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-   -   Is it worth mining bitcoins from scratch at this point? (https://gfy.com/showthread.php?t=1299390)

Forest 05-27-2018 12:53 AM

Is it worth mining bitcoins from scratch at this point?
 
I have a staff of mainstream guys who could set up and run the system but I’m wondering if it’s cost prohibitive at this point being so late in the game.

just a punk 05-27-2018 12:59 AM

The one-word answer is: NO.

pimpmaster9000 05-27-2018 01:01 AM

at current prices the answer is fuck no...however if btc goes up in the future to say 50K/coin then the answer is yes...

now for the money you would invest in mining you would be better off just buying the coin and sitting on it...

Major (Tom) 05-27-2018 06:01 PM

It depends on how difficult the algorithm is and how much power you are using. It seems the only people making money are the people selling the miners. A miner has maybe 12 months of life before the difficulty goes up and you essentially are left with an electric heater

Bladewire 05-27-2018 06:03 PM

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Idigmygirls 05-27-2018 06:56 PM

Quote:

Originally Posted by Forest (Post 22276941)
I have a staff of mainstream guys who could set up and run the system but I’m wondering if it’s cost prohibitive at this point being so late in the game.

Bitcoin is not worth mining. However, there are some alternate coins that are very very profitable right now - if you have the right software and hardware.

I am well connected in this area. If you'd like to discuss, pm me and I'd be happy to give you some good insight.

ghjghj 05-27-2018 06:58 PM

Quote:

Originally Posted by Forest (Post 22276941)
I have a staff of mainstream guys who could set up and run the system but I’m wondering if it’s cost prohibitive at this point being so late in the game.

Don't listen to these novices.

https://i.imgur.com/3oslWWi.jpg

Now is as good a time as any.

adultchatpay 05-27-2018 09:09 PM

If you think you can compete with the big players.. then go and and proceed.

http://courseminer.com/wp-content/up...ehouse-5_1.jpg

brassmonkey 05-27-2018 10:33 PM

are you forest of forest tgp? i have an idea to cut cost email me if you want the idea. hope i remember lol

freecartoonporn 05-28-2018 10:04 PM

buying at low is
better than
paying for equipment, electricity, cooling, maintenance then hoping to mine some coins.

sexycamgirls 05-28-2018 10:56 PM

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