Is mining dead?

[Aceventura 208]

Well, Bitcoin mining is not dead. there are still transactions and blocks which must be confirmed by mining. You may be asking if Bitcoin mining is no longer profitable—this question depends on, more than anything, your beliefs on the future price of bitcoin.

[BullRunBit 2773]

On 10/19/2019 at 3:10 AM, loser said:

There are already several cryptocurrencies that are not mined. Does this mean that mining is becoming obsolete? To buy a huge amount of equipment, for a lot of money, while still taking into account the delivery time, and the payback is not the fastest

You must to read more about mining.

I know a lot people which mining ETH now, and yes I can agree that it's hard now to mining BTC but there are other cryptocurrency which you can mining.

Like I write you must to read a lot and to make good research which coin is good for you "fits" your components.

And my opinion is that of course it's not "worthless".

[ASDFGHJKL17 267]

Nope, mining wis not dead, it still okay and most of people are mining but also a lot of people may dislike mining because mining operates 24/7 and it's a waste a lot of electricity, in mining you jeed to spend a lot of electricity. But as what I've said mining is not dead. 

[dmnqe07 365]

Mining is still profitable if you have a free electricity, the only bad side of mining is it really cost you too much on the electricity so if you have free electricity then mining will be profitable for you. then if you wanna make more profit those bitcoin your going to mine is trade them. 

[lucky80 1046]

 

17 hours ago, tailorsweep said:

It will continue as long as there are users that are depending on it.

We need the miner to keep on mining here. Otherwise, you cannot receive the cryptotalk candies. Yes, we all depend on mining.

 

14 hours ago, ASDFGHJKL17 said:

also a lot of people may dislike mining because mining operates 24/7 and it's a waste a lot of electricity,

They are hypocrites or don't understand the purpose of mining.

2 hours ago, pelwiera said:

Mining isn't always useless.

It is not about the benefit. It is mandatory if you talk about bitcoin.
 

[Scottsummers 347]

A few weeks ago I would have said yes. But the idea seems to be rising again. Not just in the community but in my mind too. I've sold most of my equipment and have been happy about the decision until now. Prices are low. Mining difficulty is falling too. Which means there should be a good profit especially for altcoin mining like LTC. I mind and sold loads last year at $26-$30 going away happy and then saw them 5x in the months following. I see the same thing happening. When it comes to BTC mining. The power needed to generate any meaningful amount makes it difficult for the normal person to mine. But the US is investing heavily in what will be the biggest mining farm. So if they think they can make it pay we can k ly assume its far from dead. 

[dmnqe07 365]

Well mining is not dead, in china mining is a trend to them. but if you are mining just an a solo then mining is not profitable for you, the reason is the electricity will really cost you too much, so if you are in a third world country and mining, then the electricity is really expensive.

[Naga 1250]

5 minutes ago, silvergain said:

i mined more than 700 XDN. i already had 700 XDN but its still not use it any more. XDN is almost dead. you can mine it, you can withdraw it after mining xdn but you can not deposit at all. which means you are not allowed to convert or use any exchanges to exchange you XDN in to bitcoin. So this kind of mining is probably waste of time.

Ok what? What do you mean that you can mine a coin like xdn and you already mined 700 apparently but you can't exchange it or even withdrawal it? Where is this happening and why can't you withdraw it? Because that's the point of mining.

[silvergain 271]

2 hours ago, Naga said:

Ok what? What do you mean that you can mine a coin like xdn and you already mined 700 apparently but you can't exchange it or even withdrawal it? Where is this happening and why can't you withdraw it? Because that's the point of mining.

Let me explain, i mined by minergate xfast gui software and then i made withdraw to their freewallet.org platform. after receive money that you mined for, you can withdraw or sent it to any trading or other exchanges such as hitbtc, bithoven , yobit etc.  i mined 700 XDN and withdraw it to feewallet but now a days, no exchanges or trading platform has available XDN trading system.

[OBEH 117 321]

Mining cannot die, at least as long as people have cheap electricity or even free electricity. In some countries, it has certainly become useless, but so far not everything has been lost.

[Whydoyoucare 1094]

Well if mining is dead, mining companies will fall. mining is one way to earn a coin or any other cryptos like monero, or bitcoin. a lot of people saying that mining is dead but they used to mine way back. but i can tell mining soon will be forgotten in crypto.

[Akbor 1042]

No, mining is not dead . many person are doing mining and many coins are giving chance for doing mining now. so you can find out a good one to make profit from it.

[lucky80 1046]

On 12/5/2019 at 11:51 PM, ZeusBoy77 said:

I think that mining is not dead, but yes, some miners sell their VGA or antminer, because they can not profit from mining (

You know from the news right? Unless you witnessed yourself. I think, they sell their mining devices to buy the latest technology, which saves more electricity, or maybe, they give up too soon.

[lucky80 1046]

6 hours ago, Whydoyoucare said:

but i can tell mining soon will be forgotten in crypto.

No, It will not forgotten. Mining is forever.

 

18 minutes ago, Terror said:

Now that everything is taken over by ASIC, is there still a place for GPU mining? ... Yes it's dead you should all tear down your rigs right now and dump all of your GPUs on Craigslist.

Now you will learn that misleading, negative, and copied post is not useful, and it will be deleted by moderator. Terror is not good for us. 

[lucky80 1046]

On 12/10/2019 at 10:34 PM, Death said:

For sure bitcoin mining isn't dead because it is one of the way to get some money and to get some profit. People don't mine coins that are not worth mining so for me still, mining isn't dead.

It is not for profit these days. You can send and receive bitcoin because some loyal miners still running their devices.

3 hours ago, Jackmil said:

I think mining is dead. Because mining is no longer interesting and has the potential. Mining is very bad for me and not profitable.

That is why some people use all his brains and others only use 1 percent of his brain. 

[jyfiuhookl 10606]

If you buy graphics cards with more video memory. such as 1080 ti, mining is still profitable! Because under such cards comes a lot of new coins!

[tienda 8776]

I think yes for who mine with old machine or computer, I means with no potential machine is dead and also is not very very profitable with potential machine there are a lot of cost you need to pay and now the block are limited.

[Kaëns Christophe 231]

Hello everybody

Old manners of mining seem dead because it cost lot of Energy to mine these crytocurrencies.

A new way of seeing mining can be the Pi network which use your phone for mining but doesnt use your battery .

So not a lot of Energy wasted.

If you want to enter in this new way of minig , here is my link

https://minepi.com/chris1973

This projet is rather joung. The pi token has no value for the moment but i think will have great future

[Zentoly 419]

On 12/14/2019 at 4:24 PM, juos1s said:

No, that doesn't mean the mining is dead. It's just not profitable for individuals and the profits are diminishing.

Yeah its not meant that mining of cryptocurrencies is going to fully dead , the crypto mining is still profitable but not like a 2017.

[silvergain 271]

no it is not. mining is not dead yet and lot of users are mining. specially crytpo uses by mining hash and blocks. as i learned and understand about crypto that crypto complete their transaction process by helping of mining rigs. i mined lot of xmo with gpu cards. however my graphics gonna dead soon by mining monero and make some low profits only.

[steel123 54]

As long as the crypto price is profitable to cover the electricity that someone has cheap then everything pays off.
It's enough to have electricity cheap or almost free

[Anonymous_Pepe 0]

Mining is dead for YOU, if you do not have mining farm of several thousands powerful PCs with latest hardware, I suppose.

[babdus10 16]

It is almost tilting towards that direction because the electricity is becoming a major set back.

[Lukasz 1]

mining is alive, nobody said that profit will be x20 at all times in relation to the price of mining ... digging is not a job but a kind of mining activity of an investment nature. Some people even say that at the moment miming resembles gambling, there is something to it, but I would rather see it as an investment activity.
 

[Cgogogo 71]

Mining is not dead and is much active,what makes it look like a dead of a thing is what require for someone to mining,it's require a lot of energy and stable power supply,so many found trading so easy and that's why majority now ignore Bitcoin mining