Do you think mining is still fair - page 7.

wheelz1200

legendary

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Quote from: kidbounty on February 03, 2019, 03:25:11 PM

Quote from: Pline on January 28, 2019, 04:26:49 AM

Not, I don't think in this way, but you know, some of my friends have cheap electricity and they are in profit. As for me mining is weird at the moment, I know more profitable ways to earn money!

for those who have been mining for more than 2 years, they may still be able to make a profit. but in contrast to those who have just joined, it is definitely not profitable for the high cost of electricity and maintenance to make mining very difficult.

that's why I prefer POS than POW, but unfortunately there are no good coins that have a POS system.

Depends no matter if you start now or 2 years ago, roi depends on a lot of variables one cant predict. Is it harder, yes...is it still worth it, yes in the right conditions.

kidbounty

full member

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HELENA

Quote from: Pline on January 28, 2019, 04:26:49 AM

Not, I don't think in this way, but you know, some of my friends have cheap electricity and they are in profit. As for me mining is weird at the moment, I know more profitable ways to earn money!

for those who have been mining for more than 2 years, they may still be able to make a profit. but in contrast to those who have just joined, it is definitely not profitable for the high cost of electricity and maintenance to make mining very difficult.

that's why I prefer POS than POW, but unfortunately there are no good coins that have a POS system.

veekky

member

Activity: 490

Merit: 10

My answer is no! Mining is in the past. At the moment miners sold out their equipment and they don't have any income. It is not for me, I don't like offline business.

uniquark

sr. member

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Merit: 250

Quote from: Piskeante on January 28, 2019, 04:19:50 AM

mining is dead. At current prices it's really unprofitable no matter what you do. most coins will die without the support of the community. market is dead. The problem is that most of you don't know it yet.

It only dies with most small mining investors. Mining farms in Europe and China are continuing to dig Bitcoin continuously day and night

Ociwiw

jr. member

Activity: 378

Merit: 1

Mining is still profitable, but far from everywhere, and it seems to me there are few such places!

romelitounknown

jr. member

Activity: 279

Merit: 7

Yes of course, who said mining isn't fair? Mining are always fair and still a good investment even in these bear market IMO.

tonibyuzen

jr. member

Activity: 168

Merit: 1

“Justice as a Service Infrastructure”

I think that the POW algorithm is already quite outdated and today, mining has become a business for rich people or groups of people who have the means to buy expensive equipment. In my opinion, the transition of many coins to POS mining will allow more people to become part of the coin community and benefit.

MidnightWolf

member

Activity: 630

Merit: 10

Quote from: renault18turbo on January 28, 2019, 03:33:36 PM

There is a new coin, some of the people call it new bitcoin. It is another anonymous coin - grincoin. I have heard that mining cost is like 0.7$ and the current price is around 10$. Not a bad case so far.

Perhaps you are right, but this information needs to be very carefully checked, since bitcointalk covers quite a lot of information that mining today is not a profitable activity and many miners have retired. Of course, in the first place, this situation was caused by the poor state of the cryptocurrency market, but everything could change.

renault18turbo

hero member

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There is a new coin, some of the people call it new bitcoin. It is another anonymous coin - grincoin. I have heard that mining cost is like 0.7$ and the current price is around 10$. Not a bad case so far.

qwerty1337

jr. member

Activity: 209

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Semi-Decentralized Exchange

We need a new inflow of investments, I think that with the recovery of the market institutional investors will come and there will be active growth

Okity21

jr. member

Activity: 196

Merit: 2

I think that mining is a decision that needs to be made deliberately and carefully.
First of all, it entails financial costs, and you also need to know very deeply the processes occurring in the market.
Without the experience and knowledge of the market features at the moment, mining is very risky.

der_troll

sr. member

Activity: 602

Merit: 251

I do not think that mining is still profitable at the moment, besides you have find a way of how to mine without electricity Cheesy

We all need to wait till the market situation would get much better and if BTC would cost 10k USD again, there would be enough profit from mining for everyone.

dawai asmara

full member

Activity: 686

Merit: 100

This has become a risk to your business because there are no jobs especially in crypto that don't have a problem that only distinguishes bigger and smaller, people like me only spend time because I also don't get results from 2018 until now.

starplaks

jr. member

Activity: 322

Merit: 1

The prospect of mining depends on the cost of electricity, so there are places where mining is just not so much!

Freescan

jr. member

Activity: 397

Merit: 1

I vacuum because I feel lately that mining revenues are not so good, this is very tiring just to cover electricity costs. With a market situation that does not improve is a good time to invest in altcoins, so once in a while let's trade to find additional income.

Pline

full member

Activity: 448

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Not, I don't think in this way, but you know, some of my friends have cheap electricity and they are in profit. As for me mining is weird at the moment, I know more profitable ways to earn money!

Piskeante

member

Activity: 924

Merit: 15

mining is dead. At current prices it's really unprofitable no matter what you do. most coins will die without the support of the community. market is dead. The problem is that most of you don't know it yet.

goodday886

jr. member

Activity: 210

Merit: 5

The Future of Security Tokens

mining is a real high risk. First, u need to spend a lot of money to buy hardware devices. Then u need to choose the right coin. Finally, your equipment will be eliminated, half a year to a year later. It has never been fair, whose hardware equipment is new and whose income is more.

nemey

member

Activity: 658

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Catena X

Well, I have not heard about mining after some months, especially since half of 2018 when the market is going to decrease and collapsing right here. Mining needs the big fee for the daily outcome. But mining coins right now will only get smaller profits because of decreasing price on market. But it depends on what you are doing now and how to manage it.

poodle63

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Leading Crypto Sports Betting & Casino Platform

Quote from: Maamejane on January 27, 2019, 07:22:35 PM

Well I think if it suites your strategy you will go for it so its a personal decision. Well i'm not into it simply because it quiet hectic and requires a lot of experience but I am sure it always worth it if you try.

It's about mining and how can you say that? you need to consider a lot of things before try to become a miner, difficulty, electricity, the price of coin, halving, and more factores need to be considered as the main consideration before we can become a miner, it's not easy as you said.

Topic: Do you think mining is still fair - page 7. (Read 11558 times)