Bitcoin Forum

Greetings everyone,

I am new to crypto currency and have been reading and learning about Bitcoin mining. I am curious if it is still profitable?

That depends on a number of factors, including how much you're willing to invest, and what your electricity cost is.

It is no longer profitable to mine bitcoin itself with GPU/CPU's, you can however still mine altcoins with your GPU. See https://www.nicehash.com/profitability-calculator/

You'll need an ASIC to mine bitcoin. Like this one, https://shop.bitmain.com/antminer_s9_asic_bitcoin_miner.htm

You're probably better off mining altcoins with a GPU rig (these are more versatile, as with GPUs you can mine multiple algorithms, whereas Antminers' focus is Bitcoin and these device only support the SHA-256 algorithm). An added bonus with a GPU mining rig is that you can resell graphic cards, whereas Antimners will eventually become expensive paperweights (check out the prices of older devices & their hashing power - pointless to run them currently). AdolfinWolf mentioned NiceHash, this is a good starting point for any beginner, since it allows you to sell your hashing power to mine altcoins (while automatically switching to the most profitable algorithm) and automatically pays you in Bitcoin.

To the first time, casual miner? Only cloud mining but there are risks in those ventures (minimum payout thresholds) and the earnings will never make you wealthy.

To make real money at minig you need to deploy a large operation. In business they calm it economies of svale, meaning the larger the scale of your operations the better opportunity for profit. You’ll need 50, 100, 1,000 machines to make any serious, quick profit.

The best way to profit from Bitcoin is to buy some and hold on for dear life.

Hello I think that for one person it's not profitable mining  bitcoin but maybe certains altcoins can be profitable

For me, only those with high-powered and specialized large scale machinery are able to profitably extract bitcoins nowadays through mining. 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. Imagine you have larger scale competitors to extract crypto in the mining business, you'll be left out.

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

it depends whats your cost of hardware and most important what is the cost of electricity where u live

The first thing people need to do is check a few statistics. This includes the mining hardware’s hashrate execution, the Bitcoin network’s current difficulty, and the electrical costs associated with a mining device.

These steps are needed to assess the performance of a custom built or purchased a mining computer. Building custom mining rigs are slowly becoming a dying art as pre-assembled mining computers with Application-Specific Integrated Circuitry (ASIC) have become a dominant force within the industry.

Hard to say. If you can not invest (cost/manage/time) enough too much. I think It is very risky.

Пpивeт!! я тoжe нoвичeк! кaкиe биpжи пocoвeтyeтe и кaшeльки? мoжeт и пo вaлютe пoдcкaжитe?))

You should write your messages in Russian in Russian Local part of forum

Yes, it's clean. But here they earn a lot, only professionals, you do not need to think that newcomers earn a lot. Therefore, first of all it is necessary to understand everything and only after that to start investing money, it is very easy to lose.

Mining is a highly difficult process, I suggest you learn about trading first, use Paxful.com to start your crypto-travelling

Of course it it and it will be next year for sure.

Welcome, I am new also to this forum. I think there is still good things to come from bitcoin and others but first lots of reading!

Well, in the world we live in right now, you can learn almost about everything online. From cooking, to DIY’s or home hacks and now even learn about Bitcoin and Cryptocurrency.

Just open a browser and Type in: Bitcoin or Cryptocurrency and a hundred or even more search results about it will appear and you get to learn from it.

However, there are some that actually will guide you through out. Like they provide courses for you to take and share strategies with proof.

does the value of crypto currency follow the value of other currencies?

If you have enough money, you can dig into bitcoin.

Пpивeт, кoнeчнo cтoит кopeшь пpиoбpёл и нe жaлeeт, бoльшo

hello, im newbie to in cryptocurrency,
i think mining bitcoin is not good choice, because the dificulty now is higher..
maybe altcoin is good choice if you want to mining.

CMIIW

Of course it is still profitable but that depends how you invest or trade them. Choose the right coin or token and trade or invest in the right time.

Would advise to check the top 10 coin or token for a start which is stable and profit if you willing to hodl.

what if i have openend an account and took a break from it;will it get cancelled.

Profitability  of bitcoin depends on how you want to use it.  Do you want to use it as a store of value for investment or for money transfer  purpose? Bitcoin is profitable  for achieving  these aim.

Bitcoin is always beneficial.
As an investment, and as storage. Yes, whatever. To date, this is the No. 1 crypto currency.

I think, it is not proper time for you to start Bitcoin mining.Mining is more risky than all other option.

Bitcoin mining is a business now and we should leave it for them who treat it in that way. The casual days of mining on CPU or GPU are gone. However, if you can set up a mining farm basic setup with the required hardware and if you have skills to maintain it then you can definitely go with that way. I believe that mining is not a quick money business and you mine the coins and get returns in the future when the price of those mined coins gain some value that is worth more than your investment in mining.

Этo выгoднo в бoльшиx кoличecтвax a для этoгo нyжнo мнoгo вpeмeни и дeнeг

its depend, build Rig and mining altcoin its better and still profitable
mining bitcoin need extra budget and bitcoin difficulty is crazy

Bitcoin mining is not much profitable if you are mining where the cost of electricity is high there are a lot of factors like difficulty which may affect your mining output. I tried it at home and finally decided to shut it down and started mining through cloud mining. But its risky.

It's very profitable alt coin mining Rather than going to bitcoin mining. Because bitcoin mining cause high cost and need better technical knowledge.

hello friend. I can't understand your language. Can you please explain it in english ?

With so many new people coming in, of course it's profitable.

It's all leek.

Hi and welcome to the forum,
 
In many ways it can be profitable, look at the swings and the amount of new projects that are starting each day. The amount of growth is enormous. B aware though to choose the right projects.

Regards,

No. Mining is total crap.
Just buy BTC and wait 5 years.

Bitcoin mining is profitable but not just easy , to do mining you need a lot of money to buy a buy a highest PC rig, mining is cost of high electricity. For me it's better to trading or join in campaign than to mining.

wow, a lot of factors. Which coins are profitable to mine?

I am also a beginner. try to read as much as possible. the difficulty that I don't speak English...

I think, buy some tokens on ICO and hodl it on a long term bring more profit than mining. But if you have free electricity of course i'm trying to mine some altcoins.

Bitcoin mining is actually not the best thing you can do right now. Mining altcoins is better than bitcoin if you have just free electricity or powerful rigs, Why not. Begginers like you should start learn Trading, ICOs, Aidrop, bountys etc. Mining is best for electric low fee country.

Yes this is profitable if your HashRate is good

Though I am new as like you but think it will very profitable for you. Some of my friends are gainer by investing here properly.

BTC mining is cost alot of money, you need gaming computer with high CPU and GPU and cost pf high electric bill. I suggest learn more how to trade and how to join the campaign.

Bitcoin is always beneficial.
As an investment, and as storage. Yes, whatever. To date, this is the No. 1 crypto currency.

Don't waste much time trying  to mine bitcoin. The cost involve with hardware  and electricity  alone can take away all your profit. Mining  altcoins, if you have the resources is much profitable  than bitcoin.

Hello I think that for one person it's not profitable mining  bitcoin but maybe certains altcoins can be profitable

Well, it's hard to say. If you are capable and willing to invest your time/money for bitcoin mining and manage the running costs, then it might be worth it for you. I personally feel that bitcoin mining is just not easy. I would go for trading and invest in cloud mining rather than mining by myself. It's a risky process.

Nah, I think you should ignore mining, better do some bounties.
Can start off with the one that started today MAVRO, the tokens might be pretty expensive in the future.
https://bitcointalk.org/index.php?topic=2852172.40

It is beneficial if you look with your mind. On the lower levels - to buy, at the top - to sell.

Same here, I'm also a beginner. I think it's still profitable (long-term) but if you have enough money right now for your daily living, I suggest don't invest all of your money/savings.  :)

Hi, tell me please, is it possible to run multiple accounts from the same ip?

 :) hi

I also read up on mining but to me (my opinion only)it makes more sense to use all the money for hardware and electricity and just buy coins. Haha maybe I am not patient enough. ;)

bitcoin is profitable of all time.but you need a good amount of money investment for it.bitcoin miner is too much costly.but instead of bitcoin mining joining ICO is good idea.but you need to choose a good ICO for it.

Yes, I always put myself into reading as long as I have a free time to inable my willingness to do the things I want to do in this crypto world.

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You can exchange MTC to get doge-LTC-bitcoin
F1exchange is a place for you to trade.
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When the token come to wallet,what do i do to trade? help me, im new

It depends on your investment if you want to mine bitcoin. The higher your investment, the higher profit you will get.
And i think it will be more profitable very soon because the value of bitcoin is recovering from 7000$ to 10000$. Expect the best soon.

what do you mean by that my friend ? I think the best way to take profits is investing on alt coins. Rather than going after bitcoin. Because at the moment bitcoin has come so far.. But there are lot of new alt coin projects with good concepts.. They will have good future with 10x or more than that ICO increments.

According to my knowledge if your are thinking about mining bitcoins with your own computer it is not profitable now. Instead you can use cloud mining services which offers bitcoin mining facility. Or if you are still thinking about assembling a system for mining crypto then it is better to think about mining alto coins. But do your own researches before doing anything.

Bitcointalk is a great way to learn about how bitcoin works and gain knowledge about other crypto-currencies as well. It's also a great place to find out about interesting new coins before they reach the mainstream because many ICO's and alts are posted here relatively early on in their development. Welcome, and greetings from me also even though I used to visit this site regularly back in the day!

of course beneficial if not, where perhaps many are interested, many successful youths from bitcoin ...

I am also a beginner as like you. I am reading and trying to understand the bitcoin. Though i have not invested yet but will invest soon obviously.

Yes it is still profitable.But before we catch up on how we can income on this online activities  just try to read the link as your reference.

https://bitcointalk.org/index.php?topic=1689727.0

Before I'm started to post I've try to read that one first so that I have a reference for my posting activities.All information and rules and regulation was full package of that link.I hope you will read that one because as a beginner like us we should be careful before we take a post.

Need a lot of money for investment and somehow I am not sure that they are still profitable. Better to do trading in my opinion.

Great to have know this, this for great thought you have share to us. It truly help.

Me too. When I joined the community recently I found it already impossible to mine any bitcoin with a normal computer.

Great strategy. You have tje knowledge.

Hai agan.... Sya msi bru ni... Bagaimna ya cara2 ataupn langkh2 untuk mengikuti baunty.... Mhon bntuan agan.... Mksi...

yes it is more profittable as well as more vulnerable to proxy hackings too beware

Mines are more profitable than trading as mines constantly forms btcs irrespective of what its market price is

Hello, first of all, welcome on board, I would recommend you to read as much as you can before investing anywhere. Invest your maximum time and try to understand the things and the process of everything. You can start with beginners and help section where you will find the answer to most of your queries.

Now coming back to your topic, Bitcoin mining is a serious business now and we should leave it for them who treat it in that way. If you are interested in conducting mining business in a serious manner then do a complete research regarding the same and then proceed. Stay away from concepts like cloud mining because it either ends up as a scam or loss-making entities.

Hello and welcome to the crypto world. Do your research thoroughly before getting into it. You might also want to look into ethereum and erc20 tokens. Good luck!

Simple explanation with deep knowledge to picked up. Great shoot.

You may try but if btc mining cant be done you can try and mine altcoins too they are simpler to mine

You might do that but for that you have to be financially strong and should have abundant electric supply lines

Thanks. Maybe next year, i will try this method of earning btc, THE MINING. Hope this greatest dreamt of mine will be possible. Have a great day ahead!

I think yes because bitcoin are crypto currency continueng to answer to the other forum and many member are waiting to high change of token and im the who reading and learning to this oppurtunity

I think mining is unsuitable for these days. Because its cost is high than profits. I think long trading is good for new one.

The first thing people need to do is check a few statistics. This includes the mining hardware’s hashrate execution, the Bitcoin network’s current difficulty, and the electrical costs associated with a mining device.  These steps are needed to assess the performance of a custom built or purchased a mining computer. Building custom mining rigs are slowly becoming a dying art as pre-assembled mining computers with Application-Specific Integrated Circuitry (ASIC) have become a dominant force within the industry.

I think BTC mining is complicate for new one. You have to learn many things because you are a new one. Why aren't you try trading. I think trading is good for new one. You can buy coins or tokens. Then you can sell them at higher price.

Welcome. According to me you should try to trade not mine because it has many headaches

Yes, I think the trader really needs a lot of experience and knowledgeable about the crypto market. It depends on the preferences and decisions of each person. I do not want to trader. Because I have no experience with it.

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Bitcoin mining is actually not the best thing you can do right now. Mining altcoins is better than bitcoin if you have just free electricity or powerful rigs, Why not. Begginers like you should start learn Trading, ICOs, Aidrop, bountys etc. Mining is best for electric low fee country.

You can start participating in free Airdrops. New companies, but also ones already listed on coinmarketcap give away free coins and tokens to follow them on social media.

If you like to know how to get started? Here is a nice article about it:

https://medium.com/@RobertSteenhoff/why-i-participate-in-crypto-airdrops-5273bd25c0d7

Whether or not it's profitable depends on how much you're willing to spend. Factors like Mining hardware or electricity costs vary. If you want more information on how to calculate these types of costs, you can check out this link:

Bit.ly/2FawqVS

Good luck!

Yes its very profitable if you have the right knowledge for it