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Author Topic: Mining in 2017?  (Read 1725 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
 #2

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
 #3

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
 #7

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
 #8

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
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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
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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
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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
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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.
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
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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
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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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October 31, 2017, 08:49:22 AM
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Earlier I read that Satoshi's vision for Bitcoin mining was that eventually it would be done in large mining datacenters. I guess it is already happening, a lot sooner than we expected!

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October 31, 2017, 09:18:28 AM
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if you have this idea a few years ago, it was a great profit, but this time is very difficult Bitcoin mining. to gain significant profits you need to have a huge capital. that is the cost of installing a large system, electricity bills, tax expenses charged to the State, charges, maintenance of machinery. to earn significant profits to put money out the extraction system installation you are large mining. I found the majority they exploit a altcoin would rather mining Bitcoin


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October 31, 2017, 12:09:29 PM
 #23

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!!!


first at all. welcome to the bitcoin world, if you preferred to choose mining as a newbie, mining are always profitable with a good specs of mining rigs. profitable but very expensive to provide, but as I can see your question is direct to the point, I think your not a newbie in the field of mining, you are a experienced person who have a lot of experience on mining before.

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October 31, 2017, 12:24:58 PM
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You can earn money, but with a competent approach.
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October 31, 2017, 02:46:26 PM
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You can still try to push your luck in mining, but I think, as long as it goes longer, you cannot have much profit to it. Your investment and effort will not pay off that big. There are lots of things to do in bitcoin, you just need to research about it.

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October 31, 2017, 02:50:46 PM
 #26

                 Indeed it is profitable, while some have also said that it has high maintaining power, and in short its costly, but all in all it is good it is just that you need a high capital capable in doing your work or should we say mining. By the way just choose high end specs for your mining so it should be more worth it.

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November 01, 2017, 07:23:16 AM
 #27

Thanks for the insights guys. Based on your inputs one should really have to think many times before investing in mining.

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November 01, 2017, 07:28:43 AM
 #28

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.

Exactly, 2020 would be the halving for BTC...

A question here: Do you mine your own BTC, or you just buy on dips?

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November 01, 2017, 07:36:54 AM
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Earlier I read that Satoshi's vision for Bitcoin mining was that eventually it would be done in large mining datacenters. I guess it is already happening, a lot sooner than we expected!

Yeah that's right, so it's time for other altcoins. I think for small miners altcoins like DASH, Monero, BCC and Litecoin are still profitable... Just one thing to say about cloud mining; stay away!
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November 01, 2017, 01:42:22 PM
 #30

Earlier I read that Satoshi's vision for Bitcoin mining was that eventually it would be done in large mining datacenters. I guess it is already happening, a lot sooner than we expected!

Yeah that's right, so it's time for other altcoins. I think for small miners altcoins like DASH, Monero, BCC and Litecoin are still profitable... Just one thing to say about cloud mining; stay away!

If I were to mine altcoins, which do you think would give the best returns? thanks!

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November 01, 2017, 01:47:09 PM
 #31

I think 2017 will be a difficult year in mining industry. Because the wave is too big and too much. Of course。 There are many opportunities in 2017, if you sell BTC in the first half of the year to buy ore machines, you make money
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November 01, 2017, 01:48:29 PM
 #32

mining in this year is very good as last year.

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November 01, 2017, 01:54:34 PM
 #33

Mining bitcoin is becoming more and more expensive. If you have the money to invest in your mining setup you will have to consider the cost of upgrading everything sooner rather than later. If you are to mine alt coins and then convert to bitcoin it can be your cheapest option.

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November 01, 2017, 02:11:35 PM
 #34

I think not, investment is better when compared to mining, that's a good idea for 2017, because among them (the miners) many have experienced disappointment, I know of some of their posted threads.

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November 01, 2017, 02:52:28 PM
 #35

Gpu mining is profitable if you are living in a low cost electricity country like here in the Middle East.
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November 02, 2017, 01:53:54 PM
 #36

Gpu mining is profitable if you are living in a low cost electricity country like here in the Middle East.

a bit newbie. Which is more practical now fo bitcoin mining, GPU or ASICs hardware? Thanks!

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November 02, 2017, 02:06:15 PM
 #37

mining is always the battle of what you earn versus what you spend.
the costs are the initial investment to buy equipment (in this case ASICs) and then the constant cost of electricity. and in case you are thinking big like a farm, then the cost of space.
the income is based on price of bitcoin and how much bitcoin you will get from your hashrate.

obviously the income is huge and growing now. but the issue is always going to be the growing difficulty and the fact that you will earn less bitcoin because with rise of hashrate you will have a smaller share. so you have to still have a cheaper "costs" in total.

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November 02, 2017, 02:45:38 PM
 #38

Thanks for the insights guys. Based on your inputs one should really have to think many times before investing in mining.
Yes of course as much as you will invest you will get the output from the bitcoin mining. It is up to the person who is investing and this will help the people to buy more bitcoin and will mine more and more, the future of the bitcoin user is very high and all the people are now using the multi process for the bitcoin user to earn more and more, I hope the future will be more than this but the capital is needed to invest.

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November 02, 2017, 05:30:09 PM
 #39

Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.

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November 10, 2017, 07:18:49 AM
 #40

Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
I have also read from the web of the high expense of using Asic mines. What do you think is an alternative mining setup that is cheaper but still produce good returns?

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November 10, 2017, 01:28:02 PM
 #41

Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
I have also read from the web of the high expense of using Asic mines. What do you think is an alternative mining setup that is cheaper but still produce good returns?

If you really want to profit from mining then you have no choice but to really buy those expensive mining hardware such as Asic.  That's why most of the posters here have said that you need to have huge capital to begin with and take in consideration the cost of electricity. Are you willing to cough out money in order to get profit? Then for me its really makes sense to buy premium mining gear instead of looking for alternative because they won't give you a good returns as compare to Asics latest models. IMHO.

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November 11, 2017, 08:01:01 AM
 #42

Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
I have also read from the web of the high expense of using Asic mines. What do you think is an alternative mining setup that is cheaper but still produce good returns?

If you really want to profit from mining then you have no choice but to really buy those expensive mining hardware such as Asic.  That's why most of the posters here have said that you need to have huge capital to begin with and take in consideration the cost of electricity. Are you willing to cough out money in order to get profit? Then for me its really makes sense to buy premium mining gear instead of looking for alternative because they won't give you a good returns as compare to Asics latest models. IMHO.
Mining was so expensive, if you want to have this you just need to invest high amount and also a lot of time. It was truly profitable, since signature campaign and other sites had limited opportunity for the mean time due to high value of bitcoin in the marketplace, I think it's better if we mining for a while.

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November 11, 2017, 05:57:00 PM
 #43

I guess yes, it is still profitable. Mining is something very costly yet something very basic in the world of Bitcoins.

If you decide to mine, read on the experience of miners for you to know what to expect as regards costing vis a vis your expectations. You have to align your amount of investments to your expectations for you to know what are the factors you need to consider at the very least.

So as for me, if you have the money and the luxury of time to mine, I would say, go for it! 

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November 12, 2017, 11:59:16 AM
 #44

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.
For me mining is also profitable yet it needs a lot of requirements so that you can gain.as talked mining needs to be safe and your computer must be in full condition as needed for this, although Im not taking mining but still I have an idea because I'm coming up to it soon as I am prepared.
For now I'll be studying for mining strategy so that maybe I fail but not too much if I go for it alteady.
As of now it's profitable as I observed yet diffucult one also.

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November 17, 2017, 07:01:15 AM
 #45

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!!!

bitcoin will always be profitable, especially still its bnyak users who always faithfully plays bitcoin. because, bitcoin is very unique and bitcoin will also always benefit for its users.
bitcoin is a very promising currency and currency that is now widely used by people. Hehehe
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November 17, 2017, 11:24:51 AM
 #46

Mining is profitable this is one of best source of bitcoin or other altcoin if you have own mining rigs with more powerful hardware and i think more miners earn huge profit because of big current value of bitcoin.
Some miners who mine bitcoin are transferring to mine altcoin because they feel the huge transaction fee in bitcoin that is why they feel the profit in altcoin mining than bitcoin.

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November 17, 2017, 01:30:51 PM
 #47

Bitcoin mining is a huge investment. Maybe next year more of us can go to asic mining because of a value of bitcoin. But is more difficulties if many of us are going to asic. Asic mining is good if you have huge money and you will see the income if you're electricity bill is not too expensive.
Mining in 2017 is very profitable, but you just need to invest a lot of time, a lot of electricity and a lot of money to earn income. Otherwise you just also need to wear you patience because before you recover your capital you can wait long period of time. Also you just need to become patience, because if not I think you can't be successful in this line of job.

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November 19, 2017, 08:09:26 PM
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I had some problems with monero minexmr.com pool. My payments were not consistent. Any other  ha bad experiences with them?
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November 21, 2017, 06:34:35 AM
 #49

I had some problems with monero minexmr.com pool. My payments were not consistent. Any other  ha bad experiences with them?

If you are suspicious about this pool - just change it. It is easier and there are a lot of pools Smiley

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