Mavricks
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Activity: 77
Merit: 10
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October 12, 2016, 04:07:05 AM |
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look for low diff coins with committed devs or community
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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fedoros
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October 14, 2016, 11:13:13 PM |
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I am sure reading several threads regarding mining that majorly its not a profit anymore. Unless government provide you subsidy.
Government Subsidy is not a profit. That is robbing one person to benefit another. Government subsidy is the last thing we need in Bitcoin. As to make a profit in Bitcoin one would have to mine and hold the coins until they increase in value. But that is hard to do with the amount of hardware required now. I completly agree with you. There is no place for Goverment in Bitcoin. Bitcoin - is the opposition, is the REVOLUTION!!!! Financial revolution. |
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bitkng
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Activity: 28
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October 15, 2016, 06:30:27 AM |
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I don't think mining is such a profitable task now due halving there very less profit margin
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X7
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Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
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October 15, 2016, 03:31:52 PM |
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Why every people say that? It is so difficult activity  Yeah it really is quite difficult, until we see some economic models that perhaps also execute another function, e.g. using it to heat your house. |
For what shall it profit a man, if he shall gain the world, and lose his own soul?
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Gimo
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October 17, 2016, 05:32:06 AM |
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I don't think mining is such a profitable task now due halving there very less profit margin
I also don't think is so profitable and do easy. Profitable perhaps but easy never. |
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mia_houston
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October 18, 2016, 12:53:20 AM |
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I don't think mining is such a profitable task now due halving there very less profit margin
Not really..which you can choose altcoin for mining and you must smart to choose altcoin when that coin will give you profitable.I see much altcoin which can give nice profit.. |
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Clement Kaliyar
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October 18, 2016, 04:07:28 AM |
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because every mining is uselss and full of loss and full of risk . there is always a chance to ran away the mining site any time without notice . hashocean mining is a best example of you topic that you have started .
Mining is not meant to be doing virtually without any hardware of your own,hashocean was a cloud mining site who aimed at scamming people and there are good cloud mining site,but it is not worth investing at this time. Mining has its own risk and you cant be a casual miner and think of earning a profit,first off you have to invest heavily for the ASIC miners if you are planning to make minning a profitable business or you can plan on mining alt coins which is less expensive than bitcoin mining. |
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kay5ive
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Activity: 67
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October 19, 2016, 12:51:10 PM |
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Why every people say that? It is so difficult activity mining of bitcoin is hard in these days |
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Abhbitcoin
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October 19, 2016, 03:35:25 PM |
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mining makes you happy ?  you create your own money |
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Mark02
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October 19, 2016, 08:59:48 PM |
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Why every people say that? It is so difficult activity mining of bitcoin is hard in these days Yes indeed. But right now it is worth to mine since the price of bitcoin is increasing constantly. Although the reward is halved. You can still get some profit as its price increases. You just need to properly configure the setting and choose the right rig for your mining process. Mining is a great to entertain yourself and make some money at the same time. mining makes you happy ? you create your own money Yeah, but it requires some advance technical knowledge for you to be able to earn money. Otherwise, you are just wasting money and effort. You are just happy without earning some money  hahaha |
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stephanirain
Sr. Member
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Activity: 756
Merit: 257
Freshdice.com
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November 14, 2016, 12:11:54 AM |
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Why every people say that? It is so difficult activity It is difficult because many mining sites are scam. Another reason is the electric consumption and the capacity of your gpu. |
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Zadicar
Legendary
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Activity: 1316
Merit: 1018
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November 14, 2016, 12:10:53 PM |
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Dont really know on what OP is referring to. Its either on hardware mining or cloudmining but well on talking on hardware mining its not really bad to do this thing as long you have the money to invest on and its much better compared on cloudmining site scams but you should consider the price of electricity first when you intend to mine on hardwares and check it if you are profitable or not.
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machinek20
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November 29, 2016, 11:33:57 PM |
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Whether cloudmining or real hardware mining is not really good investment for me, cloud mining is a scammed real mining now is so difficult to earn profit, i used to mine and able to earn some profit, but for now it is very hard to cover the electrcity expenses, my suggestion is to find another investment
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Zadicar
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Activity: 1316
Merit: 1018
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November 30, 2016, 06:11:50 AM |
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Whether cloudmining or real hardware mining is not really good investment for me, cloud mining is a scammed real mining now is so difficult to earn profit, i used to mine and able to earn some profit, but for now it is very hard to cover the electrcity expenses, my suggestion is to find another investment
Mining will not always be considered as not a profitable investment but i could say those cloud mining are just total trash and yet a waste of money but on hardware mining it really depends on some situations regarding on your operations. If you do have the money to spend or put on into this investment please consider first the important factors before proceeding.Make some calculations regarding on expenses between profits. |
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Chris01
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November 30, 2016, 09:27:24 AM |
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Make your own money
No gov or bank involved make you feel happy
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Chris01
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November 30, 2016, 09:35:43 AM |
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Btc is not profit these days. But you can mine other currencies
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tubexc (OP)
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November 30, 2016, 12:02:46 PM |
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Dont really know on what OP is referring to. Its either on hardware mining or cloudmining but well on talking on hardware mining its not really bad to do this thing as long you have the money to invest on and its much better compared on cloudmining site scams but you should consider the price of electricity first when you intend to mine on hardwares and check it if you are profitable or not.
I actually refer to the combination of the three strands in Bitcoin mining Hardware mining, Cloud mining and Hashrate rental ☺ |
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SaShiRaJaVu
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November 30, 2016, 12:15:22 PM |
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Make your own money
No gov or bank involved make you feel happy
you could write both at a time right Btc is not profit these days. But you can mine other currencies
Big miners are mining because they are not fools they are getting the profit and so is the reason they are mining. individual mining is not advisable for bitcoin |
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sobsitesearch
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December 02, 2016, 05:55:59 AM |
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Make your own money
No gov or bank involved make you feel happy
you could write both at a time right Btc is not profit these days. But you can mine other currencies
Big miners are mining because they are not fools they are getting the profit and so is the reason they are mining. individual mining is not advisable for bitcoin that is correct that for individual is not good to mine it is impossible to get profit because your capital is limited but if corporation do mining bitcoin and their capital is so big i think they can earn and also supply bitcoin in the community. |
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jvc12
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December 12, 2016, 06:42:13 AM |
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happy mining is very important when you have the full knowledge mining and also when your computers have high speed of calculating then you can be happy when mining, mining as it stand is means of making good money for once self so you have all it takes to be happy when mining.
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