Is it still worth mining bitcoin in 2018 ? - page 14.

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Quote from: Crystacool on January 26, 2018, 06:13:45 AM

Yes, the current bitcoin trend is still very good.
I believe that bitcoin will continue to grow rapidly in 2018.
It will soon return to normal and reach new targets.

The trend may be going higher though that doesn't mean that Bitcoin is going to be easy to mine. It will cost a lot of money and effort to mine Bitcoins.

guoyu78

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Quote from: zxcv cool on January 30, 2018, 07:20:10 AM

I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity.
To meet these two points, I think you can still dig in 2018. Roll Eyes

With your this point, you know people are not being impressed with bitcoins anymore. What they think of bitcoins that they are ending in this year. Although there are wrong and they need to update themselves about the nature of these coins.

As far as second point is concerned, yes you must have little cost of electricity, only then you can get more of profits out of bitcoins anytime.

Harper6

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Quote from: neonshium on January 31, 2018, 05:42:49 AM

Quote from: zxcv cool on January 30, 2018, 07:20:10 AM

I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity.
To meet these two points, I think you can still dig in 2018. Roll Eyes

It is very much impossible to have low electricity bills after earning a good amount of bitcoin through mining. The expenditure is not acceptable that is why hackers are using other people’s resources to accomplish this job.

There is no doubt that bitcoin would be soaring up but other methods of earning this crypto currency are more suitable. Personally, I like day trading because it gives the most earning.

It is funny but yes true most of the time people use other people resources to get bitcoin mining done, I guess it is so expensive I am not in favor of mining because it is very hard to buy bitcoin mining equipment and other thing is that bitcoin mining takes a lot of electricity so people will get unaffordable electricity bill. So if profit is less than investment then I won’t suggest you to go for it.

BitChief

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Quote from: MFahad on January 31, 2018, 12:10:47 PM

Quote from: neonshium on January 31, 2018, 05:42:49 AM

Quote from: zxcv cool on January 30, 2018, 07:20:10 AM

I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity.
To meet these two points, I think you can still dig in 2018. Roll Eyes

It is very much impossible to have low electricity bills after earning a good amount of bitcoin through mining. The expenditure is not acceptable that is why hackers are using other people’s resources to accomplish this job.

There is no doubt that bitcoin would be soaring up but other methods of earning this crypto currency are more suitable. Personally, I like day trading because it gives the most earning.

Mining bitcoins in 2018 is not possible if you have a single high speed computer with a lot of GPU power. These days bitcoin mining is very difficult and we have companies who have mining farms and only those mining farms can mine Bitcoins profitably.

Unless you are building a proper internationally competitive mining operation with low energy costs and the best equipment it is definitely not worth it. If you start you are in effect starting a business

MFahad

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Quote from: neonshium on January 31, 2018, 05:42:49 AM

Quote from: zxcv cool on January 30, 2018, 07:20:10 AM

I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity.
To meet these two points, I think you can still dig in 2018. Roll Eyes

It is very much impossible to have low electricity bills after earning a good amount of bitcoin through mining. The expenditure is not acceptable that is why hackers are using other people’s resources to accomplish this job.

There is no doubt that bitcoin would be soaring up but other methods of earning this crypto currency are more suitable. Personally, I like day trading because it gives the most earning.

Mining bitcoins in 2018 is not possible if you have a single high speed computer with a lot of GPU power. These days bitcoin mining is very difficult and we have companies who have mining farms and only those mining farms can mine Bitcoins profitably.

LillianScarlett

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The earnings depends at the fee on your strength invoice. however i think it's now not a horrific idea to mine with the ant miner as I count on the fee of bitcoin to recover within the subsequent coming weeks. I'm able to encourage mining from extraordinary locations inside the international to maintain the community decentralized.

neonshium

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Quote from: zxcv cool on January 30, 2018, 07:20:10 AM

I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity.
To meet these two points, I think you can still dig in 2018. Roll Eyes

It is very much impossible to have low electricity bills after earning a good amount of bitcoin through mining. The expenditure is not acceptable that is why hackers are using other people’s resources to accomplish this job.

There is no doubt that bitcoin would be soaring up but other methods of earning this crypto currency are more suitable. Personally, I like day trading because it gives the most earning.

Manchumichael

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Quote from: Janation on January 30, 2018, 09:17:50 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.

It is. They are just saying that mining is not profitable since you really need to have a good capital in order to buy good hardware for your miners. Also, mining do not give your profit that easily since it takes time before you get back what you have spent on it, electric fees are really not a joke.

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

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

There are a lot of digital currency and if you will be buying an ASIC, theres BCC and other Bitcoin altcoins that are aiming to take down BTC which is not really successful. Though you can just use a mining calculator to calculate your earnings if it will be profitable or not.

Bitcoin mining will not give you the instant profit you have to wait for a long time, but in the long term, you can make a good profit. And you must buy the latest machine to mine bitcoin. Cost is high and electricity bill also high.If you can afford this, then you can mine bitcoin. Suppose if you can not afford to buy ASIC you can buy GPU's and mine other altcoins.

Julunguul

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Quote from: freecastle on January 30, 2018, 08:07:27 AM

The difficulties are only increasing, I'm not sure what to invest in mining now is the best plan

its still worth to do i think, with more miners, the more transaction on the blockchain will get completed
but as miners, still need to count all profit and the fees to pays electricity (it depends on the country i think)

mxyzptlkof6th

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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?

It is not worth it to mine BTC nowadays. Majority of miners are residing in China and they have cheaper electricity there. Also, the value of BTC is low as of now so I would prefer mining alts if possible.

Algochain

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No, it is not worth mining bitcoin- only if you have an advantage over the market , then yes.

VeganNation

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Yea, why not? What's the idea behind this question?

Janation

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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.

It is. They are just saying that mining is not profitable since you really need to have a good capital in order to buy good hardware for your miners. Also, mining do not give your profit that easily since it takes time before you get back what you have spent on it, electric fees are really not a joke.

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

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

There are a lot of digital currency and if you will be buying an ASIC, theres BCC and other Bitcoin altcoins that are aiming to take down BTC which is not really successful. Though you can just use a mining calculator to calculate your earnings if it will be profitable or not.

damrianto

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seen from the development so far bitcoin from year to year continue to reach the peak of its success. every day ico campaign continues to compete. this is evidence that bitcoin is always on the rise for visitors who want to join what bitcoin again in this year 2018.
but in this year the visitors are somewhat filtered to participate in investing with bitcoin because now every registration in the first deposit. it aims to keep all cheating cheating that has happened so far.

freecastle

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The difficulties are only increasing, I'm not sure what to invest in mining now is the best plan

Kate Beckett

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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 don't think so. Bitcoin mining is in the past. It is too difficult right now and it does not pay off for a very long time. If you reaaly want to mine crypto, you should consider ETH or RPL mining.

alekseidanilov0803

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In 2018 I very hope that bitcoin will rise. Maybe about him will begin to talk more often. I would very like...

parassinghal

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A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE

No i do not prefer mining because the cost of resources for mining is higher than what you will earn through mining. So i will suggest you for trading not for mining.

greg458

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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?

First, i think better if you move your post in mining childboard...

Also, its not profitable to mining bitcoin with only 1-2 asic even if you have 1-2 antminers, it's still not profitable. Better if you mine a coin with a lower mining difficulty level like monero, ltc, zcash, or ethereum.
You can also buy at least 50 onion coins for participate in their airdrop every week

Shenzou

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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?

The only hardware that i know off capable of mining bitcoin right now is Antminer s9, which coast roughly about four to five thaousand dollars, you will be able to make its money worth of bitcoin in about 6 to 7 months, and this considering that you will be runing it 24/7 and with 0 electricity coast, so all in all i don't think that it is profitable at all because even if you have free electricity these caculation are made at a certain mining difficulty which is always changing so 2 months from now this could change, so unless you have a lot of moeny to buy expensive hardware and an empty space and free elctricty i don't recommend mining bitcoin, instead do like everone and just mine altcoins with GPU and then exchange them to bitcoin.

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