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Author Topic: Re: Why do you mine Bitcoins?  (Read 1633 times)
Hiwasym
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November 09, 2017, 06:05:24 PM
 #1

The reason I bitcoin mining is to collect as much as possible from the bitcoin mining. with my bitcoin mining is more focused on the performance of the computer by using a high specification in assembling bitcoin mining. I think just as a hobby in the world of technology that I distributed in bitcoin mining.
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November 09, 2017, 06:58:48 PM
 #2

The reason I bitcoin mining is to collect as much as possible from the bitcoin mining. with my bitcoin mining is more focused on the performance of the computer by using a high specification in assembling bitcoin mining. I think just as a hobby in the world of technology that I distributed in bitcoin mining.

You hobby is the bitcoin mining. It is the transaction medium for the all bitcoin users bro. We need to the help of bitcoin miner to transaction via network blocks. Performance of the computer will not be enough to mine bitcoins due to its difficulty rate.
You need to complete set of GPU cards in the rig or ASIC miners to mine the coins. With the computer you can only able to make pennies not dollars.

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November 09, 2017, 08:54:39 PM
 #3

For money Smiley
Jedie22
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November 10, 2017, 05:21:19 AM
 #4

For money Smiley
Actually, its not just for money but to help all the bitcoin users for there different transaction, recorded in the blockchain, throughout the world since using computers will not acquire all the transactions. Mining will takes many years and 21 million of bitcoins to be mined, as of this days bitcoin is popular and demand and no one can ever stop on its value is increasing.

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November 10, 2017, 06:29:54 AM
 #5

The reason I bitcoin mining is to collect as much as possible from the bitcoin mining. with my bitcoin mining is more focused on the performance of the computer by using a high specification in assembling bitcoin mining. I think just as a hobby in the world of technology that I distributed in bitcoin mining.
Correctly you said a hobby, the popularity of mining passed its peak and now there are either residual flares, or people continue to continue to mine. But the resources of bitcoin are almost exhausted, and therefore there will be very little profit from this.
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November 10, 2017, 07:09:15 AM
 #6

For money Smiley
Actually, its not just for money but to help all the bitcoin users for there different transaction, recorded in the blockchain, throughout the world since using computers will not acquire all the transactions. Mining will takes many years and 21 million of bitcoins to be mined, as of this days bitcoin is popular and demand and no one can ever stop on its value is increasing.

I don't think miners won't care for money but let me define what's the reason behind it mate, that miners mindset is always to earn the transaction fees or what we called the miners fee. The idea for that situation is the same as what you've been saying that miners can help those users transactions to expedite and have successful processing. As the price will continue to rise even better, well we also need those additional people who will mine for us; specially with me I always transact bitcoin payments and transfers.

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November 10, 2017, 08:09:43 AM
 #7

now  bitcoin  price support mining (more than 7,000$) but in future only big miners only will mining bitcoins
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November 10, 2017, 09:10:30 AM
 #8

The main reason of mining bitcoin by everyone is earning money,but mining is very important for the bitcoin transaction the miners are the one who confirm the bitcoin transactions.But nowadays the bitcoin mining gets harder due to the price increase of bitcoin.So we need powerful miners to mine bitcoins otherwise the electricity bill exceed than our rewards.


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November 11, 2017, 08:02:17 AM
 #9

I am not mining now. But I am really looking forward to have a bitcoin Mining. For the reason that, bitcoin mining helps you to gain passive bitcoin while the price is still increasing. you wont never know that in 1 year you will have 1 bitcoin in mining it and in that time the price is more bigger than today's price. That why I really like to mine bitcoin. But unfortunately mining in your laptop is not advisable. Ill just wait then. Cheesy

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Maestro75
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November 11, 2017, 08:51:53 AM
 #10

I mine so I can buy pizza...Lol. Really, I don't think any answer will be different from the fact that people mine so as to earn Bitcoin and consequently, fiat. Money is the root for motivation for almost everything we do, whether we publicly admit it or not.

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November 12, 2017, 08:04:41 AM
 #11

It's definitely been fun for me to learn about mining, setting up EthOS and generally making money doing so. A lot of people do it as a hobby really because it's so expandable Smiley
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November 12, 2017, 10:04:39 AM
 #12

In my opinion. mining bitcoin is a job. and reduce the unemployment rate when there is no job. and this bitcoin is also an easy-to-use transaction.
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November 12, 2017, 10:54:51 AM
 #13

Ill admit, I don't mine coins directly but throw a few GPUs on the nicehash miner for Bitcoin, which I store mostly in NEM due to its lower volatility compared to other digital currencies based on my research.

The electricity cost i pay is £0.14 pence / kWh (up from the £0.07 pence from my old two year lock in tariff), but given that i tend to mine during the 6 months of cold or during the cold, this negates turning on the heating. Even without that, I am still in profit. There are 3 PCs in the house and I put a good GPU or two in each, to heat the room its in, although my partner sometimes shuts off the miner on his so he can use the PC for gaming or if I need to do a rendering project. Other than that, it runs around the clock.

I mine for a bit of a hobby, and also to put the results into investing into NEM and storing some as BTC.

I say i bring in about 0.04 BTC from these on average a month, it used to be higher but margins went down a bit recently. 1080Tis being my GPU of choice.


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November 12, 2017, 01:55:03 PM
 #14

For me mine bitcoins is a job the gave as to be a fun and to learn on how we doing mining bitcoin that can make us to earn money to the bitcoin.

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November 12, 2017, 02:02:07 PM
 #15

A little extra money is good for me.

I am not a millionaire investor but 3-4K monthly extra is enough.
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November 12, 2017, 02:15:17 PM
 #16

Of course for money Grin , but i love to hold my btc until its go to the moon. but mining right now its difficult. we must pay more for electicity also. in my country electicity so expencsive  Huh
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November 12, 2017, 02:21:48 PM
 #17

It's definitely been fun for me to learn about mining, setting up EthOS and generally making money doing so. A lot of people do it as a hobby really because it's so expandable Smiley

It's Windows or Mac OS right I don't think there is any OS called ETH OS. If you want to mine the bitcoins you should have the powerful ASIC miners with you. I don't think people are mining bitcoin as hobby. They invested thousands of us dollars and mining coinscfor profit but you are just for hobby. You seems out of mind.

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November 12, 2017, 04:21:40 PM
 #18

Everyone do mining to earn money and its one of the smartest way to get good profit in short period of time,all we need to do is to have investment to buy the miners and if your country has cheap electricity your earning will be more.But the mining bitcoin is actually important for any bitcoin transaction to happen but in recent times the miners started to support bitcoincash which causes the bitcoin transaction fee is increased.I do mining for money but it actually helps many people to increase the bitcoin transaction speed.


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HellfireZA
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November 12, 2017, 05:09:47 PM
 #19

It's definitely been fun for me to learn about mining, setting up EthOS and generally making money doing so. A lot of people do it as a hobby really because it's so expandable Smiley

It's Windows or Mac OS right I don't think there is any OS called ETH OS. If you want to mine the bitcoins you should have the powerful ASIC miners with you. I don't think people are mining bitcoin as hobby. They invested thousands of us dollars and mining coinscfor profit but you are just for hobby. You seems out of mind.
No ETHOS is a OS build on Linux made pretty much for alt coin mining, very easy to setup and monitor .

http://ethosdistro.com/
rausvi15
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November 12, 2017, 07:13:09 PM
 #20

I mine because I want more and more bitcoin because i know one day they worth millions. I usually think more about future then present! so that is why I continue mining without taking care pf power cost or any thing else. but now i use good kind of GPU's to  make  my system efficient and they help to to earn more bitcoin.


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