Bitcoin Forum

What kind of risk?

The skyrocketing fortune is the biggest risk of mining investment, the increase of the calculation of power leads to the increase of mining difficulty, which leads to the decrease of the profit. However, due to the unavoidable competition in the free market, the risk of increase of the calculation power is acceptable

For the ease of mining and for the people to get involved in bitcoin mining all are getting on cloud mining which is easy because a company will be actually mining and they will be having good horse power machines for mining and you just have to invest something for that cloud mining company and they will pay in back in bitcoins when they get profits from mining. First you need to make sure that the mining company is trust worthy as there are lots of risk involved due to more scams in cloud mining.

I think only risk is power consumption. But most of the investors are like to this platform because everyone know the mining power supply so you should invest more mining rig  it make big profitable platform the future all the countries are implementing the additional power supply to mining platform and one more risk is cryptocurrency value fall in the market automatically your profit also reduced.

everything in the crypto world has a risk. I think the risk of mining is smaller when compared to trading, I see the risk of mining is if the mining tool is damaged, then you will lose your mining land. and also the risk of internet networks, so if your internet network is bad, then the system will make you get no results, or just a little.

System risk is very common in bitcoin, and the most common is bifurcation. Bifurcation will lead to the drop in the price of coins and the sharp drop in mining revenue. However, judging from the current situation, bifurcation instead allows the miners to earn. The diverging coins also need the calculating power of miners to complete the process of coin and transaction. In order to win more miners, the coins will provide more areas Block incentives and fees to attract miners. Rather, the success of the miners.

The risk cryptocurrency miners taking is any time the price goes down their profit will also decrease that makes it challenging for them because they pay a lot in electricity and maintenance of their mining hardware, the price of cryptocurrency are highly volatile so the profit they are getting is not consistent. and there is also risk because of competition with miners on who will mine the next block and take the block rewards. for those big mining pool with huge shares in hashing power have no problem with this.

When the currency price falls to a certain extent, the output of the mining output is less than the electricity generated, there will be a loss. However, according to estimates, electricity 5 gross, the price of 6000 below the possible loss, the current price of nearly 40,000, unless there is a special reason for the short term price down to 6000 may be negligible. Such as regulation.

The risk of absenteeism will continue to rise, at the same cost, but the digging of coins will be harder to get over time, and miners will need to be repaired on occasion, costing more.

In my opinion, the biggest risk is the high cost of mining, because he needs to consume electricity resources, some countries combat illegal mining, which will adversely affect mining and the damage of mining tools, which will make you lose hugely.

 skyrocketing fortune is the biggest risk of mining investment.

I exactly don't know about the risk of mining bitcoin but i don't think mining is worth. Because in mining the resources cost is more than what you will earn through mining.

Mining is almost not risky business at all. The bigger "risk" here is just to spend much for the quipment and wait long for the first profits.

One could argue that if the difficulty gets too high or you get unexpected downtimes due to rig problems you will not be profitable in the end.

That is a possibility but the unexpected down times do not really stay for long or at least there is a recovery always. We had such circumstances in the past but things improve with time. Let’s just not think about the far future. Mining is profitable business for at least coming few years. Crypt currencies are hot topic nowadays but it would take some time before the whole world gets to know about them.

many types of risks in mining, the first of which is the device used to mine, has the risk of damage because the tool is in use in a long time without stopping.
and the second one, is a resource, where electricity is the main obstacle, not a few miners who suffer a lot of losses, due to the results they get, less than the electricity they have to pay

Mining may face policy problems, which is the first point.
Second, if the price of bitcoin has a relatively large decline, mining needs to be bought robot, and the cost of mining may be too high, resulting in a loss of money.

I think most risk that occurs is the device problems, whether your mining tools has broke down before you even reach equilibrium yet or no. I dont think that electricity is a problem because its a fixed cost, just like if we had a business we need manpower to help us so i think electricity only cost a few and it also the primary main power for mining. However before you started any mining you should started calculating about timeframe, when will you reach the profits, if cryptocurrencies spike and last longer then a month then most likely you will get profit soon and not to mention the longer the dump, the longer you will get back your capital  ;D ;D

the risk of mining is not so great because mining is the one who produces bitcoin so they will not have the risk of getting stuck in high prices.

If you magically have a lot of mining hardware then it is a great way to make some coins,if you do not know understand the catch here,i could explain,the reason why everyone is not mining is simply because of the high investment charges for the mining hardware .You can mine for fun if you are not serious about it,but you can try alt coin mining .

The risk in cryptocurrency is everywhere and this includes mining and investing in which the risk in mining is lower than investing. The risk i have understood in mining is the risk in power and in the hardware which is working 24/7 and requires a high speed internet and hardware.

If you make the right moves then you shouldn't fear about risks because there shouldn't be any

Mining is definitely safer as compared to buying bitcoins since you always get a constant trickle of bitcoins as you go along. But the thing is, hardware failures are sometimes a pain in the ass specially if you have a multi-GPU set up and it consumes most of your electricity bill.

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.

Unless you command a tremendous hashrate, your odds of solving a block by yourself (i.e. “solo-mining”) are extremely low.

By banding together with other miners in a so-called pool, your combined odds of solving a block rise proportional to the pool’s total hashrate.

Whenever they solve blocks, pools reward individual miners according to their contributed hashrate (minus commissions and the like).

Think of buying a mining rig as buying a business.

Now think of buying coins directly as investing in a business (stock market).

If you have a business it really doesn't matter if your sales fall a little, if you are still generating a profit then you are making money.

If you invest in the stock market and the price of your stocks fall then you have lost money, no if's buts or maybe's.

The only way to make money through investing is if coins go up, if you invest in hardware then you can mine until you feel you have enough profit and then sell the harware. By buying hardware you are not gambling on price volotility of coins, you have invested in a physical ASSET that will retain value no matter what crypto does.

You can certainly grow your investment heavily through direct investment but you can just as easily lose a LOT. Invest 50k into coins, the price drops 10% (which is does a lot!) and you just threw away 5k.

Investing directly gives you no safety net - prices go down and you lose. It works EXACTLY the same as stock market investing, most wealthy investors buy businesses as their main income and have the stock market as a smaller piece of their portfolio (for good reason).

THE HIGH COST MINING IS THE BIGGEST RISK

Hey i am Bkjones ! To mine high cost value is the biggest risk

the risk is bad for the environment, because bitcoin mining consumes too much electricity with fossil power
As a result, the electricity supply will decrease faster, while our natural resources will decrease, such as natural gas, petroleum, and coal, if the natural resources continue to dig will cause damage to nature

I would definitely say that mining is risky. First of all demand is high so the difficulty to mine is becoming more difficult. Also you need to consider the cost of electricity in your area which has a big effect on your mining profit. And lastly the price flactuation of bitcoin would definitely affect your profit i would say. As to conclude you need to understand and study every angle of mining for you to decrease its risks.

Yes actually you were right to the point my friend, but as for me, it depends on the situation, because sometimes when we say buying hardware in order to begin mining, there are still a lot of stuffs to do, as for example some countries have really high cost of electricity, which is also why some of them just surrendered there mining rigs and just go to trading or investing, aside from that if you don't have enough resources to begin with mining or hardware it could also be hard for you when you're still beginning, while on the other hand investing into stock market that could also lead you to lose instantly can be used as an initial move to start positioning yourself and build your own business when the time comes, but this doesn't mean that investing into stock market and crypto has the upper hand compared to building rigs or businesses.

I don't really know about mining, maybe you should ask in the board of mining in this forum section. try it, you can search a lot of various knowledge in this forum.

I do not know if there are risks, but overall I think it is no longer worth the money and effort involved in digging. This is my personal opinion.  :)

Simply put if you are a lone individual just thinking about getting into Bitcoin mining now then DON'T bother, your initial outlay investment and power usage will far out outweigh your potential mining fees. You are better off to try Proof Of Stake or mining some new altcoins instead.

mining is not a risky platform but electricity is the major problem of mining rig. In current market mining is the best profitable platform so you should invest in good graphic cards you are getting profit else many complex are possible in future. Because many rush are occur in the market. So most of miners are exchange the graphic cards in every two years.

I don't know about the risks in mining but i know that its not that worth it in my country. because the cost of mining is more than what i will earn from mining.

You have to buy the mining equipment, you must have the knowledge how to use it and then there is the electricity to pay as well.
Keep in mind that the mining equipment gets old very fast, malfunctions happen as well.
And then you still depend on the price you get for your coins on the market, which is highly volatile.
All those factors represent the risk you take when you start mining.

As long you already calculated your power consumption the risk in mining is almost negligible. The only risk could be possible you have almost no profit is the first few months because of huge investment. But after the ROI everything is a profit.

  MINING IS THE HIGHEST RISK

I don't know the risk in mining because I'm not miner. But my friends say's you must have the knowledge in how to use it. You should know how much the electricity cost and the amount you mined. So that you'll know if it's profitable.

Before starting work, it is recommended to test the system. Theoretically, cloud mining will bring a constant income and requires significantly less investment than the production of crypto currency on ASIC devices at home.

There is a risk in everything but it shouldn't stop us from doing what we should do. It's worth taking risks sometimes. The risk of mining is not as big as the one in trading so we shouldn't be scared about it