Bitcoin Forum

Is mininG still profitable these days and which coins are mainly mined except for bitcoin and bitcoin cash etc.

How much can one mine a day based on rig and cost?

These may be stupid questions but appreciate any help.

The best answer to your question is, "It depends."


The profit really depends on your individual situation.  You need to take the following into account:

1 - Equipment:  Are you planning on running ASICs, GPUs, CPUs, and/or thumb drive miners? 99% percent of people say only ASICs and GPUs are profitable, again that depends on what miner or equipment your running. 

2 - Electricity Cost:  What is your average cost per Kw?  Across America i think the average is $0.11 per Kw. Most mining calculators such as Coinwarz.com or Nicehash.com use a standard price of $0.10 per Kw. 

3 - Currency/Algorithm being Mined:  What do you plan on mining?  What is the current market for that currency?  What is the difficulty rate?  What is the rate of difficuly increase for the giving currency? 

4 - Market rates: What is the current price of your currency?


These are just a few of the main things you need to take into consideration before buying a miner. Beyond that you need space, a way to dissapate the heat from the miner, provide the proper electricity to the miner, a way to deal with the noise from the miner, and much more. 

I personally think mining is profitable but it does take a serious initial investment that you may not see a return on for 12 months.  The potential is there to make a fair bit of money, but don't quit your day job and don't invest any money you can't afford to loose

if you take the time to browse that question is asked daily by noobs.  Just research for god's sake.  Yes is the answer.

Use search option on this forum or Google search. You will find lots of info.

mining profit is really depends on your country situation
from electricity to the cost of buying a mining rig.

and there is too many type of mining rig now , its hard to say which miner is the best for now.
maybe few months later it will become outdated already.

Sia is profit,etherum,small profit in lbry.

yes it is it depends on the coins you are mining
if you see a coin that has a potential value in the future
keep mining it to the moon!

if you wanna sell right away - use whattomine to figure out... well... what to mine. :P
if not, google the forum, find a coin you believe in will rise 100x and stick to it and hodl.

1, choose the equipments that fits for your capital and make sure that the durability is good to work it for long period of time.

2. If you have enough capital to buy equipments need to consider the electricity rate in your area to be sure that all coins you mine is giving you good profit and not all income will goes to electricity.

3. Make sure you thats the coin you mine with high volume of demand.

4. Finally if you already coins do not sell it rush, just wait for the right time and make the coins at the higher value.

HSR is pretty good right now. Recently, Australia also adopted the HSR support resolution, you can enter a few miners community understand the latest HSR mining revenue. :P

don't think we need to think at mining anymore..

The best answer to your questions is HERE, only one click away (https://bitcointalk.org/index.php?topic=2208927.msg22248565#msg22248565)

im mining ether
and insights regarding the new protocol?

 To me, mining is fun and a learning experience. If it becomes unprofitable, then just use my rig for gaming and entertainment.  :D

I think gpu mining profitable if you have low energy cost or low gpu cost or both of course. But i am wait bitcoin gold, and eth upgrade it can bust profit.

Nope

Mining with asics or gpus are both profitable, both have pros and cons. You just need to find out what you are comfortable with.

After the update, the profitability will not change.

Yes, mining is profitable.

There are a lot of factors to consider like cost of electricity, cost of GPUs, what coin you mine, etc.. But when you get all of this down and everything comes together, yes, mining is profitable. Actually, even if you don't have the most optimized configuration, mining income is still greater than cost of electricity at the moment and i believe this is sure for at least the remaining of 2017.

It seems to me that mining coins is using graphic card is cost-effective in countries with cheap electricity but this method has a very low profitability. The main advantage is that you can gradually build up power. No need to invest a lot of money to start. If this occupation you do not like or at some stage will be not profitable you can always sell your GPU and return part of the money spent. I think that you should start with this method.

I think ASICs are profitable and will always be, at worst case scenarios you can rent them and they don't require much maintenance like GPU rigs

While ASICs are definitely more efficient and have higher profitability, there have little value outside of mining.

If mining becomes unprofitable, then it cannot be used for anything except the resale market...

I am sure that production is profitable always. No one will get coins if it is not profitable. Another question the profitability of mining. It may decline or rise depending on market conditions. Attachments new equipment always generate revenue but if you buy equipment with the second hand you run the risk that it will never generate revenue.

But is expensive..no?

it is profitable if you got your hands on the first batch, but for those late nov batch you need to hustle your way to make your roi faster

I can't speak to the maintenance required for ASICs (never had one) but gpu rigs are fairly easy if setup properly, at least in my experience.

I kinda prefer the flexibility with gpu rigs, both in terms of build customization and the amount of algos you can mine. It's also pretty easy to liquidate old gpus on the gaming market when they become inefficient.

In a worst case scenario, it seems like ASICs would be harder to sell.

I'm not familiar with ASIC but how do you calculate the profitability? I thought that ASIC was cheaper to buy but was less profitable than GPU mining.

I'm using GPU mining at the moment,  its not giving you 50% per month but if you  set the miner for proper coins you can grab a bit of money   for each month or wait till the coin goes up(i pick this option ;) )  each month few % of investment is a good

i recommand that to check some ICOs they trying to build thier farms and start mining and if you're an investor and the project successed you will make huge profit, check ,startmining.io and also terramining

still profitable on equihash.

"These may be stupid questions but appreciate any help." - apparently sort of ;D ;D ;D
If mining is not profitable, this part of forum would be closed already and dusted...

of cause mining is profitable, and it is much more profitable than twelve months ago, and maybe 24 months ago also...
it is just not as profitable as the time in May/June for ethereum...

so...what do you want? mining is profitable, and will be for a long time, until you can not pay out your electricity bills

Currently mining is not profitable,  It's only for fun and tweaking around and for those that can't handle the high volatility of alt coins.

Well it depends on what you mine and the number machines you have dedicated to the minning proccessing ..GPU and ASIC minners will make more.Also it depends on how much you are paying for electricity.. so it all depends.

hahah your delusional. wrong and wrong.

asics are more expensive, and higher profits,  Less people have them. Anybody could go order a video card on amazon, mine or play games or whatever, , Very few will order and wait for the miners to ship from china because it's too specialized at one thing and that's just making money with money. Serious farms use asics to mine real coins,  GPU is for mining sh*t coins except for ethereum but that's going to come to an end with proof of stake

Mining still profitable up to this day but depends on your resources. If you are looking to mine on your old and outdated computer (rig) then goodluck as it won't work out for you. There are money things that you should consider if you are looking to mining such as:

1. Equipment - CPU mining isn't profitable especially if you are going for the known ones, you have to invest for Antminers (those USB thingy ones) if you are looking to mine BTC or LTC, if you choose Altcoins such as ETH or XMR then invest on a rig such as GPU's. You can wander around this forum as other members that into mining share their current rig and the coin they are mining.

2. Money - This is basic, the more money you have to invest, the better equipment you have. Consider yourself first if you are determined to go into mining as equipments is not really cheap nowadays. You are lucky if you find 2nd hand ones that sold cheaply.

3. Coin to mine - You should know what coin to mine, its current trend in the market and base on what you study, does the coin you choose will make it up for the investments that you let go. Are you determined for a longer ROI or just short?

These are just the basic things you should consider, if you dig deeper you will know a lot, especially in this forum.

Depending on your costs for electricity and hardware, you could still make a profit.
The question is does buying coins make a lot more profit.
Because so many people are finding out about crypto coins at the moment, coin prices are going up, and it seems like buying coins is better for now.
I bought some hardware a couple months ago.  I think I should have started with just buying coins, and waited to buy some mining hardware once coin prices aren't increasing so quickly.

I don't see why I would be delusional, it's just a questions. You've got asic machines below 2000$ but from what i read you make a couple of bucks a day on BTC. With my GPU rig, I make around 12-13$ / day (ETH and sometimes ZEC).

October 25 and Bitcoin Gold is coming soon. I expect the growth of profitability especially on green video cards.

I got S9, L3+ and I also got a 1080gtx ti rig,
Asics bring in more 8-10 dollars for an S9 and $15-18 for an L3+,  I got each of those for around $1600,  ,  Two 1080 Ti is about $750-800 each and those currently bring in $2-2.50 per day per video card each.  

GPU bring in roughly  Half of the amount of what asics can bring in dollar for dollar,  GPU's got the resale edge.

Your highly underestimating the asics.  2 dollars a day on asic is straight up trippin.  That's what a top of the line GPU  1080 gtx ti do these days. $2 dollars per day per video card is garbage returns. Video card will be obsolete by the time you got your return and you would have broken even,  Better off buying coins if you want better return of investment.

Some replies in this topic really are making me wonder if those people actually mine..  ::)

just looking at supply of gpus now tells it all. it's easy to get gpu now meaning nobody buying gpu's to mine anymore.

Mining is still easily profitable, it's just like anything, you need to try to keep all your hardwear on the top of the tech ladder for best efficency and hashspeeds
I believe anyone under 0.2 c per kw/h is still making money, and rest assured most are ROI now on 10 series purchases, dammit we have had them 15 months haha
0.1USD kw/h and under, profits are still 70/30 if not better

I'm making around 12$/day with GPU and no paying electricity, it's not such a bad deal. GTX 1080 are not good cards for mining if you compare price vs ROI.

Anyway, is there a reliable calculator for asic?

thanks

1. Yes, definitely, mining is still profitable these days.

2. Choose the coin that you want but better prefer on a low mining difficulty as you can harvest more coins rather than the known ones.

3. Still it depends, depends on the current rig/equipment that you have: If you only have CPU than choose a coin with algo: Cryptonight, if you have a GPU or planning on setting your own mining rig you can go with the known ones.

4. Again the profitability of it will depend on your mining rig and the coin that you choose to mine. Google is your friend here so better research about it, and people here share their own rigs and current mining experience.

@klintistwood what/how many GPUs are you running for that $12/day? Just curious.

When you think about the cost while mining, and possible expenses for GPU etc, it is not profitable.

I have 10 GTX 1060

Not in 1 month no but within one year, it still is profitable and without taking value increase into account.
With a 2.5k rig, I would need to make 1 ETH / month with an average value of 250$. Today ETH is at 300+ and is expected to grow. Difficulty will rise but big bumps are out of the way for one year now.

I will not soon, buying a new ring now is not a good idea.