Why Not Just Mine Bitcoins?

[Sami balta 53]

Although you can obtain bitcoins by mining them, it is not easy (or free) to do so. Unless you plan to quit your day job and become a full-time Bitcoin miner , it’s not practical to obtain significant amounts of Bitcoin through mining. Bitcoin mining requires highly specialized computer hardware, cheap electricity, and a high degree of patience.

[Mahadi hassen 50]

I think one day Bitcoin Mining will make OT profitable so people will be attracted to it easily. Because the benefits are increasing as such benefits increase. If a friend wants to come true, then I have other coins that are now less distinct and have better pricesWhen the price of these coins goes up, people will be attracted to them easily.

[Sami balta 53]

On 1/28/2020 at 5:14 PM, Hiizziiyyungg said:

firstly there is little chances of profiting from bitcoin mining nowadays so people tend not to give it attention because it now looks like a waster of time and it consumes too much electricity

Of course, many mining machine owners excluded this option and went to mining other currencies that are less expensive and more profitable.

On 1/28/2020 at 5:45 PM, Leali said:

If you leave your day job and a full-time bitcoin mining, it is not for the significant amount of bitcoins by mining. Bitcoin mining is a high-degree of special computer hardware, cheap power and patience.

Yes, but these days it has become very difficult to just think about bitcoin mining among many owners of mining machines because that has become a significant waste of energy compared to the profits returned.

[Sami balta 53]

On 1/28/2020 at 5:44 PM, Afroz said:

Yes now a day bitcoin mining is worthy because its begging because. If you want a friend, my other currency is less than that is in the lowest and good price.

Yes my friend and I agree with you because Bitcoin mining today has a lot of waste of energy and time

[Lubruselu 2803]

Currently people are don't use bitcoin mining but they are mining others cryptocurrencies, because the bitcoin mining payout rates now are decreased 

[Luciferludz 1442]

I'm not mining bitcoins because it is not profitable in my country because the electric high cost so that's its will not worthy my mining investment

[Georgesmaks 17]

Mining bitcoin is very difficult nowadays not like befor because bitcoin is very expensive and it will take more power to earn small amount so you need big energy for to mine BTC 

[Trader21 1199]

Mining Bitcoin is really good idea, but if we decide to deal with it. we must know, for that we need a lot of things, like a lot of money and it is not exaggeration to say that, we have to solve energy problems and etc. 

35/5000

 

 

 

 

[CryptoMaxim 3829]

Now mining the bitcoin itself is not profitable but if you mine video cards you should change the algorithm and mine another coin. And it will be profitable only if its price increases.

[cryptoya11 479]

If you checked most mining systems, you will see 50% from them, mine bitcoin from your device/miner and give you their coin/token, so you can say the best mining is from bitcoin so they use it as primary source and then exchange btc to their coin after collect from customers mining.

[Beromnia 733]

Welcome with me
Investing in bitcoin mining is very expensive, capital is required to construct a mining pool, in addition to calculating costs, especially electricity and maintenance for mining equipment
The need to allocate all time to supervise and follow up the mining process to make the process a success

[Trader21 1199]

BTC mining is not easy as you expected. Maybe you can do it but for doing that you need to have a lot of energy. More than that some computers and in my view that can not be valuable for you at the end of month.

[BitcryptoHan 2557]

On 3/14/2020 at 1:26 AM, jack0 said:

its totally depends on you, but you need to take care of your rigs or asic miners, two times a day. so it would better for your hardware's.

Mining is not easy, that means I will still need to take care of miners. I thought they said it is not time consuming to mine, taking care of it two times a day is time consuming for me. 

[jacker 1095]

I know what you mean. Bitcoin mining is increasingly difficult, because of problems with equipment and technology, electricity and the number of miners increasing. If you want to exploit, calculate and ensure profits, invest in mining such as hardware, productivity, rig ...

[Zaino34 0]

Mining is profitable and reliable to reap good profits from it, but it needs fees to buy special mining devices because the prices are high and we also need electrical energy and many people are unable to bear these things.

[Tatiana 540]

What for to leave a full time job if you may mix mining and such sort of job? I have a friend who mines ETH and it doesn't take from him any attention during a day, but he spent pretty big money to buy the necessary equipment, that's true. 

[pablomarwan 3082]

Mining is profitable, but as I said that needs high-tech devices that are able to bear, so you will need an amount to avoid the costs of electricity. It is better to rent mining devices in a specialized company that does not cost you a lot of expenses, even though it will delay you and reach your profits.

[bitcoinb 1359]

@Sami balta  Due to the competition and actual network difficulty, it useless to think about BTC mining if you haven't thousands of USD to invest in ASICs miners... I rectify you, it's not necessary to quite your job if you have mining activity

[guatazoo 7150]

Many of beginners when they are starting using cryptocurrencies, they think that they will be succeed fast through the mining, but actually mining is not profitable anymore.

[bliznec 22267]

But this equipment, which Bitcoin is mined, needs to be profitable. There are some nuances to optimize mining. 

[kadayakito 765]

For the time being I won't give up my job to focus entirely on bitcoin mining. Because I can't see profit for myself. I tried the calculation. Tapping too hard. My country is super expensive, monthly electricity costs are quite expensive if both operators I think I can not guarantee to continue mining until there is enough large bitcoin.

[magd 5231]

It is not possible to rely solely on bitcoin mining in daily life and abandon other activities because we have also noticed a decrease in the efficiency of bitcoin mining with the passage of time and not everyone has the ability to undertake this project that requires money and experience, this work must be in the hands of the competent people who do not have Other work and full-time mining

[iloveyobit 6599]

I think that the price of bitcoin will be zero if all people go to mining because in the end those mineral quantities will remain in the market and no one will trade it.

[AmjadBydn 0]

I think if you want to work with mining alone so I will tell you that it's a very hard process ! because you need a huge power to make this mining process ! 

[bitcoinb 1359]

On 4/30/2020 at 3:26 PM, DoboniAyuuii said:

You need asics like antminer. 

This is a relevant comment. Bitcoin mining is not possible with CPUs or GPUs due to the ccompetition with ASICs and the netwwork difficulty.. That's why common people are mining Altcoins. BTC mining is processed by companies who have hundreds or thousands of ASICs.