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Re: Mining Bitcoin

Postby skysnap » 07 Dec 2018, 08:59

At this point, investing into crypto is only going to hurt the people. So avoid it as much as you can.
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Re: Mining Bitcoin

Postby A K Rao » 08 Dec 2018, 04:18

Apart from having a good mining kit , you need to have good know how, powersupply and management. Many a times at the final stages when one requires guessing the 'nonce', people often get failed there and that converts all the efforts futile.
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Re: Mining Bitcoin

Postby junrose123 » 08 Dec 2018, 06:44

I am not mining some bitcoins right now since I am just earning less from it which is not worth for my time.
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Re: Mining Bitcoin

Postby johnywalker » 08 Dec 2018, 06:53

If you want to profit from bitcoins, investing on bitcoins will be more profitable than mining. You can buy some bitcoins now and sell when the price improves
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Re: Mining Bitcoin

Postby riddy09 » 16 Dec 2018, 01:13

johnywalker wrote:If you want to profit from bitcoins, investing on bitcoins will be more profitable than mining. You can buy some bitcoins now and sell when the price improves


The problem right now with Bitcoin is it continuously to dip its price. So, I'm not sure if you can profit from it or through mining. It's worth mining when you know or confident that the bitcoin price will rise.
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Re: Mining Bitcoin

Postby cmoneyspinner » 16 Dec 2018, 03:47

I use the free faucets just because I'm on my computer all day long anyway so why not claim some satoshis / bitcoins or other forms of crytocurrency. I'm using the electricity and my computer power anyway.
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Re: Mining Bitcoin

Postby A K Rao » 16 Dec 2018, 04:11

cmoneyspinner wrote:I use the free faucets just because I'm on my computer all day long anyway so why not claim some satoshis / bitcoins or other forms of crytocurrency. I'm using the electricity and my computer power anyway.


Nice to know about that, but it is known that collecting bitcoins through your computer can be expensive thing as you can end up in spending more on electricity than the bitcoins/ satoshis you are gaining. May I know how many satoshis you manage to collect in a month?
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Re: Mining Bitcoin

Postby tusziget » 16 Dec 2018, 04:14

There is a general opinion as I have read in many posts that mining doesn't bring too much profit,but there must be some way out,if some persons still do mining.
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Re: Mining Bitcoin

Postby Whiterose » 16 Dec 2018, 04:20

Sometimes I am mining some bitcoins in my PC but still the earnings are very less.
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Re: Mining Bitcoin

Postby darkthorn » 16 Dec 2018, 17:07

Mining bitcoin with your pc is not worth of it, either you buy a specific hardware to mine or you buy cloud mining. Using your own machine will not bring you profit much the opposite because you will end up with a dead pc and a huge electrical bill just to earn a little amount of bitcoins. Further more the cryptocoin market is in crisis at the moment so this is not the best moment to invest in mining cryptocurrency.
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Re: Mining Bitcoin

Postby riddy09 » 16 Dec 2018, 23:49

It means you'll need a gaming rig or mining rig for this sole purpose of mining bitcoins or other cryptos. There are even setup that will have multiple graphic cards into one system.
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Re: Mining Bitcoin

Postby MysticMoons » 17 Dec 2018, 05:29

I agree with everyone who said buying and selling bitcoins is the way to go. I think I will do this..
and make some nice money. :D
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Re: Mining Bitcoin

Postby riddy09 » 18 Dec 2018, 00:05

MysticMoons wrote:I agree with everyone who said buying and selling bitcoins is the way to go. I think I will do this..
and make some nice money. :D


It's actually more practical to look for other cryptocurrencies not just Bitcoins for better opportunities. We know it's hard to trade Bitcoins right now unless we are into sell positions.
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Re: Mining Bitcoin

Postby cmoneyspinner » 18 Dec 2018, 02:01

darkthorn wrote:Mining bitcoin with your pc is not worth of it, either you buy a specific hardware to mine or you buy cloud mining. Using your own machine will not bring you profit much the opposite because you will end up with a dead pc and a huge electrical bill just to earn a little amount of bitcoins. Further more the cryptocoin market is in crisis at the moment so this is not the best moment to invest in mining cryptocurrency.


I agree with you. You need dedicated equipment, set aside for only mining.
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Re: Mining Bitcoin

Postby jackchun » 18 Dec 2018, 02:14

I will use Autofaucet rather than mining bitcoin, if mining, goes to facuethub better
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