Is mining dead?

[Soaib khan 1035]

I not idea about mining but my some friends doing mining telled me some coins mining still profitable like monero but bitcoin mining not profitable.

[Irungu 4299]

Yes I believe so , because at the end of it, it has become  very expensive and it becomes very hard to really identify what is right there is a lot of good effort to follow certain routes and there is a lot of good that would come with the different ideas we see out there so , mining to me its no longer profitable.

[Trader21 1199]

Just now, Shaon1122 said:

Mining is not easy. Mining easy for money Transfer. If you make mining then online income  very easy. Mining Company limited and Trusted.

 Mining is hard but not impossible. Mining are good site for extra income.     

It is impossible to make the same amount of money which you have used for mining equipment. The ROI rates are low and it takes few years in order to make the same initial amount from mining.

[Saiful6592 5]

Mining is a good for you have a hardware. Mining    is a good idea for online income and extra income.  Because many people are in a mining . all of the members ddo the work  witk payment.  

[bitcoinb 1359]

58 minutes ago, Khalifa Omar said:

Mining is not dead yet, it is still very much alive but it's not as popular as it was before. Most people mint bitcoin and the price for mining bitcoin in 2020 has fallen from 12.5BTC to 6.25BTC. So I guess some people are no longer interested in the stress and prefer to trade or invest.

This is a very relevant comment! I have a mining rig. Mining activity can be very stressful. I am mining Altcoins since the end of 2017. Mining is not dead. 

REMINDER: mining is necessary for the majority of cryptocurrency. This is the process to validate transactions.

[George10 9932]

Mining is expensive and that's the reason why most of mining companies out there shuts down or turns out to be scamers by making fake mining websites.

[CryptoMaxim 3829]

For most users who have had home mining, we can say that mining is outdated. And more and more kinds of cryptocurrency have switched to POS mining.

[Rickso 768]

On 10/19/2019 at 12:10 PM, 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

if a crypo currency is not mined this does not mean that mining is obsolete, this means that the coin is useless and no one has interest in mining him.

just look the global hashpower of bitcoin, it is growing every day. is for you mining dying? i really do not think so

[SHAKILZ 23]

It doesn't die of cruel mining.  Individuals do not dig out coins, they dig coins like Bitcoin that have huge reputations and bring benefits.

[a2alikhasan 13]

Mining isn't deal actually because till now many people making good profits from mining but its not so profitable like trading. 

[Saj555 2250]

The mining of bitcoins or other currencies actually depends on the users. If the developers find out about the popular then they give a chance to do the minings. And among all those bitcoin mining is the most popular actually. But mining of any currencies depends on the public demand. 

[Abuarnabkhan 71]

Well with the digital currency value drop I accept that a great deal of excavators quit mining since it got unrewarding for them, yet at the same time there are a few diggers without a doubt, in any event the designers despite everything all mine system usable.

[teminalibug 309]

Just now, Aissam11 said:

In fact, mining is still continuing today, but it is in a very sharp collapse. We have to do something about it. This is very unfortunate. I hope they will find a solution ...

Mining does not need to be found a solution for it should be found an alternative and that is alreday found, it is staking.

[Shahud 1319]

there are many mining programms running in the cryptomarket .and peoples are getting profit with a huge investment and it is a staking

[Zaxon55 10]

This is a very good topic .Thank you so much for posting about this beautiful topic.I have no idea of the details of this.I would be grateful if anyone told me about it because i am a new here.

[championboy 8]

I think there isn't not any region to be dead. Mining ranches are as yet working appropriately. There isn't any issue making mining process be halted. There is an opposition between crypto diggers to win square prizes.

[MrGeany 297]

no my friend mining is not dead cause lots of companies still money coins that is how they make profit from it and it is not several Ks, guys they make millions of DOLLARS every week, and even days maybe depends on what they mine and how its price is going in the market. so it is very profitable you just have to choose coin which has the future.

[teminalibug 309]

56 minutes ago, Deduci22 said:

not dead but i think that mining these days are now less profitable cause bitcoins price is going down but it is temporary. i think it depends on the miners and the coin which they mine so don't worry it is alive and will be alive till crypto coins are alive.

I just saw a setting up of a mining rig from one if the members here, gave some inspiration, and i think we should not just say mining is dead if we do  nit give it a try. But of course you should do some costs calculation from your area.

[Fedor00 74]

Mining is definitely not dead. Some cryptocurrencies are not being mined anymore because they don't bring any profits anymore to the miners and they are dead coins

[Dark_Sky 8489]

No it's not. 

Maybe your mining site is currently down. 

Some mining still on going and continue their service to the miners. 

Just check other mining sites for you to know. 

[Rares002 262]

Mining is not dead, but it is unprofitable. Is it worth it to mine coins if their price is constantly falling? After all, mining consumes much more resources than staking. That is why it is worth paying attention to PoS right now.

[BTC Future 3946]

On 10/19/2019 at 1:10 PM, 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

Cryptocurrencies that are not mined, means that they are done. Their network is over and no transactions can proceed through their blockchain, since there is not a single node running. These cryptocurrencies have been abandoned by their devs as usually they are the last ones to turn off their mining process.

[Cammer 4609]

On 10/19/2019 at 1:10 PM, 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

I would say that mining is paused for now. If you mine, you probably will lose more that you will earn. But still, a lot of people mine Bitcoin with low electricity fees and those people earn money.

[Calvinpriva 17296]

Mining it seems to be dead because many sites are stopped working because of crypto prices has fallen. Other reason which makes mining sites to stay idle its because there are many scammers who are using fake mining sites to steal money. So the value of mining sites has decrease and many investors are trading only.

[MCSGlegend 2210]

Mining is now dead for those who do not have the money to invest at least$ 7000 in it, if you have such money, mining will pay back the investment very quickly.