And bitcoin is up!
Topic: Is mining dead ? - page 8. (Read 12911 times)
Mining is not dead.
And bitcoin is up!
And bitcoin is up!
Or invest in alt coin which is much risker though.
Yep, because after a hard day of mining it's great to know you have 2000 shares of something you can't give away lol.
Ehh, what do you mean hodedowe?
Investing in altcoins is contains more risk than investing in BTC directly as;
- Altcoins are much more volatile
- Altcoins do have much less trading volume (which relates to the point mention just above)
- Rich people can buy suddently huge parts of all the mined altcoins (and thereby control the market)
- Altcoins are more likely to die as it has way less users
- Etc..
However. More volatility / more risk can also mean much more profit by investing in altcoins or short-term trading.
I think hes talking about pump/dump coins. Their value can drop drastically.
Mining is alive though
. I personally would bet on BTC over the alts. Just provides more stability. Or invest in alt coin which is much risker though.
Yep, because after a hard day of mining it's great to know you have 2000 shares of something you can't give away lol.
Ehh, what do you mean hodedowe?
Investing in altcoins is contains more risk than investing in BTC directly as;
- Altcoins are much more volatile
- Altcoins do have much less trading volume (which relates to the point mention just above)
- Rich people can buy suddently huge parts of all the mined altcoins (and thereby control the market)
- Altcoins are more likely to die as it has way less users
- Etc..
However. More volatility / more risk can also mean much more profit by investing in altcoins or short-term trading.
the best time for mine bitcoin is when the price rise, because the diff retarget is every two weeks, so in those time frame the network will actually produce more coins, and if you join it in those two week you can earn more
Or invest in alt coin which is much risker though.
Yep, because after a hard day of mining it's great to know you have 2000 shares of something you can't give away lol.
Hi, when I got into bitcoins, people around me already told me mining is dead. BTC mining will not make you any money because the electricity fee used will be greater than the outcome. Is this true? And how can btc mining be easier again?
It is true. Your electricity cost and maintenance cost will actually give you negative profit. But if you have free or cheap electricity and if you can lower down your maintenance cost you might make profit but in small amounts. It will even take time to ROI.
Better buy some low and try trading high for making profits. Or invest in alt coin which is much risker though.
i think mining is best left to the specialists, those with the money and hardware to run machines that spit out gigahashes per second
Is solo mining dead? The answer is yes and no.
If you're a normal person with normal power costs and normal ASIC hardware, the answer is yes. You should be in a pool unless you wipe your butt with $100 bills and would rather mine than buy BTC outright (cheaper).
If you're one of the lucky few with free electricity then solo mining is still 100% fun and profitable. Mine solo all you want. You can help Bitcoin by running a full node too.
Just pick your category and you can easily see what you should do.
If you're a normal person with normal power costs and normal ASIC hardware, the answer is yes. You should be in a pool unless you wipe your butt with $100 bills and would rather mine than buy BTC outright (cheaper).
If you're one of the lucky few with free electricity then solo mining is still 100% fun and profitable. Mine solo all you want. You can help Bitcoin by running a full node too.
Just pick your category and you can easily see what you should do.
if you have free electric you can still make profit but not much at all
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
If you look at it that way - you're right indeed. That's indeed the reason why I suggest people to invest in BTC directly (by buying it) than indirectly by buying mining equiptment.
I think it's actually quite a good moment to buy-in now. The troubles with the EU // Greece might positively influence the value of Bitcoin. (I can understand that some Greece inhabitants are very happy now that they own BTC; as they currently can not take much cash out of an ATM they have atleast 1 method to pay; BITCOIN! Some inhabitants don't have any cash yet, and are unable to buy groceries, medicines etc etc.)
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
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.
Don't bother. There's no money in mining Bitcoin anymore unless you have a lot to invest in hardware upfront.
This summer has actually been very good to miners. We have had a slow growth in BTC price, it seems to keep slowly going up (it does go up and down daily).
And maybe the biggest thing difficulty. The difficulty we have received multiple negatives during summer, and low increases for most part.
For a miner these two things are very good together. I personally decided to mine through summer adding fans and a new area, and I'm happy I did it.
And maybe the biggest thing difficulty. The difficulty we have received multiple negatives during summer, and low increases for most part.
For a miner these two things are very good together. I personally decided to mine through summer adding fans and a new area, and I'm happy I did it.
Mining is not dead. It is just being a zombie.
Hi, when I got into bitcoins, people around me already told me mining is dead. BTC mining will not make you any money because the electricity fee used will be greater than the outcome. Is this true? And how can btc mining be easier again?
not all lose if you have more capital not hard to get profit,
you can watch this short video https://www.youtube.com/watch?v=K8kua5B5K3I
you can learn more about problem bitcoin mining and how to fix it
Almost all equipment is priced with a break-even 3-4 months based on current value. Forecasting ROI is pointless because BTC has too much variation in pricing.
I am a newbie but a tech and wanted to get into mining. I have read 200+ posts here and soooo many web pages during a slow week-and have recently moved into an office that supplies co-hosting at no cost, and the empty racks are numerous-and they are air conditioned.
I was looking at http://www.ebay.com/itm/Bitmain-Antminer-S4-2TH-ASIC-Bitcoin-Miner/201371305407?_trksid=p2047675.c100005.m1851&_trkparms=aid%3D222007%26algo%3DSIC.MBE%26ao%3D1%26asc%3D31729%26meid%3D9a5eb40d77db45228daa2880fa1e5c5e%26pid%3D100005%26rk%3D2%26rkt%3D6%26sd%3D251993468862&rt=nc
to start off with, or a similar machine-and considering that I have no cost of electricity (included in my rent) and my internet connection at 50GB down/10GB out is also included, would I be getting into something profitable-or should I invest my $$$ into a cloud service and start at 10TH/s?
No where do i see a cost analysis in a calculator like using http://www.cloudmining.website/calculator.php WITH the fees involved, to make a good decision. Can anyone provide me something meaningful, perhaps someone using a this or a comparable cloud service? Based on this link at 10TH/s I could theoretically net 3.03 BT per month. What's the costs (I am sure that they erode the profits, but how significantly I do not know).
I do believe bitcoins are going up in price, slowly, from here on out. I could be wrong, of course...
Thanks!
A
I was looking at http://www.ebay.com/itm/Bitmain-Antminer-S4-2TH-ASIC-Bitcoin-Miner/201371305407?_trksid=p2047675.c100005.m1851&_trkparms=aid%3D222007%26algo%3DSIC.MBE%26ao%3D1%26asc%3D31729%26meid%3D9a5eb40d77db45228daa2880fa1e5c5e%26pid%3D100005%26rk%3D2%26rkt%3D6%26sd%3D251993468862&rt=nc
to start off with, or a similar machine-and considering that I have no cost of electricity (included in my rent) and my internet connection at 50GB down/10GB out is also included, would I be getting into something profitable-or should I invest my $$$ into a cloud service and start at 10TH/s?
No where do i see a cost analysis in a calculator like using http://www.cloudmining.website/calculator.php WITH the fees involved, to make a good decision. Can anyone provide me something meaningful, perhaps someone using a this or a comparable cloud service? Based on this link at 10TH/s I could theoretically net 3.03 BT per month. What's the costs (I am sure that they erode the profits, but how significantly I do not know).
I do believe bitcoins are going up in price, slowly, from here on out. I could be wrong, of course...
Thanks!
A
well it is true if you if you dont have cheap electricity, you should do your maths and check if for you it is profitable.
it is not just about electricity. you have to secure place, where are you mining, take care about fire hazard, internet connectivity, dust, humidity, there is lot of waste heat so during summer is air conditioning almost must - another expenses. I mean - there are more aspect then price per kW.
Hi, when I got into bitcoins, people around me already told me mining is dead. BTC mining will not make you any money because the electricity fee used will be greater than the outcome. Is this true?
well it is true if you if you dont have cheap electricity, you should do your maths and check if for you it is profitable.
And how can btc mining be easier again?
lets burn all those chinese farms!!
, is just a joke... Jump to: