Money Talk

Mining Bitcoin?

Submitted by Lacaze, , Thread ID: 40730

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RE: Mining Bitcoin?

#11
It may be good, but you need a lot of cash to start mining from zero.

RE: Mining Bitcoin?

#12
Bitcoin is unprofitable, if you want to try - try other currencies.

RE: Mining Bitcoin?

#13
Mining is pretty useless now a days on low power rigs. It's heavily dominated by people that literally have put hundreds of thousands if not millions of dollars into specially designed mining rigs. It's simply not profitable for most people now a days.

RE: Mining Bitcoin?

This post was last modified: 20-07-2017, 04:36 PM by cmite
#14
mining is more viable, but is possible get money. All you have to do it buy low and selling higher, like a trade.
You can lose money too.


correction from my last post : Mining is NOT viable anymore due china and japan manipulating it, you are late to the party.

RE: Mining Bitcoin?

#15
is bitcoins really usable?

RE: Mining Bitcoin?

#16
From what I can tell it seems like you need the proper hardware ($) and then the power bill ends up costing more than you mine unless you get lucky on prices

RE: Mining Bitcoin?

#17
Etherium is a lot better. Even if you get a return in the long run it's not worth it, it would even be better to just buy BTC with the money you're going to invest and start trading, while the price rises. If I'm correct the crash is going to be within 2025-2030 so (if I'm correct) there is still time to make a really good profit, though I could be wrong; Maybe the crash is nearer?

RE: Mining Bitcoin?

#18
I've heard about it and wanted to try it, i think its useless if you do it independntly but rather u should do it in "mining pools"

RE: Mining Bitcoin?

#19
It is not worth it now. the rig is to expensive and you get low profit

RE: Mining Bitcoin?

#20
it would take few months even year to get your money back once you have it back then thats where the profit comes in if you want to do it fine but i think it's just wasting electricity unless you have windpowered electricity then you could make a lot of money

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