Is it still worth mining bitcoin in 2018 ? - page 5.

FlightyPouch

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Quote from: Glutius on October 25, 2018, 11:18:56 AM

Just keep in mind that bitcoin mining is quite expensive in terms of electricity. Not everywhere it can be done. But if you have suitable conditions for mining - you can do this kind of earnings on bitcoin.

It is really expensive this time since the price of the ASICs or mining hardwares are so expensive. Some say that mining is still worth it other say that it is not but I do also believe that this depends on the terms of electricity since there are differences on the electric prices the reason why some miners use solar panels to support their mining rigs.

Glutius

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Just keep in mind that bitcoin mining is quite expensive in terms of electricity. Not everywhere it can be done. But if you have suitable conditions for mining - you can do this kind of earnings on bitcoin.

ranman09

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Quote from: carlisle1 on October 24, 2018, 10:13:09 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 is not advisable these days because of the continuous dropping of market values this means that what you can only gather is enough amount to pay for electricity and the maintenance of your computers so for me better find another option of gaining than mining,maybe investing in ico but with extra care,or holding coins for long term strategy

Just what I'm thinking of. If the price of bitcoin's plummet and price of electricity is going down all in all the profit is close to nothing. Plus the fact that algorithm nowadays gets hard because it closes the max cap.

Well if we are looking for the fact that it is bitcoin and it will be worth it in the long run. Maybe we can try.

BibitBot

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Factors that can affect the growth rate of Bitcoin
Bitcoin is initially positioned as a coin, which does not depend on the authorities and any government. However, any rumors about the possible tight regulation of cryptocurrency are immediately reflected on the market behavior, and on the Bitcoin course in 2018.

For its part, the Bitcoin community is constantly looking for new solutions in order to improve the ecosystem. There are many factors that may affect the forecast of the Bitcoin rate for 2018, but it is worth mentioning among the main ones:

regulation;
disagreements within the Bitcoin community;
demand growth;
speculation.

Diced90

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Get'em boys

In my opinion it is becoming increasingly difficult to keep in the mining business given that the prices the coins are selling for are not adding much more value over what the production costs are.

ruybanoya

newbie

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still work because bitcoin price will be rise soon

paulk11087

sr. member

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I think the fact that mining costs are high and the bitcoin price doesn't mean that it's getting less difficult. Because as the cost increases, the number of people undergoing mining is decreasing and increasing per capita.

Kusnechik

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Bitcoin’s mines, as far as I know, are accessible to a narrow circle of miners, as it requires a lot of energy costs for electricity.

nur rochid

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Quote from: eashikde on October 24, 2018, 11:09:18 AM

I think this is a purely personal decision of each person. In this situation, it is not possible for very few to extract, since the cost of equipment and the production itself are more complex and voluminous processes. Due to competition, this type of mining was not possible for all people.

as long as it's still profitable i think it's still appropriate to run. i myself have never mined, so i don't know about mining bitcoin. but every business certainly has ups and downs, like trading too

eashikde

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I think this is a purely personal decision of each person. In this situation, it is not possible for very few to extract, since the cost of equipment and the production itself are more complex and voluminous processes. Due to competition, this type of mining was not possible for all people.

Triwiyono

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in my opinion, mining is always profitable if we are mining with a large amount of capital, such as buying mining tools that are super fast, have a large place, and electrical power. if you have it all, in my opinion until now bitcoin mining will continue to be profitable until this year.

Hasbro27

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in my opinion, at the moment it's not profitable to do bitcoin mining, moreover the price of ASIC's mining equipment is expensive and electricity consumption is also high, if the profit is not much calculated, I don't have a coin recommendation to mine because currently mining profits are not as much as last year and I myself have stopped mining bitcoin

carlisle1

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Campaign Management?"Hhampuz" is the Man

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 is not advisable these days because of the continuous dropping of market values this means that what you can only gather is enough amount to pay for electricity and the maintenance of your computers so for me better find another option of gaining than mining,maybe investing in ico but with extra care,or holding coins for long term strategy

calebwa

newbie

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Seriously, I think that there’s no way to mine BTC in 2018/2019. The Chinese community controls the major part of mining power, so ordinary users can hardly compete with their hubs. Even ASICs aren’t ideal for this goal because you can’t produce enough power to get rewards. I’d suggest mining ETH or other altcoins which aren’t as popular as BTC. Alternatively, you can think about trading – this approach may be highly profitable if you have enough knowledge and some luck. Just compare potential incomes using crypto calculators (https://cex.io/bitcoin-calculator). Surely, both ways are volatile and nobody can guarantee that you will earn a lot. But I think that mining altcoins or trading is better than mining BTC now.

aad140386

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simply getting the job done

No one will give you an unequivocal answer to your question. It all depends on how much you believe in the future of Bitcoin and other cryptocurrency. If you believe that cryptocurrency will go up in price over a period of 5-10 years, and you are ready to expect profits from mining in the future, then of course you can mine both Bitcoin and other cryptocurrency. If you do not believe that cryptocurrency is the future, and consider mining as speculative earnings, then you need to calculate all costs from electricity to unexpected expenses, and then make a decision.

Nasonn

jr. member

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Bitcoin mining and other cryptocurrencies are still worth mining. People are making huge amount of money mining cryptocurrency though it's no longer as profitable as it used to be if we take last year into consideration.

bayu7adi

hero member

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dont be greedy

if the price of electricity in your home is below 0.05 USD per KWH, then it is very profitable, because now the price of BTC is bad, even the price of ETH is very bad. My friend felt frustrated when he was confused about which coin to choose, because this year the price of all cryptocurrency assets declined, while maintenance and operational costs continued to increase.
my conclusion is, mining is now not worth it, I prefer to do business online store if there is no change in cryptocurrency prices

Jasad

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= jasad =

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 must learn about mining, and calculate how much electricity you will spend each month.
of course in every country it will be different, and there are always techniques to outsmart to always be able to make a profit. if it's not possible bitcoin mining is gone.

trauchot

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It is still profitable, it all depends from your budget, if you want to buy video cards at least on ten thousand dollars, you can still earn money on mining, and if we are talking about hundreds of thousands of dollars, then you can not think and start mining. It is not necessary to mine bitcoins, there are other alts that bring even greater income.

Harlod Benjamin

newbie

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Why do not we dig up bitcoin? If bitcoin is no longer valuable, stop digging again. But bitcoin is more valuable then why do not we? Only if you are qualified to set up a bitcoin digging system, it will give you a lot of value.

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