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mining bitcoins litecoins

Discussion in 'CryptoCurrency' started by karim09, Jun 23, 2015.

  1. karim09

    karim09 Newbie

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    in my country i pay 0.03 dollar cent per kilowatt do you think that if i make investissement on mining (bitecoin or litecoin) it will benefit for me ?
     
  2. devnetbox

    devnetbox Newbie

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    Unless you have a ton of miners someone gave to you as a gift, you'll only be losing money.
    1TH/s miner for bitcoin will only earn about $2.5 a day. You're better off trading.
     
  3. Shadexpwn

    Shadexpwn Jr. VIP Jr. VIP

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    Mining isn't too profitable unless you attempt on holding its value after you gather a majority amounts of coin to sell or utilize when prices start inflating after becoming even more wildly adopted.

    If you try and sell too early on it would most likely lose money.

    For example when pot coins gets inside marijuana dispensaries it would boom to unforeseen price as a means of eliminating federal persecution of monies and a very tender profit stream.
     
  4. eXampL

    eXampL Power Member

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    There are many other things to take into consideration when mining not just the cost per KW. In my opinion it's not worth it anymore
     
  5. BalderCocks

    BalderCocks Newbie

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    Nice information shared in the comment, I found it very useful.Thanks for sharing.
     
  6. hustleup

    hustleup Regular Member

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    you missed that mining train
     
  7. GoTRooT

    GoTRooT Power Member

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    Avoid avoid avoid!

    Way too late.
     
  8. bretonel

    bretonel Junior Member

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    bitcoins is see he's too late, but also for litecoin?
     
  9. goodperson

    goodperson Elite Member

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    I think litecoins will grow in the future. but I don't know how to mine litecoins, anyone helps me ?
     
  10. GrahamCrackers

    GrahamCrackers BANNED BANNED

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    I think this was beginner's whatever but I received 100 and cashed out 12:36 pm at 155 dollars. It was crazy. I felt like I just played blackjack
     
  11. platin

    platin Junior Member

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    Mining is really risky. If you buy Asic Miner that will shipped to you it takes month till you can use them.
    That means the difficulty factor rise and you loose money because you can't mine. When you can use the miner it is already to late.
    Cloud Mining is a possibility.
     
  12. proxygem

    proxygem Newbie

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    it was profitable a year ago, but not anymore if you are paying for electricity (as we all do :)