I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
Bitcoin is the father of crypto currency and it the only that bring the mining thing into picture before other crypto currency. However, there are always a new of mining bitcoin in other to be profitable and you'll find how onmining section 
Topic: Can I make much money mining Bitcoins? - page 2. (Read 472 times)
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I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
As the difficulty rises it makes it even hard to mine the bitcoins, there is still a chance to make some profits but you would have to invest in the latest mining hardware to achieve that. I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
If the price maintain a certain price you can make good money from mining, but if the price increases so fast, it's wiser to invest in bitcoin rather than just mine it.
I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
The bitcoin still left just 20% of total supply and more mimers raising so thats why now difficult to get profit from mining.
To be fair, the rarity of decent results through mining today, makes the investment for the gear required, to leave a bigger hole in you pocket than the actual profit.
Too many miners.
The difficulty gets higher. It is impossible now to profit from it.
Even the return of investment will be hard to get.
You might want to mine other currency than bitcoin. Just an option if you are really into mining.
The difficulty gets higher. It is impossible now to profit from it.
Even the return of investment will be hard to get.
You might want to mine other currency than bitcoin. Just an option if you are really into mining.
As in many business matters
Often the income depends on the investment
If you can afford it, I think you will succeed.
Often the income depends on the investment
If you can afford it, I think you will succeed.
Bitcoin mining is a competition. But now look at the mineral, they are so many people that I do not know that I am much more than every miner now, but I thought last year, I have heard a miner. Now more than mining is happening since last year.
I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
yes actually has a lot of bicoin it is very tasty, but now to make it very difficult. I do not know, maybe with the rise of prices that raced like this so it is quite difficult to have a lot of bitcoin .. 
I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
Of course you can earn a lot of money on bitcoin.But you should know that as in any other business, the more you invest, the more you earn.
Without investing money you will not get anything.
I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
To be frankly, it's 2018, the competition and difficulty to find even a 0.001 Bitcoin is hundred or even thousand times harder, compare with 2009. Unless, you have over 6 digit of initial capital or you're open up your own mining farm - else, it's better to buy Bitcoin than mining it by yourself~
Mining altcoins could really make more profit that of bitcoin at this time. Though people say sacrifice, but in mining it could really not make any sense because the more you spend on mining-the more expenses you've got.
If you are rich enough to open a mining farm, the and then only you can earn money from bitcoin mining. Things have changes since last one and more years, bitcoin has crossed $15000 mark. Bitcoin transaction charges have increased a lot. Electricity is the major expense of mining firm, if you have electricity cheaply available in your country then you will be profitable in bitcoin miming business. If you don’t have this then do not go for mining business. Instead invest your capital in bitcoin trading exchange. It will definitely have you good profit.
As much as anyone else, I guess.
Of course you can. But it will take a lot of time.
Difficulty of mining has gone up so high such that you need a machine with insane high speed in order to even get a pie. And then, if you just managed to break even after deducting the electric costs then why mine?
I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
mining bitcoin need a lot of resources, maybe with high diff that people said that mining bitcoin not profitable anymore, but if you want to you can mine altcoins, or ETH with GPU,
Im gonna be honest and just tell you the short answer. Its no, for most people, unless you have a spare 30k lying around to fill a huge room full of mining rigs at the cost of 1-2k per each rig, you need around 10 rigs to even make a decent profit.
I think you need more than "a bit of hardware" in order to make a bit of difference.
it depends on your investment.. The more you invest the more you get
I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?
The reason why mining bitcoins is not so profitable nowadays is due to the increase of difficulty in mining. The difficulty comes in when there are many mining farms who compete with each other to solve blocks. The lesser the hashpower means less mining productivity, in the end it become the battle of the strongest hashpower.
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