Topic: Should we risk mining bitcoins ? - page 5. (Read 2487 times)
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.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
You can if you can, most of the Bitcoin miners right now has a massive amount of miners when it comes to tera hashes and hardware powers. Entering the scene for Bitcoin mining now with your own household will make you a negative profit instead of a positive because of the hardware that is so expensive with so long of return of investment.
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.
i am agree with you because without cheap electricity, we can not mining properly beside that, we are gonna waste our collecting coin to pay the electricity fee. i have a friend that still mining bitcoin but fortunately he can mining with cheap price because he is using solar panel but i don't know how much budget to build that.
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.
I think we can calculate how much we get with the hardware we have. While you have good hardware and it produces well, I think it remains an advantage.
Mining gives huge profit as far as the electric bill is under control and the processors used have really a good speed. In order to handle large number of transactions, speed and processing power are required greatly. I think it is worth trying and a better way to earn bitcoins than Signature Campaign.
in most cases it's better to just buy bitcoin instead of mining.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
mining bitcoin with cloud mining like hashnest or mining bitcoin with hardware? because if we want to mining bitcoin with cloud mining then its not worth. if we want to mining with hardware, then we need big hashrate power to mining because if we only have small hashrate, then its useless. today bitcoin difficulty is increase and need big hashrate to solve the block.
I think maybe its still worth if we trying to mining the altcoin because I am sure that there is many altcoin with low difficulty that we can mining and if we can collected and sell in the high price, I think we can make profit. but still, you need to calculate the electricity fee when you want to mining using hardware.
If your intention is to support the network, this is worth it. But for profit, I don't think so, unless you have great advantages in terms of electricity costs.
That is the only thing that can be take advantage of the miners of bitcoin they need a good place where the electricity is very low and because of that they can buy more hardwares for mining and they can get more profit in mining bitcoins because electricity is one of the big deal for almost all the miners so every miners should be wise in choosing a place for their mining farm.
If your intention is to support the network, this is worth it. But for profit, I don't think so, unless you have great advantages in terms of electricity costs.
That would depend on your investment capacity. You need to consider the following things first
1. Cost of electricity- mining bitcoin comsumes a lot of energy, from powering up your hardwares to airconditioning
2. Servers- you need to procure dedicared servers for bitcoin mining which is very costly, personall devices and computer wont do.
3. Physical facilities- surely you need to protect your very costly servers in a secure location
There are internet sites which will give you an initial computation of profitablitity which you can consult.
1. Cost of electricity- mining bitcoin comsumes a lot of energy, from powering up your hardwares to airconditioning
2. Servers- you need to procure dedicared servers for bitcoin mining which is very costly, personall devices and computer wont do.
3. Physical facilities- surely you need to protect your very costly servers in a secure location
There are internet sites which will give you an initial computation of profitablitity which you can consult.
I think many factors need to be considered for doing mining bitcoin such as energy source, equipment and the results to be obtained should be taken into account whether the costs incurred in proportion to the results to be achieved and of course mining has a risk if the expected results are not achieved then what about costs have been incurred, so need a good calculation before doing bitcoin mining.
Bitcoin mining has becamed a game for big players and big investors, if you wanna to buy lets say 10-40 s9 you will be able to make a decent income, but remember you will be into competition with big farmers... but its maybe of the most safest way to invest money, at 2020 we will have halving, soo all your coins now might be worthing twice at those, and if the miners dont crash till there you will be able to roi as well.
I think we can calculate how much we get with the hardware we have. While you have good hardware and it produces well, I think it remains an advantage.
no worth for personal because now the budget for mining bitcoin is too high . Unless you a powerful mining machine but now most of bitcoin mining by company
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
I believe you need a large amount of money to start taking profit in mining cryptocurrencies. Aside from that, there are several factors that you need to take into consideration like the price of the mining hardware and electricity where you are planning to put your mining farm. So to answer your question, I think it is not worth it. You could do it as a hobby and do not expect any profit from it. It's better to shift your attention to other things in crypto instead of the one that you stated above.
The best thing you can do right now is to buy a high-end gaming PC with the best GPU possible and mine the new or potential coins with it. There are many like BSD started some bounties recently and Denarius is also a good choice.
I'm not going to buy an expensive gaming PC just to burn it out mining crypto. You're better off buying GPUs directly from the manufacturers and building a rig. But I prefer to invest and/or find tasty airdrops instead. GPU rigs are too damn loud and hot, and my girlfriend would probably leave me if I ran them in the house. Especially with the recent heat we've had here...
The best thing you can do right now is to buy a high-end gaming PC with the best GPU possible and mine the new or potential coins with it. There are many like BSD started some bounties recently and Denarius is also a good choice.
Basically mining bitcoin is a good thing to do until earning profit. If the capital is ready and already take into account of all the risks to mine bitcoin, what's wrong done if it will really benefit later. Select a path mining that will actually generate profits and more no risk or no harm. The point is we have to really prepare all that will be in the face until finally can achieve the benefits of the mining.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
I am not really for minining cause it's often shown that it's very easy to mine a coin and that there are profits
What they don't tell you is that there are costs involved in it. Your electricity bill will go through the roof and you will have a hard time paying that bill off. Secondly you need to have a good amount of hash to keep it going, then if you are lucky you will do it the right way, or you land up at a scam site and its gone. Look mining is possible where electricity rate is low you have a computer that can support kt without getting fried.
i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?
mining has two options, namely cloud mining and mining hardware purchase. For me cloud mining is a system that will destroy your finances. While setting up your own and also buying hardware mining can get you the benefit of mining every time. You just have to buy hardware and also smart to do the mining settings you have. It can affect how much revenue you can make. So not forever mining can be profitable, the right selection will affect how much profit you will get and also how many losses that can be avoided. Jump to: