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Old 2nd September 2017
tipto tipto is offline
 
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Talking Bitcoin Mining

hi,

Is it worth mining bitcoin? Anyone with practical experience and has made money??

Please share cost-benefit analysis..

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Old 2nd September 2017
bangali_babu bangali_babu is offline
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If you are thinking from an investment perspective, then you've already missed the train a long back.

If you need them for anonymous transactions, then yes, they are a good option.

For mining, you need to invest a lot of money in hardware as the coins are harder to mine these days. And also the fact that Chinese have got huge mining warehouses, further reduces the chances and increases the cost-effectiveness for singular miners (like you).

You can still make tiny amount of money if you buy coins from the market. But that sheen of the yore has lost now.

Last edited by bangali_babu : 2nd September 2017 at 02:45 PM. Reason: typo

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Old 2nd September 2017
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Forget Bitcoin.

Go with Litecoin and ETC. First priority would be LTC.

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Old 2nd September 2017
sahil3x1 sahil3x1 is offline
 
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as i exp. miner i suggested you mine monoro and other altrcoins

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Old 3rd September 2017
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It's Monero(XMR)

looks good but I'm betting on LTC

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Old 3rd September 2017
tipto tipto is offline
 
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thanks you so much for your replies.

Is minergate a scam?? Do they eat up some resource?

I read that Monero is based on CRYPTONOTE different from Bitcoin Blockchain. But is it really gaining market share as technology?

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Old 13th October 2017
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Religious, politically biased and inflammatory posts are a strict NO on Xossip. Please restrain from doing so, and for more information, Please see THIS

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Last edited by illegal : 13th October 2017 at 10:15 PM.

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