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wahyuagung26
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September 20, 2022, 11:29:56 AM
Last edit: September 30, 2022, 01:14:04 PM by wahyuagung26
Merited by fillippone (2)
 #21

so what do you guys think about it ?  
Depending on the mining,  because there are several ways to mine Bitcoin, one of them is by using the Platform provided by the Official and there is also one that makes it look like a big industry and uses a fairly large amount of electricity and so does the cost, but for this electricity fee depending on the individual country if in your country the cost is low you can learn more about this mining.
I think this is a good thing to do.

does anyone here have a successful mining story ??
There are several people I know and I met and discussed about mining, specifically mining in cryptocurrencies, they happen to be people who mine in Bitcoin and according to their experience until now they are still mining in Bitcoin, reportedly, there are only a few obstacles they say "To Currently they are feeling a little heavy about mining Bitcoin due to the declining value of Bitcoin " but this is not a serious problem, and they are still earning even though it is slightly lower than their previous income.

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September 20, 2022, 12:12:48 PM
Merited by JayJuanGee (1)
 #22

i heard a lot over the years about bitcoin mining and i never really considered diving into it, many people talked about it being profitable tho
so what do you guys think about it ? does anyone here have a successful mining story ?? and do you think it's still worth trying on 2022 ??

Well, mining will not be as simple as holding, it requires a lot of things, you have to have a large amount of capital to prepare for mining. In addition to preparing mining equipment, you need to prepare for other things like daily costs, energy, operation, maintenance...I think you need a huge amount of initial capital as market conditions will also greatly affect mining. When we are in a bear market like now, bitcoin price has dropped so deeply that mining will make you unprofitable and you will have to pay extra to keep mining, not to mention the current unstable energy costs will also leave you with an initial budget deficit for mining. There will be many factors to be able to start mining, in my opinion buying and holding is better than mining.

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September 20, 2022, 02:45:35 PM
 #23

many people think mining bitcoin can make a lot of money, but they don't think how much it costs and equipment needed to be able to mine bitcoin,
Bitcoin mining must have a lot of money first before you can mine and earn Bitcoin, is it worth the payoff?
if there is not a lot of money, it is better to buy bitcoins outright and hold them to sell at a high price,
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September 20, 2022, 04:20:28 PM
 #24

If a small miner like me, to compete with everyone around the world who uses bitcoin mining, at least I won't get a big enough bitcoin, because the competition in Bitcoin mining is full of struggle, even we also have to spend quite a lot of money in terms of maintenance for example , some mining machines also need to be properly maintained, that's why I stopped mine..

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September 20, 2022, 05:06:02 PM
 #25

i heard a lot over the years about bitcoin mining and i never really considered diving into it, many people talked about it being profitable tho
so what do you guys think about it ? does anyone here have a successful mining story ?? and do you think it's still worth trying on 2022 ??
Given that others have already broken down the technicalities, such as the gear you'd need and reasonable electricity cost for mining to be profitable, I'd also want to step in. Unless you're quite wealthy and can afford expensive operations, and you also want to spend time running a business, ensuring that miners don't overheat and everything is going well, why not just buy however much you can afford of BTC and wait for it to rise? This way you're very likely to profit in the long run, and you won't need to worry about at least getting back your initial investment into mining business.

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September 20, 2022, 05:17:12 PM
Merited by fillippone (2), JayJuanGee (1)
 #26

so what do you guys think about it ?
According to what I know about Bitcoin Mining this is a very good thing to do, and there are several ways that I know about this there are those that use CPUs and arrange them like industrial factories, as well as CPUs there are also several platforms that provide Bitcoin Mining (but this depends on the Platform) because there are scams and there are also official ones (safe to use).

does anyone here have a successful mining story ??
Actually I've tried to do Bitcoin mining with a platform in the application, and the experience I got was not too bad in this mining, because when I tried to mine Bitcoin on the platform it gave me results even though it wasn't big, but after I considered the expenses not that big, and I had nothing to lose with the experiment.
But about mining that uses CPU I haven't tried it yet, but it's really nice to do.

and do you think it's still worth trying on 2022 ??
Worth and not worth depending on what method you want to try it with, but I prefer you to mine with CPU if you have the equipment or you are prepared to pay for the equipment.
But in 2022 it's still worth trying to mine Bitcoin, some of my partners are still doing this to this day.
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September 20, 2022, 05:40:19 PM
 #27

i heard a lot over the years about bitcoin mining and i never really considered diving into it,
If you had followed what you heard, you would have had some very reasonable amount of bitcoins by now.

do you think it's still worth trying on 2022 ??
Why not? Any method of getting bitcoin is welcome!  it is something you should try if you can handle all the cost related necessities to ensure a successful mining. Before you start, please understand that it can also be unprofitable if some factors are out of place for you, like cost of power etc. Analyze all the potential challenges you can face considering your location to know if they are something that you can overturn.

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September 20, 2022, 05:45:31 PM
 #28

i heard a lot over the years about bitcoin mining and i never really considered diving into it, many people talked about it being profitable tho
so what do you guys think about it ? does anyone here have a successful mining story ?? and do you think it's still worth trying on 2022 ??

Rather than mining a Bitcoins, it would be great if you buy the whole Bitcoin.
I mean mining requires hardwork and more preparations, and if you buy the coin, then it’s easy af.
Also if you compare both thoroughly, then you will only get 19/20 difference. Moreover mining will consume more time, and will also take some space to set up the rig. Whereas in case of buying, you just buy the coin in minutes.
Nevertheless this is my personal opinion. People might have different opinions also. For my buying is better than mining.

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September 20, 2022, 07:52:14 PM
 #29

Bitcoin mining is still profitable in 2022 but we should take a look about electricity bill and graphics card cost.
You must be in dreamland my brother... Graphics cards profitably mining bitcoin in 2022!!  Grin Grin Grin

If they are cheap then can you can try mining Bitcoin.
Even if you get them for free. You will be wasting time trying to mine Bitcoin. Time is money, remember that.

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September 20, 2022, 08:03:01 PM
 #30

Currently, it is important in which country you want to do mining. Because the prices for electricity and  legally. The competition is extremely high, so solo mining is more likely in a network with many users to find a block. It doesn't matter it's BTC or ETH, both are possible. My story with a few miners in 2017 and the sale, was the best I do.

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September 20, 2022, 10:15:50 PM
 #31

seeing the number of crypto users currently mining is still very profitable but it must be equipped with several supporting factors if not ... then don't occasionally jump into mining. one of the factors is the commodity of equipment and energy resources because at this time there are already many mining industries and individuals who use several devices that may be very expensive. calculating how much income can be obtained from mining with our devices and plus the electrical energy used, if it is profitable then do it if not then you have to add devices that support and be accompanied by additional electrical power
and lastly, the legality of mining in your country may not be allowed forever so you have to look for alternative energy other than state electricity, because the very high consumption of electricity has until now been the reason mining in a country is not allowed

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September 21, 2022, 07:26:18 PM
 #32

i heard a lot over the years about bitcoin mining and i never really considered diving into it, many people talked about it being profitable tho
so what do you guys think about it ? does anyone here have a successful mining story ?? and do you think it's still worth trying on 2022 ??
There should be a lot of successful stories about bitcoin mining in the discussions in the mining section of the past years, when the community was just being formed. Smiley I'm not sure that most of those cases were successful from a financial point of view, because few people were able to hold btc for a long time, waiting for a huge rise in price. As for whether it is worth doing mining now, it all depends on your starting capital. Mining in 2022 is a business and the implementation of which must be approached with a business plan, with calculations of profitability, costs, profits, etc. Even though you plan to mine houses at one asic, even on an industrial scale. If you have enough perseverance, then you can do minking, even in a Tesla car, like some individuals.

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September 22, 2022, 08:15:35 AM
 #33

If you really want to get into investing, I think you should research and plan a budget. It is definitely a good idea to invest in BTC. What are you waiting for? If it is more information, there are books you can look through that can revise the terms and conditions of the market place so you aren’t completely lost. Just be mentally prepared to suffer loss, too.
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September 22, 2022, 09:27:01 AM
 #34

i heard a lot over the years about bitcoin mining and i never really considered diving into it, many people talked about it being profitable tho

It could be profitable or couldn't be based on how much hash rate you're providing, given the price of bitcoin now 18900 I doubt it will be profitable compared to when btc was 60,000

so what do you guys think about it ? does anyone here have a successful mining story ?? and do you think it's still worth trying on 2022 ??

I used to mine monero on an of which I forgot the name of, there I made 0.1-0.2 Monero, and the company denied my withdrawal when I applied for it after a few years when monero skyrocketed along with bitcoin and ETH.

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September 22, 2022, 12:26:58 PM
 #35

If you are mining properly with mining equipment and have right amount of cheap electricity, after calculation of selling hold on bitcoin at right time u will definitely get profit at last but with caution if u are using expensive electricity instead of making small money then u are in wrong way of mining
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September 22, 2022, 12:50:55 PM
 #36

Solo mining without a big farm won't get you far. But if you have a few ASICs, you can join a pool, and get a few drops of BTC here and there according to the hash power you have whenever that pool finds a block.

Bitcoin mining is still profitable in 2022 but we should take a look about electricity bill and graphics card cost.
I guess you weren't in class when the teacher was talking about ASICs, what they do, and what chances graphics cards have when going head-to-head against them. 

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September 22, 2022, 01:40:50 PM
 #37

Are you wondering about individual mining? I mean without mining farms? Then it would be hard to make money. Also miming fully depends on energy. So think about your energy source and cost. If you can use renewable energy then would be profitable and there won't be problems if the government allows Bitcoin. If the government doesn't allow you to use Bitcoin then they won't allow mining Bitcoin as well. So it depends on many things will mining be profitable or not for you?

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September 22, 2022, 02:35:41 PM
 #38

Solo mining doesn't make you rich because the profit you will get isn't worthy enough, but for people who run a big mining farms, they're still profit good amount money. I think solo mining is worth it when you can still mine Bitcoin with CPU, but now you wouldn't get anything if you mine with CPU.

I think for individual person who want to make profit from Bitcoin, investing is the way at this moment especially it's on bear market.

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September 22, 2022, 03:20:46 PM
Merited by JayJuanGee (1)
 #39

Solo mining without a big farm won't get you far. But if you have a few ASICs, you can join a pool, and get a few drops of BTC here and there according to the hash power you have whenever that pool finds a block.

Bitcoin mining is still profitable in 2022 but we should take a look about electricity bill and graphics card cost.
I guess you weren't in class when the teacher was talking about ASICs, what they do, and what chances graphics cards have when going head-to-head against them. 
Well, why can't go far in bitcoin solo mining? Here is an example of a discussion where you get it with the help of Compac F USB sticks - https://bitcointalk.org/index.php?topic=5407333.msg60663959#msg60663959. Despite the meager chances, OP can still try to try his luck in this way.


Are you wondering about individual mining? I mean without mining farms? Then it would be hard to make money. Also miming fully depends on energy. So think about your energy source and cost. If you can use renewable energy then would be profitable and there won't be problems if the government allows Bitcoin. If the government doesn't allow you to use Bitcoin then they won't allow mining Bitcoin as well. So it depends on many things will mining be profitable or not for you?
Well, 6,25BTC  says otherwise.Smiley - https://bitcointalk.org/index.php?topic=5407333.msg60668308#msg60668308


Solo mining doesn't make you rich because the profit you will get isn't worthy enough, but for people who run a big mining farms, they're still profit good amount money. I think solo mining is worth it when you can still mine Bitcoin with CPU, but now you wouldn't get anything if you mine with CPU.

I think for individual person who want to make profit from Bitcoin, investing is the way at this moment especially it's on bear market.
See the link above. In exceptional cases, solo mining can make rich if you are very lucky. But it only works for a few and I totally agree that investing in a btc is the easiest way to go for most.

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September 22, 2022, 04:16:29 PM
Merited by JayJuanGee (1)
 #40

Well, why can't go far in bitcoin solo mining? Here is an example of a discussion where you get it with the help of Compac F USB sticks - https://bitcointalk.org/index.php?topic=5407333.msg60663959#msg60663959. Despite the meager chances, OP can still try to try his luck in this way.
Sure, the chances to win the lottery are there. That's exactly what it is. It's a lottery where the main prize is a whopping 6.25 BTC. But the difference between the bitcoin lottery and a traditional lottery is in the price of the lottery ticket. Bingos and lotteries cost a few $/€, but the entry price for bitcoin is $3.000 or $4.000 per ticket (miner). In the real world, you could purchase 3 lottery tickets for $10 or $20 in total, but if you want 3 modern ASIC miners, you might have to splash out $10-$15k. I am sure you will agree with me that it's a significant difference. Having one more or one less $10 bill in your wallet isn't the end of the world, but if you lose $10.000, that is something most people will feel. Not to mention the electricity costs for running your device. 

If people want to take that risk, they are free to try it out. I am not good in math, but I think we can say that for every 1 person that finds a block with insignificant computer resources (solo mining), there are surely 10.000 of those who will try to win the lottery in vain.

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