Is Mining profitable? | Bitcointalksearch.org

ranochigo

legendary

Activity: 2982

Merit: 4193

Quote from: chiajw1 on November 05, 2015, 02:45:25 AM

Quote from: ranochigo on November 05, 2015, 02:38:54 AM

Quote from: chiajw1 on November 05, 2015, 02:14:53 AM

-snip-
Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?

It is worth it if the climate is cool and you have plenty of space. You should start with buying used but reliable hardware from trusted seller at the computer hardware sections. Unless the difficulty skyrockets like crazy, you should see some good profits. Is the internet connection reliable?

The internet speed is average 400 kbps. Ok or not?

IMO, if the latency is below 50, it would be okay for medium scale mining. Bandwidth do not matter a hell lot as stratum does not require a lot of bandwidth. Latency is key as it takes time for the packets to be delivered to the server. Try to choose a mining server that is closest to you.

chiajw1

newbie

Activity: 56

Merit: 0

Quote from: ranochigo on November 05, 2015, 02:38:54 AM

Quote from: chiajw1 on November 05, 2015, 02:14:53 AM

-snip-
Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?

It is worth it if the climate is cool and you have plenty of space. You should start with buying used but reliable hardware from trusted seller at the computer hardware sections. Unless the difficulty skyrockets like crazy, you should see some good profits. Is the internet connection reliable?

The internet speed is average 400 kbps. Ok or not?

ranochigo

legendary

Activity: 2982

Merit: 4193

Quote from: chiajw1 on November 05, 2015, 02:14:53 AM

-snip-
Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?

It is worth it if the climate is cool and you have plenty of space. You should start with buying used but reliable hardware from trusted seller at the computer hardware sections. Unless the difficulty skyrockets like crazy, you should see some good profits. Is the internet connection reliable?

chiajw1

newbie

Activity: 56

Merit: 0

Quote from: winspiral on November 04, 2015, 01:51:12 PM

Quote from: notlist3d on November 04, 2015, 01:27:59 PM

Quote from: winspiral on November 04, 2015, 12:38:05 PM

Quote from: notlist3d on November 04, 2015, 12:24:48 PM

Quote from: winspiral on November 04, 2015, 12:04:41 PM

Quote from: notlist3d on November 04, 2015, 11:49:24 AM

Quote from: winspiral on November 04, 2015, 11:24:57 AM

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the money, and not you. It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?

I'm giving you the honest truth. Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!". That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude. I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)

My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

It does not matter if you offer a service or good it does not matter. If the service has even small amount of BTC you will need escrow with your negative trust.

And again I'm not meaning to be rude. Until you get enough good trust or get those "mistakes" fixed. It is going to be hard to do any business direct.

It's not a business...it's an oppotunity.

Please just stop arguing on this post. I asked that is mining profitable, not what mining pool to join.
BTW i live in South East Asia Region with electricity of 0.03 usd/kWh. I can live for two weeks in here with just 1 bitcoin. Does it worth it?

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

Quote from: notlist3d on November 04, 2015, 01:27:59 PM

Quote from: winspiral on November 04, 2015, 12:38:05 PM

Quote from: notlist3d on November 04, 2015, 12:24:48 PM

Quote from: winspiral on November 04, 2015, 12:04:41 PM

Quote from: notlist3d on November 04, 2015, 11:49:24 AM

Quote from: winspiral on November 04, 2015, 11:24:57 AM

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the money, and not you. It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?

I'm giving you the honest truth. Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!". That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude. I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)

My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

It does not matter if you offer a service or good it does not matter. If the service has even small amount of BTC you will need escrow with your negative trust.

And again I'm not meaning to be rude. Until you get enough good trust or get those "mistakes" fixed. It is going to be hard to do any business direct.

It's not a business...it's an oppotunity.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: winspiral on November 04, 2015, 12:38:05 PM

Quote from: notlist3d on November 04, 2015, 12:24:48 PM

Quote from: winspiral on November 04, 2015, 12:04:41 PM

Quote from: notlist3d on November 04, 2015, 11:49:24 AM

Quote from: winspiral on November 04, 2015, 11:24:57 AM

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the money, and not you. It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?

I'm giving you the honest truth. Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!". That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude. I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)

My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

It does not matter if you offer a service or good it does not matter. If the service has even small amount of BTC you will need escrow with your negative trust.

And again I'm not meaning to be rude. Until you get enough good trust or get those "mistakes" fixed. It is going to be hard to do any business direct.

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

Quote from: notlist3d on November 04, 2015, 12:24:48 PM

Quote from: winspiral on November 04, 2015, 12:04:41 PM

Quote from: notlist3d on November 04, 2015, 11:49:24 AM

Quote from: winspiral on November 04, 2015, 11:24:57 AM

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the money, and not you. It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?

I'm giving you the honest truth. Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!". That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude. I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

It's ok...I have understood you...
But it is not a deal...it is a service.
No trust = no service.

"A" offers a service
"B" gets the service
and you want that "C" is escrow for free?
if "C" is not escrow for free...and ask escrow fees...then the fees are higher as the service is worth...(lol)

My "negative trust pointed" is a mistake...
I cannot correct the mistales of other people.(lol)

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: winspiral on November 04, 2015, 12:04:41 PM

Quote from: notlist3d on November 04, 2015, 11:49:24 AM

Quote from: winspiral on November 04, 2015, 11:24:57 AM

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the money, and not you. It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?

I'm giving you the honest truth. Any deal even if a few satoshi will need to be escrowed with you with the tag "Warning: Trade with extreme caution!". That tag no matter amount I think is going to require escrow on anything you do dealing with BTC no matter how much.

I don't mean to say it to be rude. I was trying to help with post as I think you will see it would take a escrow for someone to work with you on it.

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

Quote from: notlist3d on November 04, 2015, 11:49:24 AM

Quote from: winspiral on November 04, 2015, 11:24:57 AM

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the money, and not you. It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

I offer a service...
if someone is not interested or does not trust me...then basta...(lol)

We spoke about few satoshi:
situation #1
you mine solo in your pool...and you will never see your satoshi or you pay huge gees.

situation #2
you mine in my team and you will see the satoshi in YOUR wallet

And you would that an escrow is ask to manage all this stuff for few satoshi?

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: winspiral on November 04, 2015, 11:24:57 AM

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

If you do a "mining team" you likely would need to somehow escrow it where a very trusted escrow got the money, and not you. It is nothing personal just when you have "Warning: Trade with extreme caution!" beside name no one trusts you.

So if you want to do your idea get escrow for or else you likely will receive the same response you got above a lot.

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

Quote from: Finksy on November 04, 2015, 10:22:07 AM

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

Sorry you are wong...
why are you wrong?
because you have not read or not understood what I wrote.
you talk about BTC...I talk about satoshi
lost satoshi if you do reach not the minimum payout or if you reach it you have huge fees.

Then...please do not misinform people here with things you do not understand about.
Have a nice day.

Finksy

legendary

Activity: 1022

Merit: 1003

do NOT give this person any of your BTC. If mining themselves wasn't profitable, selling mining power to others would not be profitable for them, simple economics here.

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

Mining is (for me) not profitable but fun.
it is why I propose to all miners like me to join my mining team.
Who can interested by my offer?
All new miners who mine less then 1000 satoshi per day can be interested.
For the one who have already mined and have already too much satoshi on their pool account are of course not...itll their mext payout.

Miners who mine over 1000 satoshi can also profit...but the profit is less or are juste paid more often.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: examplens on November 04, 2015, 07:22:02 AM

hm now price 1BTC=450$ and expect to go more up
where the price of the bitcoin starts to be profitable mining

There is no one point. Mining is so individual we would need to know your information to know if profitable.

What is your electricity price? And do you have a vat/income tax? With those we can tell you a general idea, but always ROI math with a mining calculator you trust. A lot are profitable at this point.

examplens

legendary

Activity: 3248

Merit: 3098

hm now price 1BTC=450$ and expect to go more up
where the price of the bitcoin starts to be profitable mining

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: QuintLeo on October 30, 2015, 05:54:37 AM

There are way too many worthless altcoins already, what the world does NOT need is yet more coin launches.

actually those altcoin, help spreadin the bitcoin among several users, instead of having few contorlling the most

for example without mining i would have been forced to buy bitcoin, instead tnx to mining alt, i've acquired a good amount of bitcoin

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: winspiral on October 30, 2015, 06:06:04 AM

I am mining and it is not profitable for me.
But it does absolutly not matter.
And I have paid the highest price for my U2
I have not wanted try with a second hand and I have prefered to have the garantee to return it if problems or I were unable to use it.

So now I do not regret to have it even if I'm in lost certainly for ever.

I propose the "comining"...so if you are a micro miner like me...comine with me and you will save the high fees for little withdraw.
Think about.

Stick miners are not for profit they are for fun. It just cost's more per hash on stick miners. So using a U2 really is not going to get you a profit.

But yes mining is profitable for many people still. A lot were profitable at 230..... so at 330 per coin that is a hug bump in mining so many more are much more profitable now.

StarofBTC

hero member

Activity: 1148

Merit: 528

Actually it depends :-

1) Is electricity cheap in your country ?
2) whats your hashrate ?
3) Which coin you are mining ?

These are the questions that needs to be answered before doing mining

1) If you have cheap electricity in your country and electricity then yeah mining is profitable .
2) If your hashrate is pretty low or you are mining on your notebook with gpu and cpu cores then my friend its not profitable at all, moreover you will
end your laptop with heating issues and may sometime lead to gpu failure . Go with ascii miner .
3) Also depends what coin you are mining , like new coins just settled up have a low block reward so go with those ones who have higher block reward.

winspiral

legendary

Activity: 1778

Merit: 1026

Free WSPU2 Token or real dollars

I am mining and it is not profitable for me.
But it does absolutly not matter.
And I have paid the highest price for my U2
I have not wanted try with a second hand and I have prefered to have the garantee to return it if problems or I were unable to use it.

So now I do not regret to have it even if I'm in lost certainly for ever.

I propose the "comining"...so if you are a micro miner like me...comine with me and you will save the high fees for little withdraw.
Think about.

QuintLeo

legendary

Activity: 1498

Merit: 1030

There are way too many worthless altcoins already, what the world does NOT need is yet more coin launches.

Topic: Is Mining profitable? (Read 2270 times)