Topic: TO all miners and bitcoin holders would you? (Read 2341 times)
Well consider some of your opinions one thing is sure if bitcoin havent reached such value most equipment and investments wouldnt be made ,and well is one of the reason the industry sold out soo many equipment to mine these last years,and yes now about to spend those ammount vs trade i would go for trade less work and maybe better results.
according to me invest in mining is not a good way. trading is the best way and its dream to reach 1k$ of bitcoin price if bitcoin price reach to 500-600$ that very nice and i never do mining with my hard earn money
if mining were possible on my own and also profitable, I would most probably start mining. but unfortunately it is not. because not only I have to invest a lot of my money into buying equipment that I can mine with, but also there is the issue of Electricity and worse than that is the place the equipment requires and the sound it is going to make.
which will make it not a home friendly activity for me!
which will make it not a home friendly activity for me!
I also had planned for bitcoin mining. But buying bitcoin mining equipment from India would be very big deal. I read I may need to pay import charges for the parcel I receive from abroad. All the above electricity problem also here. So, instead of buying a mining equipment I would better buy bitcoin for safer future.
if mining were possible on my own and also profitable, I would most probably start mining. but unfortunately it is not. because not only I have to invest a lot of my money into buying equipment that I can mine with, but also there is the issue of Electricity and worse than that is the place the equipment requires and the sound it is going to make.
which will make it not a home friendly activity for me!
which will make it not a home friendly activity for me!
I cannot reply to this thread or topic if bitcoin did not reach 1000 usd and spiked everywhere in the news.
There seem to be a direct correlation between the people wanting to mine and the price of Bitcoin. The $1000 price tag certainly helped to gather more interest at the time.
It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo
mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.
As more people mine, the difficulty also goes up. The profitability is reduced after some time. When the price suddenly when up, most just turned their old ASIC on and continued till it unprofitable. The hashrate hasn't been increasing due to the fact that the price dropped significantly. It was profitable for a larger group of people and a good portion of the people have lost money as the electrical prices is too high when the price dropped by 80%. It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo
mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.
if bitcoin's price started to grow more and more then yes it will attract everyones atension but buying or not is depent on the situation,condition and what type of person he is so what about you
Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?
I would buy mining equippment! mining is still profitable and would be profitable if the price didn't pass the $300 mark. The problem is that if was to buy mining hardware I would have to invest a lot of money and wait a lot of time to reach ROI
Independent on the Bitcoin price I'd never invest in mining equipment. I'd rather buy Bitcoin directly than mining.
exactly this, at the moment thats the best movement that anybody can do, well only if you have free electricity and can maintain the power needed for miners for free, but thats not the case of most of the people so... the best move is to buy dirrectly.
well you as most invest at bitcoin to it break eaven,above 1000 dollars for some and above it to others,if its value were between 200 and 300 dollars would you keep investing into bitcoin knowing that it has limits?
sure, dont forget that things can/will change soon
There seem to be a direct correlation between the people wanting to mine and the price of Bitcoin. The $1000 price tag certainly helped to gather more interest at the time.
It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo
mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.
It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo
mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.
Obviously because people is wired to pay attention to the price and not much else. Seeing a good price in your investment releases endorphins in the brain, thats why most people fail at investments, they don't have a long term vision and only seek for instant gratification, don't can't plan things. Those are the guys that will weep in 10 years because they dumped their Bitcoins ages ago and left the train.
well you as most invest at bitcoin to it break eaven,above 1000 dollars for some and above it to others,if its value were between 200 and 300 dollars would you keep investing into bitcoin knowing that it has limits?
At this stage we should not judge Bitcoin by its price.As some people already mentioned if we talk about price that definitely will go up but when this should be the question.Bitcoin is game changer and change already has begun seemlessly.I invested in Bitcoin and whenever my financial conditions allow me will do investing because price will be at 100k $ someday.
Sure the 1000 marks bringed huge investments making solo miners get unprofitable to run normal as before,the fact is if bitcoin were worthing just 200 do you think would still people mining it ,these big community will be the same ?I know that would atract several people to mine but i dont know if bitcoin would be dead coin in these 6 years that has already.
There seem to be a direct correlation between the people wanting to mine and the price of Bitcoin. The $1000 price tag certainly helped to gather more interest at the time.
It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo
mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.
It also sparked the creation of more Bitcoin farms on a much bigger scale than before. The competition and total hashing power increased to such high levels that most solo
mining operations were pushed to "pool mining" to stay profitable. The higher price just make mining more profitable and more people will start doing it, if the reward is higher.
I still wouldn't buy a miner, I would just invest straight into bitcoin if I actually wanted to make money.
I mean being worth a lot like bitcoin 1 bitcoin is worthing around 200 dollars... and gold has the same power,not talking of markep value,now imagine bitcoin worthing 1000 dollars or other big value would your calculations means nothing ? I personal dont mine i almost invest into a miner 2th but i stoped before ,the roi time would be around 7 months in that time,but well electricity costs is high soo i bought some bitcoins.Im sure bitcoin worthing 200 dollars and above is already a sucess and i know as we get closer to end mine period the price will start to raise.
Well i see we are with bitcoin at 200 dollars which currency worths such value? As i know only gold has such value as bitcoin others is pennies compared to bitcoin ,but would it atract soo many people as the 1000 dollars and 600 dollars bringed into bitcoin?
well it depends on what amounts of currencies you use. some calculations:according to wiki in 2011 there were about 171300 tones of gold in the world so all gold is worth 171300*1000*36830=6.3*10^12 dollars while all bitcoins are worth 14600000*230=3.3*10^9 dollars
Well i see we are with bitcoin at 200 dollars which currency worths such value? As i know only gold has such value as bitcoin others is pennies compared to bitcoin ,but would it atract soo many people as the 1000 dollars and 600 dollars bringed into bitcoin?
The worst thing that happened to Bitcoin is that it has a price and all people are judging about the success of Bitcoin by how high its price is. Nobody is anymore concentrating on the technology and we should all do this.
Internet didn't have this problem and that was a great advantage for Internet over the Bitcoin.
And for the record, I think that the price of $237 for 1 bitcoin is hell of an achievement.
Internet didn't have this problem and that was a great advantage for Internet over the Bitcoin.
And for the record, I think that the price of $237 for 1 bitcoin is hell of an achievement.
Well i see all days someone asking to return some years to mine more bitcoins and others wouldnt havent traded them or gaved.That wont happen ,soo back to reality if bitcoin didnt reached those 1000 dollars ,and dropped till the current value of 200 worth.Would you buy a miner or investing in equipment to mine? Lets suppose bitcoin were worthing just 300 dollars and that were the biggest ammount,reached would you invest your money at bitcoin the same way you did and do nowadays?Would bitcoin still getting such attention as has now ?
If i can go back to the day where bitcoin price still under $1 , i will buy it directly and store on paper wallet until the next halving year(2016).
If i mine, use my pc is pretty enough to earn some coins.
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