mining bitcoins litecoins

karim09

Newbie
Joined
Jun 23, 2015
Messages
5
Reaction score
0
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 ?
 
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.
 
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.
 
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
 
Nice information shared in the comment, I found it very useful.Thanks for sharing.
 
I think litecoins will grow in the future. but I don't know how to mine litecoins, anyone helps me ?
 
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
 
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.
 
it was profitable a year ago, but not anymore if you are paying for electricity (as we all do :)
 
Back
Top