Forex Bitcoin Forum

Bitcoin Forex Forum

  • Forex Games
  • Forum
  • Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
      Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
    Results 1 to 8 of 8

    Thread: I have tried everything, but the energy consumption is way too much

    1. #8 Collapse post
      Sendo12 is offline
      Senior Member Sendo12's Avatar
      Join Date
      Sep 2018
      Posts
      906
      Thanks
      43
      Thanked 81 Times in 81 Posts
      SubscribeSubscribe
      0
      Quote Originally Posted by Aya View Post
      That project is interesting! I'd like to give it a try as well if it pushes through. At the time being, it really is costly to mine crypto coins so projects like this one could make it easier for us.
      This could really be a huge help. Bitcoin mining is definitely costly and has high energy consumption so this project seems to be promising.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    2. #7 Collapse post
      Aya is offline
      Senior Member Aya's Avatar
      Join Date
      Sep 2018
      Posts
      931
      Thanks
      32
      Thanked 83 Times in 84 Posts
      SubscribeSubscribe
      0
      Quote Originally Posted by PALM View Post
      For some time now, I have been looking to increase my bitcoin mining profits. I mean how do you mine to make sure that your input cost is the lowest and the profits are maximum? I have tried everything, but the energy consumption is way too much.

      There is this new project called Pieta Ecosystem which is using solar energy for crypto mining. I have read the project whitepaper and talked to the team as well, and it looks promising the way these guys are going about it. They are soon planning to launch the first version of the mining platform for btc and eth. I would very much like to try it. What about you?
      That project is interesting! I'd like to give it a try as well if it pushes through. At the time being, it really is costly to mine crypto coins so projects like this one could make it easier for us.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    3. #6 Collapse post
      Trader_Rob is offline
      Senior Member Trader_Rob's Avatar
      Join Date
      Oct 2018
      Posts
      703
      Thanks
      60
      Thanked 66 Times in 56 Posts
      SubscribeSubscribe
      1
      I really believe that Bitcoin mining is only profitable for investors with huge investment. Mining really costs a lot thus if you are simply joining a pool, it won't seem to be as profitable. I will still prefer trading.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    4. #5 Collapse post
      darexgeorgieviya04 is offline
      Senior Member darexgeorgieviya04's Avatar
      Join Date
      Feb 2018
      Posts
      625
      Thanks
      0
      Thanked 15 Times in 16 Posts
      SubscribeSubscribe
      0
      There are several factors that determine whether bitcoin mining is still a profitable venture. These include the cost of the electricity to power the computer system (cost of electricity), the availability and price of the computer system, and the difficulty in providing the services. Difficulty is measured in the hashes per second of the Bitcoin validation transaction

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    5. #4 Collapse post
      Newbie_trader is offline
      Senior Member Newbie_trader's Avatar
      Join Date
      Nov 2017
      Posts
      1,496
      Thanks
      4
      Thanked 157 Times in 127 Posts
      SubscribeSubscribe
      2
      Crypto mining is highly dependent on electricity. There's no way you can control its electricity consumption. You could transfer to another location where the energy cost is cheap.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    6. #3 Collapse post
      sashavich04 is offline
      Senior Member sashavich04's Avatar
      Join Date
      Jan 2018
      Posts
      601
      Thanks
      0
      Thanked 26 Times in 21 Posts
      SubscribeSubscribe
      0
      For mining you either need very cheap electricity or economic scale to make things efficient. If you don't have either it's usually not worth the time/effort or may actually cost you money.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    7. #2 Collapse post
      Mr. Cid is offline
      Senior Member Mr. Cid's Avatar
      Join Date
      Dec 2017
      Posts
      2,032
      Thanks
      7
      Thanked 175 Times in 148 Posts
      SubscribeSubscribe
      2
      Bitcoin mining is really expensive at this point. Your electricity consumption would increase and you have to do some maintenance stuff to make profits.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    8. #1 Collapse post
      PALM is offline
      Senior Member PALM's Avatar
      Join Date
      Jul 2018
      Posts
      500
      Thanks
      0
      Thanked 26 Times in 18 Posts
      SubscribeSubscribe
      0

      I have tried everything, but the energy consumption is way too much

      For some time now, I have been looking to increase my bitcoin mining profits. I mean how do you mine to make sure that your input cost is the lowest and the profits are maximum? I have tried everything, but the energy consumption is way too much.

      There is this new project called Pieta Ecosystem which is using solar energy for crypto mining. I have read the project whitepaper and talked to the team as well, and it looks promising the way these guys are going about it. They are soon planning to launch the first version of the mining platform for btc and eth. I would very much like to try it. What about you?

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •