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Author Topic: Is mining dead ?  (Read 12688 times)
knowhow
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November 07, 2015, 11:33:50 AM
 #161

Well the miners can mine unlimited bitcoin,converting them into fiat will restrict your ammount of bitcoins,and with the current value maybe there is a way to earn something with it,but well the electricity price will affect your income,usually people who mine has something like 0.02dollars as fee....
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HarryKPeters
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November 07, 2015, 06:29:01 PM
 #162

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalk.org/index.php?topic=1209056.msg12913379#msg12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

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November 07, 2015, 06:52:19 PM
 #163

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalk.org/index.php?topic=1209056.msg12913379#msg12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

You say unprofitable for who?The cloud companys makes some payments at begining then they raise their fee and well your income will stop,mining at home being solo or at some pool with cheap electricity keep being profitable for some.
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November 07, 2015, 07:47:06 PM
 #164

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalk.org/index.php?topic=1209056.msg12913379#msg12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

You say unprofitable for who?The cloud companys makes some payments at begining then they raise their fee and well your income will stop,mining at home being solo or at some pool with cheap electricity keep being profitable for some.

People like to say how hard it is on mining.  But recently we got a big jump in value.  It's actually lot's easier then it was.

Difficulty will continue to rise, nothing we can do about that.  But the push in value seems to be holding at 380+ which is pretty good considering how quick it happened.
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November 08, 2015, 01:05:57 AM
 #165

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalk.org/index.php?topic=1209056.msg12913379#msg12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

Well said, there are to many factors you can't predict
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November 08, 2015, 02:01:53 AM
 #166

Mining isn't dead. Mining for gaining profits for persons and small mining operations is close to death:
https://bitcointalk.org/index.php?topic=1209056.msg12913379#msg12913379

Every mining company let you believe the price is right so you can get ROI, but factors that are hard to understand for the most people (difficulty) and a factor that can't be predicted (BTC price), makes it unprofitable in the long run.

Well said, there are to many factors you can't predict

I think people just don't know what they are talking about. For example that post. Sure the S7, at least at 230$BTC price was ridiculously overpriced, and now its a bit disappointing that the last batch has less hashrate but the same price, but think about it;

If a current gen overpriced unit can ROI in 4 months. How fast you think you would ROI if you purchase the right hardware for you? A S5 can have twice the GH/$, in the post's case, this would be time to ROI in half, which seem pretty safe.

The S7's first batch were indeed icky because many people would not ROI before the halving, but not, it is not the case. As such mining is amazing now, at least for people that got hardware before it became so expensive Wink
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