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Question: What's the main reason that you mine Bitcoins?
It's a hobby/for fun - 92 (33.9%)
I'm anticipating a huge price jump in the future - 74 (27.3%)
I have a lot of miners that make me a lot of extra money on the side - 32 (11.8%)
It's my job (work at or run a warehouse of miners) - 29 (10.7%)
Other - 44 (16.2%)
Total Voters: 271

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Author Topic: Why do you mine Bitcoins?  (Read 112054 times)
lottoken@lottoken.org
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November 01, 2017, 05:04:32 AM
 #841

How about mining for ETH ? is it any cheaper ?
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bizalaz
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November 01, 2017, 09:20:56 AM
 #842

For me it's also a hobby, and yet I'm anticipating a huge price jump in the future

Krishantha545
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November 01, 2017, 11:06:43 AM
 #843

I have Four Reasons...

First is it can mine without investment nowadays...
Second is can exchange for Dollars or any currency
Third is bitcoin value is grater than any other currency..
Forth is in future there will be big demand of bitcoin against Supply. 
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November 01, 2017, 01:32:16 PM
 #844

Tell me any reasons I might've missed and feel free to write out your response in this thread.  Smiley

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cybersofts
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November 01, 2017, 10:21:17 PM
 #845

because i like to generate bitcoin it's anonymous, much better than buying on a exchange, yes you need to buy the mienrs but it is cheaper than buying directly, talking about gpu here not asic
When I started with bitcoin mining I was looking for ways to make money with bitcoin and I surely did.
But the way bitcoin mining difficulty is rising these days - mining bitcoin is not as profitable as it was few years ago.
Mining bitcoin these days is more for fun than profit because in order to keep up with the difficult you should to keep upgrading your mining contract all the time.

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iSkyCastle
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November 02, 2017, 12:50:06 AM
 #846

Just so I have the experience of it and learnt how it works.

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mel1978
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November 02, 2017, 04:23:54 AM
 #847

Tell me any reasons I might've missed and feel free to write out your response in this thread.  Smiley
I mine bitcoins because bitcoin has the highest investment return for me and it is safe to invested in. I believe the price of bitcoins to increase in the coming years. So It is good to mine them. A lot of people wanted to earn bitcoins thus looking for a job that uses bitcoins as payment so it is good for now to mine bitcoins.

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goldchain
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November 02, 2017, 10:37:36 AM
 #848

Firstly, the reasons I mine bitcoin - because this cryptocurrency is better than Fiat currency (my own perspective)

Secondly, I dislike those centralized online payment processor, especially the well known & almighty one that started with "P" (I prefer to use Bitcoin to pay, even though the fee rate is slightly higher)
saleenasmith
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November 02, 2017, 10:43:13 AM
 #849

Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Konco126
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November 02, 2017, 11:42:55 AM
 #850

I think this bitcoin mining can make a person get rich. And easily take advantage of our free time to make money. The reason I mined bitcoin is basically the same as other miners. Among them because bitcoin is a good crypto, easy to do, bitcoin prices can rise high, etc.

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November 02, 2017, 05:10:46 PM
 #851

I have more reasons on not mining than mining bitcoin. And i'm too late. But if i've investment to buy miners, sure i'll mine bitcoin as my job.
pavelv3
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November 02, 2017, 08:40:12 PM
 #852

Fun hobby. Commenced a handful of many years again.Like the guesswork associated in making an attempt to find the nonce's required.I dunno, I guess which is about it 
xCryptoManiaX
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November 02, 2017, 10:06:45 PM
 #853

It was a nice hobby once I started with Bitcoin a few years back. Now sadly I don't have the time for that.

Talenter
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November 06, 2017, 02:32:07 PM
 #854

Why are mining if you can buy BTC? Every week a higher high...
mininghubby
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November 06, 2017, 03:07:07 PM
 #855

Mining, to me a great chance to increase btc. But problem is they scams. So now i am not in cloud mining.
I do mining because simply I look forward to earn high from it and also the price of bitcoin could go up high as the years to pass. It could be good investment. Smiley
xCryptoManiaX
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November 06, 2017, 04:08:55 PM
 #856

For some extra cash you know, I don't have to play for electricity so its all good.

Kappla
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November 06, 2017, 04:51:09 PM
 #857

For me it's also a hobby,

HidekiRiyuga
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November 06, 2017, 08:08:21 PM
 #858

just wanted to try this extravagant bitcoin things and in some way got addicted to it XD
FortheIoIz
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November 06, 2017, 09:22:35 PM
 #859

Its really apparent mate that we my own bitcoins to generate money. That's the common reason we mine bitcoins however for others their will vary concept of why they mine bitcoins. First is to know the field of mining and bitcoin. They mine bitcoin to know much more knowledge how mining functions throughout the economy of bitcoin.
rxone
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November 07, 2017, 12:47:11 AM
 #860

i am mining bitcoin on cloud mining and i just curious about mining bitcoin. i want to buy the hardware but its still to expensive for me, if i buy the lower spec, then i just get small amount of bitcoin.
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