Is it still worth mining bitcoin in 2018 ?

[fipper]

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?

mining requires a lot of capital in its investment and at the moment the results do not promise profit and I think with the current conditions trading with patience and confidence will be more promising

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[Stavr1992]

In my opinion, if you have not previously engaged in mining and you did not have powerful equipment, you should not climb there. But if you have extra money, then of course you can try

[Ruffian1314]

It is still worth mining if you will have still profits after deducting all expenses like the bill of your electricity but if you have negative output then it is better to stop now and wait for the price to rise then start mining again. Your the only one who can check your earnings in your mining setup.

[shoreno]

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?

mining requires a lot of capital in its investment and at the moment the results do not promise profit and I think with the current conditions trading with patience and confidence will be more promising

mining does not always require a capital or huge capital before you get started because even if you do not have a cash in your pocket , you can still possibly mine a crypto due to the fact that there were now lots of mining sites that you can use nowadays and yes most of them are totally free and easy to use . however the profit that you might get is litteraly small if you are only using a third party service .

Re: Is it still worth mining bitcoin in 2018 ?

2018 is a more advance year when compared to the  past year and many people are now also doing mining , so there is a slight difficulty which can affect your gains . although the profit will still depend on the device that you are using .

[syberwolfen]

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?

mining requires a lot of capital in its investment and at the moment the results do not promise profit and I think with the current conditions trading with patience and confidence will be more promising

mining does not always require a capital or huge capital before you get started because even if you do not have a cash in your pocket , you can still possibly mine a crypto due to the fact that there were now lots of mining sites that you can use nowadays and yes most of them are totally free and easy to use . however the profit that you might get is litteraly small if you are only using a third party service .

Re: Is it still worth mining bitcoin in 2018 ?

2018 is a more advance year when compared to the  past year and many people are now also doing mining , so there is a slight difficulty which can affect your gains . although the profit will still depend on the device that you are using .

I suggest you not to invest in mining now as the value of crypto is too low you cannot afford even the electricity bill. Yes this is true because I've gone through this from the past 8months and I have stopped now also you need to invest lot of money in mining think multiple times and plan accordingly.

[whiteblue]

yes of course this time it's still very worth it if you buy bitcoin at a price in 2018 the price is still very cheap because this bitcoin price has the potential to be one of the coins that has a very high selling price. Bitcoin prices can reach more than $ 50k so take advantage of these cheap prices to buy bitcoin.

[expertofexperts]

i think ETH is best here for future and mining.

[killat]

Bitcoin mining price is close to market's value, so it is no longer profitable in many countries already.

However, if you have free energy or very cheap energy, then mining still could be an option. Otherwise, trading or hodl are better.

[keykey1]

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

The reason that the mining is getting less profitable is different. each year the award for miners becomes less and less. However, it is still worth to mine Zcash.

[ribowo76]

Especially for the conditions in my country, where electricity costs are increasingly expensive. I think it's no longer profitable to mine. Because, it takes a very long time to get capital back. For me personally, it's better to buy bitcoins and altcoins that have a good investment value. Maybe that makes more sense than having to mine

[Eraldo Coil]

Yeah mining bitcoin on this year is still worth but if you compare it to last years there's a big difference. I mean mining last year is very different compare to this year because lots of things changed. The amount of bitcoin you mine for one day decreased a lot and you need a lot of time now.

[Ava Duvall]

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

I agree, we all start out small and grow with time, so trying yourself before taking on something big is a good tip.

[MAJICOIN]

I have read many material on mining but i come to this point that mining bitcoin is very expensive in 2018 and that's why mining is very rare in the world because everywhere the cost is more than it's benefit so i want to say that we should move to other coins mining and in 2018. In my opinion bitcoin is very risky so we should start investing in other projects as well.

[primeminer]

I have read many material on mining but i come to this point that mining bitcoin is very expensive in 2018 and that's why mining is very rare in the world because everywhere the cost is more than it's benefit so i want to say that we should move to other coins mining and in 2018. In my opinion bitcoin is very risky so we should start investing in other projects as well.

I have 4 racks of miners for ETH and BTC coins. and I will provide conclusions that I have experienced in 2018 which miners get very little profit because coin prices are decreasing, while the electricity needs of the machine are stable so that the profit gained is little. for now, it is better for you to trade because it is more profitable.

[spadaccino]

It really depends on how much you pay electricity bill - if you are in Canada or other north land where you get a low temperature all months of the year you can be fine and you can still earn. BUt be careful because also the ring tend to cost more and more while the computation to resolve is getting very extreme. So choose wisely - it was supposed to be kinda fair but in the end I think only such a big cooportation or rich peolple can handle this situation. You have to spend money to get money

[alonelyorange]

Mining bitcoin when all of crypto price have down is not good ideas, I think we have find other way how get much profit with altcoin or bitcoin. we buy mining tool with higher price but we only get small reward from mining and it so bad.

[batang_bitcoin]

I have read many material on mining but i come to this point that mining bitcoin is very expensive in 2018 and that's why mining is very rare in the world because everywhere the cost is more than it's benefit so i want to say that we should move to other coins mining and in 2018. In my opinion bitcoin is very risky so we should start investing in other projects as well.

It's expensive considering the ASIC miner that you have to purchase and the location where you are going to mine by estimating the cost of electricity.

Bitcoin is risky? well it has been said many times and if you think that its risky then don't invest on it. You should consider investing in other projects? well good luck, most of them now are scams and if you don't want to stick to the king of all crypto's its up to you.

[richman3451]

it seems to me that in 2018 the market fell so low that you should not spend more on electricity and other costs, but if bitcoin starts to grow you will justify all your expenses

[NeuroticFish]

My question is if it's still worth buying Asic's and start mining BTC in 2018.

I think that for individuals it worth only if they have dirt cheap electricity. Else they have better chances by only investing.

If not mine BTC what other coin is it worth to mine nowadays?

What is better to mine is hard to answer today, since the market is down and the alts have really suffered a lot. Ethereum was the usual "safe to mine" coin, but it may not be the case anymore. Monero price is also quite low. So.. it depends more on what coin the miner thinks it will rise faster. Again, investing may be better for now, until we see where the market goes and which altcoins will actually rise again.

[abhi777]

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?

mining requires a lot of capital in its investment and at the moment the results do not promise profit and I think with the current conditions trading with patience and confidence will be more promising

I think, if we do not know how to mine, it is better not to mine because there are a lot of costs. but if you have capital you can learn to mine. the point is just patience.