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Esstek

Mining in Today’s World

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Hi.....

Because at present you don't have path for you to bring in cash at GPU investigation and aric investigation. Consistently can be greatest and improve the general diffoculty to assist you with getting paid segments in parts to assist you with changing the application to help you unmistakable crypto.

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In fact, I have no experience in this matter.  Because I don't like doing any mining work.  However I am curious about this issue.  In it you can learn and learn a lot.

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

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About mining site actually i have no any idea. I am trying to know gain knowledge about mining. I think many people in crypto know about mining site. I wantvto know how is mining site if any one know please tell     

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On 10/16/2019 at 10:48 PM, Esstek said:

Hi

i was just curious to know is mining still that profitable as it was 3 years ago and will it yield good income if we purchase the best miner available right now?

P.S I had an antminer s9 14th bought back in 2017 and it was doing quite good until the bitcoin went straight down from its ATH, after that i was not able to recover even my electricity cost associated with the miner

At that time i was earning around $30 Per Day and i almost had a break even but suddenly everything went upside down

so i was just curious to know if anyone out here is using a miner and is it making him enough money to cover his costs

This is because block reward has been reduced too much low and Also people were using these too.

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Всем привет сколько развилось этих клоуд майнингов особенно фейков что страшно представить и большинсво этих сайтов скамы которые не платят своим пользователям или еще что лучше просят заплатить что бы выплатить на это уважаемые пользователи не ведитесь потеряете свои деньги.


Зарабатывай на написание постов вместе со мной тут регистрация. Оплата до 3000 рублей за качественный пост. Деньги выводяться на счет брокера ссылка регистрация . Так же видео со всеми подробностями и скринами заработка мной лично линк

 

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Mining nowadays is only for those who have big capital not for individual as just like in the past. There are so many things that people spend on mining starting from mining rig, the building, the electricity cost. Things that for those who don't have a money impossible to do.

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The matter needs a calculation. As it is necessary to calculate the value of equipment, its suitability, and the value of maintenance work during its working period. In addition to calculating the value of consumed kinsmen, but in general you can mine the ethereum it may be more profitable

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I don't have much idea about mining but my some friends doing mining and telling me btc mining not profitable need powerful computer or electricity so don't waste your time.

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On 10/16/2019 at 7:48 PM, Esstek said:

Hi

i was just curious to know is mining still that profitable as it was 3 years ago and will it yield good income if we purchase the best miner available right now?

P.S I had an antminer s9 14th bought back in 2017 and it was doing quite good until the bitcoin went straight down from its ATH, after that i was not able to recover even my electricity cost associated with the miner

At that time i was earning around $30 Per Day and i almost had a break even but suddenly everything went upside down

so i was just curious to know if anyone out here is using a miner and is it making him enough money to cover his costs

i think mining can be profitable, even in those days. you need just a good equipment a low electricity fees, so you need to live in specific countries. 

for example, in my country even if i have the latest ASIC i could not mine because i pay a lot of fees in electricity

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On 3/6/2020 at 9:44 AM, Soaib khan said:

I don't have much idea about mining but my some friends doing mining and telling me btc mining not profitable need powerful computer or electricity so don't waste your time.

They are absolutely right, for that you need one of the best computer and indeed more electric. You can't do that alone in, by reason of these problems, mining is not profitable for us. 

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My friend, you are talking about a miner purchased in the year 2017 at that time it was $ 30 great production but now it is no longer sufficient to cover the expenses as all the data changed so the price of bitcoin increased a lot and the prices of the screen card used for mining became high and a lot of things


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Today there are newer models of ASIC devices than s9. I can recommend using s17 asic devices on which you can mine cryptocurrency more efficiently. 

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Mining is a good method to give us money, but the problem are scammers. They have take away all the good reviews and history of mining by creating fake mining sites and steal money with them. So many investors have lose faith in mining business.


Time is the ultimate weapon!

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Posted (edited)

You can mine with GPUs nowadays, we have the new Nvidia Ampere GPUs with a lot of mining potential (100 Mh/s with oc 3080 and current drivers and miners, which is in development now, performance will be better).

Edited by AlexRay

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Mining is not that much profitable now days as most of mining platforms end up scamming which creates bad picture in mining platforms industry as most of people world wide do not trust in cloud mining although some of them shows promising future as you can see from virtual mining supported in Yobit exchange as now days it's supported by Yo token as you can't operate without activating it using Yo tokens meaning that the mined token is supported by Yo token technically as when Yo token increase the mined token (minex) also increase 

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Without mining, there will be no blockchain, it is even though basis of cryptocurrencies generally, there must be mining, it is important. Cryptocurrencies depends on it. And as of today, mining is hard but still good in a was good miners at profiting from it. 

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Mining is becoming more popular, people mining good, I like mining, learning about it gradually, setting a mini right will be nice. But I do not know that coin to mine yet. But mining is making people money. 

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Mining nowadays isn't really that profitable. It is because third halving happened about a few months back and it Bitcoin became harder to mine again. So if you are planning to build your own mining rig, I don't really recommend it because the reward isn't enough for your electricity bill.

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No, unfortunately, mining is not as profitable as it used to be.
Whereas in the early days of Bitcoin, you could mine with your computer's CPU or high-speed video processor card.
But now, it requires very powerful processors in addition to the great electricity cost.

Edited by Tulip_al
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I never doing mining cryptocurrency in my real life. First time i trying only cloud mining, but i am lucky out soon before they going scam. I still don't get how the miner get profit, because i already google many people choose to selling their mining rig. Many people say that is not profitable. Yeah i think that is right after i calculate with mining calculator in internet, if we mining on top coins, that is now way to get profit. Except your electricity is really cheap or zero cost. Also if you create your ASIC miner by yourself.


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