Bitcoin mining is expensive, loud, hot, and requires a bunch of work. Fraction Mining takes all of that and makes the process 100% hands-off and fully passive. Not only that, but they also make it profitable because they share the majority of the rewards with NFT holders. So if you are looking for the cheapest and easiest way to get into Bitcoin mining, watch this video.▼▼
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34 Comments
First!
First here🥳🥳🥳
How much will cost to start up mining?
3rd
interesting!
I've been following this project since Alex started talking about it. I'm getting in today. Very excited for this project.
There is literally a guy who scammed his YouTube followers to make millions by creating a token called fluffy coin.
And he's still making videos
I personally am thinking about making a token for only because my NFC road map promises to build a blockchain which is definitely going to be one of my main goals there's three of them getting a product on the shelves to establish our brand selling our nft collection and building the blockchain but I also had the thought that it might make sense to go ahead and just make a token so that it'll be worth something by the time a lot of this stuff is done so people who bought in early on might make some money I'm still working out the mechanics
Wow, this is absolutely dog shit. ROI is awful, and ATH lasts a day and then drops off a cliff. You're pushing this because you've been paid to and not looking at it objectively for your followers.
I don't know man I hear subscription service and I hear paid rewards which is cool but damn the IRS is lonely this is going to be one of them that's probably going to end up being out of it like a mother
This is HUGE! Super pumped to have you as a partner of Fraction Mining!
Not your electricy, not your miner.
If these companies get in financial trouble you have no recourse.
Why is this so convoluted… Why not just charge $300 instead of having to buy the NFT?
how do I buy the NFT? I have a membership NFT but not the $300 one for mining
👆 – FIND LOVE ON THE NEW DATING SITE 💑🔥c❤
Pros:
uses flared gas
Low cost upfront
No heat & noise
Cons:
Not your miner not your coin
You have no control
Most mining operations fail
You have no physical asset to sell
Awesome and HUGE!!!! I’m IN🤘🏻🤘🏻thanks for all you all do for our community 😎🚀XRP 🚀
Hmmmmm this has peaked my interest!
Not your rig not your crypto 🫠
i let an old laptop that needs around 20watts run 24/7 to watch streams and getting paid for it and this does 80 cents per day too^^
aw damit now i put the investment money in yieldnodes instead of this gem T_T
Lol if you wear around in cloud mining between 2016- 2017 , you would know 🌚
So how will you receive payoutsfor being an nft holder? In bitcoin? Cash?
FYI gang, I got the NFT profitability calculation pretty wrong. My understanding was that the costs to run the machines was already factored in those rewards before giving the 10Th per NFT figure. They are NOT. To do that calculation properly, you'd need to account for those costs. Here is a calculator with those value entered into it:
https://whattomine.com/coins/1-btc-sha-256?hr=10&p=280&fee=1&cost=0.06&cost_currency=USD&hcost=300.0&span_br=1h&span_d=&commit=Calculate
The power rate in that calculation is a bit higher than their actual rate, but maybe best to use a higher one just to be safe.
This calculation changes the break-even time considerable at today's BTC price, however it's still miles ahead of buying the hardware and setting it up yourself. Those break-even times are even longer.
So if you have a longer-term view of the price of Bitcoin, this project makes a lot of sense. If you want to break-even ASAP and get big returns now, it doesn't.
This doesn't change my perspective though. I am still buying in and excited about it. Sorry everyone for the mixup and misunderstanding. I am not trying to mislead!
I realize it's a small cost, but can you buy the $300 NFT before you pay for a membership? Otherwise one could buy the membership and the NFTs would sell out before acquiring one.
The halving is in 2024. Assuming the price will still be the same we will be getting half of the rewards?
Great video, as always! Really looking forward to joining this project, seems promising!!
I would strongly suggest people consider all the risks before jumping into something like this. You're basically funding someone else's bitcoin mining operation where you take all the risk and the team takes none. Plus Andy is likely getting $$ to get you to sign up, which I don't think he mentioned, so that's likely the reason for the hard sales pitch. Maybe I'm wrong, but that's just my take.
It doesn't make sense to calculate the NFT profitability without putting the pro rated electricity cost and pool fees
Admin nightmare in trusting them to properly account, manage and distribute. Why do they need your $$? Just mine it. Also distributions squeeze the margins. Instead of 10 nfts just buy a t bill yielding over 4 or I bond at 7. No stress
Hey Andy, loving the project this is the second Bitcoin mining project i wish i had the capital to invest in.
This is fantastic for you guys. Shit coiners are going to give you their everything because they are stupid. I'm serious. Good for you guys.
Been there with genesis mining, there will be a day where the reward cannot pay for the electricity and maintenance cost, and they closed my mining rig