Topic: So mining is apparently only profitable if btc is over $8600 (Read 447 times)
Reading about the history of Bitcoin, what I really dislike is the fact that there are mining companies. It's not like it was meant, with each user contributing. I wish I could go back to the days when people use to mine it with their laptops.
This is not entirely true. It depends on the cost of the Bitcoins and its rise and fall.
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
Its not correct. I mean its juts about the time and hash rate calculation which defines the ultimate fate of everything. If you have bigger hash rate then your ROI time will be less no matter what are the prices. If you have less hash rate then obviously it will take huge time to recover the cost of set up.
Im not sure how Morgan got that calculation but for me that is how it works. I might be wrong but hey come on its working just fine for me. After holding if the price grow huge then obviously that would rise in my profit itself.
This is not entirely true. It depends on the cost of the Bitcoins and its rise and fall.
Not really, actually mining would be profitable if done in mass I mean if done with so much hardware like china did yesterday. But if you done it individually could only profitable if you keep it and do not need to sell it all , just sell for the daily / monthly mining cost. There will come a price of more than $ 8k, just think about investment after that.
I think that the cost can be attributed only to electricity consumption. Tariffs for electricity in different countries fluctuate, so to say exactly what amount is the threshold of profit is not possible.
Yes you're right. Given the initial investment required to set up a mining farm, the cost can only be justified if the price of bitcoin is above 8500$. Anything below it is just not profitable and not investing so much money into. These Miners had made the maximum profits when the price was around 20k$. Those were their golden days.
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
If you have a free electricity and a low cost expenses mining is alaways good then.
but mining is very expensive and if you are just starting i will not advice it to you now.
good to go with others, just search more and you will find it.
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
If you have a free electricity and a low cost expenses mining is alaways good then.
but mining is very expensive and if you are just starting i will not advice it to you now.
good to go with others, just search more and you will find it.
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
it is true for countries with high electricity prices, in europe or USA, but in countries with low electricity costs it is still profitalbe to mine bitcoin at 6000 usd price. 
No exactly true. Depends on the price of electricity and other factors which are dependent on where you are in the world.
He’s not right. All these thingsthat has to do with making of profit and not making of profit are based on the expenses you make while working as a Bitcoin miner. When your loss are bigger than the profit you’re making, then Bitcoin mining is not meant for you. Expenses you make depends on where you’re living, the cost of electricity and other stuffs. But I still believe that Bitcoin mining gives more profit when the price is very low. But whatever… I’m not a miner anyway.
I beg to disagree as I believe not.
Mining bitcoins will always be profitable no matter the value of it as you can simply hold them ofd and wait for the price to peak then finally sell them. Bitcoin has a great potential in the future and it is in its nature that it will prosper in some time.
Mining bitcoins will always be profitable no matter the value of it as you can simply hold them ofd and wait for the price to peak then finally sell them. Bitcoin has a great potential in the future and it is in its nature that it will prosper in some time.
as I would like to think, mining is just productive in the event that you have this following: quick web, top of the line PC set-up, uncommonly your GPU, which is the digger, and has an entrance to a considerable measure of funding to begin mining. for me, this demonstrates just the individuals who are in equipped for doing as such can profit by this and observe that you could just procure huge through it in the event that you have sufficiently mined on the grounds that if not then you are in danger of having more obligation.
in my opinion, mining is only profitable if you have this following: fast internet,
No, you can even mine with a 3g connection.
high end computer set-up,
Again, you don't need that at all.
specially your GPU, which is the miner, and has an access to a lot of capital to start mining.
Nobody is mining bitcoin with a GPU
take note that you could only earn big through it if you have mined enough because if not then you are at risk of having more debt.
Wow, you only earn if you mine enough, nobody thought of that, Captain Obvious.
There is nothing to have a strong connection with the price, it only matters on electricity charges in different areas.
There is a strong connection altought it's one direction only.
Mining can't affect the price, but if the price goes down a lot it can make miners shut down their equipment as the electricity bill is bigger than the income.
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
My friends mining bitcoin and he still have profits if bitcoin price at $8600 but its small profits. Electricity cost very dominant in mining and he should buying some power back up because electricity in our country not stable too. Its expensive at start but when bitcoin price above $10k, its very proftable he said
If bitcoin mining became more and more complicated ant expensive I would just do another things instead of that, but if it is a passive income and you can afford that, to make it profitable, go ahead.
in my opinion, mining is only profitable if you have this following: fast internet, high end computer set-up, specially your GPU, which is the miner, and has an access to a lot of capital to start mining. for me, this indicates that only those who are in capable of doing so can benefit from this and take note that you could only earn big through it if you have mined enough because if not then you are at risk of having more debt.
There is nothing to have a strong connection with the price, it only matters on electricity charges in different areas. Apparently, they got more profit if the price of btc is more higher than of their bills.
Maybe stanley is just referring on their country and not considering with the others.
Maybe stanley is just referring on their country and not considering with the others.
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
I don’t think so. If mining was only profitable at the $8600, then why were people rushing into right from the time when the price was still at the rate of $100 and less? You don’t just say that it is only profitable when it’s at the rate of $8600, rather it is more profitable when it’s at the rate of $8,600 and above, but profitable at all rate. When the price of Bitcoin was at low rate, people who were just investing on cloud mining made a lot of profits, but ever since the price became high, people don’t make anything from cloud mining anymore. So what he’s saying makes no sense.
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.
This is not true for every individual as the mining expenses vary from place to place. It mainly depends on the cost of electricity you are using.
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