If you are bullish about Bitcoin and you don't live in an area were electricity is extremely cheap you would almost always be better of investing you money in buying Bitcoin directly and not in a mining rig.
If prices start to increase again you can buy a mining rig for the profit and still be better of than the guy who is struggling with the mining.
That said mining may also be a sort of a hobby, and it is not bad to have a hobby that actually make you some money.
Topic: Bitcoin Mining , Is it worth it? - page 2. (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 !
may be feasible for bitcoin investors who have large enough capital to do the mining because it requires a considerable cost of course 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 !
To be honest I did not like Bitcoin mining and was not familiar with it either. I say Bitcoin mining is not feasible because mining requires huge capital to buy its devices. In addition, it only adds a lot of electricity cost our home and moreover must take a very long time. So I do not recommend you to play in 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 it is if you want big profit you should big investment it have worth in business and save future.
Really depends on the location where you are mining in terms of energy costs. In China and Island the conditions are good and the energy is cheap, so there it should still be profitable. In other countries like Germany, where the energy costs per kWh are quite high, mining (at least bitocin mining) is not profitable anymore.
I remember when China is the biggest miner of bitcoin but now they banned the cryptocurrencies there because they cannot control it because of the decentralization but if we will back to the question, it is worth it only for the people who can wait for at least 1-2 years before thinking about their ROI because it is not that fast profiting investment.
Really depends on the location where you are mining in terms of energy costs. In China and Island the conditions are good and the energy is cheap, so there it should still be profitable. In other countries like Germany, where the energy costs per kWh are quite high, mining (at least bitocin mining) is not profitable anymore.
If at you is the capital which you want to invest in the perspective sphere - that it is unambiguously necessary to be engaged in a mining. But at the same time it is necessary to understand that for really productive work very big financial investments are necessary.
Mining is a most simple but costly strategy for earning digital currencies it worth it, mostly if you mine altcoin. If you build mining, you require apportioning measure of cash I figure around 3k USD. Not only Money as well as learning to how it works the mining machine. Thinking about a conceivable high cost of electricity. As I said it early worth it if you mine altcoin because if you mining bitcoin isn't prudent because of its piece are harder to acquire.
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 !
Mining needs a lot of capital ( mining rig, electricity and maintenance) And in my opinion, mining today is not profitable. Except for expensive electricity, there are lots of mining competitors.
Use a cheap power supply ( solar electricity) and choose to mine other coins.
I think mining bitcoin is well worth it. If we find the right place to mine and have been guaranteed and trusted. Because it seems now that many bitcoin mined places are apparently a scam.
The mining of cryptocurrency is not like the phenomenon that man has ever seen before. Thus, the novelty and profitability of bitcoin mining makes these beginners wonder: is mining right for me.
Obviously I think mining is worth it
Obviously I think mining is worth 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 bitcoin mining is very expensive. You can choose mining, if you have much money. It is my opinion.
it depends of many different factors, for exampe like a cost of the electricity, so u have to be in the country with the cheap one, i think it is still worth because some ppl still do it, and u can buy a ready solution to do it, but u have to monitor it anyway
If you are referring philippine country. Im not agree with butcoin mining. If you are small time miner you might unsatisfied for the profit you can get. Just what you said electricity bills here is so expensive so your profit will be enough to pay this bill. At the end small profit, better to trade or 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 !
btc mining must certainly have a large enough capital. capital to assemble mining equipment to capital for electricity costs every month. so you have to prepare a lot of capital to do the 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 !
If I would start mining someday, I will just buy and set up all the hardware needed, and leave it for passive income or so.
In the past, the fastest one was a similar product from China with 0.3 Gigahash, but now Redfury is the highest, "said Tiyo Triyanto from IBC, to use the user to connect Redfury to a computer via a USB port and then run the mining program. must be tight, enough netbook or similar to be saving electricity,
The secret of Redfury's speed lies in the ASIC (application-specific integrated circuit) chip that specializes in mining Bitcoin. ASIC, called Tiyo, has a more qualified and more power-efficient performance than other Bitcoin mining solutions.
The secret of Redfury's speed lies in the ASIC (application-specific integrated circuit) chip that specializes in mining Bitcoin. ASIC, called Tiyo, has a more qualified and more power-efficient performance than other Bitcoin mining solutions.
It wont be worth your time to start mining Bitcoin now, as you are too late to the mining game. Also trying to mine on a small scale wont be much profitable and it requires huge amount of investment to turn it into decent income. You are better off just purchasing the bitcoin on exchanges hassle free.
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 !
The mining is still worth it because there are still bitcoins to mined but the hinf is they are not unlimited so you better start now for you to have mine a lot because there are a lot of miners today and the mining rigs are getting expensive you better start or nothing. You are just gonna cost a lot in buying mining rigs but I am sure that you will regain that thing. Just be sure that your country can provide you electricity because that will also cost you a lot
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 !
Are you a Filipino?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, bitcoin is not anymore profitable in Philippines since there is a high cost of electricity and we all know that mining uses current so much.
I want also to try mining of bitcoins but I am doubting if I will gain or loss my capital.
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