athena2007 Posted October 14, 2018 #1 Posted October 14, 2018 If you are mining from the luxury of your home it looks like you will be losing money as electricity and hardware are more expensive and everyone is getting pushed out by institutes that are on a bigger scale with cheaper electricity and so on. Gone are the days that you would get free BTC so easily according to data from Diar, a blockchain and data analytics firm who have surveyed this .. Are you making money from your mining please let us know ?? Source :https://www.marketwatch.com/story/if-youre-mining-bitcoin-from-home-youre-now-losing-money-2018-10-12
williamshennie9 Posted October 14, 2018 #2 Posted October 14, 2018 I've never mined at home before, because the electricity cost is more than the potential profit I can make by mining. Also, that is excluding the cost of purchasing the mining equipment.
irawk0 Posted October 14, 2018 #3 Posted October 14, 2018 I was thinking of mining at home then looked at the cost of equiptment, and I was like NTY I'd rather use that money to buy a car or something lmao. I'll leave the mining to places with cheap labor and electricity.
Etude Posted October 14, 2018 #4 Posted October 14, 2018 I have heard and also logically Bitcoin mining rigs consumes way too much in term of electricity to be profitable for the masses who tries to jump into Bitcoin mining this late of a stage in the game. Most likely the electricity bill alone would be an extreme shocking amount in order to run the Bitcoin mining rig(s) effectively.
Rantly Posted October 14, 2018 #5 Posted October 14, 2018 I Tried mining once made 2 cents in 1 day, so yeah ... never mined since then
athena2007 Posted October 14, 2018 Author #6 Posted October 14, 2018 8 minutes ago, Rantly said: I Tried mining once made 2 cents in 1 day, so yeah ... never mined since then oh no well dont 4get to share your wealth ..lol..
Rantly Posted October 14, 2018 #7 Posted October 14, 2018 Just now, athena2007 said: oh no well dont 4get to share your wealth ..lol.. haha
blueprints Posted October 14, 2018 #8 Posted October 14, 2018 There are some places that have cheap or even free electricity. I think it would be profitable for these guys no matter what.
ceastem Posted October 14, 2018 #9 Posted October 14, 2018 It can be profitable these days cause i heard they are running it in solar power somewhere in our country. But other than that not anymore. Also the rate of return of investment is quite long especially if you only own one or two mining rigs. So yeah it is definitely not profitable at home now. It would have been profitable if you know that it will not devaluate over the years but its price is almost close to unpredictable which might cause you to never see the return for your investment in the coin. But who knows, every investment in themselves has their own risks.
77kdub Posted October 14, 2018 #10 Posted October 14, 2018 I wish I would have started mining a few years back but it's to late now I missed the bus again.
williamshennie9 Posted October 14, 2018 #11 Posted October 14, 2018 5 hours ago, Rantly said: I Tried mining once made 2 cents in 1 day, so yeah ... never mined since then Yeah, it's really not worth it unless you get free electricity and you have super powerful mining rigs.
ScooterPi Posted October 14, 2018 #12 Posted October 14, 2018 There's always one other option guys..... We could all set up our own commune on a mountain somewhere... with turbines for electricity, and mining rigs... except that then we would be an entire commune of gamblers. trying to live off of mined crypto. which seems kinda doomed. so yeah.....no mining for us.
Kate Posted October 14, 2018 #13 Posted October 14, 2018 Well mining from btc in home is always non profitable you dont get a good hashrate
DeadCoin Posted October 14, 2018 #14 Posted October 14, 2018 My bro tried. Important now is WHERE to mine and with WHAT farm.
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