it seems that for now bitcoin mining is too difficult, not as it used to be, this may also be due to less supply of bitcoin, while the amount of mining is very much in the world for now. I think BTG is better for btc now compared to btc, it is also BTG support GPU seems to be devoted to the mining of this coin
Topic: Bitcoin Mining , Is it worth it? - page 23. (Read 2055 times)
if you are planning to build bitcoin mining you need a huge capital amount to buy hardware. mining is profitable specially if you have wide knowledge on how to care and maintain your hardware and how to choose good alts to mine. and then if you really want to try mining in the philippines expect the high cost of your electric bill per month.
Well everyone has a different point of view, it was stated above that its mining of course you are capable to sustain the things needed ro operate this one, I guess the chances of getting high amount off Bitcoin were great, but due to the fat that nowadays it was concluded that number of Bitcoin were now limited in numbers in which if you build a team in which if this will be proven I guess your entity will not run that much and buying the stuffs needed were very pricey, and what if you it didnt work? I guess investments were a lot stable that this, cause we cannot expect certain time how long do Bitcoin forum would run.
In my own opinion, mining bitcoin is no longer worth it for a newbie. You can do it only if you want to learn and do it for fun. You need the latest device which cost a lot to be able to do well in this space and to break even may take a frustratingly long time when you consider the high cost of electricity in your area.
maybe but in my point of view it,s take time and also take too much time so i suggest you invest in bitcoin and do trade that a good option.
it is not wise to earn bitcoin by mining now . more and more people have joined . the income will be less and less . and invest a lot of hardware equipment . there are also expensive electricity rates . you can use this money to buy bitcoins directly .
First before you enter the MINING you should be prepared for the next. You can either lose or grow into. First of all the GPUs that you will use, it's quite a while before you get the investment you spend. Secondly, you will find that HODL is sometimes up and down the market so the price is not stable. So think about it before you go.
bitcoin mining is great for bitcoin, we can see Bitcoin as a large global cash system that stores the history of transactions or the movement of money from one person to another.
In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process mining ..
Big profits are also offset by large capital. Mining is profitable but also requires considerable cost, including the cost of electricity and maintenance tool mining. But, for those who have a passion for it will certainly be able to solve it easily. In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process mining ..
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 !
First is do you have high capital to enter the mining world?do you know how much every miner and will cost you higher because of high electricity in your region..you know what?be practical instead of mining why not go for trading amd holding?i know that this is risky and hard for newbie to generate income but in time you will learn and can make profit here 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 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.
Yes it is worth bitcoin mining if you can take and sustain and face the risk of the investment you did at first place. A good mining rig is very expensive and yet the electricity too. You will suffer at the beginning but you will have a good profit later on.
Mining bitcoin today is very risky that you need a lot of money to buy high end equipment, also a lot of time.
It actually depends on the person. If he has money for capitalization in buying the expensive equipments, then go. Buy If you go with it, you really need patience since the way it regenerate money is slow and you need to wait for a long time just to get back your money on your capitalization. But after a long wait, it worth it. On the other hand, if you really do not have that much money, do not do mining.
bitcoin mining is very good, everyone can invest in technology, high-priced electricity bill better I ico mining investment and I can technological investment even though my spelling can not fulfill I will join ico mining because it can suffice my life
bitcoin mining is great for bitcoin, we can see Bitcoin as a large global cash system that stores the history of transactions or the movement of money from one person to another.
In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process mining ..
In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process mining ..
Bitcoin Mining , Is it worth it? Mining cryptocurrency seems like a no brainer. Set up a computer to help solve complex math puzzles and you are rewarded with a coin or a fraction of a coin. Back in the day, the first bitcoin miners were able to earn coins relatively quickly just using what computing power they had in their homes.Today, cryptocurrency mining is a little more complicated and involved. With bitcoin, the reward is halved every four years. On top of that, serious miners have built huge arrays to mine, making it harder for smaller miners to compete. You can join a bitcoin mining pool to be more effective, but that comes with a fee, reducing your profits.Some crypto miners instead opt for other currencies. It’s possible to mine ether, litecoin, monero, z-cash, and a number of other cryptocurrencies.Some of these cryptos are worth very little in US dollars. However, it’s possible to use what you mine and convert it into fractional bitcoins on an exchange, and then hope that BTC gains in value.
If you invest a lot of money, then there is a chance to earn money. With small investments, you will hardly get a profit.
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 that nowadays mining bitcoin is not as profitable as some years ago but it is still worth it. But I don't think that you should mine it at home, the best way to mine is cloud mining, but it is my opinion
If you can afford the hardware and the amount of power it takes to mine bitcoin gainfully then it's worth it, but to me it's just easier to invest and just hold.
The amount of bitcoin left to mind is not so much anymore so it has gotten harder to mine.
The amount of bitcoin left to mind is not so much anymore so it has gotten harder to mine.
some says yes, some says no. but for me if you want to start mining just hodl the btc because price still dump
Yes, Mining bitcoin is worth it. If you're willing to wait until you recover your investment in buying hardwares, maintenance and electricity. Actually building mining rig is not for a simple investor because you really need a high amount of investment and patience as well.
I also live in PH and just like what you've said the electricity bill here is a little bit high, If you're going to invest money why don't you try trading or investing to ICO's? since you can easily earn once the token increase price or the coins you bought increase it's price sometimes you can instantly earn profit in just a matter of time unlike the mining you need to recover the electricity bills you paid, investment to hardwares and maintenance. But to answer your question yes it's worth it if you have a lot of investment.
Remember to invest only what you can afford to lose and don't take risks if you're afraid to lose your money/investments.
I also live in PH and just like what you've said the electricity bill here is a little bit high, If you're going to invest money why don't you try trading or investing to ICO's? since you can easily earn once the token increase price or the coins you bought increase it's price sometimes you can instantly earn profit in just a matter of time unlike the mining you need to recover the electricity bills you paid, investment to hardwares and maintenance. But to answer your question yes it's worth it if you have a lot of investment.
Remember to invest only what you can afford to lose and don't take risks if you're afraid to lose your money/investments.
How about also investing in renewable source of electricity, e.g., solar powered electricity?
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