Topic: Bitcoin Mining , Is it worth it? (Read 2055 times)
in my opinion bitcoin mining seems very profitable and valuable when the price of electricity in need of value is very cheap but if the country has a very cheap electricity prices then mining is still very profitable.
Considering the question whether Bitcoin's mine is beneficial in 2018, it is important to remember the risks to the network participant and highlight some of the negative factors: a change in the exchange rate, prohibitions at the level of government bodies, an increase in complexity, an increase in the cost of iron, and fixed costs in the mining process. in general, while the bitcoins are not over yet, you can continue to mine.
it will be worth it, its a huge investment with a hug return , mining for me is a little bit risky , but risk is equivalent to huge money or huge profit. Mining righs a re expensive but if you will be able to make a return out of it , it will be worth it .
While the question is whether the Bitcoins are beneficial for mine, the experts respond positively. But the number of mining methods is limited by the use of ASIC-miners and cloud-mining services. If the current trend continues, BTC production in 2-3 years will be available only to large companies that have the necessary means and opportunities to purchase and maintain expensive equipment.
What you need for profitable mining:
1) Cheap power + power meter
2) Good minig soft (Awesome Miner is nice piece of soft)
3) Right mix to mine (its better to mine Altcoins and autoconvert all when BTC is cheap, keep better altcoins and convert when BTC market hits its lows)
So yeah, its profitable when you make it profitable.
1) Cheap power + power meter
2) Good minig soft (Awesome Miner is nice piece of soft)
3) Right mix to mine (its better to mine Altcoins and autoconvert all when BTC is cheap, keep better altcoins and convert when BTC market hits its lows)
So yeah, its profitable when you make it profitable.
Mining is not a good way to earn at the moment when the mining difficult of Bitcoin is increasing day by day but it's a safe way to earn Bitcoin cause you'll never being scammed by anyone.Then I would check out whattomine dot com, type in electricity your costs and hashrate of the equipment you could buy and voila there you can easily see if it is worth it.
I think now mine is not profitable. Mine is getting heavier since it requires more and more powerful equipment that not everyone can afford. I think it's better to invest.
Hello guys, I have a friend who told me about BITCOIN MINING.
What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.
Electricity here in PH is so expensive. Do you have some tips and tricks?
Thanks in advance guys !
What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.
Electricity here in PH is so expensive. Do you have some tips and tricks?
Thanks in advance guys !
I think mining bitcoin can be a lucrative venture but you will need a very expensive budget in order to meet up to the demands of getting the best mining hardware for it to be worth it. Even with the best mining rig, it will still take a while for you to recover the amount spent in setting up the mining facility. Also remember to factor in electricity costs. If electricity is expensive in your area then you may have to leave the place for where you can get cheaper electricity in order to be profitable
采矿机的收益曲线不断下降，当收益曲线达到与电价相同的水平时，就达到停产点。
Hello guys, I have a friend who told me about BITCOIN MINING.
What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.
Electricity here in PH is so expensive. Do you have some tips and tricks?
Thanks in advance guys !
At Bitcoin prices now will not bring too much profit to you. I think you should exploit the other altcoins. Because Bitcoin's algorithms are increasingly difficult and the number of coins mined is very low. It can make you huge losses. What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.
Electricity here in PH is so expensive. Do you have some tips and tricks?
Thanks in advance guys !
The emergence of ASICs created an arms race that made investing in Bitcoin mining machines more volatile, and risky, than Bitcoin itself. As Bitcoin ASICs began with the 110 nm Avalons, which was architecture available in traditional CPUs in the early 2000s, many companies sprung up to work toward out the next generation, with hopes of eventually reaching “state-of-the-art”, which is ~22 nm at the moment.
Realistically, the development of truly state-of-the-art Bitcoin mining ASICs may not be worth the investment, as the increase in power efficiency, which is the most important factor for a Bitcoin mining rig, is nowhere near as large as previous generations.
Realistically, the development of truly state-of-the-art Bitcoin mining ASICs may not be worth the investment, as the increase in power efficiency, which is the most important factor for a Bitcoin mining rig, is nowhere near as large as previous generations.
For the last 90 days the difficulty rose by 43%. Yesterday for example at the end of the 13 day epoch it rose 4%. More and more miners are plugged in and the difficulty will continue to rise. In 3 months with the current price of Bitcoin the revenue will be less than the electricity cost 0.06$ (which is the best price miners can get in most places). There are a few places with 0.04$ but I am not sure how many asics are there. In other words, Jihan Wu must stop the production of s9's for good. Even if he invests tens and hundred of millions in the next generation 10nm Samsung chips, at the time it reaches the market, they will be DOA. The only way out for him is to stop pumping bcash and start pumping Bitcoin. bcash will never be more profitable for more than a day, this shitcoin is bought only by Wu's puppet Rojer Ver.
I'm not sure with how to mine bitcoin using antminer whose price I think is quite expensive. So for me, I think it's not worth it because the results to be obtained are also uncertain. I think cloud mining would be better and worth it. By buying a cloud mining contract we do not have to bother to take care of the device or buy their own mining equipment. But we must remain cautious of the providers of cloud mining services, because it has a lot of scam.
Having bitcoin mining is profitable as long electricity cost not too expensive. Every country have their own electricity rate and in my country, bitcoin mining can give net profits not much with bitcoin price right now at $8000. Its still profits but not much
I do not think it's true for bitcoin miners to see that bitcoin is currently decreasing if you do mining, then what you are struggling will not match what you get. My advice if you want to do mining then it is better if you choose a better altcoin and more dominant in price issues. Because mine requires patience and persistence so that everything can be smooth.
Add up to this statement that mining needs a higher GPU to get a higher security and prevents to break the codes. It is need to notice every time when it reaches the limit of certain coins.
Expect high costs of mining hardware and it is exceptionally costly, setting up that gear comes later, and I heard that can be hard as well. You need some specialized information.One of my colleague began to mine ethereum month prior, he paid all the more then 3000 dollars for apparatus, and now he is an eth digger. That is certain less expensive choice, that is the reason numerous individuals are swinging to different alts. Bitcoin is simply to costly to begin, I'm certain that in the event that you have enough cash it can be great, later you can win and redesign your mining rigs, however that a considerable measure is extremely a ton for begin. Most likely its best to check different alternatives, mining different alts can be gainful, coordinate your apparatus with great alt to give you best mining outcomes
In my opinion, depending on the skills and abilities of people who want to start again because bitcoin mining is not easy because you think you should first need to prepare all the necessary things and also must have full acceptance on it.
Mining now is a difficult task. After all, it is very competitive. If there is capital, it is relatively simple to buy directly.
Hello guys, I have a friend who told me about BITCOIN MINING.
What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.
Electricity here in PH is so expensive. Do you have some tips and tricks?
Thanks in advance guys !
What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.
Electricity here in PH is so expensive. Do you have some tips and tricks?
Thanks in advance guys !
it is true, bitcoin mining is very expensive, you must buy equipment mining. I personally prefer buy bitcoin for investment.
I think it depends on which country that you are in, the Bitcoin phenomena is already dying out in some. With Bitcoin Mining, you need a hella big capital in order for you to succeed in it.
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