Is it still worth mining bitcoin in 2018 ? - page 11.

#dhabitamartha

member

Activity: 673

Merit: 10

Quote from: TitanAI on January 25, 2018, 04:06:45 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?

I think if bitcoin can buy bitcoin and smart people only if this happens to manage bitcoin only in the area of bitcoin experts and technology while like me it is difficult to get bitcoin.

londawzen

member

Activity: 120

Merit: 10

I believe that all??? is worth. I'm still looking at bitcoin mining. Because closer to the new year it will begin its growth. If not bitcoin, you can produce Litecoin, Dashi, too, good coins.

nisya

member

Activity: 318

Merit: 10

I am not sure about this because from my friend story, he needs to pay a bigger electricity fee and he cannot earn a big profit in his vga. But I don't know what is happening with the largest company or people who are using more than five rigs at the same time. But I guess their profit is not too big depends on the last year and I think their profit decreased too deep.

ngalamunan

full member

Activity: 332

Merit: 100

Quote from: Teebass001 on October 02, 2018, 04:52:16 AM

Nah mate. Mostly it's a waste of time and effort. Bitcoin mining requires a lot of resources which are usually not within the means of an individual. You can try your hands on mining shitcoins with low difficulty level

Yes, it is up to you to mine or not to mine, and you have to use expensive machines and lots of capital if you do not have it. My advice is that no ocit mining than you will lose. and even waste time if we always invest without capital

Teebass001

jr. member

Activity: 110

Merit: 1

Staker.network - POS Smart Contract ETH Token

Nah mate. Mostly it's a waste of time and effort. Bitcoin mining requires a lot of resources which are usually not within the means of an individual. You can try your hands on mining shitcoins with low difficulty level

abhi777

full member

Activity: 457

Merit: 100

Quote from: fipper on October 02, 2018, 01:02:36 AM

Quote from: TitanAI on January 25, 2018, 04:06:45 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?

mining requires a lot of capital in its investment and at the moment the results do not promise profit and I think with the current conditions trading with patience and confidence will be more promising

I think, if we do not know how to mine, it is better not to mine because there are a lot of costs. but if you have capital you can learn to mine. the point is just patience.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: TitanAI on January 25, 2018, 04:06:45 AM

My question is if it's still worth buying Asic's and start mining BTC in 2018.

I think that for individuals it worth only if they have dirt cheap electricity. Else they have better chances by only investing.

Quote from: TitanAI on January 25, 2018, 04:06:45 AM

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

What is better to mine is hard to answer today, since the market is down and the alts have really suffered a lot. Ethereum was the usual "safe to mine" coin, but it may not be the case anymore. Monero price is also quite low. So.. it depends more on what coin the miner thinks it will rise faster. Again, investing may be better for now, until we see where the market goes and which altcoins will actually rise again.

richman3451

jr. member

Activity: 224

Merit: 2

it seems to me that in 2018 the market fell so low that you should not spend more on electricity and other costs, but if bitcoin starts to grow you will justify all your expenses

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: MAJICOIN on October 02, 2018, 02:15:06 AM

I have read many material on mining but i come to this point that mining bitcoin is very expensive in 2018 and that's why mining is very rare in the world because everywhere the cost is more than it's benefit so i want to say that we should move to other coins mining and in 2018. In my opinion bitcoin is very risky so we should start investing in other projects as well.

It's expensive considering the ASIC miner that you have to purchase and the location where you are going to mine by estimating the cost of electricity.

Bitcoin is risky? well it has been said many times and if you think that its risky then don't invest on it. You should consider investing in other projects? well good luck, most of them now are scams and if you don't want to stick to the king of all crypto's its up to you.

alonelyorange

member

Activity: 532

Merit: 10

Mining bitcoin when all of crypto price have down is not good ideas, I think we have find other way how get much profit with altcoin or bitcoin. we buy mining tool with higher price but we only get small reward from mining and it so bad.

spadaccino

jr. member

Activity: 183

Merit: 2

It really depends on how much you pay electricity bill - if you are in Canada or other north land where you get a low temperature all months of the year you can be fine and you can still earn. BUt be careful because also the ring tend to cost more and more while the computation to resolve is getting very extreme. So choose wisely - it was supposed to be kinda fair but in the end I think only such a big cooportation or rich peolple can handle this situation. You have to spend money to get money

primeminer

sr. member

Activity: 424

Merit: 250

Quote from: MAJICOIN on October 02, 2018, 02:15:06 AM

I have read many material on mining but i come to this point that mining bitcoin is very expensive in 2018 and that's why mining is very rare in the world because everywhere the cost is more than it's benefit so i want to say that we should move to other coins mining and in 2018. In my opinion bitcoin is very risky so we should start investing in other projects as well.

I have 4 racks of miners for ETH and BTC coins. and I will provide conclusions that I have experienced in 2018 which miners get very little profit because coin prices are decreasing, while the electricity needs of the machine are stable so that the profit gained is little. for now, it is better for you to trade because it is more profitable.

MAJICOIN

full member

Activity: 364

Merit: 100

I have read many material on mining but i come to this point that mining bitcoin is very expensive in 2018 and that's why mining is very rare in the world because everywhere the cost is more than it's benefit so i want to say that we should move to other coins mining and in 2018. In my opinion bitcoin is very risky so we should start investing in other projects as well.

Ava Duvall

jr. member

Activity: 154

Merit: 1

Quote from: gesdan on September 30, 2018, 08:26:24 AM

some people said that the profit is small, and it will return in 2 years and more, but if you want to try you can try it by yourself, or if you have a rig you can try to use your rig to do mining by yourself

I agree, we all start out small and grow with time, so trying yourself before taking on something big is a good tip.

Eraldo Coil

member

Activity: 448

Merit: 10

Yeah mining bitcoin on this year is still worth but if you compare it to last years there's a big difference. I mean mining last year is very different compare to this year because lots of things changed. The amount of bitcoin you mine for one day decreased a lot and you need a lot of time now.

ribowo76

full member

Activity: 784

Merit: 101

The World's 1st Waste to Green Energy DLT Project

Especially for the conditions in my country, where electricity costs are increasingly expensive. I think it's no longer profitable to mine. Because, it takes a very long time to get capital back. For me personally, it's better to buy bitcoins and altcoins that have a good investment value. Maybe that makes more sense than having to mine

keykey1

full member

Activity: 406

Merit: 100

Quote from: NivelMac on September 30, 2018, 03:36:02 AM

people still keep mining until now and I think bitcoin mining will not last long if the price of bitcoin keep going down like this

The reason that the mining is getting less profitable is different. each year the award for miners becomes less and less. However, it is still worth to mine Zcash.

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

Bitcoin mining price is close to market's value, so it is no longer profitable in many countries already.

However, if you have free energy or very cheap energy, then mining still could be an option. Otherwise, trading or hodl are better.

expertofexperts

full member

Activity: 293

Merit: 100

i think ETH is best here for future and mining.

whiteblue

sr. member

Activity: 1246

Merit: 250

yes of course this time it's still very worth it if you buy bitcoin at a price in 2018 the price is still very cheap because this bitcoin price has the potential to be one of the coins that has a very high selling price. Bitcoin prices can reach more than $ 50k so take advantage of these cheap prices to buy bitcoin.

Topic: Is it still worth mining bitcoin in 2018 ? - page 11. (Read 2530 times)