Topic: Do you think mining is still fair - page 11. (Read 11558 times)
Mining is not profitable anymore. Or maybe it is for some coins or for ASIC miners? It uses too much electricity and it can make your computer die quicker than on a ordinary use.
I think mining was dead (at least as we knew it). Now for normal mining we need ASIC farms. Of course, the ordinary enthusiast has no means to build such structures.
I believe that it is necessary to move to new forms of consensus (for example, PoS, DPoS, etc.).
I believe that it is necessary to move to new forms of consensus (for example, PoS, DPoS, etc.).
No, mining isn't fair enough. Moreover there is something that you can lose here in case you mine in a loss. So think another time before buying mining equipment. Probably it isn't best decision!
mining, for now, is better to stop for a moment. there are many people who feel a loss. however, many of them continue to do mining. They say, they will wait for 2021. so they don't think about the current losses.
Mining is not profitable today, look at the bulletin boards in the world, today miners sell everything they have on the market, I do not think that now is the best time to buy this equipment. Because I do not see the point in further mining.
In addition to the cost of Bitcoin or other coins, given the complexity of operations, mining is now quite difficult. It goes almost to zero. The only way to buy asics but they are more expensive and not the fact that you have time to recapture their full value.
Maybe now mining fair, because in 2017 peoples earn good moneys mostly doing anything.
For people who have very low mining equipment, it is completely waste by doing mining. We have seen recently many people are shifting to other mining because they are facing some difficult issues in order to mature coins. I hope mining is not profitable if you face more difficulty.
Even bitmain has to cut down the work force. That's itself incidate how bad is the current situation of mining right now
It's terrible that a giant would do that but they estimated and calculated on how much they will loss if they won't act with the situation. 
In Q3 2018 market is still a blood bath. A lot of people that involved in crypto losing theirs hopes on a quick moon. ICO market is down. But difficulty of mining is growing up. We need more powerful processors, GPU and so on. Mining was created to give ordinary people get some free coins. Another hand big companies joint into monster to dig more digital gold. Simple person is out of this business. To support a node of ethereum you need more space every month and you get no reward. Do you think its fair enough or we need some new architecture to give mining a new life?
No, i think mining is not too profitable anymore unless your electricity is free or you can get free rigs.
But you may wonder why peoples still mining crypto ? I guess the answer is because they want to accumulating and storing the coins, not selling it yet.
Waiting for the market to recover, and they can sell it later, just consider it is as a savings for now.
Even bitmain has to cut down the work force. That's itself incidate how bad is the current situation of mining right now
Yes, of course mining is still fair, and this will give you good profits in the future, start mining now so that in the future you can get maximum results
In Q3 2018 market is still a blood bath. A lot of people that involved in crypto losing theirs hopes on a quick moon. ICO market is down. But difficulty of mining is growing up. We need more powerful processors, GPU and so on. Mining was created to give ordinary people get some free coins. Another hand big companies joint into monster to dig more digital gold. Simple person is out of this business. To support a node of ethereum you need more space every month and you get no reward. Do you think its fair enough or we need some new architecture to give mining a new life?
No, i think mining is not too profitable anymore unless your electricity is free or you can get free rigs.
But you may wonder why peoples still mining crypto ? I guess the answer is because they want to accumulating and storing the coins, not selling it yet.
Waiting for the market to recover, and they can sell it later, just consider it is as a savings for now.
I think that right now you need to mine for the future, because in the future you will be able to earn good money on it
Mining has always brought and will bring good profits. This is indicated to us by the fact that the extraction capacity of most popular coins only grows and even a fall in the price does not stop this growth.
Cryptocurrency mining is very challenging nowadays because of the very prices of the coins. Imagine how much expenses would a miner have to pay, then expecting to sell those coins at low prices. A lot of miners would stop mining especially those small ones, only the strong and bigtime miners will survive the slump of 2018.
If the complexity of mining grows - this means that no one turns off their mining capacities and everyone continues to mine coins even at fallen prices. Probably everyone has hopes for future growth.
New miners obviously dont come on the market. And the old ones were partially disconnected (we know that bitcoin hashreit declined) The prospects are dubious, and the risks are too great.
i have never have the opportunity to mine except the facuet games. i will love to mine using my desktop. I doubt if mining is still profitable. a lot has been said about Mining. the cost of electricity, hardware,tax ,etc. it is worth giving a trial. will love to venture into mining.
If the complexity of mining grows - this means that no one turns off their mining capacities and everyone continues to mine coins even at fallen prices. Probably everyone has hopes for future growth.
Right now mining is monopolized by the big companies. Mining in the house can't even cover the electricity. However, the purpose of mining was inhibiting centralization.
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