if the electricity costs are too high than it is better in my opinion to invest and make trading or hodl than make mining unless you aim to mine coins that have low difficulty.
With the bitcoin mining getting cheap electricity to power the miners seem to be the only problem, that's why the Chinese has the largest number of miners in the entire world due to their cheap electrical cost but if we can find away to utilise cheaper source of energy, then i believe it would be worth it indeed. 
Topic: Bitcoin Mining , Is it worth it? - page 22. (Read 2063 times)
if the electricity costs are too high than it is better in my opinion to invest and make trading or hodl than make mining unless you aim to mine coins that have low difficulty.
why not? If you have the ability and the conditions to associate with the company or negotiate an independent plan for your own mining plan. It's amazing. in the decentralized supply and crypto market. Mining plays an important and active role in easing the value of the coin. That means that you have the basics to figure out the price. Looking back Mtgox took the initiative to create the crisis is predicated.
The very first rule in investing is Don't invest, if you don't know anything with your investment.
You know the consequences of having high electricity consumption and if you don't have a large space for it, you may also take the heat that was thrown by the rigs.
There are alternative investments that you can focus with, other did gave up for starting their mining rig considering those things. You can buy bitcoin and hold it for long term.
You know the consequences of having high electricity consumption and if you don't have a large space for it, you may also take the heat that was thrown by the rigs.
There are alternative investments that you can focus with, other did gave up for starting their mining rig considering those things. You can buy bitcoin and hold it for long term.
Because the value of bitcoin is increasing, more and more miners are involved in bitcoin mining but the effect is not high because of the difficulty of digging bitcoins. Calculating the amount of money spent on bitcoin extraction is close to the current value of bitcoin so I think bitcoin mining at the moment is not profitable. I advise miners to keep the bitcoin up for price rather than exploiting and selling during this time.
to mine bitcoin that is the impact we,buy a very expensive mining tool and the cost of electricity is expensive and the results can be very small so I think bitcoin mining is not very feasible and can be to our own disadvantage,according to me
yes, it worth it. but as of now, mining competence is more favorable to the big company my advice is to invest in them. but you can make on your own risk of a high electric bill and always monitoring on it.
It could be worth it if you have money set aside, and you want to earn some. But it is not worth it to put all your fortune into mining because its a risky business, or maybe quit your current job for it, wouldn't advise that
I think that at the moment it's very risky to mine bitcoin. In the world there is a large number of large farms that are several thousand times greater than those that you can buy. In addition, the complexity of mining bitcoin increases every day, which may not bring profit to you.
Hello guys, I have a friend who told me about BITCOIN MINING.
What do you think?
With the increased difficulty I honestly think is profitable if done on a large scale and not solo level but if you feel you can not stay away from crypto mining you can give other coins a shot which have a much smaller mining difficulty than BTC.What do you think?
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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.
I do not think its worth it has this requires too much resources if you want to earn some noticeable profitsI'm not even familiar with it , so I'm probably asking for advice on for those old miners.
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Do you have some tips and tricks?
Bitcoin mining is better left to large scale miners and to be honest i feel its an obsolete investment, better try the ICO market which pays you with what you see, WYSIWYG 
If you can use someones hardware for free - the answer is yes.
If you have free power - the answer is also yes.
If we are talking about the cloud mining contract - yes they are still profitable.
Otherwise, the much more effective and simple investment - is to buy the Bitcoin and hold it.
If you have free power - the answer is also yes.
If we are talking about the cloud mining contract - yes they are still profitable.
Otherwise, the much more effective and simple investment - is to buy the Bitcoin and hold it.
No matter what. Bitcoin mining is always profitable depends on how to manage and do maintenance the system. It's a bullshit if you think Bitcoin mining isn't profitable, because they didn't know how to do it and just following the trend.
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 !
If electricity is expensive where you live... I guess it won't be worth it, besides maybe consider mining altcoins, which is more lucrative (if you mined the right one). Good luck!
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.
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 !
But he is moving his expertise through cold weather and cheap electricity to continue his work. You may be worried about how much your monthly expenses may be higher than the profits you make, and you may be losing money. Do not worry as no investors are trying to know that they are losing money. 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 all depends on the situation and the setup of your bitcoin mining because if you have solar energy setup which provides all the energy, then I certainly believe that it’s worth it in the end.
If we are talking about this 3 years ago, I would definitely say yes it is worth it. But with the recent situation, the high cost of building the hardware for your equipment, plus the expensive electricity and cooling condition for maintenance and the time needed to wait to mine a coin, made it not worth of all the investments in the long run. If I have the money, instead of buying expensive equipment and rigs, I would just buy the coin directly and hold on to 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 !
Bitcoin mining to me is something that only a specialist could do and not for everybody. You would need to have the proper knowledge to know when to mine, how to mine and what to mine no matter how hi-tech your resources or peripherals are, chances is that they would not come up with something if you do not know how to operate them. That is why I really do think that bitcoin is indeed worth it but only to the people that knows how to use 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 !
Bitcoin mining is worth it, but in Philippines, I think its not. The electricity in Philippines is very expensive if you are a small miner of bitcoin then it is not worth but if you are a big miner then I think it can be worth it some instance. 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 !
Truly it is worth bitcoin mining in the event that you can take and manage and confront the danger of the venture you did at the lead position. A decent mining rig is extremely costly but the power as well. You will endure toward the start yet you will have a decent benefit later on.
in any case, truly,
It really relies upon the individual. On the off chance that he has cash for capitalization in purchasing the costly types of gear, at that point go. Purchase If you run with it, you truly require persistence since the way it recover cash is ease back and you have to sit tight for quite a while just to get back your cash on your capitalization. Be that as it may, after a long pause, it justified, despite all the trouble. Then again, on the off chance that you truly don't have that much cash, don't do mining.
in any case, truly,
It really relies upon the individual. On the off chance that he has cash for capitalization in purchasing the costly types of gear, at that point go. Purchase If you run with it, you truly require persistence since the way it recover cash is ease back and you have to sit tight for quite a while just to get back your cash on your capitalization. Be that as it may, after a long pause, it justified, despite all the trouble. Then again, on the off chance that you truly don't have that much cash, don't do mining.
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