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Mining MONERO is a worthless endeavor as of a few weeks ago...the difficulty level has skyrocketed from 17516000000 to --->  27516000000...it has practically doubled in just a few days!!    Meaning, it will take you much longer to find a block and you will get paid less when you do :(!!!!

You are mining for crumbs....

My cpu will mine it until it dies. Its sitting there using electricty anyway so may aswell use it.

Monero has a particularity : it is GPU mining and CPU mining copatible.
It's difficulty has ever been very high, probably because a lot of employees all around the world are mining it 24/7 with their office computer.
In the lasts days, Monero price has growing high and a lot of new miners are coming : normal.

You can always switch to another Altcoin though, if one turns out unprofitable, find some less-known coin that seems just a tad promising, UBIQ, ZenCash and many others out there. Had tried Monero with my hardware and Minergate, wasn't making much. The minergate miner could be at fault though, didn't try another one.

Agreed ZenFr, I'm not saying it's not normal or expected this happened...what I am saying is: the result of this happening has made Monero mining completely worthless...as of ~ August 2017....MONERO MINING IS NOT WORTH IT AT ALL  :(

100% agreed Ultegra134, no point in mining Monero anymore...

I did not know it was so bad. Difficulty is grown but price is also. Is it still unprofitable?

Its profil is above most of other coins in below link. Is this wrong?
https://www.coinwarz.com/cryptocurrency

maybe for those who loves to earn a lot or to have more monero inside their pockets and they forgetting something that miners will ride when they see
price jumped up and difficulty will increase so I think its a risk to take for those who wants to continue mining monero.

Not too much forward thinking in this thread.  You aren't mining for the price of Monero now, you are mining for the price of Monero later.  Mine, Hold, repeat.  Long-term hold.

 

That's exactly what I mean xxcsu, to mine Monero TODAY is worthless compared to a year ago....or even a month ago.....

That is fishbowl thinking  ;)  ....there's a ton of coins out there that are will rise just as much, if not more than Monero, and their difficulty level is but a fraction....   Anyone sticking with Monero versus an up and coming coin is only doing a great service to the Monero community by sacrificing their GPUs  ;D for the crumbs that fall off the table.....when you could be eating steak with a newer coin  ;)

Totally agree carlisle1, it's indeed time to ride away from this Monero GPU power black hole.....which gives -practically- nothing in return.....

So what would be such a coin? I think it's not a valid argument to say even if you're losing money now because of electricity and low price of the coin because it's going 10x.
If you want to use that strategy you could just buy the coin instead of mining it, right?

Where's the big difference when both price and difficulty increase?

HI blucg, yup, agree with you totally...it would be better to buy coins at some point rather than mine them....don't know if Monero just hit that point, but from the mining point of view....not worth it....there are so many coins out there that give you a much better mid and long term mining return....

whatever hardware you have now, you just saw the MOST you would ever make with Monero last month...this degree of difficulty is not for 3 - 5 (full) running 580 rigs for example....that would be a drop in the ocean with Monero's difficulty level and amount of miners right now....

I really liked this coin....but....when they grow up..... ;)

If they both increase by the same amount, nothing...but this was not the case with Monero....with the initial pop, it favored your point, but now the value dropped, and the difficulty keeps on getting higher...

there's a lots of coins out there or we can simply go back with eth and give ourselves a try maybe its much worthy than monero or some other coins
that will bring much  better results, this forum have a lots of information so better to maximize and learn from the pro.

ETH as such dunno, but an ETH-like coin could be an option

True,if you found out that it is not profitable anymore on mining Monero then switch into other coin since there are lots of selections out there to be mined.Its not surprising for sudden mining difficulty jump considering that there are lots of people who do mine monero and also this thing isnt just happening on monero alone but most all altcoins in the market which is mineable either on cpu or gpu.

Looking at other coins right now.....check this out.....

Monero's diffculty level in June was at ~ 8,572,784,898, we already hit ~ 29,622,754,812 !!!!!.....the difficulty level has gone up 3 times over this summer alone!!.....(rendering most rigs practically useless unless you get free electricity) Meaning, it's gone 3 times higher in the last months than it ever had since the first monero coin was mined years ago....it's craaaaaaazy :D ......

I'm very happy for the Monero team though, congrats guys!!  You've made a great coin and now you can simply enjoy the fruits of your labor!!! :) :) :) :)........(......and not mess up with the forks  ;D)

i like monero much, i´m still mining it with CPUs and GPUs with about 9KH/s its about 0.2 per day
i think its most money i can mine at the moment

What are you all talking about? Looking at Whattomine XMR still 2nd most profitable coin to mine for you AMD owner and more profitable then ETH. As for NV owner XMR  is a big no no. But a lil decrease in XMR price (which is probable) and that might get worst like you all said, but we`re not there yet.

I read the news today, and it's reported that hackers installed mining malware to mine monero, zcash, etc.

news source: https://cointelegraph.com/news/russian-hackers-used-9000-computers-to-mine-monero-zcash-other-cryptocurrencies (https://cointelegraph.com/news/russian-hackers-used-9000-computers-to-mine-monero-zcash-other-cryptocurrencies)

total earnings are estimated to be $209,000 so far for Monero alone,

it's crazy, no wonder mining difficulty skyrocketed

Just started using 7 of 8 cores on my miners for monero. $3500/mo of crumbs at current diff and price.

Nothing new XMR always have been a botnet coin, since this one is cpu mineable kinda efficiently. Have read this kind of news many times.

If you think whattomine is even close to accurate, "I have a bridge I'd like to sell to you"  ;) .....you might want to check out the threads on it...

And which coins do give a better long term return? Do you know something we dont know?