Is it still worth mining bitcoin in 2018 ? - page 7.

glowing10

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Quote from: Sam San on October 10, 2018, 12:32:47 PM

Quote from: waynechong1995 on October 09, 2018, 08:36:26 AM

Heavy manipulated mining community as there's too much big players with advantageous position to chip off regular miners, mining machine cost, electricity, price movements, regulations. it seems like an ordinary household miner couldn't get what are they deserving these days, suffering loses with never reaching ROI and BTC dusts, 2018 is not a good year for mining i believe unless you have resources to give cheap electricity

capacity in 2018 doubled compared to 2017 for all coins, the competition is growing. this leads to the fact that the mining market will monopolizirovany that will be bad for the decentralized blockchain technologies.

In our country I doubt if any of them still mining because of various direct and indirect factors it is not anymore feasible considering the cost etc. ROI take years before you start getting return and in between price falls then it is different story altogether.

Sam San

sr. member

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Quote from: waynechong1995 on October 09, 2018, 08:36:26 AM

Heavy manipulated mining community as there's too much big players with advantageous position to chip off regular miners, mining machine cost, electricity, price movements, regulations. it seems like an ordinary household miner couldn't get what are they deserving these days, suffering loses with never reaching ROI and BTC dusts, 2018 is not a good year for mining i believe unless you have resources to give cheap electricity

capacity in 2018 doubled compared to 2017 for all coins, the competition is growing. this leads to the fact that the mining market will monopolizirovany that will be bad for the decentralized blockchain technologies.

waynechong1995

full member

Activity: 644

Merit: 117

swing!

Heavy manipulated mining community as there's too much big players with advantageous position to chip off regular miners, mining machine cost, electricity, price movements, regulations. it seems like an ordinary household miner couldn't get what are they deserving these days, suffering loses with never reaching ROI and BTC dusts, 2018 is not a good year for mining i believe unless you have resources to give cheap electricity

imjacksmith

brand new

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Yes... It is and with the increasing value of Bitcoin this is the best time to get into cloud mining

Vansoff

newbie

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There are more threads on the similar topic, But to answer your question, It is very hard to mine BTC as of today assuming the high electricity costs that are involved apart from setting up your mining rig. SO I would suggest you to forget it Smiley

manyu22

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Quote from: nicko122 on October 09, 2018, 05:24:11 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 of bitcoin are still profitable, but this may change at any time. The price of bitcoin often changes, so many people do not want to take a lot of risk and buy expensive equipment, which later may be useless. Although on the other hand, many people have long predicted the death of Bitcoin, but he holds the bar high and now shows good stability.

Yes, you are right. bitcoin is very profitable if at the right time. because bitcoin is always up and down. I think bitcoin will always go on, because more and more people are using it, and that really affects bitcoin

Money mani

newbie

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It depends just on your electricity cost. If you have no worry about it, then you mine bitcoin happily. Otherside if you saw your bills goes high then mine a little bitcoin because you earn from it.

abarbaz

newbie

Activity: 28

Merit: 0

yeah mining is profitable buts its totally depend on your electricity bill and i think in 2018 new technology has been occur like masternodes and cloud mining i think we have to move on like masternodes and cloud mining not remain on expensive hardware and electrical bill issues

nicko122

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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 of bitcoin are still profitable, but this may change at any time. The price of bitcoin often changes, so many people do not want to take a lot of risk and buy expensive equipment, which later may be useless. Although on the other hand, many people have long predicted the death of Bitcoin, but he holds the bar high and now shows good stability.

muslol67

hero member

Activity: 1582

Merit: 670

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?

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.

learntonoob

copper member

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FinanceX Exchange

I think it's not a good time for a new comer at that time . You need a lot of money to stick to that and patiently wait for the price going up.

SemionDevyatkov

newbie

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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?

Bitcoin is quite unpredictable cryptocurrency, very few people can answer this question. However, there are a lot of worthy analogues now, and if you sit and analyze the current market, you can get an answer to your question about other currencies.

Fluxtorrence9

member

Activity: 336

Merit: 12

With that large high difficulty ? Shocked

mining bitcoin now is only left for big companies or very rich people because the cost of asics is high and to make good gains every month you will have to get tons of asics and build a big farm. My advice is to mine other coins and get paid in bitcoin or exchange them to bitcoin,do some research or head to whattomine.com you will see the most profitable coin you can mine presently.

hero1111

hero member

Activity: 1582

Merit: 520

Bitcoin mining is not looking good now because bitcoin prise is low for now but if we think to long invest for bitcoin and if we think to save bitcoin for future , i think it will be profitable invest . This year was not good for bitcoin prise till october but it will not going like that and bitcoin prise will rise .

darklus123

hero member

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Merit: 588

Yes it is still profitable for old time miners specifically for those who has .10kwh rates even gpu mining can still give you a little bit of profit. Tho unlike before the current profit is much smaller than before.

However I am not so sure if it would be beneficial for you tbuy asics right now as you may not know what is ahead. Therefore it is all about risk in the end

Hustinog

member

Activity: 191

Merit: 32

Yes, it is worth mining to those who mines lately. But as a newbie in mining? I guess it is not worth to start mining now 2018. It is profitable but as your bill of electricity rises your profit will goes to them. And ofcourse, in order to do mining, you have to buy an expensive mining rig which is capable of 24/7 use. It will always take time to earn but as what is always told here in the crypto-world, you must risk your time too, not just your money in order to earn a good profit.

flying_bit

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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?

Here in our country mining bitcoin is not that profitable anymore if you're doing it alone. Cost of equipment to use, electricity and internet is very high and bitcoin value is lower compare last year.

I not sure what best alternative to mine but I believe monero, litecoin and ethereum are still in the top list

rindayle

jr. member

Activity: 140

Merit: 1

Every year production becomes more and more labor-intensive and expensive. Now this type of earnings is very popular, but not available to everyone, because of the competition requires more powerful equipment. Have become popular so-called large farms that offer to earn those who can not mine.

messito

jr. member

Activity: 154

Merit: 1

Bitcoin still looks to me the most attractive for mining because I believe that it will grow well in the future and believe me it will bring a lot of profit to its investors

eashikde

jr. member

Activity: 266

Merit: 1

If we are talking about mining bitcoin through mining, then it is now very difficult. Currently, mining has become very difficult, as it requires expensive equipment, which is required due to increased competition. Also now there are many large companies that specialize in bitcoin mining and offer their services to investors.

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