Bitcoin Mining , Is it worth it?

[juiceannabel]

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 ! 

do you think bitcoin mining is not profitable ?
mining indeed cost electricity, but it is still profitable for me.
you should wait for the long term in mining to earn more.

[andrew1carlssin]

POW is about to convert electricity and silicon to hash ...  isn't it ?

[tooiu3]

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

Cases of illegal “mining”, trading, and use of cryptocurrencies have emerged in an endless stream worldwide, and the imperfections and risks of the cryptocurrency exchange market have become increasingly prominent. In recent days, multinational financial regulatory agencies have successively introduced policies to strengthen the supervision of cryptocurrencies, so it is not worthwhile to mine illegally.

[Sithara007]

Don't indulge in the system. Once you get addicted you cant fall back. Beware of it

Hmm.. Once you invest your hard earned money in the mining rigs and other equipment, it is impossible to pull back. You will keep on mining, even if the revenue from it doesn't even cover your electricity bill. Some people find it hard to accept defeat and move on.

[whiut]

I don't think it's worth it because Bitcoin becomes harder and harder to dig. It has already been mined and it wastes more power.

[bighok353]

If you want to dig for Bitcoin, I don't think it's worth it because the cost of digging Bitcoin is too high, and, over time, bitcoin's difficulty is gradually increasing. So I do not recommend you to dig bitcoin.

[Carrelmae10]

..for me,,bitcoin mininig is worth kung ayaw mong maghirap maxado sa pagtype,post,or click in earning bitcoin..as along as my enough fund ka para maafford ang mga kelagan mo sa pagmimina,eh pwedeng pwede mong gawin yan..Ayun nga lang,,malaki talaga ang gagastusin mo sa pagmimina..kaya kung ako sau,payo ko lang,ganun din lang na gagastos ka ng malaki,,try mo nalang kaya maginvest o kaya magtrade..marami pa namang ibang paraan para magkaron ka ng bitcoin.

[alexros20]

Mining is the process of spending computing power to process transactions, secure the network, and keeps everyone in the system synchronized together. It can be perceived like the Bitcoin data center except that it has been designed to be fully decentralized with miners operating in all countries and no individual having control over the network.

[atutay]

For you to maximize the profit in mining, you must know what gpu to pic, which coin to mine and etc. There are several things you need to consider first before you start mining. And you must research about it because it might be waste of money if you did not purchase the best gpu and best setup for mining.

[shezu007]

Mining is the way toward spending figuring energy to process exchanges, secure the system, and keeps everybody in the framework synchronized together. It can be seen like the Bitcoin server farm aside from that it has been intended to be completely decentralized with mine workers working in all nations and no individual having control over the system.

[reactgirolles6]

Try to mine in other altcoins rather than btc because there is already many high tech mines in btcs

[AlexAtom]

Yes it is, bitcoin mining is still worth. Currently, im mining bitcoin with some tools.
and not only bitcoin, but altcoin also. You can still earn some profit from mining crypto.

[squallw]

In this red days, mining not worth if you need to mine to pay your dinning.
It worths, if you can mine and hold your coin to sell when the markets rise again.

[DoublerHunter]

As the price of bitcoin is going down and as the capital is not that average because you need a lot of capital to start a decent mining for bitcoin then i will say that it is not worth it because you cannot be sure that you will be earning good decent profits in the long run because the market is volatile and it is not for the people who want average to low risk type of investment because it is very risky and it is just like gambling.

[xhoondilan]

Well if you study on bitcoin mining then it is worth it for you really can earn more but if you just do ot righ away and make sudden decision then it may cost you more money. Also you should consider using alternate electricity source to have less electric bill.

[Tambu]

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 ! 

For 6 GPU you can earn around 1000 US Dollar (PHP51000) a month (it could be more or less)
Monthly power bill around PHP10000
Price of one (1) GPU approximately PHP35000

Approximately 6-7 month before you can break-even on your investment.
Mining is huge investment to start and it will take time to get your ROI.
If you have enough money to invest then its good though. It's a low risk investment. 
 

[Emjohn.]

Yes, I think it is worth it to do bitcoin mining as long as the mining site is true. Beware of the mining sites that requires you to pay an amount to claim the mined bitcoin because it could be a scam.

[altercreed]

Yes it is worthy and bitcoin mining is one of the ways to earn bitcoin without having to work all day. But making a mining rig is not an easy thing to do if you don't have enough money.

[Troysen]

Mining can be quite profitable especially if you have the technical know how on how to go about it. acquiring the necessary equipment is expensive enough and if the electricity cost is high too then it might not be as lucrative as the process needs a lot of electricity. in such a case, i would recommend trading instead

[as,kdhakuy69]

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 ! 

It is only now that we have begun to contact mining. I suggest not to participate. First of all, the electricity bill is the first factor. Secondly, you don't have professional skills for the configuration of the mining machine and some skills are unfamiliar. The matching is unreasonable. The important point is that bitcoin has too much computing power. It is difficult for ordinary people to dig into it, and the income from joining the mine pool is not high. If you want to dig mines, look for ETH or some other new cryptocurrency.