Bitcoin Forum

im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it

No, it's too late, get your money and learn to trade

Yes its still profitable.

Great way to get rich "slowly".

It is profitable.

You just need to do research and put some hard work and patience into building your rig. Mining is a long term endeavour. You shouldn't look at the revenue and profit you are seeing today, but rather look at the potential future value of the coins you are mining.

If you are satisfied with the payback in a year or more, then it is still good for you. I am waiting new gpu now or coin price up.

It is still profitable on long term, if you meet a few conditions:
- get a possibility to mine cheap. Electricity costs are mostly very high.
- Mine the right coin: Expected worth in future against difficulty.
Maybe you could also earn with renting your hardware out like on nicehash. Mostly for customers not profitable but seem although to rent hardware

Although i have never tried mining with rigs,  but based on my reading and people's case study

It is still profitable if you check on :whattomine.com

The only thing that would make it become unprofitable is the cost of electricity

If that factor is excluded from Cost, it should be profit regardless of how low of your hash rate :P

Hy,

It is profitable, but think and plan carefully, go for solutions which are bulletproof, or at least find someone who already did it and its working.  http://simplemining.net/ (http://simplemining.net/) can greatly reduce your initial efforts after u have built tha system, and yes, DIY,  ;)

Greetings

Still profitable? Not much. I have 3 gpu farm and will not buy more right now. But we have new news everyday, may be bitcoin gold bust profit.

Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !

It's profitable, but not as much as a few months ago.
Depending on your electricity rate, it may not be profitable at all.
If you have very cheap electricity and money then go for it, but honestly you'd make more money by holding cryptocurrencies long-term anyway (let alone trading).

No, Only if you have cheap electricity and alot of money / time.
Also don't expect to become rich because when a new miner looks highly profitable many people will buy it.
So increases the difficulty and you have less and less profit

Even if your mining efforts are not 'profitable', as others have implied, you'll certainly get knowledge/education by exploring mining software/hardware/pools etc. Dive in for a while, you'll either love it/get addicted or not bother - for now  :)

It's late for ethereum mining. Buying ethereum with your budget is more profitable.
If you are betting on other rising PoW coins, mining could be OK.

Just do it!  ;D

I think it's a bit late if you're looking for a good ROI in short-term, but it's never late if you target for mid-long term with good coins.
Somebody here already stated that they mined some coins even for negative profit, but they get rich now.

Yes and no, It depends on the coin, some coins are very rewarding to mine, while others have a high level of difficulty hence the profits a low.

Yes it is still profitable, although I have noticed a lower return rate mining ethereum over the last month or so. I think the difficulty of this coin has increased enough that it has affected the profitability of my rigs. I will continue to mine it until I cannot anymore then will switch what I am mining using the rigs. That is a nice feature of building mining rigs, you do have some flexibility of what you are using them for. Definitely not a "get rich quick" type of thing, but in my opinion still worth doing.

but if i get a d3 i know its going to be like super good short term or long term right? and it pays for itself in like 2 months

Currently it is 15+ month ROI and is decreasing heavily, for so new miners bad time to enter market. But, if you want to build a gaming pc that will double up as mining server go ahead.

I think its profitable for people that are already in it for a while and ROI-ed their investment...for newcomer,
I'd rather invest into coin than into rig

I expanded and it was to diversify and needed to use the half megawatt that I had laying around for a rainy day.

Looks like risky business now. By the time altcoins are profitable again the coins that are being mined ate probably forgotten and replaced by newer ones that solve problems or add features.

It depends on whichever for you is profit.
15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.

thats per day dude wtf per month 20 on a D3 are u smoking crack ??

Depends on what you want to mine. Bitcoin will be too late as it was dominated by ASIC mining farms at altcoin still a little bit profitable specially if you are in the region with cheap electricity.

Not quite profitable, but it depends on your electricity bill, if you have cheaper bill then it is still worth.

Currently it would to say that depend on your 1st investment to mining.
With my opinion just put small note to trade on some exchange.
Mining sure still profitable if not why many people investing in this. It's depend on your self

It is still profitable and the cost of mining supports the market price

This question depends on two things.
First if you want to be involved in the crypto market is it for profit seeking, growth of the network or both?
Second do you feel very assured that the money you invest in the crypto market will be a worthwhile investment, i.e. is the risk worth the reward?

My experience involved buying cards to mine, in order to hedge my bet against a collapse of the crypto market earlier this year. I still feel that purchasing the equipment is the safer bet in the sense that you still have a physical product that has some utility.

If you are tech savvy, don't mind spending large portions of your free time working on your rigs and properly cooling them, you will have a fun project on your hands. Some people advocate away from people mining because an increase in network difficulty reduces rewards but i prefer an army of hobby miners controlling the network than a bunch of render farm giants moonlighting on the crypto networks.

i think $20 per month is not too expensive for electricity cost but we need to have high end hardware and its depend on what coins want we mining. i think with gtx1070, you need to have more than only one gpu because if its only one gpu then you can not make any profit. if you have more money, maybe you can considering to buy hardware like L3 which currently mining ltc and you can visit on bitmain company to buy the hardware.

Yes it is profitable but I think you need to have high capital to get more profit and I think it takes 3 months for the ROI.

Yes! It's still profitable.

I just started mining a month ago. I used to do trading before I finally decided to do mining. Yes, you need to build your own machines and you need to maintain them carefully. But if you can use the mining software with the best algorithms --- which can help you optimize the calculus power, it is still quite profitable.

PS. I'm mainly mining ZEC and ETH. If you are interested in mining, and if you are also interested in mining ZEC and ETH, you can write me a message, and I can share what software I've been using and whether they are good or not.

Which coin? Actually, do you know any coin with less than 9 months ROI?

It is still profitable but profitability is very little compared with what used to be. This comes from people from all over the world even third world countries buying GPU-s and started to build mining rigs since late last year when profitability was extreme for a GPU-s with ROI in less than 3 months. Things have changed and now if you ROI within one year you are a very lucky one. Not a good time to enter mining but if you want to try it no one can stop you.

Unfortunately one GTX 1070 will make you about 0.00032 btc in a day or even less when mining ETH or ZEC.

Mining will lost profitable if try big company start mining. They will have low equipment price and can find places with a low price of electricity.

Hmmm, big try company did and are right now mining for themselves, AMD one of the major GPU manufacturers in the world already has the biggest ETH farms, they with other big companies are selling hundreds of thousands of GPU's every month. it is always profitable to mine if you know when to sell.

Yes mining is still profitable as long as bitcoin is keep increasing.And be wise enough to buy mining hardware so that you can have a better profit.Think another source of electricity like solar power and calculate its ROI so that you can forecast your profit in it.

hey man, you should definitely stop smoking, it's killing.
michaelyu5 was asking about profitability of mining with gtx 1070.

If you got power for free mining could be very profitable.
You could earn the coins for "free" and hold them until sky rocket....

 ::) ::) ::)

Lol, you newbies really haven't a clue and its BS posts like this that keep new people buying in. Maybe 6 months ago you could figure on a 3 month ROI, now it is closer to a year, and that is if you have cheap power. One of the most efficient cards there is in terms of hash performance versus wattage is the GTX 1060. You can get 25 MH/s (ETH) for about 80 watts per card. Even with 6 cents per kWh power costs you are barely earning $0.91 a day which will take you 274 days to ROI, assuming everything stays constant, which it won't. Even if you have free electricity you are talking 250 day ROI periods.

So we are actually talking about 8-9 months ROI IF and that is a big IF everything were to stay the same. But things are constantly changing, hash rates, difficulty, and a coins price are going to fluctuate so it is unlikely to stay constant over such a long period of time. What is more likely is profitability will continue to dwindle and turn that 8-9 months ROI into 16-18 months or never.

Maybe once people realize this and second hand hardware starts to flood the market, also putting pressure on retail new prices to come down, will it make sense to buy hardware again. The 1060 I referenced above retails for around $250 (for the 6 GB version), maybe once that is selling for $125 on sale would it even remotely make sense to get back into buying hardware.

You still need to pay for your equipment. Even with free power the ROI times are stretching into the 8 month territory, see my post above. So the only way your scenario works is if you have already paid for hardware and free electricity.

Of course this neglects the lost opportunity costs which means you might be better off selling your equipment now when you can still get something or it then 6 months from now when all mining is basically dead. There is also your time to consider to manage and keep the rigs running, so really nothing is free. If it takes you 4 hours a week to manage a couple of rigs you could instead be working that 4 hours at a job and probably making more money.

People got spoiled with 3 month roi this spring/summer. If 12-16 months roi is ok with you, then it is fine to go for it. Also, who knows, maybe a new coin jumps out that could wipe zcash, ether and the whole lot and is also gpu mineable.  ;)

t depends on your rig cost. i bought 7 gpu rx470 half of its price so my roi term is to short. its still profitable for me.

for 12 - 18 months ROI time, well... its definitely tough
Please remember, gpu efficiency drop hard once new generation gpu release into market

This is indeed a very common question and I am sure many have already asked this the very first time they jumped in Crypto world. Well, like many said a lot depends on the what you mine. Many think mining BTC would be profitable because it has the highest value but then they do not know that this is definitely not the case. I cam still mine altcoin and make some decent profit. Mining is a long term investment. Take one step at a time.

There's a lot of people that are keep on asking if mining is profitable. My friendly suggestion to you guys, you should start learn to do your own research before investing into something like mining. Lack of knowledge will pull you down and will make you think that it is not profitable anymore. The difficulty increases, so the hardship and struggle with alt coin mining is increasing too. If you haven't ready to invest big amount of money and you are not good in taking up a risk, good for trading instead.

do your own research, profitability differs from one person to another :)

No worth to mine for profit anymore. Hardwares and electricity will cost too much to still in profit unless in a big scale. But, it good for as a hobby.

Its still profitable provided you dont make costly mistakes and arent trying to ROI in a couple months

Mining for future profit is very interesting - if you have cheap electricty and want do invest in hardware you can go it´s a long term investment in a mining rig and if you donßt want mine anymore you can use some of the hardware do play games  ;D

just mine a bunch of up and coming coins before tehy get all mined out. then go for the next coin. may be a waste for a few but if you find good ones and DYOR tou can get some gems

A lot of profitable coins are not on whattomine. Do your own research and those little gems will pop up every now and again

Yes of course. Mining will be always profitable.

No buddy.Bitcoin is always profitable one.Because I am doing Mine.I am a Miner.But you have to think wisely to get the profit from the Mining.First thing is Electricity.If you have very low cost Electricity means,You will get more profit from it.If you make use of Solar panels means,you will get huge profit sure.

I dont knwo mining is now profitable or not, But im damn sure that mining is way better then trading.

Most miners have long since discarded the equipment and everything they mine out is pure earnings minus electrical current.
More if they follow the most cost-effective coin and are waiting for them to sell at the right course...

look at the difficulty chart of Dash: https://bitinfocharts.com/comparison/dash-difficulty.html

 :'( :'( :'(

Mining is not profitable!! Shut down your rigs and sell them!

Totally agree with u..

I would suggest mining Bitcoin, as it looks the most stable and steadily increasing token.

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not  Grin
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners

------------------------------------------------
- not my words but i agree with this :)

Yes! Mining is still profitable and you're not late to start. But, if  you want to get rich faster I believe trading is the key. Some of my friends were started from mining later on they start trading and now focus on trading. There mining rig is still there but their priority now is to trade.

Unless proof of work completely disappears there are bound to be new inventions in new mineable coins. And those could become valuable.

You must do a lot of research first... profit depends on lot of factors including your investment, electricity cost in your area, the coin you want to mine , etc.

It always be as long as coins are alive

so cloud mining is better than getting a mining rig ?

yeah i ordered bitcoin miners from bitmain, but the recently raised thier prices so no more orders from me for a while

thanks for the answers guys will do try to keep it in mind

my answer will be yes。
A lot of profitable coins are not on whattomine. Do your own research and those little gems will pop up every now and again

True :)

Lots of thing to understand about the coin cycling life ;)

It depends what you want to mine. I only mine currencies early stage to get as much rewards as possible.

I prefer currencies where I am optimistic that it will increase in price and marketcap. No BTC or ETH mining here.

It's worth it if we drop out time to rise mined coin?

Still profitable if you just care about electricity bill.
But if you want to buy new card, you need to think about more things.
Maybe buy some coins and hold is a better choice.

I totally agree with you mining the good coin with no electricity it s better.
You take a risk it s still a gambling you ve to be aware you can loose you investment...
It depends now how much it worth it.

It is still profitable, it will cost you just a little bit of electricity. Some coins could have a real price explosion and can generate good profits. You will have to do some speculation, but you could make it profitable for sure. As long as you make the right decisions and mine the right coins.

The profit has gone out the market like it was at the beginning of the year. That was just incredible for mining and a lot reinvested that money back in to mining at the right time. Now they have hundreds of gpus

Yes it still profitable if you carefully planned it before you start. Mining cryptocurrencies is a very slow process but its the surest and safest. You have to consider a lot of factors before you start mining. First, you need to set up a computer with a powerful mining hardware. Do a research on what hardware is the best to use in mining. Second, you have to look for a cheaper source of electricity. The cheaper your electricity cost, the more profit you will have. Third, choose the right coin to mine. Not all coins are worth mining. Read some news on trends about crpto coins that is good to mine. And lastly, you need a lot of patience because its a very slow process.

I have mined since mid June and have mined about $3000 so far in altcoins. I have not invested any money except about $3000 into my mining rig. So I've hit hardware RoI. That is excluding electricity cost which is quite high but I'm not the miner who immediatelly sell his assets. I am a holder, so RoI doesn't really apply to me here.
And I'm still mining. I'm going to mine for another 8-9 months or so and hope that my coins go up 5-10x which is perfectly possible as I'm mostly holding Waves, NEO, Shift and a few others I believe in. Let's say I mine about $5000 more in those 8 months, total being about $8000. Now if in 10 months my assets go 5x I will have $40.000. That about my yearly pay... so yeah I feel that mining is still profitable.

it is by no means as profitable as it used to be.

but if you want to collect coins is a nice hobi.

mabe wants some times a coin grow up

Mine what is the most profitable, then convert to what you think will take the most value rate increase.

Then sell green, buy red.

Follow you instinct, the brain is very powerfull, never doubt about it ;)

Well for me i think mining is very profitable. As a new member of this organization i read alot about the cycle of mining here so i conclude that we need to go in mining to earn more.

Still some kind of luck factor in every way.

Mining, trading, as long as your are not big enough to actualy control something, like market value or coin hashrate, then you have to follow and predict what the whales are going to do.


Both mining whales and trading whales.

Good that GPU and asic are like splitted as GPU can't compete with asic, but many coins are asic resistant, so small investor can get in and support the project mining it.

Yes, of course.. You can mining everytime. I think mining is a flexible job.

People will say "it is not profitable", mostly because them got spoiled from the spring 2017 crypto boom and ROI that was in the matter of months. That being said, actual ROI these days is anywhere from 6-15 months (for the GPU rigs). This depends on what coins you mine and what you do with them. That is still one hell of an investment profit wise. Mine whatever coin gives best results depending on your hardware, dump these coins to btc when they reach nice to-btc-exchange-rate, sell btc once it reaches peaks = profit. Or you could hold the coins if you believe that their price will soar, however only the btc gives some (if any) assurance that it will keep raising in value.

This is my view as well. In any industry, a <6 month ROI is insane. That's a no brainer investment. A 12 month ROI may not be as pretty, but that's still considered a great investment by most standards.

It depends what mining. PoS is getting popular as there is no need to buy expensive equipment and you save much energy in such way. In terms of future perspective people will switch to PoS mining.

PoS mining is gaining in traction because of the low barrier to entry (no need to buy mining equipment).  The most prominent PoW high cap coin that people mine that is still profitable remains Zcash

POS mining, you mean, masternodes ?

If this is the new way, project should allow any wallet size to join the program.


I don't understand why masternodes has to be so big.

Only pre early investor are getting a good position, and not for so long. That just sux.

Might be way better if all small miners can help in masternoding.



Maybe it's just because it's better to have big strong amount of stucked money, so whales can play with value on market safely.

Damn, unfair, come on, lets make popular coin getting more value and support.


This whole ICO "I got a lot of money and I want more" privilege to rich people, + masternodes + asics ....

This whole crypto thing should be open to everyone.


Poor , rich , who is having fun ? kind of both.

PoS will bring massing of the capital. Centralization and market manipulation. Small players get cut out. Sounds like a plan, huh?

I'm running a 980ti and 1080ti  overclocked. Not making much, around $6-$7 a day. But hey it's something.

Pos is a scam

I prefer pre-mine than Pos anyday

yes, still profitable.

7x gpu mining rig pulling in $200/month after expenses.

Yes

hey guys, baikal A2000 200$ and Baikal x10, which one will be more profitable? very considering it

mine 5 x 1080ti pulls me about $500 after expenses
i'm earning $4-5 from one card, so it is abot 20-25 dollars per day
my electricity bill is under $100 so you can do the math  8)

p.s. i never mine ZEC, ETH. altcoins only

Mining is always profitable for people that don't need to pay electricity. It's all relative in the end, right now the alt market is crashing hard because of bitcoin. It might be much more profitable to mine some good coins and hold it until the alt market recovers then sell. POS is a good way to mine too, as in your electricity bill stays the same but profit can increase the more coins you hold or the more price goes up for the coin instead of buying more gpu or asic hardware investments to increase profit growth.

in my country, the electric is very expensive.i just have 2 baikal a2000 and 2 rx580 mining machine, so now I am switching my attention to POS and Masternodes coins. could be a better way to earning

Depends on what coin are you mining.
In general, mining takes a period of time to get back your investment. If you are an impatient person, just buy.  You will feel that mining just takes forever.

I like mining for some reason. I only mine altcoins (not ethereum and zcash) that are relatively new. I am gonna hold them for awhile hoping it will get me something one day but most likely it will end up being zero. I do trade some coins that I mine and buy the coins/tokens that I think have a great future.

However to answer your question, I think mining is still profitable but it takes time.

I think that there is still a chance to make money with mining. Several Japanese companies will start entering mining business from now.

Mining is profitable most of the time, you can increase your income by choosing what to mine and at what time

If you have good hardware and cheap electricity then mining is profitable. But Investing and Trading is always the better option.

Mining is the easiest way to earn cryptocurrencies but it requires good hash power machinery and electrical energy to mine them, the early days of cryptocurrency mining has helped many to earn profits, in the early stages of bitcoin there was no need for super powered computers for mining but now specialized super powered machinery are used for earning profits in mining, in small scale mining will not be profitable as it requires more electrical energy for generating bitcoins, after every three to four years time the difficulty level in mining cryptocurrencies are also in the rise.

https://steemit.com/crypto/@polkamasternodes/how-to-manage-your-crypto-mining-earnings

The future profitability of mining cannot be reliably predicted.
This is due to the ever-changing nature of the Difficulty modifier and the BTC price..

You can refer to  http://whattomine.com/, and see what is still profitable, better to invest now

Can you developpe please ? ^^

How do you find out signals ?

actually for now indeed mining can be profitable and it is also detrimental, as indeed we have no sure thing to see cyrptocurrency where a much more give you an advantage or a guarantee of getting advantage. mining is indeed profitable, but if you don't have a good knowledge of then everything will certainly be detrimental. because mining is always concerned about the analysis, calculation, and innovation.

Any bitcoin or other altcoin mining will be profitable. Profit is based on the amount you invested to buy the rig and cards you want to mine. Go with the radeon 470 or Nvidia 1070i 8 GB are best cards to mining ethereum, zcash, monero or neo.
Hash rate producing by the cards will be confirm the amount you can mine.

We need consider not only GPU cost but also power cost so It's difficult for us like a high power cost country...  x_x;

Exactly! But some currencies can still be profitable