Topic: Bitcoin Price 1200 USD Means - Bitcoin Mining Is Profitable, Even For Beginners (Read 5083 times)
April 29, 2017, 06:05:56 PM
Yes but when the price goes up it's because the difficulty goes up too and the amount of miners so it's not fair to say that. I think it is a much better idea to mine altcoins or even to rent miners is better. Mining you must worry for electric costs and if the miner breaks you pretty much screwed. Make sure there is no downtime. Unless you doing it in Mass the pain of running a farm is not worth it.
April 29, 2017, 09:28:52 AM
I don't think so, unless you already have all the miners ready and some free power you're not going to see profit.
April 26, 2017, 07:52:39 AM
Mining rigs are quite expensive. Actually I was planning to buy a few, but then I gave up the plans after finding out that the equipment is extremely expensive. On top of the rigs, we need to find money for electricity and cooling equipment. So instead of purchasing mining equipment, I directly purchased BTC from an exchange site.
April 26, 2017, 03:01:40 AM
It's still way to risky to try mining for Bitcoin...in my opinion at least. It will take a few months (at least) to try to earn back enough BTC to pay off the hardware. The big issue is that SO MUCH can happen in the crypto world that it becomes risky.
You're essentially better off buying BTC with whatever money you would have spent on mining hardware.
Again, in my opinion.
You're essentially better off buying BTC with whatever money you would have spent on mining hardware.
Again, in my opinion.
I respect opinions like this but realistically, any newbie can try and mine bitcoin without much risk (e.g. if they already own a decent GPU).
Besides, most if not all predictions/analysis/projections point towards the fact that bitcoin price is rising and will continue to rise. Where is all the negativity and skepticism coming from?
April 26, 2017, 02:36:22 AM
Bitcoin mining is always profitable if you have high tech equipment.
Absolutely false. Even with "high tech equipment", it is only profitable if the cost of electricity is low enough.
The high tech equipment give you good profit and you will cover all your electricity expense with profit.
April 26, 2017, 02:23:59 AM
Bitcoin mining is always profitable if you have high tech equipment.
Absolutely false. Even with "high tech equipment", it is only profitable if the cost of electricity is low enough.
April 26, 2017, 01:05:15 AM
Bitcoin mining is always profitable if you have high tech equipment. Price is growing and growing day by day some of experts predict the price will rise upto 2000$ per bitcoin end of 2017
April 24, 2017, 01:14:53 PM
It's still way to risky to try mining for Bitcoin...in my opinion at least. It will take a few months (at least) to try to earn back enough BTC to pay off the hardware. The big issue is that SO MUCH can happen in the crypto world that it becomes risky.
You're essentially better off buying BTC with whatever money you would have spent on mining hardware.
Again, in my opinion.
You're essentially better off buying BTC with whatever money you would have spent on mining hardware.
Again, in my opinion.
April 24, 2017, 01:11:44 PM
Did minning is good sollution for beginner to earn btc? Because i read some thread and it explain need much cost to minning bitcoin.
Really i just can't believed tat beginner can start mining bitcoin for real without a good learning how to start a mine ? Some of mining will cost $2000 to $3000 dollars but for those newbie i recommend that use faucet instead of thinking about money there are many ways on how can earn bitcoin with less experience all can learn by the time past. April 24, 2017, 11:48:03 AM
Did minning is good sollution for beginner to earn btc? Because i read some thread and it explain need much cost to minning bitcoin.
April 24, 2017, 11:40:27 AM
i think, for mining bitcoin now is not profitable because the Diff is to damn High, i not recomend you to mining bitcoin now, but you can mining other cryptocoin with the low Diff and still make you profit.
#minexcoin.com
The mining does not work like that, it is always profitable but only if you can meet some requirements, but if you cannot- then you should not even consider it as some kind of an investment.#minexcoin.com
Without really cheap electricity, or some different power source such as renewable energy e.g from wind powerplant, you want be able to get decent returns every month, you will just probably waste your money for the electricity costs and mining machines.
You also should never involve yourself in mining, if you are not into technical stuff, such as coding, programming etc. It is because you need to have knowledge about the whole bitcoin and blockchain, and it is very important to know what is the most efficient way to use your mining rigs. Without that, you will be just a pimple for other people taking part in the mining competition.
April 24, 2017, 11:28:25 AM
It's no longer profitable for most to mine unless they have extremely cheap electricity which especially in America is really hard to come by.
yes true, mining bitcoin now is really not recomended, because few factor like cost for electrical and etc.#minexcoin.com
April 24, 2017, 11:26:13 AM
i think, for mining bitcoin now is not profitable because the Diff is to damn High, i not recomend you to mining bitcoin now, but you can mining other cryptocoin with the low Diff and still make you profit.
#minexcoin.com
#minexcoin.com
April 23, 2017, 08:16:18 PM
I may be wrong but I don't see any connection to the price of bitcoin and the mining being profitable again (lower difficulty?). :/ Don't think that bitcoin mining will be profitable until maybe some better miner is introduced? You'd be better off mining some alt-coins instead of bitcoin.
April 23, 2017, 07:17:16 PM
It's no longer profitable for most to mine unless they have extremely cheap electricity which especially in America is really hard to come by.
April 23, 2017, 07:15:21 PM
No . it is difficult to profitable.
Altcoin mining better than bitcoin mining.
bitcoin difficulties and some increased fees will eat u.
increased fees should scream good business for miners especially that there is a recommended floor price(fee) of 0.0001btc which has changed for some time and wont be reduced anytime soon maybe not until the price goes 5fold but better mine altcoins for maximsed profits Altcoin mining better than bitcoin mining.
bitcoin difficulties and some increased fees will eat u.
April 23, 2017, 03:44:52 PM
Is it worthy to invest into a USB miner at the moment?
I have the same question. They are inexpensive, and easily available when compared to the mining rigs. But are they worth the money and effort?
If you talking about the sha256 algo block erruptors then no that will not be good and never pay you back. It will cost more then you get back. I'm unsure of you get us block erruptors for other algos but that would be my best bet. I'm also interested in getting one but o ky for altcoins. Though I'm pretty sure if you can use block erruptors that asics will just blow us out of the water or other better block erruptors if asic is not an option .
April 22, 2017, 02:30:24 PM
of course its profitable, but you have to wait approximately 1 year
That is not like that, you have to wait about 1 year but only if you mining project is already launched.First of all, it is profitable only for a big players that are able to invest big piles of bitcoins into it, or just large quantities of cash.
Otherwise, you are not going to make the profit because the difficulty will still rise with every new machine starting mining, and the halving is getting closer and closer.
Bear in mind two things: don't go into bitcoin mining if you are not ready to spend at least dozen of thousands $, and dont go into bitcoin mining if you dont have cheap electricity.
April 22, 2017, 02:17:11 PM
1300 tops until segwit implemented
April 22, 2017, 11:44:59 AM
of course its profitable, but you have to wait approximately 1 year
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