Bitcoin Forum

i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?

Unless you have massive server farms available, it's not worth it. Look into mining some profitable altcoins, and either exchange those earnings to BTC or just keep holding the alts and hoping their price will rise. You will still need a very powerful computer for mining to be worth it, so if you're like most of use, you're better off just buying your crypto.

If you are able to buy hardware cheap, have a space to run the hardware and really cheap electricity, you can start doing the math.

There are a lot of coins out there, major ones already have ASICs and they all made in China, you need to add that into account because you might need to pay taxes when you receive it.

How much money do you have to invest into Bitcoin mining? You would be going up against some pretty big heavy weights

with massive mining farms full of ASIC's. If you really want to make some money, I would suggest that you mine some Alt

coin and then sell that for bitcoins. Take your pick of the 1000's that are out there.. but I would personally go for the coins

that are being used the most. {tx volume + low difficulty}  ;)

While mining BTC is out of the question if you are hoping to get any rewards... it is still good that we establish a culture of mining even at a loss. If you want to support BTC, then mining at a loss is better than nothing. Of course, most people can't afford this, but if you have a lot of money, and you have a big BTC investment, you want to help your investment by mining the blockchain yourself. If everyone holding 100+ BTC (for example) did this, the network would be more decentralized. Just take it as if it was a subscription fee for something.

Now if you are a regular guy wanting to make money, mining some alt than then pumps it's still a valid strategy. When I was a noob, I made 0.5 BTC thanks to the big Dogecoin pump. I mined half a million Dogecoin with my AMD 7850 GPU.

It would really be worth it if you do have the money to put on it (Large scale mining) and also consider the price or cost of electricity on your place, it would be much worth if its cheaper because in this case you would really end up on being profitable and reaching ROI in a short period of time. If you do have the money to spend, why not? As long you do know on what you are doing.

If you have free electricity or really cheap one than you can consider mining bitcoin still profitable also you have to invest a big sum in initial stage to buy mining hardware to start a mining farm.

Neither electricity is cheap nor I have big bankroll to invest in mining farm, so mining bitcoin is not an option for me.

It largely depends upon which Cryptocurrency you want to mine. Mining Bitcoin isn't worth your time and investment unless you have a huge mining farm or really cheap electricity. Various other cryptocurrencies such as ETH, Zcash, dash etc can be profitable depending upon your hardware and electricity cost.

You can check profitability of mining various coins here
https://www.coinwarz.com/calculators (https://www.coinwarz.com/calculators)

I think mining is not advisable for us simple users only or to those who cannot have a well decent mining rig. If we look back 2012-2013 that were the best time to mine for Bitcoins since according to my friends who use to mine they can easily earn Bitcoin in a span of a day. Well, as of today before you mine you must evaluate your expense especially Electricity. If you are to mine you need to leave your rig 24/7 to gain your expectations. Electricity would be your first problem above looking for a good mining rig. Bills will definitely cost you a fortune if you don't have enough research or background studies on how to save energy while doing mining.

the more you invest, the more you gain. so if you intend to mine you have to choose wisely the cryptocurrency to mine and the hardware to do so.
these days mining is not profitable only if you invest big amount of money.
use this Bitcoin Mining Calculator and Profitability Calculator:
https://www.coinwarz.com/calculators/bitcoin-mining-calculator (https://www.coinwarz.com/calculators/bitcoin-mining-calculator)

All that is done must have a risk, big or small that we do. Including bitcoin mining, bitcoin mining will have a risk on the Hardware used. If the hardware used to mine is not able to accommodate all transactions then the hardware will be problematic. ;D ;D

Unfortunately nowadays unless you have a lot of money to invest into your mining farm and cheap electricity it's really not worth it to try mining for a profit.
That is, unless you want to try to mine a new altcoin and hope it increases in value.

It really depends on where you live. If you live in a place where the climate is a cold (not freezing) and the price of electricity is one of the lowest in the world, then you have a chance at mining. If not, don't even bother, your profits will get eaten up by the cost of running a miner. It's better to just buy bitcoins and just watch the price go up.

If you invest into cloud mining contracts than you might loss all your investment but if you can afford to run mining hardware by yourself than you can make a good profit in long term by both mining bitcoin yourself or offering your mining power for others through nicehash and miningrigrentals.

I doubt if solo mining of Bitcoin is still profitable unless you are an owner of big mining farm. Bitcoin mining today is not at all profitable. Instead of investing in monry and time in mining. Buying Bitcoin through that amount is more profitable in long term.

It depends... Mining Bitcoin is profitable for those who can access very cheap electricity and hardware. That is the start. Then you have to find a place to run your hardware. Depending on how large the operation will be? This is another cost. Then you need to know what you are doing, so theres a lot of learning in the process. Good luck!

 You must have a good server, consider the price or cost of electricity and depends on the coin you want to mine ! Mining btc is not recomenned from my opinion . On above all , Electric bill is the one which you would consider most because you don't mine 2-3 hours ! You mine 24/24 ! That's my electric bill in my country ! Electric is expensive ! But if in your country , Electric is cheap , go mine -> mine BTC go because electric is cheap !

It depends mainly on 3 things.

1 your electricity cost (if you have your own power source mining could be worth the trouble)
2 amount of money you can spend (the more the better)
3 your location (it would be unwise to start a farm in a dangerous country like some of those in Africa, or in a place where people are poor in general and might want to steal from you)

It's only worth mining bitcoins when you invest lots of money into it, with the high value of the currency now , I think it's really worth mining it and you will able to recoup all the money that you have invested in it as time goes on. But you must take into account the power consumption before you take everything into account.

Mining bitcoins need a lot of money before you can say that you are making money or getting profits from mining bitcoin because bitcoin has already got a high difficulty and the simple graphics card or computer machines will not able to mine bitcoin anymore and the best thing to mine for me is just go for altcoins like ethereum instead of bitcoin.

And not only this, but the electricity costs should be considered too. In many countries it's expensive and worthless if we calculate the proportional profit made. To mine Bitcoins doesn't worth anymore, let this activity for big mining businesses. You may have luck mining AltCoins if its price increase meanwhile or after you mine, but keep in mind it can be a waste of time and effort tooif the currency dies or lose too much its price.

It's okay to risk in mining if you have a huge mining rigs that can mine for you 24/7. But, if you only have a low class rig then better to look for another way of earning Bitcoin. Your mining earning with a low class rig will not compensate your expense especially your Electricity Bill. For us simple or ordinary people who can't afford a quality mining rig must not engage in such activities. As this could cost us fortune.

For the love of Bitcoin and the community, your proposition isn't a bad one, but I foresee only a few large hearted veterans ever wanting to embark on such a giving back to the society venture especially at a time like this, when the price of Bitcoin is at its ATH. Perhaps a more beneficial approach for the community, would be to break China's dominance of mining hardware. That way overall cost of mining would become reasonable and attractive, anyone willing to mine, would mine. The concern for cost of electricity can always be taken care of with the production of highly efficient machines.

However  and until then, the best choice would be to buy all the Bitcoin you want and hodl, second would be to mine altcoins and subsequent exchange to Bitcoin.

It is worth your money and time as you can check in a mining profitability calculator the break even period of a bitcoin miner is about 4 to 5 months, so it is quiet a good investment per se. And what return we get in the real world per year, 10 to 25% max? See in bitcoin mining you can double or maybe triple your money in same amount of time.

mining has two options, namely cloud mining and mining hardware purchase. For me cloud mining is a system that will destroy your finances. While setting up your own and also buying hardware mining can get you the benefit of mining every time. You just have to buy hardware and also smart to do the mining settings you have. It can affect how much revenue you can make. So not forever mining can be profitable, the right selection will affect how much profit you will get and also how many losses that can be avoided.

I am not really for minining cause it's often shown that it's very easy to mine a coin and that there are profits
What they don't tell you is that there are costs involved in it. Your electricity bill will go through the roof and you will have a hard time paying that bill off. Secondly you need to have a good amount of hash to keep it going, then if you are lucky you will do it the right way, or you land up at a scam site and its gone. Look mining is possible where electricity rate is low you have a computer that can support kt without getting fried.

Basically mining bitcoin is a good thing to do until earning profit. If the capital is ready and already take into account of all the risks to mine bitcoin, what's wrong done if it will really benefit later. Select a path mining that will actually generate profits and more no risk or no harm. The point is we have to really prepare all that will be in the face until finally can achieve the benefits of the mining.

The best thing you can do right now is to buy a high-end gaming PC with the best GPU possible and mine the new or potential coins with it. There are many like BSD started some bounties recently and Denarius is also a good choice.

I'm not going to buy an expensive gaming PC just to burn it out mining crypto. You're better off buying GPUs directly from the manufacturers and building a rig. But I prefer to invest and/or find tasty airdrops instead. GPU rigs are too damn loud and hot, and my girlfriend would probably leave me if I ran them in the house. Especially with the recent heat we've had here... :P

I believe you need a large amount of money to start taking profit in mining cryptocurrencies. Aside from that, there are several factors that you need to take into consideration like the price of the mining hardware and electricity where you are planning to put your mining farm. So to answer your question, I think it is not worth it. You could do it as a hobby and do not expect any profit from it. It's better to shift your attention to other things in crypto instead of the one that you stated above.

no worth for personal because now the budget for mining bitcoin is too high . Unless you a powerful mining machine but now most of bitcoin mining by company 

I think we can calculate how much we get with the hardware we have. While you have good hardware and it produces well, I think it remains an advantage.

Bitcoin mining has becamed a game for big players and big investors, if you wanna to buy lets say 10-40 s9 you will be able to make a decent income, but remember you will be into competition with big farmers... but its maybe of the most safest way to invest money, at 2020 we will have halving, soo all your coins now might be worthing twice at those, and if the miners dont crash till there you will be able to roi as well.

I think many factors need to be considered for doing mining bitcoin such as energy source, equipment and the results to be obtained should be taken into account whether the costs incurred in proportion to the results to be achieved and of course mining has a risk if the expected results are not achieved then what about costs have been incurred, so need a good calculation before doing bitcoin mining.

That would depend on your investment capacity. You need to consider the following things first
1. Cost of electricity- mining bitcoin comsumes a lot of energy, from powering up your hardwares to airconditioning
2. Servers- you need to procure dedicared servers for bitcoin mining which is very costly, personall devices and computer wont do.
3. Physical facilities- surely you need to protect your very costly servers in a secure location
There are internet sites which will give you an initial computation of profitablitity which you can consult.

If your intention is to support the network, this is worth it. But for profit, I don't think so, unless you have great advantages in terms of electricity costs.

That is the only thing that can be take advantage of the miners of bitcoin they need a good place where the electricity is very low and because of that they can buy more hardwares for mining and they can get more profit in mining bitcoins because electricity is one of the big deal for almost all the miners so every miners should be wise in choosing a place for their mining farm.

mining bitcoin with cloud mining like hashnest or mining bitcoin with hardware? because if we want to mining bitcoin with cloud mining then its not worth. if we want to mining with hardware, then we need big hashrate power to mining because if we only have small hashrate, then its useless. today bitcoin difficulty is increase and need big hashrate to solve the block.

I think maybe its still worth if we trying to mining the altcoin because I am sure that there is many altcoin with low difficulty that we can mining and if we can collected and sell in the high price, I think we can make profit. but still, you need to calculate the electricity fee when you want to mining using hardware.

in most cases it's better to just buy bitcoin instead of mining.

Mining gives huge profit as far as the electric bill is under control and the processors used have really a good speed. In order to handle large number of transactions, speed and processing power are required greatly. I think it is worth trying and a better way to earn bitcoins than Signature Campaign.

Well it depends on your country.  If you have access to cheap electricity and hardware, then you should go and risk mining.  These factors are very important obviously, its just calculating profit.  I suggest man ng alt coins becaase they are easier unlike btc which has gotten very difficult to mine.

i am agree with you because without cheap electricity, we can not mining properly beside that, we are gonna waste our collecting coin to pay the electricity fee. i have a friend that still mining bitcoin but fortunately he can mining with cheap price because he is using solar panel but i don't know how much budget to build that.

You can if you can, most of the Bitcoin miners right now has a massive amount of miners when it comes to tera hashes and hardware powers. Entering the scene for Bitcoin mining now with your own household will make you a negative profit instead of a positive because of the hardware that is so expensive with so long of return of investment.

I believe it is more feasible, the expense is very high. Only with a high investment is it worth it, but I believe there are other ways to invest in the market without having to mine. Especially if a person wants to invest moderately.

Hmmm.. I assume the question points toward ASIC mining. I personally think the risk is for sure there but since the industry is still in the early adapter stage, it might just be worth it depending on the amount of capitals you are willing to come out with.

i think mining cryptocurrency is not high risk because mining always produce coin, you just take risk for buying equipment like high end GPU and CPU or Asic Miner, and you have to calculate your electric and internet bill, after all of that you can choose what coin you want to mining, if all done take a sit and drink your coffee.

the numbers of days that you will able to returned your investment is also needed to take some considerations mate as we knew that crypto isn't stable
and mining bitcoin will be more harder than we think after some months again so knowing how long it will take to put back your investment is a must..

For a beginner, i guess it is a risk anyone can take. But if you are serious on doing bitcoins to earn a lot of money. We should stick on doing tasks for bitcoins rather than waiting every hour for free bitcoins. Mining bitcoins for me is not that risky, but different sites on the other hand confuses other users what is real and what is a scam. Which nowadays is very common for other who wants bitcoins from other users through asking for bitcoins as a fee of giving free bitcoins which is actually a bit stupid.

It depends upon your financial and electrical power resources. If you are able to manage the cost of mining hardware and electricity bill with your earning through mining than go for it, but if you can't manage or can't afford it than never go for it.

No I don't think bitcoin mining is profitable unless you have electricity fees very cheap or unlimited . I suggest you try to mine other  cryptocurrency like Dogecoin, Litecoin etc. But you will be more profitable if you bought cryptos rather than mining.

it's 2017 and Bitcoin is still going strong.  It has no end in sight and it's not going to be regulated like this guy fears, or slowed down because it's peer to peer.
There's no server it's stored on, no middle man, no bureaucracy to hinder it. but there are so many cryptocurrencies, bitcoin would be the last i would mine, he need a large rig in order to get anything from it.

The risk depends upon what kind of investments you are planning to do and what coins you are looking to mine at the moment,it all depends upon the difficulty level of each coin and finding the best coin to mine at this specific moment is the key to success,mining bitcoin at this time is not profitable but there are other alt coins which can give you a good profit and with time these opportunities gets lesser,so if you plan on mining some coins make sure you do that after learning about the profitable and difficulty level of the coin you have in mind.

Mining Bitcoins just for rich man, big business, company, etc ...
If you are small investor, join to this field just make you waste your time and the profit from it cannot helps you get rich.
Because miner is people want create passive income, you also understand passive income always need huge money for creating.

mining is not very risky if you know clearly about bitcoin and the cryptocurrency. In my country, people are not very smart and the only thing they can do is to follow the trend and buy mining rig without any knowledge. The only crypto they can mine is ethereum. Can you believe that? SOon, ethereum will change to POS and no one can mine this coin with hardware anymore

Yeah, we will need a huge capital to buy the equipment for the bitcoin mining and we will also need to wait a long time to recover the capital, during that time, we need to face the cost of electricity, repair equipment damage, mining has a lot of problems to solve, if we do not have money and not enough patience, the best is that we should avoid it. Many people are involved in this field but the number of successful and profitable long-term people is very low

If you're going to invest, you have to invest low don't do high. You need much knowledge about bitcoin other wise you're wasting your time

and money.

Bitcoin mining is very costly and no more great rewards like before.

Yes, electricity is one of the main problem nowadays. Recently in my place, the electricity company has been increased the cost more than 200%. Hence some previous bitcoin miners already left this kind of bussiness.

I do not see any risk in bitcoin. Especially not you, but China for the most part. You can risk only if you buy it. And if there is such a question about risk, then do not buy.

Forget it unless you are a millionaire with expertise on the filed and access to cheap electricity, if you want to mine then the only option are altcoins, and there are two strategies for that you mine profitable altcoins, or you mine an altcoin that may not be profitable now but that you think the tokens are going to be a lot more valuable in the future.

There are few things to cover before you invest into mining. The very first thing is what are you referring to? Is it hardware mining or cloud mining you talking about ? If it's cloud mining then obviously its big no. But if you considering the hard ware mining then you have got great chances of earning big profits. However in hardware mining also you have to consider few things that is electricity cost, how much miners you have, what is the cooling system in place etc, these factors will work all together to tell you whether it's profitable or not.

Well, as of now, around 16M bitcoins have already been mined. Meaning, there are only around 5M bitcoins left to be mined. If you're planning to build a crypto mining rig, I preferred to mine altcoins, preferably litecoins and ethereum, because those two have high value (next to bitcoins, I think), and will be good for a longer time.

 Yeah its right ! These days its not advsible to mine a bitcoin cause every day the difficulty is increasing. Its better for you if you want to expirience how to mine go with eimning some other altcoins that are low in difficulty and sell it to bitcoin (just in case you want to expirience mining).

You shouldn't risk your investment in mining Bitcoin unless you plan to have a huge mining farm. Else Bitcoin mining is not at all profitable. Rather that money if used for buying Bitcoin, will give huge profit. So, invest wisely and always analyze whether you have a better and safer option to put your money into before investing in anything.

Its always to take some guts before you enter any business as we knew that if we are looking for opportunity and we are looking for long term investment mining can also be considered as a good way to earn and we can always hold even in a small fractions that we mined still can bring fortune in the long years,.

The risk i can forsee is that the price of mining outweigh the amount of value of bitcoin you receive. At this point of time, the difficulties for mining bitcoin is so high that you may get like a few cent of btc for mining a whole month. The electricity bill can easily cost more than that. It would be wise to just buy btc directly and keep it. However, if you have free electricity, you can consider getting the right equipment.

If you ask me, it's better to mine LTC or ETH now, those two can be profitable in the future same as bitcoin.

There isn't any risk if you have cheap electricity and you are using the right equipment don't go mining in your computer and expect to get profit , even if you are able to get your computer will slowly die as mining will suck up your processors and after sometime it may not work like it has to too. For miners check out bitman they claim to have the most efficient miners

Well its still worse, but only with a big investments. Also farms takes much space so in the regular little appartment it is not very suitable :) But with some time and real plan it can be very profitable.

When somebody starts mining, he has to calculate everything through at first.
Electricity costs, hardware costs, expected price of bitcoin.
Don't forget that there will be some downtime of the hardware for multiple reasons as well.
If that numbers seem to be profitable, than nothing speaks against a try.
When you are not happy with the outcome, you will always be able to sell the mining equipment again. It's not gonny be a total loss.

Mining is risky and even the numbers doesn't show any negative profit then there is still a high risk for your mining rig like the lifespan of your equipment, since it is always been maxed out then there is no assurance that it gonna stay for long so as long as the capital is not get fully back from your investment then you money is on a high risk.

Not less you got the power of one of these Farms. There is no way anytime soon or anytime in the past two years if it's been cost-effective for an individual to mine Bitcoins. All you're going to do is lose money when there's plenty of other coins to mine.

not worth atm, too many big farmers, electric bill too expensive, maybe check alts, hope to get luck on the choice you make

 I don't think, Just saving the things like electric to reduce expensive bills.

So much wrong information in this thread.

Mining on any scale can be profitable if you have reasonable power costs.

You join a mining pool and are not so much competing with the big farms rather you are working with them.

The big farms mostly have antminer S9's. Hundreds or thousands of them. You can buy one exactly like theirs and make the same profit per unit. I don't know the exact number I think it's around $12 per day profit per miner. Having a few in your garage isn't going to make you rich or allow you to quit your job but it is profitable.

I won't agree with you on this point. BCC is far better than ETH and LTC and if someone is going for mining, that means he will be using a lot of electricity and other resources because you need a good hardware with high processing speed, utilizing these much resources must at least produce a good result and only bitcoins can give huge profits.

There is no risk in mining the only obstacle might be low profits at the end, the major problems associated with mining is just high power consumption and bills piling up at the same time, those are the things to consider before mining.

in everything there is a risk in everything no matter what it will  be, so take a risk, it can help us to improve ourself and it can help us also to be more productive and wise by the next time we can a challenge in some problem in we may encounter in our daily lives, so take a risk a be brave enough to face it everyday.

Mining bitcoin is not a risk, it is only expensive to start up and consumes a lot of electricity and also produces much heat, that is why most people would prefer stockpiling bitcoin rather than mining it.

Some multi-million companies are pushing the mining of BTc, that means it will be worth it but due to the difficulty of mining these crypto, only some large budget whale can provide such rig and I think consumer grades individual should mine altcoins instead of BTc to be more profitable.
And yes we can earn BTC in some alternative ways. Mining it would be worth it but this will take a huge amount of money and effort.

even laypeople who do not fully understand about bitcoin mining should find and learn how to mine a good can be done through a lot of reading in discussion forums and internet browsing this is used to reduce the risk in mining bitcoin because mined bitcoin also requires capital such as hardware and other things such as graphics cards, ASIC cards, intel core i5 haswell and others.

Our life has several threats and we are always in risk because there is known time of our death  so take risk do you invest and get your desirable profits from bit coin I am confident over bit coin on the basis of the popularity gained by the bet coin.

Whatever we do there is certainly a risk, even if we do not take any action then remain at risk, I think this is a natural thing, when there is a profit opportunity of course there is also a chance of loss. mining is very good because bitcoin prices continue to rise, make sure to prepare the calculation before mining so as not to lose.

indeed bitcoin is high risk, the same as other investments. but the risk of bitcoin it proportional to profits that we get. While the other risk of investment will not be the same as profits with bitcoin. bitcoin can rise very quickly in a short time. so you don't have to think about the risk, but you should also think about profits.

You should be more clear what you mean by 'risk'. If it means that your country has banned bitcoin, and you wanna risk mining illegally, then definitely not. Then comes the question of profit...maybe you want to know that whether you will profit from bitcoin, and the answer to that is, if you are mining alone with CPUs and GPUs, or even 1 ASIC machine, then you won't profit. There are huge mining farms that are required to profit from bitcoin, which cheap as hell electricity and state of the art cooling architecture.
Only if you have these above mentioned things, you may profit from bitcoin. Solo mining just isn't profitable now, you will even probably damage your machine that way, if using a CPU/GPU.

We have a risk in all work but choosing a good work to take risk is important. risking on some chit coins is dangerous we are not sure when the coins will grow. but risking in bitcoins is really worth. look at this year price chart of bitcoins and tell is it worth or not. don't believe others advice blindly you check out with your own eyes and invest.

Yes.  Becaus I think Bitcoin mining is not risk. Due to your own equipment for mining Bitcoin that's why no risk. It's totally your own. Yes some proble about electricity. If your country electricity bill is higher then you have risk for Bitcoin  mining. I can't find any other risk. I believe you can mine Bitcoin proffesonally. Once a day I will.

As many do not afford the hardware required to do mining by itself but there are many websites who promise to help us doin mining but after some days they make a fraud. I don't trust anyone and invest my money to do mining untill i am not sure that my investments will  safe.

Yes, mining a bitcoin is a profitable thing along with some risk factor to it. But I personally prefer trading over mining for fair amount of profits.
At the end of the day if decide to mine a bitcoin. There is no harm.

We can mine bitcoin also but what about resources you should have proper hardware, electricity and infrastructure all at cheap price than only you think and that also not of btc but alt coins more over government permission is main thing in india its not allowed     

Do it safe and proberly legal means No risk to mining Bitcoins because it's a digital currency system and it's done by all r procedure are called legal means safe and  not procedure illegal means  unsafe.

In my opinion, it will depend on its structure, as we have seen the previous answers, a great server, good plates and a good investment. I'll bet more on "Trade"

Will in my own opinion,if i have a capital  now why not?if  i have  a capital i want to become a bitcoin miners, if i can afford to buy a hardware the ant miner S9,in using to mining bitcoin.this is my passion if the time i can earn this project,and my second option is  to become a bitcoin miner's or mining an  cryptocurrency world.

It is okay thats what i know if you have a good server and good hardware or device to mine but i know we need to have a good specification to do that and we all know how much it cost and how much we will spend for it to have a good mining. But if you do have much knowledge or you do have some strategies to work on mining that is not bad to risk mining bitcoins.

Mining BTC is never a risk. The issue is the financial implications. You need resources to do such which will tell on your pocket.

It would be really worth only if you would be able to get cheap electricity and if you could afford to buy powerful ASIC miners to mine bitcoin.

The main aspect you should take in to consideration is that government is not in an idea to ban bitcoin or declare bitcoin mining as illegal as if it happens,all your invested money would be a waste.Or else,you should have to mine    secretly that would be a risk as you have mentioned before.Venezuelans are still doing that by mining secretly.

If you mining bitcoin right now it's too late, because level of difficulty. You need to put effort and resources to mine.
Maybe you can mining other cryptocurrency on they early birth but it you must be careful to chose.

Mining cryptocurrencies is a very great domain of profit, but first you should invest a lot of money for hardware machine to allow you to mine, also you shouldn't forget electricity fees, because as i heard, that mining hardware use a lot of power, If you set everthing well, you will make a great profit depends in your machines, or graphic cards that you use.

i dont think this will be the best time to mine because bitcoin is almost max. maybe invest in buying bitcoin is the best way than to risk your money in buying mining stuffs.

In short you need to have a very large investment in order to start mining bitcoin and i would say it is better to purchase the coin rather than mining bitcoin,but you can look at alt coins to mine ,why do you think that India does not give permission for mining as i do know some fellow peers that mine in India and i am not aware of any ban.

I think mining another altcoin is better absolutely, in this moment of course, because nowadays the cost of bitcoin's mining is very high. As a result, you better risk the value elevation of an altcoin better than risk mining bitcoin, the first choice is more profitable in my opinion.
Otherwise, we could try another way to make money through Bitcointalk like gambling, investing or trading.

Is mining dead?  No it's not! Mining returned to its normal state. In early 2017, the payback of the farm was from one to a half and there were many miners. In May, when it was growing, it was reduced to 3 months! Then the boom began, the lack of video cards.

To date, the lack of video cards has disappeared. Prices fell a bit, but still bite. Of course, gamers were affected, and of course freeloaders. Freeloaders bought a lot of cards at cloud prices, and when the payback at the old price returned for a year, they have become more. They want to earn millions without realizing that the payback year is good in any business. And now they can not sell them. Mining falls they say. No, mine does not have a fall, the price of the crypto currency has fallen, it has not even fallen, but returned to its normal state. Profitability and forecasts of mining, about profitability I will say that it is profitable! But about predictions you can guess a little, but according to my calculation everything will be fine. When will the mining end? no one knows, but not soon

You right, though it is risky but we don't have any chioce. But believing our self everything will be fine and if we can manage to handle the risk, then it is much better. Looking forwars and be positive always because everything will be possible if we just work on.

How is contract investing more risky? I've always avoided that but have also always been interested - just didn't trust them enough to try them.

I am not sure about India's laws either, but I read an article last week that basically said India has not made any ruling on Bitcoin because as with a lot of new ideas, India likes to wait and see first. But again, I don't pay much attention to reading about India law.

 I think you should consider profitability first before you go into laws because if you are not going to turn in profit with your mining then its better not to risk a beef with the government. I think any serious miner in our times will consider going to china and not India.

Mining is a way to produce any new type of cryptocurrency. And in bitcoin, it's a way to confirm our transactions so there should be people who are mining to get profit while helping us with our transactions to get confirmed. The risk maybe that OP is talking is about the high electricity and volatility of the hardware, taking care of it is an easy thing if you have set up your farm properly.

I do not see any risk in bitcoin. Especially not you, but China for the most part. You can risk only if you buy it. And if there is such a question about risk, then do not buy.

With today's bitcoin prices, maybe it is viable, but as for me, I wouldn't risk mining bitcoins now because how much the electricity costs in our country and how much a mining PC or an ant miner is. The thing is, the electricity bill and maintenance plus the inital cost would be too much for a proper bitcoin investment.

Mining is my main objective. Part of my profits from trading are being set aside to finance a basic mining rig. Worst cast scenario, I have a kickass gaming rig.

Do you mean mining illegally?) Seriously, I don't think it's worth doing. Unless you are wealthy enough to make a mining farm. Instead, why not speculate on BTC rate? Right now seems to be quite safe.

It is worth it if you are able to create an efficient mining farm which usually takes a lot of resources and effort, but if you are planning to join and invest in mining pools then I would say it is somewhat risky after hearing what happened to nice hash, where they said they were attacked by hackers which makes all of its investors lose their money I suggest it is better to mine individually if you can.

I think really cheap electricity is most important if you want run the mining. And make sure you have the skill too.

Without mining bitcoin it would be a problem in the bitcoin network,
so I have been told. On the other hand I dont like mining bitcoin manually
it cost too much electricity expense, I would rather do could mining from legit company.

solo mining is so risky and can destroy all your money "Better to invest in bitcoin"
So do not be enthusiastic and risky in solo mining, it is better to calculate the cash level, profits and losses, especially since havling will be within 3 years.
So if the electricity is cheap, the weather is cold, and you can mine in groups and you want to take a risk, do it.
group mining is good if you have knowledge and low fee power supply

Bitcoin mining is not good now because difficulty level is increasing day by day and expense on bitcoin mining is increasing but very less rewards is getting from mining. There is so many opportunity in the market to get the profit and invest in the market for long time.

You can start cloud mining but i heard this mining only.I am not sure you need help google or any miner so post this thread and get your answer https://bitcointalk.org/index.php?board=14.0

Dont do cloud mining. If you want really to be a miner you need to prepare the infratructure and for now mining bitcoin will cost you a lot of moneybin front. But it is safest way then u throw ur money to cloud mining.almost all cloud mining will be scam or using ponzi scheme.

Nowadays it is only possible to mine bitcoin with specific machines dedicated to industries, due to the difficulty of mining, the way is to go to the Altcoins.