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Thread: Nowadays bitcoin mining is not that profitable for end users

  1. #1 Collapse post

  2. InstaForex
  3. #2 Collapse post
    I'm not really sure about that. I still believe that Bitcoin will continue to grow. We just have to wait.

  4. #3 Collapse post
    Yeah, I also won't advise mining anymore. You might spend more than you would earn simply because of the mining expenses. For me, trading is the best route especially for beginners.

  5. #4 Collapse post
    I will not advice anyone to into bitcoin .Your total earnings will be less than the amount invested most especially if you invest small. This because when price of bitcoin dropped, they will tell you,your daily earnings are lower than the maintenance fee so you will not receive anything as your daily earnings. Meanwhile contract time is not affected.

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  7. #5 Collapse post
    I tried mining bitcoin when I entered the market but it wasn't profitable because I did not have enough resources. That is why I just decided to trade the coin instead.

  8. #6 Collapse post
    Mining companies should stop dubious means of cheating its customers. No one goes into trading with the mind of loosing money. If price falls was are all affected but if it goes up again it's not seen like that.

  9. #7 Collapse post
    People should be encouraged to trade bitcoin rather to mine bitcoin. This will make more people come into crypto world because they will see profit.

  10. #8 Collapse post
    i don't think mining will ever rise again
    or maybe i'm wrong who knows

  11. #9 Collapse post
    Miners always depends on rise in bitcoin price. If you are not sure bitcoin price will go up then do not venture into mining.

  12. #10 Collapse post
    Please, trade bitcoin for now,bitcoin miners are in for profit. If price goes down,they will do everything within their capacity to stop your earnings.sometimes, the website is shut down or delay payments waiting for bitcoin price to go up again, a whole lot of excuses.

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