Bitcoin Mining , Is it worth it?

[auliasilvana]

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 ! 

Yes of course very worth it. Bitcoin mining is very profitable if we can be patient with all the process. Mining is profitable but takes a very long time and requires tools that are quite expensive. I prefer to trade Bitcoin.

[Chaelbrin]

I believe it's not justified, despite any potential benefits for little capital merchants and financial specialist to have a bitcoin mining as a result of the expanding power charge and the estimation of the GPU's in the present market is to a great degree high for the occasion. Yet, in the event that you can have a hundred of mining of apparatuses and a pleasant and cool place to begin your mining it certainly worth on the off chance that you can mine ETH or different altcoins on the grounds that mining bitcoin isn't prudent on account of its piece are harder to get.

[Faxmate]

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 ! 

I think its not worth. Investing in mining is very complicated and need technical expertise for the maintenace and aside from mining also is very expensive it requires a big capital before you can earn.

Yes for sure if you want to mine you have to spend high amount of money for it to mine and to buy highly expensive equipment’s but once if you will buy it then later on you will be happy for your high profit because there are a lot of people who have become millionaires with bitcoin mining and trading, I am sure soon you will also learn easy and technical way of earning form mining.

[Lakshitha1977]

Mining is not profitable at all in my country, Main problem is electricity, we already have huge electricity bills, if a mining software or a mining rig is to run there will be no profit after covering the expenses. and also parts that needed to mine are also not to be found in here, so if someone started mining they have to import all the necessary items, and it will cost a fortune.

Best way for is to buy some BTC and alt coins and HOLD them, and make a decent profit out of it.

[Md.salauddin]

Now bitcoin mining is so hard and competition level is so high but if you can you start altr mining its profitable now

[mohor]

No. If you want to strive for mine, you need to try altcoin mining
select a potential new altcoin, mine as a great deal as you could, hold a while and maintain looking the marketplace
whilst the fee soar excessive, sell all your coins and preserve mining best if it is nonetheless worthwhile
otherwise just discover some other ability altcoin and repeat

[hasimkamal]

If the electricity cost is reasonable and the mining rigs are available then it is worth it.

[Silverstar]

I think that mining of bitcoin for ordinary people has long been not profitable. In some cases, mining bitcoin can even bring losses!

[Sumo]

I do not advise anyone to engage in mining, because I think that it is long and not very profitable. But this is my personal opinion. I see a more profitable investment.

[kofibee12]

As you have indicated that electricity cost is high,it will eat into your profit. Yes bitcoin mining is worth it but it need resources like capital,knowledge and your time in order to reap the maximum benefit.

[amitchoubey14]

Litecoin Mining online. Received: 0.20000000 LTC - Transaction Receipt (TXID): https://[Suspicious link removed]/8trWJU Earn Litecoin, visit: https://ltcminer.us/573778

[Ishiro5]

A major cost you should factor in is electricity, if it is quite expensive where you are, then you may want to reconsider. Also, how recent is the mining equipment you want to use, if not so recent its also a red flag because that would mean your profitability will reduce soon with that machine. You should also consider locating your mining equipment in a very cool environment so as to reduce cost and maximize efficiency.

[drukoz2]

Investing is not in vain more popular-it is much easier and more profitable. You do not need to buy expensive equipment, pay large bills for electricity.

[olegblinov86]

Mining does not seem to me as profitable as investment, as it requires the purchase of expensive equipment, as well as payment of large bills for electric energy. Therefore, it is much easier to immediately buy bitcoins.

[jhonnydeep87]

There will be one serious problem and most of the situations on this topic are made for advanced users. If you are not a professional programmer or you have no experience working with Ubuntu and Linux and have little experience using Mac or PC, this text helps you get started with the markets.

[boddy.dy]

Mining in bitcoin for me is a very wise move and I can strongly say that this is worth it. Mining is one way of gathering bitcoin without any sweat needed because all you need here is to turn it on and wait for your bitcoin then if you have it wait until your desired amount or value of bitcoin comes out. The only catch here in mining is that this requires a quite huge capital for the devices you need and the maintenance of it. Well the device is your which you can use in other ways if you think that you are not successful in mining and you can also sell to get your capital if you don’t feel good with this strategy.

[alkiw21]

I think a mine might be worth it if you have substantial capital. If you do not have big capital for it I think it will be in vain. That's just my opinion because I have no experience in mining. I have not learned about mining rig and so on. Try doing it if you believe that mining is feasible.

[Sithara007]

I would love to say that mining is not profitable. But those guys persisted with mining in 2013 got huge returns after the exchange rates increased. But a lot depends on whether you are purchasing your mining equipment using Bitcoin or fiat cash. I would prefer the second option.

[xbudahx]

you can not get rich by bitcoins at home if you are not going to buy a lot of equipment or expensive electricity in your region.

[dekafee79]

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 ! 

I think, The mining equipment is very expensive, Mining is worth,  If you're willing to wait until you recover your investment in buying hardwares, maintenance and electricity. Actually building mining rig is not for a simple investor because you really need a high amount of investment and patience as well. I prefer to participate in bounty campaign, it is no risk.