Bitcoin Forum

My question is if it's still worth buying Asic's and start mining BTC in 2018.

If not mine BTC what other coin is it worth to mine nowadays?

I think there are some other similar threads are available on our forum so it is better to search before asking questions.

The bitcoin mining profits maybe not effective because of increase in the mining difficulty of bitcoin but it still give earnings.
I suggest you to mine monero because difficult level is very less and the coin is also undervalued so if you can mine some monero nowadays it will give good profits when its price bumps.GPU mining is the best available way to mine monero.

I did search and no relevant answers were found, just dead or old threads without any replies.

There are more threads on the similar topic, But to answer your question, It is very hard to mine BTC as of today assuming the high electricity costs that are involved apart from setting up your mining rig. SO I would suggest you to forget it :)

Nowadays bitcoin mining is not that profitable for end users, the ones that are profiting right now are the big comapanies that have warehouses full of processors dedicated to just bitcoin mining. For you to have profit you would have to make a big inicial investment in asics or so and there should be probably a long roi... so i wouldn't recommend it

Mining is the best platform because it is decent profit in every month. But it take more power consumption so many users are avoid the mining platform. I prefer mining is good profitable platform because I use solar power supply in my mining rig so it is reduce my power consumption bill. In many countries governments are strictly avoid the mining. Because mining platform is consuming more consumption this reason is major issues in this platform. So you should use solar power you can earn more profit.

Yes, Bitcoin mining is still profitable even these days and it can make you some good profits if you have a good ASIC miner like "Bitman  Antminer S9." But, like other mining rigs it will still depend on the cost of electricity, and if you have access to free electricity then profits are good enough.

Mining other alternative coins is also profitable, but unfortunately they can only be mined with GPU-miners that aren't pre-built by companies like "Bitman," but can be easily made by locals who are good at hardware stuff. Ethereum is more profitable as compare to Bitcoin, and with a good GPU-Rig one could easily expect 160 MH/s with 6 GPU-Rig.


You can also calculate mining profits with online calculators like that of crypto-compare. The calculator gives you accurate profits that you earn from mining different coins.

today the remaining bitcoin is only 4 million, and I think it's a bit late for mining. especially with a system that has not been normal, so it can disrupt the transaction. today I think everybody prefers trading rather than doing mining. and both generate huge profits.

The profit depends on the rate on your electricity bill. But I think it's not a bad idea to mine with the Antminer S9 as I expect the price of Bitcoin to recover in the next coming weeks. I can encourage mining from different places in the world to keep the network decentralized.

Bitcoin mining has grown from a handful of early enthusiasts into a cottage industry, into a specialized industrial-level venture. The easy money was scooped out a long time ago and what remains is buried under the cryptographic equivalent of tons of hard rock.

The sad truth is:

Only those with specialised, high-powered machinery are able to profitably extract bitcoins nowadays. While mining is still technically possible for anyone, those with underpowered setups will find more money is spent on electricity than is generated through mining.

In other words, mining won’t be profitable at a small scale unless you have access to free or really cheap electriciy.

Of course it is still worth it to invest in bitcoin mining. actually mining bitcoin gives the fastest return of invest compared to other investment in just a year you will get your ROI but it is still depends on how much hashing power your mining hardware setup or how effective it is. if you are planning to do bitcoin mining but only want to invest couple of asic miners forget about it becaise i dont know if it will be profitable.

I read on some forums and facebook groups that mining bitcoin is not profitable now so they convert to altcoins mining. But it still depends on your specs, how much it costs you to build it and your monthly utility bills. Still profitable but I think mining altcoins is more profitable now.

I'm bit confused about it. Because the beginning of 2018 is very bad. Bitcoin still not recovered from this crisis. So I'm waiting for the further movements,then only we can take a decision.

That differs from time to time, GPU mining seems to be more profitable than ASIC mining, looking at this website: https://www.cryptocompare.com/mining/#/equipment
Also hashing power doesn't really influence your ROI, hashes per price unit do. It doesn't matter whether you have a machine with 100 Mhash/s for $100 or a 200Mhash/s machine for $200, as you'll have the same ROI.

I also read that too in a site, still uncertain if we should agree to that or disagree. But I think that whoever wants to mine bitcoin can do so if they have calculated or do an estimate of their profit after all expenses on electricity or software. We may be neglecting bitcoin mining now, when the price pumps up watch how most people will rush back to it. Bitcoin mining can't be quited so soon.

Bitcoin mining is not advisable as earning profits as of now. I did not try to mine because all of my friends are withdrawing in mining. They said that it is just a costly and not anymore profitable. However, we can earn with mining but I think it is now good to mine in altcoins.

it is always worth mining bitcoin because bitcoin has a good future and with the price rise of it, you will always make more and more profit from what you have earned. so the risk is minimal. but  at the same time it is hard to mine it so you have to consider that also.

it is probably best to start with mining altcoins. specially if you are observant enough to switch fast between them and mine the coin that is getting pumped and dump your mined coins fast during the pumps to make the most amount of profit.

Imo it isn't worth it to mine bitcoins in 2018 as the current electricity rates are very high (especially in India) and even Nvidia declared that they don't want to sell GPUs to miners but they want to sell them to gamers as they get feedback from them.

Keeping the hardware and electricity issues aside, the difficulty while mining has increased as well and this is becoming a lot more competitive than expected.

Therefore, I don't think that investing in a mining rig would be profitable in the current scenario.

Mining it profitable but you have to think long term. You should keep the mined coins for few years. This means you need to invest some money out of own pocket on equipment without any earning for that time.

Yes mining is really profitable you should really think for it but base on some lititle birds I know you can barrow on banks now a days because bitcoin is getting long which people acknowledge now a days.

with think he money you barrowed you can buy a mineral or ASICS. 



Well not because of you friends will not try anymore to invest in mining. Did you try to ask them why? What are the reasons of there widrawal?. Here is a little tip don't follow on what your friends doing be strong and be independent on things, try to separate yourself from them.

                                                                                                                                                                                                                                     of course, I will always use it because it is still worth bitcoin use. but, if you want to feel in a profitable continue you can use high power to move it. I'm also sure of the upcoming time, all the chaos that happened yesterday will soon recover as usual in the near future.

For me it is not profitable. I sold my mining equipment, when I got that trading, when you do it after thinking over your scheme of business, brings more. Yes, mining is not risky, but ASIC will eat much money.

Yes, the current bitcoin trend is still very good.
I believe that bitcoin will continue to grow rapidly in 2018.
It will soon return to normal and reach new targets.

Mining using ASIC is still profitable even more when you have free electricity :) :) :)

Mining is the best platform because it is feasible to buy every month. But it takes more power consumption so many users are spared from the mining platform. Moreover, bitcoin in 2018 mining is not too increased but prices often rise and increase.

I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity.
 To meet these two points, I think you can still dig in 2018.::)

The only hardware that i know off capable of mining bitcoin right now is Antminer s9, which coast roughly about four to five thaousand dollars, you will be able to make its money worth of bitcoin in about 6 to 7 months, and this considering that you will be runing it 24/7 and with 0 electricity coast, so all in all i don't think that it is profitable at all because even if you have free electricity these caculation are made at a certain mining difficulty which is always changing so 2 months from now this could change, so unless you have a lot of moeny to buy expensive hardware and an empty space and free elctricty i don't recommend mining bitcoin, instead do like everone and just mine altcoins with GPU and then exchange them to bitcoin.

First, i think better if you move your post in mining childboard...

Also, its not profitable to mining bitcoin with only 1-2 asic even if you have 1-2 antminers, it's still not profitable. Better if you mine a coin with a lower mining difficulty level like monero, ltc, zcash, or ethereum.
You can also buy at least 50 onion coins for participate in their airdrop every week

No i do not prefer mining because the cost of resources for mining is higher than what you will earn through mining. So i will suggest you for trading not for mining.

In 2018 I very hope that bitcoin will rise. Maybe about him will begin to talk more often. I would very like...

I don't think so. Bitcoin mining is in the past. It is too difficult right now and it does not pay off for a very long time. If you reaaly want to mine crypto, you should consider ETH or RPL mining.

The difficulties are only increasing, I'm not sure what to invest in mining now is the best plan

seen from the development so far bitcoin from year to year continue to reach the peak of its success. every day ico campaign continues to compete. this is evidence that bitcoin is always on the rise for visitors who want to join what bitcoin again in this year 2018.
but in this year the visitors are somewhat filtered to participate in investing with bitcoin because now every registration in the first deposit. it aims to keep all cheating cheating that has happened so far.

It is. They are just saying that mining is not profitable since you really need to have a good capital in order to buy good hardware for your miners. Also, mining do not give your profit that easily since it takes time before you get back what you have spent on it, electric fees are really not a joke.


There are a lot of digital currency and if you will be buying an ASIC, theres BCC and other Bitcoin altcoins that are aiming to take down BTC which is not really successful. Though you can just use a mining calculator to calculate your earnings if it will be profitable or not.

Yea, why not? What's the idea behind this question?

No, it is not worth mining bitcoin- only if you have an advantage over the market , then yes.

It is not worth it to mine BTC nowadays. Majority of miners are residing in China and they have cheaper electricity there. Also, the value of BTC is low as of now so I would prefer mining alts if possible.

its still worth to do i think, with more miners, the more transaction on the blockchain will get completed
but as miners, still need to count all profit and the fees to pays electricity (it depends on the country i think)

Bitcoin mining will not give you the instant profit you have to wait for a long time, but in the long term, you can make a good profit. And you must buy the latest machine to mine bitcoin. Cost is high and electricity bill also high.If you can afford this, then you can mine bitcoin. Suppose if you can not afford to buy ASIC you can buy GPU's and mine other altcoins.

It is very much impossible to have low electricity bills after earning a good amount of bitcoin through mining. The expenditure is not acceptable that is why hackers are using other people’s resources to accomplish this job.

There is no doubt that bitcoin would be soaring up but other methods of earning this crypto currency are more suitable. Personally, I like day trading because it gives the most earning.

Mining bitcoins in 2018 is not possible if you have a single high speed computer with a lot of GPU power. These days bitcoin mining is very difficult and we have companies who have mining farms  and only those mining farms can mine Bitcoins profitably. 

Unless you are building a proper internationally competitive mining operation with low energy costs and the best equipment it is definitely not worth it. If you start you are in effect starting a business

It is funny but yes true most of the time people use other people resources to get bitcoin mining done, I guess it is so expensive I am not in favor of mining because it is very hard to buy bitcoin mining equipment and other thing is that bitcoin mining takes a lot of electricity so people will get unaffordable electricity bill. So if profit is less than investment then I won’t suggest you to go for it.

With your this point, you know people are not being impressed with bitcoins anymore. What they think of bitcoins that they are ending in this year. Although there are wrong and they need to update themselves about the nature of these coins.

As far as second point is concerned, yes you must have little cost of electricity, only then you can get more of profits out of bitcoins anytime.

The trend may be going higher though that doesn't mean that Bitcoin is going to be easy to mine. It will cost a lot of money and effort to mine Bitcoins.

Of course it does. Why not? It is possible to invest quite profitably and then not even think about financial difficulties

Although i haven't doing mining so far, but to my knowledge.. mining is not easy and requires a lot of calculations / requirements in it, i think it's better to looking for another efforts besides that and also if i've to choose.. seem i prefer to another efforts.

I think mining bitcoin is a good choice, and it can give you a lasting profit.
But tapping bitcoin requires a lot of money. You need to buy expensive equipment, and you need to find cheap electricity, which will seriously hurt your profits.

It depends just on your electricity cost. If you have no worry about it, then you mine bitcoin happily. Otherside if you saw your bills goes high then mine a little bitcoin because you earn from it.

I know that electricity costs are high when mining, I was asking of course with the high electricity bills in mind, if it is worth it or not.

How about renewable electricity ??? Would that help in the mining cost?

Yes because history will repeat itself so probably there could be a good time for mining bitcoin. This is very possible thing to happen and we could expect that 2017 best records for bitcoin market price will be beaten up by this year and more more investors and BTC holders are already starting to invest on it.

indeed the year 2018 is a lucky year with bitcoin, but I do not leave bitcoin because bitcoin for me is a super hero.
if you want to mine fixed in bitcoin because someday you will get big advantage maybe just this sara me and all up to you

Depend on what coin and how high your spec device in order to mining.
If you ask about bitcoin, I think it's difficult to find a worthy mining spec because it's difficulty getting higher than ever.
You can try for looking another altcoin to mine !

Of course. It is possible to invest quite a profit and not even think about the financial difficulties. It just depends on your electricity costs. Besides, if you see your bill high, get some bitcoin because you earn from it.

Of course the answer is yes, bitcoin mining in 2018 is still worth it. This is because even though the price of bitcoin is still falling, but it still has its price. Bitcoin mined can be kept as long as it can. But, it depends on the coins we are mined, sold or not in crypto market .That why before we mined the coin, we must revise the price of the coin we are mines.

From what i heard from my friends, its still profitable mining bitcoin. But if the electricity tariff more cheaper, he must be gain more profits. Every country have different tariff on electricity and i think make bitcoin mining still worth and profitable

It is difficult to answer unequivocally, there is a risk in any industry and profit too.Now is not the best time for production, it is clear,but if you want to realize yourself in this direction then start.

I think its still profitable if we build bitcoin mining. In several country, bitcoin mining still profitable because they have cheap electricity cost. Its more safe mining bitcoin rather than others coin because most coin in market fall more than 90%

mining is no longer feasible. due to the falling coin prices so that the operating costs are far greater than the existing income. so I prefer not to mining. mining tools at home I just leave it.

people still keep mining until now and I think bitcoin mining will not last long if the price of bitcoin keep going down  like this

how do you plan to do this? it is bitcoin that I believe is not, and other cryptocurrencies can be

Looks like bitcoin mining is no more worth than last year because the price of bitcoin has falling to the low price.
CRyptocurrency mining will be more profitable if the price of the coins itself high. Otherwise, you cannot even cover your electricity expense from mining crypto because the value of mined coins are bad.

some people said that the profit is small, and it will return in 2 years and more, but if you want to try you can try it by yourself, or if you have a rig you can try to use your rig to do mining by yourself

Before the total BTC runs out, I feel mining is still profitable.
Later when BTC cannot be mined, the fee will be used as a payment tool for miners

depending on each country determine the pay for electricity, because in a smooth mining activa that really must be considered is your electricity bill if you are mining and your mining income under your electricity bill means it is not worth it for you to do, if it's still far profitable means mining is still good to do this year

Yes, of course bitcoin is very valuable . I once opened a factory and used many computers to exploit it. But now it does not bring me good results because of the increasing difficulty. The amount of bitcoin I earn is very small. So, I went to exploit other virtual currencies, it's low value but easy to exploit and earn more stable profits. And the virtual currency that I choose to dig is Dogecoin

of course, with buy some VGA card you can start mining, many people said that its not give us profit anymore, but its all wrong, if we buy VGA cad and sell it in the 2nd condition i think we can get the money back from that selling price, so why not we mining and sell it after BEP

Yes bitcoin is always worth. Every year bitcoin improves just like now the price of bitcoin is worth so that you can get a big profit.

It's  a yes  for me   ;)  still  worth  it  ;) I'm not  into  mining    but  I suggest  check  Out  what  are  the   trend coins  to  be mine so that you'll be able to decide if it still worth it  ;)  but it is  always  depend  on your  analysis  ;)

it depends on you if you want to mine in 2018 if it's profitable, you have a fortune, if not, it's not your fortune

I believe that it will be worth mining bitcoin until the price doesn't go lower than the cost of mining bitcoin.

by looking at market capitalization that is still large, i think bitkoin is still worthy of long-term investment, as we know that more and more countries are starting to accept it, even though it takes a long time, but i am sure it will bear fruit later

I think this is a difficult question. It is hard to say yes or no. My suggestion for you is considering carefully. If BTC price falls down too much, you could mine with 50% or 60% capacity

Mining is profitable sometimes and good to give shot for it. I am also get a mining site and I am surely get profit into it month and can get something when I am in need. Though price of bitcoin drops it is good to mine some of it for you to hold till the price goes up. We cannot contribute on the more fall but add some on the account which gonna worth a high price.

in my opinion it is feasible to be feasible but not effective, the point is that you are free to mine what is not but for this year it is not effective because the average crypto price is low, it is better to wait for prices to rise again. It's better now to trade or buy coins if you still have USDT

Agree with this statement, we can farm or mine bitcoin but not profitable at the current situation at the market of crypto currency, for now much better to look for altcoin to mine which is you can able to earn money in only few days of mining. Lots of solo miner of bitcoin are now start to adopt other coin and hold for their future increase.

Now that there is only a few million remaining bitcoin supplies, I think it's too late to do mining for very good results, my advice is better to trade, because now trading is more profitable than mining.

I think it depends from the electricity cost. If you live in a electricity friendly country then its okay.

To my opinion mining is not profitable anymore, at least not for individuals. If you have a mining farm then it's a different story but otherwise not.
Costs of equipement and electricity are too high compared to profit you will get and cloudmining should be avoided because it's usualy connected to scams.
It's better to put your efforts to trading or some other way of earning Bitcoins but mining is a past tense now for majority of users.

mining requires a lot of capital in its investment and at the moment the results do not promise profit and I think with the current conditions trading with patience and confidence will be more promising

In my opinion, if you have not previously engaged in mining and you did not have powerful equipment, you should not climb there. But if you have extra money, then of course you can try

It is still worth mining if you will have still profits after deducting all expenses like the bill of your electricity but if you have negative output then it is better to stop now and wait for the price to rise then start mining again. Your the only one who can check your earnings in your mining setup.

mining does not always require a capital or huge capital before you get started because even if you do not have a cash in your pocket , you can still possibly mine a crypto due to the fact that there were now lots of mining sites that you can use nowadays and yes most of them are totally free and easy to use . however the profit that you might get is litteraly small if you are only using a third party service .


2018 is a more advance year when compared to the  past year and many people are now also doing mining , so there is a slight difficulty which can affect your gains . although the profit will still depend on the device that you are using .

I suggest you not to invest in mining now as the value of crypto is too low you cannot afford even the electricity bill. Yes this is true because I've gone through this from the past 8months and I have stopped now also you need to invest lot of money in mining think multiple times and plan accordingly.

yes of course this time it's still very worth it if you buy bitcoin at a price in 2018 the price is still very cheap because this bitcoin price has the potential to be one of the coins that has a very high selling price. Bitcoin prices can reach more than $ 50k so take advantage of these cheap prices to buy bitcoin.

i think ETH is best here for future and mining.

Bitcoin mining price is close to market's value, so it is no longer profitable in many countries already.

However, if you have free energy or very cheap energy, then mining still could be an option. Otherwise, trading or hodl are better.

The reason that the mining is getting less profitable is different. each year the award for miners becomes less and less. However, it is still worth to mine Zcash.

Especially for the conditions in my country, where electricity costs are increasingly expensive. I think it's no longer profitable to mine. Because, it takes a very long time to get capital back. For me personally, it's better to buy bitcoins and altcoins that have a good investment value. Maybe that makes more sense than having to mine

Yeah mining bitcoin on this year is still worth but if you compare it to last years there's a big difference. I mean mining last year is very different compare to this year because lots of things changed. The amount of bitcoin you mine for one day decreased a lot and you need a lot of time now.

I agree, we all start out small and grow with time, so trying yourself before taking on something big is a good tip.

I have read many material on mining but i come to this point that mining bitcoin is very expensive in 2018 and that's why mining is very rare in the world because everywhere the cost is more than it's benefit so i want to say that we should move to other coins mining and in 2018. In my opinion bitcoin is very risky so we should start investing in other projects as well.

I have 4 racks of miners for ETH and BTC coins. and I will provide conclusions that I have experienced in 2018 which miners get very little profit because coin prices are decreasing, while the electricity needs of the machine are stable so that the profit gained is little. for now, it is better for you to trade because it is more profitable.

It really depends on how much you pay electricity bill - if you are in Canada or other north land where you get a low temperature all months of the year you can be fine and you can still earn. BUt be careful because also the ring tend to cost more and more while the computation to resolve is getting very extreme. So choose wisely - it was supposed to be kinda fair but in the end I think only such a big cooportation or rich peolple can handle this situation. You have to spend money to get money

Mining bitcoin when all of crypto price have down is not good ideas, I think we have find other way how get much profit with altcoin or bitcoin. we buy mining tool with higher price but we only get small reward from mining and it so bad.

It's expensive considering the ASIC miner that you have to purchase and the location where you are going to mine by estimating the cost of electricity.

Bitcoin is risky? well it has been said many times and if you think that its risky then don't invest on it. You should consider investing in other projects? well good luck, most of them now are scams and if you don't want to stick to the king of all crypto's its up to you.

it seems to me that in 2018 the market fell so low that you should not spend more on electricity and other costs, but if bitcoin starts to grow you will justify all your expenses

I think that for individuals it worth only if they have dirt cheap electricity. Else they have better chances by only investing.



What is better to mine is hard to answer today, since the market is down and the alts have really suffered a lot. Ethereum was the usual "safe to mine" coin, but it may not be the case anymore. Monero price is also quite low. So.. it depends more on what coin the miner thinks it will rise faster. Again, investing may be better for now, until we see where the market goes and which altcoins will actually rise again.

I think, if we do not know how to mine, it is better not to mine because there are a lot of costs. but if you have capital you can learn to mine. the point is just patience.

Nah mate. Mostly it's a waste of time and effort. Bitcoin mining requires a lot of resources which are usually not within the means of an individual. You can try your hands on mining shitcoins with low difficulty level

Yes, it is up to you to mine or not to mine, and you have to use expensive machines and lots of capital if you do not have it. My advice is that no ocit mining than you will lose. and even waste time if we always invest without capital

I am not sure about this because from my friend story, he needs to pay a bigger electricity fee and he cannot earn a big profit in his vga. But I don't know what is happening with the largest company or people who are using more than five rigs at the same time. But I guess their profit is not too big depends on the last year and I think their profit decreased too deep.

I believe that all??? is worth. I'm still looking at bitcoin mining. Because closer to the new year it will begin its growth. If not bitcoin, you can produce Litecoin, Dashi, too, good coins.

I think if bitcoin can buy bitcoin and smart people only if this happens to manage bitcoin only in the area of bitcoin experts and technology while like me it is difficult to get bitcoin.

Guess it's not a very good time to start, taking into account that very little amount of btc is left. Time for trading.

Instead of investing money in mining hardware your better off just buying the coins.  looking back at the profits miners have made, they would have pretty much always been better off just buying the coins instead.

Profits have been rapidly decreasing as difficult is continually rising.  Right now is a tough time to get into mining.  The only positive right now is you may be able to pick up some cheap gear from desperate sellers.

I think it is worth starting to mine bitcoin because you still have chances to catch the big fish. I am mining and I recommend it.

I would agree, overall you can give it a shot, there's always going to be a risk,no matter what you do.

Mining bitcoin doesn't worth the effort in 2018 because it is no longer profitable unless you are planning to hold your bitcoin until the next bull run.

mining bitcoin is determined ourselves if we want to mine it is up to it if not yes it's up to our right to do whatever it is so no one forbids us and it doesn't hurt if we want to mine or not if it's lucky yes it's profitable if not be patient just maybe not hockey

You have a point, but it still depends on the devices and resources a certain person can provide. If they provide it then try to mine but I also think that mining bitcoin is not profitable now.

Mining bitcoin this year 2018 is not that good . Because you will spending alot of money in buying hardware and the profit will is not that good, instead invest or buy bitcoin.

I think to date investment in bitcoin is still feasible, because some people still see that bitcoin still benefits investors. yes, although sometimes difficult to guess, bitcoin can still be used as an investment

Many factors need to be considered to conclude and answer the feasibility of mining Bitcoin in 2018. I think, Yes, it's still worth, but, that's only if you invest a large amount of capital on a good mining rig. If you do not have time or money, you should stay away from mining and only invest in buying Bitcoin for the long term.

If you have access cheap electric, it is very profitable. Even if you don't, still it give some profit. Otherwise people would stop mining and difficulty would drop.

But people are getting profit out of it. But yes, you can't have huge earnings.

I too as well as you studied this question, but all in one voice to me repeat that it is too expensive and doesn't justify itself. So I gave up the idea and decided to just buy it on the stock exchange.

In my country, the cost of electricity is too high. Therefore, I immediately abandoned production in favor of the usual long-term investment. I think it's even more profitable. And more simply.

It can really be disadvantageous for you. You need to buy expensive equipment, pay large electricity bills. In addition, this is quite a long process, So I recommend you not to bother, but just buy bitcoin and wallet for it.

I think you will be able to earn in mining but it’s difficult and also the materials you need are expensive.
You will also pay large amount of electricity bill to earn small amount? Also mining is a long process.

The answer to this question is it depends on where you live and what level of investment you’re willing to make. You may find that you live close to a renewable energy source and therefore, can run the most powerful mining rigs possible without killing your profits on electricity.

By looking at the falling prices of bitcoin, accompanied by high electricity rates, and mining equipment that is difficult to obtain and also very expensive, I think it is best to forget about this bitcoin mining in 2018, because the risk is too large and we might lose a lot if forced yourself to mine bitcoin this year.

I think it's not really worthy to spend time, money, and effort in mining this year because of the status of bitcoin. Here in our country, my miner friends had recently shut down their mining rig because of bitcoin crash and very expensive electric bill.

in my opinion it is still feasible, because bitcoin is still quite a lot left over that is still not mined, but if the problem of profit or loss depends on the electricity tariff in your country, if the electricity tariff in your country is cheap enough to do mining is still quite profitable.

I think for bitcoin is very difficult, so people choose to do minning on other altcoins. well, even for altcoins, it takes hardware that is so super fast, and good for getting enough profit. What's more, risking from minning is quite large, I think people are now switching from bitcoin to altcoin.

One of my friends was shut down his rigs because he cannot make a good profit and he decides to stop the mining process. Although he is not mining bitcoin and only mining altcoin, he saw that he doesn't have a chance to make any profit because he needs to pay the high electricity fee and usually, in the last year, we can pay with easy, and he still makes a profit. He said that maybe if bitcoin price increase in more than $7k, he can continue the mining process but right now, he prefers to stop the mining.

Maybe all the miners will get chance to make profits because of the difficulty rate still it is possible to make profits by mining bitcoin that is why we still the transactions were confirmed maybe your friend need to be in a place where the electricity is too cheap.Even I too suggest altcoin mining now a days since we can make more profits from converting the mined altcoin to bitcoin than direct bitcoin mining.

Beside BTC, Ethereum or Ripple is the biggest coin in the market and are being widely used. Thanks to these outstanding features and practical applications in practice such as fast online payment, low cost, no Have any organization or state managed, highly liquid and digitized. Maybe you do not know, apart from bitcoin out Ethereum is also the largest digital currency in the world.

Mining is not as profitable as it used to be, but many people still earn on it. I think there is a possibility that in the future many coins will move away from POW towards POS and its variations

At this moment in the event that you mined a bitcoin obstruct, with two bitcoin of exchange charges you would get a mining payout of 14.5 BTC worth- - a reward at current rates of generally $92,000.
You can consider the mining reward as being 14.5BTC or $92,000 yet you can rest guaranteed that the vast majority care more about $92,000 than the BTC consider for a begin they should pay a gigantic power charge in fiat.

There are major problems when mining bitcoin because many claim that bitcoin mining make there electricity bill increase and that is why many have left the mining business but if you can find a solution to reduce the cost of electricity by using any alternative power source like solar I hope it can be profitable but the initial cost will be much higher and will take some time to recover the cost

It is not advisable to mine BTC today because you will only get broke if you only have a few hardware compared to big companies that operates in a low cost electricity rate and cold environment.

Mining have come to stay and professional cryptocurrency miners are not ready to quite. With the right technical know-how and experience in mining, mining is still very lucrative.

Bitcoin still controls the crypto currency market, and the price of bitcoin is still high until now, besides that, bitcoin still has hope to be able to rise again. For that, I think that until now there is a very open opportunity to make a profit through bitcoin mining, and indeed until now bitcoin is still very feasible and still reliable.

there is tons of birtoin miner outthere, and lots of companies invested to bitcoin mining millions of dolar, if its not worth it, why these companies invested and still investing,

they are investing because they see the big picture, most of people investing for short term but big players allways invest for long term

I read in several forums and Facebook groups that mining bitcoin is not profitable now so they switch to altcoin mining.
Bitcoin mining actually provides the fastest return on investment compared to other investments in just a year you will get your ROI but it still depends on how much hashing power your mining hardware setup or how effective it is

Bitcoin mining is no longer a profitable venture for me. I now see it as a mere waste of resources because it takes time to recover even your investment. I can't even try it with cryptocurrency mining firm. I prefer to simply buy my bitcoin and hold, then sell when the price has risen.

Bitcoin mining isn't the best way to earn more money when you thinking about long term investment. Mining is no longer a profitable business for me again.

Yes, of course, but the question is, perhaps you will become an investor for a long time, because cryptocurrency is not in a hurry to grow

It depends on your initial budget for the equipments and for electricity. But I am sure that making money by mining Bitcoin is nowadays harder than a few years ago, because it requires actually to spend a lot of money and waiting a long time until you get back your ROI and start generating the profit.

It seems to me that the issue of bitcoin mining remains relevant all the time, at any time. It is necessary to seek to get as much bitcoin as possible, if of course you want to have a good income. :)

I think that if a person has a question about bitcoin mining, he probably has money for it. It is expensive and difficult, it used to be easier, but, unfortunately, very few people knew about Bitcoin before

YEs it is as long as the electric bill will be low.
there are different county in this world and different collections of bill in this world.
If you are in a country that collects a cheap electric bill then its ok.
as long as you can gain then it is good.

No, you do not need to buy a computer for mining now!It is extremely not profitable.Production is much more complicated and the computer will burn faster than pay off.A lot of my friends lost a lot of money.We even atlasplus from cloud mining,as even he ceased to pay off.

The problem is that bitcoin mining becomes harder every time a new bitcoin is mined but while this process keeps going on the price remains the same or even goes down. It's obviously that mining bitcoin becomes less profitable since you pay the same amount of money for investments in equipment but you produce less bitcoin wich equals less profit made. Probably its still profitable on the big scale otherwise people would stop mining bitcoin but if you want to start doing this by yourself you are probably going to lose more than you earn.

Mining of bitcoin has really gone far to the extent that currently we are way above the 16 Milion block.  the difficulty in mining also has increased so if you are now getting into mining then you need to join a pool of miners so that you can stand the chance of earning some rewards.

I suggest to still mine bitcoin, No doubt about it. It is the bitcoin that makes everyone loves cryptocurrency, at the same time it is the future and we must consider using it, No question about that. This will surely not disappoint us because we are heading in a technology era. Mining is still a great way of gaining though it is a lot more costly than trading or gambling.

Yeah it still worth to mine bitcoin depend on what hardware are you using at. For me i just use my asic miner cause it more easy to use and had a short to roi. It depend on your tariff of electricity. So go make your own mining cause it really easy to earn money with passive.

I think some of the people of my countries are retired in mining because I've seen that many of them selling there rigs and they say mining is dead. Because in our country electricity is expensive here. Not just like japan and other countries have a nuclear to less in the electricity bill. They are now focused in trading it's more profitable than mining they said.

Bitcoin mining is still highly profitable and it will always be. If it wasn't profitable nobody would be still mining it. It is costly though, you need the newest miners and electricity fees are high but you got to spend money to make money.
Of course, mining other coins is easier is less costly but less profitable. You can't just expect you can make high profits with some old CPU miners, those days are long gone.

For me it's not ok to start trading for now the price of altcoins and bitcoin is already fall its price so if you are planning to start mining. In this year make sure the prices of Coin what you gonna choose to mine is in good condition of price.

Most bitcoin and altcoin are down, Mining is still quite attractive but not as much profit as before, need big investment and slow return!

if you can get cheap electricity and naturally cold environment - yes, Bitcoin mining is still profitable.

Many bitcoin miners right now are selling their rigs, that's why VGA card price is dropping lately.
So it's indicate bitcoin mining is not worth it anymore.

Bitcoin mining is still very profitable but you need to have huge capital so that you can earn much profit. Actually, aside from bitcoin you can also mine ethereum and I think there are many transaction in ethereum than bitcoin so that I it is more profitable to mine ethereum.

Mining Bitcoin will continue to be lucrative as long as Bitcoin continue to be valuable on the market. Mining of Bitcoin is always getting harder as they are mined. With time, Bitcoin will be very scarce because the amount of BTC mined will decrease which will make Bitcoin very limited in supply.

In addition to bitcoin there are many other currencies worth exploring. Litecoin is a coin worth exploring. Litecoin has a limited number of 84 million units, while the maximum number of Bitcoin is 21 million. In circulation there are about 54 million Litecoin and 16.7 million Bitcoins. Litecoin aims to reduce the time required for new transactions and refine Bitcoin's exploitation methods so that anyone can participate.

It is always worth it to mine btc as long as you don't mind the sound of the machine and/or you are okay with using your electricity bill as a credit card on which to purchase btc every month.

That's how I look at it. I used to have a 2 THs miner plus my S3 miner going and all through out 2015 - 2017 they mined fine. The 2 THs miner was loud as all hell but I put it in the garage so it was okay. But then an angry neighbor smashed it lol. Anyways through that time I never once thought about shutting them off. ( It was to much fun mining ) And the electricity at the end of the day was manageable.
 

I think the profit from bitcoin mining is quite low at the moment. The cost for the extraction process is too high, the bitcoin price is low. If you want to exploit bitcoin or another currency you should consider carefully

I feel for now it's still very worthwhile to do mining btc because the price of btc has started to crawl up from what I saw a few days ago, and starting to show signs of an increase, will the price of btc rise again to the highest point as at the beginning of 2017? if you believe this, then mining is a thing that is still very suitable at this time depending on what spec pc you use and also depends on how many electricity bills in your country are worth mining or not, that's the thing that must be taken into account if you want to do mining for now.

Each country certainly has different financial needs in mining costs, both regarding electricity tariffs that need attention, as well as mining equipment and other needs that are in dire need of large costs. Looking at current market conditions, where bitcoin prices tend to decline, mining costs like I mentioned above experience price increases. Of course I see it is very risky and maybe the benefits that can be obtained are very small through bitcoin mining at this time.

Maybe if they have a large of hardware, they can still get a profit from mining this year, and they don't have to use a big fee for the electricity. But for people who only have the small hardware, they cannot make any profit, and even they will need to pay a big fee of the electricity. It depends on many reasons for the mining to continue and the big things that we need to aware of are the electricity fee which is different in all country. And if you can get the cheap electricity fee, then you only need to think about how the hardware can get a big reward from the mining process.

Of course, it is worth it because in a couple of years it will cost $ 100k and those people who produced 6 to $ dollars will be in very good profit

If we are talking about mining bitcoin through mining, then it is now very difficult. Currently, mining has become very difficult, as it requires expensive equipment, which is required due to increased competition. Also now there are many large companies that specialize in bitcoin mining and offer their services to investors.

Bitcoin still looks to me the most attractive for mining because I believe that it will grow well in the future and believe me it will bring a lot of profit to its investors

Every year production becomes more and more labor-intensive and expensive. Now this type of earnings is very popular, but not available to everyone, because of the competition requires more powerful equipment. Have become popular so-called large farms that offer to earn those who can not mine.

Here in our country mining bitcoin is not that profitable anymore if you're doing it alone. Cost of equipment to use, electricity and internet is very high and bitcoin value is lower compare last year.

I not sure what best alternative to mine but I believe monero, litecoin and ethereum are still in the top list

Yes, it is worth mining to those who mines lately. But as a newbie in mining? I guess it is not worth to start mining now 2018. It is profitable but as your bill of electricity rises your profit will goes to them. And ofcourse, in order to do mining, you have to buy an expensive mining rig which is capable of 24/7 use. It will always take time to earn but as what is always told here in the crypto-world, you must risk your time too, not just your money in order to earn a good profit.

Yes it is still profitable for old time miners specifically for those who has .10kwh rates even gpu mining can still give you a little bit of profit. Tho unlike before the current profit is much smaller than before.

However I am not so sure if it would be beneficial for you tbuy asics right now as you may not know what is ahead. Therefore it is all about risk in the end

Bitcoin mining is not looking good now because bitcoin prise is low for now but if we think to long invest for bitcoin and if we think to save bitcoin for future , i think it will be profitable invest . This year was not good for bitcoin prise till october but it will not going like that and bitcoin prise will rise .

With that large high difficulty ? :o mining bitcoin now is only left for big companies or very rich people because the cost of asics is high and to make good gains every month you will have to get tons of asics and build a big farm. My advice is to mine other coins and get paid in bitcoin or exchange them to bitcoin,do some research or head to whattomine.com you will see the most profitable coin you can mine presently.

Bitcoin is quite unpredictable cryptocurrency, very few people can answer this question. However, there are a lot of worthy analogues now, and if you sit and analyze the current market, you can get an answer to your question about other currencies.

I think it's not a good time for a new comer at that time . You need a lot of money to stick to that and patiently wait for the price going up.

Current energy consumption mining has begun to be non-profitable. Moreover, an increase in the degree of difficulty also reveals the cost of the device. Under these conditions, the only way to continue mining is to increase the value of Bitcoin and therefore all crypto coins.

Mining of bitcoin are still profitable, but this may change at any time. The price of bitcoin often changes, so many people do not want to take a lot of risk and buy expensive equipment, which later may be useless. Although on the other hand, many people have long predicted the death of Bitcoin, but he holds the bar high and now shows good stability.

yeah mining is profitable buts its totally depend on your electricity bill and i think in 2018 new technology has been occur like masternodes and cloud mining i think we have to move on like masternodes and cloud mining not remain on expensive hardware and electrical bill issues   

It depends just on your electricity cost. If you have no worry about it, then you mine bitcoin happily. Otherside if you saw your bills goes high then mine a little bitcoin because you earn from it.

Yes, you are right. bitcoin is very profitable if at the right time. because bitcoin is always up and down. I think bitcoin will always go on, because more and more people are using it, and that really affects bitcoin

There are more threads on the similar topic, But to answer your question, It is very hard to mine BTC as of today assuming the high electricity costs that are involved apart from setting up your mining rig. SO I would suggest you to forget it Smiley

Heavy manipulated mining community as there's too much big players with advantageous position to chip off regular miners, mining machine cost, electricity, price movements, regulations. it seems like an ordinary household miner couldn't get what are they deserving these days, suffering loses with never reaching ROI and BTC dusts, 2018 is not a good year for mining i believe unless you have resources to give cheap electricity 

capacity in 2018 doubled compared to 2017 for all coins, the competition is growing. this leads to the fact that the mining market will monopolizirovany that will be bad for the decentralized blockchain technologies.

In our country I doubt if any of them still mining because of various direct and indirect factors it is not  anymore feasible considering the cost etc. ROI take years before you start getting return and in between price falls then it is different story altogether.

yes right one of the hardest problems to mine now is high electricity costs and also the difficulty to get coins I think it's hard to get a profit. I might suggest trading or waiting until the price of bitcoin and all the coins go up to start mining again

in my opinion in 2018 this is a good step to mining and investing our coins considering the current market prices are decreasing

yes of course because there is still the chance of increasing btc so it is worthy.

I agree with your opinion, monero still has the potential to mine, but it should be noted that at the moment the situation is very bad, because market prices have fallen sharply, so if they mine it might not be able to make big profits.

There are several question related to this thread i suggest to look there fort answers.
Anyway, Mining will cost you a lot of money. There are some coin that is worth the expenses but mining will be a reason to increase your electric bill.

I think no. Because at this time the price of bitcoin is down and there you are going to lose, because the income earned is not in accordance with the electricity costs you incur. But if there is enough capital. I think it's good to keep mining but the bitcoin you hold until the price goes up.

Bitcoin is still worth mining but you have to invest huge to build a mining rig in order to make the maximum profit. All you need to do is build a mining rig which can give you about 2000 plus mega hash per second. Building such a mining rig might cost you more than $2000. Bitcoin mining is always profitable if you the right tools to mine the coin. Using the wrong tools will just waste your time and income.

Of course, the complexity of mining does not stand still and the more people mine crypto coins the more difficult it is to do, but here everything is like in a normal mine: the first who came, collected gold nuggets literally from the surface, others had to dig, and the third turn into real miners, buying expensive equipment to delve into tunnels hundreds of meters under the ground. With a yield, everything is simple — it is the place, because there the subject of buying the cryptocurrency. bank of Japan. If the Japanese decide that it is safer to continue lending to the US-all the hype with cryptocurrencies will end. Instantly.

For me it's fine until the price is not already rising up to mine a lower price of bitcoin and get hold your bitcoin's that you already mined to earn a huge profit.

I think it's still logical at 6k levels. because many mining workers dropped it because of the price drop. Therefore, the share per capita is increasing. The same money is being made at 10k.

For now with a bad market situation, I think if you continue to mining bitcoin, you will definitely get a little profit. can even get losses. And for now I choose to stop mining.
I think bitcoin is the most profitable coin to be mining.

in my opinion it's useless because we can't find this unpleasant price. What's more we want to make another money and wait for next year the price of bitcoin and the market goes up and my hope is

The price of bitcoin is still quite high compared to the price in bitcoin two years ago, so there is no reason for us to be afraid of mining bitcoin. Bitcoin is still trusted, and bitcoin still controls the crypto market, for that to me it is still worthy of us to mine bitcoin at this time.

mining in 2018 is possible only if you believe in the revival of the market in 2019 and profit for 2018 a year later.

I think the Mining section will help you a lot regarding this matter. Though I don't know much about it, but I have seen some miners claimed Bitcoin needs to hit 10K USD to give the miners profit. So, You need to research a lot about it before making any decision. Good Luck.

mining companies should get used to work with low profit like traditional businesses do and forget about huge profits.

It's still worth mining now even though electricity costs are expensive, and bitcoin still has good value. If you have capital, the opportunity for mining is still a lot and time is still there.

Bitcoin is still worth mining for this year because it is still the most trusted crypto currency in the crypto market that even in this bearish market performance still it is the number 1 crypto currency. Its just the earnings is not so big than before in which Bitcoin price is really booming during 2017 period but still the profit is considered good specially if the price will bounce back before this year will end.

Every amount of bitcoin you earn is very worthy as far as cryptocurrency is concerned. The crypto market might be really bearish now but that does not mean mining for some bitcoin is not worthy. What if bitcoin is to shoot up instantly? Remember in crypto, everything is capable of happening. If mining bitcoin could fetch some amount of bitcoin, it is better you mine for more bitcoin and hold whiles bitcoin shoots up and I am sure you will end up securing lot of $ when market revives at an appreciable state.

Considering the high electricity bill and other payment you needed to pay and the current Bitcoin price surely you will only gain few but you mine it not because you will sell it today but to future where Bitcoin can be more valuable than this. So your profit will be seen in the future.

Why do not we dig up bitcoin? If bitcoin is no longer valuable, stop digging again. But bitcoin is more valuable then why do not we? Only if you are qualified to set up a bitcoin digging system, it will give you a lot of value.

It is still profitable, it all depends from your budget, if you want to buy video cards at least on ten thousand dollars, you can still earn money on mining, and if we are talking about hundreds of thousands of dollars, then you can not think and start mining. It is not necessary to mine bitcoins, there are other alts that bring even greater income.

You must learn about mining, and calculate how much electricity you will spend each month.
of course in every country it will be different, and there are always techniques to outsmart to always be able to make a profit. if it's not possible bitcoin mining is gone.

if the price of electricity in your home is below 0.05 USD per KWH, then it is very profitable, because now the price of BTC is bad, even the price of ETH is very bad. My friend felt frustrated when he was confused about which coin to choose, because this year the price of all cryptocurrency assets declined, while maintenance and operational costs continued to increase.
my conclusion is, mining is now not worth it, I prefer to do business online store if there is no change in cryptocurrency prices

Bitcoin mining and other cryptocurrencies are still worth mining. People are making huge amount of money mining cryptocurrency though it's no longer as profitable as it used to be if we take last year into consideration.

No one will give you an unequivocal answer to your question. It all depends on how much you believe in the future of Bitcoin and other cryptocurrency. If you believe that cryptocurrency will go up in price over a period of 5-10 years, and you are ready to expect profits from mining in the future, then of course you can mine both Bitcoin and other cryptocurrency. If you do not believe that cryptocurrency is the future, and consider mining as speculative earnings, then you need to calculate all costs from electricity to unexpected expenses, and then make a decision.

Seriously, I think that there’s no way to mine BTC in 2018/2019. The Chinese community controls the major part of mining power, so ordinary users can hardly compete with their hubs. Even ASICs aren’t ideal for this goal because you can’t produce enough power to get rewards. I’d suggest mining ETH or other altcoins which aren’t as popular as BTC. Alternatively, you can think about trading – this approach may be highly profitable if you have enough knowledge and some luck. Just compare potential incomes using crypto calculators (https://cex.io/bitcoin-calculator). Surely, both ways are volatile and nobody can guarantee that you will earn a lot. But I think that mining altcoins or trading is better than mining BTC now.

MIning is not advisable these days because of the continuous dropping of market values this means that what you can only gather is enough amount to pay for electricity and the maintenance of your computers so for me better find another option of gaining than mining,maybe investing in ico but with extra care,or holding coins for long term strategy

in my opinion, at the moment it's not profitable to do bitcoin mining, moreover the price of ASIC's mining equipment is expensive and electricity consumption is also high, if the profit is not much calculated, I don't have a coin recommendation to mine because currently mining profits are not as much as last year and I myself have stopped mining bitcoin

in my opinion, mining is always profitable if we are mining with a large amount of capital, such as buying mining tools that are super fast, have a large place, and electrical power. if you have it all, in my opinion until now bitcoin mining will continue to be profitable until this year.

I think this is a purely personal decision of each person. In this situation, it is not possible for very few to extract, since the cost of equipment and the production itself are more complex and voluminous processes. Due to competition, this type of mining was not possible for all people.

as long as it's still profitable i think it's still appropriate to run. i myself have never mined, so i don't know about mining bitcoin. but every business certainly has ups and downs, like trading too

Bitcoin’s mines, as far as I know, are accessible to a narrow circle of miners, as it requires a lot of energy costs for electricity.

I think the fact that mining costs are high and the bitcoin price doesn't mean that it's getting less difficult. Because as the cost increases, the number of people undergoing mining is decreasing and increasing per capita.

still work because bitcoin price will be rise soon

In my opinion it is becoming increasingly difficult to keep in the mining business given that the prices the coins are selling for are not adding much more value over what the production costs are.

Factors that can affect the growth rate of Bitcoin
Bitcoin is initially positioned as a coin, which does not depend on the authorities and any government. However, any rumors about the possible tight regulation of cryptocurrency are immediately reflected on the market behavior, and on the Bitcoin course in 2018.

For its part, the Bitcoin community is constantly looking for new solutions in order to improve the ecosystem. There are many factors that may affect the forecast of the Bitcoin rate for 2018, but it is worth mentioning among the main ones:

regulation;
disagreements within the Bitcoin community;
demand growth;
speculation.

Just what I'm thinking of. If the price of bitcoin's plummet and price of electricity is going down all in all the profit is close to nothing. Plus the fact that algorithm nowadays gets hard because it closes the max cap.

Well if we are looking for the fact that it is bitcoin and it will be worth it in the long run. Maybe we can try.

Just keep in mind that bitcoin mining is quite expensive in terms of electricity. Not everywhere it can be done. But if you have suitable conditions for mining - you can do this kind of earnings on bitcoin.

It is really expensive this time since the price of the ASICs or mining hardwares are so expensive. Some say that mining is still worth it other say that it is not but I do also believe that this depends on the terms of electricity since there are differences on the electric prices the reason why some miners use solar panels to support their mining rigs.

Bitcoin mining in 2018 is still very feasible to do, because bitcoin is a very valuable asset which is increasingly visible in its strength through the level of public trust in bitcoin and also the increasing number of bitcoin users from time to time. I see that in the next few years the price of bitcoin will be much higher than the previous highest price and even the future of bitcoin is getting brighter where I see that bitcoin will become a national currency someday.

When I looked at the various types of earnings with the help of cryptocurrency, I immediately brushed off in the direction of the prey. I think that is quite expensive, and the Finance and consumption of electricity and time. Much easier, in my opinion, just buy bitcoin on the exchange and store it.

bitcoin mining is not that much profitable now a days. its price and it is hard to mining bitcoin.  but still you can mining may be it would not give you more profit waht people earned before.

If you are interested in mining - then do it. While the price of bitcoin is growing, it is still profitable. But keep in mind that it is not as easy as it may seem. Mining is a very expensive enterprise, and if you are going to organize it in an apartment, you may experience problems with electricity consumption. Be prepared for that.

It is so difficult to answer this question because of the price situation most part of the year which has been bearish.If the market is not improving then there is not point buying equipment and sourcing for energy to to start mining. It will be counter productive doing that. Unless of course you are the producer of the equipment and will also provide the energy to be used. The market situation is not encouraging any one to do that. There is always the bull rally towards the last quarter of the year if that will happen this year and the market improves then mining may be tried again.

Hi,
My opinion on this question is yes. It depends on how you work. If you work hard you will get better result. The value of the bitcoin will fluctuates. Today value is high next day it can be raise.

If you are an ordinary miner that have a few rigs, I think it is not worth to mine it. Only big companies are the one who will get a profit in mining Bitcoin because they have complete facilities and they choose a good environment for mining.

Usually when people leave some kind of activity that makes a profit people who remain in force always win but bitcoin is very difficult to get and I would advise you to switch to another coin if you do not have huge computing power.

i  think  not  everybody  can  do  mining i  mean   you  need   to   have   lots  of  capital  and  it  is  not  as  easy as  the  others  and  bitcoin  i  think  os  one  of the  best ones.

yes it is worth mining btc because it has good future and the price also increasing, it will help for our future life if we do mining now.

Analysts have selected bitcoin rivals including Litecoin, Monero, Neo, Cardano, Ripple, Iota and Bitcoin Cash. In mid-November, Bitcoin Cash overtook Ethereum as the second largest currency on the market. market. Since then, it has fallen to No. 3. At present, the amount of copper in the system is 16.8 million, of the total 21 million.

people's preferences are different, some are still mining and some are buying. but I prefer to buy because if I mine it costs a lot of money and the electricity is too high and its use is very difficult.

I think it's a bit late to mine especially with a system that is not normal, so it can interfere with transactions. In other words, mining will not be profitable on a small scale unless you have access to electricity for free or really cheap.

If you have can get cheap mining equipment and cheap electricity then yes if not then mine some other coin

mining bitcoin nowadays cannot be used as profit, because bitcoin mining competition is very large, although it produces but mining bitcoin cannot give profit like last year. many miners divert to other coins to be mined.

The prices for powerful mining hardware are high.

Remember that you only make a profit after the ROI. And that can take a long time.

Depending on how warm it is in your country, you only have problems. Mining hardware is loud and you need extra ventilation.

Mining: Loud, high electricity bill, hardware defects, constant checks.
Buy Bitcoin: Put on hardware wallet and wait, you can take care of other things in life.

For some it is also a hobby, that is something else again =).

The first question you must answer is that “in your country are the price of electricity is reasonable for miners?”if not then forget about mining and just concentrate in trading or holding,thats the safest way to make you money profitable since riskis always in here

You should check the Mining thread a lot of posts like this with real answers are there.

BTC mining at this level is going to be very capital consuming. You will need a huge heavy capital to run it to a level that it will be profitable for you. I believe its advisable to look into other top coins to mine with low capital and reasonable profit

I think GPU mining is better than ASIC these days because of the difficulty of mining Bitcoin. Personally, I prefer NiceHash. I use NiceHash on all my rigs and get paid in BTC. Whatever coin they mine, its upto them. Cheers...

With prices ranging from $ 6,000 to $ 7,000, I think bitcoin miners this year can still make a profit. But I think 2018 is a difficult year for bitcoin operators. Due to low price fluctuations and the payment of electricity bills, they make very little profit. But factories continue to build and grow and wait for more volatility in 2019.

it's still worth it to mine BTC. Why? Because that is the main source of BTC. You can mine BTC while investing them to long term trading systems. Don' t invest it on HYIP or Ponzi Websites. You can also earn some BTC in Gambling sites as well. But the best thing is to mine BTC on your own.

Not at all because right now we will experience losses if we start now. between income and also BEP is very long. and risk if our engine will be damaged etc. calculate before you do this year

It is still worth mining bitcoin in 2018, because it will never be too late if you can afford to buy an expensive mining rig and you are ready to pay an expensive electricity bill. If you are ready to invest, it will have a good payback later on but first you must invest. You dont have to worry about the market price because later on if you believe, it will rise.

Not at all because right now we will experience losses if we start now. between income and also BEP is very long. and risk if our engine will be damaged etc. calculate before you do this year

I don't know yet whether this year bitcoin is still worth mining or not. But in the mining process, you have to consider that the bitcoin that has been mined is 17,048,151 BTC from 21M BTC. This means you can expect to see some serious price increases because the number of BTC available for mining is reduced in the next few years.

Bitcoin mining for now is quite good and efficient because the price are not so bad or low and bitcoin mining is hard because it is like investment you need to expend lot of money to start mining and it is worth it to the future because you didn't have to do trading.

There is no other way to mining BTC other than mining with ASIC nowadays because the mining difficulty is very hard.
If you not mining with ASIC, you won't get any profit. But what the thing i dont like mining with ASIC is, you must update your ASIC from time to time.
If there is a newer ASIC than yours, your profit will be reduced.

So, the hard work we do will not betray our results on bitcoin. as long as we are still trying, the opportunity to get better is still there.

this depends on where you are mining, because mining is the most important thing is the high electricity needs so you have to find cheap electricity, when in your country you still have cheap electricity prices then trading is still very valuable.

My opinion is that in order to productively engage in Bitcoin mining at the present time, we need computing power exceeding asic`s in dozens, and possibly hundreds of times. If you want to do mining at home, then the right choice would be mining alcoins.

The longer, BTC becomes harder to mine, so if you want to mine BTC it doesn't matter, but the profit are small, and take a lot of your time. You may also need very large capital, and compete with BTC mining companies. try to mining altcoin. like  XMR / XMV, this coin is resistant to ASIC, so it can maximize the profit of the miners CPU and GPU.

Answer is No.
Unless you meet the following criteria  

1.  Can get Venture Capitalist to donate millions of dollars to you for a % of the bitcoin mined

Odds are you won't really make any money off of bitcoin mining, but will earn more keeping a % of the VC money as an administrator fee.

It is why you see companies offer cloud mining , they make more money off of the suckers that pay them to mine bitcoin,
than off of mining bitcoins.  :P

PoW mining is for chumps and VCs that can throw away millions and not miss it.

maybe but depending on the GPU that is used, if only we were mining in 2009 would at least get 50 bitcoins per day even though with ordinary miner tools

for the long term I think bitcoin mining will not be as profitable as before, because difficulty will increase. at this time if the electricity
and maintenance costs are expensive, maybe the benefits you will get are quite small, especially if bitcoin rate is low

the price really dropped. it is not profitable to mine when the market goes down because of the value of coins decreases which affects the selling value. mining requires big capital. preferably, you use your capital to trade or invest.

If it's not BTC, there are still some pennies that can get you mining, but its profit is low and may not be profitable, but if you want to try you have to find and try them, or if you have a Rigs, can you try to use your rig to try to mining profit.

Hi guys, could a random mining system work? I mean if the miner of the next block is choosen randomly intead of PoW what are the possibile drawback?

miner of the next block is choosen randomly intead of PoW what are the possibile drawback?

There is no way to allocate 'tickets' into the system without someone trying to create millions so that they can win. There is no easy way to identify 1 person 1 ticket to make the system fair. People will just create software to make it look like millions of people are entering for their chance at the random win but actually it will all be the same person.
This is why mining works, because you can't fake work.

Well, the current mining system is kinda random... It's just that with higher hashpower you have a higher probability of winning the race. But actually finding the answer to the "puzzle" is kinda random process (guessing game). From how I understand your idea, you'd have the same: the more mining power you have, the more chance to get the random reward, so what would be the difference exactly?

The difficulty to mine up Bitcoin will also increase as the number of Bitcoins is still low and there are too many people involved in mining money at the same time. Many investors believe that, compared with trading on the floor, the investment in Bitcoin mining machine will be more profitable. However, today's mining is no longer as convenient as it was before with many difficulties and costs

Yeah, however the problem for that is if no one will continue to mine BTC, does BTC still continue to rise? Will it fall or be stable? Someone needs to continue mining BTC not because of their earnings but because of the production of BTC. But you are still correct, Mining altcoins is much better than BTC "alone".

What is Bitcoin Mining and is it Still Profitable in 2018?

 Today, in order to be profitable with Bitcoin mining you need to invest heavily in equipment, cooling and storage. It’s not possible to mine profitably with a PC or a <abbr rel="tooltip" title="Graphical Processing Unit. Basically it's a chip put into a computer that needs to display resource intensive graphics (e.g. hardcore gaming). In the past people used the calculation ability of this chip to also mine Bitcoin.">GPU</abbr> at home. You can calculate your profitability using a Bitcoin mining calculator.

Still it is profitable I think if the miners stopped working then the bitcoin networl will get clogged becaise of unconfirmed transactions but it isn't right so miners are making some profits from mining bitcoin.

And one more do we have a coin named Electrum? In my knowledge which is wallet name. ???

There still people who mine bitcoin but for a newbie, you have to give time to search what is better for mining. Though the price is expensive for hardware, I think it is still profitable. You have to find what is good for mining because sometimes it just waste of your time and electricity.

Would it be not better to Mine Altcoins and trade it to Bitcoin? Dont think mining Bitcoin itself is that good or brings that much money, compared to the investment ifor Equipment