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Topic: Is it still worth mining bitcoin in 2018 ? (Read 2461 times)

newbie
Activity: 12
Merit: 0
November 02, 2018, 02:11:25 PM
Further investments employ a great gamble. Never gamble with low cash. It may end your life.
Bitcoin mining can still make you earn cash and with some time its value may rise again.

though mining bitcoin in 2018 is harder than any other years.. it is still worth the effort

member
Activity: 184
Merit: 10
November 02, 2018, 12:54:10 PM
mining requires high costs, especially bitcoin with mining is not profitable at all because the costs incurred in using mining machines require a lot of time and money. try trading on several exchanges, of course it will be more profitable
full member
Activity: 338
Merit: 100
November 02, 2018, 12:18:36 PM
maybe for this condition we are looking for safe, that is buying ASIC's and mining bitcoin. because the market has so far been falling in price. and don't forget we are always observant in matters relating to bitcoin, don't let us be careless at all, so that we sell coins at the right time, when the market price is high.
jr. member
Activity: 224
Merit: 1
November 02, 2018, 11:50:31 AM
Mining is not so profitable as in 2017 Undecided
full member
Activity: 630
Merit: 100
November 02, 2018, 11:45:04 AM
Mining of any coin is now now not good and no body can say that coin mining is best. Because if any coin is trading with good value price in the crypto market and you want to mine that coin then so many people are mining to it and mining difficulty level is increasing day by day which also effect to the quantity of the mining coins. Bitcoin mining is not worthy now because bitcoin difficulty level is so high and mining quantity is very less and power consumption costing for bitcoin mining is very expensive as compare to any another coin mining.
copper member
Activity: 280
Merit: 0
November 02, 2018, 09:49:33 AM
Yes we can also mining in Bitcoin in 2018. Blooy we will do the more mining in Bitcoin this time. The more profit we get in the coming time. Because at this time the price of Bitcoin has gone down. Which we will benefit in the coming time.
sr. member
Activity: 1638
Merit: 300
November 02, 2018, 08:20:54 AM
On my opinion, this year mining bitcoin is not worth it because we know how expensive it is and much high in terms of maintenance. But bitcoin mining are still making profit in slow movement.

I do agree that Bitcoin is not worth it to these days not because it is expensive or hard to wait to but because there are a lot of people that are mining Bitcoin and that means you have a lot of rival, and they are not only using a single or two rigs, they are using a lot of them. I suggest that you just choose other crpyto currencies to mine, they are not that hard to mine and has a low miners than Bitcoin.
full member
Activity: 490
Merit: 106
November 02, 2018, 08:12:13 AM
with these day difficulty and price, i think its not worth anymore to mining bitcoin, esspesially if you use cloud mining service. The maintenance fee will eat all of your payout. But if you mine with your own mining rig, maybe you can still mining and keep the result until bitcoin price get higher than now.
hero member
Activity: 1344
Merit: 501
Vave.com - Crypto Casino
November 02, 2018, 08:06:28 AM
My question is if it's still worth buying Asic's and start mining BTC in 2018.

If not mine BTC what other coin is it worth to mine nowadays?

until now bitcoin has not run out in the mine and there are still many people who are mining bitcoin.
of course this is still beneficial for those who have expertise and techniques to deal with such as too much electricity costs.

There still people who mine bitcoin but for a newbie, you have to give time to search what is better for mining. Though the price is expensive for hardware, I think it is still profitable. You have to find what is good for mining because sometimes it just waste of your time and electricity.
I think bitcoin mining has no longer too much profit, and if we are just a newbie, we should not engage in this field, the equipment for mining is too expensive if compared to the past, and the total amount of mining is close to the limit, participants only waste time and money. Professional miners are also planning to move to new locations in the moment because the market situation does not seem so good, the cost of mining and operating the mining system is too high while the profits are not as expected, bitcoin mining has gradually disappeared in this market
hero member
Activity: 1470
Merit: 504
November 02, 2018, 07:17:40 AM
I think it's not good. although there is still a little profit. but for the calculation of the BEP it will certainly be very long. Therefore, if you really want minning, it is better to consider it all
jr. member
Activity: 196
Merit: 1
November 02, 2018, 07:15:55 AM
On my opinion, this year mining bitcoin is not worth it because we know how expensive it is and much high in terms of maintenance. But bitcoin mining are still making profit in slow movement.
full member
Activity: 432
Merit: 126
November 02, 2018, 06:58:11 AM
Before min8ng bitcoins is a big hit that many spends a lot just to buy high end mining rigs. They earn a lot from mining at their investments is returned gradually. But, as of today, mining bitcoin is sure a pain in a**. The high consumption of electricity is also the issue. Due to the decrease of bitcoin,mining is somehow just sucking all your investments without going anywhere. So better do some alternatives while waiting for the bitcoin do its increase again.
newbie
Activity: 31
Merit: 0
November 02, 2018, 06:50:20 AM
Bitcoin digging can be costly as you know it's the cost of electricity and the cost of building bitcoin drilling rigs. So digging bitcoin is for those who have conditions and knowledge of technology
hero member
Activity: 2898
Merit: 567
November 02, 2018, 06:42:15 AM
My question is if it's still worth buying Asic's and start mining BTC in 2018.

If not mine BTC what other coin is it worth to mine nowadays?

You are mining alone, if you are then you are going to lose huge because you are up against big companies with big mining capabilities so better stay away with mining and just contend with buying or holding or do bounty campaign, it's much easier and will not cost you much.
full member
Activity: 1386
Merit: 101
ComboLabs
November 02, 2018, 05:55:20 AM
My question is if it's still worth buying Asic's and start mining BTC in 2018.

If not mine BTC what other coin is it worth to mine nowadays?

until now bitcoin has not run out in the mine and there are still many people who are mining bitcoin.
of course this is still beneficial for those who have expertise and techniques to deal with such as too much electricity costs.
brand new
Activity: 0
Merit: 0
November 02, 2018, 05:27:49 AM
Up to now, It is still worth mining bitcoin because bitcoin mining is very profitable. Miner will not stop mining bitcoin until finish 21 million bitcoin
full member
Activity: 364
Merit: 100
November 02, 2018, 05:27:17 AM
My question is if it's still worth buying Asic's and start mining BTC in 2018.

If not mine BTC what other coin is it worth to mine nowadays?
The difficulty of the network grows daily, there is no worth to mine bitcoin, but in my opinion, Electrum is a perfect coin for mining.
if you are able to make a study and deep research on what you have to mine for this year we cant deny that bitcoin are the best and worth for but for starting there such some good and better than bitcoin if we may ever have to find this for by on our own on what some definition that you could ever be define for.
newbie
Activity: 14
Merit: 0
November 02, 2018, 05:20:04 AM
I think the remaining bitcoin reserves are not much, so mining will be very difficult for you.
sr. member
Activity: 700
Merit: 251
November 01, 2018, 01:42:21 PM
I think it should be profitable with the current price of bitcoin hovering well around $6.3k and miners usually like to hodl substantial portion of their mined coins so it should be ok for now with mining but if the bitcoin price dips more in future then there may be some losses to bear for the miners.
jr. member
Activity: 163
Merit: 1
November 01, 2018, 12:03:49 PM
My question is if it's still worth buying Asic's and start mining BTC in 2018.

If not mine BTC what other coin is it worth to mine nowadays?
The difficulty of the network grows daily, there is no worth to mine bitcoin, but in my opinion, Electrum is a perfect coin for mining.
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