TorbiK
Full Member
 Offline
Activity: 448
Merit: 100
Diagon
|
 |
March 19, 2018, 11:06:50 AM |
|
If you invest a lot of money, then there is a chance to earn money. With small investments, you will hardly get a profit.
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
hinayupak
Member
Offline
Activity: 200
Merit: 10
|
|
March 19, 2018, 11:36:56 AM |
|
Bitcoin Mining , Is it worth it? Mining cryptocurrency seems like a no brainer. Set up a computer to help solve complex math puzzles and you are rewarded with a coin or a fraction of a coin. Back in the day, the first bitcoin miners were able to earn coins relatively quickly just using what computing power they had in their homes.Today, cryptocurrency mining is a little more complicated and involved. With bitcoin, the reward is halved every four years. On top of that, serious miners have built huge arrays to mine, making it harder for smaller miners to compete. You can join a bitcoin mining pool to be more effective, but that comes with a fee, reducing your profits.Some crypto miners instead opt for other currencies. It’s possible to mine ether, litecoin, monero, z-cash, and a number of other cryptocurrencies.Some of these cryptos are worth very little in US dollars. However, it’s possible to use what you mine and convert it into fractional bitcoins on an exchange, and then hope that BTC gains in value.
|
|
|
|
|
|
damrianto
|
|
March 19, 2018, 12:13:40 PM |
|
bitcoin mining is great for bitcoin, we can see Bitcoin as a large global cash system that stores the history of transactions or the movement of money from one person to another.
In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process mining ..
|
|
|
|
|
andregunawan1
Jr. Member
Offline
Activity: 224
Merit: 1
|
|
March 20, 2018, 04:16:54 AM |
|
bitcoin mining is very good, everyone can invest in technology, high-priced electricity bill better I ico mining investment and I can technological investment even though my spelling can not fulfill I will join ico mining because it can suffice my life
|
|
|
|
|
|
airdnasxela
|
|
March 20, 2018, 04:22:05 AM |
|
It actually depends on the person. If he has money for capitalization in buying the expensive equipments, then go. Buy If you go with it, you really need patience since the way it regenerate money is slow and you need to wait for a long time just to get back your money on your capitalization. But after a long wait, it worth it. On the other hand, if you really do not have that much money, do not do mining.
|
|
|
|
|
jayveerastrullo
Jr. Member
Offline
Activity: 266
Merit: 1
|
|
May 10, 2018, 01:28:43 PM |
|
Mining bitcoin today is very risky that you need a lot of money to buy high end equipment, also a lot of time.
|
❤ humancoin ❤ (https://www.humancoin.net/)
Join our whitelist!
█A new era of charity █ |
|
|
Quicksilver143
Newbie
Offline
Activity: 110
Merit: 0
|
|
May 10, 2018, 01:36:39 PM |
|
Yes it is worth bitcoin mining if you can take and sustain and face the risk of the investment you did at first place. A good mining rig is very expensive and yet the electricity too. You will suffer at the beginning but you will have a good profit later on.
|
|
|
|
|
santafewarrior1980
Jr. Member
Offline
Activity: 179
Merit: 1
|
|
May 10, 2018, 01:41:20 PM |
|
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. |
█ █ █████████ BITGOALS █████████ █ █
SPORT TOKEN PROTOCOL: REWARDS FOR SPORT ACTIVITIES
https://bitgoals.com
|
|
|
|
carlisle1
|
|
May 10, 2018, 01:46:17 PM |
|
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 ! First is do you have high capital to enter the mining world?do you know how much every miner and will cost you higher because of high electricity in your region..you know what?be practical instead of mining why not go for trading amd holding?i know that this is risky and hard for newbie to generate income but in time you will learn and can make profit here |
|
|
|
|
|
dongosquad
|
|
May 10, 2018, 02:02:05 PM |
|
bitcoin mining is great for bitcoin, we can see Bitcoin as a large global cash system that stores the history of transactions or the movement of money from one person to another.
In the case of Bitcoin, this process is not done by individuals or companies, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process mining ..
Big profits are also offset by large capital. Mining is profitable but also requires considerable cost, including the cost of electricity and maintenance tool mining. But, for those who have a passion for it will certainly be able to solve it easily. |
|
|
|
cryptogideon19
Member
Offline
Activity: 316
Merit: 10
|
|
May 10, 2018, 02:14:14 PM |
|
First before you enter the MINING you should be prepared for the next. You can either lose or grow into. First of all the GPUs that you will use, it's quite a while before you get the investment you spend. Secondly, you will find that HODL is sometimes up and down the market so the price is not stable. So think about it before you go.
|
|
|
|
|
funyjackson
Newbie
Offline
Activity: 73
Merit: 0
|
|
May 10, 2018, 02:20:47 PM |
|
it is not wise to earn bitcoin by mining now . more and more people have joined . the income will be less and less . and invest a lot of hardware equipment . there are also expensive electricity rates . you can use this money to buy bitcoins directly .
|
|
|
|
|
crypto.kaka
Newbie
Offline
Activity: 98
Merit: 0
|
|
May 10, 2018, 02:23:06 PM |
|
maybe but in my point of view it,s take time and also take too much time so i suggest you invest in bitcoin and do trade that a good option.
|
|
|
|
|
|
walemil
|
|
May 10, 2018, 02:23:35 PM |
|
In my own opinion, mining bitcoin is no longer worth it for a newbie. You can do it only if you want to learn and do it for fun. You need the latest device which cost a lot to be able to do well in this space and to break even may take a frustratingly long time when you consider the high cost of electricity in your area.
|
|
|
|
|
|
Colt81
|
|
May 10, 2018, 02:25:35 PM |
|
if you are planning to build bitcoin mining you need a huge capital amount to buy hardware. mining is profitable specially if you have wide knowledge on how to care and maintain your hardware and how to choose good alts to mine. and then if you really want to try mining in the philippines expect the high cost of your electric bill per month.
Well everyone has a different point of view, it was stated above that its mining of course you are capable to sustain the things needed ro operate this one, I guess the chances of getting high amount off Bitcoin were great, but due to the fat that nowadays it was concluded that number of Bitcoin were now limited in numbers in which if you build a team in which if this will be proven I guess your entity will not run that much and buying the stuffs needed were very pricey, and what if you it didnt work? I guess investments were a lot stable that this, cause we cannot expect certain time how long do Bitcoin forum would run. |
|
|
|
|
|
bangkecol
|
|
May 10, 2018, 02:29:19 PM |
|
it seems that for now bitcoin mining is too difficult, not as it used to be, this may also be due to less supply of bitcoin, while the amount of mining is very much in the world for now. I think BTG is better for btc now compared to btc, it is also BTG support GPU seems to be devoted to the mining of this coin
|
|
|
|
|
malbano2099
Newbie
Offline
Activity: 84
Merit: 0
|
|
May 10, 2018, 02:30:11 PM |
|
Truly it is worth bitcoin mining in the event that you can take and manage and confront the danger of the venture you did at the lead position. A decent mining rig is extremely costly but the power as well. You will endure toward the start yet you will have a decent benefit later on.
in any case, truly,
It really relies upon the individual. On the off chance that he has cash for capitalization in purchasing the costly types of gear, at that point go. Purchase If you run with it, you truly require persistence since the way it recover cash is ease back and you have to sit tight for quite a while just to get back your cash on your capitalization. Be that as it may, after a long pause, it justified, despite all the trouble. Then again, on the off chance that you truly don't have that much cash, don't do mining.
|
|
|
|
|
blue_dragon
Full Member
Offline
Activity: 251
Merit: 100
Powered by Artificial Intelligence & Human Experts
|
|
May 10, 2018, 02:32:44 PM |
|
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 ! Bitcoin mining is worth it, but in Philippines, I think its not. The electricity in Philippines is very expensive if you are a small miner of bitcoin then it is not worth but if you are a big miner then I think it can be worth it some instance. |
|
|
|
|
TheGodFather
|
|
May 10, 2018, 02:36:37 PM |
|
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 ! Bitcoin mining to me is something that only a specialist could do and not for everybody. You would need to have the proper knowledge to know when to mine, how to mine and what to mine no matter how hi-tech your resources or peripherals are, chances is that they would not come up with something if you do not know how to operate them. That is why I really do think that bitcoin is indeed worth it but only to the people that knows how to use it |
|
|
|
|
Rubble898zaitO
Newbie
Offline
Activity: 210
Merit: 0
|
|
May 10, 2018, 02:39:27 PM |
|
If we are talking about this 3 years ago, I would definitely say yes it is worth it. But with the recent situation, the high cost of building the hardware for your equipment, plus the expensive electricity and cooling condition for maintenance and the time needed to wait to mine a coin, made it not worth of all the investments in the long run. If I have the money, instead of buying expensive equipment and rigs, I would just buy the coin directly and hold on to it.
|
|
|
|
|
|
