Is mining dead?

[ghostrid3r 146]

I think that at the moment mining does not bring enough money to deal with it closely, only if you can try for your development, but the amounts will be quite small if there is no expensive equipment and a free outlet

[dhemasm 219]

Nope, Not dead. It's just that individual miners lose to miners who have a community. Therefore a pool is created to bring together individual miners, and with the large number of cryptocurrency offering PoS algorithms, it is possible for miners to move in part to this algorithm. Anyway which cryptocurrency do you mean?

[cryptokram 102]

On 10/19/2019 at 6:14 PM, agentdosa said:

In my opinion mining will continue to run and develop, so far no party has ever said for sure that mining will die ... !!!

The OP is not about the mining i think but the coin to mine! there are many of them which has no value now to mine! even Bitcoin! if you are in a country that has huge amount to pay for electricity is not profitable to mine!

[salakka 76]

Mining is still going on cryptocurrency but as we know because of ekectricity cost. Sometimes all profit will eat by electricity cost. 

[Devh 564]

On 10/19/2019 at 3:10 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

Mining is almost dead and the price of mining machines are almost like scrap. So stake holding is best mining option at this time. Search for PoS proof of stake coins. happy earning.

[redamoun 811]

On 10/19/2019 at 11:10 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

Yeah brother some coin cannot be mined that easy, you need a big investment in materials, but let me tell you that mining is not dead yet, you can use some alternative energy, and also like you say in your topic, the most important is to choose the very good coin that can be traded in lot of platform, so you can sell it very quikly,

[saski 80]

No mining is not dead.

Mining can still be a great way to profit from cryptocurrencies  but you need to  know what you are doing and what is  your mining power, find out your electricity costs and how much power your mining hardware power consumes. but the thing about mining is that the profits are not stable.

[WayOut 216]

On 19.10.2019 at 13:10, 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

No, mining as a whole has not died) Just some coins exist at the expense of wallets that support cryptocurrency due to the included wallets.

[dentolas 551]

Some coins are dead, being POW or POS or any other ... if they are dead, their mining is also dead, and vice-versa... mining is an integral part of any true crypto

But no one can say that mining is dead in general... these people should check BTC network charts before speaking

[niroblm 141]

it is not profitable for me. i can't earn form mining site. i totally waste my time, you can try this it is not surely best of luck

[salakka 76]

23 minutes ago, HammadAli said:

Thanks for sharing. Mining requires a lot of equipment and resources. And these things come with money. It can be a good thing for some. But most f the mining is centralized.

im agree with you because mining isnt cheap for started and much equipment needed and also we must calculated for return of investment too

[aqua 773]

The mining process will not die as long as the coins still active and have the potential to increase. You can see that many altcoins still being mined by many people because they believe that it is only a matter of time for the coin to get rise again. But to buy the hardware for mining, you need to have a lot of money, and you need to calculate the electricity fee that you should pay. The other thing that you should care about is how long you will get ROI from the mining process because many people cannot wait too long to reach their ROI.

[Lubruselu 2803]

The mining will never dead, because all bitcoin miners are the only who allow bitcoin transactions to done fast. So their mining earnings is from block chain networks fee that's we use to deposits, withdraws and transfer bitcoins. So if bitcoin mining will dead that's means our transactions could not be done.

[Mathers 295]

Mining is not dead and will never be or else cryptocurrencies like Bitcoin and Ethereum will be dead too, but crypto mining are only profit yielding in locations with a very low power cost.

[Mathers 295]

2 hours ago, Yawar said:

After pumpm of btc price mining difficulty will rise faster when the exchange rate rises. So not many people care to fiddle around with old miners --- especially since these old miners fail fairly often, needing attention (e.g., rebooting), repair (e.g., fans), or replacement (rig simple freezes, won't start mining or run for very long)..

I expect that too a huge price in Bitcoin will lead to more people switching back to mining Bitcoin because a lot of people during the bearish market.

[josephrioveros123 698]

For me if you have a lot of capital maybe you can still mine a lot because you can buy equipment that can be use for mining. But if you don't have a lot you should just try trading because it can be more easy and affordable. But at the same time very risky. 

[Zentoly 419]

I think if the mining is gonna to dead then there is no one available for making your transaction speed high.

[martmobi 127]

22 hours ago, HammadAli said:

Thanks for sharing. Mining requires a lot of equipment and resources. And these things come with money. It can be a good thing for some. But most f the mining is centralized.

I see what you mean my friend, there's an alternative to the high cost of mining equipment, the step is simple first choose the coin, and then move to rent mining equipment on nicehash and mine the coin then do follow up to either trade your daily earnings or hold for future purchases. 

[lucky80 1046]

On 11/4/2019 at 8:57 PM, Rifrach said:

Bitcoin mining is predicted to use 0.5% of total global electricity consumption by the end of this year.

Where did you get this? if you're not answering in one day, i will mark your post as spam.

7 hours ago, William . Hobbs said:

you must have equipment specialized in mining but expensive

Yes, mining is not a joke. If the miner is joking, they will stop now. And you can't send BTC anymore.

 

42 minutes ago, wilbertson said:

I thought it will die.

Ok. Stop now, and sell your BTC. You cannot send even one sat when mining dies.

[spyaquino 907]

7 hours ago, nataliav536 said:

If there are more than 21 million bitcoins mining will continue to live, if not, then the future of mining really leaves much to be desired.

I believe that even reaching the 21 million BTC supply available, your network will continue to exist and users will continue to receive rewards given that the blockchain keeps BTCs active, and their fees will cover all mining rewards costs. I think it will be so.

[giash crypto 258]

i think almost dead. before one year it was profitabe. but currently almost all graphics cards are not giving profit except few.

[scorpiali 5626]

It's not Dead but it's not profitable right now because of difeculty of mine bitcoin.no one can make a lot of profit by mining.exept if you have a farm of mine LOL 

[Migo 7946]

No absolutely not, there is a dead coins which are dead for a long time ago, but there is litecoin, etherium, bitcoin cash, and other important coins, you still can earn from mining, don't worry about that just get the right equipments and you will see

[Solainstaller 19]

On 10/19/2019 at 3:40 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

The coins which are not mined are due to their value going zero but still i can see lot of good coins are still getting mined by the miners and they are taking good profit. It all depends on you calculation of mining and taking profit.

Only bitcoin mining is dead for small miners, now only farm miners can take profit but that too is very less Profit. 

[Bitxalt 452]

You are right to say such things because mining now is not profitable, and if it is profitable, but not much.  so many people leave their mining equipment even though not everyone, but mining crypto lcurrencies is already rarely interested, only some people and big companies that run their mining equipment