Quote from: adroitful_one on November 01, 2019, 04:12:52 PM

Quote from: topbitcoin on November 01, 2019, 04:40:44 AM

Quote from: Kvalentine on October 27, 2019, 11:12:45 AM

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

A lot of people in my community already tired with mining because in here cost to do mining is higher than reward that they get. I think mining is something that is all about cost. If you think it is profitable, then do it because it is worth to do.

You not only have to factor in electricity costs which would put me into the negative already, but also the cost of equipment, and the time you have to put in for maintenance to keep it all running smoothly. It's just not worth it right now in my opinion. Maybe sometime during the next bull run it will be worthwhile, but with the cost of electricity and the rate at which the hardware is becoming obsolete, mining is just not worth the time right now.

True, there are a lot of things must be aware before we do mining. Especially the equipment, when people think mining coin is a way to earn money easily, some GPU price increased very much. And that thing is really affect on how much people must spend to make full mining equipment set. And now when mining not really booming again, they lose money when they want to sell that equipment.