Should i start mining bitcoins? - page 2.

cassimares

full member

Activity: 236

Merit: 100

Quote from: hopper28755 on November 15, 2014, 10:25:49 AM

Should i start mining bitcoins? Do you believe that they will go up to $1,000+ a coin? Or should i start mining litecoins? What would you recomend for the most profit?

You shouldn't start mining unless you already have the hardware is it is able to cover your electricity plus some profit. And if you believe coin will go up to $1000 please buy BTC directly.

AleCrypt0

full member

Activity: 157

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Quote from: hopper28755 on November 15, 2014, 10:25:49 AM

Should i start mining bitcoins? Do you believe that they will go up to $1,000+ a coin? Or should i start mining litecoins? What would you recomend for the most profit?

Unless you're already a millionaire, no you shouldn't.

malzahar

full member

Activity: 210

Merit: 100

Quote from: AverageGlabella on November 16, 2014, 05:04:51 PM

The more miners the better no matter how small you are mining just make sure you are profiting.

Dont overlook this advice, its important to stay in profit, like this man said. People wait for prices to jump, to break even on their investment but you cant see prices when it does go up or down.

oblixster

member

Activity: 67

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testing that free 10GH giveaway now Cheesy

AverageGlabella

legendary

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The more miners the better no matter how small you are mining just make sure you are profiting.

odolvlobo

legendary

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Merit: 3387

The easiest and most effective way to obtain bitcoins is to buy them. Try localbitcoins.com. If you are in the U.S, try coinbase.com or circle.com.

karlb187

full member

Activity: 210

Merit: 100

Need To Contact Me? Go To My Site!

If you don't want to get into the whole mining thing, you can "Mine Bitcoin" in this new fun free game that pays you in bitcoin!

https://bitcointalksearch.org/topic/hot-new-free-bitcoin-game-win-bitcoins-in-game-paid2play-854956

Wink

leonaa

member

Activity: 82

Merit: 10

you can get 10 ghs by gawminers and have a taste of what mining is if you invested.

its a free giveaway, but not sure when its ending so Id look into that.

BuZZ

newbie

Activity: 3

Merit: 0

I think mining is not profitable now unless the price of mining hardwares decrease more
I beleive If btc goes to 1k difficulty will rise much too

leblanc

member

Activity: 92

Merit: 10

I think you would need some substantial amount of money by now, to get good enough bitcoins.

You can easily go to bitcoin charts and see the difficulty.

redsn0w

legendary

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Merit: 1043

#Free market

Obviously : yes*.

*If you want to support the network , but if you want to be rich(to gain) the answer is : no .

DannyHamilton

legendary

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Merit: 4794

Quote from: hopper28755 on November 15, 2014, 10:25:49 AM

Should i start mining bitcoins?

That depends on your circumstances and how cheaply you can acquire the resources that you need.

Quote from: hopper28755 on November 15, 2014, 10:25:49 AM

Do you believe that they will go up to $1,000+ a coin?

Ever? Maybe. It's impossible to know if it will happen in the next few hours, next few years, next few decades, next few centuries, or never at all.

Quote from: hopper28755 on November 15, 2014, 10:25:49 AM

Or should i start mining litecoins?

I wouldn't, but you'll have to decide for yourself what you think about that.

Quote from: hopper28755 on November 15, 2014, 10:25:49 AM

What would you recomend for the most profit?

Provide a product or service, charge a fee for what you provide.

flyingplows

sr. member

Activity: 518

Merit: 250

maybe it's not too late for some altcoins.. what do you think, is it worth for a newbie to invest like 200$ in darkcoin, dogecoin or blackcoin and hold? maybe too late for them also? then maybe some new coins recently released..

Shaco

newbie

Activity: 52

Merit: 0

most people on this forum say its a bit too late due to the high levels of difficulty.

i say just invest in something small, if you really want to know before dumping your money.

notlist3d

legendary

Activity: 1456

Merit: 1000

Do ROI math. You need cheap electricity. It also depends what your mining Scrypt, SHA , etc.

I personally think it is possible, but it is harder then it once was. And your electricity and heat of location directly effect ROI.

1Referee

legendary

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Merit: 1427

Mining is barely profitable, you'll need good hardware and cheap/free power to get any returns on your investment.

Buy some Bitcoins and hold them, that's much better.

yeponlyone

hero member

Activity: 504

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They would return around the same, but you wouldn't r.o.i. for a few months minimum,

BTC will likely go to $1k again but not this year.

hopper28755

newbie

Activity: 25

Merit: 0

Should i start mining bitcoins? Do you believe that they will go up to $1,000+ a coin? Or should i start mining litecoins? What would you recomend for the most profit?

Topic: Should i start mining bitcoins? - page 2. (Read 2739 times)