Is Bitcoin Mining Worth It?

http://2v2u.com/mintage – Is bitcoin mining worth it?

Get $10 worth of Bitcoin free at Coinbase for new accounts – http://2v2u.com/coinbase

Is it worth mining bitcoin? Is it a huge CPU hog?…and is it more complicated than one needs to know?

No need to worry about Identity theft mining coins, the only issue you might run into is running an infected version of GUIMiner or any mining software. Make sure to get them from a reliable source much like any other software you would download and run.

Mining any coin using only your CPU is a waste of your time and computer resources. You will not get any decent return mining with 1,2,4,8,12 and so on CPUs, they just can’t compete with a single decent ATI GPU or Asic miners.

Is it profitable to mine Bitcoin? The simple answer is NO. You need an ASIC miner (dedicated SHA256 hardware) to make any decent income. I recommend starting with a cloud mining company with mining contracts where you can scale. A 7950 machine will mine about $5-8 per day. You’ll pay off your investment in about a few months. However, if the price of the coin goes up allot, you can pay it off and profit much quicker.

Bitcoin Mining Worth It

Watch video on YouTube: https://youtu.be/smyvjKXtKJM

via Melvin’s Channel