Topic: Bitcoin Mining , Is it worth it? - page 10. (Read 2055 times)
Bitcoin treatment also means that you invest in a good machine configuration, which can be very expensive, so the cost of the bitcoin depends on the price of the power. In any country where government subsidizes gas prices, it will be cheaper than other countries
Bitcoin mining is not that worth because on the very first place, the capital required on investing for this is very high due to the rapid trend on technology itself. Yes, mining rigs REALLY cost a lot, so try making money on campaigns, doing works online, and other services because these are much worthy than buying a lot of high-end rigs just to mine.
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 !
Actually it's a very good business model. Because the price of Bitcoin at below $ 3k will make you lose money. I have read through a number of articles related to Bitcoin exploitation. A Bitcoin producer has calculated that electricity and land rent in a month only account for 15% of his profits. meaning that Bitcoin really made a lot of money for him at $ 8k. I think you should exploit Bitcoin with a large scale to get rich from it. 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 !
Well the most important factor on which your profit depends from mining is electricity as everyones almost buys the same hardware specs. And electricity is costly in your country, so I wouldn't recommend mining to you. Also you are a bit late to the game as mining is only profitable for the big players now.
I think depends upon the skills and abilities of a people who want to start it over because bitcoin mining is not easy as you think you must first need to prepare all things needed and must need also to have your full acceptance on that.
According to the research, the bitcoin network currently consumes as much electricity as the whole of Ireland, and by the end of the year this figure will be 0.5 percent of all consumed electricity in the world.
should not do bitcoin mining right now, because now the competition between miners is getting higher and most importantly about mining, the negative impact is: mining spends too much fossil fuel energy.
Everything that can earn you a living in life is worst it. Bitcoin is not and expection to this ,if you can afford to buy the equipment and run the process than what doing should be done properly.
All job here is worth it such as investment, trading and mining. If you do mining you need to used a high level computer to get huge profit and you need also a huge amount of money to bought mining rig. A lot of people says that this will cost a huge amount of money because of the equipment needed but you can gain a lot of profit as well. So it is proven that this is worthy.
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 !
Bitcoin mining is worth it, but our electricity is only mining, legit but our income is small. If we want to add Bitcoin mining we really need to buy expensive tools or hardware. It's better to invest than 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 !
I heard mining bitcoin is very expensive and you need a very big amount money to buy the equipment also known as mining rig. I have a friend a that try that mining rig he said to me that he waste a lot of money because the consumption of electricity is very expensive and also the maintenance.
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 !
Honestly, I personally do not really interested in Bitcoin mining. Because mining is too complicated like having to prepare tools for mining and the tools are certainly not cheap. After that, we will need a very long time to produce everything with very expensive electricity costs. I do not recommend you to 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 !
miner bitcoin should have a high level of patience and this is a good idea one of them with mining can multiply bitcoin.
Mining cost a lot of money, time, energy and space and if you're not used to it.. you would say..its not worth it.. Mining I guess is one great thing that you have to really worked out you have to be keen into that..finding ways to get bigger profit..you've got to have real stuff for this one like hardware to be use in mining and so if you hit it real good then it worth it.
Its not. Its too expensive for the use electricity and its easy consumption or drainage of cellphones battery.
Well for me, I think mining Bitcoin now is no longer worth it in the long run. Don't get me wrong, Bitcoin is still very profitable but then the cost of mining nowadays is a totally different thing, you need great hardwares and equipment to do mining, plus the electricity to maintain the set-up and the air conditioning for the hardware and most of all the time you need to wait for you to mine a coin. You will still have some gains but not as worth it as before. So if you have the money, instead of investing it to the set up and maintenance for mining, might as well buy the coins directly, you will still be abl;e to get great profits on trading or investing.
There is no doubt it is worth it but you should learn the basics first including maintenance of equipment. Also, think of it as something that will make you rich in long term.
Mining cryptocurrency seems like a no-brainer.
Today, cryptocurrency mining is a little more complicated and involved. With bitcoin the reward is halved every four years.
No matter what you decide to mine, though, you have to account for your setup costs.
On top of building your rig, you also need to realize that you are going to be using quite a lot of power. If you have high power rates, you could end up spending quite a lot to mine coins especially bitcoin.
Today, cryptocurrency mining is a little more complicated and involved. With bitcoin the reward is halved every four years.
No matter what you decide to mine, though, you have to account for your setup costs.
On top of building your rig, you also need to realize that you are going to be using quite a lot of power. If you have high power rates, you could end up spending quite a lot to mine coins especially bitcoin.
for today i dont think bitcoin mining still profitable...because the difficulties always increasing but payment decreasing...but we still need those miners for transactions
For me, the mining of bitcoin is becoming increasingly irrelevant. It becomes more difficult to extract, and at the same time spending more energy than usual.
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