Are bitcoin mining still actual?

Are bitcoin mining still actual? I'm don't think so, leave your opinion.

Am interested in this as well ? Anyone else got a answer for this?

Do you remember the times that bitcoin price saw the 20k dollars level, if bitcoin is going to be that high again, then yes mining will be profitable.

01-02-2020, 08:32 PM

WhoDD Wrote: Are bitcoin mining still actual? I'm don't think so, leave your opinion.

English aside, this isn't a very good no question for a yes/no answer.

If you're holding onto the bitcoin you mine and you expect the value to go up, then it can always be profitable. There were people who stopped mining when the value of bitcoin reached a couple of dollars because it "wasn't profitable anymore", yet had they continued mining and held onto it they would've made ridiculous profits.

If you're selling it off right away, you can just figure it out with calculator... calculate your electricity cost and subtract that from your mining revenue to determine whether or not it's profitable. The cost of electricity varies significantly from place to place e.g. it's four times more expensive in Germany (33 cents per kWh) than it is in China or India (8 cents per kWh) so what's profitable to one person won't necessarily be profitable to another.

I think bitcoin mining not worth anymore becaue you need to have around 100-500k euros to invest to get a mining machines Better get gpu and mine ETH or some alternative then bitcoin.

I would say it depends on your cost of electricity and if you can find the proper gear for good prices. I think BTC will continue to go up, so I would say it's worth it if you have the money to invest, and you can be patient. That's really a hard question to answer because every person will have their own opinion.

I was wondering that myself, however, I wonder if you could mine with a regular computer overnight while you're not using it.

Its not profitable anymore, unless you own your own power plant or have some other ways of getting cheap energy.

Me, personally, I think crypto will evolve, but not right away.

A lot of people are getting into it and think it's just a game, but hey...
I can't get too far ahead of myself, but I think it's going to come down...

thanks dear for that away
i think that is good for owners and making newst is good