Bitcoin Mining , Is it worth it?

[cunguks]

It might look good, but I'm not sure mining is worth for now. Doing mining is very complicated sounding, I mean it requires lots of preparation such as equipments and others. On the other hand, if you're roll in riches and you feel the preparation is simple. Of course, you can try it.

[bitcoinVPSD]

Actually exploiting bitcoin is a way of destroying the environment quickly. Power consumption for the computer is really too big. In contrast, profits from mining give investors a very small. If you choose bitcoin to exploit, then I think you should choose another virtual currency have new economic potential to exploit.   time to dig a bitcoin takes a lot of time   and degrees difficult  day  increase  up

[juragane]

for now I see bitcoin mining is dependent on electricity available in every country, because I see the most important mining is electricity, when electricity is expensive and the income you get from mining is not too much then it is not very profitable.

[BTCWise]

Hi, if electricity is very expensive in your country then I don't think it would be profitable to mine Bitcoin. Besides cheap electricity you will also need specialized mining equipment and this my friend is very expensive. These two expenses could result in you losing money instead of profiting from your mining venture. Perhaps you should consider cloud mining if you are serious about mining for Bitcoin. Cloud mining does have its own risks but at least you wont have to worry about high costs. Just do some research and choose the cloud mining company that you think provides the best value. Good luck buddy

[thepers0n]

Bitcoin mining is very valuable and requires a lot of capital at the beginning.
Also it would be a good idea to mine altcoins. It requires a high investment and patience too.

[1NV3ST0NM3]

Only those with specialized, high power machinery are able to profitably extract Bitcoins nowadays. While mining is still technically possible for anyone, those with underpowered setups will find more money is spent on electricity than is generated through mining. In other words, mining won’t be profitable at a small scale unless you have access to free or really cheap electricity.

[crustycrab666]

If mining is not profitable, I'm sure the miners will switch professions. If it is not worth the money, then the miner will probably prefer trading. So, if you already have a passion for mining, will definitely be able to solve various obstacles. So it is very important to adjust the ability in the way you want to take

[Dark_raven007]

Mining pays off about 10 months. Therefore, I do not consider mining a good investment. There are many other ways to earn money.

[Falgorn]

To unequivocally answer the question of whether it is worthwhile to be engaged in mining of bitcoins, it is necessary to consider two components: the cost of selling the extracted bitcoins on the exchange and the possibility of withdrawing money from them, as well as the complexity of the process of mining bitcoins and requests for equipment.

[Marry Finch]

Experts say, and I so confirm that at the moment simple people, at whose disposal only modest home computers, the production of bitcoins, in fact, is closed. This will require a huge amount of time and resources. After all, the very process of mining is accompanied by some problems, for example, a strong heating of the processor and / or graphics card, the consumption of electricity increases. As a result, at home, the cost of mining will be much higher than the market price of the extracted bitcoins.

[venlo]

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.

[Karakyli]

All this is quite entertaining and interesting, the computer just works, and money drips. Here only it is necessary to find some good computers with a productive video card and a free source of electricity. This is an ugly, but very real opportunity for network administrators of large banks or industrial companies to get a small increase in wages.

[oni4an]

Now there is a sense to mine Bitcoin and will be in the future, the price of bitcoin will be even higher than now. Another point is that now not everyone can afford to buy ASIC miner.

[GladiosM]

Those people who bought equipment in early-mid-2017, really could get some profit. But now everything is not so clear. Getting a reward becomes more complicated. Although to participate in the mining of new projects and crypto-currency, which has a small price and complexity, it is still possible to try.

[melinda29]

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.

[adjudicator]

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 ! 

You have a point, in Philippines the bill of electricity is very expensive but if you will make a mining site for a bitcoin, you should make a more than 1 computer then I think it will be worth it. But you must be computer literate and you must have a knowledge about bitcoin mining and how it manage before you start it because there are some problems that you can face every single day.

[Urbinklin]

Mining is complicated. You will face some problems such as electricity fees, proper ventilation and pay off it can take 4-8 months.

[Victorias]

 Mining equipment is very expensive, there is a huge consumption of electricity and other problems during work. I think that bitcoin mining does not make sense today.

[lukeclick]

Yes, mining Bitcoin is worth , It comes with lots for need for technical know how about solving computer generated problems needed to complete  a block, and expensive  equipment needed for the whole process but in the long run it pays, Bitcoin is the most valuable coin and the miners can keep a portion of what they get to themselves and sell later at a higher price. the cost of mining however can be relatively high especially in areas with high electricity cost

[Chanock]

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 nowadays is still worth it except with expensive electricity bill also you need to add the mining fees that cause of low return to you bitcoin mined. Bitcoin mining also is one of the productive way to earn bitcoin and it is the easiest and pastest way to generate bitcoin.