tougher every year yes --- it grows each year -- yet the prices rise at it is about to touch 10k !!!!!!!!
in the future it will not be worth it the roi will be so high --
but the current times allow for profit -- at least until 2020
Topic: Mining in 2017? (Read 2595 times)
I would say it gets hard every year. This is because the industry of mining cryptocurrencies grew and big companies ventured into it making the competition level very strong. If you will be just an individual miner, you will notice that you will have hard time competing with the big companies. To be more profitable, I would suggest you get a cheap source of power or electricity. Look for areas that has cheap electricity rate or try on making a manual electricity provider like wind or water mills.
Mining is profitable this is one of best source of bitcoin or other altcoin if you have own mining rigs with more powerful hardware and i think more miners earn huge profit because of big current value of bitcoin.
Some miners who mine bitcoin are transferring to mine altcoin because they feel the huge transaction fee in bitcoin that is why they feel the profit in altcoin mining than bitcoin.
Yes I also observed this. Even when looking at exchanges right now, some altcoins even have double digits percentage increases in their values. They are catching up with bitcoins.Some miners who mine bitcoin are transferring to mine altcoin because they feel the huge transaction fee in bitcoin that is why they feel the profit in altcoin mining than bitcoin.
Hey what you have replied here. That above user had been speaking about the bitcoin transaction fees and mining process but you are saying about the exchange and altcoin price bumps bro. If you want to any spam post why you are posting here bro. There are many redundant threads available in the forum you can check the concern the thread to do that.
Moreover you should know that your post might be deleted by the moderators so please be careful you are making posts in the dead threads.
Mining is profitable this is one of best source of bitcoin or other altcoin if you have own mining rigs with more powerful hardware and i think more miners earn huge profit because of big current value of bitcoin.
Some miners who mine bitcoin are transferring to mine altcoin because they feel the huge transaction fee in bitcoin that is why they feel the profit in altcoin mining than bitcoin.
Yes I also observed this. Even when looking at exchanges right now, some altcoins even have double digits percentage increases in their values. They are catching up with bitcoins. Some miners who mine bitcoin are transferring to mine altcoin because they feel the huge transaction fee in bitcoin that is why they feel the profit in altcoin mining than bitcoin.
I had some problems with monero minexmr.com pool. My payments were not consistent. Any other ha bad experiences with them?
If you are suspicious about this pool - just change it. It is easier and there are a lot of pools
I had some problems with monero minexmr.com pool. My payments were not consistent. Any other ha bad experiences with them?
Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
Mining in 2017 is very profitable, but you just need to invest a lot of time, a lot of electricity and a lot of money to earn income. Otherwise you just also need to wear you patience because before you recover your capital you can wait long period of time. Also you just need to become patience, because if not I think you can't be successful in this line of job. 
Mining is profitable this is one of best source of bitcoin or other altcoin if you have own mining rigs with more powerful hardware and i think more miners earn huge profit because of big current value of bitcoin.
Some miners who mine bitcoin are transferring to mine altcoin because they feel the huge transaction fee in bitcoin that is why they feel the profit in altcoin mining than bitcoin.
Some miners who mine bitcoin are transferring to mine altcoin because they feel the huge transaction fee in bitcoin that is why they feel the profit in altcoin mining than bitcoin.
Hi guys. Newbie here.
Just want to hear your ideas if mining in 2017 is still as lucrative as the previous years?
especially with the upcoming halving.
Thanks for the insight!!!
bitcoin will always be profitable, especially still its bnyak users who always faithfully plays bitcoin. because, bitcoin is very unique and bitcoin will also always benefit for its users.Just want to hear your ideas if mining in 2017 is still as lucrative as the previous years?
especially with the upcoming halving.
Thanks for the insight!!!
bitcoin is a very promising currency and currency that is now widely used by people. Hehehe
Mining bitcoin requires a hefty investment. It is probably still profitable but it's not as easy as it used to be. For the bitcoin you need Asic miner, cheap electricity, safe room (possibly with air conditioning). Money can be made but it takes a lot to invest. Mining with PC video cards is option for some altcoins and you can earn small amount of money - depending on the coin and on the mining rig.
For me mining is also profitable yet it needs a lot of requirements so that you can gain.as talked mining needs to be safe and your computer must be in full condition as needed for this, although Im not taking mining but still I have an idea because I'm coming up to it soon as I am prepared.For now I'll be studying for mining strategy so that maybe I fail but not too much if I go for it alteady.
As of now it's profitable as I observed yet diffucult one also.
I guess yes, it is still profitable. Mining is something very costly yet something very basic in the world of Bitcoins.
If you decide to mine, read on the experience of miners for you to know what to expect as regards costing vis a vis your expectations. You have to align your amount of investments to your expectations for you to know what are the factors you need to consider at the very least.
So as for me, if you have the money and the luxury of time to mine, I would say, go for it!
If you decide to mine, read on the experience of miners for you to know what to expect as regards costing vis a vis your expectations. You have to align your amount of investments to your expectations for you to know what are the factors you need to consider at the very least.
So as for me, if you have the money and the luxury of time to mine, I would say, go for it!
Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
I have also read from the web of the high expense of using Asic mines. What do you think is an alternative mining setup that is cheaper but still produce good returns?If you really want to profit from mining then you have no choice but to really buy those expensive mining hardware such as Asic. That's why most of the posters here have said that you need to have huge capital to begin with and take in consideration the cost of electricity. Are you willing to cough out money in order to get profit? Then for me its really makes sense to buy premium mining gear instead of looking for alternative because they won't give you a good returns as compare to Asics latest models. IMHO.
Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
I have also read from the web of the high expense of using Asic mines. What do you think is an alternative mining setup that is cheaper but still produce good returns?If you really want to profit from mining then you have no choice but to really buy those expensive mining hardware such as Asic. That's why most of the posters here have said that you need to have huge capital to begin with and take in consideration the cost of electricity. Are you willing to cough out money in order to get profit? Then for me its really makes sense to buy premium mining gear instead of looking for alternative because they won't give you a good returns as compare to Asics latest models. IMHO.
Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
I have also read from the web of the high expense of using Asic mines. What do you think is an alternative mining setup that is cheaper but still produce good returns?
Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
Thanks for the insights guys. Based on your inputs one should really have to think many times before investing in mining.
Yes of course as much as you will invest you will get the output from the bitcoin mining. It is up to the person who is investing and this will help the people to buy more bitcoin and will mine more and more, the future of the bitcoin user is very high and all the people are now using the multi process for the bitcoin user to earn more and more, I hope the future will be more than this but the capital is needed to invest.
mining is always the battle of what you earn versus what you spend.
the costs are the initial investment to buy equipment (in this case ASICs) and then the constant cost of electricity. and in case you are thinking big like a farm, then the cost of space.
the income is based on price of bitcoin and how much bitcoin you will get from your hashrate.
obviously the income is huge and growing now. but the issue is always going to be the growing difficulty and the fact that you will earn less bitcoin because with rise of hashrate you will have a smaller share. so you have to still have a cheaper "costs" in total.
the costs are the initial investment to buy equipment (in this case ASICs) and then the constant cost of electricity. and in case you are thinking big like a farm, then the cost of space.
the income is based on price of bitcoin and how much bitcoin you will get from your hashrate.
obviously the income is huge and growing now. but the issue is always going to be the growing difficulty and the fact that you will earn less bitcoin because with rise of hashrate you will have a smaller share. so you have to still have a cheaper "costs" in total.
Gpu mining is profitable if you are living in a low cost electricity country like here in the Middle East.
a bit newbie. Which is more practical now fo bitcoin mining, GPU or ASICs hardware? Thanks!
Gpu mining is profitable if you are living in a low cost electricity country like here in the Middle East.
I think not, investment is better when compared to mining, that's a good idea for 2017, because among them (the miners) many have experienced disappointment, I know of some of their posted threads.
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