Should i start mining bitcoins?

[hopper28755]

Should i start mining bitcoins? Do you believe that they will go up to $1,000+ a coin? Or should i start mining litecoins? What would you recomend for the most profit?

[yeponlyone]

They would return around the same, but you wouldn't r.o.i. for a few months minimum,

BTC will likely go to $1k again but not this year.

[1Referee]

Mining is barely profitable, you'll need good hardware and cheap/free power to get any returns on your investment.

Buy some Bitcoins and hold them, that's much better.

[notlist3d]

Do ROI math.  You need cheap electricity.  It also depends what your mining Scrypt, SHA , etc.

I personally think it is possible, but it is harder then it once was.   And your electricity and heat of location directly effect ROI.

[Shaco]

most people on this forum say its a bit too late due to the high levels of difficulty.

i say just invest in something small, if you really want to know before dumping your money.

[flyingplows]

maybe it's not too late for some altcoins.. what do you think, is it worth for a newbie to invest like 200$ in darkcoin, dogecoin or blackcoin and hold? maybe too late for them also? then maybe some new coins recently released..

[DannyHamilton]

Should i start mining bitcoins?

That depends on your circumstances and how cheaply you can acquire the resources that you need.

Do you believe that they will go up to $1,000+ a coin?

Ever?  Maybe.  It's impossible to know if it will happen in the next few hours, next few years, next few decades, next few centuries, or never at all.

Or should i start mining litecoins?

I wouldn't, but you'll have to decide for yourself what you think about that.

What would you recomend for the most profit?

Provide a product or service, charge a fee for what you provide.

[redsn0w]

Obviously : yes*.




*If you want to support the network , but if you  want  to be rich(to gain) the  answer is : no .

[leblanc]

I think you would need some substantial amount of money by now, to get good enough bitcoins.

You can easily go to bitcoin charts and see the difficulty.

[BuZZ]

I think mining is not profitable now unless the price of mining hardwares decrease more
I beleive If btc goes to 1k difficulty will rise much too 

[leonaa]

you can get 10 ghs by gawminers and have a taste of what mining is if you invested.

its a free giveaway, but not sure when its ending so Id look into that.

[karlb187]

If you don't want to get into the whole mining thing, you can "Mine Bitcoin" in this new fun free game that pays you in bitcoin!

https://bitcointalk.org/index.php?topic=854956.0

 

[odolvlobo]

The easiest and most effective way to obtain bitcoins is to buy them. Try localbitcoins.com. If you are in the U.S, try coinbase.com or circle.com.

[AverageGlabella]

The more miners the better no matter how small you are mining just make sure you are profiting.

[oblixster]

testing that free 10GH giveaway now

[malzahar]

The more miners the better no matter how small you are mining just make sure you are profiting.

Dont overlook this advice, its important to stay in profit, like this man said. People wait for prices to jump, to break even on their investment but you cant see prices when it does go up or down.

[AleCrypt0]

Should i start mining bitcoins? Do you believe that they will go up to $1,000+ a coin? Or should i start mining litecoins? What would you recomend for the most profit?

Unless you're already a millionaire, no you shouldn't.

[cassimares]

Should i start mining bitcoins? Do you believe that they will go up to $1,000+ a coin? Or should i start mining litecoins? What would you recomend for the most profit?

You shouldn't start mining unless you already have the hardware is it is able to cover your electricity plus some profit. And if you believe coin will go up to $1000 please buy BTC directly.

[dothebeats]

Calculate if your hardware will see ROI. The difficulty of mining bitcoin isn‘t sustainable for low end miners nowadays, only those with good hardware will profit from mining. You will just waste your money paying for electricity than seeing a profit in mining.

Just buy during the dips. Sell during the peak.

[dothebeats]

Calculate if your hardware will see ROI. The difficulty of mining bitcoin isn‘t sustainable for low end miners nowadays, only those with good hardware will profit from mining. You will just waste your money paying for electricity than seeing a profit in mining.

Just buy during the dips. Sell during the peak.