does it worth to start mining now ? - page 2.

decodx

hero member

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🇺🇦 Glory to Ukraine!

Quote from: ItsaWhale on May 17, 2023, 10:37:43 AM

what do you guys think does it worth to start mining now ?

Let's try these few counter questions first:

Do you have access to affordable electricity to support your mining?
Do you have a budget for mining equipment or suitable hardware already at your disposal?
Have you taken the time to evaluate the potential profitability considering the current market conditions, mining difficulty level, and electricity costs?

Once you have answered these questions, you will have a better idea of whether starting mining is worth it for you.

philipma1957

legendary

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'The right to privacy matters'

Quote from: ItsaWhale on May 17, 2023, 10:37:43 AM

what do you guys think does it worth to start mining now ?

It is always time to start mining if you have number one and two.

Number one = cheap power
Number two = a good area to cool and shelter the gear.

Now at this time gear is easy to get.

So you can begin a dca of gear.

buy one unit and evaluate results for four weeks.

then do it again if you like this.

un_rank

hero member

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- Jay -

This should be in the Beginners & Help section which is more focused on basic inquiries, more technical mining questions can go in here.

The merits of mining is relative to your location and the cost of electricity where you are. If you can get cheap and stable electricity and easily purchase mining equipment, then it is worth it if you have the capital to start up.

Do check up the hashrate requirement to run a competitive mining rig and compare that with the cost of buying bitcoin directly to know which is more profitable now, you can combine both means of earning passively.

- Jay -

ItsaWhale

copper member

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what do you guys think does it worth to start mining now ?

Topic: does it worth to start mining now ? - page 2. (Read 217 times)