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Legasean
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September 07, 2016, 04:25:25 PM |
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No its not worth it anymore because of the fact the halving has ruined this, you have too much electrical bills compared with what you got.
Its not profitable anymore these days so you should not do this anymore.
The halving indeed made it more difficult but I still think it can be profitable but its not so easy anymore, you need a very good plan to make it now profitable. Some people are still doing it right now and are making some profit so that is saying enough, its still possible. |
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Zadicar
Legendary
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Activity: 1330
Merit: 1020
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September 08, 2016, 04:16:51 AM |
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No its not worth it anymore because of the fact the halving has ruined this, you have too much electrical bills compared with what you got.
Its not profitable anymore these days so you should not do this anymore.
The halving indeed made it more difficult but I still think it can be profitable but its not so easy anymore, you need a very good plan to make it now profitable. Some people are still doing it right now and are making some profit so that is saying enough, its still possible. If mining is not already profitable then there were no miners indeed but as of now there are still miners which means its still profitable as same as you said and i think those miners which is profitable is those to have mining farms, in my own view if you mine just using 1 rig maybe it owuld not be profitable i guess. |
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x4
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September 08, 2016, 04:27:23 AM |
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i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky
Of course, ever since from the very first cloud mining is too risky, and its not recommended anymore because all of them become scam someday maybe not this day but its possible tomorrow as long as they reach their quota, they will stop paying to their members and the site will turn to scam. But sometimes others make this as a way of gambling, they gamble to a cloud mining site and tried there luck if they can get profit just like gambling a dice game. |
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JITENDERPAR3
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September 08, 2016, 04:48:23 AM |
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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.
since you will get a better profit of btc if site remain online after 90 days . but what if the site ran before 90 days , you will loss all your money and hope . here the best example of hashocean scam teaches us never invest in mining site . but still you are looking for mining . |
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shinratensei_
Legendary
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Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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September 08, 2016, 05:52:22 AM |
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No its not worth it anymore because of the fact the halving has ruined this, you have too much electrical bills compared with what you got.
Its not profitable anymore these days so you should not do this anymore.
The halving indeed made it more difficult but I still think it can be profitable but its not so easy anymore, you need a very good plan to make it now profitable. Some people are still doing it right now and are making some profit so that is saying enough, its still possible. If mining is not already profitable then there were no miners indeed but as of now there are still miners which means its still profitable as same as you said and i think those miners which is profitable is those to have mining farms, in my own view if you mine just using 1 rig maybe it owuld not be profitable i guess. Can you giving me some reliable data or calculate about the explanation how mining is not profitable in this time? |
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Barbut
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September 08, 2016, 07:57:31 AM |
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Without miners there would be no bitcoin, so its worth to some people. Price of electricity is not the same for everyone, price of bitcoin miner equipment is not so high for everyone. They must have good profit from all that when, when they are still in business.
I didn`t mean about cloud mining, that is 99 % a scam. Maybe it can last for month, maybe two, nobody knows when they will just disappear without a trace and with your money. I don`t invest in that kind of services, and its stupid to compare mining bitcoin with cloud mining.
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Bitcoinbro
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September 08, 2016, 03:28:42 PM |
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No now the halving has been done, its not really worth it anymore, you can still make profit but its not like it was back in the days, I would not recommend you it anymore.
Back in the days before the halving the profit was way better, you could have gained way more bitcoins than now..
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sishendaoye
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September 09, 2016, 08:18:53 AM |
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To be honest, I also do not think mining is profitable like it was before the halving, you can still do it now and make some profit but its less more than before.
The guy above me is also saying this and its right, you can still make some but not much anymore.. its a real pity.
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dmarine
Member
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Activity: 70
Merit: 10
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September 17, 2016, 11:22:41 PM |
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The hashpower concentration in a few hands and the mining diff are big problems lately . But I think if you have skills to lower the costs with equipment and electricity costs, it may be worth..
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arwin100
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September 18, 2016, 11:16:23 AM |
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No its not worth it anymore because of the fact the halving has ruined this, you have too much electrical bills compared with what you got.
Its not profitable anymore these days so you should not do this anymore.
The halving indeed made it more difficult but I still think it can be profitable but its not so easy anymore, you need a very good plan to make it now profitable. Some people are still doing it right now and are making some profit so that is saying enough, its still possible. If mining is not already profitable then there were no miners indeed but as of now there are still miners which means its still profitable as same as you said and i think those miners which is profitable is those to have mining farms, in my own view if you mine just using 1 rig maybe it owuld not be profitable i guess. Can you giving me some reliable data or calculate about the explanation how mining is not profitable in this time? In my opinion i think the halving tells that mining are not profitable for some countries that got an high electicity cost blocks are getting harder and harder to get thats why many people would really say that mining is not worth it nowadays, but if you think you are in low cost electicity country or using solar panel upon mining well maybe it could still profitable for since you can mine and mine as you want. |
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GermanFoobla
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September 18, 2016, 02:44:02 PM |
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No investing into mining is not so profitable anymore and I think because of that also not worth it anymore its just that its way too risky and you will gain not a lot anymore.
The bitcoin has a good future a head but the mining industry is not so good anymore these days since the halving!
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btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
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September 18, 2016, 04:47:51 PM |
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I recommend you to keep hold on bitcoin rather than invest on mining site which has their own risk. AFAIK all mining site will collapse, just a matter of time ! ...
The bitcoin has a good future a head but the mining industry is not so good anymore these days since the halving!
Bitcoin become more valuable so we must think smart on how we hold our precious bitcoin |
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demonicsheikh
Newbie
Offline
Activity: 57
Merit: 0
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September 18, 2016, 05:26:44 PM |
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I don't think investing in mining is worth anything now as its getting expensive day by day  |
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abhishek.g
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September 18, 2016, 05:54:35 PM |
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I believe its not worth it as you have hardly anything to rely on such sites or mining sources . What is important is the ROI you will get on mining . Recently there has been couple of mining sites which had huge audience and they got disappeared all of a sudden and it takes months to get what you invested .
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mrsalve
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September 19, 2016, 03:18:34 AM |
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If I put my money in any mining then it would be scrypt. Mining sites that offer ETH and DASH... with fixed period contracts then they are not worth it.
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Rockie1234
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September 20, 2016, 04:32:54 PM |
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The short answer is no.
I have encountered more cloud mining scams than "legit" websites. You can make money but you have to be very patient and hope the website doesn't exit scam within the several months it takes for you to earn back your investment.
Since the bitcoin halving, mining has only become profitable for huge farms. If you are looking to buy an ASIC for fun, that's not a problem, but remember your expenses wlll probably outweigh your earnings.
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newcoins1978
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September 20, 2016, 08:35:14 PM |
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The short answer is no.
I have encountered more cloud mining scams than "legit" websites. You can make money but you have to be very patient and hope the website doesn't exit scam within the several months it takes for you to earn back your investment.
Since the bitcoin halving, mining has only become profitable for huge farms. If you are looking to buy an ASIC for fun, that's not a problem, but remember your expenses wlll probably outweigh your earnings.
It's common knowledge today that bitcoin cloud mining made more scam operators rich then customers. Which says enough. Bitcoin mining operators use the pretense of cloud mining to make themself rich, without even thinking about their customers. It's not for good bitcoin PR. |
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Lokfar
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September 21, 2016, 09:08:58 PM |
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I don't think investing in mining is worth anything now as its getting expensive day by day No its not worth it anymore, the fact is that the bitcoin has a good worth but its not so good to be honest. Mining was back in the days very profitable but rigth now its not anymore, sometimes it cost more than the profit.. |
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Piltover
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September 22, 2016, 08:53:43 PM |
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i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky
Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore. Cloudmining are mostly ponzis too. |
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DomesticTrader
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September 23, 2016, 01:04:56 AM |
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i think cloud mining is a risky thing, for sure one day it will scam your money, i suggest you to take your money to invest it in other place, eventhough sometimes the return of profit is so tempting but i think i prefer go to investment which is slow but safe
if you are asking can the cloud mining making profit, then the answer is yes if you are lucky
Cloudmining is indeed not profitable anymore but I also thik that this is logical because of the fact that mining itself is also not profitable anymore. Cloudmining are mostly ponzis too. Its not profitable and I also think it never ben really profitable because of the fact its just mining. In the beginning of the bitcoin it was really interesting but right now its not anymore at all to be honest. |
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