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Author Topic: Mining in 2017?  (Read 1506 times)
dale1075
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October 31, 2017, 04:04:34 AM
 #1

Hi guys. Newbie here.

Just want to hear your ideas if mining in 2017 is still as lucrative as the previous years?

especially with the upcoming halving.

Thanks for the insight!!!
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October 31, 2017, 04:28:26 AM
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Is it still a good time to Mine before the year ends? It will be a high investment with all the video cards but will it still be worth it? Thanks Smiley Smiley Smiley

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October 31, 2017, 04:39:21 AM
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the "upcoming" halving is not for a couple of years. 2020 to be exact.

and mining bitcoin is always something that will be profitable. most of the time profitable by a lot for example if you can find away to buy latest ASIC miners cheaper (eg be in China), or find a way to have cheaper electricity (some countries have much cheaper electricity cost).
and with bitcoin price rising it remains the most profitable thing to do. and with the way difficulty works it will remain profitable because for example if it stops being profitable, miners will leave and difficulty will come down and it becomes profitable again.

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October 31, 2017, 04:50:14 AM
 #4

based on my experience with my cloud mining efforts during last year's scam I have done many times. and this year 2017 does not change all cloud mining. all cloud mining sites I've tried becomes a scam. I have not yet found a legit and profitable site. maybe theres a legit site but I do not know yet.
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October 31, 2017, 04:53:43 AM
 #5

Hi guys. Newbie here.

Just want to hear your ideas if mining in 2017 is still as lucrative as the previous years?

especially with the upcoming halving.

Thanks for the insight!!!


Not as viable now as before when problems were as easy as 1 2 3. That is, if you're mining bitcoins. If you have an idea in mining coins other than bitcoins, then mine them. Just not bitcoins because you'll end up mining little with you spending more money on electricity and pc parts. I wouldn't mine bitcoins in 2017.

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October 31, 2017, 05:07:27 AM
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mining is not so profibale(btc mining) if you consider the cost of getting the equipments. except u r considering mining a viable altcoin.
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October 31, 2017, 05:16:02 AM
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bitcoin mining in 2017 and next year I think it's still very profitable, although the number of bitcoin is decreasing but we know alone with the very high increase of bitcoin price that has a good profit, mining is a very good investment for the future.

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October 31, 2017, 05:32:52 AM
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Bitcoin <BTC> mining is not profitable anymore for the average Jo, because you need expensive ASIC chips to mine BTC. Some other Alt coins with ASIC resistant technology can still be mined, but it is also becoming very competitive. So, mining Alt coins would be your best bet, if you are coming into this with a low budget.

I would suggest that you use the online mining profitability calculators to see what Alt coin would suit your budget. ^smile^

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October 31, 2017, 05:35:31 AM
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The thing is miners will not sell freshly mined coins if it weren't profitable, the companies that mine currently are probably holding large quantities of Bitcoin. They consider everything, electricity, taxes, and equipment deals and trajectory of these things to be in the business of mining Bitcoin. I participated in cloud mining with two companies and have already profited from both in less than a year and what's nice is they gave me life long contracts.

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October 31, 2017, 05:56:54 AM
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While there are many other coins much easier to mine, Bitcoin mining could be considered relatively less profitable when compared to others. Because of the block difficulty going higher and higher, the amount invested in rigs, electricity and maintenance will not be compensated too much as the profit factor is pretty low.

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October 31, 2017, 05:57:28 AM
 #11

I have been playing mining but have not got results yet, many mining sites I follow tp no results. I do not know whether the mine is right or not.

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October 31, 2017, 06:16:00 AM
 #12

Hi, welcome on board. Well, I am not impressed with the idea of Bitcoin mining unless you have a huge mining farm at this moment. Bitcoin mining is a serious business now and we should leave it for those who treat it in that way so if you are going to do it in a professional manner then you have a slight possibility of earning handsome profit but if you are sitting on GPU with little mining hardware then I am skeptical about the results of efforts in Bitcoin mining.

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October 31, 2017, 06:17:05 AM
 #13

I'm using the Nice miner just because I already have a high end rig.  I heard they pay, it's not a scam is it?
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October 31, 2017, 06:29:30 AM
 #14

In my opinion it is still good to mine for certain countries that That have bigger salaries, and especially free electricity and water, just like in Qatar I think it is a great investment to buy mining RIG in a country like that, but in a specific countries that doesn't have a special conditions like that I really think you can not ROI because of the need for a big investment a high cost in electricity and a humid weather so your mining RIG can maintain a good condition while mining But I think these countries can still mine for certain Altcoins that have good potential.



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October 31, 2017, 06:29:39 AM
 #15

still worth it -- but must put investments -- faster -- and longer roi ...
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October 31, 2017, 08:11:34 AM
 #16

Hi guys. Newbie here.

Just want to hear your ideas if mining in 2017 is still as lucrative as the previous years?

especially with the upcoming halving.

Thanks for the insight!!!

well if you willing to pay thousands of dollars for mining equipment and electricity then mine bitcoins but you have buy many mining equipment in order to mine a block within weeks atleast since the difficulty is very high but if you are average joe like most of us and you are like mining then mine altcoins instead atleast you can mine altcoin with a computer with a really good gpu.

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October 31, 2017, 08:19:27 AM
 #17

mining is not so profibale(btc mining) if you consider the cost of getting the equipments. except u r considering mining a viable altcoin.
Where are you getting that statement? Have you done a research about that? Have tried to do a mining calculator and then try to calculate with the electricity cost in your country? it seems still profitable this time. Mining bitcoin will give you a better ROI than mining altcoin use your GPU rigs. You can try to do a comparison through the mining calculator.

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October 31, 2017, 08:29:57 AM
 #18

which coin will you be mine for?bitcoin? FORGET IT as difficulty as much higher each time so you will not get your money back for buying mining equipment. I prefer mining for altcoin as now many altcoin available which then you can exchange them into bitcoin but dont forget to calculate your electricity bill.
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October 31, 2017, 08:31:33 AM
 #19

Only if you can constantly buy new video cards
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October 31, 2017, 08:42:35 AM
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Mining bitcoin requires a hefty investment. It is probably still profitable but it's not as easy as it used to be. For the bitcoin you need Asic miner, cheap electricity, safe room (possibly with air conditioning). Money can be made but it takes a lot to invest. Mining with PC video cards is option for some altcoins and you can earn small amount of money - depending on the coin and on the mining rig.

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