Mining is not dead, mining efficiency keeps going up. And if this remains that way I could see profit based mining surviving for even longer.
Topic: Is mining dead ? - page 7. (Read 13033 times)
So mining isnt dead it just on vacation.
No mining is not dead. Hashrate wouldn't be going up like crazy if it was dead. Many people that have resources and advantages (like cheap electricity) keep investing in mining a lot.
Unfortunately, mining is dead for the small people. Even worse for me is that mining becomes unprofitable for certain regions and only the regions with cheap electricity like China for example, are really profiting. We will where this brings us to, especially after the halving, if price stays the same then mining will become even more unprofitable for many people.
Unfortunately, mining is dead for the small people. Even worse for me is that mining becomes unprofitable for certain regions and only the regions with cheap electricity like China for example, are really profiting. We will where this brings us to, especially after the halving, if price stays the same then mining will become even more unprofitable for many people.
Don't bother. There's no money in mining Bitcoin anymore unless you have a lot to invest in hardware upfront.
Currently it isn't indeed. However, if the Bitcoin appears to be worth $1000 / $5000 next year, it appearently as profitable to mine now. However, you can also just buy the BTC now instead then, I think that's the better choice.
Electricity costs + initial costs to set up miners (including the actual buying of the devices ) in relation to the current income of BTC, makes it often not profitable to mine now. You might however, if your costs are very few. Mining altcoins might be profitable as some of them appear to be very volatile; and new ones might become worth something later on.
However, this does not mean that "mining" is dead. If the mining was "dead" and thereby no one mines anymore, the Bitcoin itself would be dead as no transactions can be handled anymore.
it is better to buy now, because buy the time you will roi, you will lose a big opportunity to have more bitcoin in case the diff rise and your profit will be reduced
instead with buying you could have much faster the same amount of bitcoin, wasted for purchasing the miners
Now how do you know that the price will rise again. I know it constantly fluctuates but who is to really say the price will reach over $300 again. Any signs or models that show that it will?
at this point the only way is waiting for the halving, because every news is not doing anything on the price, they just want more exposure for themselves
Don't bother. There's no money in mining Bitcoin anymore unless you have a lot to invest in hardware upfront.
Currently it isn't indeed. However, if the Bitcoin appears to be worth $1000 / $5000 next year, it appearently as profitable to mine now. However, you can also just buy the BTC now instead then, I think that's the better choice.
Electricity costs + initial costs to set up miners (including the actual buying of the devices ) in relation to the current income of BTC, makes it often not profitable to mine now. You might however, if your costs are very few. Mining altcoins might be profitable as some of them appear to be very volatile; and new ones might become worth something later on.
However, this does not mean that "mining" is dead. If the mining was "dead" and thereby no one mines anymore, the Bitcoin itself would be dead as no transactions can be handled anymore.
it is better to buy now, because buy the time you will roi, you will lose a big opportunity to have more bitcoin in case the diff rise and your profit will be reduced
instead with buying you could have much faster the same amount of bitcoin, wasted for purchasing the miners
Now how do you know that the price will rise again. I know it constantly fluctuates but who is to really say the price will reach over $300 again. Any signs or models that show that it will?
I don't know if it is profitable for most, but looking at the hashrate still increasing over time mining certainly is not dead.
http://bitcoin.sipa.be/
http://bitcoin.sipa.be/
it's because of the new s7, with better efficiency, as log as they cna milk on efficiency, the hashrate will always increase, but there will be a point where efficiency will be no longer a key factor, and thus the whole thing will be stuck
No where do i see a cost analysis in a calculator like using http://www.cloudmining.website/calculator.php WITH the fees involved
https://bitcoinwisdom.com/bitcoin/calculator is the best calculator I've found to date, with a bit of manipulation it can be made to work with "cloud mining" type services in general (though it doesn't work well directly with Hashnest PACMIC contracts, where the "profit" isn't directly related to the hash rate).
I don't know if it is profitable for most, but looking at the hashrate still increasing over time mining certainly is not dead.
http://bitcoin.sipa.be/
http://bitcoin.sipa.be/
Maybe is the eight time to buy cheap scrypt gblade?
Electricity still be done if it's free.
Bitcoin continuously falling in very bad condition now.
Bitcoin continuously falling in very bad condition now.
Even with free electricity I don't see a GPU making ROI. Your talking about a decent investment.
And GPU just does not pull in what they once did. Feel free to show some ROI math, but I dont see it recovering GPU cost anytime soon.
Some people got stacks of (used) GPU's for different reasons. I know some people in my neightbourhood that use to buy used desktops from people. They use these (used) parts for fixing computers of other peoples (hard discs, power units, mo-bo's and sometimes also GPU's). However, in doing this, they got plenty of GPU's (as they obviously don't have to replace these parts as for examble mobo's, memory of power units).
Although these are old GPU's (with little hashrate), you still can build a decent hashrate grouping these GPU's. BUT, this is only profitable if you've got the electricity for free indeed (and even then, it's not really worth taking care of it.. or dealing with the heat).
If you mine on new gpu centric coins with a gpu and constantly pump and dump and switch coins theres still a slim chance.. but more than likely will not ROI
That's true. In fact, you should be lucky enought to mine a very new coin which becomes popular later on. That's a way in which GPU mining still can be profitable (and that's the way how I succeed to cover the costs of buying almost a whole new desktop
). 
If you mine on new gpu centric coins with a gpu and constantly pump and dump and switch coins theres still a slim chance.. but more than likely will not ROI
Electricity still be done if it's free.
Bitcoin continuously falling in very bad condition now.
Bitcoin continuously falling in very bad condition now.
Even with free electricity I don't see a GPU making ROI. Your talking about a decent investment.
And GPU just does not pull in what they once did. Feel free to show some ROI math, but I dont see it recovering GPU cost anytime soon.
Electricity still be done if it's free.
Bitcoin continuously falling in very bad condition now.
Bitcoin continuously falling in very bad condition now.
I'm thinking to buy r9 to mine
Really? Please use a calculator in order to calculate your costs and (way less) income. Buying brand new GPU's in order to start mining, or even buying GPU's to start mining, is not a smart decision as GPU-mining is not likely to be profitable anymore. Unfortunately..
Do ROI math but most don't even get electricity paid for when mining with GPU's. And chances of ROI of GPU's is pretty much zero. It is sad but it is what it is.
Look into asics. Also what is your electricity price? This will have a lot to do with it.
I'm thinking to buy r9 to mine
Really? Please use a calculator in order to calculate your costs and (way less) income. Buying brand new GPU's in order to start mining, or even buying GPU's to start mining, is not a smart decision as GPU-mining is not likely to be profitable anymore. Unfortunately..
I'm thinking to buy r9 to mine
Mining is alive though . I personally would bet on BTC over the alts. Just provides more stability.
. I personally would bet on BTC over the alts. Just provides more stability.You think it's better to mine BTC directly instead of mining altcoins? Or are you talking about the future of these kinds of cryptocurrency?
I guess mining altcoins still is the better / more profitable choice than mining BTC directly. BTC has already a huge total hashrate due to the many ASICS, Scrypt coins do have much less hashrate.
mining is alive and should stay alive. At least for the time being.
especially with the price slowly creeping up
it was better few days ago, where with one s5 could give to you 0.012, now is 0.011 again, the diff will make the price increase useless as usual
mining is alive and should stay alive. At least for the time being.
especially with the price slowly creeping up
mining is alive and should stay alive. At least for the time being.
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