Start mining.. Is it a good idea??

[Sachinthani]

To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. So is it really a good idea to start mining?

[bitbink]

I am convinced that starting your earnings in mining right now is a bad idea. The complexity of the network has increased, the price for electricity and equipment has increased. And yet you just can not compete with the giant mining companies.

[THATBTC]

To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. So is it really a good idea to start mining?

buy btc

[Exchge]

if in my opinion your opinion is a big mistake, because by mining bitcoin whose price per year goes up it is a big advantage. depending on what mining equipment you use.
maybe you can read more how to save the tool mine so it can be profitable.

[Cryptoqu33n]

Personally I don't think it's worth it nowadays. The competition is too fierce for small miners, mining pools may be more effective but then the fees will reduce your profits. Then of course you need to consider the reward halving. I would be tempted to look at mining other currencies to be honest.

[Demughni]

To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. So is it really a good idea to start mining?

If you have much money to buy mining equipment, I think It is a good idea, But It is very expensive. I personally like to buy and participate in bounty campaign.

[triciaa478]

Mining is only profitable to undertake if you have the necessary resources to mine. Like having appropriate hardware with the needed electricity to run it an joining a pool to connect to.

[Nonie]

mining its good but I think now is not a good time for it because all the coin prices are down if compared to the end of last year. I'm a miner but I'm stopping now because prices are down and income are down, electricity prices keep rising and that's got me confused and the profits are not worth it so I prefer to trade now but if you want to mine now and the coins are hold until the price will come back to the highest price I think it's good

[BartS]

To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. So is it really a good idea to start mining?

Unless you have experience it is not really recommended to start mining right now, it is not even clear if you can even break even right now since the price of bitcoin is so low, so you will probably have to look for other cryptocurrencies to mine and you will need to have very precise calculations about how much money you are spending in electricity and the amount of money you paid for your mining hardware and what are the expectations of growth of this other coins and that is a very complex thing to do.

[Cres]

There is so many crypts right now is it worth to mine bitcoins? Or all other coins are not mineable? Or its just no profit in it.

[Meysa_richa]

You are absolutely right that I also feel that to start bitcoin mining is a very good idea, and we can save our minerals bitcoin to sell when bitcoin prices rise.

[ShadowBits]

To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. So is it really a good idea to start mining?

If I were you I would try to mine other coins instead rather than Bitcoin since the difficulty is getting harder and harder by every day.

[bitvalak]

To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. So is it really a good idea to start mining?

buying mining tools for the moment I think is a useless thing because now is the token era. Unless you do intend to make a large mining company it might still make sense to buy mining tools.

[Wahyu aep]

For bitcoin mining, you have to buy bitcoin mining hardware. Mining Bitcoin with anything less will consume more electricity than you might have. It is important to mine bitcoins with the best bitcoin mining hardware made specifically for that purpose. So, is it a good idea to start mining? Buying mining tools for now I think is a useless thing because now is the token era. Unless you intend to create a large mining company, it might still make sense to buy mining equipment.

[conceivedspoon2]

It may be good and maybe not a good idea at the time because it will cost about $5000 to mine. An investor with this kinda of money may not want to through all the hustling of this kind. But if you can then its a good one.

[cryptodalton]

If it is mined by renewable energy owned by individual or company then it is okay. But the electricity cost and demand is now in pick. Considering this it is not wise i guess.

[ladydark]

Huge investment is needed to buy powerful ASIC miners to mine bitcoins and also,availability of cheap electrical charges should be ensured to get good profits.Instead,bitcoins could be bought and held as a long term investment.

[angeltee]

It is never a bad idea but just that it is quite expensive to mine just 1 bitcoin and more cost for more. The best way to get more bitcoin maybe to buy or invest it with companies that can hash it and invest on your behalf and get your earn as required.

[Rubick99]

Mining is one way to earn crypto. It's a good idea, you must prepare all of the device that will be needed when you start mining.

[notthepuma]

I'm sure that starting a mining session at the moment is a bad idea! Firstly, the price of coins is very small, you will work in negative. In addition, a very long payback period.