Is investing in mining still worth it? - page 11.

Erzatium

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Quote from: DomesticTrader on September 22, 2016, 09:04:56 PM

Quote from: Piltover on September 22, 2016, 04:53:43 PM

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Its not profitable and I also think it never ben really profitable because of the fact its just mining.
In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest.

It has been popular to do and it was profitable, it even was very profitable but the fact was that with all these halvings right now its not worth it anymore for small company's or miners.

NordicRanger

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Investing in mining is not worth it anymore but I already knew it was not worth it anymore, its something that was profitable but not anymore due to the halving.

praprata

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Quote from: Piltover on September 22, 2016, 04:53:43 PM

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Right about that, cloudmining is not worth it anymore but I also think that normal mining on a small scale is not worth it anymore because the profit is pretty low.
I think that its not worth it and that you also have to invest a lot to do it...

BingoDog

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I can't say from the first hand because I don't do mining but people I know that are into it are saying thi is no longer profitable unles you have like mining farm. Beware also of cloud mining, many people ended up scamed. But mining some altcoins could be something worth investing.

Kettler

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Quote from: ?? on ??

I Don't think it's profitable to invest in mining anymore and most cloudmining sites are scam too. I think It will be good to invest to some big and legit casino sites instead.

If you know how to build computer, you can build the mining rigs for the altcoin mining. It is still profitable.

AlexBits

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Investing in the bitcoin is worth it really but investing it into mining is not good right now because there can not be made any profit with it anymore.
It would be a bad investment if you are asking me.

BitHodler

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Quote from: lumeire on September 27, 2016, 02:15:46 AM

Quote from: DavidoAlto on September 26, 2016, 07:12:32 PM

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Home mining is pretty much dead ages ago, only a small percentage of enthusiasts can mine profitably.

I've heard BitMain is trying to revive home mining, has anyone tried their new hardware?

You can do the calculations yourself.

If you buy the Antminer S9-B15 which delivers you 12.93TH/s, you'll be able to earn as follow;

Current difficulty
Per day: ~0.01347BTC ~$8.16
Per week: ~0.09434BTC ~$57.10
Per month: ~0.4102BTC ~$248.50

Of course you also have to take in mind your electricity prices.

The price of one of these miners is $1540 or 2.561BTC.

lumeire

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Quote from: DavidoAlto on September 26, 2016, 07:12:32 PM

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Home mining is pretty much dead ages ago, only a small percentage of enthusiasts can mine profitably.

I've heard BitMain is trying to revive home mining, has anyone tried their new hardware?

bhadz

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Quote from: DavidoAlto on September 26, 2016, 07:12:32 PM

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Me either, I don't think investing in mining is not going to be profitable anymore because the competition of miners are tough already and what you need to do if you wanted to become profitable in mining. You need to setup a mining farm in able to get some good weekly profit in mining and you must have a lot of bitcoins to do that.

DavidoAlto

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I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Fatanut

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I don't think it is. The halving just passed and the difficulty was doubled. A lot of rich people have invested on Bitcoin mining, do you think that you can get to their level? Even if you use all of your money right now, you'll never get on to the level of the miners that has a big portion on the total mining power. There's a lot of other investments that you can do like altcoin trading, you shouldn't lock yourself on the idea of mining. Explore other stuffs.

iv4n

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Lets make it clear, OP headline was investing in mining. I think its good to invest in mining, if you live in place where electricity is cheap, if you have fast access to mining equipment, and money to buy all that.
Cloud mining services on other hand are like gambling, you give your money, and all you can do is wait. If you have luck you will make some profit, if not site will crash, and you will lose all you invested there. People should stay away from cloud mining, in the end they will disappear with money. That is the truth about all cloud mining services. Just the lucky ones in beginning have some profit.

crairezx20

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Quote from: newcoins1978 on September 23, 2016, 10:54:15 AM

Quote from: Bitcoinbro on September 23, 2016, 09:50:56 AM

Quote from: DomesticTrader on September 22, 2016, 09:04:56 PM

Quote from: Piltover on September 22, 2016, 04:53:43 PM

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Its not profitable and I also think it never ben really profitable because of the fact its just mining.
In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest.

You are right about it, its not worth investing it right now, I think its better to not just invest in such sort things right now.
The fact is that they are where ponzi's so I think that is already saying enough if I have to be honest.

I also would not invest any money right now into such websites most of them are scammers or start scamming after a while.
I think that you can better invest in something else like a bitcoin casino or something.

I think its good to invest buy your own miner rig mine altcoin that you can make more profit than mining in bitcoin.
This is more safe than investing in any site many promises but scam.. if you have a mining rig you can mine altcoin any altcoin that can be profitable..

newcoins1978

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Activity: 406

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Quote from: Bitcoinbro on September 23, 2016, 09:50:56 AM

Quote from: DomesticTrader on September 22, 2016, 09:04:56 PM

Quote from: Piltover on September 22, 2016, 04:53:43 PM

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Its not profitable and I also think it never ben really profitable because of the fact its just mining.
In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest.

You are right about it, its not worth investing it right now, I think its better to not just invest in such sort things right now.
The fact is that they are where ponzi's so I think that is already saying enough if I have to be honest.

I also would not invest any money right now into such websites most of them are scammers or start scamming after a while.
I think that you can better invest in something else like a bitcoin casino or something.

Bitcoinbro

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Activity: 420

Merit: 250

Quote from: DomesticTrader on September 22, 2016, 09:04:56 PM

Quote from: Piltover on September 22, 2016, 04:53:43 PM

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Its not profitable and I also think it never ben really profitable because of the fact its just mining.
In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest.

You are right about it, its not worth investing it right now, I think its better to not just invest in such sort things right now.
The fact is that they are where ponzi's so I think that is already saying enough if I have to be honest.

el kaka22

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Activity: 3654

Merit: 1165

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Quote from: DomesticTrader on September 22, 2016, 09:04:56 PM

Quote from: Piltover on September 22, 2016, 04:53:43 PM

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Its not profitable and I also think it never ben really profitable because of the fact its just mining.
In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest.

But I believe the things will get changed once bitcoin will get higher price levels. The biggest reason why mining is not profitable, (other than the competition) the price levels of bitcoin. I agree when bitcoin prices will be growing, the competition (hash rate) also will grow, still you will get chances to make profits from mining. Get ready with your ASICs.

DomesticTrader

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Activity: 252

Merit: 250

Quote from: Piltover on September 22, 2016, 04:53:43 PM

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Its not profitable and I also think it never ben really profitable because of the fact its just mining.
In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest.

Piltover

sr. member

Activity: 364

Merit: 250

Quote from: xuan87 on September 06, 2016, 07:48:50 PM

i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky

Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore.
Cloudmining are mostly ponzis too.

Lokfar

sr. member

Activity: 364

Merit: 250

Quote from: demonicsheikh on September 18, 2016, 01:26:44 PM

I don't think investing in mining is worth anything now as its getting expensive day by day Huh

No its not worth it anymore, the fact is that the bitcoin has a good worth but its not so good to be honest.
Mining was back in the days very profitable but rigth now its not anymore, sometimes it cost more than the profit..

newcoins1978

sr. member

Activity: 406

Merit: 250

Quote from: Rockie1234 on September 20, 2016, 12:32:54 PM

The short answer is no.
I have encountered more cloud mining scams than "legit" websites. You can make money but you have to be very patient and hope the website doesn't exit scam within the several months it takes for you to earn back your investment.
Since the bitcoin halving, mining has only become profitable for huge farms. If you are looking to buy an ASIC for fun, that's not a problem, but remember your expenses wlll probably outweigh your earnings.

It's common knowledge today that bitcoin cloud mining made more scam operators rich then customers. Which says enough.
Bitcoin mining operators use the pretense of cloud mining to make themself rich, without even thinking about their customers. It's not for good bitcoin PR.

Topic: Is investing in mining still worth it? - page 11. (Read 12776 times)