If you can afford to buy ASIC miner(s) then I think it's worth to try.
It need both time and computer literacy. If you dont have both then just forget to mine Bitcoin.
You can use your fiat money to buy directly Bitcoin in your favorite exchange. It much more easy and profitable at the same time.
Topic: Bitcoin Mining , Is it worth it? - page 9. (Read 2055 times)
That is better than money investing. Because its a one time payment after you bought mining rigs and hardwares. But take care, You need a good place/area to build a mining.
I think yes because I think bitcoin take a tokens in mining now I say mining is worth in bitcoin.
Lot‘s of people mention that the mining difficulty has increased sharply and even daily recently. Is there a way to get some precise numbers or charts? If it‘s not worth why is it so hard to get these Asic miners?
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 think Mining is not a good way to earn at the moment when the imining is difficult of Bitcoin is increasing day by day but it's a safe way to earn Bitcoin cause you'll never being scammed by anyone. But I think instead of investing your money in mining Bitcoin why don't you invest your money to buy Bitcoin directly? I think it's better than mining, you just need to buy Bitcoin then hold and you don't have to care about so many things like when you join 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 !
With the mining difficulty I would say no its not worth. To add to that point everyone is questioning the profitabilty of mining beause of the energy consumption. Bitcoin mining is sucking up so much energy that could power the whole of Netherlands. https://www.newsbtc.com/2018/05/18/study-claims-bitcoins-energy-consumption/
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 !
If you have a free source of energy you will get a profit or breakeven to your investment in short period of time. it is not worth it if you are in the philippine because of expensive cost of energy. You can build your own solar for your source of energy because of the hot climate in your country . 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 will be essential to continue the bitcoin mining as it is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. It consumes a lot of energy and investment. So we need to find other ways to add a transaction to the public ledge. Until then mining cannot be stopped.
To do mining you need to have a huge arrangement. You need to have a huge electricity consumption. Rather you may invest the money to purchase BTC without purchasing mining equipment. I think mining will not be profitable for the beginner.
In the Philippines, its not anymore worth it. Weather is so hot and electricity bill is getting high. But if you have money and a space to spare, well for sure all the bitcoins BTC and altcoins you'll collect will have intrinsic value later on.
Bitcoin treatment also means that you invest in a good machine configuration, which can be very expensive, so the cost of the bitcoin depends on the price of the power. In any country where government subsidizes gas prices, it will be cheaper than other countries
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.
Mining bitcoin is good way to earn money.But here in PH is not good enough for you to put up a mining rig because of high cost of electricity and the temperature is really important.And the equipment is really expensive.Bitcoin mining is not profitable at this moment you must try to invest in some altcoins.
Bitcoin mining depends on in which country are you doing it to some extent. If govt supports you and cost of running bitcoin mining is low then it's worth.
If you have the money to put up a mining rig and can handle the maintenance that comes with it go for it, its a good way to earn cryptocurrency and not only bitcoin. Its like passively generating and you should just monitor it often. Also you have the choice to not only mine bitcoin because its quite a challenge to mine BTC right now, but you still have a wide choices of coins you can mine like Ethereum, Litecoin or any coin of your interest.
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 !
Well, there are alot of ways that could help you decreased your electric bill and also help your miner last for along period of time. You can look for it in different shops.
Mining is worth if the mining rigs are available in the country. Again some more factors matters like the electricity cost and temperature of the country.
Mining in bitcoin is very promising to get bitcoin quickly, but in mining you have to provide the mining equipment with the speed and stability in processing the mine. you also have to prepare a second capital to pay utility bills and the internet is becoming increasingly crazy only smart people manage the finances to avoid losses or not at all benefit.
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 !
If the electricity price is expensive then you will not be as profitable as other businesses. But if you really want to make a lot of money, go to a lot of cheap places to buy.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 !
In addition, the current price of Bitcoin always bring a lot of profit for you. Some people assume that the price of Bitcoin under $ 2k will make you lose. Fortunately, the current price of Bitcoin is $ 8k.
You should realize that the higher the profit or returns generated, the higher the risk involved in such transactions. This is not an exemption to Bitcoin Mining in the real sense of it.
In answering your question, it is like the best way of becoming millionaires in the crypto field is through Bitcoin mining which is emphatically worth investing upon if the capital means, courage of bearing higher risks and mindset of patience is embedded in the investor, because it is highly capital intensive.
It can be mostly enjoyed if you can join other miners forming an Industrial mining section where the purchase of Bitcoin Mining Machines;ASIC[ Accelerated Scientific Integrated Circuits], High power consumption bill, Generating Sets and maintenance and so many other huge overhead expenses are shared among you all, Then the excess Virgin Bitcoins Mined are after patience overtime been shared among you miners. Good-luck.
In answering your question, it is like the best way of becoming millionaires in the crypto field is through Bitcoin mining which is emphatically worth investing upon if the capital means, courage of bearing higher risks and mindset of patience is embedded in the investor, because it is highly capital intensive.
It can be mostly enjoyed if you can join other miners forming an Industrial mining section where the purchase of Bitcoin Mining Machines;ASIC[ Accelerated Scientific Integrated Circuits], High power consumption bill, Generating Sets and maintenance and so many other huge overhead expenses are shared among you all, Then the excess Virgin Bitcoins Mined are after patience overtime been shared among you miners. Good-luck.
It is a good plan especially when your tools are complete, but we all know it's not easy, it is going to be difficult if you do not know how to set-up the tools. If you are from philippines I am sure you will have a hard time and your mining will not be easy because of the expensive electricity charges in the Philippines you probably will not get a bigger profit so maybe 70% of your profit will just go to the electrict bill.
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