BTC Mining, Still Relevant ? - page 2.

coupable

hero member

Activity: 2338

Merit: 757

Top-tier crypto casino and sportsbook

Quote from: Asher2020 on August 24, 2020, 07:44:37 AM

Is Bitcoin mining still happening or this is relevant only for new Crypto currencies ?

As you are a newbie, i wish you are not reffering to Cloud-mining. Comments above resumed the actual situation of bitcoin mining. Note that solo mining wasn't profitable since a long time. However, you can still try with some altcoins if you consider investing a large budget to cover costs of powerful rigs and electricity.

Quote from: Asher2020 on August 24, 2020, 07:44:37 AM

Open to being educated privately [email - *******@gmail.com].

I don't advice you to be opened for private discussions. All what you are looking for can be found in public documentations/discussions. Scammers may contact you to convince you buy stuff.

NotFuzzyWarm

legendary

Activity: 3822

Merit: 2703

Evil beware: We have waffles!

^^ Exactly.
BTC mining is VERY relevant. Why on earth would someone think otherwise? If it was not relevant, no one would be mining and then diff would be far far lower than it is (and folks would then start flocking to it).

Can anyone still mine BTC? No. The entry bar is set pretty high as in many parts of the world cost of electricity is too high, temps are to high, ROI time expectations are unreasonable, etc. That said, as long as your operations cost is less than mining income and you are in it for the long game, then MINE ON!

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Asher2020 on August 24, 2020, 07:44:37 AM

Is Bitcoin mining still happening or this is relevant only for new Crypto currencies ?

It is relevant if you have sufficient resources. Bitcoin mining, right now is only worthwhile if you can do it on a large scale. The rising difficulty means that the ratio of returns to your hardware is pretty small. It's not worthwhile unless you have a lot of space and have near free electricity.

If you do have near free electricity, you can squeeze some profits out of secondhand hardware which is still good and double up as a space heater.

Slow death

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

I recommend that you read everything that is being posted here:

https://bitcointalk.org/index.php?board=14.0

I believe that all your questions you will find in the link I gave you. I am of the opinion that if someone is still in the mining business Is because they should make a profit because if they had no profit they would not be in that mining business

Asher2020

newbie

Activity: 1

Merit: 0

I am new to this forum and I have noted some useful value add comments.
Wonder if anyone can help me?
Is Bitcoin mining still happening or this is relevant only for new Crypto currencies ?

Open to being educated privately [email - [email protected]].

Topic: BTC Mining, Still Relevant ? - page 2. (Read 265 times)