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Author Topic: Is mining Bitcoin still a good idea???  (Read 546 times)
chance4848
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November 05, 2017, 08:39:30 PM
 #1

Hello,
I have some money saved up enough to buy 6-8 Antminer s9 when they become available on their website. I have read numerous posts and calculated the potential earnings on many online calculators. My plan is to set the miners in a warehouse that my bro rents and live at the warehouse too. I would use the profit to buy more Antminer s9 in the future. I know that electricity would be the main cost but in my area I only pay .10 per kWh. I'm in college so I have time to really dedicate to this aside from my normal school work and don't really have any commitments anywhere so that's a plus. I really want to put my time and effort into this so please don't sugar coat anything.

Thank You,
Chance4848
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f1st1y@rt3
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November 06, 2017, 03:06:13 AM
 #2

I have 3 months i the crypto world, im mining eth with a small rig and bitcoin in the cloud. I think mining bitcoin still a good idea and the price like now more, i read that the bitcoin can reach 10k this year
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November 07, 2017, 01:26:58 PM
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If by good idea you mean profitable, yes it is. However, if you ask if it is as profitable as last time or in the past, it is not. Bitcoin now has become more competitive. It is hard to keep up with the companies that mainly main cryptocurrency. It has been know the main source of money to some.

And since you mentioned about you having free times, I think trading would be more effective to you. Because you have the time to check the graph all the time and analyze the behavior of it.

Jhon3438
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November 13, 2017, 02:41:35 PM
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Yes mining is good but it depends on what area you live because electricity is the main source when you go mining and also mining is good to the people who want to earn btc token directly..
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November 13, 2017, 07:17:59 PM
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If you post your calculation numbers, we can better assess if bitcoin mining is still a good idea for you? .10 per kWh is relatively high as there are locations where it costs only .03 per kWh. Start mining a promising altcoin like Truckcoin with un unlike lower difficulty level and with un unlike higher potential of growth in price might be all in all a better idea. You would be in the stage when bitcoin has started and we all know that the early adopters had winning rates of thousands of %!

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