Quote from: glowing10 on January 04, 2018, 06:51:21 AM

Quote from: rhamzter on January 01, 2018, 10:23:42 PM

Quote from: richardsNY on January 01, 2018, 01:03:44 AM

Quote from: WitKohler on December 31, 2017, 04:43:08 PM

bitcoin mining is good and can make some profits from it and No for newbie.

Bitcoin mining isn't profitable either for the far majority of the people, so it's pointless even mentioning that. The only entities managing to make actual profit are those with hundreds of thousands worth of equipment at minimum, and even they need to invest in more gear from time to time. If you don't upgrade your gear, the increasing difficulty will make sure there is no point in keeping your operations running any longer. People for once should understand to put mining aside completely, because it doesn't bring you anywhere -- the far majority of the people regret having invested into anything that's mining related, so why continue to go through all this?

Actually mining is a time consuming and they need high amount of investment. Because this projects are needed a lot like tools, electricity and others. Maybe mining was depending to the capacity of the users together with the location.

Location will play a vital role because its possible that electricity would be very cheap at that place and on other hand many countries have the high cost thus this difference would kill your profits as the level of difficulty will keep increasing to mine any of the coins. So people avoid nowdays mining instead look to invest directly.

Bitcoin mining becoming expensive, consuming high level energy could enter bitcoin into dark age. Being avoided by miners is a threat to bitcoin's future. One of the report says that bitcoin mining will consume more power than the whole world by 2020. If it is true then Bitcoin will face a lot of new problems than it have today.

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