Who is mining right now? - page 3. | Bitcointalksearch.org

renemagritte

member

Activity: 235

Merit: 40

I think it is time for coins to change from proof of work to proof of stake. Some new coins are doing it actually.

My friend was mining some altcoins but he said it is not profitable any more. But they may be mining for the future, when they will do 5x for example

just a hope.
But if no one does mining, who is going to verify the transactions, who will keep the chain? We need them right now, and they need to earn something to continue doing it.

Xianrenbanban

newbie

Activity: 96

Merit: 0

Many of my friends around me have given up on mining because all the price of coins has fallen so badly, and the amount of bitcoin that can be mined is now decreasing!

alrose

full member

Activity: 720

Merit: 103

I have a farm for the etherium mining. However, because of the price drop, I had to turn it off indefinitely. Although I am in a region where electricity is not expensive, it is still not profitable to mine now. We will wait for the price to rise.

jacmaniac

newbie

Activity: 157

Merit: 0

I ask the same question. I dont have acquaintances who mines these days but I heard that it's too hard right now.

muthubabi

newbie

Activity: 78

Merit: 0

Quote from: kahlerr on August 14, 2018, 09:55:29 AM

Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!

I'm mining few coins using my laptop. But profits are very less. I think mining from CPU is waste of time. Try to mine from a GPU or mining machine.

grey007

newbie

Activity: 224

Merit: 0

Mining top coins now to hard and low profits.
But little altcoins dont lose interesting. And when market will be a bul run you can take a profit.

reputationproceedsme

newbie

Activity: 27

Merit: 0

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pearlheart

jr. member

Activity: 252

Merit: 2

Quote from: kahlerr on August 14, 2018, 09:55:29 AM

Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!

I have 2 Th/s Bitcoin mining cloud contract.. But still I could not able to cover my investment.. Because Bitcoin mining difficulty is very high now.. Profits are getting low daily.. So, I'm not going to recommend Bitcoin mining to any one now..

MRlong

sr. member

Activity: 518

Merit: 250

I think only miners whom still believe that crypto market will recover very soon keep mining cryptocurrency at the moment

. For now, seem like it's impossible to get profit from mining when crypto market is being in downward trend like this if miner don't have much TH/s

. A lot of miners that I know are trying to sell all their GPU and S9miner at the moment.

)

Cryptodiscuss

member

Activity: 518

Merit: 10

All of you who are leaving mining and selling out the gear, invest that money in some coins and we all are gonna be much better!

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: kahlerr on August 14, 2018, 09:55:29 AM

Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!

Big companies and for those miners who do reside into a place where electricity cost is cheap and with sufficient amount of miners to operate on and I'm sure they are the ones who do operate and still mining nowadays because no one would push up transactions if there are no miners. The thing or the fact small scale miners will really be on majorly affected with this market decline together with the spike up of mining difficulty.

pri3oner

full member

Activity: 504

Merit: 100

Bitgesell (BGL) Decentralized Cryptocurrency!

I dont have such acquintances. They were mining more than a half of a year but u know what's going on wih market mood and PC video equipment prices.

tranquyen123456

newbie

Activity: 183

Merit: 0

How can you conclude that there is no profit ? My friends are still minning and still profitable. The problem is that the market is losing market share will be lower than normal only

Yana_O1993

jr. member

Activity: 182

Merit: 1

now there are a lot of developments related to new cooling systems and the most powerful production machines) the market will not stand still

engesi

member

Activity: 434

Merit: 10

Fast, Smart, Trustworthy

I think the risk of mining is increasing now, and as the number of bitcoins that can be tapped is reduced, the difficulty of mining is increasing, and the price of bitcoin in the market is also decreasing!

jackbox

legendary

Activity: 1246

Merit: 1024

I am still mining (one rig out of four) and it is not very profitable. I break even or make a slight profit and hold the coins for the future. I believe most quality coins, especially BTC, will go up in value again. Then my mining now would become very profitable at a later date. The other rigs were broken down and I am selling the GPUs, motherboards, power supplies, etc.

boidepzaikhoaito1

newbie

Activity: 96

Merit: 0

I think that will still be profitable from mining, otherwise people will abandon it. Take a look at Bitmain China, which revealed higher profits than the Nvidia US GPU in 2017 and is currently operating well.

zero9119

full member

Activity: 462

Merit: 100

Quote from: quarkyplum on August 16, 2018, 04:55:04 AM

LOL. I think almost miners have quitted crypto mining already

). At the moment, it's impossible to get money by mining while crypto market keep falling like this. In my country, I can see so many guys are trying to sell S9 and GPU. LOL. They don't wanna waste their time in mining anymore cause they can get profit from it at the moment.

The dramatic decline in the cryptocurrency resulted in declining mining income. In my country there are many Bitcoin mining farms that are on hiatus due to losses from difficult mining and bitcoin prices. I hope that this period will soon be over so that investors can profit from the market.

brightcove

newbie

Activity: 24

Merit: 0

I think mining with small setup is not benefitable now.

kagtaviy_mo

member

Activity: 322

Merit: 22

To date, those who are interested in doing this are engaged in this kind of craft. This can be both large corporations and ordinary users.

Topic: Who is mining right now? - page 3. (Read 695 times)