Mining good or bad idea

[Bitxalt 452]

mining crypto at this time can't be said profitable, although not a loss but only earn fiew peny, so I can say loss of time, electricity and maintenance costs will add to the burden of miners, you should not mine if for profit, but if for long-term investment, maybe You have a good analysis of the tokens that you mine.

[WayOut 216]

Mining is a good idea, but soon the bitcoin hashling. Coins per block will be 2 times cheaper. Now 1 block costs 12.5 btc. Accordingly, in 2020 it will be 6.25btc per block.

[saski 80]

Depending in your hardware and materials,  It should simply be about numbers. if you are minning at loss you need to stop . It would much better to buy the coin you are minning 

Minning at loss is the same as buying bitcoin above the market price 

[WayOut 216]

On 03.10.2019 at 21:58, Sakkievt said:

Should i mine mobile and is it worth it?many sites claim you can mine but is it worth taking the risk and effort?

Man, this is up to you to decide! I can now say Bitcoin lane for the idea. Since very soon the reward for the block will be divided into two parts and it will become more difficult to mine it, I hope that its price will increase from the complexity of mining. I can say the same for coins, which are becoming less and less every day, which makes it less accessible and increases demand! I think I answered your question completely!

[Michael Ruter 1]

its verry god you must cobain

[Mathers 295]

Mining is not bad idea, It depends on whether or not you have the best or right equipment to make a profitable mining, If have a good hardware, stable power supply that is very cheap, then mining will be a very brilliant venture to go into.

[nameste 16]

The main question should be is it profitable? When you build a system you have to buy hardware. And the main thing is electricity. You have to consider this 

[Chibineko 0]

Mining is not a bad idea yet its a long process ..long patience for profit

and thus the hardware need a maintenance care for it to be long life to use it

so its a lot of process or long way when you mine...although its more risky thru online miming since a lot of sites i heard back then are now not active

[Ismoney 230]

Location activities actually matters when we talk of crypto currency mining because it is actually profitable in places with low rate in electric bills. The cost of power usage is important as well.

11 minutes ago, ashasanga said:

Mining is very costly in some countries more than others, so in some countries they do no mine at all and might never mine. so you should stick with the odds of your country.

That is true. A research that was released around Jan 2018 tells a lot about countries and the cost of operating a bitcoin mining. So, we should creating look into it firstly before starting it. Thanks.

[hexwin 4931]

I started to mine Idena coin. It is totaly oposite of all standard coins, as you can mine it with regular computer or even laptop. This will be hit when mainnet launches

[f0rest 1186]

Now I see the prospects of bitcoin growth in December of this year above $ 14,000. Therefore, mining is good, but we must not forget to translate all the mined into bitcoin. Since it will grow with the greatest probability.

[Cryptohash 702]

It is based on what coin you mine .

If you start mining via Phone CPU or Cloud mining it is a bad idea.

If you start with asic and mining rig with good coins yes it good.

But there are very low coin which give profit in mining nowadays.

[cryptokram 102]

On 10/4/2019 at 2:58 AM, Sakkievt said:

Should i mine mobile and is it worth it?many sites claim you can mine but is it worth taking the risk and effort?

Mining in your phone is not a good thing to do and if we will be in the computer mining then it will always depend on the country you are staying.

you need to include some cases there.

1. weather

2. cost of electricity

3. cost of maintenance

in my country it is bad to do.

[aika 286]

Mining on the phone is just a big scam, phones doesn't have the mining power there. You're risking your personal info stored on your phone, and some of these apps ask for too many privileges on your phone.

[jmigdlc99 360]

There are lots of factors to consider if you plan on doing mining. If you plan it correctly and put in the effort to do things right, then yes, it can be a good and profitable idea. Otherwise if you aren't technically inclined, it may not be so.

[teleandr 16]

I'm interested in solo mining but I'm concerned about one thing.

There appears to be the potential that I might create a block which is identical
to what one or more other miners are working on. If any of them are faster,
using the same algorithm, I'll just be wasting my time.

One idea is to have every solo miner generate a temporary unique random number
to include in every block they generate. As long as every miner is using a different
number, their blocks should always be unique. We would only need to broadcast
our random number when we first connect to the network and, to minimize
network traffic, we would only need to respond to a number broadcast if it's the
same one we're already using.

Another method, that wouldn't be as reliable but also wouldn't require a fork, is
to use a smaller block reward. 12.49999999 instead of 12.5, for example. As
heretical as this may be, I would gladly sacrifice a few Satoshi to improve results.

[Rifrach 207]

It is predicted that the activity of mining Bitcoin later will only make the perpetrators lose, but this will only make them more desperate. Mining for bitcoin is a bad idea.

[AvrSupply 11]

On 10/4/2019 at 2:58 AM, Sakkievt said:

Should i mine mobile and is it worth it?many sites claim you can mine but is it worth taking the risk and effort?

You can mine in mobile,but make sure that your smartphone has a high specification.Also maintain the use it.Some of my friend in the past years use smartphones for mining, and then it broke. So lesson learned,you should buy or maintain the use of phones in a short period of time then use it for the other day.

On 10/29/2019 at 7:19 AM, oplale said:

Mining is an amаzing thоught as it wеre on the оff сhаnсe that you hаvе got grеаt еquipment (GPU). I hаvеn't оbtаined a inсrediblе оne howevеr, but they sаy ring setting is the leаding altеrnativе.

In my country ,the latest set of computers in Predator Station is the Predator Thronos. This set has its high specification than to the other computer sets, still it is expensive for those person who want to buy this. It is much efficient for me in mining in a easiest and fastest way.

On 10/29/2019 at 8:13 AM, kicktracer011 said:

Mining is worth the effort if you have a decent computer. If you dont have a decent computer you are better of with faucets and other ways to earn online. Mining with a bad computer usually only gets you a couple cents a day and will not be worth all the electricity you waste. You also have to keep in mind the wear and tear of your computer.

If you want to less expensive to buy an important components such as the Video card and the other component. You should have a savings in your bank account and make a collection of money. And you can buy a component that suits to your O.S to be  more efficient.

40 minutes ago, Moldovan said:

You can't earn a good amount of money if you are just using your personal computer's GPU for mining. Buying a mining rig could cost you up to thousands of dollars but it is definitely more profitable that your computer or laptop 

Additional information, the personal computer in my country has 500 VRAM, 2GB RAM, and the graphic card is amd radeon 6450. So it is equivalent for me as a future I.T specialist for using only in a office or at a home. Most of m my friend was found out that if the graphic card is to low, there's a tendency that this component will be burn and can affect the other components. It reminds me for the past years when i was mining without reading the disadvantages itself.

Edited October 30, 2019 by AvrSupply

[xBDT Script 4371]

Mining with mobile is nothing but damaging the device.

But-

If you have enough resources, why not? Well, you must have to account that it's very much competitive and not an easy to start with. If you have some good resource, I recommend start mining some good coins with pool. Mining with pool is very much efficient. On the other hand, if your resource is limited, you can start with PoS system, which require less investment.

[xBDT Script 4371]

8 minutes ago, grasoviz said:

Мining with pоrtаblе will mаkе it hang or wаrm. In сasе yоu still need tо mine with Versatile at that point аttеmpt tо minе ETN as with thаt yоu just will only downlоad their app and thеre yоu'll  gеt frеe cоins.

It's also same, mate. You can expect your device to get damage and the return you will get from mining ETN is merely near to the cost of your device. As far as I know, there is a mobile through which one can mine ETH, if anyone wants, they can purchase the phone and mine ETH.

[vovanmaksi 86]

Miners suffer a lot from the bear market, but while some people consider losses, others expand. So, I think mining is always relevant.

[Migo 7946]

On 10/3/2019 at 7:58 PM, Sakkievt said:

Should i mine mobile and is it worth it?many sites claim you can mine but is it worth taking the risk and effort?

Mining is good but with conditions of course, one of this conditions is that you must have a specific equipments specially designed for mining not like phones they are not for mining you can damage your own phone without a doubt 

[Deborah Christine 410]

Mining is good idea if the price of coin high. For now mining is not profitable becaise the price of coin is low and the cost for electricity more expensive than income. But i think mining bitcoin now still profitable.

[Lucifer 134]

I think it's a bad idea because you are going to spend a lot of money on the machines and then on electricity, even the high coins that will lower the price a lot. It is better to trading.

[niroblm 141]

mining is a very bad idea it's totally waste your time.. it is not profitable. don't waste your time you can learn graphics design