Is mining dead ? - page 4. | Bitcointalksearch.org

zodiac3011

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Quote from: notlist3d on October 24, 2015, 01:32:19 AM

Quote from: zodiac3011 on October 24, 2015, 01:06:26 AM

Quote from: notlist3d on October 24, 2015, 12:48:15 AM

Quote from: zodiac3011 on October 23, 2015, 10:53:58 PM

Quote from: notlist3d on October 23, 2015, 02:30:36 PM

Quote from: zodiac3011 on October 23, 2015, 08:14:21 AM

In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump. I also think less people rent MRR then they use to. A lot tend to use nicehash which pay is low a lot of the time.

You need to look into BTC mining more. It is far from dead, and only dead if high electricity or high vat.

Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think.

Alt coins are more risky then BTC. It no doubt can make you more money if you get lucky or had some great strategy. When your talking about coins worth a few dollars... a 50 cent raise might be a big margin for it as BTC 50 cent is not much at all.

The problem is gear to mine. Most alt coins that are worth mining are Scrypt. There is just a bunch of old asics besides a few SF100's that made it to public. Compare that to where BTC has a constant stream of new miners being made and developed it is a huge difference in mining.

I'm not sure to many "small" miners will be better off with scrypt gear. What scrypt gear are you mining with you suggest "small" miners use instead of BTC asics?

I just suggest in general that mining alternate coin may be a good idea. There are still many SHA256 coins that can be mined like Trinity or you can used multipool to mine the coins. That's also fine I think. On the other hand, Yes there are some risks when playing with alternate coin but with steady project like BURST, NXT, HYPER,... (don't mention about mining here just want to show some examples about stable coins) I think it's totally worth.

I thing the value one coin doesn't really say anything. If you got that much mining power, you can probably ( just probably) make equal to the amount of bitcoin you mine or even more. In some cases, solo mining can give you even more income while solo mining bitcoins is quite impossible unless you got a really really really big farm

Show me a SHA256 coin that is constantly better to mine then BTC. I think you either are not a miner, or possibly doing something wrong. Mining SHA altcoins... just does not make sense for almost all. You would be better off mining BTC and buying alt's ins most cases. But I still think BTC is best sha coin long term.

Can you show profits personally from constant mining of alt coins in sha? And you mention some I'm pretty sure you did not try.... burst I looked into mining my HD on 2 TB's a month leaving a big computer on it ran at a loss and made a few bucks a month. You throw out coins but I don't think you have done the ROI or done it personally. But I could be wrong. Please show us your past trading that made it better then BTC on mining.

Yep I stop mining for a quite a long time when I think that it's no longer profitable. And about BURST, like I said if you decide to get in early you will find it profitable, and I jumped in from the beginning and yes, I have done the ROI but I don't have the habit of staying one coin very long so my past trading of it is quite long ago. However I just say that this all is my own opinion so it may be not really correct and I admit that nowadays SHA256 coins that are better to mine than BTC no longer exists but I remember mining one or two coins just what I think was better.

notlist3d

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Activity: 1456

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Quote from: zodiac3011 on October 24, 2015, 01:06:26 AM

Quote from: notlist3d on October 24, 2015, 12:48:15 AM

Quote from: zodiac3011 on October 23, 2015, 10:53:58 PM

Quote from: notlist3d on October 23, 2015, 02:30:36 PM

Quote from: zodiac3011 on October 23, 2015, 08:14:21 AM

In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump. I also think less people rent MRR then they use to. A lot tend to use nicehash which pay is low a lot of the time.

You need to look into BTC mining more. It is far from dead, and only dead if high electricity or high vat.

Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think.

Alt coins are more risky then BTC. It no doubt can make you more money if you get lucky or had some great strategy. When your talking about coins worth a few dollars... a 50 cent raise might be a big margin for it as BTC 50 cent is not much at all.

The problem is gear to mine. Most alt coins that are worth mining are Scrypt. There is just a bunch of old asics besides a few SF100's that made it to public. Compare that to where BTC has a constant stream of new miners being made and developed it is a huge difference in mining.

I'm not sure to many "small" miners will be better off with scrypt gear. What scrypt gear are you mining with you suggest "small" miners use instead of BTC asics?

I just suggest in general that mining alternate coin may be a good idea. There are still many SHA256 coins that can be mined like Trinity or you can used multipool to mine the coins. That's also fine I think. On the other hand, Yes there are some risks when playing with alternate coin but with steady project like BURST, NXT, HYPER,... (don't mention about mining here just want to show some examples about stable coins) I think it's totally worth.

I thing the value one coin doesn't really say anything. If you got that much mining power, you can probably ( just probably) make equal to the amount of bitcoin you mine or even more. In some cases, solo mining can give you even more income while solo mining bitcoins is quite impossible unless you got a really really really big farm

Show me a SHA256 coin that is constantly better to mine then BTC. I think you either are not a miner, or possibly doing something wrong. Mining SHA altcoins... just does not make sense for almost all. You would be better off mining BTC and buying alt's ins most cases. But I still think BTC is best sha coin long term.

Can you show profits personally from constant mining of alt coins in sha? And you mention some I'm pretty sure you did not try.... burst I looked into mining my HD on 2 TB's a month leaving a big computer on it ran at a loss and made a few bucks a month. You throw out coins but I don't think you have done the ROI or done it personally. But I could be wrong. Please show us your past trading that made it better then BTC on mining.

zodiac3011

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Activity: 770

Merit: 500

Quote from: notlist3d on October 24, 2015, 12:48:15 AM

Quote from: zodiac3011 on October 23, 2015, 10:53:58 PM

Quote from: notlist3d on October 23, 2015, 02:30:36 PM

Quote from: zodiac3011 on October 23, 2015, 08:14:21 AM

In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump. I also think less people rent MRR then they use to. A lot tend to use nicehash which pay is low a lot of the time.

You need to look into BTC mining more. It is far from dead, and only dead if high electricity or high vat.

Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think.

Alt coins are more risky then BTC. It no doubt can make you more money if you get lucky or had some great strategy. When your talking about coins worth a few dollars... a 50 cent raise might be a big margin for it as BTC 50 cent is not much at all.

The problem is gear to mine. Most alt coins that are worth mining are Scrypt. There is just a bunch of old asics besides a few SF100's that made it to public. Compare that to where BTC has a constant stream of new miners being made and developed it is a huge difference in mining.

I'm not sure to many "small" miners will be better off with scrypt gear. What scrypt gear are you mining with you suggest "small" miners use instead of BTC asics?

I just suggest in general that mining alternate coin may be a good idea. There are still many SHA256 coins that can be mined like Trinity or you can used multipool to mine the coins. That's also fine I think. On the other hand, Yes there are some risks when playing with alternate coin but with steady project like BURST, NXT, HYPER,... (don't mention about mining here just want to show some examples about stable coins) I think it's totally worth.

I thing the value one coin doesn't really say anything. If you got that much mining power, you can probably ( just probably) make equal to the amount of bitcoin you mine or even more. In some cases, solo mining can give you even more income while solo mining bitcoins is quite impossible unless you got a really really really big farm

notlist3d

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Activity: 1456

Merit: 1000

Quote from: zodiac3011 on October 23, 2015, 10:53:58 PM

Quote from: notlist3d on October 23, 2015, 02:30:36 PM

Quote from: zodiac3011 on October 23, 2015, 08:14:21 AM

In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump. I also think less people rent MRR then they use to. A lot tend to use nicehash which pay is low a lot of the time.

You need to look into BTC mining more. It is far from dead, and only dead if high electricity or high vat.

Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think.

Alt coins are more risky then BTC. It no doubt can make you more money if you get lucky or had some great strategy. When your talking about coins worth a few dollars... a 50 cent raise might be a big margin for it as BTC 50 cent is not much at all.

The problem is gear to mine. Most alt coins that are worth mining are Scrypt. There is just a bunch of old asics besides a few SF100's that made it to public. Compare that to where BTC has a constant stream of new miners being made and developed it is a huge difference in mining.

I'm not sure to many "small" miners will be better off with scrypt gear. What scrypt gear are you mining with you suggest "small" miners use instead of BTC asics?

zodiac3011

hero member

Activity: 770

Merit: 500

Quote from: notlist3d on October 23, 2015, 02:30:36 PM

Quote from: zodiac3011 on October 23, 2015, 08:14:21 AM

In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump. I also think less people rent MRR then they use to. A lot tend to use nicehash which pay is low a lot of the time.

You need to look into BTC mining more. It is far from dead, and only dead if high electricity or high vat.

Except some coins which have good potential, all others is just about pump and dump. However if you really want to make money I think alternate is the best as bitcoin is for the big guys so what chances are left for the small miners? Alt coin is just about time. If you got in at the right time then you will surely struck gold. BTW while I was writing this all I could thought of was Mining rentals so I wrote it down LOL Nicehash is fine to I think.

winspiral

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Free WSPU2 Token or real dollars

It was dead...since I am mining with my U2 mining is alive again.
No seriously...
I am searchinf co-miners mining for me as worker...
of course only if you are a mittle miner who reach with difficulties the minimum payout.

notlist3d

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Quote from: zodiac3011 on October 23, 2015, 08:14:21 AM

In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

Alt coin mining is a hard game so much puump/dump. I also think less people rent MRR then they use to. A lot tend to use nicehash which pay is low a lot of the time.

You need to look into BTC mining more. It is far from dead, and only dead if high electricity or high vat.

zodiac3011

hero member

Activity: 770

Merit: 500

In my opinion, Mining bitcoin? yes it is dead unless you are a millionaire want to find something interesting to do in your free time by buying some huge machines for mining bitcoin. However mining altcoin is not dead yet and it will never be. There are a bunch of new coin everyday try to mine some and be the first one to dump it. This way you will be the winner. On the other hand, If you don't really want to mine alternate coin, try to sell contracts or get some customers on miningrentals... You may able to get some easily I think

notlist3d

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Activity: 1456

Merit: 1000

Quote from: VirosaGITS on October 22, 2015, 11:38:31 AM

Quote from: notlist3d on October 22, 2015, 02:28:09 AM

Quote from: Amph on October 22, 2015, 01:34:07 AM

Quote from: VirosaGITS on October 21, 2015, 03:58:26 PM

Quote from: DrG on October 21, 2015, 04:37:21 AM

Quote from: pjsonowal on October 18, 2015, 01:56:38 PM

We can say mining is a kind off dead now as now most of the btc dont want to invest money on. Asiic miners and waste money on bills... So slowly slowly miners are packing up from mining

Individual distributed miners yes. The conglomerates are continuing to amass given the 50% growth we've seen over the past couple of months.

I'm earning just fine, the key is just having cheap electricity, under 0.04$/kWh really make it a completely different games for home miners.

Of course the biggest growth will be in data centers, but also home miners that decide to man up and get into this new thing called "Bitcoin" when they realize they could make bank because they pay 0.02-0.04$/kWh.

if they culd porvide a cheap cloud , more cheap that hashnest, many miners could actually join the network, but with the maintanance fee their result is above 0.05, it's like you pay 0.1

because if it were 0.05 the roi would be 6 months

I'm hoping having brings some of the hosting centers down a little. Not sure if they will but I will keep hoping on it.

Not sure what will happen at having really. Will be interesting.

They could provide for cloud, but i don't really get it. I'd rather just mine it myself, if i have that much cheap electricity, having to deal with customers, questions, configuration, shipping out miners, egh, sound like a pain.

I'd just grab all the S3's i could and sometimes S5's and enjoy the high turnover and short ROI.

The way cloud mining is setup, it sound like they just make their ToS into a miner trap. Like Bitmain's 50$ per unit handling of the unit + shipping, tend to make people leave their units there and no claim them.

Look at the prices of S3.

I would rather mine with hardware as I enjoy playing with it myself. But if someone would hit my magic number .05 cents I might send them some miners to host for me (assuming it is well known data center).

But it would take me a that number and no vat. And I would try it slowly. Not jump in all at once there. As testing out is big.

VirosaGITS

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Quote from: notlist3d on October 22, 2015, 02:28:09 AM

Quote from: Amph on October 22, 2015, 01:34:07 AM

Quote from: VirosaGITS on October 21, 2015, 03:58:26 PM

Quote from: DrG on October 21, 2015, 04:37:21 AM

Quote from: pjsonowal on October 18, 2015, 01:56:38 PM

We can say mining is a kind off dead now as now most of the btc dont want to invest money on. Asiic miners and waste money on bills... So slowly slowly miners are packing up from mining

Individual distributed miners yes. The conglomerates are continuing to amass given the 50% growth we've seen over the past couple of months.

I'm earning just fine, the key is just having cheap electricity, under 0.04$/kWh really make it a completely different games for home miners.

Of course the biggest growth will be in data centers, but also home miners that decide to man up and get into this new thing called "Bitcoin" when they realize they could make bank because they pay 0.02-0.04$/kWh.

if they culd porvide a cheap cloud , more cheap that hashnest, many miners could actually join the network, but with the maintanance fee their result is above 0.05, it's like you pay 0.1

because if it were 0.05 the roi would be 6 months

I'm hoping having brings some of the hosting centers down a little. Not sure if they will but I will keep hoping on it.

Not sure what will happen at having really. Will be interesting.

They could provide for cloud, but i don't really get it. I'd rather just mine it myself, if i have that much cheap electricity, having to deal with customers, questions, configuration, shipping out miners, egh, sound like a pain.

I'd just grab all the S3's i could and sometimes S5's and enjoy the high turnover and short ROI.

The way cloud mining is setup, it sound like they just make their ToS into a miner trap. Like Bitmain's 50$ per unit handling of the unit + shipping, tend to make people leave their units there and no claim them.

Look at the prices of S3.

notlist3d

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Activity: 1456

Merit: 1000

Quote from: Amph on October 22, 2015, 01:34:07 AM

Quote from: VirosaGITS on October 21, 2015, 03:58:26 PM

Quote from: DrG on October 21, 2015, 04:37:21 AM

Quote from: pjsonowal on October 18, 2015, 01:56:38 PM

We can say mining is a kind off dead now as now most of the btc dont want to invest money on. Asiic miners and waste money on bills... So slowly slowly miners are packing up from mining

Individual distributed miners yes. The conglomerates are continuing to amass given the 50% growth we've seen over the past couple of months.

I'm earning just fine, the key is just having cheap electricity, under 0.04$/kWh really make it a completely different games for home miners.

Of course the biggest growth will be in data centers, but also home miners that decide to man up and get into this new thing called "Bitcoin" when they realize they could make bank because they pay 0.02-0.04$/kWh.

if they culd porvide a cheap cloud , more cheap that hashnest, many miners could actually join the network, but with the maintanance fee their result is above 0.05, it's like you pay 0.1

because if it were 0.05 the roi would be 6 months

I'm hoping having brings some of the hosting centers down a little. Not sure if they will but I will keep hoping on it.

Not sure what will happen at having really. Will be interesting.

Amph

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Quote from: VirosaGITS on October 21, 2015, 03:58:26 PM

Quote from: DrG on October 21, 2015, 04:37:21 AM

Quote from: pjsonowal on October 18, 2015, 01:56:38 PM

We can say mining is a kind off dead now as now most of the btc dont want to invest money on. Asiic miners and waste money on bills... So slowly slowly miners are packing up from mining

Individual distributed miners yes. The conglomerates are continuing to amass given the 50% growth we've seen over the past couple of months.

I'm earning just fine, the key is just having cheap electricity, under 0.04$/kWh really make it a completely different games for home miners.

Of course the biggest growth will be in data centers, but also home miners that decide to man up and get into this new thing called "Bitcoin" when they realize they could make bank because they pay 0.02-0.04$/kWh.

if they culd provide a cheap cloud , more cheap that hashnest, many miners could actually join the network, but with the maintanance fee their result is above 0.05, it's like you pay 0.1

because if it were 0.05 the roi would be 6 months

Tmdz

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Activity: 1008

Merit: 1000

Im one of the new people entering this game, at this time im really just playing around with the technology and learning about btc. But mining is far from dead and many people can make a few extra bucks if their smart enough. Trading your mined btc to individuals can net a decent profit which for people with higher rates can offset the electricity rates. Mining is the easy part, it brings btc into your wallet with basically no effort, its what you do with those credits that further determines how successful this currency can be for you.

notlist3d

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Activity: 1456

Merit: 1000

Quote from: VirosaGITS on October 21, 2015, 03:58:26 PM

Quote from: DrG on October 21, 2015, 04:37:21 AM

Quote from: pjsonowal on October 18, 2015, 01:56:38 PM

We can say mining is a kind off dead now as now most of the btc dont want to invest money on. Asiic miners and waste money on bills... So slowly slowly miners are packing up from mining

Individual distributed miners yes. The conglomerates are continuing to amass given the 50% growth we've seen over the past couple of months.

I'm earning just fine, the key is just having cheap electricity, under 0.04$/kWh really make it a completely different games for home miners.

Of course the biggest growth will be in data centers, but also home miners that decide to man up and get into this new thing called "Bitcoin" when they realize they could make bank because they pay 0.02-0.04$/kWh.

It is also done with pretty smart investing by some people. The top few datacenters we have seen pictures of they knew what they are doing. It is high risk and high reward.

We have all seen pictures of that one center full of SP gear after fire. So we can't say all were as smart or as lucky. I can't fault these big companies.

But home mining and hobby mining are still alive. I'm still doing it. Some with high electricity or rediclous vat have been pushed out... but there is not much you can do with a free market to prevent that. And there is always data centers for some.

VirosaGITS

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Quote from: DrG on October 21, 2015, 04:37:21 AM

Quote from: pjsonowal on October 18, 2015, 01:56:38 PM

We can say mining is a kind off dead now as now most of the btc dont want to invest money on. Asiic miners and waste money on bills... So slowly slowly miners are packing up from mining

Individual distributed miners yes. The conglomerates are continuing to amass given the 50% growth we've seen over the past couple of months.

I'm earning just fine, the key is just having cheap electricity, under 0.04$/kWh really make it a completely different games for home miners.

Of course the biggest growth will be in data centers, but also home miners that decide to man up and get into this new thing called "Bitcoin" when they realize they could make bank because they pay 0.02-0.04$/kWh.

DrG

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Quote from: pjsonowal on October 18, 2015, 01:56:38 PM

We can say mining is a kind off dead now as now most of the btc dont want to invest money on. Asiic miners and waste money on bills... So slowly slowly miners are packing up from mining

Individual distributed miners yes. The conglomerates are continuing to amass given the 50% growth we've seen over the past couple of months.

notlist3d

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Activity: 1456

Merit: 1000

Quote from: knowhow on October 20, 2015, 06:04:57 PM

Quote from: notlist3d on October 19, 2015, 07:16:17 PM

Quote from: knowhow on October 19, 2015, 06:32:29 PM

The big fact is who were at bitcoin mining on the start made some good income and most had roi on that time,nowadays the roi is hard to achieve but,not impossible as bitcoin keeps getting more value,and well it should keep growing slowly.Soo mine now can be a small profir or return montly,but on the next months or years it can turn into the roi thats why bitcoin has soo many interest on it.

Keep in mind selling rig in the end. A lot don't consider this in ROI. So technically if you get enough to pay off rig and sell you get a decent profit most of time. But yest it takes certain electricity pricing.

Mining is far from dead though.

Well most miners has just turned off their miners,they dont wanna to sell them ,are waiting a bigger value of bitcoin to return ,soo they only consider btc spend on the equipment,i had spent 10btc on a rig and i had earned 4 btc till the moment,just and example.I dont know how easy is to sell a miner to other person,did you sold some equipment or know someone doing it?

For most miners I think you are wrong on just turning off on big miners. People are selling to gain more money.... there is a entire sub thread to selling hardware on this forum. Or look at ebay on completed auctions.

Most miners sell when it no longer makes sense to mine with it. Depending on miner some hold a pretty good value even 2nd hand. I have been doing it since my GPU day's. Sold GPU's went into asics. Have sold every asic when I feel it makes more off of sale then me running it. I do lots of math to see what is best.

Honestly look into it on ebay on sold miners you will be surprised the number that are being sold. It is very common at this point.

knowhow

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Quote from: notlist3d on October 19, 2015, 07:16:17 PM

Quote from: knowhow on October 19, 2015, 06:32:29 PM

The big fact is who were at bitcoin mining on the start made some good income and most had roi on that time,nowadays the roi is hard to achieve but,not impossible as bitcoin keeps getting more value,and well it should keep growing slowly.Soo mine now can be a small profir or return montly,but on the next months or years it can turn into the roi thats why bitcoin has soo many interest on it.

Keep in mind selling rig in the end. A lot don't consider this in ROI. So technically if you get enough to pay off rig and sell you get a decent profit most of time. But yest it takes certain electricity pricing.

Mining is far from dead though.

Well most miners has just turned off their miners,they dont wanna to sell them ,are waiting a bigger value of bitcoin to return ,soo they only consider btc spend on the equipment,i had spent 10btc on a rig and i had earned 4 btc till the moment,just and example.I dont know how easy is to sell a miner to other person,did you sold some equipment or know someone doing it?

notlist3d

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Activity: 1456

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Quote from: knowhow on October 19, 2015, 06:32:29 PM

The big fact is who were at bitcoin mining on the start made some good income and most had roi on that time,nowadays the roi is hard to achieve but,not impossible as bitcoin keeps getting more value,and well it should keep growing slowly.Soo mine now can be a small profir or return montly,but on the next months or years it can turn into the roi thats why bitcoin has soo many interest on it.

Keep in mind selling rig in the end. A lot don't consider this in ROI. So technically if you get enough to pay off rig and sell you get a decent profit most of time. But yest it takes certain electricity pricing.

Mining is far from dead though.

knowhow

hero member

Activity: 560

Merit: 500

The big fact is who were at bitcoin mining on the start made some good income and most had roi on that time,nowadays the roi is hard to achieve but,not impossible as bitcoin keeps getting more value,and well it should keep growing slowly.Soo mine now can be a small profir or return montly,but on the next months or years it can turn into the roi thats why bitcoin has soo many interest on it.

Topic: Is mining dead ? - page 4. (Read 13033 times)