Bitcoin Mining , Is it worth it?

[Elrozaq]

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 ! 

Mining is so expensive, 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. it is no problem , if you have much money. But I prefer bounty campaign and investing in long term.

[jurelmartin]

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 worth it if you can do maintenance for your equipments, i mean its worth it if you have a really long Patience, because mining is extremely costly

[laserfocused]

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.

[Sedorikku]

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 me,  if you have a completely have an mining set and that would be worth it but if you don't have any of it you will suffer for that. Many people said that mining is also great thing for earning some bitcoin and it more fast that other but for me it is very hard because it eats a lot of electricity and it make you suffer.

[Sithara007]

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.

Even if electricity is absolutely free, I doubt whether Bitcoin mining can ever become profitable for the small-scale miners. You may be having better luck mining some of the altcoins, such as Bitcoin Gold or Litecoin. Bitcoin mining has been monopolized by the mega-mining farms.

[Decima human]

I think it is profitable. Even though it is not as much as earlier but it is definitely worth the effort. I would still suggest mining other coins instead of bitcoin because I think they would be more profitable.

[standbay29]

Yes, actually bitcoin mining is very valuable. If you are willing to wait until you lose your investment in hardware purchases, for a simple investor because you really need a high investment and patience as well.

[rollingstorm45]

if you have a large capital, then your monthly income will also be good
even if you rely on your mining tools, it does not matter,
but if the capital is small, I think I can stand it first, because it needs electrical considerations as well

[deepakg2m]

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 your electricity cost is expensive, it is not feasible to mine bitcoin. You should try to calculate your mining profits using website like whattomine.

This reason is enough for you to tell bitcoin mining is not worth for you. my suggestion is better to stay away from this plan and now Mining machines are too costly. Invest that money in different crypto currencies wait for few months you can make a double profit.

Right, if it does not suit your situation any how, then you should not be involved in this because you might suffer loss much greater than the profit you will earn.

[Flame Dragon King]

I think it is worth it but it takes many sacrifices like time and the money to invest in your hardware. But mining is really good way of earning bitcoin just risk and you'll be in success

[Artlee87]

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 ! 

A lot of investment and time is required for this to be worth it; but if those resources are available to you it definitely is worth it. Unless you buy terrible hardware, and live in a place where electricity is expensive.

[Wong Kalong]

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 ! 

Actually, mining is less efficient and I am less interested in mining. Because the mining takes a very long time and the goods are very expensive for us to start. Too complicated and requires a lot of capital. Although I know the results are also great but I prefer trading Bitcoin than Bitcoin mining.

[eekkaa]

if bitcoin is not as expensive as this and to get bitcoin is still easy then bitcoin is still worth it, but for now bitcoin mining is not very profitable because the income is always a little and the cost of electricity is very expensive to make the mining have to think harder to ease the burden of electricity costs.

[OcTA Bd]

Yes of course. Bitcoin mining is undoubtedly worth it but I prefer not to mine bitcoin.
Bitcoin is undoubtedly the best, oldest and biggest crypto currency throughout the world. It really a good source of earning. Mining is also one way but sometimes it turns out to be fake. I used to mine but most of the time I got fooled. So instead of mining now I prefer to do work for earning.

[BennyK]

Bitcoin mining is still profitable only if you know your way forward and can afford the sophisticated machinery like the ASICs it requires, then you're good to go. Talking about the electricity consumption, Bitcoin mining electricity consumption is all exaggeration, perhaps an allegation to halt the progress of Bitcoin in the first place.

[irfandi hasan]

Everyone has his own experience and his point of view, but it really does not look profitable and effective. Mining really needs a lot of capital to buy powerful equipment, and you will not get a quick profit. But if you have extra money, then why not try it.

like your opinion and I agree. clear mining requires a large capital, the first thing to do is to try even though the results are sometimes uncertain. Basically dared try and confident with the option selected

[Theo222]

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 me it is profitable or worth it if we use solar pannels in our electricity. we can reduce our expenses if we use solars because you will never pay more and your profit will be increase than paying electricity.

[Apeshifter42]

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 me it is profitable or worth it if we use solar pannels in our electricity. we can reduce our expenses if we use solars because you will never pay more and your profit will be increase than paying electricity.

LOL. You sounded like its easy and economically possible to setup a solar electricity source.

[vending]

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.

[dubinsky]

I'm not sure if mining bitcoin is worth it. Which I know, the tools for bitcoin miners are expensive, not to mention the need for high-specification computers, expensive also in the end. The cost of electricity consumption also needs to be considered.