[tipto]

hi,

Is it worth mining bitcoin? Anyone with practical experience and has made money??

Please share cost-benefit analysis..

[bangali_babu]

If you are thinking from an investment perspective, then you've already missed the train a long back.

If you need them for anonymous transactions, then yes, they are a good option.

For mining, you need to invest a lot of money in hardware as the coins are harder to mine these days. And also the fact that Chinese have got huge mining warehouses, further reduces the chances and increases the cost-effectiveness for singular miners (like you).

You can still make tiny amount of money if you buy coins from the market. But that sheen of the yore has lost now.

[ineedanswers]

Forget Bitcoin.

Go with Litecoin and ETC. First priority would be LTC.

[sahil3x1]

as i exp. miner i suggested you mine monoro and other altrcoins

[ineedanswers]

It's Monero(XMR)

looks good but I'm betting on LTC

[tipto]

thanks you so much for your replies.

Is minergate a scam?? Do they eat up some resource?

I read that Monero is based on CRYPTONOTE different from Bitcoin Blockchain. But is it really gaining market share as technology?

[bladeinc]

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