Author Topic: After All These Years Should You Still Mine A Bitcoin?  (Read 167 times)

usman

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After All These Years Should You Still Mine A Bitcoin?
« on: February 19, 2018, 01:16:56 pm »
                   You will receive many different answers on this question. Some would encourage you to do it while others will tell you that the time to mine Bitcoins has passed. However I think that it is impossible to answer the question with 100% accuracy.
                   Firstly, The price of Bitcoin is unpredictable. In the last 8 years, the price of Bitcoin has seen various ups and downs. From less than a cent, it has gone to $19000 and then back to $10,000. It may increase 10 times more and create profitability and rewards for you while it is also possible that it may also decrease causing you losses.
                 Secondly, you can’t predict the new miners or rate of miners that will be joining each year. Since the amount of miners decide the rewards in Bitcoin mining, hence you can’t exactly predict your rewards.