Is Bitcoin mining worth it? - CoinCentral

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Bitcoin Mining is Not Worth It

Researched and used profit calculators.
Since the rewards half about every year, its 25 now and eventually to 12.5 bitcoins, you get less, and difficulty raises, there are warehouse miner competing against each other for ever increasing hashing rates, select people have first access to cutting edge and better technology, and they sell it at a premium (pretty much make the same if they mined with it or sold to a dumb buyers they get the same value), I've figured is not worth it mining or pool mining.
Save your money and spend it and your time on something worthwhile. It pays to do your research. This is not a get rich quick thing except the people selling them for at gouging prices with ever decreasing return. Two separate times I've seriously thought about buying some, cheap or expensive, and the last time they were in the mega hashes, now is the tera hashes and you can only eek out a profit. Soon the 1-10 tera hash asics will be obsolete and worthless in a year with little to no return.
The electricity alone cuts into anything you make, making it pointless. Just look at the price charts and difficulty charts the HUGE bubble occurring. And the sellers of this equipment delay the stuff just in time so you end up making nothing in the end because of all these factors. They get you good.
Summary: Don't mine bitcoin, too competitive, increasing difficulties levels, halving rewards, electricity costs, excessive pricing on mining equipment and volatility of bitcoin itself skews your profitability.
submitted by stone717 to Bitcoin [link] [comments]

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable?

submitted by bittruthBTC to NiceHash [link] [comments]

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable? submitted by bittruthBTC to Bitcoin [link] [comments]

Is Bitcoin (BTC) Mining Worth It In March 2019?💸Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It In March 2019?💸Profitable Or Not Profitable? submitted by bittruthBTC to Crypto_Currency_News [link] [comments]

Is Bitcoin (BTC) Mining Worth It In March 2019?💸Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It In March 2019?💸Profitable Or Not Profitable? submitted by bittruthBTC to btc [link] [comments]

Is Bitcoin (BTC) Mining Worth It In March 2019?💸Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It In March 2019?💸Profitable Or Not Profitable? submitted by cryptoallbot to cryptoall [link] [comments]

Is Bitcoin (BTC) Mining Worth It February 2019?💸Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It February 2019?💸Profitable Or Not Profitable? submitted by bittruthBTC to BitcoinMining [link] [comments]

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable? submitted by cryptoallbot to cryptoall [link] [comments]

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable? submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable?

Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable? submitted by bittruthBTC to btc [link] [comments]

7 Reasons Bitcoin Mining is NOT Profitable or Worth It (Home miner)

7 Reasons Bitcoin Mining is NOT Profitable or Worth It (Home miner) submitted by CityBusDriverBitcoin to btc [link] [comments]

Bitcoin mentioned around Reddit: How can I eli5 to my dad that mining is not worth it. /r/buildapc

Bitcoin mentioned around Reddit: How can I eli5 to my dad that mining is not worth it. /buildapc submitted by SimilarAdvantage to BitcoinAll [link] [comments]

This article didn't age well... initially titled "7 Reasons Bitcoin Mining is NOT Profitable or Worth It in 2017"

This article didn't age well... initially titled submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is it true bitcoin mining on a computer/laptop is not worth it anymore?

I got curious about mining bitcoin but i read that nowadays you need ASIC for mining instead of a regular laptop / computer.
why?
submitted by zuchit to btc [link] [comments]

Is DogeCoin mining as profitable or is it not worth it like BitCoin?

Hey there everyone! Im totally new to this CryptoUniverse, and I chose to try Dogecoin as a starter currency. I'm really enjoying it here and have made a few doge from faucets and 2 people actually tipped me on /DogeCoin! I was thinking about starting mining on a computer so before I start, I was wondering if it is worth it to mine DogeCoin. I know that is it extremely hard to make anything Mining BitCoin if you don't have a dedicated BitCoin rig.
Thanks!
submitted by TheMightyCraken to dogeducation [link] [comments]

Around $12m worth in BTC is mined every day. It seems like not even that tiny amount of fiat is spent every day to buy it all up. We are unfortunately still so far from mass adoption guys. /r/Bitcoin

Around $12m worth in BTC is mined every day. It seems like not even that tiny amount of fiat is spent every day to buy it all up. We are unfortunately still so far from mass adoption guys. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Could this rig with 4 servers be used to mine bitcoin or is it not worth it?

Could this rig with 4 servers be used to mine bitcoin or is it not worth it? submitted by GarrusTH3Sniper to Bitcoin [link] [comments]

At this point in the bitcoins evolution is it even worth the time to mine coins without a very serious setup? If it is possibly still worth it what mining usb, or small mining machine would you recommend? It seems publicly either u have a big mining operation or it's just not worth the t /r/Bitcoin

At this point in the bitcoins evolution is it even worth the time to mine coins without a very serious setup? If it is possibly still worth it what mining usb, or small mining machine would you recommend? It seems publicly either u have a big mining operation or it's just not worth the t /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is it true bitcoin mining on a computer/laptop is not worth it anymore? /r/btc

Is it true bitcoin mining on a computelaptop is not worth it anymore? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is it worth trying to mine bitcoins if so where do I start? If not what are other ways I can help Bitcoin become bigger?

Included in this post is my computer build
PCPartPicker part list / Price breakdown by merchant
Type Item Price
CPU Intel Core i5-6500 3.2GHz Quad-Core Processor $198.88 @ OutletPC
Motherboard Gigabyte GA-H110M-A Micro ATX LGA1151 Motherboard $53.88 @ OutletPC
Memory Crucial Ballistix Elite 8GB (1 x 8GB) DDR4-2666 Memory $44.99 @ Newegg
Memory Crucial Ballistix Elite 8GB (1 x 8GB) DDR4-2666 Memory $44.99 @ Newegg
Storage A-Data Premier SP550 240GB 2.5" Solid State Drive $63.49 @ NCIX US
Storage Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive $45.88 @ OutletPC
Video Card Gigabyte GeForce GTX 1070 8GB G1 Gaming Video Card $428.89 @ OutletPC
Case Cougar Solution 2 ATX Mid Tower Case $39.99 @ SuperBiiz
Power Supply EVGA SuperNOVA G2 550W 80+ Gold Certified Fully-Modular ATX Power Supply $82.99 @ SuperBiiz
Optical Drive Lite-On iHAS124-04 DVD/CD Writer $19.89 @ OutletPC
Prices include shipping, taxes, rebates, and discounts
Total $1023.87
Generated by PCPartPicker 2016-09-16 16:51 EDT-0400
submitted by Reddit_Revised to BitcoinBeginners [link] [comments]

Dumb question: I'm very very new to this and looking for a fool-proof Bitcoin miner. As in just download, insert Bitcoin adress, and mine. I know it may not be worth it due to cost, but I want to just try it and is blockchain.info good for a noob like me? I did the security steps /r/BitcoinBeginners

Dumb question: I'm very very new to this and looking for a fool-proof Bitcoin miner. As in just download, insert Bitcoin adress, and mine. I know it may not be worth it due to cost, but I want to just try it and is blockchain.info good for a noob like me? I did the security steps /BitcoinBeginners submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Could this rig with 4 servers be used to mine bitcoin or is it not worth it?

Could this rig with 4 servers be used to mine bitcoin or is it not worth it? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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Is Bitcoin Mining Worth It?!? - December 2017

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