Do you think mining is still fair - page 17.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Beargas0 on November 18, 2018, 05:13:54 AM

Mining is officially dead and to me it no longer exists. Now earnings do not pay even the cost of the equipment and I do not see any sense to do it at the moment. This is stupid.

No longer exist? Then what you do called to those things who push transactions as of this moment? Mining isnt still dead only to those people who cant afford to buy one
and profitability would always vary on where you do locate. Electricity is one of the biggest factor of profitability but even on a little bit higher price per Kwh you can still utilize some
coins not the popular ones to be mined but to those who are just starting up or low on difficulty.Just focus on how you would first secure to get the ROI and the rest would be
done without any worries.

rippar

full member

Activity: 602

Merit: 105

Mining is still profitable for a huge farms, which are working in a places with a cheap electricity, for example some stations in China or Syberia.

RobotNIK

jr. member

Activity: 280

Merit: 1

ADAB Solutions First crypto exchange Islamic Cryp

At the moment, the extraction of Ethereum seems to me not yet relevant, for the reason that it will not pay for itself!

HauntOne

jr. member

Activity: 177

Merit: 1

Mining? Ahaha, our Minister of Finance has canceled mining, due to the fact that he is associated with incomprehensible Bitcoins. So we have no mining officially

Beargas0

member

Activity: 289

Merit: 10

FREE Cryptocurrency Decentralized Exchange

Mining is officially dead and to me it no longer exists. Now earnings do not pay even the cost of the equipment and I do not see any sense to do it at the moment. This is stupid.

paveel90

member

Activity: 255

Merit: 10

Quote from: BountySoldier on September 11, 2018, 03:33:30 PM

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?

For me, mining has ceased to be a way to earn money. So I just tune in to completely abandon it and invest in something else. He stopped bringing money now and it can not please

daly896

member

Activity: 434

Merit: 10

BITWIN

For sure no, with current rate of ethereum it is not profitable, you can switch on other coins, but in general mining profit is close to 0 and some miners work in loss!

MelodyCrypto

full member

Activity: 434

Merit: 100

mining can be interpreted as a business "who is strong, will survive" so I think this is unfair, may be because of this factor too now many small miners industry (individual) are starting to sell their hardware and prefer to change profession become traders and investors

eagle123

newbie

Activity: 56

Merit: 0

of course mining is good and fair only if you have a super computers and have well knowledge.

syypro

member

Activity: 368

Merit: 10

I think in the future it will be possible to engage in mining only as an industrial enterprise. Buy a video card and something mining will no longer be relevant.

silver23

member

Activity: 574

Merit: 10

i don't really know about mining but i am not too interesting for this.
mining is throw much money to buy mining engine, i am not a pure man and i think invest and join a bounty campain more better than mining.

Khiceog

member

Activity: 196

Merit: 10

Quote from: BountySoldier on September 11, 2018, 03:33:30 PM

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?

Now a more profitable method for earning is bounty projects. Mining I do not see the way that can passively bring not just a large income, but also a minimum income. I don't like this method

Alijiindahaus

member

Activity: 406

Merit: 11

Quote from: testadimerlo on November 17, 2018, 03:33:19 AM

it seems to me that mining has not been more convenient for several years now. Maybe there is some new project that just deserves to be explored, but certainly the age of mining time I think it's over.

According to some research results of experts in the field of the cryptocurrency market, it can be concluded that the Chinese miners already control more than 70% of the hash rate of the block chain. It seems to me that in this case, the potential control of cryptocurrency in China can have a very negative impact on the future prospects.

testadimerlo

sr. member

Activity: 826

Merit: 263

it seems to me that mining has not been more convenient for several years now. Maybe there is some new project that just deserves to be explored, but certainly the age of mining time I think it's over.

Dilireba

jr. member

Activity: 350

Merit: 1

Mining now require high costs to start as well as you must have some certain knowledge in hardware and code, it's not for newbie.

karramov

member

Activity: 448

Merit: 10

With all the options that exist now we won't be able to live a long time. It is impossible to exist to the detriment of yourself. Something has to change or all this will stop working

iTradeBit

jr. member

Activity: 224

Merit: 1

Deinitely common mining is unfrofitable. We have to do it in different way.

khufuking

sr. member

Activity: 840

Merit: 266

What you mean by fair? If you have money then you can buy equipment and start mining and if you don't have money then you can't and that is pretty fair enough.

If you mean mining is not profitable, then it is not for small miners and for big not just for small miners. Right now the game is to mine and hodl what you mined and if you can't cover your costs right now to be able to hodl the mined coins/tokens it is better to just stop mining for now until market get better.

R9s

member

Activity: 406

Merit: 10

Fast, Smart, Trustworthy

Except for the death of this world, nothing is fair, mining is the same, if you have enough digging power, then you can even change the price of crypto!

ryanfromrethink

member

Activity: 294

Merit: 10

Quote from: BountySoldier on September 11, 2018, 03:33:30 PM

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?

I do not think that mining is one of the best options for earning now. I think it was profitable or about three years ago, or in 2017. Now the fact that the mining machine earns not only can not recoup its cost, but also electricity

Topic: Do you think mining is still fair - page 17. (Read 11590 times)