The truth of the matter is:
Bitcoin mining has become from a bunch of early aficionados into a cabin industry, into a specific modern dimension adventure. The pain free income was scooped out quite a while back and what remains is covered under what might be compared to huge amounts of hard shake.
Just those with specific, powerful equipments can gainfully extricate bitcoins these days. While mining is still in fact feasible for anybody, those with underpowered setups will discover more cash is spent on power than is produced through mining.
At the end of the day, mining won't be gainful at a little scale except if you approach free or extremely cheap electriciy.
Topic: Are Mining Still Profit? (Read 19150 times)
Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
You will not see not even a x2 on current prices for this year. Where do you get your info from??? From Lola the Witch??
Come on, stop spreading this lies. This market is just dying. Imagine, yesterday, almost all bloggers were saying that BTC is super bullish right now. 5% drop today. Come on................
I was right. Google can find anything today.
March 02, 2019, 03:18:08 PM
And that's true. That's why I have sold all of my mining rig last year. It's not worth to mining with the current difficulty. As a small miners and we will be the party that gets very big impact caused by the bearish market.Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
March 02, 2019, 03:18:08 PM
Buy is much better rather than mining but I would like to use staking or masternode instead mining the crypto directly.
Why people are still doing if it's not profitable. But I'm afraid to get into this business because of electricity charges.
a really risky job. I would like to do mining and I will ask help my friends for this
This is only beneficial if there is free electricity.a really risky job. I would like to do mining and I will ask help my friends for this
That is not always the case though. Cheap electricity is important of course, but if you can get into mining a fresh new coin at an early stage before the difficulty rises to much then you can make lots of money.
on some low cap shitcoins a $1200 worth of buy can drive the price a bit up, it is better to just mine and put a low ball buy order for rage quitters hehe and since we are already in the lows a x2 is a good probabilty so 1000 x2 is $2000 a $800 profit, that is if you are already happy at x2 and when you are into a really good shitcoin you might hit x10, now that's $8000
XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000
XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000
When I talked that, eth was around $120, now is $170, that is 40% profit in less than 60 days, when mining would ever give 40% profit in less than 60 days? See that is I always say that mining is only profitable when the roi is less than 100 days or so.
And one more moment. If you`re winning in trading, someone another is losing.
Why people are still doing if it's not profitable. But I'm afraid to get into this business because of electricity charges.
a really risky job. I would like to do mining and I will ask help my friends for this
a really risky job. I would like to do mining and I will ask help my friends for this
Now investing in mining is quite risky. High volatility and forks only exacerbate the situation.
On the other hand, the decline in prices should end with another rise (and perhaps it has already begun), at which prices for video cards will rise even higher. and then it's better to start mining today to get ahead of competitors who will begin to enter the market at the growth stage
P.S. >> and it's just fun to do
Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
]]It depend on the place you are living, mining is still profitable if you have access to cheap electricity, this is where the margin of profit is, people mining coins like Grin and Beam now IMO are looking down the line, mid term investment rather than short term profit. Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
Mining is not for everyone, electricity is too expencive and also to buy all hard you need for mining is expencive too, can't be like this need new way of mining.
Some small and medium-sized miners located in Xinjiang and Mongolia in China have reportedly sold their mining equipment in the second hand market to end this. Ironically, mining rig prices are only worth one-twentieth of the same time a year ago, Mining machines are sold in the second hand market with prices ranging from 100 yuan to 1,600 yuan (around $ 15- $ 200). When I'm going to work this makes me hesitant about being involved in mining.
Sumber: https://rumahcoinnews.com
people are mining because they get profit ,if they don't get profit why they still invest in mining.but number of miners decreases as it has become costly .electricity bill is one of the reason behind it.if in your area price per unit electricity is low then it is still very profitable.so take your decision wisely. Sumber: https://rumahcoinnews.com
Stop being sad. I hope that the times will come when the farms will pay off as before for 3-4 months. You just need to wait
That's just greedy. While it can happen I would rather it not because that will bring a flood of assholes back in and bitmain churning out 100K asics a month.
It's fine with me if everyone stops mining and buys coins on the exchanges instead. Perfectly fine with me
Lol it’s never gonna happen Cause mining is quite very profitable for some persons and they will do mine in upcoming days. My some friends said that they will mine coins now and then.
Stop being sad. I hope that the times will come when the farms will pay off as before for 3-4 months. You just need to wait
on some low cap shitcoins a $1200 worth of buy can drive the price a bit up, it is better to just mine and put a low ball buy order for rage quitters hehe and since we are already in the lows a x2 is a good probabilty so 1000 x2 is $2000 a $800 profit, that is if you are already happy at x2 and when you are into a really good shitcoin you might hit x10, now that's $8000
XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000
XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000
When I talked that, eth was around $120, now is $170, that is 40% profit in less than 60 days, when mining would ever give 40% profit in less than 60 days? See that is I always say that mining is only profitable when the roi is less than 100 days or so.
at less than 100 days ROI - that's where miners should sell their coins being mined and/or previously mined coins or they could gamble and wait a little bit more if they think it will still go up.
some miners are counting days and weeks, some are counting months, some are counting years...but still they can change their minds anytime and dump the coins.
on some low cap shitcoins a $1200 worth of buy can drive the price a bit up, it is better to just mine and put a low ball buy order for rage quitters hehe and since we are already in the lows a x2 is a good probabilty so 1000 x2 is $2000 a $800 profit, that is if you are already happy at x2 and when you are into a really good shitcoin you might hit x10, now that's $8000
XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000
XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000
When I talked that, eth was around $120, now is $170, that is 40% profit in less than 60 days, when mining would ever give 40% profit in less than 60 days? See that is I always say that mining is only profitable when the roi is less than 100 days or so.
I was right. Google can find anything today.
March 02, 2019, 03:18:08 PM
Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
March 02, 2019, 03:18:08 PM
People have been banned for less on the "meta" sub forum here. It's probably worth a report if the person is trying to make money using your content. But that is up to you.
And yes, google can find anything, but they still think i'm a bot and keep asking me to do captchas. FFS
Oh yes for much less, well maybe that user has no understanding of what a quote is. So I let it go. Funny the chinese have been doing that for centuries and regulations and other things haven't stopped them for doing that, they have been stealing intellectual property as far as I can remember.
Why people are still doing if it's not profitable. But I'm afraid to get into this business because of electricity charges.
a really risky job. I would like to do mining and I will ask help my friends for this
This is only beneficial if there is free electricity. a really risky job. I would like to do mining and I will ask help my friends for this
I was right. Google can find anything today.
March 02, 2019, 03:18:08 PM
Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
March 02, 2019, 03:18:08 PM
People have been banned for less on the "meta" sub forum here. It's probably worth a report if the person is trying to make money using your content. But that is up to you.
And yes, google can find anything, but they still think i'm a bot and keep asking me to do captchas. FFS
I was right. Google can find anything today.
March 02, 2019, 03:18:08 PM
Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
March 02, 2019, 03:18:08 PM
on some low cap shitcoins a $1200 worth of buy can drive the price a bit up, it is better to just mine and put a low ball buy order for rage quitters hehe and since we are already in the lows a x2 is a good probabilty so 1000 x2 is $2000 a $800 profit, that is if you are already happy at x2 and when you are into a really good shitcoin you might hit x10, now that's $8000
XMR hit 1$ back then, lets be conservative at x100 (since it hit 300$), now that's $80,000
Why people are still doing if it's not profitable. But I'm afraid to get into this business because of electricity charges.
a really risky job. I would like to do mining and I will ask help my friends for this
a really risky job. I would like to do mining and I will ask help my friends for this
I was right. Google can find anything today.
March 02, 2019, 03:18:08 PM
Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
March 02, 2019, 03:18:08 PM
Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.
I think this is one of my quotes. I'm pretty sure. Internet Plagiarism or adept follower? hehe
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