of mining. Impossibru
 

Error

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0 iTrader, too good to be true claims, and creating hype...

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
 

Flex

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0 iTrader, too good to be true claims, and creating hype...

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
But Reseller and VIP so must be true
 

Error

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So basically;
power on your mining rigs that run at a loss
take those crypto returns that have cost you more than they're worth, and inject and store them into and on an exchange
that is supposedly linked to Forex
with no statistical or historical evidence of returns, and no guarantee
which is bot controlled

I'm not taking a stab at you Bitmart Bitmart , but what the heck is this drivel? (& nothing personal Adele, but this is crap advice on so many levels)

In my mind; tantamount to propagating a ponzi scheme.
 

Flex

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Bitmart Bitmart care to elaborate and answer some of the points mentioned above? Very curious to see what you have to say. Maybe something we are not aware of?
 

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Just mine and hodl coins in cold storage. What I am doing currently.
 

Flex

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Just mine and hodl coins in cold storage. What I am doing currently.
Think most miners are doing that yeah. And hoping that it becomes profitable again. but there is no way that it is currently profitable though
 

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Think most miners are doing that yeah. And hoping that it becomes profitable again. but there is no way that it is currently profitable though
Depends what you're mining. But yes, there are a few coins that ARE profitable to mine right now. But it's not much. So better to mine and hodl and wait for bull run.
 

Bitmart

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Dear Error, Flex and Kuga,

We can assure you that this is not a ponzi scheme. Bit4x.io is a South African Registered company operating as a Juristic Rep under supervision of Iron FX which is a regulated Broker in 6 Countries world wide. There is no third tier referral levels only Introducing brokers pretty much like your local broker that sell you short term insurance through an under writer. Your money stays in your account with the broker of your choice and you are in control of withdraws and deposits - you can withdraw your profits that Bit4x banks in your account along with capital at any time. I will post you a FXBooks proof, as you can see Bit4x have been running for five months on FxBooks on a real account. Fx Books is an industry independent forex account auditing platform that cannot be manipulated. There is no way to change the stats on FXBooks. The Idea is to quantify your earnings to such an extent that if you keep adding to the account plus you compound the growth in your Forex account the compounded effect becomes really big.

Hope you have a good day and if you want to do your own research take a look at the site on Bit4x.io the stats dont lie. We know how many people has fallen victum to ponzis and scamms like BTC Global and other related scammers taking peoples money and promising high returns. With Bit4x you NEVER give your money to Bit4x you simply deposit it into your OWN broker account then instruct the Broker via a POA to copy the Bit4x trades to your account. They also work on the Hedgefund basis High Water Mark profit share model which means if there is no profit there is no commission for Bit4x and if it does happen that in the rare case that a negative amount is ever banked is MUST first be rocovered before Bit4x is entiteled to any profit share - this keeps you the client super protected and reckless trading on Bit4x side means no income which is then of course in both parties best interest.

Our Mission and aim as a reputable company in the industry is to build a positive Crypto experience for everyone and attempt to help the progress of Crypto Currencies and Mining in South Africa and Abroad.
 

Flex

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Dear Error, Flex and Kuga,

We can assure you that this is not a ponzi scheme. Bit4x.io is a South African Registered company operating as a Juristic Rep under supervision of Iron FX which is a regulated Broker in 6 Countries world wide. There is no third tier referral levels only Introducing brokers pretty much like your local broker that sell you short term insurance through an under writer. Your money stays in your account with the broker of your choice and you are in control of withdraws and deposits - you can withdraw your profits that Bit4x banks in your account along with capital at any time. I will post you a FXBooks proof, as you can see Bit4x have been running for five months on FxBooks on a real account. Fx Books is an industry independent forex account auditing platform that cannot be manipulated. There is no way to change the stats on FXBooks. The Idea is to quantify your earnings to such an extent that if you keep adding to the account plus you compound the growth in your Forex account the compounded effect becomes really big.

Hope you have a good day and if you want to do your own research take a look at the site on Bit4x.io the stats dont lie. We know how many people has fallen victum to ponzis and scamms like BTC Global and other related scammers taking peoples money and promising high returns. With Bit4x you NEVER give your money to Bit4x you simply deposit it into your OWN broker account then instruct the Broker via a POA to copy the Bit4x trades to your account. They also work on the Hedgefund basis High Water Mark profit share model which means if there is no profit there is no commission for Bit4x and if it does happen that in the rare case that a negative amount is ever banked is MUST first be rocovered before Bit4x is entiteled to any profit share - this keeps you the client super protected and reckless trading on Bit4x side means no income which is then of course in both parties best interest.

Our Mission and aim as a reputable company in the industry is to build a positive Crypto experience for everyone and attempt to help the progress of Crypto Currencies and Mining in South Africa and Abroad.
A non copy pasted message might be the best way to interact with "customers" imho. You just explained what a crypto exchange is what all of us very well aware of.
I never insinuated that you are a ponzi or a scam. Just wanted some clarity on why you say we can make bitcoin mining profitable in the current climate and wanted some clarity.
 

Flex

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This is my understanding: Bit4x is an automated forex trading bot, that plays with your money. If they make anything, they take 20%. If they lose money, well that is your problem. What could go wrong?
Oh so has more to do with trading than mining then
 

Error

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Bitmart Bitmart thanks for taking the time to respond, that was more informative and assuring than the article.

I still believe it is ineptly titled, which is annoying and most likely not the way to win those in the know over. Playing devil's advocate; maybe you do actually know who your target market is then.
 

Bitmart

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Unfortunately there are many people who had to switch off their miners who spent a lot of money on it and some of those have not ROI'd yet. This article provides an option for those who are hodling their cryptos to actually turn it into profits by means of forex whilst we are still in a bearish market.
 

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The only way to make money with a miner is to water cool it and dump the heat into a geyser pre-heat tank. That way you heat up the water that would've been heated up by the element in the geyser anyway, so you're not adding much more power into the system. Of course if you're going that far you may as well also hook up a solar panel and reduce your consumption further without even using your miner.

The Sunk Cost Fallacy makes people do stupid things sometimes, but I don't think most people here will fall for that. I could be wrong about the whole thing, but why not just buy crypto on an exchange instead of mining when it's cheaper per coin that way?
 
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