Even if you get a little profit in the first year(that`s not profit,because there`s no 100% return of investment),you will have to re-invest your net revenue into maintenance and improving the efficiency.
You can get some real profit after 12-15 years of running that mining farm,but the electricity costs have to be low all the time.
Topic: Have you held in your hands some actual euros and dollars as a result of mining? (Read 168 times)
June 18, 2018, 12:59:38 AM
June 18, 2018, 12:33:02 AM
I don't think now mining would be a good decision.
June 17, 2018, 03:39:45 PM
It is really possible to hold fiat in your hands out of the mining investment. Get into a low coins like monero or zcash but not bitcoins because finding a block is very difficult without a good hardware. I did made some little cash from my old desktop pc with monero but it wasn't a great money .
June 17, 2018, 03:18:49 PM
I am prepared to invest my time and plenty of money in buying a mining PC, and maybe buy some coins, but I want to make sure that there is a chance I might get the money back from my investment, and the best way to make sure is to ask if you personally held some dollars or euros in your hand after changing some BTC's obtained from mining.
I think masternodes are much more profitable alot more risky because there are alot of scams but with higher risk comes higher profit potential the initial investment depends on the project but you could make ROI in the first week/month depending on the project. But be careful there are a lot of scams. Plus the operating costs are much lower than mining POW. With pow mining you have the initial investment plus the electric bill every month and if anything breaks and you need to get replaced out of warranty that will cost you more potential profit. With masternodes you can pay 2.50-$20 per month and make a really good profit check it out. Go to masternodes.online to see all the possible options but like I said HIGH RISK
June 17, 2018, 03:13:59 PM
mining is still very much profitable, but it requires a lot of money to invest in and also requires time, and resilience, so i suggest you give it a good shot and see how it turns out
June 17, 2018, 03:11:39 PM
Right now I don’t think it’s profitable to get into mining since prices are down. But if yo insist then you can get onto n exchange like Coinbase that lets you trade your btc, eth, bch, and ltc to usd.
June 17, 2018, 03:07:21 PM
Of course, I kept the dollars in my hands, received from the booty. But you need to keep in mind that there is a payback of equipment. And now it is about a year. But this is still one of the reliable ways to earn
June 14, 2018, 04:40:39 AM
If for mining there might be a profit because it is the same as we are mining the dollar money, if for investment, we do not know the investment that we follow will be profitable or will be harmful, so essentially, the bitcoin investment, the results can not be expected with certainty.
June 14, 2018, 04:34:17 AM
I am prepared to invest my time and plenty of money in buying a mining PC, and maybe buy some coins, but I want to make sure that there is a chance I might get the money back from my investment, and the best way to make sure is to ask if you personally held some dollars or euros in your hand after changing some BTC's obtained from mining.
I did mine altcoins, one of them was Monero, many years ago (mined some, bought some). I did sell some for Bitcoin, I did exchange Bitcoin for fiat. I didn't actually touch that fiat because I've spent them as bank transfer, but it's good enough I hope.
But it doesn't matter. The mining profitability depends on your electricity price now and the market (which we hope it'll recover, but the truth is that it doesn't look great). And it depends on you. If you want to hold forever, you do that. If you want to spend (sooner or later) you'll spend, there are plenty of way nowadays to spend Bitcoin.
You better start with your electricity price, the specs of the hardware you want to buy and a mining profitability calculator.
Also since you mentioned "a mining PC" you may want to move this thread to altcoin mining.
June 14, 2018, 02:04:12 AM
I am prepared to invest my time and plenty of money in buying a mining PC, and maybe buy some coins, but I want to make sure that there is a chance I might get the money back from my investment, and the best way to make sure is to ask if you personally held some dollars or euros in your hand after changing some BTC's obtained from mining.
Bitcoin mining is still profitable - my friend there in Canada owns 6 farms and she never felt regret about such an investment. And yes, she held those dollars earned from mining in her hands
Certainly, the ROI of mining depends on your location (ambient temperature, electricity fees, local regulations, etc.).
I wish you would provide more details about the initial conditions you are going to mine in.
June 14, 2018, 01:51:39 AM
I am prepared to invest my time and plenty of money in buying a mining PC, and maybe buy some coins, but I want to make sure that there is a chance I might get the money back from my investment, and the best way to make sure is to ask if you personally held some dollars or euros in your hand after changing some BTC's obtained from mining.
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