Topic: Is it still worth mining bitcoin in 2018 ? - page 8. (Read 2530 times)
Of course, it is worth it because in a couple of years it will cost $ 100k and those people who produced 6 to $ dollars will be in very good profit
Maybe if they have a large of hardware, they can still get a profit from mining this year, and they don't have to use a big fee for the electricity. But for people who only have the small hardware, they cannot make any profit, and even they will need to pay a big fee of the electricity. It depends on many reasons for the mining to continue and the big things that we need to aware of are the electricity fee which is different in all country. And if you can get the cheap electricity fee, then you only need to think about how the hardware can get a big reward from the mining process.
Each country certainly has different financial needs in mining costs, both regarding electricity tariffs that need attention, as well as mining equipment and other needs that are in dire need of large costs. Looking at current market conditions, where bitcoin prices tend to decline, mining costs like I mentioned above experience price increases. Of course I see it is very risky and maybe the benefits that can be obtained are very small through bitcoin mining at this time.
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 feel for now it's still very worthwhile to do mining btc because the price of btc has started to crawl up from what I saw a few days ago, and starting to show signs of an increase, will the price of btc rise again to the highest point as at the beginning of 2017? if you believe this, then mining is a thing that is still very suitable at this time depending on what spec pc you use and also depends on how many electricity bills in your country are worth mining or not, that's the thing that must be taken into account if you want to do mining for now.
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 the profit from bitcoin mining is quite low at the moment. The cost for the extraction process is too high, the bitcoin price is low. If you want to exploit bitcoin or another currency you should consider carefully If not mine BTC what other coin is it worth to mine nowadays?
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?
It is always worth it to mine btc as long as you don't mind the sound of the machine and/or you are okay with using your electricity bill as a credit card on which to purchase btc every month.
That's how I look at it. I used to have a 2 THs miner plus my S3 miner going and all through out 2015 - 2017 they mined fine. The 2 THs miner was loud as all hell but I put it in the garage so it was okay. But then an angry neighbor smashed it lol. Anyways through that time I never once thought about shutting them off. ( It was to much fun mining ) And the electricity at the end of the day was manageable.
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?
In addition to bitcoin there are many other currencies worth exploring. Litecoin is a coin worth exploring. Litecoin has a limited number of 84 million units, while the maximum number of Bitcoin is 21 million. In circulation there are about 54 million Litecoin and 16.7 million Bitcoins. Litecoin aims to reduce the time required for new transactions and refine Bitcoin's exploitation methods so that anyone can participate. If not mine BTC what other coin is it worth to mine nowadays?
Mining Bitcoin will continue to be lucrative as long as Bitcoin continue to be valuable on the market. Mining of Bitcoin is always getting harder as they are mined. With time, Bitcoin will be very scarce because the amount of BTC mined will decrease which will make Bitcoin very limited in supply.
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 mining is still very profitable but you need to have huge capital so that you can earn much profit. Actually, aside from bitcoin you can also mine ethereum and I think there are many transaction in ethereum than bitcoin so that I it is more profitable to mine ethereum. If not mine BTC what other coin is it worth to mine nowadays?
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?
Many bitcoin miners right now are selling their rigs, that's why VGA card price is dropping lately.
So it's indicate bitcoin mining is not worth it anymore.
if you can get cheap electricity and naturally cold environment - yes, Bitcoin mining is still profitable.
Most bitcoin and altcoin are down, Mining is still quite attractive but not as much profit as before, need big investment and slow return!
For me it's not ok to start trading for now the price of altcoins and bitcoin is already fall its price so if you are planning to start mining. In this year make sure the prices of Coin what you gonna choose to mine is in good condition of price.
Bitcoin mining is still highly profitable and it will always be. If it wasn't profitable nobody would be still mining it. It is costly though, you need the newest miners and electricity fees are high but you got to spend money to make money.
Of course, mining other coins is easier is less costly but less profitable. You can't just expect you can make high profits with some old CPU miners, those days are long gone.
Of course, mining other coins is easier is less costly but less profitable. You can't just expect you can make high profits with some old CPU miners, those days are long gone.
I think some of the people of my countries are retired in mining because I've seen that many of them selling there rigs and they say mining is dead. Because in our country electricity is expensive here. Not just like japan and other countries have a nuclear to less in the electricity bill. They are now focused in trading it's more profitable than mining they said.
Yeah it still worth to mine bitcoin depend on what hardware are you using at. For me i just use my asic miner cause it more easy to use and had a short to roi. It depend on your tariff of electricity. So go make your own mining cause it really easy to earn money with passive.
Nah mate. Mostly it's a waste of time and effort. Bitcoin mining requires a lot of resources which are usually not within the means of an individual. You can try your hands on mining shitcoins with low difficulty level
Yes, it is up to you to mine or not to mine, and you have to use expensive machines and lots of capital if you do not have it. My advice is that no ocit mining than you will lose. and even waste time if we always invest without capital
Mining of bitcoin has really gone far to the extent that currently we are way above the 16 Milion block. the difficulty in mining also has increased so if you are now getting into mining then you need to join a pool of miners so that you can stand the chance of earning some rewards.
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?
The short answer is "That depends on how much you are willing to spend". Because I think, Everyone who asks himself this will get a slightly different answer because the profitability of Bitcoin Mining depends on many different factors.
However, a friend said that mining bitcoin in 2018 was still feasible. he said that he was clear proof that there were still decent ASA-256 miners out there. SHA-256 mining is now about scalability. Well, maybe it only makes a few dollars/day with one machine, but if you rigged up 100 machines, then you have a decent profit. However, besides that, there are still many things to think about electricity costs and other costs, he added.
The problem is that bitcoin mining becomes harder every time a new bitcoin is mined but while this process keeps going on the price remains the same or even goes down. It's obviously that mining bitcoin becomes less profitable since you pay the same amount of money for investments in equipment but you produce less bitcoin wich equals less profit made. Probably its still profitable on the big scale otherwise people would stop mining bitcoin but if you want to start doing this by yourself you are probably going to lose more than you earn.
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