Kittens Posted February 15, 2015 Share Posted February 15, 2015 Is it profitable at all to mine cryptocurrency? I know that bitcoin is extremely difficult to mine and would be near impossible to mine it at all but other cryptocurrencies are extremely easier to mine such as Litecoin, and a few others but I do not now too much about cryptocurrency and want your opinions, I know electricity would be a big cost and makes profiting quite hard but would anyone have any tips on how to profit and stuff? like renting an apartment that includes unlimited utilities or something and etc? Link to comment Share on other sites More sharing options...
Zify Posted February 15, 2015 Share Posted February 15, 2015 (edited) I've heard that you must have very specific cheap setups for it to be worth it. "Iceland and Ukraine price it at $0.04 per Kw, in Iceland you benefit from cold environment too so no cooling costs." Edited February 15, 2015 by Zify Link to comment Share on other sites More sharing options...
Oliver Posted February 15, 2015 Share Posted February 15, 2015 Yes, if you speculate that it will rise a lot in future and you save the mined coins. To be honest I see a simple buy/sell with bitcoints more profitable (high risk though)! Link to comment Share on other sites More sharing options...
Botre Posted February 15, 2015 Share Posted February 15, 2015 I've heard that you must have very specific cheap setups for it to be worth it. "Iceland and Ukraine price it at $0.04 per Kw, in Iceland you benefit from cold environment too so no cooling costs." Link to comment Share on other sites More sharing options...
