Is investing in mining still worth it?

[el kaka22]

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.

But I believe the things will get changed once bitcoin will get higher price levels. The biggest reason why mining is not profitable, (other than the competition) the price levels of bitcoin. I agree when bitcoin prices will be growing, the competition (hash rate) also will grow, still you will get chances to make profits from mining. Get ready with your ASICs.

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[Bitcoinbro]

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.

You are right about it, its not worth investing it right now, I think its better to not just invest in such sort things right now.
The fact is that they are where ponzi's so I think that is already saying enough if I have to be honest.

[newcoins1978]

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.

You are right about it, its not worth investing it right now, I think its better to not just invest in such sort things right now.
The fact is that they are where ponzi's so I think that is already saying enough if I have to be honest.

I also would not invest any money right now into such websites most of them are scammers or start scamming after a while.
I think that you can better invest in something else like a bitcoin casino or something.

[crairezx20]

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.

You are right about it, its not worth investing it right now, I think its better to not just invest in such sort things right now.
The fact is that they are where ponzi's so I think that is already saying enough if I have to be honest.

I also would not invest any money right now into such websites most of them are scammers or start scamming after a while.
I think that you can better invest in something else like a bitcoin casino or something.

I think its good to invest buy your own miner rig mine altcoin that you can make more profit than mining in bitcoin.
This is more safe than investing in any site many promises but scam.. if you have a mining rig you can mine altcoin any altcoin that can be profitable..

[iv4n]

Lets make it clear, OP headline was investing in mining. I think its good to invest in mining, if you live in place where electricity is cheap, if you have fast access to mining equipment, and money to buy all that.
Cloud mining services on other hand are like gambling, you give your money, and all you can do is wait. If you have luck you will make some profit, if not site will crash, and you will lose all you invested there. People should stay away from cloud mining, in the end they will disappear with money. That is the truth about all cloud mining services. Just the lucky ones in beginning have some profit.

[Fatanut]

I don't think it is. The halving just passed and the difficulty was doubled. A lot of rich people have invested on Bitcoin mining, do you think that you can get to their level? Even if you use all of your money right now, you'll never get on to the level of the miners that has a big portion on the total mining power. There's a lot of other investments that you can do like altcoin trading, you shouldn't lock yourself on the idea of mining. Explore other stuffs.

[DavidoAlto]

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

[bhadz]

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Me either, I don't think investing in mining is not going to be profitable anymore because the competition of miners are tough already and what you need to do if you wanted to become profitable in mining. You need to setup a mining farm in able to get some good weekly profit in mining and you must have a lot of bitcoins to do that.

[lumeire]

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Home mining is pretty much dead ages ago, only a small percentage of enthusiasts can mine profitably.

I've heard BitMain is trying to revive home mining, has anyone tried their new hardware?

[BitHodler]

I honestly do not think that investing into the bitcoin mining is worth it anymore, back in the days it was very profitable but right now its not anymore and only the very big miners are still making some profit but these are also paying a lot of money for hardware and stuff.

Home mining is pretty much dead ages ago, only a small percentage of enthusiasts can mine profitably.

I've heard BitMain is trying to revive home mining, has anyone tried their new hardware?

You can do the calculations yourself.

If you buy the Antminer S9-B15 which delivers you 12.93TH/s, you'll be able to earn as follow;

Current difficulty
Per day: ~0.01347BTC ~$8.16
Per week: ~0.09434BTC ~$57.10
Per month: ~0.4102BTC ~$248.50

Of course you also have to take in mind your electricity prices.

The price of one of these miners is $1540 or 2.561BTC.

[AlexBits]

Investing in the bitcoin is worth it really but investing it into mining is not good right now because there can not be made any profit with it anymore.
It would be a bad investment if you are asking me.

[Kettler]

I Don't think it's profitable to invest in mining anymore and most cloudmining sites are scam too. I think It will be good to invest to some big and legit casino sites instead.

If you know how to build computer, you can build the mining rigs for the altcoin mining. It is still profitable.

[BingoDog]

I can't say from the first hand because I don't do mining but people I know that are into it are saying thi is no longer profitable unles you have like mining farm. Beware also of cloud mining, many people ended up scamed. But mining some altcoins could be something worth investing.

[praprata]

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.

Right about that, cloudmining is not worth it anymore but I also think that normal mining on a small scale is not worth it anymore because the profit is pretty low.
I think that its not worth it and that you also have to invest a lot to do it...

[NordicRanger]

Investing in mining is not worth it anymore but I already knew it was not worth it anymore, its something that was profitable but not anymore due to the halving.

[Erzatium]

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.

It has been popular to do and it was profitable, it even was very profitable but the fact was that with all these halvings right now its not worth it anymore for small company's or miners.

[Supercrypt]

It has been popular to do and it was profitable, it even was very profitable but the fact was that with all these halvings right now its not worth it anymore for small company's or miners.

But I believe that mining will again get its popularity when bitcoin prices just get doubled.

Yes, as you are mentioned after halving only very big companies are affording to mine by managing the running costs of mining process. But, personally I do believe once bitcoin prices climb up, mining process will again come into profit zone. So, it will regain its popularity and that is going to happen in real soon.

[Chrismeister]

Investing into the bitcoin can be good but I think its not worth it anymore in mining because of the fact that there has been done halving and due to that its not worth it anymore.
There is almost no profit anymore in it.

[JeffBrad12]

Investing into the bitcoin can be good but I think its not worth it anymore in mining because of the fact that there has been done halving and due to that its not worth it anymore.
There is almost no profit anymore in it.

here you are

Before 2 BTC for a day and price is $300 and after halving 1 BTC and $600 and what the different of that, this is always same and still with at this time.

[yakdivine]

Mining bitcoin are one of best way of making money online, though mining bitoin is capital intensive and from what I learned,mining is not suitable in most of the country that has expensive electricity. Now am study on way to mining bitcoin with minimal Electricity cost