Topic: Is it still worth mining bitcoin in 2018 ? - page 6. (Read 2530 times)
Considering the high electricity bill and other payment you needed to pay and the current Bitcoin price surely you will only gain few but you mine it not because you will sell it today but to future where Bitcoin can be more valuable than this. So your profit will be seen in the future.
Every amount of bitcoin you earn is very worthy as far as cryptocurrency is concerned. The crypto market might be really bearish now but that does not mean mining for some bitcoin is not worthy. What if bitcoin is to shoot up instantly? Remember in crypto, everything is capable of happening. If mining bitcoin could fetch some amount of bitcoin, it is better you mine for more bitcoin and hold whiles bitcoin shoots up and I am sure you will end up securing lot of $ when market revives at an appreciable state.
Bitcoin is still worth mining for this year because it is still the most trusted crypto currency in the crypto market that even in this bearish market performance still it is the number 1 crypto currency. Its just the earnings is not so big than before in which Bitcoin price is really booming during 2017 period but still the profit is considered good specially if the price will bounce back before this year will end.
It's still worth mining now even though electricity costs are expensive, and bitcoin still has good value. If you have capital, the opportunity for mining is still a lot and time is still there.
For me it's fine until the price is not already rising up to mine a lower price of bitcoin and get hold your bitcoin's that you already mined to earn a huge profit.
mining companies should get used to work with low profit like traditional businesses do and forget about huge profits.
I think the Mining section will help you a lot regarding this matter. Though I don't know much about it, but I have seen some miners claimed Bitcoin needs to hit 10K USD to give the miners profit. So, You need to research a lot about it before making any decision. Good Luck.
The price of bitcoin is still quite high compared to the price in bitcoin two years ago, so there is no reason for us to be afraid of mining bitcoin. Bitcoin is still trusted, and bitcoin still controls the crypto market, for that to me it is still worthy of us to mine bitcoin at this time.
mining in 2018 is possible only if you believe in the revival of the market in 2019 and profit for 2018 a year later. 
The price of bitcoin is still quite high compared to the price in bitcoin two years ago, so there is no reason for us to be afraid of mining bitcoin. Bitcoin is still trusted, and bitcoin still controls the crypto market, for that to me it is still worthy of us to mine bitcoin at this time.
I did search and no relevant answers were found, just dead or old threads without any replies.
in my opinion it's useless because we can't find this unpleasant price. What's more we want to make another money and wait for next year the price of bitcoin and the market goes up and my hope is
For now with a bad market situation, I think if you continue to mining bitcoin, you will definitely get a little profit. can even get losses. And for now I choose to stop mining.
I think bitcoin is the most profitable coin to be mining.
I think bitcoin is the most profitable coin to be mining.
I think it's still logical at 6k levels. because many mining workers dropped it because of the price drop. Therefore, the share per capita is increasing. The same money is being made at 10k.
For me it's fine until the price is not already rising up to mine a lower price of bitcoin and get hold your bitcoin's that you already mined to earn a huge profit.
Of course, the complexity of mining does not stand still and the more people mine crypto coins the more difficult it is to do, but here everything is like in a normal mine: the first who came, collected gold nuggets literally from the surface, others had to dig, and the third turn into real miners, buying expensive equipment to delve into tunnels hundreds of meters under the ground. With a yield, everything is simple — it is the place, because there the subject of buying the cryptocurrency. bank of Japan. If the Japanese decide that it is safer to continue lending to the US-all the hype with cryptocurrencies will end. Instantly.
Bitcoin is still worth mining but you have to invest huge to build a mining rig in order to make the maximum profit. All you need to do is build a mining rig which can give you about 2000 plus mega hash per second. Building such a mining rig might cost you more than $2000. Bitcoin mining is always profitable if you the right tools to mine the coin. Using the wrong tools will just waste your time and income.
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?
If not mine BTC what other coin is it worth to mine nowadays?
I think no. Because at this time the price of bitcoin is down and there you are going to lose, because the income earned is not in accordance with the electricity costs you incur. But if there is enough capital. I think it's good to keep mining but the bitcoin you hold until the price goes up.
There are several question related to this thread i suggest to look there fort answers.
Anyway, Mining will cost you a lot of money. There are some coin that is worth the expenses but mining will be a reason to increase your electric bill.
Anyway, Mining will cost you a lot of money. There are some coin that is worth the expenses but mining will be a reason to increase your electric bill.
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 there are some other similar threads are available on our forum so it is better to search before asking questions.If not mine BTC what other coin is it worth to mine nowadays?
The bitcoin mining profits maybe not effective because of increase in the mining difficulty of bitcoin but it still give earnings.
I suggest you to mine monero because difficult level is very less and the coin is also undervalued so if you can mine some monero nowadays it will give good profits when its price bumps.GPU mining is the best available way to mine monero.
I agree with your opinion, monero still has the potential to mine, but it should be noted that at the moment the situation is very bad, because market prices have fallen sharply, so if they mine it might not be able to make big profits.
yes of course because there is still the chance of increasing btc so it is worthy.
in my opinion in 2018 this is a good step to mining and investing our coins considering the current market prices are decreasing
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?
If not mine BTC what other coin is it worth to mine nowadays?
Current energy consumption mining has begun to be non-profitable. Moreover, an increase in the degree of difficulty also reveals the cost of the device. Under these conditions, the only way to continue mining is to increase the value of Bitcoin and therefore all crypto coins.
yes right one of the hardest problems to mine now is high electricity costs and also the difficulty to get coins I think it's hard to get a profit. I might suggest trading or waiting until the price of bitcoin and all the coins go up to start mining again
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