Is investing in mining still worth it? - page 7.

shinratensei_

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Quote from: Kettler on October 22, 2016, 12:33:32 PM

Quote from: Altynbekova on October 21, 2016, 12:10:08 PM

Depending on what kind of coin your mining, if you are mining on altcoins its still worth it without any doubts.
But I think mining on bitcoins is not worth it anymore to be honest.

It depends on the electricity price. If your electricity price is lower than most of the big farms, you can mine.

Totally wrong, you need for considering the difficulty of the every coin in this time, I guess having a different difficulty for mining, but the altcoin is not in the high difficult and I think if it's still profitable in this time without considering about the cost of electricity in your place.

mixan

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I was thinking of getting into mining but into ethereum (the one that is increasing well and not the other one, classic one I think). Would be looking into buying some gfx cards and not letting it get out of hand. So one board with 4 cards would be it for me if I ever get into mining.

BitHodler

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Quote from: Kettler on October 22, 2016, 12:33:32 PM

Quote from: Altynbekova on October 21, 2016, 12:10:08 PM

Depending on what kind of coin your mining, if you are mining on altcoins its still worth it without any doubts.
But I think mining on bitcoins is not worth it anymore to be honest.

It depends on the electricity price. If your electricity price is lower than most of the big farms, you can mine.

Electricity rates are important for sure, but it doesn't depend just on that.

It's the combination of many factors that you have to take into consideration when you are planning to start up a (small) mining farm. And yes, electricity is one of these factors.

In order to get yourself in the green (as in making profits), some sort of mining farm is in fact a necessity with the difficulty constantly breaking previous highs.

Another thing is that you need to remain competitive in order to maintain your position at the same levels by adding extra hash gear to your farm.

darklus123

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Quote from: wikenpp on September 06, 2016, 01:28:03 PM

Quote from: darklus123 on September 06, 2016, 10:30:58 AM

If you want to earn work hard for it. Mining is a good source of bitcoin but if you don't have the capacity to do it because your pc has poor quality then just don't force it. If you do cloud mining only the owners are the benefactor so i suggest you study trading still risky but worth it than cloud mining.

Working is the way to go. And I know that mining is not an easy thing, since you have to monitor your hardware and make sure to change/replace settings/equipment.
But having bought miners i can say there is no more money to be made in that scene. The big boys who can buy cheaper electricity and miners can make some money but for the home miner, mining is over. A couple of years now.

Absolutely it was just so unfortunate sometimes that our countries can certain affects for the things that we could possible do. But the thing their is that we do have acceptance. I guess that it was also the main reason why cloud mining was build and was just being used by scammers.

NielsB17

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Quote from: pandalion98 on June 24, 2016, 02:29:59 AM

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

HashNest pays really little, i recommend hashflare.
Always pays me instant, get a confirmation thru email so nobody can steal your BTC (unless they know ur email password)
I have been paid always on time hashnest i lost on alot.

Kettler

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Quote from: Altynbekova on October 21, 2016, 12:10:08 PM

Depending on what kind of coin your mining, if you are mining on altcoins its still worth it without any doubts.
But I think mining on bitcoins is not worth it anymore to be honest.

It depends on the electricity price. If your electricity price is lower than most of the big farms, you can mine.

Altynbekova

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Depending on what kind of coin your mining, if you are mining on altcoins its still worth it without any doubts.
But I think mining on bitcoins is not worth it anymore to be honest.

BitsandBites

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Yes its still worth it if you are doing it in the right spot as a example mining with a good altcoin can be very profitable for sure.
Altcoins are these days good and can provide you a large amount of profit by simple mining.

michellee

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if the cloud mining is the option to mining, then i will say that its not really worth it if we still mining bitcoin, but if we trying to mining altcoin, then i think its worth it but its depend on how much of hashrate you have in your account. because the more big hashrate you have, the more coins you can mining and you can get profit with that coins.

but if you want to mining with real hardware, then you should calculate the fee of electricity first then if you can handle it, i think you can go for mining but don't mining bitcoin, just mining altcoin.

Minerjoe

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The only profitable option I have tested is Hashflare scrypt contracts. Mining Litecoin s much more profitable. Let me know if you need help or have more questions.

JITENDERPAR3

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Quote from: pandalion98 on June 24, 2016, 02:29:59 AM

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

in my opinion in the current time no one is best way to get profit from such type of things .
since hashnest is not new but it is also from long ago and i think you got your return of your investment then it is like a gold .
but i think to start again with new investment , is not a cool idea .
you should take earning profit of only your previous power .

crazyivan

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Sure it is. An ordinary home rig with 6 ATI 480x GPUs can generate something like $11 per day. Depending on your electricity price, you can reach ROI in about a year. Show me some other business or investment opportunity where ROI is 1 year or under. In the world of investments, 3% a year s considered a very sound and acceptable option.

So yes, I d mine a lot at home if I could.

FabioDelcatto

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Investing can be okay because these altcoins are still profitable to mine and I think the profit is pretty nice you can make with them.
With the bitcoin itself its a whole another story, I think that its not possible with that one honestly.

JeffBrad12

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Quote from: Superzpay on October 16, 2016, 06:33:07 PM

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Please you can let me know about the cost for building the solar panel, right? i never think if the building a solar panel is so cheap in this time and i never believe with that in this time. because for building the solar panel is so taking a much of amount in this time. you're so correct if we are be able for get a free energy with that but we are need for considering or calculating with the capital for building the solar panel.

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Quote from: Piltover on October 18, 2016, 06:00:28 PM

Quote from: Erzatium on October 18, 2016, 12:40:47 PM

Quote from: Superzpay on October 16, 2016, 06:33:07 PM

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Indeed the fact is that the miners are paying a lot of money for the electricity and that is the problem of mining.
I think that mining is still worth it but I would not do it with the bitcoin anymore.

Mining is good and I think that its profitable and worth investing in it too but with the bitcoin its not worth it anymore indeed because of the fact that its not something that is easily done and due to the halving the gaining are not even profitable anymore..

Well for now its still profitable to mine bitcoin depends if what place you live and i think if you are starter.. better to wait bitmain to release a new hardware so that you can mine latest and highest speed miner than miner s9..
I there is other miner that can mine more than 14 th/s.
Or for alternative build a miner rig or GPU mining to mine altcoin is more profitable since you can convert to other altcoin if you experience low revenue for every mine..

mrcash02

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Quote from: Piltover on October 18, 2016, 06:00:28 PM

Quote from: Erzatium on October 18, 2016, 12:40:47 PM

Quote from: Superzpay on October 16, 2016, 06:33:07 PM

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Indeed the fact is that the miners are paying a lot of money for the electricity and that is the problem of mining.
I think that mining is still worth it but I would not do it with the bitcoin anymore.

Mining is good and I think that its profitable and worth investing in it too but with the bitcoin its not worth it anymore indeed because of the fact that its not something that is easily done and due to the halving the gaining are not even profitable anymore..

It's good and profitable for big business. They can make a big investiment and buy many equipments at same time (cheaper), they have special places to set their equipments (cold places), so they can make profit with it mining in big amounts. But for small miners I think this kind of investiment doesn't worth anymore. Alone we can't compete with a big business specialized on it.

Piltover

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Quote from: Erzatium on October 18, 2016, 12:40:47 PM

Quote from: Superzpay on October 16, 2016, 06:33:07 PM

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Indeed the fact is that the miners are paying a lot of money for the electricity and that is the problem of mining.
I think that mining is still worth it but I would not do it with the bitcoin anymore.

Mining is good and I think that its profitable and worth investing in it too but with the bitcoin its not worth it anymore indeed because of the fact that its not something that is easily done and due to the halving the gaining are not even profitable anymore..

Erzatium

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Quote from: Superzpay on October 16, 2016, 06:33:07 PM

For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

Indeed the fact is that the miners are paying a lot of money for the electricity and that is the problem of mining.
I think that mining is still worth it but I would not do it with the bitcoin anymore.

Superzpay

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For more of the miners the only problem is high cost electricity so if you will have a cheap electricity or you will be able to manage for solar panel (free electricity) then yes it is worth and you will earn some good profit with mining. But stay away from cloud mining.

SANALIU

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don't invest in cloud mning
because majority not real mining only scheme ponzy, only wait to scam
is good self mining, but altcoin is good mining, very dificult still low is new coin

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