hxxxiu
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March 15, 2018, 07:58:36 AM |
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Bitcoin mining has been very difficult and extremely power-consuming. I think this is a loss-making investment.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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11adamsBTC
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March 15, 2018, 04:49:20 PM |
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Though it has many competitors but still it has advantage because regardless of market you can mine btcs well
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pubmongrelT
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March 19, 2018, 03:17:56 AM |
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Btc system is overpopulated and competition to become better miner prevails still and so you as beginnner should not try it
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mkcube
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March 19, 2018, 03:19:47 AM |
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Yes bitcoin mining is worth it.Though it has many competitors but it has a great advantage to orher.Because regardless of mining you were also using btc.
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Caesar Cung
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Industry 4.0 is called Bitcoin
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March 19, 2018, 03:28:57 AM |
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Yes bitcoin mining is worth it.Though it has many competitors but it has a great advantage to orher.Because regardless of mining you were also using btc.
Difficult BTC has increased, if there is no peach will not be born BTC brother, machinery workshop to do nothing? One more thing about the level that you say the market ever revived? 1 or 2 years  Touching on such a group benefit, I think about $ 6,000 may be the bottom for btc to revive. The Ministry of Education and Training (MOF) has completed the hypothesis in 2140 - but that is not all because it is still expensive to train the BTC will still be born - it is the cost for the excavator. When BTC falls into the low price area with the assumption that you think the BTC excavation will only result in losses, if an individual or an organization have to pay the cost of digging each month, the excavation on the ongoing. If that person does not believe BTC will revalue => Crypto loses a large community for a long time if that hypothesis occurs, and as said, touches on group interests while Crypto is catching up on the investment wave. that's unlikely. |
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Evangeline2
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March 19, 2018, 06:54:25 AM |
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I think the BTC is not suitable for mining now, because the price of BTC is already very low, and it is better to buy BTC directly if the investment is mined.
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corinccy
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March 19, 2018, 07:14:58 AM |
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nowadays, not worth. the annual supply is getting less and lesser. I suggest you directly purchase btc instead of spending on graphic card. Do trading at cryptopia,coinbase ,any crypto trading site.
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noorman0
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March 19, 2018, 07:22:38 AM |
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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 !  Are you a Filipino? Well, bitcoin is not anymore profitable in Philippines since there is a high cost of electricity and we all know that mining uses current so much. I want also to try mining of bitcoins but I am doubting if I will gain or loss my capital. For mining does require large electrical energy. If you have inadequate infrastructure, you should have other protable equipment to cope with mining needs, or not to continue with this plan. |
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parker99
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March 19, 2018, 07:25:38 AM |
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It is worth it if you are very busy doing your job, let your mining desktop earn money for you. But it is not easy to build a mining rig that will surely bring profit for you. Electricity bills, graphics cards, and internet bills costs too much especially if you're living in the Philippines.
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Sithara007
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March 19, 2018, 07:27:32 AM |
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I don't think that small-scale mining is profitable right now. That said, when the exchange rates rise in the future, your investment in mining can potentially bring you 5x or 10x returns. This is what happened to those who persisted with mining when the prices were low in 2015 and 2016.
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Ruffian14
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March 19, 2018, 07:29:30 AM |
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Yes if you have money to buy those mining rigs equipments and all the things needed in bitcoin mining. It is worth it for a long term invesment because many of my friends doing it and they say that you will have your return of invesment in 7-8 months and a maximum of 1 year of running it 24/7. In that period of time, you can have your invesment back and they said that they computed it less all the expenses like electricity. But this type of thing is really expensive for you to have a full set up of mining rig.
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Russlenat
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March 19, 2018, 07:45:30 AM |
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for me it will depends on the budget of the miner, because of the mining hardware that too much expensive that only rich people can afford to buy the hardware to mine bitcoin, but for low budget miner they mine altcoins instead that has a low cost mining hardware and easy to mine altcoins.
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WorldBiz project
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March 19, 2018, 09:36:12 AM |
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According to a recent study by the company Power Compare for mining bitcoin takes 0.13% of electricity in the world. If bitcoin was a whole country, it would have been ranked 61st in the world;)
But not everything is so fun. Over the past month, electricity consumption for mining increased by 29.98%. If the dynamics are the same, then by 2020 our cue ball will consume all the electricity in the world.
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jeremypwr
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March 19, 2018, 09:38:04 AM |
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Unless you live in Iceland or Venezuela, your best bet is NO.
It would be more financially rewarding to just BUY and HODL your coins.
While there may be other crptos worth mining, I wouldn't suggest Bitcoin.
I'm not expert on this subject TBH, but I think this is the general consensus.
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zolfa
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March 19, 2018, 09:43:04 AM |
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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 ! If you feel you have the ability in bitcoin mining, it would not hurt to try it. Obviously if you're in the mining world you have to have more costs, because as we know the tool to mine bitcoin is quite expensive. And at least you learn it first before actually plunge into the mining world. because that's the most important step. |
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Pesona1
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March 19, 2018, 09:45:14 AM |
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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 ! If you feel you have the ability in bitcoin mining, it would not hurt to try it. Obviously if you're in the mining world you have to have more costs, because as we know the tool to mine bitcoin is quite expensive. And at least you learn it first before actually plunge into the mining world. because that's the most important step. the ability to understand mining science I think that can be learned the most important is the financial ability to buy mining tools, because mining requires a lot of equipment and also the price is expensive. so I think we should require it for the mining needs. |
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marzyyy
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March 19, 2018, 09:50:01 AM |
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Yes, Mining bitcoin is worth it. 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 also live in PH and just like what you've said the electricity bill here is a little bit high, If you're going to invest money why don't you try trading or investing to ICO's? since you can easily earn once the token increase price or the coins you bought increase it's price sometimes you can instantly earn profit in just a matter of time unlike the mining you need to recover the electricity bills you paid, investment to hardwares and maintenance. But to answer your question yes it's worth it if you have a lot of investment.
Remember to invest only what you can afford to lose and don't take risks if you're afraid to lose your money/investments.
How about also investing in renewable source of electricity, e.g., solar powered electricity? |
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lavishlife
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March 19, 2018, 10:32:46 AM |
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some says yes, some says no. but for me if you want to start mining just hodl the btc because price still dump
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ToddDiaz
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March 19, 2018, 10:51:25 AM |
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If you can afford the hardware and the amount of power it takes to mine bitcoin gainfully then it's worth it, but to me it's just easier to invest and just hold.
The amount of bitcoin left to mind is not so much anymore so it has gotten harder to mine.
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RepublicSpace
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March 19, 2018, 10:54:16 AM |
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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 that nowadays mining bitcoin is not as profitable as some years ago but it is still worth it. But I don't think that you should mine it at home, the best way to mine is cloud mining, but it is my opinion |
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