Is the risk of mining high?

[ommochain]

What kind of risk?

[dicom]

The skyrocketing fortune is the biggest risk of mining investment, the increase of the calculation of power leads to the increase of mining difficulty, which leads to the decrease of the profit. However, due to the unavoidable competition in the free market, the risk of increase of the calculation power is acceptable

[Fretcy]

For the ease of mining and for the people to get involved in bitcoin mining all are getting on cloud mining which is easy because a company will be actually mining and they will be having good horse power machines for mining and you just have to invest something for that cloud mining company and they will pay in back in bitcoins when they get profits from mining. First you need to make sure that the mining company is trust worthy as there are lots of risk involved due to more scams in cloud mining.

[monalia]

What kind of risk?

I think only risk is power consumption. But most of the investors are like to this platform because everyone know the mining power supply so you should invest more mining rig  it make big profitable platform the future all the countries are implementing the additional power supply to mining platform and one more risk is cryptocurrency value fall in the market automatically your profit also reduced.

[Shreek]

everything in the crypto world has a risk. I think the risk of mining is smaller when compared to trading, I see the risk of mining is if the mining tool is damaged, then you will lose your mining land. and also the risk of internet networks, so if your internet network is bad, then the system will make you get no results, or just a little.

[rontme]

System risk is very common in bitcoin, and the most common is bifurcation. Bifurcation will lead to the drop in the price of coins and the sharp drop in mining revenue. However, judging from the current situation, bifurcation instead allows the miners to earn. The diverging coins also need the calculating power of miners to complete the process of coin and transaction. In order to win more miners, the coins will provide more areas Block incentives and fees to attract miners. Rather, the success of the miners.

[nioctiB#1]

The risk cryptocurrency miners taking is any time the price goes down their profit will also decrease that makes it challenging for them because they pay a lot in electricity and maintenance of their mining hardware, the price of cryptocurrency are highly volatile so the profit they are getting is not consistent. and there is also risk because of competition with miners on who will mine the next block and take the block rewards. for those big mining pool with huge shares in hashing power have no problem with this.

[bunca]

When the currency price falls to a certain extent, the output of the mining output is less than the electricity generated, there will be a loss. However, according to estimates, electricity 5 gross, the price of 6000 below the possible loss, the current price of nearly 40,000, unless there is a special reason for the short term price down to 6000 may be negligible. Such as regulation.

[bisdsad]

The risk of absenteeism will continue to rise, at the same cost, but the digging of coins will be harder to get over time, and miners will need to be repaired on occasion, costing more.

[qwesasd]

In my opinion, the biggest risk is the high cost of mining, because he needs to consume electricity resources, some countries combat illegal mining, which will adversely affect mining and the damage of mining tools, which will make you lose hugely.

[Deepanshu bhatt]

 skyrocketing fortune is the biggest risk of mining investment.

[sasinghal]

I exactly don't know about the risk of mining bitcoin but i don't think mining is worth. Because in mining the resources cost is more than what you will earn through mining.

[trickyriky]

What kind of risk?

Mining is almost not risky business at all. The bigger "risk" here is just to spend much for the quipment and wait long for the first profits.

[drm]

What kind of risk?

Mining is almost not risky business at all. The bigger "risk" here is just to spend much for the quipment and wait long for the first profits.

One could argue that if the difficulty gets too high or you get unexpected downtimes due to rig problems you will not be profitable in the end.

[redsun114]

What kind of risk?

Mining is almost not risky business at all. The bigger "risk" here is just to spend much for the quipment and wait long for the first profits.

One could argue that if the difficulty gets too high or you get unexpected downtimes due to rig problems you will not be profitable in the end.

That is a possibility but the unexpected down times do not really stay for long or at least there is a recovery always. We had such circumstances in the past but things improve with time. Let’s just not think about the far future. Mining is profitable business for at least coming few years. Crypt currencies are hot topic nowadays but it would take some time before the whole world gets to know about them.

[jeluhtajem]

many types of risks in mining, the first of which is the device used to mine, has the risk of damage because the tool is in use in a long time without stopping.
and the second one, is a resource, where electricity is the main obstacle, not a few miners who suffer a lot of losses, due to the results they get, less than the electricity they have to pay

[linkHA]

Mining may face policy problems, which is the first point.
Second, if the price of bitcoin has a relatively large decline, mining needs to be bought robot, and the cost of mining may be too high, resulting in a loss of money.

[metenjean]

I think most risk that occurs is the device problems, whether your mining tools has broke down before you even reach equilibrium yet or no. I dont think that electricity is a problem because its a fixed cost, just like if we had a business we need manpower to help us so i think electricity only cost a few and it also the primary main power for mining. However before you started any mining you should started calculating about timeframe, when will you reach the profits, if cryptocurrencies spike and last longer then a month then most likely you will get profit soon and not to mention the longer the dump, the longer you will get back your capital  

[putrisa]

What kind of risk?

the risk of mining is not so great because mining is the one who produces bitcoin so they will not have the risk of getting stuck in high prices.

[jimrome]

What kind of risk?

the risk of mining is not so great because mining is the one who produces bitcoin so they will not have the risk of getting stuck in high prices.

If you magically have a lot of mining hardware then it is a great way to make some coins,if you do not know understand the catch here,i could explain,the reason why everyone is not mining is simply because of the high investment charges for the mining hardware .You can mine for fun if you are not serious about it,but you can try alt coin mining .