Bitcoin Forum

 Why every people say that?
  It is so difficult activity  :-\

What do you mean about It is so difficulty activity?
About increasing your activity rate?

I mean about having a edge to have profit!

because every mining is uselss and full of loss and full of risk . there is always a chance to ran away the mining site any time without notice . hashocean mining is a best example of you topic that you have started .

 I'm not talking about cloud mining!
 But know that you mention i think terabox is the worst of all!

I am sure reading several threads regarding mining that majorly its not a profit anymore. Unless government provide you subsidy.

Government Subsidy is not a profit.  That is robbing one person to benefit another.

Government subsidy is the last thing we need in Bitcoin.

As to make a profit in Bitcoin one would have to mine and hold the coins until they increase in value.  But that is hard to do with the amount of hardware required now.

it is difficult for people who have no enough capital to start... and some newbies say it is dificult who never tried and don't even know what mining is.
if you have enough money to purchase everything(including the electricity cast) you can do it with no issue.

don't call mining useless. there is big deference between mining and cloudmining. cloudmining have no any relation with bitcoin mining. they run on hype bases.

I don't know why people comparing real mining to cloudmining, and i only think the only comparison for both is they have mining in their name, and the truth their is cloudmining is just made by those scammers who wants to make their site looks more adorable for newbie people so they will invest on it, and maybe other's name it useless since blocks for bitcoin are more harder to get for each years passes maybe they are just focusing on bitcoin and not for the other altcoin.

It's not hard to be profitable in cryptocoin mining.
Just move to where power is cheap, and don't get taken in by miner scams.

 9-)

Yes of course, after hachocean, CLDMine and other cloud mining as scam, we must much learn to never believe again to cloud mining that for RoI not more than 5 months.

Well, for choosing the region is having a cheap electricity is not easy, because you are already discussing the country if we wanna selecting for choosing the area is having a cheap electricity.

For me there's a little bit hard in mining because we dont know whether the sites are paying, but I saw also more people earning in many sites. I hope there's a sure mining already and no scam site.

So it's not so easy, you said it yourself.  :) Also you should find money for buying a miner or two which is more than $2k in case of two miners. Another problem is a room to place your miners because it's impossible to live where they are running because of the noize. And I think I haven't mentioned all the problems here so, yeah, it's not easy at all.

I know that for me and many members here mining's a fun, nerdy hobby. We're doing it because we still can and we try to balance our costs with our earnings.

But as an interesting fact, mining difficulty COULD go down. Who knows if it does in the future...

This thread is clearly an attempt to boos post counts and earn money from signature campaigns.
So I guess here is my post to earn my Satoshis lol.

But on a serious note, 
does anyone have any good blogs or mailing lists that discuss mining?
I read the posts on this forum, the Kano pool thread has really good information, and any post by Philipma1957 or Mustangdan or any of those guys is good info,
but if anyone else can recommend another good source of mining info, it would be greatly appreciated!
Thanks!!!

https://cryptocointalk.com/index.php?
https://www.reddit.com/
http://scforum.info/index.php/board,50.0.html?PHPSESSID=065165c45bdf4aaba63a1b5758588168
https://bitcointa.lk/
http://ecointalk.net/

And already now for your information i'm not in any signature campaign   ;D

They are many legit out there so better to try coinmarket cap to choose if what altcoin is the best try to choose you want the top 20 coinmarketcap  they are many altcoin that you can mine with gpu mining rig..

In every investment there is also always risk. And we can't deny the fact that there are lots od people and sites that arr scams. So before joininh that pool in a ceryain site. Make sure to have a research first on the sitr you are mining to if they are paying or they have a good reputation so your efforts, time and money will not turn to nothing.

Again and again.. it told you by many times. those mining sites are cloudmining and they do not belong to mining at any point.
bitcoin mining is not related to any website. you can just buy pool or hashes. but they sites won't pay you anything.. you need to use your own computer and hardware to mine bitcoin yourself.
first please understand what mining is.

you post will useless because you're just speaking for the spammer. I think he will not reading about your post and for me that is like cancer in this forums. ::)

Ya it is totally true that their are so many spammers who just wanted to troll their post to reach the target for their signature campaign. and for that without reading the full detail on thread, they just post it the same question.

If OP is reading then for mining , now only Altcoin are giving profit because their are running in cpu and gpu mining and as soon as they hit exchanges you can sell them and earn profit, but that is also upto which coin you are mining.

I'm mutch more interested in Bitcoin mining than Altcoin.
Because i invested in Bitcoin mining hardware and i don't like the Altcoin dust payments.
I tryed Altcoin mining with a usb gridseed dual miner but know he needs some repair.
But if you wish you could post about Altcoin mining too

It is a difficult activity because we no longer can mine bitcoins from our computer right now and cost of buying antminer and cost of electricty would cost a lot and generating profit from that is really difficult nowdays,so its a risky investement now.

Bitcoin price is not rised as expected after block reward halving which just halved the amount miner can generate with same effort before. So actually what you earn is halved, with difficulty to get that reward is increasing day by day, price of electricity is also increasing slowly etc all making earning profit from mining bitcoin difficult these days.

yes. but bitcoin stil need miners and need to be mined. without mining bitcoin circulation won't increase and if every miner just think like that and leave mining then one day will be last day for bitcoin..

but the sad part there mate is bitcoin is currently unprofitable or shall we say not ideal ones to mine nowadays its. because every blocks nowadays are very difficult to find and maybe every year and halving will pass on it i think the more difficulty to find some blocks are extremely hard so thats why its very good to find an alternative alt whos profitable to mine nowadays so the mining hardware you have will be usefull

Is mining all about hardware or there is minor possibility that I get lucky enough to mine smth on my home laptop in no time?  ???

mining is not happy many ppl get less profit on it
or maybe there is a trick to get more profit ?

Because almost for all mining is a "happy work", isn`t it?
Happy miningBTC

Exactly, till some time will come and you will realise something

hah, thats right if you being subsidized from goverment maybe you make profit, but you are hurting someone if we talk about Venezuela the electricity is very cheap but because you are being subsidized by goverment maybe I can make a profit but the country is not doing well

Unless y ou have the latest technology powered miner, it will never be profitable for a miner, difficulty is too high.  Aside from the miner itself, we should consider the electricity rate.  Some countries charge too high for electricity, unless it is your hobby, you can never get a good profit in mining at this point if you are living in this country where electricity is not cheap.

If you aren't going to make a mining farm, than small capital is enough to start mining at home. You'll earn some bitcoin and if you have free electricity than it's really good to start mining with 3 powerful miner.

You are true, mining isn't useless of course, it's business and pocket money for some people and I also agree you that cloudmining is waste of time and money but when you say that mining isn't difficult, you are wrong. I amn't newbie but I'll sathat it's difficult because you need good fan system, when you buy antminers, they aren't always good working and some of them don't lasts longer, you need to change old antminer with new and working antminer, also new and more powerful miners are releasing and after years it's time to change your old antminer with new one because that's more profitable and much better. So it's not really easy, it's difficult.

With all the challenges attached to bitcoin mining, it just makes mining ethereum or monero more appealing.

It's hard

Everyone should remain happy, cuz mining produces money.

Literally  :)

Whether it is profitable or not depends entirely on your operation and location

Could you name any of successful coins that led to profit after hitting exchanges from your experience ? For me, i could name Shift Coin, made around 120$ via mining with 1 7950 x GPU.

please
spesifikasi hardware to mining ?/

look for low diff coins with committed devs or community

I completly agree with you. There is no place for Goverment in Bitcoin. Bitcoin - is the opposition, is the REVOLUTION!!!! Financial revolution.

I don't think mining is such a profitable task now due halving there very less profit margin

Yeah it really is quite difficult, until we see some economic models that perhaps also execute another function, e.g. using it to heat your house.

I also don't think is so profitable and do easy. Profitable perhaps but easy never.

Not really..which you can choose altcoin for mining and you must smart to choose altcoin when that coin will give you profitable.I see much altcoin which can give nice profit..

Mining is not meant to be doing virtually without any hardware of your own,hashocean was a cloud mining site who aimed at scamming people and there are good cloud mining site,but it is not worth investing at this time.
Mining has its own risk and you cant be a casual miner and think of earning a profit,first off you have to invest heavily for the ASIC miners if you are planning to make minning a profitable business or you can plan on mining alt coins which is less expensive than bitcoin mining.

mining of bitcoin is hard in these days

mining makes you happy ? :) you create your own money

Yes indeed. But right now it is worth to mine since the price of bitcoin is increasing constantly. Although the reward is halved. You can still get some profit as its price increases. You just need to properly configure the setting and choose the right rig for your mining process. Mining is a great to entertain yourself and make some money at the same time.


Yeah, but it requires some advance technical knowledge for you to be able to earn money. Otherwise, you are just wasting money and effort. You are just happy without earning some money :D hahaha :D

It is difficult because many mining sites are scam. Another reason is the electric consumption and the capacity of your gpu.

Dont really know  on what OP is referring to. Its either  on  hardware mining or cloudmining but well  on  talking on   hardware mining  its not   really bad  to do this thing as  long  you  have the  money  to invest  on and  its  much better compared on  cloudmining site scams  but  you should consider the  price of  electricity  first  when you  intend to  mine  on  hardwares  and check it  if you are profitable or not.

Whether cloudmining or real hardware mining is not really good investment for me, cloud mining is a scammed real mining now is so difficult to earn profit, i used to mine and able to earn some profit, but for now it is very hard to cover the electrcity expenses, my suggestion is to find another investment

Mining will not always be considered as not a profitable investment but i could say those cloud mining are just total trash and yet a waste of money but on hardware mining it really depends on some situations regarding on your operations. If you do have the money to spend or put on into this investment please consider first the important factors before proceeding.Make some calculations regarding on expenses between profits.

Make your own money
No gov or bank involved make you feel happy

Btc is not profit these days. But you can mine other currencies

I actually refer to the combination of the three strands in Bitcoin mining
  Hardware mining, Cloud mining and Hashrate rental   

☺

you could write both at a time right

Big miners are mining because they are not fools they are getting the profit and so is the reason they are mining. individual mining is not advisable for bitcoin

that is correct that for individual is not good to mine it is impossible to get profit because your capital is limited but if corporation do mining bitcoin and their capital is so big i think they can earn and also supply bitcoin in the community.

happy mining is very important when you have the full knowledge mining and also when your computers have high speed of calculating  then you can be happy when mining, mining as it stand is means of making good money for once self so you have all it takes to be happy when mining.

correct me if i'm wrong,    Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

Mining coins does not mean that you are mining with the help of cloud mining sites,first get that thing straight and if people are mining still it is only because it is profitable for them and if not they wont be spending their money for their equipments.

The thing you said is very true on which cloudmining out there are mostly scams and its not really ideal to compare it with hardware mining on yourself. Infact there are still soo called cloudminings that really operates but still its not an assurance that they will last forever because as you said mining difficulty would surely rise each year and the days goes by.

Of course, everyone can mine but not all can earn a profit out of it. For example, you consider all the costs of your capital from the mining rigs to the power costs. If your country has a huge power cost then you can't earn a profit from it knowing that mining rigs consumes huge power and if you can't earn any profit you can't get your capital back and you won't make any money. That's why everyone everyone has the option to mine but not all can mine but cloud mining is another thing though.

I hope you don't mean that cloud mining is a better thing than just mining. Theoretically it can be a better thing and I also was reading with big interest all those investment plans on cloudmining sites but in practice those are only words. Cloud mining services are what people should avoid, for now at least, because most if not all of them are using a Ponzi scheme in their structure.

maybe happy mining here its mean we have enjoy for our mining, in cloud mining and real mining because for me, i think its a good to start with real mining but for cloud mining, there is only a few mining site which is recommended by many people and we should know that for cloud mining, there is a time we could spend to reach ROI and this is happen with real mining too.

If the situation is as it is now would be very profitable once working on the mining of a coin, because I am sure once the cost of mining process will be covered because the value is generated now, the selling value is very high.

Did you seriously bring up a 5 month old thread up just to say that? What new urgent and important info that you had to add that made you bring it up?

Mate that's just called spamming. Reported to mod.

There are lots of mining sites this day and some people mine for fun and to make money.Bitcoin mining will help all people who don’t have enough bitcoin .For me mining is very useful because you can bitcoin for free.

Due the profits are like huge if you find a block in the mining process. Bitcoin is profitable business when it comes to its mining. Though there are charges of electricity and the huge set up but it still pays you back when the miners run for few years. It is hard job these days but for each block you found contains like around 12 btc. Just imagine that one for the time being !

Some people mine for fun or to make money easily. I think there are lots of people in the world who were use mining sites to get free bitcoin.In mining bitcoin you need time to wait to gain that money. You can also upgrade your mining or miner to get more bitcoin instantly. You need to use your computer or laptop to mine because some mining sites are software that you need to install in your computer or laptop. Mining sites will help all the people who doesn’t have enough bitcoin in there wallet.

Well, that's a good point of view.
But most of that sites install unwanted software and malware in your PC. And have lot of annoying pop-ups too. :-\

As soon as possible to follow the mining to be more profitable for those of you who participate in it.

Yeah correct and that will harm your computer that is why i start to avoid online mining and if i given a chance i would like to build mining site and buy more mining rigs to get faster income and make me rich by doing mining method by that i can say that i can do happy mining.

Some people use mining sites to mine for fun or to get more bitcoin. If you want to mine bitcoin you need more time to wait to gain that much bitcoin but you can a sure that you gain that. I hope that all mining sites will continue their giving free bitcoins.

Well the start up cost and maintenance are the reason for its difficulty. Mining is not gentle it needs heavy assets and careful attention toward your rig of farm if you build any. The mining gets difficult with the hashrates, nodes solving, newly created block finding and much more. There is always congestion into the network as do many people are mining no a days leading to crossed connection and conflicts in the network. The concept us vast and that's why problems are many.

mining ETH is the best

only with amd, nvidia have other much better option, nvida on ETH is bad minus the 1070 but it's underperforming compared to amd regarding cost/hash per gpu

dual mining can help but still amd in on top on that algo due to memory/bandwidth limitation form nvida side

Some bitcoin users they do the mining for fun or get some money. There many mining sites that you can use to get free bitcoin. Also, I’m glad that there are mining sites who can give free bitcoin and them also help all bitcoin users who don’t have enough bitcoin in their wallet. If you want to mine bitcoin you need to wait longer time to gain that bitcoin.

According to a Videcardz press release, both companies plan to release a version of their cards to satisfy the market for graphics cards made solely for mining.
Nvidia says it will launch a GeForce GTX 1060 with GP106-100 GPU, a custom edition for mining. This card would have no display connectors and probably will not support any games. According to our sources, these cards, unlike the normal editions, would have only 90 days of guarantee.
An AMD spokesperson:
The gaming market remains our top priority. We are beginning to realize that there is a solid demand for our Polaris-based offerings in today's mining and gaming markets, based on the strong performance we are delivering.

It's difficult because of many factors that you face during the mining. The very first is difficulty of network is getting weird Day by day as the number of miners are getting added. What I mean is when you add new miner in the process you actually increase the competition of mining the block. So this is we called as increased difficulty of network. The more is the difficulty the more hashrate you need to perform the mining.

Besides these problem, the most influencing factor is electricity which is costly and you need a lot of it while mining. Because the ratio of cost to mining block must be such that you should be able to cover the charges and gain the profit as well. So many factors like this are in the way when you mine.

Yeah they already realized that crypto mining is increasing its demand on their gpu thats why they decide to make up their own mining gpu solely on that purpose and its good to hear that they wont really leave behind gaming industry since they are really earning money on this field and now they are extending on new field on crypto. Good step for them.

Maybe since the mines are many owned, already promising to be mined and give more profit. Certainly very profitable once in between time to get a satisfactory mine and able to encourage daily income. So happy mining.. make a mines being big income at everyday . It's happened now to the more peoples.

Yes because mine is now a day job, and that's great fun, in addition to some very hobbies picking up the miner's machine, and that too will be their flagship weapon in mined bitcoin they will be able to on each day

Happy mining if you started early in but it is almost too hard to get a block nowadays if you just enter the scene because it is almost doubled the difficulty every month, happy to those who got budget in getting the best hardware to perform the greatest profit but for the small timers I think that is not happy at all.

I think the recent market has started to get worse,maybe there is no profit to mining.

Am new to bitcoin, please guys what is actually required interms of system specs and knowledge to effectively mine bitcoins

For me there is a little exhausting in mining as a result of we have a tendency to dont apprehend whether or not the sites area unit paying, however I saw conjointly additional individuals earning in several sites. I hope there is a positive mining already and no scam website.

 ASIC-based miners took over Bitcoin mining years ago.
 Don't bother even thinking about it on any non-ASIC device unless you like to generate lots of heat and wasted electricity for pretty much ZERO return.

For bitcoin yes, but if you mine altcoin you can make a profit :)

For you to mine Bitcoin in your house at this time will not make you any profit at all and worst you will eat up by the power consumption cost of your electricity.

And the hardware that will need to mine Bitcoin now is not that cheap, incase you but the hardware it will take you a year or 2 and maybe more to get your return of investments.

Much better and more profitable to mine altcoins nowadays and just convert it Bitcoins if you may.

It might be the case that hardware are getting costly now a days along with the electricity charges. The hash rate need be very much high to find a block. If you don’t find anything real soon after your set up then of course it is pain in the stomach to maintain the rig.

i think you should said soo crazy mining

as everything, high competition has eaten up a lot of opportunitiea..

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isn't this in fact why such a huge amount of the hash power is in china, free or nearly free subsidized electricity?

I dunno I've never had success at it myself  ???

Attracting nothing but sigspammers now so I'm locking this thread.