Topic: Mining in 2017? - page 2. (Read 2522 times)
Mining bitcoin is becoming more and more expensive. If you have the money to invest in your mining setup you will have to consider the cost of upgrading everything sooner rather than later. If you are to mine alt coins and then convert to bitcoin it can be your cheapest option.
mining in this year is very good as last year.
I think 2017 will be a difficult year in mining industry. Because the wave is too big and too much. Of course。 There are many opportunities in 2017, if you sell BTC in the first half of the year to buy ore machines, you make money
Earlier I read that Satoshi's vision for Bitcoin mining was that eventually it would be done in large mining datacenters. I guess it is already happening, a lot sooner than we expected!
Yeah that's right, so it's time for other altcoins. I think for small miners altcoins like DASH, Monero, BCC and Litecoin are still profitable... Just one thing to say about cloud mining; stay away!
If I were to mine altcoins, which do you think would give the best returns? thanks!
Earlier I read that Satoshi's vision for Bitcoin mining was that eventually it would be done in large mining datacenters. I guess it is already happening, a lot sooner than we expected!
Yeah that's right, so it's time for other altcoins. I think for small miners altcoins like DASH, Monero, BCC and Litecoin are still profitable... Just one thing to say about cloud mining; stay away!
the "upcoming" halving is not for a couple of years. 2020 to be exact.
and mining bitcoin is always something that will be profitable. most of the time profitable by a lot for example if you can find away to buy latest ASIC miners cheaper (eg be in China), or find a way to have cheaper electricity (some countries have much cheaper electricity cost).
and with bitcoin price rising it remains the most profitable thing to do. and with the way difficulty works it will remain profitable because for example if it stops being profitable, miners will leave and difficulty will come down and it becomes profitable again.
and mining bitcoin is always something that will be profitable. most of the time profitable by a lot for example if you can find away to buy latest ASIC miners cheaper (eg be in China), or find a way to have cheaper electricity (some countries have much cheaper electricity cost).
and with bitcoin price rising it remains the most profitable thing to do. and with the way difficulty works it will remain profitable because for example if it stops being profitable, miners will leave and difficulty will come down and it becomes profitable again.
Exactly, 2020 would be the halving for BTC...
A question here: Do you mine your own BTC, or you just buy on dips?
Thanks for the insights guys. Based on your inputs one should really have to think many times before investing in mining.
Indeed it is profitable, while some have also said that it has high maintaining power, and in short its costly, but all in all it is good it is just that you need a high capital capable in doing your work or should we say mining. By the way just choose high end specs for your mining so it should be more worth it.
You can still try to push your luck in mining, but I think, as long as it goes longer, you cannot have much profit to it. Your investment and effort will not pay off that big. There are lots of things to do in bitcoin, you just need to research about it.
You can earn money, but with a competent approach.
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!!!
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!!!
first at all. welcome to the bitcoin world, if you preferred to choose mining as a newbie, mining are always profitable with a good specs of mining rigs. profitable but very expensive to provide, but as I can see your question is direct to the point, I think your not a newbie in the field of mining, you are a experienced person who have a lot of experience on mining before.
if you have this idea a few years ago, it was a great profit, but this time is very difficult Bitcoin mining. to gain significant profits you need to have a huge capital. that is the cost of installing a large system, electricity bills, tax expenses charged to the State, charges, maintenance of machinery. to earn significant profits to put money out the extraction system installation you are large mining. I found the majority they exploit a altcoin would rather mining Bitcoin
Earlier I read that Satoshi's vision for Bitcoin mining was that eventually it would be done in large mining datacenters. I guess it is already happening, a lot sooner than we expected!
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.
Only if you can constantly buy new video cards
which coin will you be mine for?bitcoin? FORGET IT as difficulty as much higher each time so you will not get your money back for buying mining equipment. I prefer mining for altcoin as now many altcoin available which then you can exchange them into bitcoin but dont forget to calculate your electricity bill.
mining is not so profibale(btc mining) if you consider the cost of getting the equipments. except u r considering mining a viable altcoin.
Where are you getting that statement? Have you done a research about that? Have tried to do a mining calculator and then try to calculate with the electricity cost in your country? it seems still profitable this time. Mining bitcoin will give you a better ROI than mining altcoin use your GPU rigs. You can try to do a comparison through the mining calculator. 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!!!
well if you willing to pay thousands of dollars for mining equipment and electricity then mine bitcoins but you have buy many mining equipment in order to mine a block within weeks atleast since the difficulty is very high but if you are average joe like most of us and you are like mining then mine altcoins instead atleast you can mine altcoin with a computer with a really good gpu. 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!!!
still worth it -- but must put investments -- faster -- and longer roi ...
In my opinion it is still good to mine for certain countries that That have bigger salaries, and especially free electricity and water, just like in Qatar I think it is a great investment to buy mining RIG in a country like that, but in a specific countries that doesn't have a special conditions like that I really think you can not ROI because of the need for a big investment a high cost in electricity and a humid weather so your mining RIG can maintain a good condition while mining But I think these countries can still mine for certain Altcoins that have good potential.
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