BC mining in Philippines. Is that something I should do?

hajimasan

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Quote from: Valnurat on March 05, 2017, 04:02:07 AM

Hi.

Mining in Philippines, is that something I should do? If yes:
- where do you buy mining HW?
- is the price for power cheap? What is it that?

The short answer would be “It depends on how much you’re willing to spend”. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors.
Here no doubt that the price of electricity is in good high amount I mean not cheap .
Here also there are many factors which results into your mining profit .
these are
hash rate , Bitcoin per block ,Bitcoin difficulty , electricity rate ( already mentioned ) , internet speed and data consumption , power consumption , pool fee ,time frame conversion rate etc .
All over I will say not profitable .

vienyvez

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Solo mining cannot be profitable in PH, as mentioned by others due to many hassles on doing so.

In particular, the speed of the local net will simply disappoint you on BTC mining. Even if you found a BTC by luck, the speed ot the net would not be fast enough to do a quick confirmation for you, thus allowing others to technically "steal" the BTC for you since they could have a faster net on submission of the same newly found BTC.

Not economically feasible unless you are using free electricity and powerful hardware I think. But I doubt at current BTC difficulty level.

Valnurat

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Quote from: Wandering Soul~ on March 05, 2017, 05:26:55 PM

Quote from: Valnurat on March 05, 2017, 02:25:16 PM

Sorry guys. I don't speak tagalog. I speak Danish and English

Then why are you posting here? This is a local thread of course most of us will speak in our language . Or are you planning on moving here to simply mine bitcoin? If yes, It's a no because I am afraid that all of your earnings will just go to your electricity bill . The power consumption here is really high and in fact the rate is increasing every year so just find another place .

P.S. : If you will be posting in a local thread like this, Be sure to add that you don't speak or understand their local language and also please specify the reason .

I have posted a question here, because I'm married to a philippino girl and I'm in philippines many times. So I was thinking to try to setup some hw to do some mining. But I will just be sure if there was ROI on it.

Snub

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Quote from: BTCmax24 on March 07, 2017, 07:43:07 AM

Dun ka mag mine sa mindanao dmaing close mine dun pinasara ni DENR Sec. Mahirap kasi mag mine sa computer.

di na sya makakapg mine sabi mo nga diba sarado na , tsaka di naman mahirap mag mine sa computer mahirap lang dto yan sa pinas kasi mainit ang panahon at malaki pa ang presyo ng kuryente parang wala ka ding kikitain.

Humanxlemming

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Quote from: Valnurat on March 05, 2017, 04:02:07 AM

Hi.

Mining in Philippines, is that something I should do? If yes:
- where do you buy mining HW?
- is the price for power cheap? What is it that?

Haysss paulit ulit na lang ang mga gantong tanong ang sagot jan ay hinde mahal ang kuryente dito sa philippines at hindi talaga profitable ang pag mimina dito,

Lalo lang pumapangit ang local section natin sana mapanatili namn natin na maayos ang local section naten

BTCmax24

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Dun ka mag mine sa mindanao dmaing close mine dun pinasara ni DENR Sec. Mahirap kasi mag mine sa computer.

crwth

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Quote from: Valnurat on March 05, 2017, 04:02:07 AM

Hi.

Mining in Philippines, is that something I should do? If yes:
- where do you buy mining HW?
- is the price for power cheap? What is it that?

I'm just curious on why you are posting here while you said you only speak Danish and English. Maybe you're a foreigner living here in the Philippines. A lot of people here have already explained why but you just didn't understand, I hope this helps you a bit.

Quote from: Valnurat on March 05, 2017, 02:25:16 PM

Sorry guys. I don't speak tagalog. I speak Danish and English

Anyway, the electricity pricing here in the Philippines is REALLY EXPENSIVE. It's not recommended and you will just bury yourself with debts and you're not even making $10 after a week of mining and the bill with that would be really huge (even if you say it's for free, the resources are just not being used to the right things). Everyone wants passive income, but mining won't be profitable here. Look for other ways.

terrific

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Quote from: malcovixeffect on March 06, 2017, 09:32:05 PM

Quote from: Jhings20 on March 06, 2017, 09:12:36 PM

Quote from: randal9 on March 06, 2017, 07:27:53 PM

bakit ba ang daming nagtatanong ng ganito halos talamak na eh, parang mga hindi nagbabasa palage na lamang may tanong na ganito alam naman na sobrang mahal ng kuyente dito sa ating bansa at hindi sya profitable. nakakainis na itong mga ganitong thread eh. dapat close na ito walang wenta.

hahaha ako din boss andame kong nababasa na tungkol sa mining na newbie or mababa ang rank na gumagawa ng thread haha talamak na dapat mag pinned post din dito na tungkol sa mining para matauhan kagad yung mga bagong dating bakit hindi dapat pasukin ang mining sa pinas dahil sa sobrang bagal na ng internet sobrang mahal pa ng kuryente

@OP pero boss kung may sobrang laking solar panel ka at mining rig at nasa malamig na lugar ka ng pilipinas + electircfan baka kumita ka ng bahagya basta ang imamine mo yung bagong labas ng coin para mababa pa difficulty

Nasa era na tayo ng ICO hahahah.
Wala ka ng miminahin kundi mga joke coin.

Oo nga imbis na mag mina ka ng bitcoins eh parang nag invest ka lang din sa hardware nun pero yung ROI mo napakabagal. Mas mabuti kung sali ka nalang sa mga ICO o di kaya bili ka nalang ng sang katerbang mga bitcoin at wag mo galawin hanggang tumaas ang presyo. Wala ng maintenance di ka pa mamomoblema sa monthly mo.

malcovixeffect

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Quote from: Jhings20 on March 06, 2017, 09:12:36 PM

Quote from: randal9 on March 06, 2017, 07:27:53 PM

bakit ba ang daming nagtatanong ng ganito halos talamak na eh, parang mga hindi nagbabasa palage na lamang may tanong na ganito alam naman na sobrang mahal ng kuyente dito sa ating bansa at hindi sya profitable. nakakainis na itong mga ganitong thread eh. dapat close na ito walang wenta.

hahaha ako din boss andame kong nababasa na tungkol sa mining na newbie or mababa ang rank na gumagawa ng thread haha talamak na dapat mag pinned post din dito na tungkol sa mining para matauhan kagad yung mga bagong dating bakit hindi dapat pasukin ang mining sa pinas dahil sa sobrang bagal na ng internet sobrang mahal pa ng kuryente

@OP pero boss kung may sobrang laking solar panel ka at mining rig at nasa malamig na lugar ka ng pilipinas + electircfan baka kumita ka ng bahagya basta ang imamine mo yung bagong labas ng coin para mababa pa difficulty

Nasa era na tayo ng ICO hahahah.
Wala ka ng miminahin kundi mga joke coin.

Jhings20

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Quote from: randal9 on March 06, 2017, 07:27:53 PM

bakit ba ang daming nagtatanong ng ganito halos talamak na eh, parang mga hindi nagbabasa palage na lamang may tanong na ganito alam naman na sobrang mahal ng kuyente dito sa ating bansa at hindi sya profitable. nakakainis na itong mga ganitong thread eh. dapat close na ito walang wenta.

hahaha ako din boss andame kong nababasa na tungkol sa mining na newbie or mababa ang rank na gumagawa ng thread haha talamak na dapat mag pinned post din dito na tungkol sa mining para matauhan kagad yung mga bagong dating bakit hindi dapat pasukin ang mining sa pinas dahil sa sobrang bagal na ng internet sobrang mahal pa ng kuryente

@OP pero boss kung may sobrang laking solar panel ka at mining rig at nasa malamig na lugar ka ng pilipinas + electircfan baka kumita ka ng bahagya basta ang imamine mo yung bagong labas ng coin para mababa pa difficulty

randal9

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bakit ba ang daming nagtatanong ng ganito halos talamak na eh, parang mga hindi nagbabasa palage na lamang may tanong na ganito alam naman na sobrang mahal ng kuyente dito sa ating bansa at hindi sya profitable. nakakainis na itong mga ganitong thread eh. dapat close na ito walang wenta.

mundang

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Quote from: Valnurat on March 05, 2017, 04:02:07 AM

Hi.

Mining in Philippines, is that something I should do? If yes:
- where do you buy mining HW?
- is the price for power cheap? What is it that?

Before mining is the most profitable to earn btc. But after years have passed and because of the difficulty ,mining became a waste of time ,consuming high electricity thats why mining is not profitable and not recommended by these days.

dawnasor

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Quote from: Valnurat on March 05, 2017, 04:02:07 AM

Hi.

Mining in Philippines, is that something I should do? If yes:
- where do you buy mining HW?
- is the price for power cheap? What is it that?

Huwag ka nalang mag balak mag mining kuryente palang talo kana.

fitty

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Quote from: Valnurat on March 05, 2017, 04:02:07 AM

Hi.

Mining in Philippines, is that something I should do? If yes:
- where do you buy mining HW?
- is the price for power cheap? What is it that?

Mining is not recommended here in the Philippines. Bakit ko nasabi? Unang- una. Napakainit dito sa atin. Alam natin na ang mga miners ay kailangan ng malamig na klima dahil nag ooperate ito ng 20/7 at umiinit ang mga hardware. Tapos napakamahal ng kuryente dito sa atin. Kahit na makahanap ka ng malamig na lugar (baguio, etc) ay hindi ka pa rin kikita dahil sa mahal ng kuryente. Pangatlo, napakabagal ng internet natin dito at mahal rin. Kaya hindi talaga recommended na magtayo ng miners dito sa atin.

jems

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malakas daw sa kuryente tapos karamihan scam daw

crairezx20

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Sakin balak ko mag mina dito pero sakin balak mag build ng super pc with 3 pci for gpu mining.. dahil libre ang kuryente namin dito.. so profitable ang mining sa lugar ko.. unless sa ibang lugar.. kung for study purposes pwede kang mag try mag mine using your computer but altcoin mining..
Para alam mo concept and the future na rin kung mag babalak ka sa zero electricity cost like solar maka bili ka ng mga hardware nun im sure hindi kana gagastos.. since tig araw ngayun ..

Wandering Soul~

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Wolf

Quote from: Valnurat on March 05, 2017, 02:25:16 PM

Sorry guys. I don't speak tagalog. I speak Danish and English

Then why are you posting here? This is a local thread of course most of us will speak in our language . Or are you planning on moving here to simply mine bitcoin? If yes, It's a no because I am afraid that all of your earnings will just go to your electricity bill . The power consumption here is really high and in fact the rate is increasing every year so just find another place .

P.S. : If you will be posting in a local thread like this, Be sure to add that you don't speak or understand their local language and also please specify the reason .

Valnurat

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Sorry guys. I don't speak tagalog. I speak Danish and English

Mr.Pro

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Quote from: BALIK on March 05, 2017, 05:46:10 AM

Paulit-ulit na lang yung mga gantong post dapat mag search muna kayo bago gumawa ng thread, marami na nagsabi na hindi profiatable ang mining dito sa pinas dahil mahal ang kuryente at subrang init pa dito, maliban na lang kung nasa baguio ka pero aabot parin ng 1-year bago daw ma balik yung puhunan mu, so ang maganda eh wag na lang i-try kung ayaw maluge.

Anong 1 year?
Sa cloud ponzi mining lang yung 1+ year na yun kung nag mimina ka hindi mo na mababawi puhunan mo kung sa Pilipinas baka mas mauna pa masira ang gear mo bago kapa maka ROI unless kung pumalo sa $10k ang BTC
- madalas ang power interruption
- mining HW + ventilation kahit nasa Baguio ka pa dagdag gastos sa kuryente
- internet connection nawawala or mabagal sa Pilipinas

Question123

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Quote from: BALIK on March 05, 2017, 05:46:10 AM

Paulit-ulit na lang yung mga gantong post dapat mag search muna kayo bago gumawa ng thread, marami na nagsabi na hindi profiatable ang mining dito sa pinas dahil mahal ang kuryente at subrang init pa dito, maliban na lang kung nasa baguio ka pero aabot parin ng 1-year bago daw ma balik yung puhunan mu, so ang maganda eh wag na lang i-try kung ayaw maluge.

Tama dami nang ganitong thread Paulit-ulit lang naman ganitong post. Talaga ng hindi maganda mag-mine dito sa pilipinas. Dahil sa sobrang mahal nang kuryente . Kailangan pa nang proper ventilation dahil kaialnagn malamig ang paglalagyan mo nang machine dahil baka mag-over heat at magkasunog sa inyong lugar. Mahirap mag-mine baka kalabasan malugi ka at hindi mo mabawi ang puhunan mo. Kaya huwag nang mag-mine dahil nasa Philippines ka dibale kung nasa ibang bansa ka na mura ang kuryente.

Topic: BC mining in Philippines. Is that something I should do? (Read 1053 times)