unlimitz (OP)
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January 21, 2018, 09:12:44 AM |
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I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
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whirlcoin
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January 21, 2018, 09:18:29 AM |
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I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
I think altcoin mining is more profitable than mining bitcoin because the difficulty level of bitcoin is so high so you need more powerful miner to get the enough rewards.ASIC miners is the only option to mine bitcoins and it needs big investment also.So you can do altcoin mining for example Monero is one of the best altcoin to mine because their mining difficulty is low so you can install GPU miners to mine monero and then you can trade your monero for bitcoins. |
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coinsons
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January 21, 2018, 09:31:54 AM |
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mining on asics is still profitable
about need 6-7months to get ur investment back
if prices will go upper period will be lower
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welljo0108
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January 21, 2018, 09:33:05 AM |
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I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
Still having a btc is worth it , because you can used it in our everyday needs . The more u earn btc the more exciting to work it . Learning from friends is better for us like a newbie in btc!-!:!! |
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Heisenberg_Hunter
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Heisenberg Design Services
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January 21, 2018, 09:42:20 AM |
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No nowadays BTC mining is not worth at all. If you are living in a area where the electricity costs are too low it would be worth, that too if you have high end ASIC mining equipments. In today's world BTC mining is more competitive and larger number of mining pools are opened and miners participate there to earn at least a little profit from mining.
Hence mining atlcoins are worth in the case if you have a good PC as it might be profitable. Instead of mining to earn BTC there are many more ways where you can earn BTC or other atlcoins and exchange them with BTC.
If you have the sole idea of earning invest in them and trade and get good returns as "Mining is not at all worth today unless if you are living in a area where cost of electricity is too low".
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talkbitcoin
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All I know is that I know nothing.
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January 21, 2018, 09:48:17 AM |
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it is always worth mining bitcoin, and will always be that way. why do you think there is this enormous amount of hash power going into bitcoin mining? that is because there are a lot of people currently mining bitcoin from all around the world adding to that hash power. and with increasing price it will continue to be even more profitable for them.
but the problem is electricity cost. if you have an expensive electricity cost then you won't be able to make a profit out of it.
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CryptoTech_
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January 21, 2018, 09:56:30 AM |
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it's very hard to make a profit from bitcoin mining, unless you're a rich person who has a lot of money and can afford a lot of mining equipment, I'm sure you'll get a good profit from there, but if you're just an ordinary person who is trying his luck in the world bitcoin mining, I suggest you to mine altcoin like Monero or Zcash, because I think both altcoins are still profitable to be mined with a rudimentary mining tool  |
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Jaya1995
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January 21, 2018, 09:58:22 AM |
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I think for now more and more money people are looking for bitcoin mainly by way of bitcoin mining through the internet. so if you're just trying to mining the bitcoin it's too late and most likely it will be hard to get a profit when mining with bitcoin
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memedof
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January 21, 2018, 10:00:18 AM |
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Mining is currently not as profitable as before in my opinion if you do not invest in a big scale miner machines, on other thing is the cheaper electricity costs. Otherwise the investment will not able to pay itself.
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kakrotssj1
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January 21, 2018, 10:01:10 AM |
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I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
It's never late to start working on bitcoin, either mining or trading. for mining you need a high performance equipment and a lot in numbers to successfully mine and generate profit from it. |
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datodota002
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January 21, 2018, 10:08:11 AM |
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Right now, mining bitcoin is need more powerfull rig and need more time to mining it, in my opinion mining altcoin like ETH or Zcoin will more profitable than mining bitcoin. because for me that coin has less difficult that bitcoin and right now have better price on the market.
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coinbitrade
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January 21, 2018, 10:10:20 AM |
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I think it's too late to extract bitcoin. Because the competition is very large. This requires large and powerful farms, and most importantly expensive ones. So now it is better to master trade. This is the best way to earn bitcoins
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richaforz
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January 21, 2018, 10:12:41 AM |
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is there any bitcoin or multicoin mining sites that deduct the transaction fees from the mined coins? or how come a fresher miner pay transaction fees if his wallet is empty ?
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NoviceInvestor
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January 21, 2018, 10:13:14 AM |
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If it's only marginally worthwhile mining bitcoins when a bitcoin is worth US$11,000, what will happen if the price goes much lower? Won't the supply of coins go way down?
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parassinghal
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January 21, 2018, 10:15:24 AM |
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Yes you can learn to mine but i don't think it worth to mine the bitcoin because the cost for mining is more than what you will earn. So you can learn it but i will advice you to do trading.
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DanWagner
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January 21, 2018, 01:44:43 PM |
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Yes you can learn to mine but i don't think it worth to mine the bitcoin because the cost for mining is more than what you will earn. So you can learn it but i will advice you to do trading.
There are some altcoins where the difficulty isn't that high right now . But it is gonna take a while to take your initial cost out i think. |
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Bitcoinnumberone
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January 21, 2018, 01:49:15 PM |
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Well as I can see with the bitcoins orice,its still worth it if you have already some of the requrements needed in mining but mining it will be very hard also because the prices are too high.
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kaya11
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January 21, 2018, 01:51:26 PM |
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I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
Mostly you have been advice to to mine altcoins than Bitcoin, and they are right. But I don't know what is the feeling in me that I can't stop mining Bitcoin now and then. You have the right to choose what to mine. Anyway what type of mining would you enter? ASIC or GPU mining are the ones that are mostly used. By the I am a miner too, and I used GPU mining. |
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VitKoyn
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January 21, 2018, 02:10:08 PM |
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I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
It is still worth it to invest in ASIC miners and mine Bitcoin but it is not for all people, if you don't have enough money to invest in ASIC miners, it is too late for you. It is only worth it if you have money to buy multiple mining hardware and have extra money to pay huge consumption in electricity and also for maintenance. But what's good is that Bitcoin is not the only cryptocurrency you can mine, you can also mine alternative coins using GPU which have less power consumption compared to ASIC, I suggest that you use mining calculator before deciding which coin to mine so that you have an idea if it is profitable to mine a coin with your capital. |
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jvdp
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January 21, 2018, 02:16:37 PM |
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I planning to learn bitcoin mining, but is it too late / not worth to mine bitcoin now ?
Bitcoin mining is too late because in current scenario altcoins is more profit for mining. So you should mine Ethereum or some other altcoins. Most of the miners are already invest in Bitcoin mining if you want to start mining platform before to think it take too much power consumption in mining rig. This is one of the decent profitable platform so you can choose better altcoin mining. |
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