Can I make much money mining Bitcoins?

[maianh09]

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

I do not think you can make much Bitcoin from mining because so many are mining it. Especially China is a nation famous for crypto mining industry. Because there are many people involved in Bitcoin mining, the algorithm is getting harder and harder and Bitcoin is getting less and less.

[traderethereum]

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

its depend on how much the electricity fee in your country, what hardware you will use, how stable your internet connection, what coin you want to mine. this is the most important that you need to think before you decide to mining. ok maybe you have cheap electricity fee and you can use vga cards to mining, but you still think what coin that will profitable for you. you can find this in whattomine.com to know which coins that will give you a profit in a day.

[John Rambo]

As previous speaker told, there are two ways of earning something from crypto-mining - invest huge amount of money into hardware and electricity or mine other coins, which are not so expensive nor hard to obtain.

[The_Selected_Few]

I invested £2k and I have made that back in 3 and half months....I now make roughly £17-£20 a day for nothing.
Gamble big for big rewards!

[datodota002]

when the first bitcoin appears. people can do mining with a laptop only because the network load and the level of difficulty mining is still easy. but today you need to have a sophisticated computer specification to bite the bitcoin. not just one but many. so if you want to do mining. I hope you have a lot of funds to support your desire because bitcoin mining tools are very expensive and high operational costs.

[synapsisxxx]

This absolutely depends on the amount of electricity cost you are incurring for the mining operation and whether you are being able to cover it. You have to calculate your miner's output against the electricity incurred. There are lots of online calculators available to do so.

[Ranly123]

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

Why? It is simply because there are many miners that mines bitcoin. Data that passes through rig computers are divided among many miners and those who has a faster and most powerful hardwares mines faster than those with low-end hardwares. The many the miners are the more they are to share the goods that they mined.

[Tramle091296]

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

Now it is more difficult to mine bitcoins then earlier, you need much more time. But price is grew up significantly, so when you mine you get more profit. so i dont think the situation changed dramatically.

Yes I think it change. The price of the materials you need in mining is getting more expensive but. When interms of bitcoin i think you can get it back because of the price but i dont think its faster

[Mandoy]

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

The reason why mining bitcoins is not so profitable nowadays is due to the increase of difficulty in mining. The difficulty comes in when there are many mining farms who compete with each other to solve blocks. The lesser the hashpower means less mining productivity, in the end it become the battle of the  strongest hashpower.

[wajdi]

it depends on your investment.. The more you invest the more you get

[freakingcat]

I think you need more than "a bit of hardware" in order to make a bit of difference.

[dragonballz999]

Im gonna be honest and just tell you the short answer. Its no, for most people, unless you have a spare 30k lying around to fill a huge room full of mining rigs at the cost of 1-2k per each rig, you need around 10 rigs to even make a decent profit.

[BitcoinHunt3r]

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

mining bitcoin need a lot of resources, maybe with high diff that people said that mining bitcoin not profitable anymore, but if you want to you can mine altcoins, or ETH with GPU,

[Bestprint]

Difficulty of mining has gone up so high such that you need a machine with insane high speed in order to even get a pie. And then, if you just managed to break even after deducting the electric costs then why mine? 

[antuankek]

Of course you can. But it will take a lot of time.

[freakingcat]

As much as anyone else, I guess.

[boyshx]

If you are rich enough to open a mining farm, the and then only you can earn money from bitcoin mining. Things have changes since last one and more years, bitcoin has crossed $15000 mark. Bitcoin transaction charges have increased a lot. Electricity is the major expense of mining firm, if you have electricity cheaply available in your country then you will be profitable in bitcoin miming business. If you don’t have this then do not go for mining business. Instead invest your capital in bitcoin trading exchange. It will definitely have you good profit.

[Capt00]

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

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~

That's right, competition among miners are getting strong and bitcoin supply are almost reach to it's maximum.
Mining altcoins could really make more profit that of bitcoin at this time. Though people say sacrifice, but in mining it could really not make any sense because the more you spend on mining-the more expenses you've got. 

[icanscript]

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

Of course you can earn a lot of money on bitcoin.
But you should know that as in any other business, the more you invest, the more you earn.
Without investing money you will not get anything.

[airdagon]

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

yes actually has a lot of bicoin it is very tasty, but now to make it very difficult. I do not know, maybe with the rise of prices that raced like this so it is quite difficult to have a lot of bitcoin ..