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Author Topic: Is it even worth it in 2016?  (Read 1121 times)
maku
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May 22, 2016, 09:35:57 AM
 #21

If you want to try bitcoin mining then don't even try to buy and start to mine before halving. We have no idea what what exactly will happen with mining after block reward drop.
Difficulty could go down because people will cease to mine, or it will quite the opposite because it will be profitable because price of BTC might be higher.

In short: Wait and see.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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toy4lov3rs
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May 22, 2016, 01:09:41 PM
 #22

If you want to try bitcoin mining then don't even try to buy and start to mine before halving. We have no idea what what exactly will happen with mining after block reward drop.
Difficulty could go down because people will cease to mine, or it will quite the opposite because it will be profitable because price of BTC might be higher.

In short: Wait and see.


I think we need to wait till the halving occurs, as we don't know what will be the exact scenario at the time of halving but this would be definitely the best year for bitcoin.
rancidgash
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May 22, 2016, 01:22:11 PM
 #23

If you want to try bitcoin mining then don't even try to buy and start to mine before halving. We have no idea what what exactly will happen with mining after block reward drop.
Difficulty could go down because people will cease to mine, or it will quite the opposite because it will be profitable because price of BTC might be higher.

In short: Wait and see.


I think we need to wait till the halving occurs, as we don't know what will be the exact scenario at the time of halving but this would be definitely the best year for bitcoin.

Waiting is recommended not only because of the halving. Certainly in short time, will be released S9, then after halving and with new rig will be good moment to start.
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