Money Talk

Is mining dead?

Submitted by NetDiablo, , Thread ID: 103215

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RE: Is mining dead?

#221
I think its not all that profitable right now, and your probably best off just buying the ethereum and holding it rather than mining.

I have a 12 card rig, which has been off for a couple of months now. I will turn it back on, but only when I can get free electricity again.

RE: Is mining dead?

#222
Mining off your laptop or something along those lines is near useless. You need a lot of power in order to think about getting a good start. That and it is a fast way to wear down your GPU/CPU depending on how you have it setup.

RE: Is mining dead?

#223
I've never believed in success with mining and I do not believe in it right now. It requires too much resources and money in an unstable crypto market. Maybe 5-6 years ago mining for bitcoin made sense.

RE: Is mining dead?

#224
I think now. I want to start bitcoin mining. What do you think?

RE: Is mining dead?

#225
Mining on computers doesn't make you any profit.

I advise you to buy mining equipment here: https://shop.bitmain.com/

RE: Is mining dead?

#226
Some people still mine at a lost because they believe in the technology/coin. Because once the bulls run the market again, it'll be worth it.

RE: Is mining dead?

#227
I don't really think it's dead tbh. As already alot of ppl said before me its going to go up again!

RE: Is mining dead?

#228
It may be going up again, but the ability to turn a profit; ie (Power consumption/net gain) per day is still in the red. Unless you have a crazy farm anyway.

RE: Is mining dead?

#229
The only way for mining to be profitable is to mine on other people hardware or to not pay for electricity. Otherwise it is not worth it.
PS: try crypto trading, lots of volatility this year, if you learn you can profit big time from the ups and downs that the market takes.

RE: Is mining dead?

#230
If you have free electric that not:-) If you want maining at home, select new coins, it easy for maining

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