bitcoin mining

[veleten]

is mining profitable still?
short answer-no
long answer noooooooooooooooo
the only scenario it can be profitable is if you buy gear now and bitcoin price goes through the roof in the next few months
but you can buy a couple of s7 or s9 and quietly (not so much with s9,as it roars like a beast) mine some coins for your personal needs

[shield132]

is mining profitable still?
short answer-no
long answer noooooooooooooooo
the only scenario it can be profitable is if you buy gear now and bitcoin price goes through the roof in the next few months
but you can buy a couple of s7 or s9 and quietly (not so much with s9,as it roars like a beast) mine some coins for your personal needs

If mining isn't profitable, than was BitFury silly to opened one of the biggest datacenter in georgia? Or do you want to say that they can't imagine what will happend after halving?

Mining Profitable depends on electricity and hardware, please don't talk only about antminer, there are more companies which sells mining rigs but most of them don't sells and tries mining theirself. Some days ago I found one mining hardware which was very profitable even if you use high cost energy, if I amn't wrong it was Baikal miner or something like this.

[pedrog]

is mining profitable still?
short answer-no
long answer noooooooooooooooo
the only scenario it can be profitable is if you buy gear now and bitcoin price goes through the roof in the next few months
but you can buy a couple of s7 or s9 and quietly (not so much with s9,as it roars like a beast) mine some coins for your personal needs

If mining isn't profitable, than was BitFury silly to opened one of the biggest datacenter in georgia? Or do you want to say that they can't imagine what will happend after halving?

Mining Profitable depends on electricity and hardware, please don't talk only about antminer, there are more companies which sells mining rigs but most of them don't sells and tries mining theirself. Some days ago I found one mining hardware which was very profitable even if you use high cost energy, if I amn't wrong it was Baikal miner or something like this.

It was probably a scam.

KNC made their own hardware and datacenters and they didn't make it, it's a though business even for knowledgeable people imagine if you're a new to it...

[RocketSingh]

is mining profitable still?
short answer-no
long answer noooooooooooooooo
the only scenario it can be profitable is if you buy gear now and bitcoin price goes through the roof in the next few months
but you can buy a couple of s7 or s9 and quietly (not so much with s9,as it roars like a beast) mine some coins for your personal needs

If mining isn't profitable, than was BitFury silly to opened one of the biggest datacenter in georgia? Or do you want to say that they can't imagine what will happend after halving?

Mining Profitable depends on electricity and hardware, please don't talk only about antminer, there are more companies which sells mining rigs but most of them don't sells and tries mining theirself. Some days ago I found one mining hardware which was very profitable even if you use high cost energy, if I amn't wrong it was Baikal miner or something like this.

It was probably a scam.

KNC made their own hardware and datacenters and they didn't make it, it's a though business even for knowledgeable people imagine if you're a new to it...

Do u mean BitFury is a scam?

[pedrog]

is mining profitable still?
short answer-no
long answer noooooooooooooooo
the only scenario it can be profitable is if you buy gear now and bitcoin price goes through the roof in the next few months
but you can buy a couple of s7 or s9 and quietly (not so much with s9,as it roars like a beast) mine some coins for your personal needs

If mining isn't profitable, than was BitFury silly to opened one of the biggest datacenter in georgia? Or do you want to say that they can't imagine what will happend after halving?

Mining Profitable depends on electricity and hardware, please don't talk only about antminer, there are more companies which sells mining rigs but most of them don't sells and tries mining theirself. Some days ago I found one mining hardware which was very profitable even if you use high cost energy, if I amn't wrong it was Baikal miner or something like this.

It was probably a scam.

KNC made their own hardware and datacenters and they didn't make it, it's a though business even for knowledgeable people imagine if you're a new to it...

Do u mean BitFury is a scam?

I meant the "Some days ago I found one mining hardware which was very profitable even if you use high cost energy"...

[shield132]

is mining profitable still?
short answer-no
long answer noooooooooooooooo
the only scenario it can be profitable is if you buy gear now and bitcoin price goes through the roof in the next few months
but you can buy a couple of s7 or s9 and quietly (not so much with s9,as it roars like a beast) mine some coins for your personal needs

If mining isn't profitable, than was BitFury silly to opened one of the biggest datacenter in georgia? Or do you want to say that they can't imagine what will happend after halving?

Mining Profitable depends on electricity and hardware, please don't talk only about antminer, there are more companies which sells mining rigs but most of them don't sells and tries mining theirself. Some days ago I found one mining hardware which was very profitable even if you use high cost energy, if I amn't wrong it was Baikal miner or something like this.

It was probably a scam.

KNC made their own hardware and datacenters and they didn't make it, it's a though business even for knowledgeable people imagine if you're a new to it...

Do u mean BitFury is a scam?

I meant the "Some days ago I found one mining hardware which was very profitable even if you use high cost energy"...

At first I thought you said it about BitFury.
Do you heared anything about baikal miner? And as I know Baical Miner's company isn't scam but their miners are very expencive, their cost starts from 500$ and up, on amazin you can buy it in 800$.

I personally don't have experience with this miner but the company as I know isn't scam but now I wouldn't risk to pay 500-800$ on it.

You can find more information here: https://www.dash.org/forum/topic/hardware-discussions-asic-gpu-cpu.101/  or here: https://bitcointalk.org/index.php?topic=1568973.0

[pedrog]

At first I thought you said it about BitFury.
Do you heared anything about baikal miner? And as I know Baical Miner's company isn't scam but their miners are very expencive, their cost starts from 500$ and up, on amazin you can buy it in 800$.

I personally don't have experience with this miner but the company as I know isn't scam but now I wouldn't risk to pay 500-800$ on it.

You can find more information here: https://www.dash.org/forum/topic/hardware-discussions-asic-gpu-cpu.101/  or here: https://bitcointalk.org/index.php?topic=1568973.0

Well, it may not be a scam but it's still a bad deal, it may be profitable right now at current coin values but in a few months who knows, and you need almost a year just to recover the investment, at current market values...

[Docnaster]

I just want some advise, is it profitable to venture into Bitcoin mining? Thank you in advance and God bless.

Bitcoin Hardware mining is not really profitable nowadays you need atleast much more powerful hard ware when it comes of mining, If you really want to risk your money in bitcoin then why you don't try to learn more about trading and focus on that. It's more profitable that your planning to mine a bitcoin just in my opinion it's up to you if your going to do it or not.

[ZACHM]

The OP asked if Bitcoin mining is profitable. I'm not sure why so many people mentioned cloud mining, that is not Bitcoin mining, it is investment with a company that is mining Bitcoin. And more often than not a bad investment.

But, to answer the original question:
It depends. There are many variables that go into that equation.
For Bitcoin mining at home, the primary variable is cost of electricity.
First answer that and then go from there.

[leowonderful]

At first I thought you said it about BitFury.
Do you heared anything about baikal miner? And as I know Baical Miner's company isn't scam but their miners are very expencive, their cost starts from 500$ and up, on amazin you can buy it in 800$.

I personally don't have experience with this miner but the company as I know isn't scam but now I wouldn't risk to pay 500-800$ on it.

You can find more information here: https://www.dash.org/forum/topic/hardware-discussions-asic-gpu-cpu.101/  or here: https://bitcointalk.org/index.php?topic=1568973.0

Well, it may not be a scam but it's still a bad deal, it may be profitable right now at current coin values but in a few months who knows, and you need almost a year just to recover the investment, at current market values...

Baikal has sold to many people and they have confirmed that their products work. It's just a matter of getting their miners, which can be difficult since they cost so much. It's an interesting product, though, and I'll probably buy one to mess with once they go down in price.