Is mining dead?

Do you have some "guide" to start mining? I need more information. TY

My rigs are still spinning. I find it funny how people say "my rigs are off until ETH value is at least 400$". Well with value increase the difficulty will also increase, also it's the best time to mine while the price (and difficulty) is low, you will be able to sell all your mined eth later for $400... Like in the old days you could mine 1eth per day with a rig, now you it'll take 6 months.... Mine as soon as possible, not when the price is high, lol...

Whether it's profitable has more to do with where you think it's going to go...

As an example, here's an article from 2011 about mining being unprofitable after falling from the astronomical value of $33 at the peak of its bubble:

Quote:In May one user suggested that the effort being thrown at Bitcoins was wasted: "We're all trying to profit from the high exchange rates (1BTC is 9USD at the time of writing this) that we're throwing everything we've got at the bitcoin network. We profit from our actions for a couple of days, then the network detects the increase in speed and adjusts itself down, negating all the efforts we put into it, forcing us to buy even more processing power. It's an endless cycle of stupidity that simply cannot be solved by human nature."


With the value of Bitcoins dropping so low, and the computing power required to produce them growing steadily, it is becoming uneconomic to generate more except through the use of hacked computers in "botnets".

And we can't forget the guy who paid 10000 BTC for a pizza and then made an open offer to buy at the same price any time...


Either way, as long as you think it'll go up, mining always has the potential to profitable.. it's current value shouldn't matter unless you need to sell it to cover costs.

mining is dead if you mine to make profit today. If you think the value will go up in the future its a good time to mine now since the diff will probably go up when the value rising again. Be cautious tho, its no guarantee that the value will go up like everything else in crypto, threat it like a gamble

It's not completely dead its just need lots of shit to make very little

You need the right amount of money to invest into mining to be quite honest with you.

09-10-2018, 07:11 PM

NetDiablo Wrote: So market is down and it's very hard to earn crypto while mining. What is your opinion about crypto mining.

i think that bro

I think if you didnt started way back when all started, now its too late... I wanted to invest in crypto and now its too late for that I guess... ;(

I think not... the best way to mine is to mine some "young" coins... for example CitiCash or something..

idk I invested and the market is dying and it's going to hell and gone, what is going on??