Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Mining , Is it worth it?
by
JanVanHellsing
on 22/05/2018, 09:43:42 UTC
Hello guys, I have a friend who told me about BITCOIN MINING.

What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume.
I'm not even familiar with it , so I'm probably asking for advice on for those old miners.

Electricity here in PH is so expensive. Do you have some tips and tricks?

Thanks in advance guys !  Wink
If the electricity price is expensive then you will not be as profitable as other businesses. But if you really want to make a lot of money, go to a lot of cheap places to buy.
In addition, the current price of Bitcoin always bring a lot of profit for you. Some people assume that the price of Bitcoin under $ 2k will make you lose. Fortunately, the current price of Bitcoin is $ 8k. Grin

From what I heard, the difficulty level in mining has risen sharply, so you constantly need new assessment at what price one bitcoin is still still profitable to mine