Is mining dead?

I think the market must have people who make another mining bitcoin will not be successful but will always be the people who will do

I think personal mining is dead more and more big compagny are doing this so you can not fight for mining with them but if you find god place low electricity or something like that laybe it's worth

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.

My opinon that this is a good time to buy hardware because it's sheep due to the decline and continue accumulating and holding until it goes up!

every day I get news someone big shutdown its mining facilities, nobody can make something at these prices

too many people makes the difficulty go up so dead for most people who have small rigs ect

Yes the mining is totally dead. The bitcoins is not strong now

It is not dead yet but it will be soon for Bitcoin. Too much Miner, Few Bitcoins left for mining.

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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.

Notably, the recent market sell-off has hurt miners even more than ordinary investors. BitMEX Research estimates that cumulative bitcoin mining revenue has declined to $6 million per day at the start of December from $13 million at the start of November, outpacing the bitcoin prices already-steep decline.

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In the six-day period ending 3rd December, 21.8% fewer blocks than the expected 144 per day were found, as miners left the network before the difficulty adjusted, and as a result, fewer blocks were found. Therefore in the short term, there was a 21.8% fall in mining incentives on top of the impact of the declining price.

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According to some analysts, this likely means that Bitcoin has entered the outer ring of a ?death spiral, wherein it endures a vicious cycle of miners turning off their machines before the difficulty can adjust lower, preventing the network from processing blocks at regular, 10-minute intervals and further prolonging the interval between difficulty adjustments.

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01-12-2018, 01:27 AM

warezdon Wrote: Day Trading might be a better option than mining .....

Part of the reason thats unlikely to happen is that miners have a much more long-term perspective, meaning that they have existing investments in equipment and they usually purchase electricity on long-term plans, they dont pay it by the week, he said. ?And therefore, if they have to wait to become profitable another three months and they have the equipment in place, theyre not turning it off.

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12-12-2018, 03:38 AM

debordus Wrote: It is not dead yet but it will be soon for Bitcoin. Too much Miner, Few Bitcoins left for mining.

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Notably, the recent market sell-off has hurt miners even more than ordinary investors. BitMEX Research estimates that cumulative bitcoin mining revenue has declined to $6 million per day at the start of December from $13 million at the start of November, outpacing the bitcoin prices already-steep decline.

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In the six-day period ending 3rd December, 21.8% fewer blocks than the expected 144 per day were found, as miners left the network before the difficulty adjusted, and as a result, fewer blocks were found. Therefore in the short term, there was a 21.8% fall in mining incentives on top of the impact of the declining price.

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According to some analysts, this likely means that Bitcoin has entered the outer ring of a ?death spiral, wherein it endures a vicious cycle of miners turning off their machines before the difficulty can adjust lower, preventing the network from processing blocks at regular, 10-minute intervals and further prolonging the interval between difficulty adjustments.

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Part of the reason thats unlikely to happen is that miners have a much more long-term perspective, meaning that they have existing investments in equipment and they usually purchase electricity on long-term plans, they dont pay it by the week, he said. ?And therefore, if they have to wait to become profitable another three months and they have the equipment in place, theyre not turning it off.

Consequently, the mining industrys current struggles shouldnt have any long-term impact on Bitcoin itself, though that doesnt make things any easier for the individual cryptocurrency mining firms that must navigate this increasingly rocky landscape.

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.

Mining is all dead now nothing profitable at all huh

Guys bitcoin is still alive even if it hits $1, because it is used for anonymous transactions. So still has value as that. Mining is going out of fashion, but really for the average user they just want it for transactions.

yes I am missing you very much I don't like mining because my hashrate is low sorry