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Author Topic: Bitcoin miners are now losing money  (Read 347 times)
Anonylz
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May 27, 2018, 07:37:52 PM
 #61

The problem is that miner asics are more than expensive at the moment, and that is the main reason of why only a FEW people can buy them to mine, also, there are some people that are mining in places in where electricity is more than expensive

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GoldenLad
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May 27, 2018, 09:44:32 PM
 #62

The problem is that miner asics are more than expensive at the moment, and that is the main reason of why only a FEW people can buy them to mine, also, there are some people that are mining in places in where electricity is more than expensive

Even if expensive, there are still chancee that they will make it in the long run. So I guess they are just mining and storing up bitcoin for the better days when the price of bitcoin will moon again. The only problem we might  be experiencing in the bitcoin mining is the cost of electricity which can be really very high. This the more reason why most people are shifting into solar as the source if their electricity. 
Tyrantt
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May 27, 2018, 10:29:18 PM
 #63

"It's no longer profitable to create cryptocurrency"

Is this going to stop the explosion of alt-coin that has been going on for a couple of years now? Tho, miners will probably switch over to ETH or some alt-coin based on btc algorithm. Surely all of t hose miners and GPUs won't go to waste.
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May 27, 2018, 11:38:18 PM
 #64

"It's no longer profitable to create cryptocurrency"

Is this going to stop the explosion of alt-coin that has been going on for a couple of years now? Tho, miners will probably switch over to ETH or some alt-coin based on btc algorithm. Surely all of t hose miners and GPUs won't go to waste.
There is still always ways to earn in this century , miners will soon to figure out what it is. Tho I'm not into mining ,I still see its potential as an additional profit.


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