It's a good bitcoin for bitcoin mining if you have a lot of bitcoin miners and especially if bitcoin is too high for mining in december last year because bitcoin price is too high at 1million a bitcoin last year so it's good to have a mining last year the electricity bill, especially if you have a lot of miners for a few months you have to recover the investment value of the miner
Topic: Bitcoin Mining , Is it worth it? - page 3. (Read 2055 times)
indeed bitcoin mining it requires a considerable cost and a long time before doing mining thinking more and smart in making decisions in mining investment
And that is the reason why it is worth it. In time, earning digital currencies are getting harder and harder, if you want to earn a good amount of digital currency while it is still early is to mine them. But as you have said it really requires a huge investment and huge patience but I will still go at investing on a mining rig since I don't want to wait to increase the value of digital currencies, I want to increase the amount of them.
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 !
indeed bitcoin mining it requires a considerable cost and a long time before doing mining thinking more and smart in making decisions in mining investment 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 !
Crypto mining is a long term thing. after the first year, if your equipment isn't broken, the price of each coin is equivalent to the electricity you used to mine it. Please be guided accordingly.
When I first started my bitcoin activity, I also looked at mining, but then it seemed to me unprofitable, and now I hold the same opinion. Just invest and everything.
You should not try bitcoin mining if you dont have the sufficient budget to buy the hardware as well as the information required to do so such as specs of the gou you are going to use and how you will build the rig just for mining. This include the whole rig and the maintenance of it.
Now you see my issue with them. I just don't personally care for them. I don't have to like who they are or how they run their business but I can choose not to give them my money.
So although I am a GPU miner, the thought of giving up the motherboards, the frikin risers, and the spaghetti mess of cables inherent to a GPU rig is attractive.
So although I am a GPU miner, the thought of giving up the motherboards, the frikin risers, and the spaghetti mess of cables inherent to a GPU rig is attractive.
at the moment, it will again be profitable to buy equipment and extract bitcoin. the price of the equipment is reduced.
Bitcoin mining surely worth if only you open it big scaled. If it for fun then it will be useless cause the competition are too tight. There was more coins and token too mining outhere that less competition. Why not start from small to big.
Bitcoin mining has always been a highly profitable industry, but mining is not as simple as it was a few years ago, and it will take a lot to enter the mining industry, not only money, but also energy and perseverance.
Well... If hashpower is greatest... It's good that I think...
good luck.
Nowadays mining is not profitable in some countries due of high electricity usage like in my fellow country Philippines many bitcoin enthusiasts not recommend bitcoin mining as their one of source of income cause mining in Philippines is risky this will be profitable if bitcoin will increased.
Yes In our country Mining is not recommend for every bitcoiners. Mining Bitcoin can give you a bit of money due of our climate is disagree in this kind of passive income and if we want mine bitcoin we should buy air conditioner and some expensive things so it is good to trade coins than mining 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 !
Mining is worth it if you mine altcoins. Mining bitcoin also worth it but the problem is it will take an extended period before you collect one bitcoin. Doing mining is very complicated because it requires lots of preparation such as hardware. Mining rig hardware is too expensive. The area where you put the mining rig. Ming rig requires a cold place because it produce hit. The electricity is the one will your major problem if you build it, you need a solar panel to reduce the electricity bills. 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 !
Its up to you my friend. If you have to much money or time to manage that. I have a friend that try that bitcoin mining but he failed to back his capital because he spent all in electricity bills and maintenance. So my advice is just think carefully if you are ready to do this. There are so many ways to invest in bitcoin.
Bitcoin is mined in blocks, and now the reward for the block is 12.5 bitcoins. With a rate of about $ 5,000, the award will be approximately $ 62,500. In 2009, when bitcoin mining began, the reward for the block was 50 bitcoins; in 2012, the reward was reduced to 25 coins, and in 2016 - to the current level. Such double declines occur regularly; the next is planned for about 2020 - then the amount of compensation will be reduced to 6.25 bitecoins.
Bitcoin mining is an interesting way of trying to make a few bitcoin tokens on the side, but it also serves a very important purpose in maintaining and keeping the bitcoin blockchain secure.
The rising costs of mining effectively and competing against large mining pools have made it harder for the hobbyist to profit on mining bitcoin.
It’s virtually impossible to mine enough bitcoin to recoup your initial cost of equipment and electricity. But if you’re not so concerned about making a buck, you could have fun panning for this cool currency.
But also it depends where you're from, because all doesn't have the same prices in terms of equipments, electricity etc.
some ideas got from: finder.com
The rising costs of mining effectively and competing against large mining pools have made it harder for the hobbyist to profit on mining bitcoin.
It’s virtually impossible to mine enough bitcoin to recoup your initial cost of equipment and electricity. But if you’re not so concerned about making a buck, you could have fun panning for this cool currency.
But also it depends where you're from, because all doesn't have the same prices in terms of equipments, electricity etc.
some ideas got from: finder.com
Nowadays mining is not profitable in some countries due of high electricity usage like in my fellow country Philippines many bitcoin enthusiasts not recommend bitcoin mining as their one of source of income cause mining in Philippines is risky this will be profitable if bitcoin will increased.
It is really not advisable to get into bitcoin mining right now because of how keen the competition has gotten with the participation of some big indstries. I will advice you mine some altcoins or better still get into trading but not necessarily mining. It is not profitable these days looking at the amount you invest into the mining and the returns that you get from 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 !
It's worth it but it's just a powerful Internet and a big investment for it because electricity is especially expensive in philipines. More users are mining in other countries because the internet is less expensive than electricity.
This is completely worth worthy , extraction more difficult because of the increasing difficulty level. Bitcoin operators will receive a bitcoin monthly income to deserve the effort they have spent. But the exploitation of bitcoin should be limit because it consumes too much energy and is not good for the environment.
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