Is it worthwhile to engage in mining?

[Aya]

It would be worthwhile if you have enough budget for the resources. Although, joining a mining pool is still fine.

[Newbie_trader]

You can have good returns once you hold your positions for a long time.

[Sendo12]

The crypto mining is absolutely worthy if you have the resources and extra money to start your investment.

That's true. Your share of the rewards depends on your contribution in the mining pool. So the better your resources, the better rewards you can get.

[Mr. Cid]

I think most people say "no", but sometimes you just gotta go with what you really want to do.

Yeah, because they're afraid to invest in Bitcoin due negative feedback found on the Internet.

[Newbie_trader]

Crypto mining is a bit complicated nowadays, where the rewards is divided every for years. Aside from that, it is very difficult for the smaller miners to compete because big time miners built huge arrays to mine.

[Mr. Cid]

My brother was engaged in the production of crypto-currency and for a year he did not get anything because the project was closed. There are a lot of scammers, and it takes a long time to get a crypto currency. To get it you need to have a powerful computer and register on different sites, so that the extraction comes from many sources and then success is possible.

We should not be discouraged from someone unpleasant experiences. Probably, your brother didn't do any research about his broker. He should have sought advise from the others. Yeah, scammers are everywhere, but if he's careful, he would not lose his funds for nothing!

[darexgeorgieviya04]

My brother was engaged in the production of crypto-currency and for a year he did not get anything because the project was closed. There are a lot of scammers, and it takes a long time to get a crypto currency. To get it you need to have a powerful computer and register on different sites, so that the extraction comes from many sources and then success is possible.

[darexgeorgieviya04]

Perhaps this is the most important issue, which is difficult to answer on this particular day, at least. Everything depends on several circumstances that are constantly changing without our participation. These are the circumstances:

1. What is the course of bitcoins at the moment. If its rate drops dramatically, it means a potential yield, too. And this means that it will be unprofitable to engage in mining, but the course is not stable and at any moment everything can quickly change in the opposite direction. Therefore, if bitcoin costs $ 500, then mining may not be profitable, but if it costs $ 650, then it is already profitable.

2. What is the complexity of production at the moment. After all, the more participants and bitcoins in the network, the harder it is to get each new unit. In general, in the future, the production of bitcoins becomes more difficult even without new entrants.

[AbdulShiek]

I think most people say "no", but sometimes you just gotta go with what you really want to do.

[sashavich04]

Yep mine some small coins use the profits from those to trade higher profit coins. Make more money