NivelMac
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Activity: 33
Merit: 1
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September 30, 2018, 08:36:02 AM |
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people still keep mining until now and I think bitcoin mining will not last long if the price of bitcoin keep going down like this
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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florianuhlemann
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September 30, 2018, 09:10:11 AM |
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how do you plan to do this? it is bitcoin that I believe is not, and other cryptocurrencies can be
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H1N1
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September 30, 2018, 01:16:24 PM |
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My question is if it's still worth buying Asic's and start mining BTC in 2018.
If not mine BTC what other coin is it worth to mine nowadays?
Looks like bitcoin mining is no more worth than last year because the price of bitcoin has falling to the low price. CRyptocurrency mining will be more profitable if the price of the coins itself high. Otherwise, you cannot even cover your electricity expense from mining crypto because the value of mined coins are bad. |
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gesdan
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September 30, 2018, 01:26:24 PM |
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some people said that the profit is small, and it will return in 2 years and more, but if you want to try you can try it by yourself, or if you have a rig you can try to use your rig to do mining by yourself
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genuin
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September 30, 2018, 01:35:28 PM |
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Before the total BTC runs out, I feel mining is still profitable.
Later when BTC cannot be mined, the fee will be used as a payment tool for miners
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Friskaadew
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September 30, 2018, 01:40:58 PM |
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My question is if it's still worth buying Asic's and start mining BTC in 2018.
If not mine BTC what other coin is it worth to mine nowadays?
depending on each country determine the pay for electricity, because in a smooth mining activa that really must be considered is your electricity bill if you are mining and your mining income under your electricity bill means it is not worth it for you to do, if it's still far profitable means mining is still good to do this year |
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quocsi
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September 30, 2018, 01:50:52 PM |
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Yes, of course bitcoin is very valuable . I once opened a factory and used many computers to exploit it. But now it does not bring me good results because of the increasing difficulty. The amount of bitcoin I earn is very small. So, I went to exploit other virtual currencies, it's low value but easy to exploit and earn more stable profits. And the virtual currency that I choose to dig is Dogecoin
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kucritt
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September 30, 2018, 01:51:52 PM |
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of course, with buy some VGA card you can start mining, many people said that its not give us profit anymore, but its all wrong, if we buy VGA cad and sell it in the 2nd condition i think we can get the money back from that selling price, so why not we mining and sell it after BEP
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cutecute
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September 30, 2018, 01:54:39 PM |
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I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity. To meet these two points, I think you can still dig in 2018.  It is very much impossible to have low electricity bills after earning a good amount of bitcoin through mining. The expenditure is not acceptable that is why hackers are using other people’s resources to accomplish this job. There is no doubt that bitcoin would be soaring up but other methods of earning this crypto currency are more suitable. Personally, I like day trading because it gives the most earning. Mining bitcoins in 2018 is not possible if you have a single high speed computer with a lot of GPU power. These days bitcoin mining is very difficult and we have companies who have mining farms and only those mining farms can mine Bitcoins profitably. Yes bitcoin is always worth. Every year bitcoin improves just like now the price of bitcoin is worth so that you can get a big profit. |
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yecats
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September 30, 2018, 01:57:37 PM |
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It's a yes for me  still worth it I'm not into mining but I suggest check Out what are the trend coins to be mine so that you'll be able to decide if it still worth it but it is always depend on your analysis |
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dimiinx
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September 30, 2018, 02:05:28 PM |
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people still keep mining until now and I think bitcoin mining will not last long if the price of bitcoin keep going down like this
it depends on you if you want to mine in 2018 if it's profitable, you have a fortune, if not, it's not your fortune |
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Bestorm
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Merit: 0
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October 02, 2018, 02:54:42 AM |
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I believe that it will be worth mining bitcoin until the price doesn't go lower than the cost of mining bitcoin.
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bangkit tri
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October 02, 2018, 03:19:10 AM |
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It's a yes for me still worth it I'm not into mining but I suggest check Out what are the trend coins to be mine so that you'll be able to decide if it still worth it but it is always depend on your analysis by looking at market capitalization that is still large, i think bitkoin is still worthy of long-term investment, as we know that more and more countries are starting to accept it, even though it takes a long time, but i am sure it will bear fruit later |
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nthoangga
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October 02, 2018, 03:45:34 AM |
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I think this is a difficult question. It is hard to say yes or no. My suggestion for you is considering carefully. If BTC price falls down too much, you could mine with 50% or 60% capacity
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Naughty Princess
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October 02, 2018, 03:56:26 AM |
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I think there are several important factors. 1. Bitcoins can still keep a high price in 2018. 2. You must have a low price for electricity. To meet these two points, I think you can still dig in 2018. It is very much impossible to have low electricity bills after earning a good amount of bitcoin through mining. The expenditure is not acceptable that is why hackers are using other people’s resources to accomplish this job. There is no doubt that bitcoin would be soaring up but other methods of earning this crypto currency are more suitable. Personally, I like day trading because it gives the most earning. Mining bitcoins in 2018 is not possible if you have a single high speed computer with a lot of GPU power. These days bitcoin mining is very difficult and we have companies who have mining farms and only those mining farms can mine Bitcoins profitably. Mining is profitable sometimes and good to give shot for it. I am also get a mining site and I am surely get profit into it month and can get something when I am in need. Though price of bitcoin drops it is good to mine some of it for you to hold till the price goes up. We cannot contribute on the more fall but add some on the account which gonna worth a high price. |
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131tc01n
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October 02, 2018, 05:16:38 AM |
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in my opinion it is feasible to be feasible but not effective, the point is that you are free to mine what is not but for this year it is not effective because the average crypto price is low, it is better to wait for prices to rise again. It's better now to trade or buy coins if you still have USDT
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Maricel2017
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October 02, 2018, 05:29:54 AM |
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in my opinion it is feasible to be feasible but not effective, the point is that you are free to mine what is not but for this year it is not effective because the average crypto price is low, it is better to wait for prices to rise again. It's better now to trade or buy coins if you still have USDT
Agree with this statement, we can farm or mine bitcoin but not profitable at the current situation at the market of crypto currency, for now much better to look for altcoin to mine which is you can able to earn money in only few days of mining. Lots of solo miner of bitcoin are now start to adopt other coin and hold for their future increase. |
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enjotan
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October 02, 2018, 05:32:09 AM |
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Now that there is only a few million remaining bitcoin supplies, I think it's too late to do mining for very good results, my advice is better to trade, because now trading is more profitable than mining.
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Winto
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October 02, 2018, 05:51:52 AM |
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I think it depends from the electricity cost. If you live in a electricity friendly country then its okay.
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bitbunnny
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October 02, 2018, 05:58:05 AM |
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To my opinion mining is not profitable anymore, at least not for individuals. If you have a mining farm then it's a different story but otherwise not.
Costs of equipement and electricity are too high compared to profit you will get and cloudmining should be avoided because it's usualy connected to scams.
It's better to put your efforts to trading or some other way of earning Bitcoins but mining is a past tense now for majority of users.
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