Author Topic: Is it worth to get into bitcoin mining these days?  (Read 610 times)

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Is it worth to get into bitcoin mining these days?
« on: May 24, 2018, 02:21:54 PM »
There have been several comments on how mining of bitcoin consumes energy and also how complex the process it is. Also the hardwares that are used to mine bitcoins are quite expensive so looking at these factors do you think it is worth mining bitcoins these days.


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Offline Temmydayo

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Re: Is it worth to get into bitcoin mining these days?
« Reply #1 on: June 01, 2018, 01:37:45 PM »
It's great and cool

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Re: Is it worth to get into bitcoin mining these days?
« Reply #2 on: June 02, 2018, 06:36:31 AM »
Have a good day.
What the heck!
Did i tell you i was having a rough day? Please post relevant comments to a topic not just anything to increase post count


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Re: Is it worth to get into bitcoin mining these days?
« Reply #3 on: June 02, 2018, 06:37:03 AM »
It's great and cool
Please revise your comment because it is offtopic


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Re: Is it worth to get into bitcoin mining these days?
« Reply #4 on: June 02, 2018, 06:37:51 AM »
very good project
I never said anything about project. i asked a question.


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Offline AIRLINER

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Re: Is it worth to get into bitcoin mining these days?
« Reply #5 on: June 02, 2018, 03:39:43 PM »
Only in Venezuela

Offline ingusru

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Re: Is it worth to get into bitcoin mining these days?
« Reply #6 on: June 02, 2018, 10:19:27 PM »
There have been several comments on how mining of bitcoin consumes energy and also how complex the process it is. Also the hardwares that are used to mine bitcoins are quite expensive so looking at these factors do you think it is worth mining bitcoins these days.

I don't think so.. to much hassle and resource need put in. Only if you have recourse - electricity from power plant with massive discount and and cold place where keep you equipment. Most of mined BTC more then 60-70% will go to electric bill if you do it at home conditions.

Offline ingusru

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Re: Is it worth to get into bitcoin mining these days?
« Reply #7 on: June 02, 2018, 10:23:37 PM »
But is different way.. get company who allready dealing with mining.. who have mining rig , like I got KELT utility tokens.. and I will be able mine coins like ETH, Moneero and some more with out thinking about electric bill and mining rig. Have calculated out - it will give me back about 8% per month. Not massive but passive income always is good.

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Re: Is it worth to get into bitcoin mining these days?
« Reply #8 on: June 03, 2018, 03:16:57 AM »
There have been several comments on how mining of bitcoin consumes energy and also how complex the process it is. Also the hardwares that are used to mine bitcoins are quite expensive so looking at these factors do you think it is worth mining bitcoins these days.

I don't think so.. to much hassle and resource need put in. Only if you have recourse - electricity from power plant with massive discount and and cold place where keep you equipment. Most of mined BTC more then 60-70% will go to electric bill if you do it at home conditions.
thanks guys, i really appreciate your thoughts on this. So are you saying that it is good to mine but it is quite expensive to mine at home? please be clear about your submission.


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Re: Is it worth to get into bitcoin mining these days?
« Reply #9 on: June 03, 2018, 03:20:02 AM »
But is different way.. get company who allready dealing with mining.. who have mining rig , like I got KELT utility tokens.. and I will be able mine coins like ETH, Moneero and some more with out thinking about electric bill and mining rig. Have calculated out - it will give me back about 8% per month. Not massive but passive income always is good.
i have actually thought about this for a while but i was thinking these facilities that have been established are going to charge huge fees for using their miners.


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Offline scofieldza

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Re: Is it worth to get into bitcoin mining these days?
« Reply #10 on: June 03, 2018, 04:02:57 AM »
I think too late

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Re: Is it worth to get into bitcoin mining these days?
« Reply #11 on: June 04, 2018, 08:36:54 AM »
I think too late
hahahaha...is it because many people are into mining these days. Well i tell you if you have a good machine like any of the ASIC hardwares you will still earn some amount of money from it.


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Offline Rotimi12

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Re: Is it worth to get into bitcoin mining these days?
« Reply #12 on: June 04, 2018, 12:21:45 PM »
Awesome suggestion

Offline The Tyrant

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Re: Is it worth to get into bitcoin mining these days?
« Reply #13 on: June 04, 2018, 12:26:35 PM »
I think it is worth mining. The initial cost may be huge, but you will regain your money back as time goes on.

Offline The Goodman

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Re: Is it worth to get into bitcoin mining these days?
« Reply #14 on: June 04, 2018, 01:28:32 PM »
It is actually true that mining consumes a lot of energy. And the cost involved in purchasing the equipment for mining are not cheap either. But all the same, it is still good to get involved in mining if you have the financial might to do that. Although there may be challenges, you will only grow stronger with time.

Offline BreddPitt

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Re: Is it worth to get into bitcoin mining these days?
« Reply #15 on: June 07, 2018, 06:18:57 AM »
what is the best mining platform?

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Re: Is it worth to get into bitcoin mining these days?
« Reply #16 on: June 08, 2018, 04:22:16 AM »
It is actually true that mining consumes a lot of energy. And the cost involved in purchasing the equipment for mining are not cheap either. But all the same, it is still good to get involved in mining if you have the financial might to do that. Although there may be challenges, you will only grow stronger with time.
Thanks for your thought i will definitely consider that


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Offline MelchiZedek

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Re: Is it worth to get into bitcoin mining these days?
« Reply #17 on: June 25, 2018, 11:50:45 PM »
Everything worth doing comes at a cost and so is bitcoin mining. But one should not only consider the cost but also the returns. If the returns will be more than the cost then why not? Besides we cannot do without bitcoin mining.
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Offline Eddymania

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Re: Is it worth to get into bitcoin mining these days?
« Reply #18 on: June 27, 2018, 01:51:50 AM »
It is worth getting into bitcoin mining if you have the right equipment and access to cheap electricity. If not, forget it!

Offline CorteZ

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Re: Is it worth to get into bitcoin mining these days?
« Reply #19 on: July 26, 2018, 03:42:16 AM »
Maybe I'm a bit late to know this Bitcoin, because I just knew Bitcoin at the end of 2017 yesterday, when the price of Bitcoin is very high. in my opinion, as long as the proceeds from mining Bitcoin is greater than the cost of paying Electricity and more than enough to buy a tool penambag, then I think Mining Bitcoin day is still worth doing.

Offline pkmoney

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Re: Is it worth to get into bitcoin mining these days?
« Reply #20 on: July 26, 2018, 02:34:16 PM »
Some stupid are doing quite spamming here. Lol, they even don't read the post.

@OP
If you consider mining in Bangladesh, it's really worthy enough. It may cost you $3k for mining 1 BTC which is huge profit. Isn't that? But, you carry some risk too. If police know what you are doing, imagine the scenery. Some people still do.mining here but I don't dare ever.
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Offline pkmoney

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Re: Is it worth to get into bitcoin mining these days?
« Reply #21 on: July 26, 2018, 02:37:58 PM »
Maybe I'm a bit late to know this Bitcoin, because I just knew Bitcoin at the end of 2017 yesterday, when the price of Bitcoin is very high. in my opinion, as long as the proceeds from mining Bitcoin is greater than the cost of paying Electricity and more than enough to buy a tool penambag, then I think Mining Bitcoin day is still worth doing.
Getting engaged with late is nothing actually, in term of gaining more.
Imagine, someone who bought bitcoin at $0.10 and sold at $100 ajd he thought he made huge. He made huge but that buddy who bought $100 and sold $1000, made more. Isn't it? It's all about holding. Having 100k BTC back in the day doesn't mean he/she is millionaire. You have to check out what he/she did with those bitcoin.
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Offline Msworld83

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Re: Is it worth to get into bitcoin mining these days?
« Reply #22 on: July 27, 2018, 10:27:23 PM »
Mining is always a good investment which give return in short time but the cost and electricity is the major reason why some find it difficult to run , there would have been more miner and it also depend on where or which country you are as the cost are vary most especially on electricity.
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Offline Kemalist

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Re: Is it worth to get into bitcoin mining these days?
« Reply #23 on: November 06, 2018, 02:01:33 PM »
mining gets harder

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Re: Is it worth to get into bitcoin mining these days?
« Reply #24 on: November 09, 2018, 07:22:58 PM »
Only in Venezuela
Lol...is electricity free in Venezuela? What makes you say that mining is cheap only in Venezuela i am kind of curious.


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