Is investing in mining still worth it?

[tabas]

It's not worth it. It wasn't worth it last year too. Mining won't get you more coins compared to buying and holding and the risk of a fire, theft or any other equipment failure is too great. It would've been different if the hardware sellers provided some kind of a warranty, but they don't and people are still buying their product like crazy. What would you do if a store you bought your pc from told you there's no warranty? I bet you'd never buy it.

What kind of store that either that doesn't provide for the pc that you'll buy with them. It's a protocol to all stores that they need to provide warranty for their consumers, you can make some complaints to the Trade Bureau in your country for that store. And with mining, it is a fact that it is not worth it to invest with it, unless your electricity is free and your hardware is not that expensive enough to buy.

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[justdimin]

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.

I think you should invest with only small amount so that, if ever that mining is scam, it is not much lost. Also, if you really want to invest on mining, ask its users and some reviews. Most of mining bitcoin nowadays tend to scam many people.

I don't think that is how people invest in mining because you can easily be stolen money from those sites. If you want to have a true investing, you need to contact mining experts and ask them how to set up your own mining system. The ROI would be 6 to 8 months but you will never be scamed. Try to stay away from Cloud mining, they are definitely scammers

Yes, doesn't matter the amount invested, big or low amount, you won't see any profit on it. The cloud mining initially, offers a average income that could result in a 1 year ROI. But as their income lower each new day, at some point this is impossible to happen. So, investors never know when they will hit ROI or if they will really hit ROI...

For the same reason I always prefer mining my own than asking a site to mine for me. Think logically, why would a site mine for you and give you higher amount of coins ? Simply makes no sense as they would take fees. Plus there is a risk that the cloud mining site might be ponzi too

[Eric Mu]

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.

I think you should invest with only small amount so that, if ever that mining is scam, it is not much lost. Also, if you really want to invest on mining, ask its users and some reviews. Most of mining bitcoin nowadays tend to scam many people.

I don't think that is how people invest in mining because you can easily be stolen money from those sites. If you want to have a true investing, you need to contact mining experts and ask them how to set up your own mining system. The ROI would be 6 to 8 months but you will never be scamed. Try to stay away from Cloud mining, they are definitely scammers

Yes, doesn't matter the amount invested, big or low amount, you won't see any profit on it. The cloud mining initially, offers a average income that could result in a 1 year ROI. But as their income lower each new day, at some point this is impossible to happen. So, investors never know when they will hit ROI or if they will really hit ROI...

For the same reason I always prefer mining my own than asking a site to mine for me. Think logically, why would a site mine for you and give you higher amount of coins ? Simply makes no sense as they would take fees. Plus there is a risk that the cloud mining site might be ponzi too

It is logical for me as a miner hosting service provider though - investing in a facility is cheap compared with the cost of hardware miners. I invested USD 25k to build up my one-megawatt facility; but if I want to fill it up with S9s, that would be 1 million dollars. It just makes sense to rent the capacity to people to take full advantage of the capacity.

[btcdiggingmaster]

It is not good to invest in cloud mining because they will buy hardware with our money, they will start mine bitcoin for many years and they will send only some % to us, it will take lot of time to get your returns may be it will take nearly more than one year and suppose in between what will be company status nobody don't know. Too risky.

[crazyivan]

Investing into building mining rigs can still bring you some profit IF you have cheap electricity, around 5-6 cents per kwh. Anyone above that is big risk and I would not touch it.

[Eric Mu]

Investing into building mining rigs can still bring you some profit IF you have cheap electricity, around 5-6 cents per kwh. Anyone above that is big risk and I would not touch it.

What do you mean "building mining rigs"? Do you mean building and reselling GPU miners - quite clear that it is not feasible for ASIC

[stark101]

In my opinion, yes investing mining is still worth it and profitable. It is profitable, which is why so many people are doing it and global hashrate  is floating around its all-time high. But every two weeks the mining difficulty is adjusted, which has the effect of keeping mining right on the razors edge of profitable. The biggest factors determining profitability are equipment costs, the price paid for electricity.

[Kettler]

Investing into building mining rigs can still bring you some profit IF you have cheap electricity, around 5-6 cents per kwh. Anyone above that is big risk and I would not touch it.

What do you mean "building mining rigs"? Do you mean building and reselling GPU miners - quite clear that it is not feasible for ASIC

I think he means buy the ASIC and mine. If your electricity is just 5c per kWh, that will be quite profitable.

[mbuk81]

in cloud mining then not really as you might only make a small profit so if that ok with you then yes but it better to buy your own mining equement   yes it cost more but at least you now you not making someone eles some free money so I say it not worth it and if you want to invest you $100 on somethink else that might mae your more money like loans.

[mrcash02]

In my opinion, yes investing mining is still worth it and profitable. It is profitable, which is why so many people are doing it and global hashrate  is floating around its all-time high. But every two weeks the mining difficulty is adjusted, which has the effect of keeping mining right on the razors edge of profitable. The biggest factors determining profitability are equipment costs, the price paid for electricity.

Why does it worth? If you just hold your BTCs for some time you will make a higher profit than investing in such sites. People are always investing on it, but they are always complaining about it later too. They think it's possible to earn a decent passive income "lifetime", that is why they are investing on it, but when they know the reality of the facts, they regret a lot.

[TastyChillySauce00]

In my opinion, yes investing mining is still worth it and profitable. It is profitable, which is why so many people are doing it and global hashrate  is floating around its all-time high. But every two weeks the mining difficulty is adjusted, which has the effect of keeping mining right on the razors edge of profitable. The biggest factors determining profitability are equipment costs, the price paid for electricity.

Why does it worth? If you just hold your BTCs for some time you will make a higher profit than investing in such sites. People are always investing on it, but they are always complaining about it later too. They think it's possible to earn a decent passive income "lifetime", that is why they are investing on it, but when they know the reality of the facts, they regret a lot.

Some people don't have patience to always keep holding their bitcoin because sometimes waiting for the price rising took an age. And mining is really worth it if you build your own rig at your home and try to mine a coin which has pretty easy difficulties and having decent value. It's just about how you can manage to make the profit out of your investment. If you looking for a safe zone then just hold your bitcoin maybe investing is not suited well for you

[JANGKRIK BOSS]

in cloud mining then not really as you might only make a small profit so if that ok with you then yes but it better to buy your own mining equement   yes it cost more but at least you now you not making someone eles some free money so I say it not worth it and if you want to invest you $100 on somethink else that might mae your more money like loans.

Yes I agree, too many problems when we investing to cloud mining, according my experiences invested in some cloud mining need more than a year to get RoI. Sometimes I don't know, why if the price increase but the result is down without reasons.

[BreakingSlow]

It can be worth it but its really depending on what you are mining altcoins are still profitable but mining bitcoins is not at all for sure!!

[Evansloin]

It can be worth it but its really depending on what you are mining altcoins are still profitable but mining bitcoins is not at all for sure!!

I agree mining is still worth it, every dollar but not anymore with the bitcoin because its just going to slow and will cost you more electricity too.. not worth it anymore due to that, for altcoins there is still hope.

[Dwetha]

Mining is still worth it but the fact is that you should indeed not doing it anymore for the bitcoin itself its just not profitable anymore with it, for altcoins its pretty profitable if you are having some good mining equipment.

[Zadicar]

Mining is still worth it but the fact is that you should indeed not doing it anymore for the bitcoin itself its just not profitable anymore with it, for altcoins its pretty profitable if you are having some good mining equipment.

You are right and now i really consider that thing regarding on mining nowadays i think mining altcoin would be the best alternative and i dont have any interest on bitcoin mining anymore since the difficulty is already high to consider even how good the miner you have.Investing on cloudmining is risky.

[Ereacia]

Investing is worth it but you need some good equipment and the right altcoin to do this, if you have this it is worth it but you should also not blindly invest in it by the way.

[dhampir-D]

Mining is still worth it but the fact is that you should indeed not doing it anymore for the bitcoin itself its just not profitable anymore with it, for altcoins its pretty profitable if you are having some good mining equipment.

There are many variables that, depending on the miner's situation, may facilitate or hinder the process. There are factors related to equipment costs, maintenance, electricity, and other factors that some people ignore, such as equipment shipping costs. This means that those who live near suppliers, generally have a competitive advantage.

[mkmdoc]

Yes you can make good money but you have to wait some time in order to make good money, For that you need to spend more money on equipment, electricity, fees etc. Once you are fine with all these then you will make some money in long run, but you need to do complete calculation before buying any equipment.

[dawnpot]

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.