Why is it worth mining

Why is it worth mining

7 Reasons Bitcoin Mining is NOT Profitable or Worth It (2019)

Jan 29, 2019 While mining is still technically possible for anyone, those with underpowered setups will find more money is spent on electricity than is generated through mining. In other words, mining won’t be profitable at a small scale unless you have access to free or really cheap electriciy.

SmartLearner

Gold Mining 1. Why is it worth mining gold?:: source of economics:: economic value in the jewelry industry as well as in high level electronics:: highly profitable. 2. Where are the locations of the major mining activities in South Africa?:: Witwatersrand:: Gauteng:: Welkom. 3. Discuss each of the following steps: 3.1.deep level underground mining

Yes, Mining is Worth It! : BitcoinMining

Nov 19, 2013 Yes, mining is worth it. In the same way that reading a book is worth it. In the same way that learning to code is worth it. If you are interested in something new, there is no reason not to pursue it. Just don't think you'll get rich from the knowledge you acquire. Knowledge is often its own reward.

Why is gold worth mining ? give some properties and uses

Apr 20, 2008 The only reason that gold is worth mining is for the jewelry trade. Although gold is used in electronic, dentistry, and other industrial processes, copper mining produces enough gold as a byproduct to satisfy the industrial need.

Is Bitcoin Mining Worth It?

Recently, people have been questioning the point of Bitcoin mining. This article will answer the question, is Bitcoin mining worth it? Keyword(s): Is Bitcoin Mining Worth It? Bitcoin has once again surpassed the cost of an ounce of gold. According to this report, one Bitcoin is worth $1,268, while gold's trading value is at $1,235.

Is Bitcoin mining worth it? CoinCentral

Is Bitcoin mining worth it? This is a simple question with a complex answer. There are a few different factors that influence whether or not Bitcoin mining will be worth it for you. Even with the rising Bitcoin price, the set-up fees and electricity costs may outweigh the revenue that you’d earn through mining.

Recovery Of Gold Why Is It Worth Mining? Blurtit

Answer (1 of 1): Gold is a pure element; a type of metal that is incredibly valuable. For this reason, it is worth mining gold. Gold can be sold at a very high price, and will be worth more if it is in a purer form. Mining organizations have the potential to make large profits from discovering and selling gold.Over a century ago, it was not uncommon for countries to seek out new lands that

What is worth mining today? Quora

May 31, 2017 Ether. I suppose, given that you ask what to mine and not whether you should mine or not, that you already have some knowledge and stuff. Also, your question is about today. That’s why I go for Ether. Let me elaborate. I have been mining ETH for q...

A Beginner's Guide to Cryptocoin Mining: What You Need to

As a second income, no, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000-$5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.

Is Zcash mining profitable? Invest it in

Oct 06, 2017 What are risks of buying the Zcash mining contract? In order to understand if Zcash mining is profitable, one needs to consider the risks. Genesis mining Risks. This company can fail. However, genesis mining has been executing successful mining contracts for many years.Genesis mining is the only mining company I trust when it comes to cloud mining.

Why is gold worth mining Answers

Why is gold worth mining? Unanswered Questions. Is loamy soil made up of sand and gravel? How does oil fill from the ships affect marine ecology? What are good video games that should be played?

Why is it worth mining iron Answers

Why is it worth mining iron? Because it gives very fast exp and easy to mine It may only be 35 exp per but it mines fast and the best place to mine ore is in rimmington.

5 Reasons Why You Can't Live Without Mining

Apr 23, 2014 Here are five reasons why you can’t live without mining 1. You. You want to be healthy and look your best. Did you know that the majority of beauty products contain minerals like iron, talc

What you need to know about cryptocurrency mining PC Gamer

Even my advice earlier this year now rings hollow: if you started mining with $10,000 worth of PC hardware in June, you might have a couple BTC or 30+ ETH by

why is it worth mining gold in south africa-[mining plant]

Why is it worth mining iron The Q&A wiki. Why does capital gold mining res release no news? Answer it! Why is iron worth mining? Iron is worth mining because of the high returns promised to us The Mining Africa Summit 2012. Tendele Coal Mine Felix Manyanga Mine Manager South Africa...

Is it worth Mining? : Monero reddit

Now they're $300+, even for used. I recommend mining, of course, cuz I benefit from a stronger network, but it's up to you. If you think monero will largely stay obscure for a year or two more it's definitely worth mining. If you think we're on the verge of giant mall sized buildings filled with gpus mining monero, it's probably best just to buy.

Is mining Monero worth it? Quora

Hi, Mining Monero is easier than most and you have a low cost of entry. Monero, in my opinion depending on your maching and mining equipment you can make more money in the long run that produce tokens faster. Here is a rough estimate, and with the...

Is it worth mining Litecoins? Bitcoin Stack Exchange

Is it worth mining Litecoins and then exchange them for Bitcoins (because I am not sure if there will be space for more crypto currencies in the future)? I can get about 25k hash/sec by CPU mining on my laptop, so this turns in something about 0.1 LTC per day which is

Is Bitcoin Mining Profitable?

Jan 24, 2019 By 2019, cryptocurrency mining has become a little more complicated and involved. With bitcoin, the reward is halved every four years. On top of that, serious miners have built huge arrays to mine, making it harder for smaller miners to compete. You can join a bitcoin mining pool to be more effective, but that comes with a fee, reducing your

Why are bitcoins worth anything? Quora

Oct 03, 2017 There are 3 main factors that mean something has “worth” measured in this case by how much fiat currency (e.g. USD) you can buy or sell it for. 1. Limited Supply 2. Creation or production cost 3. Acceptance in your domicile For example, using gold...

Mining industry of South Africa Wikipedia

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.

ZCASH Mining is it worth ? — Steemit

As recently, slushpool added Zcash to the mining pool, I'm using this pool and a mining RIG with 6x 4GB XFX GPU's. The profits for individual mininig may not be huge, but for stockpiling them for the future it is worth. One aspect here is that as Zcash came out it was 4300$ 29.

What is Bitcoin Mining and is it Still Profitable in 2019

For reference, mining was demonstrated in theory on a 55-year-old computer some time ago by IBM—and the result was of course, that it’s not worth it. Web mining: Sites that “mine through you” Somewhere around 2017, the concept of web mining came to life.

Is Altcoin Mining Worth it? » The Merkle Hash

Is Altcoin Mining Worth it? Mark January 18, 2017 Education, FAQ. Cryptocurrency mining is a novel topic which interests almost anybody who first hears about it.

Mining industry of South Africa Wikipedia

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.

ZCASH Mining is it worth ? — Steemit

As recently, slushpool added Zcash to the mining pool, I'm using this pool and a mining RIG with 6x 4GB XFX GPU's. The profits for individual mininig may not be huge, but for stockpiling them for the future it is worth. One aspect here is that as Zcash came out it was 4300$ 29.

What is Bitcoin Mining and is it Still Profitable in 2019

For reference, mining was demonstrated in theory on a 55-year-old computer some time ago by IBM—and the result was of course, that it’s not worth it. Web mining: Sites that “mine through you” Somewhere around 2017, the concept of web mining came to life.

Is Altcoin Mining Worth it? » The Merkle Hash

Is Altcoin Mining Worth it? Mark January 18, 2017 Education, FAQ. Cryptocurrency mining is a novel topic which interests almost anybody who first hears about it.

Is a cloud mining subscription worth it? Bitcoin Stack

However, if the price of BTC does rise significantly you can make a profit doing cloud mining. You are better off using the $150 to buy $150 worth of btc and holding that vs mining it via the cloud. You would instantly get the BTC to USD value vs waiting. My advice if you want to get into mining as a "hobby" just get a usb miner you can find on

It Is No Longer Worth It To Build An Ethereum Mining Rig

Dec 07, 2017 The answer to this question is no. Building an Ethereum mining rig hasn’t been worth it for months and a few months from now, mining ether will be completely obsolete.

Not worth mining bitcoin if you do it as a hobby, Tech

Dec 15, 2017 Not worth mining bitcoin if you do it as a hobby. The bitcoin system is set up such that more bitcoins can be unlocked and released into the world a process known as mining.

Genesis Mining Review It's NOT Profitable in 2019

Genesis Mining is probably the oldest surviving cloud mining company around. In this post, I’ll review the company and its services, and find out if it’s actually worth investing with it. Genesis Mining Review Summary. Genesis Mining allows users to participate in cryptocurrency mining without the hassle of buying mining equipment and

Is it worth mining Ethereum in 2018? How much can you make

Jun 09, 2019 When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency Ethereum has increased by 10 times. Therefore, you might think that it would be worth mining.

Is GPU mining worth it in August 2018|Ethereum, zcash

Aug 02, 2018 Is GPU mining worth it in August 2018|Ethereum, zcash, monero mining analysis of gpu mining Bittruth-bitcoin, cryptocurrency, mining, and news.

IS GPU MINING STILL PROFITABLE? Mining Adventure Part 1

Nov 12, 2017 Graphics card stock has long been tapped out due to cryptocurrency miners, but does what they're doing make any sense? Let's find out. Sign up for Crunchyrol...

UCSB Science Line

Now work, a person's time is of some value so if a lot of work goes into mining or harvesting different elements this adds to the value of these elements as well. Answer 3: This answer is going to involve both some chemistry and some economics, so get ready! The key here is rarity --

Mining and minerals in South Africa

Aug 16, 2012 South Africa is a world leader in mining. The country is famous for its abundance of mineral resources, accounting for a significant proportion of world production and reserves, and South African mining companies are key players in the global industry. Kumba Iron Ore’s massive operations in the Northern Cape include Sishen Mine and Kolomela Mine.

What is Bitcoin Mining and How Does it Work? (2019 Updated)

8) Mining Powers Bitcoin’s Tokenized Assets, Secondary Layers and Merge-Mined Coins. Mining Bitcoin isn’t just mining Bitcoin! If the mining process is the powerful engine driving Bitcoin, then it’s certainly a unique engine in that it loses no efficiency for driving additional processes.