Is investing in mining still worth it?

[Zadicar]

Well if you try to invest in cloud-mining there will be big risk in your investment there are many cloud mining that turn into scam now a days just stay away from that.but if you plan to build your own mining farm or rig make sure that you have low cost of power or maybe free source of power and internet and that's way it will give you a nice return with your investment.

CLoudmining  are  just a waste  of money  and  we should  not   really  invest  our  money on it  in the first  place  because they would surely end  up  on scam  because   they  are just  another   ponzi site as we all  know  that are scams. Having your  own  mining farm  is  no joke because you would need    huge amounts of  money   because  asic miners are expensive and   you should consider  on the electricity  cost  on your country.

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[TheGodFather]

If you are going to invest in cloud mining then it's better to do gambling than to invest your money and earning from your own money it's like you are doing some stupid things in your life. If you can't really do some good things then you should atleast goo with tradings investment in mining is not profitable with cloud mining i swear.

[ultrloa]

Well if you try to invest in cloud-mining there will be big risk in your investment there are many cloud mining that turn into scam now a days just stay away from that.but if you plan to build your own mining farm or rig make sure that you have low cost of power or maybe free source of power and internet and that's way it will give you a nice return with your investment.

CLoudmining  are  just a waste  of money  and  we should  not   really  invest  our  money on it  in the first  place  because they would surely end  up  on scam  because   they  are just  another   ponzi site as we all  know  that are scams. Having your  own  mining farm  is  no joke because you would need    huge amounts of  money   because  asic miners are expensive and   you should consider  on the electricity  cost  on your country.

Its no joke really since the profit you can get is depends on which country are you at and also the maintenance fee of your miner aswell as the electricity cost might be higher rather your proifts if you are living in the country who gots huge electrical cost, and its not easy to start up if you are planning to build that since mining difficulty is even got difficulter, and ponzi cloudmining is just scam and we should not invest on them.

[@prashant]

Mining is worthful only when you have good hardware support and try to mine new altcoin rather going for old ones.cloud mining is worst so it is better that everyone should avoid it.anf if you do not have good hardware than forget about mining any coin ,it will only consume electricity.

[rik3]

No Bro Mining is Not Profitable Now Because the Halving of this Year Passed and the Reward For Solving a Bitcoin Block is Halved and Now it Doesn't Cover Your Expenses.....
So I Suggest You to Don't Try Out Mining And Instead Of Mining I Suggest You to Do Trading Of You Can Also Do Some Other Business But Don't Do Mining......

[passwordnow]

Mining is worthful only when you have good hardware support and try to mine new altcoin rather going for old ones.cloud mining is worst so it is better that everyone should avoid it.anf if you do not have good hardware than forget about mining any coin ,it will only consume electricity.

But most of the people here doesn't have good hardware so it means that investing in mining is not going to be worth it at all. Because even you have good hardware, consumption of electricity is going to kill you. The monthly billing of your electricity is just the expenditures for your mining so that is not worth it at all, but it depends on your place if electricity there is cheap.

[Supercrypt]

Mining is worthful only when you have good hardware support and try to mine new altcoin rather going for old ones.cloud mining is worst so it is better that everyone should avoid it.anf if you do not have good hardware than forget about mining any coin ,it will only consume electricity.

But most of the people here doesn't have good hardware so it means that investing in mining is not going to be worth it at all. Because even you have good hardware, consumption of electricity is going to kill you. The monthly billing of your electricity is just the expenditures for your mining so that is not worth it at all, but it depends on your place if electricity there is cheap.

Yes, both initial investment for bitcoin mining hardware and running cost for it will not be in affordable as per current bitcoin price levels. Maybe situation will get changed when bitcoin gets more appreciation. I heard latest ASICs are very efficient against electricity consumption still growing bitcoin mining difficulty will change things over time.

[soros017]

I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.

[BitHodler]

I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.

It doesn't only look expensive, but building up a decent home level farm is indeed an expensive investment where you constantly need to invest into your farm due to the difficulty going higher and higher.

If you don't keep adding extra gear from time to time, then you'll fall behind significantly where you'll have a hard time even getting 75% of your initial investment amount back.

What is your budget if I may ask? And at what hardware have you been looking? What country you're from?

[Potato Chips]

Cloud mining is not even profitable cause most of them are just scam and doesn't really have a mining equipment.

Better try mining instead just make sure that you have the right equipment for it.  Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.

[serjent05]

Cloud mining is not even profitable cause most of them are just scam and doesn't really have a mining equipment.

Better try mining instead just make sure that you have the right equipment for it.  Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.

I agree, based on my experience since 2014, i never had a ROI in cloudmining.  The company tends to shutdown even before I have my capital returned.  With experience in mining, I think it depends on how much your electricity is.  Cheaper electricity will be more likely to have profit while those that have an expensive electricity  will never be able to maintain the mining operation.  With regards to renting hashes, it depends on the profitability of the coins.

[PokerFace3]

I agree, based on my experience since 2014, i never had a ROI in cloudmining.  The company tends to shutdown even before I have my capital returned.  With experience in mining, I think it depends on how much your electricity is.  Cheaper electricity will be more likely to have profit while those that have an expensive electricity  will never be able to maintain the mining operation.  With regards to renting hashes, it depends on the profitability of the coins.

I had different experience with the CEX, they have not shut down their mining process but temporarily stopped but before I was reaching ROI. Fortunately, I have recovered 50% of my investment only even after selling all the altcoins, I got like namecoin (these were too got mined along with bitcoin mining).
Hopefully, they will resume their services when bitcoin will be having $1000+ price levels.

[densuj]

I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.

Well i am sure about that, but if you are serious will building a bitcoins mining solar power make sure you have got the informations about the maintenance of hardware solar panel, maybe on your country it is profitable because on in my friends experience it was not profitable because of cost maintenance of hardware solar panel.

[crazyivan]

All this is BS talk. If you re capable to invest millions, then mining s something you should pursue since competition s really harsh. If not, if you d like to be a home miner, then build a few rigs and have fun, you ll probably make some money but this can't be your solid and constant source of income.

[Ocytrem]

Mining with altcoins is still worth it depending on which altcoin, mining bitcoins is in my eyes not really worth it anymore as fast mining method.

[wilson_bitbybit]

It depends on the capital and electricity costs. But I think it'll be too expensive, perhaps there are better chances for profits if you consider the possibility of mining some alts, as sugested before.
If you ask me which coin, there are people saying that ZClassic is profitable atm.

[JeffBrad12]

I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.

It doesn't only look expensive, but building up a decent home level farm is indeed an expensive investment where you constantly need to invest into your farm due to the difficulty going higher and higher.

If you don't keep adding extra gear from time to time, then you'll fall behind significantly where you'll have a hard time even getting 75% of your initial investment amount back.

What is your budget if I may ask? And at what hardware have you been looking? What country you're from?

Even, I was read on some reliable article about the solar plants building cost. I might have said if that's not suitable in my mind.
The minimum cost for building my own solar plant are $10.000 and it was taken over 20 years for ROI, but I call this just saving some of my monthly bills. The solar plant might not have worth in this time.

[Zadicar]

I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.

It doesn't only look expensive, but building up a decent home level farm is indeed an expensive investment where you constantly need to invest into your farm due to the difficulty going higher and higher.

If you don't keep adding extra gear from time to time, then you'll fall behind significantly where you'll have a hard time even getting 75% of your initial investment amount back.

What is your budget if I may ask? And at what hardware have you been looking? What country you're from?

Even, I was read on some reliable article about the solar plants building cost. I might have said if that's not suitable in my mind.
The minimum cost for building my own solar plant are $10.000 and it was taken over 20 years for ROI, but I call this just saving some of my monthly bills. The solar plant might not have worth in this time.

You hear about  solar roof used   on houses? Those even  cost  almost $8000  which means  it  would   took  up  long  to reach your  roi .  Hardware  mining would  be  profitable  only  if  the electricity  cost  on your country  is  cheap if  its expensive  then  dont  bother to do  mining  farms.  It would be useless and  just wasting  your  time and  money.

[Chizuo]

I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.

It doesn't only look expensive, but building up a decent home level farm is indeed an expensive investment where you constantly need to invest into your farm due to the difficulty going higher and higher.

If you don't keep adding extra gear from time to time, then you'll fall behind significantly where you'll have a hard time even getting 75% of your initial investment amount back.

What is your budget if I may ask? And at what hardware have you been looking? What country you're from?

Even, I was read on some reliable article about the solar plants building cost. I might have said if that's not suitable in my mind.
The minimum cost for building my own solar plant are $10.000 and it was taken over 20 years for ROI, but I call this just saving some of my monthly bills. The solar plant might not have worth in this time.

You hear about  solar roof used   on houses? Those even  cost  almost $8000  which means  it  would   took  up  long  to reach your  roi .  Hardware  mining would  be  profitable  only  if  the electricity  cost  on your country  is  cheap if  its expensive  then  dont  bother to do  mining  farms.  It would be useless and  just wasting  your  time and  money.

Ya your are right.Is not people don wan to mining on their own by for the person like me who live in country that charge High Cost Electricity for a month,mining is not recommended.The other alternative is solar energy that can generate electricity but the cost for build this is totally high.

[Frank Alister]

I put your question differently. What if no one engaged in mining? Mining is important because it continues the production of btc. I believe that it's till worth it someone to invest on mining but also I know that doesn't have many benefits but we specify how many and what benefits it will has for whatever we do.