Is it still worth mining bitcoin in 2018 ? - page 2.

Lmaooo

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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?

Mining bitcoin is not profitable that much you should rather go for mining altcoins such as Ubiq, Bitcoin Gold, and RavenCoin.
To find more information about the most profitable coin to mine check out - whattomine.com for best coins to mine all the time.

cryptonewsID

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Quote from: laredo7mm on October 28, 2018, 06:46:33 AM

Not at all because right now we will experience losses if we start now. between income and also BEP is very long. and risk if our engine will be damaged etc. calculate before you do this year

mining in years, this is when bitcoin is very high, in my opinion it will be very detrimental when electricity and components that must have maintenance in my opinion it will be very detrimental.

gamechangers

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personally, I don't think it is worth it because of the level of difficulty that is now involved. however, if one has the basic tools that will enhance it such that minning will become faster and easier, why not.

TheGodFather

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Quote from: hadveach on January 25, 2018, 05:39:25 AM

today the remaining bitcoin is only 4 million, and I think it's a bit late for mining. especially with a system that has not been normal, so it can disrupt the transaction. today I think everybody prefers trading rather than doing mining. and both generate huge profits.

Absolutely, I rather trade or mine other cryptocurrency rather than spending money on mining on BTC. Yes, you are earning but it takes time to have your investment back. So it's better to mine altcoins instead of BTC at this point.

kwakgyimah

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Quote from: Asa723 on October 25, 2018, 12:39:08 PM

Hi,
My opinion on this question is yes. It depends on how you work. If you work hard you will get better result. The value of the bitcoin will fluctuates. Today value is high next day it can be raise.

I think people are still making some good amount of money whiles mining bitcoin. Mining of cryptocurrencies is very profitable when done with all the needed seriousness that it deserves. Bitcoin has always presented us with the best way to earn through mining. I believe it is still worth it to mine cryptocurrencies in 2018.

cramcram21

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Well it depends on the price of electricity in your place ,
Necause if the cost for mining is greater than the worth of Bitcoin that you would get then it is just a waste of time.

xp.rie

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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?

You can read it on board mining in this forum.
we can use logic, if mining is no longer profitable. maybe now there are no more bitcoin mining, but this still continues to this day. in other words mining is still profitable

Sam San

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Quote from: Prideandprejudice on October 29, 2018, 03:00:24 AM

Quote from: Kestenbetsa on October 29, 2018, 02:50:03 AM

Hi guys, could a random mining system work? I mean if the miner of the next block is choosen randomly intead of PoW what are the possibile drawback?

miner of the next block is choosen randomly intead of PoW what are the possibile drawback?

Well, the current mining system is kinda random... It's just that with higher hashpower you have a higher probability of winning the race. But actually finding the answer to the "puzzle" is kinda random process (guessing game). From how I understand your idea, you'd have the same: the more mining power you have, the more chance to get the random reward, so what would be the difference exactly?

the use of power was conceived at the initial stage of bitcoin and it was assumed that one person one power. now a completely different market and a lot of people are United in one power, which greatly changed the basics of bitcoin.

Obolo

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Bitcoin might not be itself this year but this does not mean bitcoin is not worth mining. Bitcoin is worth mining looking at how it is faring in the current bearish market. Atleast bitcoin is still doing well and mining bitcoin is not a waste of time and effort. Why nit mine bitcoin and hold so that when the crypto market revives, you enjoy the fruit of your labor.

yourialfa

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In my opinion, mining bitcoin is currently not profitable even if you only lose money. Because the current trend of mining itself begins to decline. And today people are very worried about maintenance and electricity costs. So conclude that this year mining bitcoin will not be profitable. If you intend to mine, then you can mine other coins that you think are good. You must do your own research. That's my opinion.

kkaroul4

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if in my opinion it seems less good to mine bitcoin this year because it will be very difficult to get profit, so it's better if I myself invest in bitcoin for a long time. because I am sure that later I will get a big profit

piebeyb

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looking for other altcoins that are possible to have a future, I think you can count on that to get profits from mining looking for a smaller diff and just released at least mining some new altcoins that have good potential

mudasarali43

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I am taking the mining thoughts for long-term and that is why i think Bitcoin mining is still a worth and the best option is to stored them and wait for the earned bitcoin for long term because it will go to the moon in future and makes you more and more profitable by picking only one thing that is wait and be patient,

Isallonda

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Would it be not better to Mine Altcoins and trade it to Bitcoin? Dont think mining Bitcoin itself is that good or brings that much money, compared to the investment ifor Equipment

Pasaway2701

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Quote from: Desscount on November 02, 2018, 04:55:20 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?

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.

jrrsparkles

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Quote from: djcounter on November 01, 2018, 11:03:49 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?

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.

Still it is profitable I think if the miners stopped working then the bitcoin networl will get clogged becaise of unconfirmed transactions but it isn't right so miners are making some profits from mining bitcoin.

And one more do we have a coin named Electrum? In my knowledge which is wallet name. Huh

HoryouToken

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What is Bitcoin Mining and is it Still Profitable in 2018?

Today, in order to be profitable with Bitcoin mining you need to invest heavily in equipment, cooling and storage. It’s not possible to mine profitably with a PC or a GPU at home. You can calculate your profitability using a Bitcoin mining calculator.

J Gambler

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Quote from: ehrz22 on January 25, 2018, 05:46:09 AM

I read on some forums and facebook groups that mining bitcoin is not profitable now so they convert to altcoins mining. But it still depends on your specs, how much it costs you to build it and your monthly utility bills. Still profitable but I think mining altcoins is more profitable now.

Yeah, however the problem for that is if no one will continue to mine BTC, does BTC still continue to rise? Will it fall or be stable? Someone needs to continue mining BTC not because of their earnings but because of the production of BTC. But you are still correct, Mining altcoins is much better than BTC "alone".

DanEverly

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The difficulty to mine up Bitcoin will also increase as the number of Bitcoins is still low and there are too many people involved in mining money at the same time. Many investors believe that, compared with trading on the floor, the investment in Bitcoin mining machine will be more profitable. However, today's mining is no longer as convenient as it was before with many difficulties and costs

Prideandprejudice

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Quote from: Kestenbetsa on October 29, 2018, 02:50:03 AM

Hi guys, could a random mining system work? I mean if the miner of the next block is choosen randomly intead of PoW what are the possibile drawback?

miner of the next block is choosen randomly intead of PoW what are the possibile drawback?

Well, the current mining system is kinda random... It's just that with higher hashpower you have a higher probability of winning the race. But actually finding the answer to the "puzzle" is kinda random process (guessing game). From how I understand your idea, you'd have the same: the more mining power you have, the more chance to get the random reward, so what would be the difference exactly?

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