Topic: Is Mining profitable? - page 3. (Read 6201 times)
mijing can only be profitable if we invest a greater amount i mean to get bigger hash power we need expensive mining ridges and a good maintaining system for it like an airconditner or something. we already know chaina is the largest mining place for bitcoin so better take notes from their videos
what country have a low cost of electricity
This is a wrong idea.
Mining is OK for Non-Bitcoin mining.
Is mining still profitable? 
I think mining is only profitable for countries with low electricity cost
Thats right,so what country have a low cost of electricity? Here in our country electricity is our no.1 demand ,thats why electricity here is so expensive. 
I think mining is only profitable for countries with low electricity cost
because as everyone said already if your electricity is not free or is not of low cost
Are You sure?
Listen, please better this topic.
People give the options, when mining is profitable.
Here are 2 options, or they are trying to lie or You have not correct vision of profitable mining.
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?
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?
You should rather invest that $500 somewhere else than just wasting it on mining, because as everyone said already if your electricity is not free or is not of low cost then mining would give nothing to you as whatever you will earn it will go in electricity costs.
Invest that money in trading that can generate some profits to you with the time, try to learn some articles about it and go for it.
I can tell you about my own experience. I invested on cloud mining many months ago (a reputable one). They have FB page, they show proof of real mining equipments, they show their face to investors. So I thought it was a good investiment to make.
Unfortunelly, it wasn't! I bought some mining power on lifetime contract hoping to make some easy money, but my income was lower each new day. I wasn't earning money with my investiment. After some weeks, I concluded it was not a good investiment and reading reviews of other members I had sure. If you want to make profit and don't lose your money, don't invest on this kind of service.
Unfortunelly, it wasn't! I bought some mining power on lifetime contract hoping to make some easy money, but my income was lower each new day. I wasn't earning money with my investiment. After some weeks, I concluded it was not a good investiment and reading reviews of other members I had sure. If you want to make profit and don't lose your money, don't invest on this kind of service.
If you have the right equpment YES
If you think you will have a low electrical bill YES
If you study a lot about mining and be patient YES
If you think you will have a low electrical bill YES
If you study a lot about mining and be patient YES
If you have no electricity costs it will be profitable. Also for cloud mining you won't earn much more than you invested, it's caused by difficulty increasing.
bitcoin mining is profitable you just have to be patient and read alot of article on the web and also learn from others who have been in the business
now days it's just waste of time.
even if u have low electricity cost,i take so much time to recover investment.
even if u have low electricity cost,i take so much time to recover investment.
Mining is profitable again. I stopped mining 2 years ago, but I am thinking to start mining again using graphic cards (alternative cryptos).
That's the best way to start mining again. ETH and Ethereum Classic can make you profit if you have cheap electricity and start mining with good GPU with low voltage like the RX 460 , can make you 30 USD profit or even more if you really have cheap or free electricity. Beside that there are coins that can be mined via the CPU like the Bytecoin (BCN) and MONERO (XMR) although not that much profitable nowadays.
If you wanna mine with hardware , mining with GPU-s is the most profitable way at the moment.
Mining is profitable again. I stopped mining 2 years ago, but I am thinking to start mining again using graphic cards (alternative cryptos).
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?
invest some money in buying the latest hardware to mine the coins and make sure you will be in profit with the machine you have purchased.Investment is needed to start mining at this stage and even that does not guarantee that you will be in profit ,you could still mine Zcash,XMR or ETh 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?
with price increases.
There is no "price". Only the exchange rate. In the day, when no one will buy BTC the echange rate become $0
Mining isn't profitable for BTC unless you sell over with price increases.
In all honesty your best bet might be with alternative cryptocurrencies... There's nothing better than finding multiple sources on how to gain from Bitcoin investments with web services rather due to new era opportunities replacing the last.
In all honesty your best bet might be with alternative cryptocurrencies... There's nothing better than finding multiple sources on how to gain from Bitcoin investments with web services rather due to new era opportunities replacing the last.
You need to have pretty low electricity costs. And, anyways, mining is too hard nowadays to cover the cost of the ASIC mining hardware. Dont try to mine using your desktop/laptop, you wont get anything other than ruining your PC.
It still can be profitable if your electricity is cheap, but it is not too profitable anymore after the halving event, so if you want to get rich with mining it will be quite difficult
Already said by biffa,if you have low electricity cost or free electricity ,mining could be profitable but if not,mining is just a waste of time,your profit on mining is not enough to pay your electricity bill.
This one, only electricity thiefs make some $ or its quite impossible. U would need to develop ur own mining chips which is also impossible if u are outside of chip production. Jump to: