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Author Topic: Bitcoin Mining , Is it worth it?  (Read 1771 times)
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March 02, 2018, 09:36:36 AM
 #101

I thought about it, but decided that it did not suit me. To do this, much is needed and this is costs that are not small. I prefer to participate in ICO, Bounty and Airdrops.

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March 02, 2018, 09:50:16 AM
 #102

Hi there. I'm planning to build a Mining rig too. and I've learned that in order for us to earn a good amount of bitcoin, we need to have at least 6-8 video cards on our first mining rig. you can pay your bills for the electricity and Internet and there's still left for you. just make sure that you have a room with proper ventilation because it will be hot as hell when all those video cards are starting to mine.

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March 02, 2018, 10:39:48 AM
 #103

This is quite a costly enterprise, in addition to the fact that you need to buy expensive equipment, you still have to pay large bills for electricity. Investments seem more convenient to me.

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March 02, 2018, 04:59:26 PM
 #104

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink

It depends very much not only on the price of the electricity in the area you live. Today too many people are involved in the mining process. Therefore only a powerful mining farm, which is very expensive can bring you the profit.

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March 02, 2018, 05:05:51 PM
 #105

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink

It's worth it but the expensive is real , by the way I'm from PH too so I would give you some tricks or tips I guess , first is learn the mining , and do some auction I think or have a friend who knows or expert and buy some equipment that at low cost but the quality is better. And mining needed a lot of power and a better climate so in here ph on our country it's so very hot , so I think you will provide a lot of cooler. In spite of expenses that you will face , in the end it's all worth it.

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March 07, 2018, 07:03:45 AM
 #106

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink

Bitcoin I think is a coin that most difficult to mine. Even in the pools it is very hard. And even with the help of special equipment. I think that it is much better to find any other coin for mining.

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March 07, 2018, 07:12:29 AM
 #107

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink
I know someone mining bitcoins and yes it is worth it but you need big money to build it. My friend spent almost 2 million in your currency just to mine bitcoins.

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March 08, 2018, 11:18:32 AM
 #108

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink
I know someone mining bitcoins and yes it is worth it but you need big money to build it. My friend spent almost 2 million in your currency just to mine bitcoins.

When bitcoin hits another all time high, then you'll see that mining is well worth it. Of course your profit then would depend on the value of the coin you're mining. And there will for sure be a time when bitcoin will regain its bullish run.

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March 08, 2018, 11:24:29 AM
 #109

Of course. Bitcoin price is rising, there are still btc to be mined, there's also a large number of alt-coins to be mined,etc... But you'll probably need to invest quite a sum to be able to mine btc and make it profitable. I'd suggest you to mine some alt-coins, rather than bitcoin.

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March 08, 2018, 11:30:35 AM
 #110

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink
I think bitcoin mining is worth it. It is a stable way to get bitcoin. But you have to spend a lot of money to buy equipment to dig up bitcoins, and it takes a long time for you to earn back your principal, which is a long process. To get more revenue, you need to look for cheap electricity.
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March 08, 2018, 06:52:59 PM
 #111

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink
I know someone mining bitcoins and yes it is worth it but you need big money to build it. My friend spent almost 2 million in your currency just to mine bitcoins.

When bitcoin hits another all time high, then you'll see that mining is well worth it. Of course your profit then would depend on the value of the coin you're mining. And there will for sure be a time when bitcoin will regain its bullish run.
This is really inspiring and good thing to see this much benefits of bitcoin, if your friend is good at mining it is good to use, it will need a lot of capital to invest the high electricity so if you are affording all these things you should go for mining, according to me it is good to invest in your capital for long time instead of mining as it is easy way to get fast profit, also we can join the signature campaign for making free bitcoin every year.

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March 08, 2018, 11:34:03 PM
 #112

I think now days bitcoin mining is too expensive and very hard. You can try altcoins mining. To mine need high power GPU and need huge expensive and mining rate is low now. So I am not suggest to mine btc I am suggesting you to mine altcoins which have bright future
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March 08, 2018, 11:36:27 PM
 #113

I think even though there are new and "more profitable" ways of earning bitcoin, mining is still a viable way to earn. Putting into account that you don't even put money on mining, and it only requires a good personal computer with a stable internet connection, I think it's still a viable way yo gain bitcoins.

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March 08, 2018, 11:39:56 PM
 #114

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink

I wouldn't recommend mining bitcoins here in the Philippines. Try switching to alt coins to mine. Bitcoin mining isn't as profitable now as compared 8 years ago. Plus, as you've mentioned, Philippine electricity isn't cheap at all and the climate in the country sucks.

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March 09, 2018, 01:54:58 AM
 #115

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink

bitcoin mining is cost high indeed, at the current time you may not gain anything.
but for the long term, i am sure bitcoin mining is profitable. you just need to do it consistently.

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March 09, 2018, 02:26:24 AM
 #116

Now the excavation has become a movement, the Bitcoin digger, the bitcoin digger, so the manufacturers compete to launch a variety of different models, accompanied by the inflated of the buffalo driving The speed and amount of money received should make the new miners to spin as fast as not know which machine to choose and pay the fastest. You should investigate carefully before doing this work.

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March 09, 2018, 04:57:04 AM
 #117

I do not think it's true for bitcoin miners to see that bitcoin is currently decreasing if you do mining, then what you are struggling will not match what you get. My advice if you want to do mining then it is better if you choose a better altcoin and more dominant in price issues. Because mine requires patience and persistence so that everything can be smooth.

Although the mining method is stable, but the yield and return are relatively long-term, I still recommend the speculation and mining at the same time.

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March 09, 2018, 05:01:42 AM
 #118

Bitcoin mining is worthy only if free electricity or at very low cost. The initial investment in mining is too much also needs technical skill and time. in my view trading or investing in Bitcoin is more beneficial than mining.
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March 09, 2018, 05:17:48 AM
 #119

Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink

I do think that mining bitcoin is a good way for learning and gaining knowledge, but it is hard to mine bitcoin especially if you don't have the proper rig to use in mining. If you are really interested in mining you can buy high-end GPU's as much as five 1080 GPU  for you to be able to actually earn through mining especially as you said PH has expensive electricity or you can buy ant-miner which really costs a lot as much as the price as you are buying five GPU's but even if you have those resources it will still take time to break even your costs on your rig and plus the electricity. This is why I prefer on just investing directly than mining. I don't have against on mining but it is only good for knowledge and learning. The era of mining has gone past and I also have missed that chance.














 

 

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March 09, 2018, 06:22:53 AM
 #120

stay assure, bitcoin mining is still profitable nowadays.
if you compare with the cost and the gain for a long term, you will still profitable

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