Is bitcoin mining still profitable?

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necro said:
Why? Money is money. Trade is Trade?

How do missing body parts help me here?
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That is a short definition from me. It meant, You have to waste too much money hoping of Income from mining and then you will feel worse for your losing.
 
Learn about blockchain and the hashrate required nowadays. Here's a quick math for you, invest $3000 and make $150 per month. If you want to make $500 per month, then invest $10,000. This is where bitcoin mining is at in 2017. Wanna make money with bitcoin? Just buy some, or get a time travel machine and start mining in 2011.
 
BT7VEN said:
That is a short definition from me. It meant, You have to waste too much money hoping of Income from mining and then you will feel worse for your losing.
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Seems like I DIDNT really analyze what i was mining or taking profits off :P
 
Bitcoin itself? Unless you have access to industrial level power and a bunch of money to invest in hardware miners, it's pointless. You'll probably spend more on electricity than you'll make in coins, or break even at best. Better to buy bitcoin or mine alternative coins...
 
I’d say probably not. Unless you have a free electricity supply - because that is a big cost to factor in otherwise.
 
BT7VEN said:
I heard there are still some ways of profiting but never researched yet about this matter. :(
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because, you are not really that selfish and seem to realize your mistake here is a site for you to get a fast overview.

https://www.coinwarz.com/miningprofitability/sha-256

really there are a lot of coins who still over you 3$ profit with only 100gh/s <- which cost around 50$ per miner.

BT7VEN said:
I heard there are still some ways of profiting but never researched yet about this matter. :(
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The main reason i know a shitload of that, is because i did check my books and tried to advance as far as i can.

My last result was having a contact in china who would be able to manufacture the miners at a low price and ship them after manufacturing those. And with man in china i meant a person i meet before and did business before with.
 
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Unless you own a powerplant. Move you focus elsewhere urgently. Bitcoin mining was profitable in 2014 going backward. Big Companies mine bitcoin, so no computer you can buy will beat them. Hands down... even mining Ethereum is nearing the imposibility factor.

Focus on Making money online, less hassle
 
Bitcoin no, but other currencies like xmr, altcoins its profitable
 
It's better to invest than mine. Find some newly launched coin like BitcoinZ and invest in it 100-200$. Wait 2-3 years if you patient and there are 2 possible outcomes: you lose the money you don't even remember or you bank hard
 
as far as I know, mining become so hard that it isn't worthed it if you didn't have enough startup money. you will get CRUSHED HARD by big company.
 
If it isn't there would not be any miners and whole bitcoin project would probably collapse :) It's not for us, small fishes, i recommend mining altcoins. For btc,ethereum etc you need good investment, and cheap or free electricity...
 
from asic, on cpu/gpu mine monero, check my home page, but there for cpu(
 
There are other Crypto currency you can mine, and make profits from them. You mustn't mine Bitcoin to make profit from minning.
 
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