Bitcoin Mining , Is it worth it?

[shata]

Well technically speaking, it depends. Whenever you are pertaining to the perspective of the concept of cost-benefit relationship, so should you be vigilant when investing especially when you are about to engage in bitcoin mining. Bitcoin mining needs a lot of factors. Electrical fee, capitalization of machineries and equipments and computers, patience because you are about to received your roi Return on Investment months after you got engaged already. So the thing is, calculate the cost you incurred versus the benefit or income you received.

[Clifmeister]

It's really high risk and a lot of things need to be considered from your starting capital, location, operating costs, etc... You need to think all these through.

[Tytanowy Janusz]

https://www.c[Suspicious link removed]m/2018/02/15/the-cheapest-and-most-expensive-countries-to-mine-bitcoin.html
When you live in Venesuale - hell yea. South Korea - hell no

[BlackRacerX]

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 ! 

Nowadays, bitcoin mining isn't so pleasant specially when you're living in a third world country like the Philippines. Electricity isn't really cheap and mining rigs are priced off the roof; too expensive even for a bitcoin whale. Might want to stay away from it and just buy bitcoins right out of the exchanges and then trade.

[teddyppap]

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 ! 

Buffalo bitcoin tends to be quite familiar to bitcoin investors. There are almost a lot of investors who buy bitcoin diggers themselves, although the electricity bill is quite high, but that's only part of it. It is important that the benefits of bitcoin production are right and worth the money you spend

[Boknoyz]

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.

[Jerzzz]

I do not think it is worth it, your light bill might be more expensive at the end of the month and bitcoin if any found does not cover that bill. You are also going to need a high power machine to speed up the mining. The best way to get bitcoin is bitcoins is by trading.

[callmeback]

I know that i have minimum knowledge about mining and honestly i dont have any experience in bitcoin mining the reason is i dont have the hardware to run or to mine in my desktop my income is not that high to buy the required specs for my desktop. Bitcoin mining needs a lot of factors. Electrical fee, capitalization of machineries and equipments and computers, patience because you are about to received your roi Return on Investment months after you got engaged already. So the thing is, calculate the cost you incurred versus the benefit or income you received.

[Sandijoee]

of course bitcoin mining is good enough to earn money and one to look for bitcoin. But if the appeal by investing, you better you invest in the appeal by mine for mining losses big enough. Must have a computer that is strong enough and must pay electricity.

[domerosan10]

Mining is one way to find bitcoin. But it depends on your own want to mine or not?
because everyone has a decision, If you want to do mining try another coin like Ethereum maybe there you can get a profit from it although not as much mined bitcoin.

[Dhaniii]

mining bitcoin I think is very feasible, or even very profitable, because electricity in my country is still quite cheap. so any income from mining proceeds, maybe 10% to pay for electricity.
if the electricity in your country is expensive, maybe you can increase your mining speed, or create your own electrical energy, like solar power.

[iyan33]

many tricks and bits mined bitcoin ie Step 1 - Get The Best Hardware For Mining Bitcoin

Buying Bitcoins - In some instances you may need to purchase hardware to mine using bitcoins ..at this time, you can buy most of the hardware in Amazon. You may also want to see the bitcoin ratings.

How to Start Mining Bitcoin

To start mining bitcoin, you need to provide hardware to mine bitcoin. in the early days of bitcoin, we can still mine with a computer CPU, or a high speed video processor card. Now it's not possible anymore. ASIC Bitcoin special design chips deliver performance up to 100 × folding capabilities of existing systems, and have now dominated the Bitcoin mining industry.

mining Bitcoin with less equipment will cost more electricity than the possibility of earning. Mining bitcoin with the best bitcoin hardware specifically designed for that purpose is essential. some companies like Avalon offer a very good system specially designed to mine bitcoin.

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[bitbunnny]

If you are the single miner I wouldn't suggest it, it's not worth costs and efforts. You will spend a lot for quality equipement and at the end you will not be satisfied with profit. Also I don't suggest to go into cloud mining because there are a lot of scam scheems and it's hard to find the legitimate cloud mining services.
My suggestion is trading, it's much better option although it's risky and it takes some knowledge and skills.

[Pejoh Asu]

Many success stories from bitcoin miners some time ago when prices are still under $ 1000, but it's a lot of sad stories for miners when the price is over $ 10,000, as we know that bitcoin stock remains so if more miners it automatically becomes our mining competition  will be strict.

[Jedzkie050617]

It's really high risk and a lot of things need to be considered from your starting capital, location, operating costs, etc... You need to think all these through.

Yes definitely,  actually I didn't try bitcoin mining my self. But base kn what I read here in the thread crypto mining is risky but very profitable when you got the best chance.  When you are planning in bitcoin mining you need to consider all the factors and possible circumstances that may occur on your way to success.

[jmvzlfyg]

Bitcoin mining has always been the best way to profit from the encrypted world, but now the threshold is getting higher and higher. It's hard to find cheap electricity, and you need a stable supplier of miners.

[Gila uang]

I think there is nothing wrong with the existence of bitcoin mining, because I am one of them. My reason to join bitcoin mining initially because of limited capital to make a deposit and then in trading, but lately I prefer mining than trading, in because the price unpredictable.

I think mine as much as you can, long and keep watch market as price jumped high, sell all coins you, and continue to mine only if still benefit if only looking for altcoin other potential and repeat if you want to try to mine, you should try mining altcoin choose altcoin potential new

[kirito1614]

Bitcoin mining as of now won't be very beneficial I think as there are as of now numerous diggers there and furthermore the gear they utilize are extremely costly and furthermore capable when contrasted with any illustrations card. On the off chance that you wanna go for mining attempt some other coin like Ethereum or some other coin possibly there you can receive some benefit in return.

[Sidas_Crew669]

Not a good idea to do it now. There is a lot of competition going on and the difficulty is getting higher.
You will need a lot of capital for this to be a success. Your electricity, PH is very expensive, mining requires a large and stable electrical power.
You better look for another coin, if you really want to mine, But I'm sure there will be more out there considering the popularity is in the hands of ICO now.
They have their own number of coins and no mining is required.

[MetaMod]

If you will think about it, mining is a long term investment and you need a serious capital for this. You will have to wait for a long time to get your equipment and operation costs back thus I suggest that you learn about trading. With the right skills and timing you can multiply your investments for a short period of time. Nevertheless it's for you to decide. Read more about mining and trading so you can chose. At the end of the day you will decide so think carefully and don't forget to just invest what you can lose because this can ruin your life if you are too reckless. Good luck!