Topic: Should we risk mining bitcoins ? - page 4. (Read 2471 times)
You shouldn't risk your investment in mining Bitcoin unless you plan to have a huge mining farm. Else Bitcoin mining is not at all profitable. Rather that money if used for buying Bitcoin, will give huge profit. So, invest wisely and always analyze whether you have a better and safer option to put your money into before investing in anything.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
Forget it unless you are a millionaire with expertise on the filed and access to cheap electricity, if you want to mine then the only option are altcoins, and there are two strategies for that you mine profitable altcoins, or you mine an altcoin that may not be profitable now but that you think the tokens are goinsg to be a lot more valuable in the future.Yeah its right ! These days its not advsible to mine a bitcoin cause every day the difficulty is increasing. Its better for you if you want to expirience how to mine go with eimning some other altcoins that are low in difficulty and sell it to bitcoin (just in case you want to expirience mining).
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
Well, as of now, around 16M bitcoins have already been mined. Meaning, there are only around 5M bitcoins left to be mined. If you're planning to build a crypto mining rig, I preferred to mine altcoins, preferably litecoins and ethereum, because those two have high value (next to bitcoins, I think), and will be good for a longer time. i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
There are few things to cover before you invest into mining. The very first thing is what are you referring to? Is it hardware mining or cloud mining you talking about ? If it's cloud mining then obviously its big no. But if you considering the hard ware mining then you have got great chances of earning big profits. However in hardware mining also you have to consider few things that is electricity cost, how much miners you have, what is the cooling system in place etc, these factors will work all together to tell you whether it's profitable or not.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
Forget it unless you are a millionaire with expertise on the filed and access to cheap electricity, if you want to mine then the only option are altcoins, and there are two strategies for that you mine profitable altcoins, or you mine an altcoin that may not be profitable now but that you think the tokens are going to be a lot more valuable in the future. 
I do not see any risk in bitcoin. Especially not you, but China for the most part. You can risk only if you buy it. And if there is such a question about risk, then do not buy.
No I don't think bitcoin mining is profitable unless you have electricity fees very cheap or unlimited . I suggest you try to mine other cryptocurrency like Dogecoin, Litecoin etc. But you will be more profitable if you bought cryptos rather than mining.
Yes, electricity is one of the main problem nowadays. Recently in my place, the electricity company has been increased the cost more than 200%. Hence some previous bitcoin miners already left this kind of bussiness.
Bitcoin mining is very costly and no more great rewards like before.
If you're going to invest, you have to invest low don't do high. You need much knowledge about bitcoin other wise you're wasting your time
and money.
and money.
I believe it is more feasible, the expense is very high. Only with a high investment is it worth it, but I believe there are other ways to invest in the market without having to mine. Especially if a person wants to invest moderately.
If you are small investor, join to this field just make you waste your time and the profit from it cannot helps you get rich.
Because miner is people want create passive income, you also understand passive income always need huge money for creating.
Well it depends on your country. If you have access to cheap electricity and hardware, then you should go and risk mining. These factors are very important obviously, its just calculating profit. I suggest man ng alt coins becaase they are easier unlike btc which has gotten very difficult to mine.
mining is not very risky if you know clearly about bitcoin and the cryptocurrency. In my country, people are not very smart and the only thing they can do is to follow the trend and buy mining rig without any knowledge. The only crypto they can mine is ethereum. Can you believe that? SOon, ethereum will change to POS and no one can mine this coin with hardware anymore I believe it is more feasible, the expense is very high. Only with a high investment is it worth it, but I believe there are other ways to invest in the market without having to mine. Especially if a person wants to invest moderately.
If you are small investor, join to this field just make you waste your time and the profit from it cannot helps you get rich.
Because miner is people want create passive income, you also understand passive income always need huge money for creating.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
The risk depends upon what kind of investments you are planning to do and what coins you are looking to mine at the moment,it all depends upon the difficulty level of each coin and finding the best coin to mine at this specific moment is the key to success,mining bitcoin at this time is not profitable but there are other alt coins which can give you a good profit and with time these opportunities gets lesser,so if you plan on mining some coins make sure you do that after learning about the profitable and difficulty level of the coin you have in mind. 
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
it's 2017 and Bitcoin is still going strong. It has no end in sight and it's not going to be regulated like this guy fears, or slowed down because it's peer to peer.
There's no server it's stored on, no middle man, no bureaucracy to hinder it. but there are so many cryptocurrencies, bitcoin would be the last i would mine, he need a large rig in order to get anything from it.
No I don't think bitcoin mining is profitable unless you have electricity fees very cheap or unlimited . I suggest you try to mine other cryptocurrency like Dogecoin, Litecoin etc. But you will be more profitable if you bought cryptos rather than mining.
It depends upon your financial and electrical power resources. If you are able to manage the cost of mining hardware and electricity bill with your earning through mining than go for it, but if you can't manage or can't afford it than never go for it.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
For a beginner, i guess it is a risk anyone can take. But if you are serious on doing bitcoins to earn a lot of money. We should stick on doing tasks for bitcoins rather than waiting every hour for free bitcoins. Mining bitcoins for me is not that risky, but different sites on the other hand confuses other users what is real and what is a scam. Which nowadays is very common for other who wants bitcoins from other users through asking for bitcoins as a fee of giving free bitcoins which is actually a bit stupid. i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
i think mining cryptocurrency is not high risk because mining always produce coin, you just take risk for buying equipment like high end GPU and CPU or Asic Miner, and you have to calculate your electric and internet bill, after all of that you can choose what coin you want to mining, if all done take a sit and drink your coffee.and mining bitcoin will be more harder than we think after some months again so knowing how long it will take to put back your investment is a must..
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
i think mining cryptocurrency is not high risk because mining always produce coin, you just take risk for buying equipment like high end GPU and CPU or Asic Miner, and you have to calculate your electric and internet bill, after all of that you can choose what coin you want to mining, if all done take a sit and drink your coffee. 
Hmmm.. I assume the question points toward ASIC mining. I personally think the risk is for sure there but since the industry is still in the early adapter stage, it might just be worth it depending on the amount of capitals you are willing to come out with.
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