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[LHO17]

Is it still worth mining cryptocurrency in February 2021?

 

[Rollerkid]

Is it still worth mining cryptocurrency in February 2021?

I would not suggest you try mining crypto right now, this time things are getting more technical and even some of the mining pools are not having future, just deposit your crypto into a crypto Interest bearing wallet and watch it grow slowly.

 

[Sammy70]

Is it still worth mining cryptocurrency in February 2021?

Yes it is for me. Mining is one of the best ways of earning cryptos but you have to be sure of the company you are investing in

Is it still worth mining cryptocurrency in February 2021?

 

[Makaliki]

Yes, as for me it is worth it.

 

[IsaiahCute]

It depends on the mining site, you must consider some factors like details of the mining site and its legitimacy. etc.

 

[Rollerkid]

It depends on the mining site, you must consider some factors like details of the mining site and its legitimacy. etc.

I don't think checking online mining sites documents are useful because most of them already have fake documents if you depend on that, you will be scammed before you even realize.

 

[achawaskey]

It depends on the demand and supply, if the demand is high there is no problem in mining despite how difficult it is. But right now it looks like the market is favorable.

 

[Rollerkid]

Definitely. XMR (MONERO) has huge potential. Mine now while you can!

I started on a contracts site. There are many trusted mining firms around. Most well known is genesis.
You can also try sites Crypto Place. (Link below)

CLOUD MINING with subscription/contracts available for increased hash rate from as little as $1. FREE $5 to invest for sign up. Tried, tested and been paid. ?

https://cryptoplace.cloud/?ref=anatolccw

Thanks a lot for sharing the site. I would try it out and see how it will work for me. But from your experience l know it wouldn't be a problem for me because you have tested it and got paid as well.

 

[rivakwa]

It is worth it any time,you know why?You cannot stop acquiring wealth,which crypto currency represent.The truth of the matter is that this mining thing are becoming too many that some or most of them are scams

Is it still worth mining cryptocurrency in February 2021?l

 

[BullyMaguire]

Yes but not on bitcoin i guess if you don't have the right equipment and resources.. try monero or doge maybe... Since doge doesn't have a limit

 

[Wisdom01]

Its actually worth it but make sure you mine coins like monero ,doge, xvs , etc since they are more easier to mine than bitcoin and the rest coin i thik

 

[BullyMaguire]

Its actually worth it but make sure you mine coins like monero ,doge, xvs , etc since they are more easier to mine than bitcoin and the rest coin i thik

Yes mining cheap coins is still worth it.. it's easier and there's a chance of growth so your mining earning might get doubled.. not bad

 

[Wisdom01]

Yes mining cheap coins is still worth it.. it's easier and there's a chance of growth so your mining earning might get doubled.. not bad

Yeah i think its same profit with bitcoin mining and i still wonder why a lot of people still go ahead and mine bitcoin despite that i think

 

[BullyMaguire]

Yeah i think its same profit with bitcoin mining and i still wonder why a lot of people still go ahead and mine bitcoin despite that i think

Well if they have a lot of mining rigs it might be very profitable still and they can hodl their mined coins until it reached high price.. it will be worth it then

 

[Wisdom01]

Well if they have a lot of mining rigs it might be very profitable still and they can hodl their mined coins until it reached high price.. it will be worth it then

Yeah but what if the price drops because those smaller coins are more volatile more than bitcoin , but they are more easier to mine i think

 

[microunit]

Crypto mining being worth it really depends on alot of factors, like if the coin you are going to mine is to be expected to rise , or that electricity in your country is not that expensive and also if you have the proper knowledge to properly set up all the equipments and to do maintenance on them

 

[BullyMaguire]

Yeah but what if the price drops because those smaller coins are more volatile more than bitcoin , but they are more easier to mine i think

I think so,, since Dogecoin is relatively easier to mine.. the cheaper the coins is the easier i think.. because there's not much people mining

 

[microunit]

I think so,, since Dogecoin is relatively easier to mine.. the cheaper the coins is the easier i think.. because there's not much people mining

I think the difficulty of mining a coin depends on its system's algorithm and the price has really no say in it, though also true that there aren't that many miners yet in dogecoin though recently many seems to go in mining dogecoin due to its price surge

 

[BullyMaguire]

I think the difficulty of mining a coin depends on its system's algorithm and the price has really no say in it, though also true that there aren't that many miners yet in dogecoin though recently many seems to go in mining dogecoin due to its price surge

Really? Yeah there's a lot of people priotizing Dogecoin mining after the rise of price last month. Though i know someone who mines Dogecoin and he said the more miners the harder it is

 

[Wisdom01]

I think so,, since Dogecoin is relatively easier to mine.. the cheaper the coins is the easier i think.. because there's not much people mining

I think maybe its the level popularity when it comes to mining that makes it less difficult , because there are coins like xvg that you could mine and they are less popular