Kakashi2020 Posted December 30, 2018 Share Posted December 30, 2018 Mining is dead for Bitcoin, but how about the other coins? Is it still profitable to mine other coins? Quote Link to comment https://slingbank.com/forums/topic/2030-crypto-mining-does-it-have-a-future/ Share on other sites More sharing options...
axl2468 Posted December 30, 2018 Share Posted December 30, 2018 Mining is still going alive and strong, but it's not as widespread as it was a long time ago as more and more inexperienced miners (who jumped in the Bitcoin bandwagon) sold their GPUs (good riddance, I couldn't even get a decent one for a hundred dollars). I think it will still remain alive in the near future, but as they all say: cryptocurrencies are unpredictable. Quote Link to comment https://slingbank.com/forums/topic/2030-crypto-mining-does-it-have-a-future/#findComment-3688 Share on other sites More sharing options...
Rathiel Posted December 30, 2018 Share Posted December 30, 2018 I don't think mining's going to be as big as it had been during the bitcoin boom, anymore. People are wary and after the steep crashes in value, it's just not profitable to mine anymore. Given the price of electricity and the gear needed for more stable operations, no one who isn't highly optimistic about the price of crypto is going to take the leap after so many people got burned. Quote Link to comment https://slingbank.com/forums/topic/2030-crypto-mining-does-it-have-a-future/#findComment-3718 Share on other sites More sharing options...
Alania Posted January 30, 2019 Share Posted January 30, 2019 It's a way too expensive effort, let's be honest. You first gotta have multiple processors and a PC to sustain it, then pay for the huge bills. Eventually hope for the BTC to rise, because if not, you have wasted a lot of money. Quote Link to comment https://slingbank.com/forums/topic/2030-crypto-mining-does-it-have-a-future/#findComment-4102 Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.