Topic: Bitcoin Mining , Is it worth it? - page 19. (Read 2055 times)
Mining in bitcoin for me is a very wise move and I can strongly say that this is worth it. Mining is one way of gathering bitcoin without any sweat needed because all you need here is to turn it on and wait for your bitcoin then if you have it wait until your desired amount or value of bitcoin comes out. The only catch here in mining is that this requires a quite huge capital for the devices you need and the maintenance of it. Well the device is your which you can use in other ways if you think that you are not successful in mining and you can also sell to get your capital if you don’t feel good with this strategy.
There will be one serious problem and most of the situations on this topic are made for advanced users. If you are not a professional programmer or you have no experience working with Ubuntu and Linux and have little experience using Mac or PC, this text helps you get started with the markets. 
Mining does not seem to me as profitable as investment, as it requires the purchase of expensive equipment, as well as payment of large bills for electric energy. Therefore, it is much easier to immediately buy bitcoins.
Investing is not in vain more popular-it is much easier and more profitable. You do not need to buy expensive equipment, pay large bills for electricity.
A major cost you should factor in is electricity, if it is quite expensive where you are, then you may want to reconsider. Also, how recent is the mining equipment you want to use, if not so recent its also a red flag because that would mean your profitability will reduce soon with that machine. You should also consider locating your mining equipment in a very cool environment so as to reduce cost and maximize efficiency.
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As you have indicated that electricity cost is high,it will eat into your profit. Yes bitcoin mining is worth it but it need resources like capital,knowledge and your time in order to reap the maximum benefit.
I do not advise anyone to engage in mining, because I think that it is long and not very profitable. But this is my personal opinion. I see a more profitable investment.
I think that mining of bitcoin for ordinary people has long been not profitable. In some cases, mining bitcoin can even bring losses!
If the electricity cost is reasonable and the mining rigs are available then it is worth it.
No. If you want to strive for mine, you need to try altcoin mining
select a potential new altcoin, mine as a great deal as you could, hold a while and maintain looking the marketplace
whilst the fee soar excessive, sell all your coins and preserve mining best if it is nonetheless worthwhile
otherwise just discover some other ability altcoin and repeat
select a potential new altcoin, mine as a great deal as you could, hold a while and maintain looking the marketplace
whilst the fee soar excessive, sell all your coins and preserve mining best if it is nonetheless worthwhile
otherwise just discover some other ability altcoin and repeat
Now bitcoin mining is so hard and competition level is so high but if you can you start altr mining its profitable now
Mining is not profitable at all in my country, Main problem is electricity, we already have huge electricity bills, if a mining software or a mining rig is to run there will be no profit after covering the expenses. and also parts that needed to mine are also not to be found in here, so if someone started mining they have to import all the necessary items, and it will cost a fortune.
Best way for is to buy some BTC and alt coins and HOLD them, and make a decent profit out of it.
Best way for is to buy some BTC and alt coins and HOLD them, and make a decent profit out of it.
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 its not worth. Investing in mining is very complicated and need technical expertise for the maintenace and aside from mining also is very expensive it requires a big capital before you can earn.
I believe it's not justified, despite any potential benefits for little capital merchants and financial specialist to have a bitcoin mining as a result of the expanding power charge and the estimation of the GPU's in the present market is to a great degree high for the occasion. Yet, in the event that you can have a hundred of mining of apparatuses and a pleasant and cool place to begin your mining it certainly worth on the off chance that you can mine ETH or different altcoins on the grounds that mining bitcoin isn't prudent on account of its piece are harder to get.
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 !
Yes of course very worth it. Bitcoin mining is very profitable if we can be patient with all the process. Mining is profitable but takes a very long time and requires tools that are quite expensive. I prefer to trade Bitcoin. 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 is waste much time if your hardware is not support or compatible. Think about how much money you spend to mining. Think again before mining and learn with someone who is expert in this regard.
I think that doing mining is not a good choice, especially for a beginner. To do Mining we need adequate hardware and also skill.
Because mining is in dire need of experience, other than that if we choose coin wrong then we will experience loss.
That's why causing mining is risky for those without experience.
Because mining is in dire need of experience, other than that if we choose coin wrong then we will experience loss.
That's why causing mining is risky for those without experience.
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, there are many people who are starting bitcoin mining because they know that mining bitcoins are worth it. If you want to earn passive income, you should do bitcoin mining for you to find out how profitable bitcoin mining is. 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 !
For the people who want to make a living through mining ,it is not worth.But the people who want profit on their invested money on mining hardwares and
rigs mining is worth the headache and money.
rigs mining is worth the headache and money.
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