Bitcoin Forum

I think that every hour mining bitcoin becomes less profitable and more complex. Tell me yours opinion guys plz

Bitcoin mining is a disaster as is Pow and all it has done is to start a CPU army's race
where you need to keep buying bigger and faster machine to compete in the race.

Maybe if you have faith in Lightning then you should be setting yourself up as a hub
but you might like to read my comments about this first.
https://bitcointalk.org/index.php?topic=2648868.0

Miners will fulfill a much more useful roll but not as miners in a few years time because
a train is heading our way but i cannot share much about this with you just now.

 

Bitcoin mining is not a complex but less profit business. You should think this is not a trading and gambling. This is one kind business so profit is less but it is constant income. If you have more mining rig you should gain more profit. I think you are not understand the mining process. First you should gain more knowledge in cryptocurrency and mining it will help for your mining growth.

Its probably more profitable to mine eth or ltc or even bcc. Bitcoin will always be profitable but with the fees and requirements to mine btc itself, its a good option to go for the top 5 alts instead

Not really, think mining will be dead bu the end of 2018

For me, it's really profitable with the high transaction fee they are demanding for every bitcoin transaction they made. Also though with the decreasing transaction that is also caused by the same the reason I also stated in the first sentence, but at least it is fixed income rather than gambling.

You can actually get a lot from mining if you keep doing it from now on and see what you gain after a month. You can also use bitcoin faucets which has payouts every five to fifteen minutes and that wont take a lot from your time.

For already a few months is not profitable for regular users. It's profitable only for big mining farms. Investments in hardware are too high. Not the only way is trading, however you have to know market rules and principles to earn money instead of losing it.

Currently the global graphics supply has reached a bottleneck, it is estimated that before the release of the new video card, it should be out of stock. Therefore, the price of bitcoin will still rise, but mining profits should be further reduced

My opinion is that Bitcoin mining is not profitable anymore for individuals. Unless you have mining farm your costs are to high compared to benefits you get. You can't compete with farms.
Cloud mining might look like a better option with less investment but there are so much scam sites that it's actualy not worth the risk.

Mining of bitcoins is not reliable source of income nowadays. Probably, the potential of miners to earn is four times lower than before due to great number of miners and limited supply of bitcoin. Miners can gain more if they are mining altcoin.

I think day by day the demand of Bitcoin is growing up so that the demand of Mining also increasing. I have a strong belief that in the year of 2018, Bitcoin mining will get more popular and profitable than today. you can see that the involvement of people are increasing so that they are becoming the fan of this system.

Not only that but also Bitcoin platform is getting accepted in many countries and many renowned online shopping platforms so that the demand for Bitcoin is getting higher and higher. That's why I can say that Bitcoin mining will have a bright future in the coming year.

Mining bitcoin is currently more profitable than ever, as the price of bitcoin skyrocketed in over the last few weeks. Some people are even selling their assets to invest in bitcoin mining (talking of myself as an example). So, if you are planning on buying new bitcoin mining contract that is a good idea, go ahead and do it, period! 

I don't think that it will become less profitable any moment also there has been updates where the people are trying to fork new crypto currency.. just because of this sole reason they want to kill the big machines all together that are used in minning because that literally means that .. rich is getting richer and poor is getting poorer because these machines are literally very costly and not everyone can afford.

Well it is profitable if you have a high end equipment/s the higher the hashrate, the higher bitcoin you will receive in mining pools but if you want to solo mine bitcoins you have to buy a lot of equipment due to high difficulty so, if you are an average person like me and majority of us, then don't go to btc mining and instead mine on altcoins like ethereum if you have a high computer.

Now you have depends on the mining scale, ordinary users is indeed difficult to profit, but the large mines in the scale, capital and power will be a great advantage, they are still profitable.

the mine is more beneficial in 2018 because mining companies will continue to develop so many users here.

you are wrong.
bitcoin mining is always at the same level of profitability more or less, at any time in the past, present or the future. and that is because how the difficulty works.

if difficulty goes up it becomes harder to mine bitcoin. if the price stays the same or drops miners will leave and difficulty comes down and it becomes easier to mine bitcoin.

if difficulty goes up and price goes up it becomes more profitable to mine bitcoin so more miners will join and difficulty goes higher until it reaches a balance.

if you have free electricity and huge money to waste - you can try mining. But electricity and hardware cost are really huge to mine nowadays - rather you should use that money to buy Bitcoin and keep your hold for a couple of years, then you will see good money.

of course, mining still can give you profit.
because the bitcoin transaction is designed to get confirmation by miners.
and obviously only through mining bitcoin can be obtained.

but it would be more advantageous if you mining another altcoin such as ETH, XMR, ETN, DASH, LITE etc ...

It is always going to be profitable, i can not understand how there is a lot of people who are saying that it is not profitable anymore. If you invest $100k, it is going to be profitable of course. But if you invest $1k, then you can not expect to earn millions.

I think that bitcoin mining will remain profitable even if the yield is small, but bitcoin prices will soar, so the mining costs can still be covered because bitcoin prices will be higher, so bitcoin mining will remain profitable.

it is not more advantageous to mine altcoins, it actually can be less profitable but instead it is more convenient to mine altcoins because it is so much easier to buy a GPU an build a rig from them than you can buy the latest ASIC and make a rig from them.

otherwise mining bitcoin is so much more profitable because it will go up no matter what. but for altcoins you have to wait for them to be pumped.

I think it is not as profitable as formerly. You need to spend huge money for hardware that could mine BTC with good profit.

I agree so far mining is not that profitable nowadays  especially if you don't have a good site and equipment to mine. For me instead of mining I'd rather go to trading and investment in some ICO because the market now is growing rapidly which is a good time to trade and hold coins and this will surely give good profit in the coming years

2018 is a very good year for mining, now bitcoin prices have reached more than $ 15,000 and with a maximum electricity cost of 25 cents per KwH then by buying S9 mining tools from bitmain then we can RoI no more than 5 months.

As I see this year bitcoin mining is less profit, because the value bitcoin increase fast and we you got bitcoin from mining, the value now is small.
For me I'm not sure bitcoin mining will be profitable in 2018. But let's we see in 2018.

I think so too , that mining bitcoin with each passing day it becomes harder and to take even more to expand the farm. If you start mining , it is best to look to younger cryptocurrency

Digging bitcoin is not too complicated, you just have the basic knowledge about cryptocurrency and most importantly you need to have big capital. The digging of bitcoins is getting harder because of the increasing number of diggers. The profit from it is not very high

Yes, I think it's will be most Profitable in 2018, actually, I think it's just not a Mining hopefully all activity with Bitcoin will Profitable. though  Bitcoin Mining prosses is some critical, so you have to take out more knowledge about Mining, also this pay is very low but if you can do that you can earn constant income from Bitcoin Mining, Bitcoin Mining is a good think last few years was Profitable Bitcoin Mining, so hopefully Bitcoin Mining will be more Profitable in 2018. 

it is called mining not digging.
and it is highly profitable to mine bitcoin if you can handle the electricity costs and the maintenance that the equipment requires.
at any time you find a block you receive 12.5BTC and currently an additional 6-8BTC for the fees! (or a share of the total based on your share of the hashrate in the pool) and with the price constantly rising the profit that you make is HUGE.

If you are dealing with daily basis then yes it is no longer profitable considering the difficulty and all expense with your electrical and maintenance I think its risky now investing with those expensive miners but if you are aiming for long term hold then who knows maybe we are collecting huge assets after saving everything that we mined.

I think it's natural because every second of people competing to get bitcoin, the less supplay left is likely to get bitcoin harder, especially with minning, while expenses remain the same as paying electric bills and others, as time goes by I think profit which in may be less and less

Big oil loves miners and so does hardware manufactures because they are locked into CPU wars all
thanks to BTC and the design and new kids on the block like IOTA will lessen the work load over time.

Useful work is fine by me but reeving the engine without putting the car into gear is child's play
but if you want to gamble $15,000 on mining rig just to make $7 a day then don't let me stop you
because its the pool owners that are robing both sides any way

Yes CPU wars and us programmers in the past could deliver systems without it and 20,000 miners
are doing the productive work of what ten home PC's could do !

I know this because i once wrote a honey-pot proxy server and during peeks it was serving up
a whopping million requests an hour for advert-click-bots with pre-cached HTTP responses and
most of them didn't know it.

HTTP requests would be about 400 bytes long and not 250 bytes as used in block-chain so take
it from a pro that the king has got no clothes on

They can scream about centralization in academia but today we have ten big mining pools doing
90% of all transactions and you wonder why we now have a monopoly ripping us off on fees.
See https://blockchain.info/pools if you would like to question these numbers   

You should understand that mining bitcoins are not that easy as you think.

My opinion is btc is not too complicated if you always follow btc's rule and do the best your duty so you can earn big money

Mining industry is very profitable in the early days. Now mining industry, unless you have large mines and low power, ordinary miners earn very little profit. This year, the most profitable ones in mining industry should be all those suppliers. This month's price has increased by 80% compared with two months ago. Besides, you know, their mines are all booked, and the suppliers are still getting money when they are still in production.

Yes, It seems Bitcoin Mining is Profitable in 2018 but it is not that easy task, you should have proper knowledge of crypto. I think it will not be that profitable if the mining is less but if you mine a lot then it will be beneficial to you because the price of bitcoin is very high.

I think it would be more profitable if one could use solar power for free :-) But it would propably be more profitable mining alt coins and then exchange them for btc.

It’s upto you how you gonna mine it and for how long you are going to keep your coins as it is after you mine them. I mean this is easy stuff, if you mine and keep the coins for next five years then your mining would become profitable after you see increased rates of Btc per coin. If you mind today and then same coin becomes worth 50k in next two years then surely you will get all the profits in no time. It’s all about your mentality and working nature. Mining could get DIFFICULT but it will remain profitable forever if you go with proper steps. Holding works for the investors and you can become one after having some coins mined,!!