Topic: Is it still worth it to mine Bitcoin now ? (Read 453 times)
Of course it is still worth to mine Bitcoin, but you must have the right hardware for this operation and cheap electricity.
Mining is still a good way to earn quite a lot of money but it requires many things such as cheap electricity, air-conditioned room, a lot of space etc. Also, people who are inexperienced with cryptocurrencies should not start with mining. Beginners should focus on learning the basics of Bitcoin. You have to have quite a lot of money in order to afford an ASIC miner designed for Bitcoin mining.
In order to properly mine bitcoin you need a massive custom built rig or a super expensive pre made miner. Either way it will draw massive amounts of electricity. One business I know of needs a direct line so that they don't have brown and black outs from one of their custom built rigs. You also need to ensure that you can A.) Support your rigs regardless of the price of the coin with some other kind of income or B.) Calculate that the price of Bitcoin will rise in order for you to pay your mining expenses. When you reach this stage it can get very intense. On the flip side, you can do very low scale non intensive mining for a small trickle of Bitcoin and that is a happy medium for the average home user on various sites. Either way good luck!
I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
Honestly, unless you're willing to invest a large amount of capital at once the profit would not be justified. Trading will lead to getting paments on a daily/weekly/ monthly basis whereas mining would be completely o long term so you cannot reap the profits at once. 
I do not think it's worth mining BTC anymore.
I personally prefer daily trading, much easier and, if we exclude the risk, much more profitable.
Good luck BTC
I personally prefer daily trading, much easier and, if we exclude the risk, much more profitable.
Good luck BTC
I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
For me it is still worthy there are still a price in bitcoins and they are still the most successful coins in all the cryptocurrency so they are still worthit because you can still gain money in them. That is the only reason why you mine bitcoins just because of the price and the profit they're giving to you. So if you are thinking that the bitcoins won't giving you much profit you are wrong they just fall a little bit in the market but it doesnt mean that they are falling entirely.
I never mined but I have a lot of ex-miner friend and they all stopped mining, started investing. They were complaining about extreme expenses of electricity, wifi, need to upgrade hardware etc.
Since bitcoin price is low, it is the best time to invest and mine! There are still sites where you can mine free bitcoin.
You just need to be knowledgable. Do some research so you won't be wasting your time and efforr in mining on inappropriate sites.
I agree kak, indeed this time is the right time to become a miner.You just need to be knowledgable. Do some research so you won't be wasting your time and efforr in mining on inappropriate sites.
the problem is that bitcoin prices are still low. so we must take advantage of these opportunities to find the bitcoin as well as possible.
while still down can also reach the advantage when the price will rise again.
Yes bitcoin minning is one of the best way to get huge profit from cryptocurrency and i recommend that you should go for a bitcoin minning because it still has a great value.
Since bitcoin price is low, it is the best time to invest and mine! There are still sites where you can mine free bitcoin.
You just need to be knowledgable. Do some research so you won't be wasting your time and efforr in mining on inappropriate sites.
You just need to be knowledgable. Do some research so you won't be wasting your time and efforr in mining on inappropriate sites.
Yes it is still worthy to mine 1 bitcoin with a high intrinsic value and have lots of different ways to use in bitcoin for a better life.
For me it is still worth it to mine bitcoin if your country havea cheap price for electricity because mining rig would absolutely consume a lot of electricity. So it can be only profitable if your electricity bill is cheap.
STILL worth it for me since the bitcoin price little downtrend so miners are very lucky to have a big chance to earn much when price will continue to up like a bullet train.So mine bitcoin now before it will rapidly rise and increase its value soon.
I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
Go to the site whattomine and count ROI Mining of various crypto currency. Bitcoin is beneficial. The downside is that asic miners have significantly risen in price after the new year. At today's prices, the payback period is 9-10 months. Before the new year, the period was 4.5-5 months. 
Too late for people who do not want to learn, anyone is able to take the opportunity then begin to work according to skill and skills.
Mining requires a large amount of capital, but it is very promising. Just do it today and do not delay it.
Mining requires a large amount of capital, but it is very promising. Just do it today and do not delay it.
I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
if you are at a planning stage, then research options like altcoins mineable with GPUs too. Bitcoin is currently not mineable with GPUs.
What you need to consider is not only the equipment cost (be it GPU rigs or ASICS) but the difficulty (both current and future estimates), electricity costs and obviously future prices.
There are calculators available that do the calculations for you and can tell you when in future you will have the break even point. Google them.
Yes, you can still mine bitcoin - it is late, but not late enough.
Generally saying, mining bitcoin is actually better - because no one knows what the future of Etherium mining will be if it moves to point of stake - which will perhaps raise the difficulty of other alt coins too,
BitCoin on the other hand can be minable with ASIC hardware that you can import from China at a fairly low cost - perhaps one 3rd the cost of a proper Eth mining Rig!
Do consider the electricity costs, the heavy really impossible to bear sound of the Antminer and the heat that it will generate ... but if you can manage all that then yes, BitCoin mining is still possible,
thanks,
Uttoran Sen
Generally saying, mining bitcoin is actually better - because no one knows what the future of Etherium mining will be if it moves to point of stake - which will perhaps raise the difficulty of other alt coins too,
BitCoin on the other hand can be minable with ASIC hardware that you can import from China at a fairly low cost - perhaps one 3rd the cost of a proper Eth mining Rig!
Do consider the electricity costs, the heavy really impossible to bear sound of the Antminer and the heat that it will generate ... but if you can manage all that then yes, BitCoin mining is still possible,
thanks,
Uttoran Sen
It is depend on your electricity, if your electricity is too high, it is not worth to mine bitcoin. If your place has a free electricity then that is a good place to mine bitcoin but of course you also need a capital for you to start to mine.
Bitcoin mining requires a lot of resources, a computer equpment that van accommodate large data and with that it will also require high consumption of electricity. Plus there are software needed for mining but if you think you have those equipment, mining would be good for you.
Bitcoin mining for this is still worth. For me, this is better than claiming in any faucet sites.
FOr me if you have a lot of money why not for me much better to invest in bitcoin or join bounty,gambling,faucets,trading with or without investment try it now don't miss it.
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