Topic: Bitcoin Mining , Is it worth it? - page 7. (Read 2055 times)
Yes it is the second and easiest way to earn daily but it takes many days to get a profit by mining and the disadvantages for mining is your electric bills that your 100 percent profit it will become 50 percent because the profit you earn you pay on your electric bills but it is good source of income 😁
I think if you have the money to buy and maintain a mining rig, its worth it. It passively generates Bitcoin for and you just need to monitor it and make sure that it runs optimally. Its a great long term investment because Bitcoin can raise to huge amounts in the future sometime and even its at a low sometime, earning Bitcoin passively is great. For electricity its part of the problem, I think you can find areas that has low billing for electricity like provinces and countrysides, and residential area, just don't do mining in commercial areas because that would be a huge electric bill.
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 !
The current and continued hike on utility price like electricity , water and oil, pushes the prices of almost all goods and commodities, including computer hardware and software. This is really going to be a big challenge for bitcoin miner, since mining really takes a lot of time to be productive. Investing on mining equipment is too expensive not mentioning the time and personnel that will be doing the entire operation. 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 is very necessary because bitcoin is still profitable if you know the way forward. Where you can buy advanced equipment to increase the performance of mining in order to quickly produce a lot of bitcoin. Regarding the power and power of bitcoin mining all is always exaggerated may be the allegation to be able to stop the development of bitcoin in the future.
many miners turn to altcoin rather than focusing on bitcoins, an increasingly complicated block with smaller numbers leads to higher difficulty levels and harder hardware performance will add more power that is not worth the expense, I think it's not feasible and better focus is to become more active in the trading market or follow the ICO
some people said that right now the bitcoin mining is not profit able it caused because the hardware price that increasing fast and the diff from the coin is to high to mining, and we can see that the electricity price is expensive, but we can see that some people is still make profit from the mining, I don't know the truth but if you want to mining just try with your own risk
No, it doesn't worth it. Unless you have a mining farm with more than severals computers with good hardware and a lot of money to pay the hefty electric bills, you won't break even, so forget about it. Bitcoin mining nowadays is only profitable, if you have the chance to do it in an industrial way, which is quite unlikely for most of us.
I agree:) but it also depends on the location of miners, cause the cost of electricity is very different around the world
It is very necessary because bitcoin is still profitable if you know the way forward. Where you can buy advanced equipment to increase the performance of mining in order to quickly produce a lot of bitcoin. Regarding the power and power of bitcoin mining all is always exaggerated may be the allegation to be able to stop the development of bitcoin in the future.
bitcoin mining a few years ago is still very valuable but for now it seems bitcoin mining is not very valuable because bitcoin mining is very difficult to get bitcoin and is very expensive cost of electricity required for mining so making bitcoin mining is not worth anymore in some countries.
Yes, there's a lots of things to consider when dealing with mining, I guess instead of doing bitcoin mining better to mine alts chances for those holder alts will be much better if getting lucky, those coins that still in the progressing stages are capable to grow in unmeasured height, it's much better to take the risk with this type of mining than consuming your investment with low expected profits. 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 you have limited knowledge about bitcoin mining like me, you should learn more. I am not familiar with the programs in mining but I can tell you that you can study it. And for the issue with the expensive electricity, you can invest for a solar panel or a generator and see if the gasoline consumption of the generator is cheaper. I hope that your mining career will be good since we need more miners in this industry.
No, it doesn't worth it. Unless you have a mining farm with more than severals computers with good hardware and a lot of money to pay the hefty electric bills, you won't break even, so forget about it. Bitcoin mining nowadays is only profitable, if you have the chance to do it in an industrial way, which is quite unlikely for most of us.
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 !
I want to immediately disappoint fans of easy money, thinking about how to earn bitcoins on a home computer: even 1 bitcoin is not so easy to get. The vast majority of miners are forced to be limited to the so – called Satoshi-a kind of virtual cents and pennies. But even they can get up to 1 thousand per hour for the simplest tasks. In fact, it's not such a big amount: 1 million Satoshi is equal to 0.1125 dollars. Therefore, it makes sense to engage in mining only on an industrial scale and in those places where there is cheap electricity 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 a few years ago is still very valuable but for now it seems bitcoin mining is not very valuable because bitcoin mining is very difficult to get bitcoin and is very expensive cost of electricity required for mining so making bitcoin mining is not worth anymore in some countries.
I don't have much experience about Bitcoin mining but one thing i hear through my friend, nowadays it is very difficult to make one bitcoin because due to increase in difficulty Bitcoin mining is not profitable. People who can spend more money will invest in it because the more mining equipment they have the fastly we make Bitcoin.
Mining is so much expensive nowadays and you can earn more with other ways. If your have a big company or big team, you may make lot profit, so not worth it.
I would love to say that mining is not profitable. But those guys persisted with mining in 2012 got huge returns after the exchange rates increased 
at the moment simple people, at the disposal of which only modest home computers, the production of bitcoins, in fact, is closed. This will require a huge amount of time and resources. After all, the very process of mining is accompanied by some problems, for example, a strong heating of the processor and / or graphics card, the consumption of electricity increases. As a result, at home, the cost of mining will be much higher than the market price of the extracted bitcoins.
Mining of bitcoin is real and expensive because of the equipment involved. Although it is profitable but you need experience and training to excel. Do not rush into mining when you are not prepared.
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 !
Electricity here in Philippines is so expensive especially this summer so when you start doing mining,you will probably spend more than you earn. Equipments and hardwares are also needed to be high end to make the most out of it. Before starting mining, you should have enough knowledge and experience in n cryptocurrency. I have watched a guy in the news and he is telling that bitcoin mining is for experienced and professional only. I think in your starting months, it will be extremely expensive but I think it is worth in the long run. 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'm not sure if mining bitcoin is worth it. Which I know, the tools for bitcoin miners are expensive, not to mention the need for high-specification computers, expensive also in the end. The cost of electricity consumption also needs to be considered.
I did not mine bitcoin, but read an interesting article that was calculated the cost of mining bitcoin, that if the rate is less than 6500 then mining for many will not be profitable! Thus, it can be concluded that the whales are not profitable to bring down the price below 6500.
Jump to: