| empirestate | 03-20-2018 04:04 PM | Is Bitcoin still profitable to mine? March 2018 |
dallis | 03-20-2018 04:58 PM | Re: Is Bitcoin still profitable to mine? March 2018 To make money at BC now, you need the computational power of huge server farms. The processing power required to generate a new BC has doubled like 20X this year alone.
The progression of complexity is a logarythm... as in 2,4,8,16,32,64,128,512,2024 - take that progression out 20X - it needs around 60K the processing power to generate a BC today as it did only 12 months ago.
Plus the SEC is investigating over 20 virtual currencies, including BC, to see if they're Ponzi schemes.
So, I'm thinking no. |
slokor | 03-20-2018 05:20 PM | Re: Is Bitcoin still profitable to mine? March 2018 The SEC is investigating Bitcoin to see if its a Ponzi scheme?
This is news to me.
Can you actually back up what you say and point me to a link with some information on this? |
Re: Is Bitcoin still profitable to mine? March 2018 1 btc is up around 8.9k as of this post - wonder if the facebook scandal will have any effect empirestate? |
dallis | 03-20-2018 08:28 PM | Re: Is Bitcoin still profitable to mine? March 2018 |
ebaystealth1974 | 03-20-2018 08:56 PM | Re: Is Bitcoin still profitable to mine? March 2018 I figured your guides would cover this... |
slokor | 03-20-2018 10:02 PM | Re: Is Bitcoin still profitable to mine? March 2018 Quote:
Originally Posted by dallis
(Post 909023)
| I knew theyre looking into various ICOs - which I myself consider as utter and complete junk for the most part.
Nowhere on there does it mention ANYTHING about them investigating Bitcoin itself in this way. Bitcoin's value is taking a bit of a hit because of this mess because it is being bundled (unjustifiably so) with the rest of the cryptocurrencies. Those ICOs are NOT cryptocurrency as far as Im concerned and the sooner theyre taken down the better for all involved - and certainly the better for Bitcoin itself.
Stop spreading FUD friend. |
cryptoc | 09-20-2018 07:13 AM | Re: Is Bitcoin still profitable to mine? March 2018 Yes, Bitcoin has a great future ahead being the largest cryptocurrency in the world. |
dan_ebay | 09-20-2018 10:05 AM | Re: Is Bitcoin still profitable to mine? March 2018 Still profitable in most places if you already have the machine, not profitable to go out and buy one though. |
Re: Is Bitcoin still profitable to mine? March 2018 Quote:
Originally Posted by dan_ebay
(Post 945010)
Still profitable in most places if you already have the machine, not profitable to go out and buy one though. | Certainly seems that way |
Sunspot144 | 09-21-2018 12:04 AM | Re: Is Bitcoin still profitable to mine? March 2018 Altcoin mining has been rewarding so far. Just need prices to go up a bit and for fox news to hype it up next year then cash out.
If all fails it'll have been a good heat source for this coming winter. |
@NasterXchange | 09-21-2018 06:15 AM | Re: Is Bitcoin still profitable to mine? March 2018 Quote:
Originally Posted by empirestate
(Post 908925)
| bitcoin mining is still profitable, however nowadays seeing costs associated with it (hardwares, location and energy), you need to be a real "farmer" or at least associated to some, to make some good profit.
If you can't afford to invest so much money into this, mining Altcoins is a good alternative, especially Monero (from what I heard from my miner friends). It's good rewarding. |
JamesNorth101 | 09-21-2018 09:25 AM | Re: Is Bitcoin still profitable to mine? March 2018 If prices increase a lot again then BTC will again become profitable to mine
The outlay is so much though and the price far too low at the moment for it to be a good investment V investing in other areas. |
Re: Is Bitcoin still profitable to mine? March 2018 i dont use btc any more because it had most increase and never be happen again. |
JamesNorth101 | 09-21-2018 11:52 AM | Re: Is Bitcoin still profitable to mine? March 2018 Impossible to know that with 100% certainty |
Sunspot144 | 09-21-2018 01:29 PM | Re: Is Bitcoin still profitable to mine? March 2018 ETH is going to take a hit when they decrease the block reward from 3 ETH to 2 ETH in late Oct as quoted by the ETH dev team in their livestream. It's to hopefully curb inflation and still be appealing to larger ICOs in the long run. If you really want to invest in ETH flat out then that is the time to buy it as I imagine miners will get discouraged and start dumping ETH back in. It's gonna go way down in order to future proof itself, like +0.25/cents a day down with a high end Nvidia card. Even less if you pay more than 0.069 cents / kwh for electric like me. So none of this guarantees prices will skyrocket again, but you'll have to hope if you're invested in a GPU miner.
Alternatively Monero takes just about a year to break even for each vega 56/64 gpu investment, so you have to hope it will go back up like it was in late Dec early Jan to make a real profit. Back then you could pay off a gpu in as little as 4-6mo.
With the volatility (hard forks, algorithm changes) of the market I wouldn't go anywhere near an ASIC miner unless you want a really expensive doorstop. GPU's you can at least resell and make your investment back. |
CryptoSalV2 | 11-22-2018 02:33 AM | Re: Is Bitcoin still profitable to mine? March 2018 I had a 112 gpu mining farm, I shut it down. It is no longer profitable electricity will be more cost more than your earnings(unless you have the equipment and DIRT CHEAP electricity). At one point I was pulling 10k a month, that went down to about -100+ a month.... |
GreenBean | 11-22-2018 04:58 AM | Re: Is Bitcoin still profitable to mine? March 2018 Quote:
Originally Posted by @MasterNaster
(Post 945221)
bitcoin mining is still profitable, however nowadays seeing costs associated with it (hardwares, location and energy), you need to be a real "farmer" or at least associated to some, to make some good profit.
If you can't afford to invest so much money into this, mining Altcoins is a good alternative, especially Monero (from what I heard from my miner friends). It's good rewarding. | See there is the issue for empirestate.
Nothing is real in his domain. He could not afford to buy jack squat.
:ballchain: |
@NasterXchange | 11-22-2018 07:02 AM | Re: Is Bitcoin still profitable to mine? March 2018 Quote:
Originally Posted by GreenBean
(Post 959379)
See there is the issue for empirestate.
Nothing is real in his domain. He could not afford to buy jack squat.
:ballchain: | Hahahaa
You are funny guys | All times are GMT -5. The time now is 07:30 PM. | |
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