Time to get back into mining?

[prehisto]

About what exactly are you talking?
Bitcoin mining or altcoin mining? I think that BTC mining is profitable for a while now, i think that BTC has to be over 6000$ ( aprox) to be profitable. The alts are something different story, there are many factors to cinsider, there is no 1 answer.

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[ololajulo]

i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

I have seen this every where and I also say it but I dont how it will work. Seeing the rate of dump (-95%) of altcoin, I think its a tall feat to climb for altcoin before anyone can make profit from them, especially for early investors. Who will pump altcoin?

[10c]

if you look at the largest exchanges, you will see that they now offer Staking. and I think that staking will be the trend of the coming year, so going to mining now will not be logical

[aomakun]

About what exactly are you talking?
Bitcoin mining or altcoin mining? I think that BTC mining is profitable for a while now, i think that BTC has to be over 6000$ ( aprox) to be profitable. The alts are something different story, there are many factors to cinsider, there is no 1 answer.

in the price of altcoin is not yet relevant and I think if you do mining with altcoin still have to wait until their price is higher than now. but with bitcoin you can think again because the current price is good enough and don't forget to calculations needed to mining bitcoin, if you don't find good results mining will take much longer

[Pr0st0Pr0be1]

You can try to resume bitcoin mining. But only if you have a free form. If you have anything for production there is you should not spend huge amount of money for the purchase of oborudovanie. If you have previously mined altcoins then go to bitcoin mining as the market is now a very good situation. The forecast for BTC price growth is now very positive. Winter will help you from GPU overheating)

[KnowelsB]

Mining is profitable but not really an easy task I think as inhavnt done it before so don't know how it is

[Brunus]

Mining can certainly be an idea, but only if it is done in a truly professional manner and with large investments of support.
"Creating money at home" as someone thinks it is, it is no longer possible, because mining has become an activity reserved for experts.

[Bonwin]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Mining bitcoin might be demanding and it is quite tedious, because the profit is not as it used to be. Also, not everyone can mine easily, even if there is support from any end, expected and unexpectedly. If you do not have constant electricity supply, most mining is

[Mike Mayor]

I pretty much just gave up on mining after I had wasted money buying a rig I will never use since I was waiting for the GPU's to be delivered and they never came during the rage they were all sold out.
So now I have everything I need but the GPU's. I should probably be trying to sell it. I haven't even used it. Completely new. After that horrible experience, I am ready to pack it in.

Maybe on occasion, I will mine the odd altcoin while it is still yet to hit the market. You can make a few $$ that way. It is also to support and show support for the devs and their project. The idea of mining has been ruined by mass production like with everything.

[asus09]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Bitcoin halving always every four years, back to mining right now maybe you want to ready when bitcoin have higher price you have pass with mining last one year, how ever to start mining right now is not possible with price of altcoin still down, you can start mining if bitcoin and altcoin price n the top, you can get back your money with mining just few months if price of coin have high.

[Twinkledoe]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Mining bitcoin might be demanding and it is quite tedious, because the profit is not as it used to be. Also, not everyone can mine easily, even if there is support from any end, expected and unexpectedly. If you do not have constant electricity supply, most mining is

If you have cheap electricity in your area, why not? I have given up mining for so long already. But I have plans to buy solar panels in the very near future so I can get back to mining again. The initial investment is pretty expensive but I think, it is a worthy investment. At least, once you got your money back from buying solar panels, afterwards it's free, right?

[TravelMug]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

I guess you really need a compute everything first before starting to mine again. I mean we all know that there are a lot of variables here, for instance the cost of electricity.

Question though, why did you stop mining? It is because of the long bearish trend? If that is you reason then you should stop mining at all. It's a business so if you can't sustained it (I assume) then it's better to just invest or trade and sell those mining rigs, just saying.

[jossiel]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable?

Probably if you are just into accumulation and won't sell those coins that you've mine for the bill.

i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Depending on the altcoins that you will mine, if I'll be on your shoe I'll be picky with the coins that I'll mine. I would probably gamble with some to mine with but won't waste a lot of time for them.

[rdluffy]

I miss the good times of mining, but I'm good now, I don't want to keep a lot of GPUs mining, with a lot of problems to solve a lot of days during the week

I could do if the money is good, but the cost of electricity in my country is so expensive at the moment, that is not viable to mine

If you have a decent price of electricity, less than 10 cents, you can mine at a profit

[meanwords]

Why would you want to mine even it it's not profitable? I don't get it because you could just buy the Bitcoin directly if you are hoping for Bitcoin to rise at $30,000 level. Unless you have a good rig and a cheap electricity, it is pretty stupid to mine Bitcoin at a loss. Just buy them directly, you will also help the market that way. It will also save you time and effort.

[bgaf]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Maybe, bitcoin halving is coming to town and many anticipate already that btc price will go boom again. But I dont know if it will be a good impact for mining since maybe the difficulty will increase for this. I see a lot of feedback that altcoins are better for mining than btc but some believe btc still profitable. I dont know this since I didn't try to do mining yet.

[CjMapope]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

haha idk about that man, ETH is in like its last year of PoW (finally)
mining is just ending after like 5 years of profits, starting NOW would be insane imo
once ETH goes PoW imagine all that hashpower, do you think they will just quit? nope, it will move to other coins
any alt thats PoW is gonna be RIP, as 2 million GPUs hunt for something to mine  

[alexsandria]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Might be a good idea though. But is it worthy and profitable in your place? Your alts would be on hold I guess but you have to sustain you maintenance in your mining stuff such as electricity. It will sure pay you off alot soon. Mining is good for people who lives in a cold places, heat doesn't add upon the cost and they are away from damaging their hardwares plus they do have a low bill of electricity. But if you aren't in such condition plus you do pay higher bills and then you mine alts a little bit then I guess mining isn't worthy for you mate. But it is still upon you to decide.

[dimonstration]

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Might be a good idea though. But is it worthy and profitable in your place? Your alts would be on hold I guess but you have to sustain you maintenance in your mining stuff such as electricity. It will sure pay you off alot soon. Mining is good for people who lives in a cold places, heat doesn't add upon the cost and they are away from damaging their hardwares plus they do have a low bill of electricity. But if you aren't in such condition plus you do pay higher bills and then you mine alts a little bit then I guess mining isn't worthy for you mate. But it is still upon you to decide.

Mining is too costly nowadays, I doubt if many still doing it especially due to electricity shortage in some countries. In my country it isn't profitable and those who tried it already give up. Some who still doing it might putting tricks in their electricity or like some news in other doing it thru renting in hotels.

[Pithaxz]

seeing the recent rise in bitcoin prices surprised me and I don't know what is happening in this market that bitcoin can increase in a few days to $ 9,620 today .. Bitcoin has given me a lot of money from the initial investment of 5btc x $ 7,500 = $ 10,000 ? can you imagine in 2 days I have gained more than 1btc ..
this is a significant price growth, i don't really understand about mining, maybe it's not a bad idea, especially btc prices have gone up.