Is Mining profitable? | Bitcointalksearch.org

Flyskyhigh

sr. member

Activity: 291

Merit: 250

Ezekiel 34:11, John 10:25-30

Quote from: hydroboost on November 09, 2016, 05:30:38 PM

Hello,

So I am currently very interested in Bitcoin or Litecoin mining.
I aleready read many articles and threads about this and I can´t decife whether or not i should buy an ASIC miner.
I was thinking about sartink glow with just a single miner. I would spent about 500$ for it but I don´t really know if I could make profit from it.

Could anybody give me advise about it, and maybe ell meIf and how its still possible to make profit with mining?

I used to be a miner. But it became not profitable for me. I switched to the minting Mintcoin method and it works well for me. You may want to consider it. $500 investment will get you about 15,000,000 MINT coins. These will mint and produce a dividend of 750,000 MINT coins per year, which you could keep saving to reinvest, or you could sell them and buy BTC with it. At current exchange rates, from $500 you'd make about 0.023 BTC per year. Not bad for a $500 investment, and then you could always sell your 15,000,000 MINT coins back if you want too. I use Mintcoin as a miner; it is a good method, you just have to be quite calculating on the exchange rates conversions, because there can sometimes be a lot of volatility.

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: habibruis on December 28, 2016, 05:00:49 AM

I think mining is not profitable becoz most of mining site don't pay anything.

you don't use cloud to mien you buy your own s9 antminer and mine with it currently, it would give you $324 per month

even assuming your electricity is 25 cent you are still making a profit, but roi will be almost two years in that case

BigBoom3599

sr. member

Activity: 462

Merit: 250

In the end I think bitcoin will always be profitable to mine, because if it's not, miner will stop and the difficulty will drop so that it'll be more profitable again. Ofcourse you still need cheap electricity. Tongue

Shady

full member

Activity: 294

Merit: 100

Life is a game, you either play it or get played.

Despite popular belief, BTC has a bright future so mining is always proftable holding it over time.

There are large mining farms in Asian countries drilling all sorts of cryptocurrencies, but the numbers come when the price of them increases.

It takes awhile longer every time the nodes half, but may still be worth the extra effort playing the market exchanges until more investment opportunities become available.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote

Solar panel still unavailable in my country.

Where do you life?

freemanjackal

sr. member

Activity: 378

Merit: 250

there is a course in coursera about cryptocurrency where they explain a lot of things, mining among them and differents generations for bitcoin mining, it is a good course

habibruis

member

Activity: 328

Merit: 20

I think mining is not profitable becoz most of mining site don't pay anything.

JANGKRIK BOSS

full member

Activity: 224

Merit: 100

Quote from: Zadicar on December 21, 2016, 06:59:13 AM

Quote from: lOvE mE forEvEr on December 19, 2016, 07:11:21 PM

Yes of course it is still profitable, the price of the bitcoin continues to rise. This is one of the factors that is most flattering if we are mining. Electricity cost is the biggest problem for me, but we can use alternative energy such as solar energy. I try use solar energy, but the price is too expensive. Only hope the price reach $800 and now $790, and I will start for mining with S7.

Setting up solar panels would really do but the price would really make roi too longer and as you said electricity would really be a big factor if we tend to mine bitcoin $500 would be enough to buy an s7 asic miner but i think profits would be hard and difficulty is rising and we should think that even mining on s9 miners could still hardly gain profits how about more on s7.

Solar panel still unavailable in my country. S7 is very expensive. But with this price that could make mining profitable, I've long turn off 5 units S5, I will start mining on Sunday or last year, estimates could profit and generate about 1.2 BTC with 5 unit S5.

Zadicar

legendary

Activity: 1302

Merit: 1018

Cashback 15%

Quote from: lOvE mE forEvEr on December 19, 2016, 07:11:21 PM

Yes of course it is still profitable, the price of the bitcoin continues to rise. This is one of the factors that is most flattering if we are mining. Electricity cost is the biggest problem for me, but we can use alternative energy such as solar energy. I try use solar energy, but the price is too expensive. Only hope the price reach $800 and now $790, and I will start for mining with S7.

Setting up solar panels would really do but the price would really make roi too longer and as you said electricity would really be a big factor if we tend to mine bitcoin $500 would be enough to buy an s7 asic miner but i think profits would be hard and difficulty is rising and we should think that even mining on s9 miners could still hardly gain profits how about more on s7.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: Zeta0S on December 13, 2016, 11:17:08 PM

Quote from: JANGKRIK BOSS on December 13, 2016, 10:17:40 PM

Of course mining is still profitable, but the important thing that we have to consider the factor is electricity. If your electricity prices 10 cents or less, or you use solar energy definitely profitable.

There is gonna be a Euro fork 31.12.2016

Nope.

UK is pulling OUT of the Euro, and reverting to the Pound (which I don't think entirely went away anyway).

Completely different concept from a fork.

Skarner21

hero member

Activity: 700

Merit: 500

Massive price drop coming...

Quote from: lOvE mE forEvEr on December 19, 2016, 07:11:21 PM

Yes of course it is still profitable, the price of the bitcoin continues to rise. This is one of the factors that is most flattering if we are mining. Electricity cost is the biggest problem for me, but we can use alternative energy such as solar energy. I try use solar energy, but the price is too expensive. Only hope the price reach $800 and now $790, and I will start for mining with S7.

If you can just hold your bitcoin it can be profitable if you sell your bitcoin for the better price increase for the future if you are just mine bitcoin and pay for the bills for electricity it is hard to save a large amount of bitcoin.. better to find a way to get more budget or earn bitcoins.. like here in my country we have free electricity that i think it is good to mine and earn good amount of bitcoin without deducted electricity bill..

lOvE mE forEvEr

full member

Activity: 238

Merit: 100

Yes of course it is still profitable, the price of the bitcoin continues to rise. This is one of the factors that is most flattering if we are mining. Electricity cost is the biggest problem for me, but we can use alternative energy such as solar energy. I try use solar energy, but the price is too expensive. Only hope the price reach $800 and now $790, and I will start for mining with S7.

sikkan

sr. member

Activity: 504

Merit: 250

It can be, if you know what coin to mine. Mining bitcoin directly gives a low reward, but finding the good altcoins can be very profitable!

siti25

hero member

Activity: 574

Merit: 503

Quote from: hydroboost on November 09, 2016, 05:30:38 PM

Hello,

So I am currently very interested in Bitcoin or Litecoin mining.
I aleready read many articles and threads about this and I can´t decife whether or not i should buy an ASIC miner.
I was thinking about sartink glow with just a single miner. I would spent about 500$ for it but I don´t really know if I could make profit from it.

Could anybody give me advise about it, and maybe ell meIf and how its still possible to make profit with mining?

i suggest

you have to look rotation digital coin,

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: JANGKRIK BOSS on December 13, 2016, 10:17:40 PM

Of course mining is still profitable, but the important thing that we have to consider the factor is electricity. If your electricity prices 10 cents or less, or you use solar energy definitely profitable.

There is gonna be a Euro fork 31.12.2016

JANGKRIK BOSS

full member

Activity: 224

Merit: 100

Of course mining is still profitable, but the important thing that we have to consider the factor is electricity. If your electricity prices 10 cents or less, or you use solar energy definitely profitable.

jvc12

newbie

Activity: 14

Merit: 0

in anything that one does in this life what matter most in life is understanding so most people does people does mining for mining sake why some other people does it for the profit of making more money because with time it will be one currency which people will be using in the future so mining is profitable.

Sex Video Chat VKcams.com

sr. member

Activity: 490

Merit: 252

http://VKcams.com/

The truth is that is no guide how to have a $ or € profit on mining forks.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: cynicalgamer on November 18, 2016, 10:42:35 AM

i was thinking about getting 3 antminer s9 and dont pay any electricity how much profit i'm i looking at with these 3 antminer s9

There are sold out on bitmain i think

cynicalgamer

newbie

Activity: 6

Merit: 0

i was thinking about getting 3 antminer s9 and dont pay any electricity how much profit i'm i looking at with these 3 antminer s9

Topic: Is Mining profitable? (Read 6135 times)