Should we risk mining bitcoins ?

[BlueStackz]

I think we can calculate how much we get with the hardware we have. While you have good hardware and it produces well, I think it remains an advantage.

Mining gives huge profit as far as the electric bill is under control and the processors used have really a good speed. In order to handle large number of transactions, speed and processing power are required greatly. I think it is worth trying and a better way to earn bitcoins than Signature Campaign.

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[Psalms23]

Well it depends on your country.  If you have access to cheap electricity and hardware, then you should go and risk mining.  These factors are very important obviously, its just calculating profit.  I suggest man ng alt coins becaase they are easier unlike btc which has gotten very difficult to mine.

[traderethereum]

Well it depends on your country.  If you have access to cheap electricity and hardware, then you should go and risk mining.  These factors are very important obviously, its just calculating profit.  I suggest man ng alt coins becaase they are easier unlike btc which has gotten very difficult to mine.

i am agree with you because without cheap electricity, we can not mining properly beside that, we are gonna waste our collecting coin to pay the electricity fee. i have a friend that still mining bitcoin but fortunately he can mining with cheap price because he is using solar panel but i don't know how much budget to build that.

[leonair]

i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?

You can if you can, most of the Bitcoin miners right now has a massive amount of miners when it comes to tera hashes and hardware powers. Entering the scene for Bitcoin mining now with your own household will make you a negative profit instead of a positive because of the hardware that is so expensive with so long of return of investment.

[josucoin]

I believe it is more feasible, the expense is very high. Only with a high investment is it worth it, but I believe there are other ways to invest in the market without having to mine. Especially if a person wants to invest moderately.

[Rinaze]

Hmmm.. I assume the question points toward ASIC mining. I personally think the risk is for sure there but since the industry is still in the early adapter stage, it might just be worth it depending on the amount of capitals you are willing to come out with.

[datodota002]

i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?

i think mining cryptocurrency is not high risk because mining always produce coin, you just take risk for buying equipment like high end GPU and CPU or Asic Miner, and you have to calculate your electric and internet bill, after all of that you can choose what coin you want to mining, if all done take a sit and drink your coffee.

[ardentvolcanoes]

i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?

i think mining cryptocurrency is not high risk because mining always produce coin, you just take risk for buying equipment like high end GPU and CPU or Asic Miner, and you have to calculate your electric and internet bill, after all of that you can choose what coin you want to mining, if all done take a sit and drink your coffee.

the numbers of days that you will able to returned your investment is also needed to take some considerations mate as we knew that crypto isn't stable
and mining bitcoin will be more harder than we think after some months again so knowing how long it will take to put back your investment is a must..

[bitcoinsocial09]

i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?

For a beginner, i guess it is a risk anyone can take. But if you are serious on doing bitcoins to earn a lot of money. We should stick on doing tasks for bitcoins rather than waiting every hour for free bitcoins. Mining bitcoins for me is not that risky, but different sites on the other hand confuses other users what is real and what is a scam. Which nowadays is very common for other who wants bitcoins from other users through asking for bitcoins as a fee of giving free bitcoins which is actually a bit stupid.

[malikusama]

It depends upon your financial and electrical power resources. If you are able to manage the cost of mining hardware and electricity bill with your earning through mining than go for it, but if you can't manage or can't afford it than never go for it.

[yishak]

No I don't think bitcoin mining is profitable unless you have electricity fees very cheap or unlimited . I suggest you try to mine other  cryptocurrency like Dogecoin, Litecoin etc. But you will be more profitable if you bought cryptos rather than mining.

[rebel92]

i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?

it's 2017 and Bitcoin is still going strong.  It has no end in sight and it's not going to be regulated like this guy fears, or slowed down because it's peer to peer.
There's no server it's stored on, no middle man, no bureaucracy to hinder it. but there are so many cryptocurrencies, bitcoin would be the last i would mine, he need a large rig in order to get anything from it.

[eaLiTy]

i will love to hear opinions from everyone, do you think its worth it? should we risk mining the cryptocurrency ?

The risk depends upon what kind of investments you are planning to do and what coins you are looking to mine at the moment,it all depends upon the difficulty level of each coin and finding the best coin to mine at this specific moment is the key to success,mining bitcoin at this time is not profitable but there are other alt coins which can give you a good profit and with time these opportunities gets lesser,so if you plan on mining some coins make sure you do that after learning about the profitable and difficulty level of the coin you have in mind.

[Paycoinzzz]

I believe it is more feasible, the expense is very high. Only with a high investment is it worth it, but I believe there are other ways to invest in the market without having to mine. Especially if a person wants to invest moderately.

Mining Bitcoins just for rich man, big business, company, etc ...
If you are small investor, join to this field just make you waste your time and the profit from it cannot helps you get rich.
Because miner is people want create passive income, you also understand passive income always need huge money for creating.

[ProzCoin]

Well it depends on your country.  If you have access to cheap electricity and hardware, then you should go and risk mining.  These factors are very important obviously, its just calculating profit.  I suggest man ng alt coins becaase they are easier unlike btc which has gotten very difficult to mine.

mining is not very risky if you know clearly about bitcoin and the cryptocurrency. In my country, people are not very smart and the only thing they can do is to follow the trend and buy mining rig without any knowledge. The only crypto they can mine is ethereum. Can you believe that? SOon, ethereum will change to POS and no one can mine this coin with hardware anymore

[Gheka]

I believe it is more feasible, the expense is very high. Only with a high investment is it worth it, but I believe there are other ways to invest in the market without having to mine. Especially if a person wants to invest moderately.

Mining Bitcoins just for rich man, big business, company, etc ...
If you are small investor, join to this field just make you waste your time and the profit from it cannot helps you get rich.
Because miner is people want create passive income, you also understand passive income always need huge money for creating.

Yeah, we will need a huge capital to buy the equipment for the bitcoin mining and we will also need to wait a long time to recover the capital, during that time, we need to face the cost of electricity, repair equipment damage, mining has a lot of problems to solve, if we do not have money and not enough patience, the best is that we should avoid it. Many people are involved in this field but the number of successful and profitable long-term people is very low

[usman.temuri]

If you're going to invest, you have to invest low don't do high. You need much knowledge about bitcoin other wise you're wasting your time

and money.

[Titanos]

Bitcoin mining is very costly and no more great rewards like before.

[emberbekas]

No I don't think bitcoin mining is profitable unless you have electricity fees very cheap or unlimited . I suggest you try to mine other  cryptocurrency like Dogecoin, Litecoin etc. But you will be more profitable if you bought cryptos rather than mining.

Yes, electricity is one of the main problem nowadays. Recently in my place, the electricity company has been increased the cost more than 200%. Hence some previous bitcoin miners already left this kind of bussiness.

[EllaPonchik]

I do not see any risk in bitcoin. Especially not you, but China for the most part. You can risk only if you buy it. And if there is such a question about risk, then do not buy.