Watjila
Newbie
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Activity: 58
Merit: 0
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April 18, 2017, 06:32:28 AM |
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Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...
I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits. Indeed, but if you mining altcoin that's a different story because you don't know how much the price in exchanges if they listed in. Mining altcoin is same like gambling because you also don't know which coins is profitable to mine or no scam. I think its better not to go for mining altcoins the future of altcoins is unpredictable and it can disappear very quickly and instead invest in those altcoins that are listed and performing well and it will reduce certain level of risk as looking at the charts you can assume what's gonna happen next and you can take your decisions accordingly. The future of altcoins are unpredictable, so I sold most of mined ETH at $5. Now, it is over $45. |
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Sled
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April 18, 2017, 06:54:58 AM |
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Mining an altcoin now is worth it but for bitcoin I don't think so. But we should always remember that we are taking risks, we don't know if that altcoin can survive in the crypto world for a long run and can help you to make profits. It requires outstanding hardware components for you to feel that you're really earning...
I agree with you, it's very hard to get bitcoins on your computer. It is necessary to make large investments in the purchase of equipment and payment for electricity. In the end, you get very little Its not worth to invest in mining now as it will require capital to buy equipment and if electricity cost is higher in your country then it won't give you the best profits that you are looking for so the best thing to do at a moment is buy bitcoins and save them for future to earn good profits. Indeed, but if you mining altcoin that's a different story because you don't know how much the price in exchanges if they listed in. Mining altcoin is same like gambling because you also don't know which coins is profitable to mine or no scam. I think its better not to go for mining altcoins the future of altcoins is unpredictable and it can disappear very quickly and instead invest in those altcoins that are listed and performing well and it will reduce certain level of risk as looking at the charts you can assume what's gonna happen next and you can take your decisions accordingly. The future of altcoins are unpredictable, so I sold most of mined ETH at $5. Now, it is over $45. You can predict the future of altcoins if you are a good researcher because reading their presentation and their road map and their background information especially of the team is enough for you to tell if that coin or altcoin will have a bright future and an expensive price soon because nothing can beat a good researcher because good researcher means a man with a ton of knowledge so you can easily predict somethings like the future of altcoins. |
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(altair)
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April 18, 2017, 06:58:22 AM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Specifically what coins do you have and what coins have you already mined.Mining shitcoins will not be profitable for you even if you hold it for a long long time.Consider first if the coins is capable of saying and will give you profit.If not then just sell it all the way |
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freebutcaged
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April 18, 2017, 07:09:18 AM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Specifically what coins do you have and what coins have you already mined.Mining shitcoins will not be profitable for you even if you hold it for a long long time.Consider first if the coins is capable of saying and will give you profit.If not then just sell it all the way I think you are too late for quoting the fucking OP and advising on the matter, coins are not capable of saying anything mate get a room. I bet anyone from 2015 mined Bitcoin LTC now selling them if kept them all these 2 years would be in great profit. |
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Xestadar
Newbie
Offline
Activity: 27
Merit: 0
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April 18, 2017, 12:53:36 PM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Specifically what coins do you have and what coins have you already mined.Mining shitcoins will not be profitable for you even if you hold it for a long long time.Consider first if the coins is capable of saying and will give you profit.If not then just sell it all the way I think you are too late for quoting the fucking OP and advising on the matter, coins are not capable of saying anything mate get a room. I bet anyone from 2015 mined Bitcoin LTC now selling them if kept them all these 2 years would be in great profit. It is not too late. I will keep most of the mined the coins and might sell later. |
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Marcus_2017
Member
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Activity: 84
Merit: 10
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April 18, 2017, 01:03:50 PM |
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You can't constantly wait for price increase. Yes, of course you can earn on the price increase, but if you sell your coins now and increase their production, by the time the coins more expensive you will have them as well. If you need money for business expansion, you need to sell always.
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Oilacris
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April 18, 2017, 01:11:49 PM |
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You can't constantly wait for price increase. Yes, of course you can earn on the price increase, but if you sell your coins now and increase their production, by the time the coins more expensive you will have them as well. If you need money for business expansion, you need to sell always.
This method would just work if you are good on shorting but it would be risky if you done it wrong. Selling on the most possible peak price is the target here so that we could able to maximize our profits.Im a person that do have short patience thats why i do tend to sell when i saw theres an oppurtunity and gaining percentage out of those coins. |
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bitcoinisbest
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April 18, 2017, 01:23:09 PM |
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I think now people who are being mining for long are only involved because since the difficult level is being increased so much for btc that new miners now are not much interested in it and those who are already mining should be selling it since its almost the price is at peak and may dip in coming time.
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goldcoinminer
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April 18, 2017, 01:38:41 PM |
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I think now people who are being mining for long are only involved because since the difficult level is being increased so much for btc that new miners now are not much interested in it and those who are already mining should be selling it since its almost the price is at peak and may dip in coming time.
It is a happy days for miners when the price of bitcoin increases, that means more income for them and they will continue to operate profitably. If they know how to manage their business, they can make a fortune in the future, mining business is getting bigger now actually. |
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Pasutinmeur
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April 23, 2017, 06:57:04 AM |
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I think now people who are being mining for long are only involved because since the difficult level is being increased so much for btc that new miners now are not much interested in it and those who are already mining should be selling it since its almost the price is at peak and may dip in coming time.
It is a happy days for miners when the price of bitcoin increases, that means more income for them and they will continue to operate profitably. If they know how to manage their business, they can make a fortune in the future, mining business is getting bigger now actually. That is right. Hope they can also keep most of their coins. |
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CraigWrightBTC
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April 23, 2017, 07:04:32 AM |
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You can't constantly wait for price increase. Yes, of course you can earn on the price increase, but if you sell your coins now and increase their production, by the time the coins more expensive you will have them as well. If you need money for business expansion, you need to sell always.
Yup so everything depend on the strategy investing in digital coins include investing in mining the miners must sell some their coins to pay the cost of mining, but there are some miners who hold their coins to long time, personality I like sell some coins and the other coins be saved for future, because the income coins are from profit trading. |
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revans
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April 23, 2017, 02:53:22 PM |
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Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.
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Mometaskers
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April 23, 2017, 03:13:17 PM |
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Seems most people I ask agree that it's no longer profitable to mine coins, at least bitcoins. The equipment needed is expensive (at least here in my country) making ROI take much longer. Not to mention the maintenance for the electricity (which is also not cheap here). If you'll mine at home you'd probably need an AC to extend the life of your equipment.
If you did mine some, it's still preferable to hold. As you saw this past week, it's on a rally again.
Alts are a different matter. They may not be as hard to mine but there's a risk involved in whether it will rise in price or not. Same as bitcoin, just hold on to most of what you mined.
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Teraboy
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April 23, 2017, 03:24:12 PM |
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Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.
No, tell me the valid proof based on your mathematic calculation about the mining and does it really worth or not. Basically the result of the mining depend on your place i mean if you're living on the country with cheap electricity and it's really worth for you. |
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TribalBob
Sr. Member
Offline
Activity: 1288
Merit: 257
Chainjoes.com
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April 23, 2017, 04:31:09 PM |
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Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.
No, tell me the valid proof based on your mathematic calculation about the mining and does it really worth or not. Basically the result of the mining depend on your place i mean if you're living on the country with cheap electricity and it's really worth for you. That's what he is trying to say that electricity cost is not affordable in his country which suggests that the cost of electricity is higher and that is the reason he cannot make good profits from mining as the cost of electricity will eat away all his profits. |
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Dimelord
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April 25, 2017, 03:23:57 AM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Saving the mined bitcoins would give more benefits.Bitcoin price has almost doubled in last six months.Instead of selling mined bitcoins today for smaller benefits,it would give you huge returns if saved.Previously,bitcoin mining was very easy and of less cost,but today's mining operations are not easier and cost of mining is also very high.So better save mined bitcoins. |
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hajimasan
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April 25, 2017, 03:31:25 AM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Here I will suggest you for the exchage your mined coin into a powerful altcoin like dash ETH or posw coin , because with the powerful altcoin you will get better profit time to time but in the low valued altcoins it may be possible that these altcoins remain or Became dead, So it is more better to exchage into other . Here you can exchange into bitcoin also because with bitcoin you can get stable value for your mined altcoins . But here you should be careful that If the altcoins that you are mining are have strong base then hold them in Thier wallet Because with strong base the altcoins will surely jump to high price . |
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Caladonian
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April 25, 2017, 03:41:10 AM |
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Right now i trying to mining a lot of coins, i thinking its mabey its good to save the coins like 6-12 mdr before selling it.
Can orther explain about its a good point else about the risk its to high to lose to lot on it?
Here I will suggest you for the exchage your mined coin into a powerful altcoin like dash ETH or posw coin , because with the powerful altcoin you will get better profit time to time but in the low valued altcoins it may be possible that these altcoins remain or Became dead, So it is more better to exchage into other . Here you can exchange into bitcoin also because with bitcoin you can get stable value for your mined altcoins . But here you should be careful that If the altcoins that you are mining are have strong base then hold them in Thier wallet Because with strong base the altcoins will surely jump to high price . better to give some time and then assess whether to hold and allow the value increase as we knew that inside crypto things are not stable we do have lots of opportunities to earn as we patiently waiting or lose when we become aggressive its a matter of time and trust with your mined coins. |
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yolanda222
Legendary
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Activity: 1190
Merit: 1013
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April 25, 2017, 03:46:14 AM |
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Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.
He just asking you to imagine it if you have coin from mining what would you do? . Mining coin is not profitable for you in your country. If i have coin from mining i will use it for trading and save it. |
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miakama
Newbie
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Activity: 69
Merit: 0
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April 27, 2017, 01:30:55 PM |
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Mining coins is no more profitable for me as it will require good capital to buy mining equipment and even the electricity cost is not affordable in my country which makes mining as an unprofitable business for me so I will prefer to buy it, earn it and save it for the future.
He just asking you to imagine it if you have coin from mining what would you do? . Mining coin is not profitable for you in your country. If i have coin from mining i will use it for trading and save it. It depends on the electricity price. If it is low, it is better to mine and then trade the coins. |
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