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Author Topic: Bit coin mining  (Read 682 times)
skalarax (OP)
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June 18, 2017, 01:12:49 PM
 #1

Is it worth mining bit coins anymore?
or is it better to use the range of gambling sites and stuff?
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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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June 18, 2017, 01:16:37 PM
 #2

Not really a useful question.  Bitcoin mining in the long term will always end up being just about profitable, depending on your electricity and conditions as well as the hardware you buy (and whether the price has just shot up loads, in which case the difficulty takes a while to catch up and vice versa).

It's worth it if you can afford to buy several ASICs and a good place to keep them, and you can handle maintaining them for a couple years.  Otherwise, not really.


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June 18, 2017, 01:21:43 PM
 #3

if you are interested in mining then it is best to start mining altcoins instead of bitcoin because despite their risky and volatile price, these altcoins have pretty low difficulties compared to bitcoin and it is much easier to mine them instead.

but make sure to calculate your costs versus earning before wasting your time. here is a useful website: https://www.coinwarz.com/
also make sure to read the 2 mining boards.

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June 18, 2017, 01:52:00 PM
 #4

Is it worth mining bit coins anymore?
or is it better to use the range of gambling sites and stuff?
Mining a coin? It sounds like fiction. Or are you intending to do that with bicoin? You can make money from bicoin but it is not mine to exploit. Make money is also an art, not everyone knows how to make money or mining bicoin. Try to do more.





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Heyyyrenz
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June 18, 2017, 05:02:27 PM
 #5

If you want sure money you should go invest into mining either real mining the one that uses your own CPU or GPU to mine but your computer may overheat and destroy but the advantage of this is that you don't need to invest money to make your own satoshis, second is the cloud mining you're going to rent a SHA to use and some of the sites have very expensive renting fees but the advantage of this is that you can leave your computer without damage and sleep while earning. But if you want fast money but not 100% sure if it will double you can try gambling but you should know what risk are you going to face one of this is that you're going to lose all what you have invested.
skalarax (OP)
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June 19, 2017, 04:31:32 AM
 #6

Thanks guys
QuintLeo
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June 19, 2017, 08:35:23 AM
 #7

Way too many variables to say "yes" or "no" - and this has been discussed in many previous threads.

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June 19, 2017, 07:13:34 PM
 #8

Interesting! mining seems to be dead except for those who are willing to invest time, formulate tricks alongside a proper hardware.
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June 19, 2017, 09:11:12 PM
 #9

Bitcoin Price grow up day by day because mining fee increase because if you don't give more fee then your transaction is complete  with long time. For that you have to you give more fee to complete your transaction. and the miner get more profit form mining reward. After that  everyone increase use bitcoin  for that grow price day by day and also increase mining fee. So You Must be Profitable Form Bitcoin.
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