As i thinked,most of us would mine because a machine to make money is what bringed most into mining process,but i guess at that worth the big farms wouldnt be soo many making the mining become unprofitable in a shore time and without some changes.
The price being stable at 200 300 dollars woulld mean that to roi would take a bit more time,but i guess what had killed mostly were big farms... how many of them are out?Around 20 big farms,controlling the price of bitcoin,but well for other vision mine will last less time and some is and will become rich with bitcoin.
Topic: TO all miners and bitcoin holders would you? - page 2. (Read 2349 times)
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.
What difference would it have made in the first place? Whether it did touch 1000 or it didn't, is not going to influence my decision whether I will invest in a mining equipment or to just buy them in the open market. It's about how to own your share of coins using the fastest and most cost-effective method and as far as that goes, price history is the least relevant factor.
The peak to $1K helped a lot. It gave Bitcoin worldwide coverage on various large news channels. People were trying to get their hands on some Bitcoins in case the price would rise further from $1K. That didn't happen and people got burned quite hard. Beside that, Bitcoin would have gotten news covarage anyway as the blockchain technology gains high interest from financial parties worldwide.
Regarding investing in mining equipment; Nope. I have never been that interested in getting myself some physical miners.
Regarding investing in mining equipment; Nope. I have never been that interested in getting myself some physical miners.
So you're asking if there wasn't the knowledge of the growth form $1 to $1000, would there be as much hype to get hands (to mine) bitcoin?
Probably not, but there was that growth. And adoption did occur. And momentum exists such that many people believe there's more to come...
Probably not, but there was that growth. And adoption did occur. And momentum exists such that many people believe there's more to come...
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 ?
Yes, I still would. Bitcoin had a bubble, so what? I still believe over the long term bitcoin is a deflationary asset pegged against fiat central bank currencies. If I buy used mining equipment. Mine free coins, and then sell the mining equipment before it decreases in value to someone else, then I make a very high ROI.
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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 ?
Not interested in mining. Not enough reward for the risk and the hassle. I'll let someone else worry about it.
I know bitcoin has potential to grow and i have hold a little because i believe bitcoin will be number one cryptocurrency
Are you trying to tell us that bitcoin isn't already the number one cryptocurrency? lol, I think we all know that bitcoin is number one when regarding the market size and price point. It's not like your taking a huge risk, like you would when investing into an altcoin in hopes of it's price/market size to rise.
I know bitcoin has potential to grow and i have hold a little because i believe bitcoin will be number one cryptocurrency
Independent on the Bitcoin price I'd never invest in mining equipment. I'd rather buy Bitcoin directly than mining.
If it's overpriced I sell my coins, otherwise I'd hold until the next big price movement.
If it's overpriced I sell my coins, otherwise I'd hold until the next big price movement.
I'd have to second this... it's so hard now and days to get a good ROI when investing into ASIC's and other miners of the like, unless you have a major amount of cash you are sitting on that's doing nothing and want to industrialize mine... but that would take a lot of effort and work and investment that has a very big potential of going horribly wrong at any point in time. So I would say that, especially with bitcoins price being so low, that it would be more profitable to buy bitcoins or work for them rather than trying to mint them your self.
Then that issue comes into question about the fact that industrialized mining is making bitcoins more centralized, which is another issue... but these threads always start in some aspect of an issue and progress into another one. So I thought I would just go ahead and get the ball rolling lol.
I mined until a few months ago and enjoyed it but will just buy, spend, save...for now.
$0-300 is still one hell of a story.
Exactly, it is still great progress. Bitcoin was worthless couple years ago. It was just an experiment of some geek community.Now bitcoin is recognized almost everywhere, and it will be only growing since amount of money invested in bitcoin projects are overwhelming at this point.
with my bills cost i can't go with the route of mining at all, i would try to acquire in a different way like signature, i would not buy, i prefer to invest time than money in everything
i could in the future buy a rig if mining become profitable again, including altcoin too, simply because mining was fun for me and i want to return into that scene if possible
i could in the future buy a rig if mining become profitable again, including altcoin too, simply because mining was fun for me and i want to return into that scene if possible
mining is not just buying an equipment and then starting to count the money you earned. it is a lot of hassle, you need to keep the system running for long hours, so apart from all the noise it is going to have in your home it also requires a lot of electricity too.
additionally it requires cooling too because it is going to produce a lot of heat, which can be troublesome too.
additionally it requires cooling too because it is going to produce a lot of heat, which can be troublesome too.
I am happy with it remaining at 200-300 and earning them bit by bit. To reach 1000 again would be very good, but although I hope for it, it is more like a dream than a sure-to-come reality for me.
Bitcoin reaching 1000 again is like asking if 2+2 are 4 or not. It is unavoidable that it reaches 1000 again above. The only pertinent question here would have been: "When?". Well, we never know, but it's probably sooner than most people think, and will take longer than most people thing. 1000 is shit nothing tho. Any long term Bitcoin holder should aim for 100K per coin. Anything else and you are underrating it.
Some miners would be more willing to mine if the price is stable at a certain price range as it would ensure that their profit is consistent. If the price is violatile, miners would buy the hardware and mine on it, hoping that the price hits the high range again. The price has both turned away and attracted users as the price would attract investors to invest and hoping to make a profit if it does hit that price again. Daily users would be looking for a stable price.
should the bitcoin hoarders who get stock of around
2014 should still hold the product because there is a
significant price difference
2014 should still hold the product because there is a
significant price difference
To everyone that just want to profit holding and don't believe in how useful Bitcoin is, they will complain a lot if, lets say, the price doesn't change for a long while.
The only thing that I really want to happen is mass adoption, specially outside USA and Europe since most things happen only there.
The only thing that I really want to happen is mass adoption, specially outside USA and Europe since most things happen only there.
if bitcoin didnt reached those 1000 dollars
Would you buy a miner or investing in equipment to mine?
Would you buy a miner or investing in equipment to mine?
If bitcoin didn't peaked over $1000, people would still want to mine. It's the notion of creating "money" with hardware that captures people. I believe only newbies or very knowledgeable veteran miners purchase ASICs now, others prefer to buy and hold.
would you invest your money at bitcoin the same way you did and do nowadays?
I would invest the same way because I see bitcoin as a very useful internet currency and it will become more popular. The $1000 mark is a sure thing in the next few years.
It's hard to say. I started investing in GPUs when Bitcoin was under $1, in FPGAs when the price was around $10 and in ASICs when the price was between $30 and $1000. I made a boatload of profits on my very first GPUs (HD5870, HD5830) and my very first ASICs (Avalon batch 1). However, most of my other investments in mining hardware ended up being breakeven or somewhat unprofitable. Fortunately, the profits more than made up for the losses so to this very day I am buying hardware just for the heck of it. In fact, I have a some Antminer S7's on the way from China as we speak.
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