Bitcoin Price 1200 USD Means - Bitcoin Mining Is Profitable, Even For Beginners

[molsewid]

Did minning is good sollution for beginner to earn btc? Because i read some thread and it explain need much cost to minning bitcoin.

Really i just can't believed tat beginner can start mining bitcoin for real without a good learning how to start a mine ? Some of mining will cost $2000 to $3000 dollars but for those newbie i recommend that use faucet instead of thinking about money there are many ways on how can earn bitcoin with less experience all can learn by the time past.

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[Etanllah]

It's still way to risky to try mining for Bitcoin...in my opinion at least. It will take a few months (at least) to try to earn back enough BTC to pay off the hardware. The big issue is that SO MUCH can happen in the crypto world that it becomes risky.

You're essentially better off buying BTC with whatever money you would have spent on mining hardware.

Again, in my opinion.

[earningtrend]

Bitcoin mining is always profitable if you have high tech equipment. Price is growing and growing day by day some of experts predict the price will rise upto 2000$ per bitcoin end of 2017

[odolvlobo]

Bitcoin mining is always profitable if you have high tech equipment.

Absolutely false. Even with "high tech equipment", it is only profitable if the cost of electricity is low enough.

[earningtrend]

Bitcoin mining is always profitable if you have high tech equipment.

Absolutely false. Even with "high tech equipment", it is only profitable if the cost of electricity is low enough.

The high tech equipment give you good profit and you will cover all your electricity expense with profit.

[jmigdlc99]

It's still way to risky to try mining for Bitcoin...in my opinion at least. It will take a few months (at least) to try to earn back enough BTC to pay off the hardware. The big issue is that SO MUCH can happen in the crypto world that it becomes risky.

You're essentially better off buying BTC with whatever money you would have spent on mining hardware.

Again, in my opinion.

I respect opinions like this but realistically, any newbie can try and mine bitcoin without much risk (e.g. if they already own a decent GPU).

Besides, most if not all predictions/analysis/projections point towards the fact that bitcoin price is rising and will continue to rise. Where is all the negativity and skepticism coming from?

[Vishnu.Reang]

Mining rigs are quite expensive. Actually I was planning to buy a few, but then I gave up the plans after finding out that the equipment is extremely expensive. On top of the rigs, we need to find money for electricity and cooling equipment. So instead of purchasing mining equipment, I directly purchased BTC from an exchange site.

[InvestorCol]

I don't think so, unless you already have all the miners ready and some free power you're not going to see profit.

[Mike Mayor]

Yes but when the price goes up it's because the difficulty goes up too and the amount of miners so it's not fair to say that. I think it is a much better idea to mine altcoins or even to rent miners is better. Mining you must worry for electric costs and if the miner breaks you pretty much screwed. Make sure there is no downtime. Unless you doing it in Mass the pain of running a farm is not worth it.