Can I make much money mining Bitcoins?

[soma50]

Bitcoin mining is a competition. But now look at the mineral, they are so many people that I do not know that I am much more than every miner now, but I thought last year, I have heard a miner. Now more than mining is happening since last year.

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[IcoBaby]

As in many business matters
Often the income depends on the investment
If you can afford it, I think you will succeed.

[Reid]

Too many miners.
The difficulty gets higher. It is impossible now to profit from it.
Even the return of investment will be hard to get.
You might want to mine other currency than bitcoin. Just an option if you are really into mining.

[Kezio]

To be fair, the rarity of decent results through mining today, makes the investment for the gear required, to leave a bigger hole in you pocket than the actual profit.

[7Pro]

I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?

The bitcoin still left just 20% of total supply and more mimers raising so thats why now difficult to get profit from mining.

[hilda483]

I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?

If the price maintain a certain price you can make good money from mining, but if the price increases so fast, it's wiser to invest in bitcoin rather than just mine it.

[joebrook]

I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?

As the difficulty rises it makes it even hard to mine the bitcoins, there is still a chance to make some profits but you would have to invest in the latest mining hardware to achieve that.

[suzanne5223]

I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?

Bitcoin is the father of crypto currency and it the only that bring the mining thing into picture before other crypto currency. However, there are always a new of mining bitcoin in other to be profitable and you'll find how onmining section

[Iceblast]

I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?

Bitcoin is the father of crypto currency and it the only that bring the mining thing into picture before other crypto currency. However, there are always a new of mining bitcoin in other to be profitable and you'll find how onmining section

although bitcoin is now a very large coin and makes a lot of money from mining but I think there are still a lot of good new coins for the mine. but now the new coin nambang has a very good potential and the results can exceed bitcoin.

[Taskford]

If you have a place where the electricity cost is very low then you can earn much money mining bitcoin but you need to remember that mining bitcoin requires a lot of money because you will be investing in bitcoin that requires high end machines to just solve the algorithm of bitcoin and that will give you a lot of headache at the first few months but after a couple of months you will be earning good.

[jatinjax]

presenty its quite difficult to mine see the stasticks. To be frankly, it's 2018, the competition and difficulty to find even a 0.001 Bitcoin is hundred or even thousand times harder, compare with 2009. Unless, you have over 6 digit of initial capital or you're open up your own mining farm - else, it's better to buy Bitcoin than mining it by yourself~

[Kamote_1102]

I did some research about mining too. You can earn a lot from mining but it depends on the rig that you built to mine. You need to have at least 6 graphic cards to start your mining.lower than 6 graphic cards,you will not feel that you are earning.because you also need to consider another bills, such as electricity and internet.if you only have a gaming computer with one graphic card, don't waste your time to mine.

[yudhistira]

In simple terms, because you have to invest a lot of money for equipment and resources (like electricity and time).
And mathematical computations are becoming more and more complex to solve.

[raven.tiu17]

I really dont recommend mining bitcoins because the difficulty is too high and its very hard to mined bitcoin right now. There's a lot of cryptocurrency in the market that you can mine follow them on coinmarketcap.

[Dr.Osh]

In simple terms, because you have to invest a lot of money for equipment and resources (like electricity and time).
And mathematical computations are becoming more and more complex to solve.

well, logically you can make money with bitcoin minning. but, many risks must be prepared, and of course it becomes common. you might be able to make a lot of money out of it, but, you have to make sure that the plan you put together and the thought of using mince to look for bitcoin is really done.

[maman09]

I heard that we can make much money by mining Bitcoins before, but now we cant anymore. Why?

I don't really know about bitcoin mining. but some of my friends are still doing mining activities on bitcoin, I think it's still very promising and profitable. but it always requires great capital and knowledge

[Brito]

I think you can not make a lot of profit with the mining anymore. Is becoming more and more difficult and more expensive.
So I do not advise you to do it.

[cryptojoe]

of course you can, why do you think so many people do it?

[coolcoinz]

It depends on your initial investment. If you have $1000 and want to get into Bitcoin mining just forget it. It will require a decent space that is cool and relatively free of any dust and moisture and a decent investment of at least a couple thousand USD to start with. Note that this will only get you into mining. It won't make you earn "a lot of money". To earn a lot you have to invest a lot.

[awawo]

In 2009 mining bitcoin was very easy and you can make much bitcoin just by dedicating your machine on the bitcoin network, but this is 2018 and bitcoin mining is very hard and can only be done using specialized upgraded machine and software's like Asic and the rest of them. But if you are ready to invest your huge capital to set up a modern mining farm you can still make some good amount of bitcoin but the most profitable way to make bitcoin now is to buy and hold bitcoin as a long term investment.