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Author Topic: Is investing in mining still worth it?  (Read 12496 times)
JeffBrad12
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December 21, 2016, 11:59:21 AM
 #301

Mining is profitable if you'll be mining alt coins ( bitcoins I doubt) and later sell them for bitcoins. This depends on a lot of factors and of course electricity is one of them so if for instance you have access to free electricity ( solar source) then even bitcoins mining can be profitable to you.
The solar source is so bad, every square panel were worth for 200 - 300 watt and this was a new model. But like the Chinese people do before, running about the silent mining farm and it means they can get a pure profit without think about the other factor will decreasing their profit.

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December 21, 2016, 12:14:06 PM
 #302

Investing in mining sites is not worth it anymore because also of the halving effects. The owners will just use your own money for their own good, they will just take over it. Mining is difficult now because it consume times very long and will just pay you a small amount, you can't get the returns.

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December 22, 2016, 01:13:41 AM
 #303

Investing is good no matter what but I would not invest in mining anymore, better invest in trading from altcoins much more provide these days.
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December 22, 2016, 10:35:28 AM
 #304

What amount approx: a miner needs to setup his own mining system with high hash rates that could be profitable for him. Assume electricity price low as 4cents/kw. How much amount he should have to have his own mining hardware system??
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December 22, 2016, 12:50:34 PM
 #305

Investing in mining sites is not worth it anymore because also of the halving effects. The owners will just use your own money for their own good, they will just take over it. Mining is difficult now because it consume times very long and will just pay you a small amount, you can't get the returns.
Totally crap, You can visit the mining section and read more about them if you have an apartment and you can run it with a lot of the benefit. Some bucks every day will sign into your pouch.
Profit or not, it will need more calculation because bitcoin is math.

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December 22, 2016, 04:15:07 PM
 #306

Investing in mining sites is not worth it anymore because also of the halving effects. The owners will just use your own money for their own good, they will just take over it. Mining is difficult now because it consume times very long and will just pay you a small amount, you can't get the returns.
I assume you are talking about cloud mining sites? If so, then you're definitely right. With current block rewards it is a waste of time and money to buy yourself hash shares.

Not only that, you also have to keep in mind that a cloud mining site can just decide to tremendously increase their maintenance fees which will result in your rewards vanishing.

Buying Bitcoin has always been the far better option. Look at the price right now, if you bought months ago, you would have doubled your money as we speak.

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December 22, 2016, 09:24:37 PM
 #307

I think, for the moment, it is very difficult to find a reliable investment Minning. it might be better to do a hard Minning. although it has a high price, and revenues that are not too large, however, you yourself will manage the Minning. So, the maximum results depends on what you intend to do.

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December 22, 2016, 11:14:06 PM
 #308

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.
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December 23, 2016, 02:52:00 PM
 #309

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.

It's not "insane" back then. The price of bitcoin back then was really low so even if you own hundreds of bitcoins from mining, it's still not huge enough to be called insane. But today, that very same amount of bitcoin can surely be called insane amount. I think people from the future will have the same perspective about our mining right now. But since we do not live in the future, mining isn't that worth it unless you can wait for decades before you sell the coins that you've mined.

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December 23, 2016, 03:01:08 PM
 #310

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.
The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.
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December 23, 2016, 05:59:48 PM
 #311

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.
The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.

Actually IMO the environment nowadays is much better than a few months prior to the halving. The difficulty back then was increasing very significantly while the price was in a constant decline. At least now the price has been on a steady increase.


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December 23, 2016, 06:25:25 PM
 #312

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.
The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.

Actually IMO the environment nowadays is much better than a few months prior to the halving. The difficulty back then was increasing very significantly while the price was in a constant decline. At least now the price has been on a steady increase.

And on average the difficulty increase has been under 4.5% for 2016, makes it much easier to predict earnings if buying a device.


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December 24, 2016, 01:18:38 AM
 #313

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.
The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.

Actually IMO the environment nowadays is much better than a few months prior to the halving. The difficulty back then was increasing very significantly while the price was in a constant decline. At least now the price has been on a steady increase.

And on average the difficulty increase has been under 4.5% for 2016, makes it much easier to predict earnings if buying a device.

There is no guarantee in mining, Be it statistics or guts. Mining from 2012 to this day is all about taking a risk: gambling. Some win, most lose.

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December 24, 2016, 02:25:50 AM
 #314

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.
The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.

Actually IMO the environment nowadays is much better than a few months prior to the halving. The difficulty back then was increasing very significantly while the price was in a constant decline. At least now the price has been on a steady increase.

And on average the difficulty increase has been under 4.5% for 2016, makes it much easier to predict earnings if buying a device.

There is no guarantee in mining, Be it statistics or guts. Mining from 2012 to this day is all about taking a risk: gambling. Some win, most lose.

I would say it's worse than gambling. At least in gambling we have the money under our control all the time to choose how much to bet, which game to play... And we can withdraw our money any moment.

With cloud mining, we need to send all our money to the site to buy the mining power and pray for a good result in the end. As you said, few will win, many will lose. Currently it's the worse kind of investment in my opinion.

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December 24, 2016, 03:47:05 AM
 #315

I want to know how these companies know how much hash power to add to what you have to maintain steady income. They don't really tell you this, not that I know of and this is bad. They lack transparency. I think you will be better off investing in a casino instead. You can make more and it will be a stead growth over a few months.

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December 24, 2016, 03:51:17 AM
 #316

As you see from the first page until the last in this topic, peoples said investing in cloud mining is not recommended anymore. Most of cloud mining site is end scam.
Better invest your money on trading. You can control your money by self. It's just need a little bit skill about knowing how the market or price move.

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CraigWrightBTC
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December 24, 2016, 07:38:55 AM
 #317

Yes you can say its still worth it and it is still worth it but its not like back in the days with insane profits of course.
The OP want be trying investing in cloud mining service with about $100 capital, please check on main page.
I don't think it is worth for making profit although will need long time.
I am doubt we can get return of investment with put the bitcoins on cloud mining service,
Although it is recomended service like hashnest, because of the difficulty of bitcoins that more increase.

Actually IMO the environment nowadays is much better than a few months prior to the halving. The difficulty back then was increasing very significantly while the price was in a constant decline. At least now the price has been on a steady increase.

And on average the difficulty increase has been under 4.5% for 2016, makes it much easier to predict earnings if buying a device.
Yup unfortunately the OP want make investing in cloud mining on hashnest, i don't know if buy hardware miners for him, it is worth or not and i don't know for right now investing on cloud mining is worth or not especially on hashnest.
Because in my experience made investment on hashnest was not worth.
Mikkiun
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December 24, 2016, 07:54:19 AM
 #318

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

Now if you have money or BTC , you can buy some mining machine for BTC . Don't invest into any cloudmining site. it wastes your time and losing your money.

Minexcoin-A new era of payments||ICO||DISCUSSION
dawnpot
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December 24, 2016, 08:06:48 AM
 #319

Bitcoin mining is still profitable but the global hashrate is floating around its all-time high.The biggest factors determining profitability are equipment costs, the price paid for electricity and the value of the bitcoin you mine. Technically, it is profitable to mine. But you have to leave the bitcoins you mine in bitcoin, rather than convert them to dollars, because only an increase in the price of bitcoin will ever allow me to recoup your initial capital outlay. So just take it as an educational hobby, not a business.
el kaka22
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December 24, 2016, 01:41:26 PM
 #320

Right now, I'm planning to invest more or less $100 in HashNest since I've used their services before, but on a very very small scale.

$100 would get me about 1TH. Would it still be worth it? Based on some calculations, the ROI would be just under 90 days. Their prices are pretty stable.

Now if you have money or BTC , you can buy some mining machine for BTC . Don't invest into any cloudmining site. it wastes your time and losing your money.
Instead of buying mining machines why not be just buy bitcoins in this rally toward $1000 price levels, for some quick assured profits. I guess the cloud mining days are gone and to mine alt coins we need to consider many factors. So, instead of investing in mining, I like to stick within investing in bitcoins itself.


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