Today I can say I know 12 people mining BTC.
They all started at different periods and were always wondering if it's too late or not.
THey are all happy about the decision to make it!
So take the train!
Topic: Bitcoin Mining , Is it worth it? - page 14. (Read 2055 times)
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 !
Actually bud, there are some alternative method to reduce your electricity bill. As far as I know Philippines is a country which can have a good for solar panels since that country have a good positioning from the sunlight which it depend on you if you can afford to provide a good output of solar power system. Also, wind energy as that country beside from pacific ocean as it can have a strong winds that can be coverted to energy using great wind mills. Thus, each of us can provide an alternative source of energy as long as we can afford it because base on my own analysis it can be profitable in the future.
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 !
The profitability of "mining" BTC depends on several factors: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 !
BTC price expressed in currencies;
costs of "digging" (ie costs of concluding a contract or building your own "mine");
the degree of difficulty of "digging" (which increases with time);
the period left until the day the prize for "digging" is reduced by 50%.
At the same time, profitability should be considered not in relation to currencies (ie BTC valuation in currencies), and in relation of costs to daily "spoil". As Dr Deutsch points out, the argument that the increase in the valuation of cryptocurrencies compensates for the drop in the profitability of its extraction is misconceived.
- Those who think so, make a mistake. What is another is the increase in the BTC valuation expressed in the currency of Fiat, and what is the profitability of extraction. To participate in the increase of the BTC valuation in relation to the fiat currency, it is enough to buy a cryptocurrency, you do not have to "dig" it. To estimate the profitability of extraction on a current basis, it must be counted in BTC, not in the paper currency. Even if the initial mining costs were incurred in the currency of the fiat, then for the same money "miner" could acquire simply BTC units ...
Very nice explanation
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 !
The profitability of "mining" BTC depends on several factors: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 !
BTC price expressed in currencies;
costs of "digging" (ie costs of concluding a contract or building your own "mine");
the degree of difficulty of "digging" (which increases with time);
the period left until the day the prize for "digging" is reduced by 50%.
At the same time, profitability should be considered not in relation to currencies (ie BTC valuation in currencies), and in relation of costs to daily "spoil". As Dr Deutsch points out, the argument that the increase in the valuation of cryptocurrencies compensates for the drop in the profitability of its extraction is misconceived.
- Those who think so, make a mistake. What is another is the increase in the BTC valuation expressed in the currency of Fiat, and what is the profitability of extraction. To participate in the increase of the BTC valuation in relation to the fiat currency, it is enough to buy a cryptocurrency, you do not have to "dig" it. To estimate the profitability of extraction on a current basis, it must be counted in BTC, not in the paper currency. Even if the initial mining costs were incurred in the currency of the fiat, then for the same money "miner" could acquire simply BTC units ...
The question its for me... before the halving time the people it's thinking about it. after halving time... maybe it's too late.
i think its not good idea to mine bitcoin in ph . electricity bill is so expensive . only you need to know how can you make electricity for free using machines that can run using water or any invented in the philippines making electricty . then you can run bitcoin mining .
All depends on your own finances and needs. If you have made a lot of profit from bitcoin, and you have enough capital to buy the equipment used to mine. I think that is one way you can do to increase your income by mining. But if you have little capital, I think it is better to trade. Because if you want to trade and your speculation is always right. It will get more results than min.
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 still a viable option for earning cryptocurrency. However, based on your location which is in Philippines, in which you claim that the electricity fees there were expensive, I don't think it is a good option for you to mine. Moreover, out of all methods of earning in the cryptocurrency industry, mining is the least profitable as it takes more than it gives. So resort to holding or trading instead.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 !
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 it is so worth it if you are mining awhile back ago when people isn't familiar with Bitcoin yet. But now I think it is just too hard to do.
Yes, if you have about 10 asics but if you have a usual farm it's better to look at the altcoins.
With huge competition, bitcoin mine is not very much profitable as we think. We need the huge capital to start the mining farm. When considering the cost of maintainers and electricity also will high. You can try with some altcoin mining than direct bitcoin mining.
I attended a franchise expo in SM Megamall and one the the franchise company in their is a mining company. I spoke to them about how much is the investment they are offering for mining gears. I ask if mining bitcoin is still feasible right now and they mentioned that it's not anymore due to a very high requirement to mine it and the energy required. They advise to mine ETH instead as it's a little bit cheaper than bitcoin.
I know you mean, it's a mine has a chance to make bigger but from to start mine you have to be ready to set up the money to buy the mining equipment and have a load of month to pay like paying for internet electricity and other obstacles. I am not too focused on mining I am more interested in investment and join the grace of ICO.
some hardware are good to improve your ghz others not
Of course, it is worth it. Many of the early miners have made a lot of money. The current mining is very difficult and requires professional miners, which requires a lot of money to invest. If you have the ability to invest, I think digging is a good way.
Can be said that mining is a very difficult thing to get profit, the more competition makes the pool immediately dry and run out, this course makes miners tools specifications continue to increase and maintenance costs more expensive.
If you will think about it, mining is a long term investment and you need a serious capital for this. You will have to wait for a long time to get your equipment and operation costs back thus I suggest that you learn about trading. With the right skills and timing you can multiply your investments for a short period of time. Nevertheless it's for you to decide. Read more about mining and trading so you can chose. At the end of the day you will decide so think carefully and don't forget to just invest what you can lose because this can ruin your life if you are too reckless. Good luck!
Not a good idea to do it now. There is a lot of competition going on and the difficulty is getting higher.
You will need a lot of capital for this to be a success. Your electricity, PH is very expensive, mining requires a large and stable electrical power.
You better look for another coin, if you really want to mine, But I'm sure there will be more out there considering the popularity is in the hands of ICO now.
They have their own number of coins and no mining is required.
You will need a lot of capital for this to be a success. Your electricity, PH is very expensive, mining requires a large and stable electrical power.
You better look for another coin, if you really want to mine, But I'm sure there will be more out there considering the popularity is in the hands of ICO now.
They have their own number of coins and no mining is required.
Bitcoin mining as of now won't be very beneficial I think as there are as of now numerous diggers there and furthermore the gear they utilize are extremely costly and furthermore capable when contrasted with any illustrations card. On the off chance that you wanna go for mining attempt some other coin like Ethereum or some other coin possibly there you can receive some benefit in return.
I think there is nothing wrong with the existence of bitcoin mining, because I am one of them. My reason to join bitcoin mining initially because of limited capital to make a deposit and then in trading, but lately I prefer mining than trading, in because the price unpredictable.
I think mine as much as you can, long and keep watch market as price jumped high, sell all coins you, and continue to mine only if still benefit if only looking for altcoin other potential and repeat if you want to try to mine, you should try mining altcoin choose altcoin potential new
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