Mining cryptocurrency still is a good idea? - page 2.

bitfools

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Quote from: bizdev on November 17, 2017, 06:01:23 AM

Hey anyone aware of Dash coin mining and how profitable it is "realistically".

NO its NOT, the BITMAIN D3 killed that, and now nobody is making money on x11 mining, other than DASH all the other X11 coin are penny-alts, not worth mining, and now with a D3 that costs $1500, you can earn $4/day, less power of $4/day, NET-zERO

Go to the moon

DASH is not longer a GPU coin, it is now an ASIC coin, but even those with ASIC's make no money mining DASH

bizdev

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Activity: 230

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Big fan of P2PS, the future of altcoins.

Hey anyone aware of Dash coin mining and how profitable it is "realistically".

bizdev

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Activity: 230

Merit: 10

Big fan of P2PS, the future of altcoins.

Quote from: Semaj123 on November 16, 2017, 09:07:57 AM

Quote from: juanichiloco on November 16, 2017, 08:01:37 AM

As long as it's still profitable then it is worthwhile mining.

Another option if you want to get paid in BTC would be NiceHash.

Mining cryptocurrency in this state is really hard this is just because the reward is getting small due to the increasing number of miners. So the more the miners the smaller and hard to get bitcoin. Investment is the best to cryptocurrency due to its volatility and many are now getting interested in crypto.

I seem to partially agree with you but am wondering how someone who may not have the resources needed for investment could still participate in the run through mining.

Semaj123

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Activity: 434

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Quote from: juanichiloco on November 16, 2017, 08:01:37 AM

As long as it's still profitable then it is worthwhile mining.

Another option if you want to get paid in BTC would be NiceHash.

Mining cryptocurrency in this state is really hard this is just because the reward is getting small due to the increasing number of miners. So the more the miners the smaller and hard to get bitcoin. Investment is the best to cryptocurrency due to its volatility and many are now getting interested in crypto.

bizdev

member

Activity: 230

Merit: 10

Big fan of P2PS, the future of altcoins.

I will start looking into NiceHash. Please let me know other profitable ones to mine too. Thank you.

hheight

full member

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Mining still can be profitable. Do some research and choose the most promising coin to mine Wink

juanichiloco

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As long as it's still profitable then it is worthwhile mining.

Another option if you want to get paid in BTC would be NiceHash.

sindikat

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Quote from: Suslived on November 16, 2017, 04:59:40 AM

Mining crypto is surely profitable. Be it altcoin or bitcoin mining itself. All you need to do is research, research, research. There is a huge amount of online resources that can guide you every step of the way. It is up to you to control your financial future. Invest in crypto now while you can.

It is wrong to state unequivocally as you do. I'm sure you don't do mining so you make such a conclusion. In different countries the price of electricity also may vary significantly. Mining in China can be profitable and in Europe can be profitable. So many factors influence the profitability of mining and therefore in each case it is necessary to individually calculate the profitability.

Suslived

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CryptoTalk.Org - Get Paid for every Post!

Mining crypto is surely profitable. Be it altcoin or bitcoin mining itself. All you need to do is research, research, research. There is a huge amount of online resources that can guide you every step of the way. It is up to you to control your financial future. Invest in crypto now while you can.

tatam

newbie

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Ya mining crypto is good and profitable if u Lear how to and kw the techniques

MiningBenchmark

newbie

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Quote from: deepcryptomine on November 16, 2017, 02:40:37 AM

Quote from: bizdev on November 16, 2017, 01:04:30 AM

Dear All,

Thank you for the great ideas shared. Wonder if GPU mining is still profitable especially for BTC. Please enlighten me. Thank you in advance.

GPU mining is not profitable for btc. You will get more btc by mining other altcoins and then trading those for btc.
Mining crypto is still a good idea. It depends also on what kind of mining equipment you have or can afford.

He is tallking about bitcoingold (BTG) which is still interesting to mine on GPU (especialy on nvidia GPUs) and not about Bitcoin (BTC) that it is no longer possible to mine otherwise than with specific ASICS

bizdev

member

Activity: 230

Merit: 10

Big fan of P2PS, the future of altcoins.

Thank you for the valuable information you posted. Will now look more into altcoins mining and conversion to BTC. Thank you.

deepcryptomine

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Quote from: bizdev on November 16, 2017, 01:04:30 AM

Dear All,

Thank you for the great ideas shared. Wonder if GPU mining is still profitable especially for BTC. Please enlighten me. Thank you in advance.

GPU mining is not profitable for btc. You will get more btc by mining other altcoins and then trading those for btc.
Mining crypto is still a good idea. It depends also on what kind of mining equipment you have or can afford.

richan

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Activity: 392

Merit: 11

Is mining that coins still proiftable?

bizdev

member

Activity: 230

Merit: 10

Big fan of P2PS, the future of altcoins.

Dear All,

Thank you for the great ideas shared. Wonder if GPU mining is still profitable especially for BTC. Please enlighten me. Thank you in advance.

leonix007

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Grow with community

Quote from: davemanet on November 16, 2017, 12:31:58 AM

so what happens with Eth switches to POS? all the current mining power will go to something like Monero and will decrease profits right?

Still a lot of Ethash algo that is profitable than ETH, so for now ETH to POS is rather fuss, no need to worry about, oh btw, I don't mine ETH for a couple of weeks now.

davemanet

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so what happens with Eth switches to POS? all the current mining power will go to something like Monero and will decrease profits right?

Etherion

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buy the coins. Speculation historically made a lot more than mining. I would now say that mining only makes money when speculation makes alot more

leonix007

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Grow with community

Quote from: Bitcall on November 15, 2017, 04:34:42 PM

anyone can suggest any good crypto to mine ?

You may use online calculators for today's good crypto to mine and decide for yourself. Take note of the Word 'TODAY', as it change time to time

Anyways this question always pop up, Please take time to read

https://bitcointalksearch.org/topic/m.22248565

killerelite

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Answering you main question
Yeah mining cryptocurrency is still a good idea , Its was always a good idea you just need to hold till price is good because mining and selling is kinda stupid considering all the profit you might lose but yeah people need to pay their bills , so better hold 50percent of ur minings anyways I am currently mining zcoin since had a nad experience with btg as pool luck and other factors gave me less than i would have made otherwise , and price still decreasing but if the price takes off like bitxoin cash then that would have been hella profitable

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