Is it still worth it to mine Bitcoin now ? - page 2.

sheryl26

full member

Activity: 322

Merit: 100

Quote from: unlimitz on January 21, 2018, 04:12:44 AM

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.

fishball

member

Activity: 336

Merit: 10

Quote from: unlimitz on January 21, 2018, 04:12:44 AM

I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?

What you need to do is to not just ask others for suggestions to help you. You should "do" it not just "try" it. I there's no harm on doing it now i is just that, it is still better you have invested years ago than today but maybe, bitcoin today may surpass its last best years.

Desscount

full member

Activity: 1386

Merit: 101

ComboLabs

Quote from: unlimitz on January 21, 2018, 04:12:44 AM

I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?

I don't really know about the science of mining. but I think, mining is still needed. some of my friends do mining and earn enough in terms of profit. if you want to try, you can visit the boards of mining in this forum. there is a lot of knowledge that you can get to add insight.

West0813

full member

Activity: 504

Merit: 100

Mining bitcoin now is so hard nowadays. Its not worth it to mine bitcoin now here in our place because of high price of electricity. And its hard to maintain a mining pool.

hadveach

full member

Activity: 448

Merit: 102

I think nothing is too late. Successful people always make good use of the time left. of 21 million bitcoin, left today is 4 million bitcoin, and this is your golden opportunity to get bitcoin. some people are already successful with bitcoin mining, I think you can be a part of them.

currencydesigner

newbie

Activity: 84

Merit: 0

Bitcoin mining has grown from a handful of early enthusiasts into a cottage industry, into a specialized industrial-level venture. The easy money was scooped out a long time ago and what remains is buried under the cryptographic equivalent of tons of hard rock.I think only those with specialised, high-powered machinery are able to profitably extract bitcoins nowadays. While mining is still technically possible for anyone, those with underpowered setups will find more money is spent on electricity than is generated through mining.

shoujiuhaituo7

jr. member

Activity: 210

Merit: 3

I think it's better to buy and sell bitcoin than mining bitcoin.

As long as you buy when the price of bitcoin goes down, you can make money by increasing your price to your satisfaction.

. It's never too late to join a bitcoin.

Pandacomel

member

Activity: 119

Merit: 14

in my opinion, it's not too late and still worthy to mine in bitcoin, because I believe the bitcoin price will rise again. This is because investors are likely to reinvest in bitcoin even though its price is still falling. I do not think it's a loss if we keep it down even if prices are down.

Vatimins

sr. member

Activity: 987

Merit: 289

Blue0x.com

Quote from: unlimitz on January 21, 2018, 04:12:44 AM

I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?

Well, if you take the time to study Bitcoin and how it works, then i think you will get the answer that you are looking for. Go ahead, try it. I promise you, with a little effort comes little rewards, but with greater efforts, then the greater the rewards will be. But hey, that's completely your choice. Oh well, just go and check your resources. Add them all up and subtract it with yiur monthly income in mining. Doing so will make you see if you have gained profits or not.

mc.craigsvictor

jr. member

Activity: 238

Merit: 1

Bitcoin mining always worth . but its need a lot of mining equipment also . try to manage cheaper electricity costs. Otherwise it will not profitable

temdevs

newbie

Activity: 39

Merit: 0

Bitcoin mining requires miners and very cheap electricity in order to be profitable. You can easily compare profitability on the internet.

Vladv26

full member

Activity: 321

Merit: 102

OrangeFren.com

Its still worth to mine bitcoin if you have good enough equipment for that. I doesnt worth to mine bitcoin with a laptop or pc,even if them are pretty good ones because you will lose more of the electricity and also your time. In order to get a good amount of bitcoin you need to buy a few ASICs and let them work all day long because bitcoin becomes harder to mine ans you cannot make profit in just a few hours. I recommend you to find a good altcoin that have a good pontential and mine it because it is a lot easier and the price of that coin could go up in a few weeks and you make a higher profit. Also, for altcoins you dont need to invest a lot of money because one Antminer S9 wich costs about 2000$ will be enough to mine most of the coins.

marcuslong

legendary

Activity: 1036

Merit: 1002

Quote from: unlimitz on January 21, 2018, 04:12:44 AM

I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?

Well, In my opinion, Maybe you're not late but you missed some chance that you wi gain a lot of money and profits. Mining is good for every one. But mining is so expensive. It requires you to have a Computer, laptop or any gadget that has a high specifications. Mining bitcoin is good but mich better if you will mine altcoins. You will gain a lot of profits by mining altcoins then convert it to Bitcoin. You will gain a lot of money bitcoin you should consider your electricity cost.

vv181

legendary

Activity: 1932

Merit: 1273

why wouldn't it be. Bitcoin mining is still profitable for now if you consider your electricity cost, you may have a chance to make a profit if your electricity cost is cheap. The real thing to consider is Bitcoin mining is dirty, its contain a lot of CO2 emissions.

mr.bean865

newbie

Activity: 130

Merit: 0

Quote from: jeluhtajem on January 21, 2018, 09:54:32 AM

yes, because at this time bitcoin is still not fully owned
and the estimate will be exhausted by 2040, if you have a plan to mine you immediately, because now the number of miners more and more.
You should also consider your resource factor, because mining is expensive, and the problem is the cost of electricity

Yeah in my opinion its best time to start mining or precisely its best month to start mining because after the sixth month this year we will see the same trend of increment in rates of bitcoin just like 2017 and you will be glad at your decision then.

jeluhtajem

member

Activity: 252

Merit: 10

yes, because at this time bitcoin is still not fully owned
and the estimate will be exhausted by 2040, if you have a plan to mine you immediately, because now the number of miners more and more.
You should also consider your resource factor, because mining is expensive, and the problem is the cost of electricity

Direwolve735

full member

Activity: 448

Merit: 232

Bitcoin has not been mined on home computers for a long time. For its extraction, not CPUs or video cards are used, but ASICs like Antminer S9. Mining of crypto-currencies can now be regarded as investing money in a certain financial instrument with an uncertain payback, unclear expected profitability and non-zero cost of services. It's too late to invest in bitcoin mining, in the untwisted alternative currencies Ethereum and Zcash - most likely, too. Successful may be the mining of a new crypto currency, but here too one can not guess and not even discard even the costs of electricity.

bitfocus

member

Activity: 532

Merit: 15

Best and Top notch ASICs, super cold weather to minimize cooling cost and super cheap electricity could give you real business and would cost you huge to build a successful one that generates good speed of coins.

RamBahadur.Gurung

sr. member

Activity: 457

Merit: 262

There is nothing wrong in mining Bitcoins, if you have enough capital to invest. It is just like any other business venture. But at the same time, Bitcoin mining profitability has declined quite a lot recently.

izanagi narukami

legendary

Activity: 2030

Merit: 1028

Quote from: unlimitz on January 21, 2018, 04:12:44 AM

I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?

It's not worth anymore except you able find the efficiency cost that IMO difficult to find recently.
As I know bitcoin is still expensive but if you're try to mine cheap altcoin, you may gain some profit from them but not in bitcoin.

~I prefer invest rather than mining, recently

Topic: Is it still worth it to mine Bitcoin now ? - page 2. (Read 444 times)