Topic: Who is mining right now? - page 5. (Read 710 times)
I ask the same question. I dont have acquaintances who mines these days but I heard that it's too hard right now.
Yeh, I also used to mine in my house. I've sold them at the end of winter because of this. I was lucky I've sold them at a good price
People are still mining because:
1. Without mining, there won't be any new 'issued' coins that use Proof-of-Work consensus such as Bitcoin;
2. It is still profitable. Large mining farms have already paid their worth during cryptocurrencies bubble. Now, miners who own those farms are only paying for maintenance and electricity (a few miners even produce their own electricity);
3. People who started mining recently and put a hefty initial investment, and want to break even;
4. Companies that are based on mining cryptocurrencies.
Although I have a high electricity price per KWH, I used to mine, but I stopped since the beginning of summer because when I turn that GPU on for 24 hours, I feel like I am in a furnace being cooked slowly.
1. Without mining, there won't be any new 'issued' coins that use Proof-of-Work consensus such as Bitcoin;
2. It is still profitable. Large mining farms have already paid their worth during cryptocurrencies bubble. Now, miners who own those farms are only paying for maintenance and electricity (a few miners even produce their own electricity);
3. People who started mining recently and put a hefty initial investment, and want to break even;
4. Companies that are based on mining cryptocurrencies.
Although I have a high electricity price per KWH, I used to mine, but I stopped since the beginning of summer because when I turn that GPU on for 24 hours, I feel like I am in a furnace being cooked slowly.
I was mining when it was profitable but I've sold it during winter. I am just wondering why people ares till mining...
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 a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!
Mr. or Ms. OP I would like to first say that I am not miner and not mining right now and not into it "yet" but I had studied the basic how mining works.
So, your a newbie? just guessing.
Now I would say that mining it not yet good right now. When the market it low your dead but when it is high your good. Still if your interpretation of earning when the market is low you will not earn daily with good amount of price you are wrong, you just need to hold it and wait for the price to get up so the value will rise.
I'm out of the mining 4 months now. I could make some more profit then, but I decided to sell my rigs, and I got much better price than I could get now. Im also interested is there any profit at all in mining (Im interested to know about altcoin mining eth, etc, zcash)
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 a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!
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