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Is Bitcoin mining dead?

by Mike Alfred
9 replies
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-What's the best rig to use?

- How much bitcoin can I expect to mine?

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  • Profile picture of the author SneakerFreaker
    GPU or Video Card is the actual miner in crypto mining, it is the most essential part of your rig. More GPU's or higher GPU's the better ex. NVIDIA GTX 1080 or AMD RX470

    Risers is where the GPU's are attached for connection onto the motherboard and also used for better placement or positioning. Lastly, power supply and cooling system.
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  • Profile picture of the author babablack12
    hlo
    Hi, when I got into bitcoins, people around me already told me mining is dead.
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    • Profile picture of the author Mike Alfred
      Originally Posted by babablack12 View Post

      hlo
      Hi, when I got into bitcoins, people around me already told me mining is dead.
      ASICs or GPU mining rig? GPUs can be easily upgraded but ASICs are much more efficient. I have read a lot of articles claiming that ASICs is too small and doesn't last long.
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  • Profile picture of the author Marcus W K Wong
    It's not dead, but it's difficult to be profitable if you're mining just bitcoin.

    I'd look at some altcoins like Ethereum, NEO, Litecoin etc...
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  • Profile picture of the author doorji
    No, Bitcoin mining is not dead but need asic machines and all are out of stock now. And the miners are too much expensive to buy.
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  • Profile picture of the author hardraysnight
    big difference between reading about mining and actually mining
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  • Profile picture of the author DWolfe
    The electric company's are happy when you mine bitcoin. The older bitcoin miners are not profitable. Plus if you live in the US a small solo operation is not going to compete with the large mining farms overseas.

    You can mine for medical & science research and benefit society. You're not wasting electricity hashing but helping humanity. .
    @ doorJi you can find used asic machines on ebay they are not out of stock.
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  • Profile picture of the author JasonTheFreeman
    Thanks to this post. I've started reading about bitcoins and cryptocurrencies. Wow! my mind was blown.

    As per your question, people are using ASICs now to mine.
    Others say it's not worth mining bitcoins using GPU because either you get dust or nothing.
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