Do you think mining is still fair - page 6.

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: Mr.Spreadthehamster on February 27, 2019, 05:00:49 AM

Currently, mining is monopolized by large companies. The outlook is uncertain, and the risks are too great. However, if there is a source of cheap electricity and some knowledge and experience, then mining is not so hopeless.

Large companies are buying more and more mining rig to create a big monopoly to the any coin. This system is less conservative time to the time and mining will not fair in the future.
POS is our future.

nizamcc

legendary

Activity: 1218

Merit: 1007

A lot of people say that the prey become extinct. But my friends continue to mine various little-known cryptocurrencies and ETH. And do not complain about their lives all satisfied.

Mr.Spreadthehamster

full member

Activity: 518

Merit: 102

Currently, mining is monopolized by large companies. The outlook is uncertain, and the risks are too great. However, if there is a source of cheap electricity and some knowledge and experience, then mining is not so hopeless.

gulshan1

full member

Activity: 630

Merit: 100

Mining of coin is a good decision but it is depend on that which coin are you mining with which hardware with superb hash power. Bitcoin mining is very costly at this time due to the high difficulty level and more consumption of power. If any one mine any coin according to his choice then time will decide that coin will be give the profit in future or not because if coin will not demanded in the market in future then total cost of mining will be wasted and that will be your loss.

dnovsckym

jr. member

Activity: 350

Merit: 1

Mining in some countries is still profitable, and judging by the fact that they are still mine, most likely it is still fair!

HichemFetoui

full member

Activity: 658

Merit: 100

i think the era of proof of work mining is coming to an end not it's time to switch and find a nice masternode or good proof of stake coin to generate passive income

kakonhat

member

Activity: 1106

Merit: 11

Crypto in my Blood

I am not doing mining so maybe I could wrong. I think, the present time mining maybe not profitable although it is, it's not enough because of the bloody trend.

aokiji06

jr. member

Activity: 256

Merit: 1

if mining can be enough with a cell phone, there will certainly be a lot of people doing it, but more and more mining will also make coins cheaper, moreover the function of coins is not fully used by everyone in the world, so the most important thing is that project development and mining must the same so that the function of the coin can be on target

Barabulya

full member

Activity: 450

Merit: 101

in my opinion, the pos was invented precisely to solve this problem. Another question is, how much is it available for implementation? And how long will it take to implement this idea?

Alucard2425

copper member

Activity: 294

Merit: 1

I think mining is still fair in a country that has low cost electricity but in a country with High cost of electricity is a waste of time and money

Igor.J

full member

Activity: 350

Merit: 100

MenaPay - Crypto made easier than cash

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?

Mining in these conditions is not relevant and does not pay. Yes, and well, you said cheap coins, how much you need to spend to get them a little. So little by little but miners are getting smaller.

The Cryptologist

full member

Activity: 546

Merit: 100

If those miners want to make a lot of money, they won't sell it at this year and they wait for things to get better. That's how it's going to be profitable and a lot of miners did that before they sell most of their bitcoin in 2017. Chinese are faithful with btc and with the tech and they will still continue to mine.

Mianae

member

Activity: 798

Merit: 14

Mining is the way out the cost of acquiring the mining rig is huge a random Joe can't afford it not only that, the cost of its maintenance and energy supply is exorbi except one lives in ares where energy supply is constant and free.

jessyj48

member

Activity: 756

Merit: 14

After the bullrun mining profitable decreased and its not worth it for now ,my mining rigs have been gathering dust since then but I have a feeling that if good market price returns mining will be profitable again ,I'm still going to keep my rigs

dodgecharger

hero member

Activity: 1005

Merit: 500

Not only the market for cryptocurrencies, but the market conditions in the entire world are now very low, and the recovery of market conditions should take a long time.

wheelz1200

legendary

Activity: 3780

Merit: 1418

Quote from: minttop on February 03, 2019, 03:46:51 PM

Avoid mining, man! It is something that you have to avoid, because there is no profit at all! For real! Switch on trading, it is much more better!

Trading, you mean day trading? That is not good advise at all. If someone isn't a miner fine, but trading is not the mecca of making money. Buy btc, hold btc, be happy. That's probably the best advise for non miners.

minttop

member

Activity: 574

Merit: 10

Avoid mining, man! It is something that you have to avoid, because there is no profit at all! For real! Switch on trading, it is much more better!

Rostock

member

Activity: 364

Merit: 10

I do not think that mining is profitable now, but I advise you not to look at the situation now, but to think what will happen to the market next, because despite all its growth and decline in recent years, the potential of cryptocurrencies is still not disclosed, so I'm sure that it is worth continuing.

cribusen

copper member

Activity: 490

Merit: 2

Mining is not profitable at the moment. Due to a very high compliance and low prices, almost all major mining services are shutting down, because of the risks of losing money. Unfortunately nobody knows, when it is going to recover.

whirlcoin

full member

Activity: 602

Merit: 111

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?

mining is a good way of money making in once upon a time but seeing the right situation of mining it will not be a advisable job but a some of first you doing and continuing this job still now but then you people will not be advisable to invest in mining type of business because the investment cost will be more higher and the prophet was very very less that's why I am saying this.

Topic: Do you think mining is still fair - page 6. (Read 11590 times)