Bitcoin Forum

Does it make sense to mine in 2018 :D

people asked the same thing last november...how you think they did if they kept mining

Of course. The current spam of non-mineable premined ICO and airdrop nonsense will eventually calm down. Those are not the norm, those are just noise that are taking steps backwards in crypto instead of going forward and innovating. Because of Bitcoin's price rush this year it's like we're in an insane asylum; overrun by huge amounts of greedy and lazy people chasing the next gold rush, hoping whatever they look and throw money at will get the same increase as Bitcoin did and make them rich. And they do so without understanding or caring for crypto for the most part. It will calm down eventually.

After all this time, PoW mining is still the only fair initial coin distribution method and with the race towards cheaper and cheaper renewable electricity, mining will stay for a very long time.

And as much as newbies or miners who want to discourage others tell you that mining is dead or that it's wasting electricity, it's still pretty profitable. Even considering that this year the hashrate of all kinds of algos/coins multiplied. For example, looking at a few non-ASIC coins, Ethereum's difficulty increased almost 200 times (not even including the fork causing the difficulty drop), Zcash's diff increased ~1250 times and Monero's difficulty increased ~10 times compared to this date last year.

Mining will stay.

Keep calm and hash on.

Please do your own research and try to make up your own mind. Asking for financial advice on public forums might not have very happy ending.

You nailed it bro...  ;D

when you miss something you always wonder what I would do if the situation happened again, but when you repeat you do the same thing

LOL,

As long as there are things like BCC going insane people are going to be buying the scam ICOs.  I mean really, how can a reasonable person think someone has an "investing bot" doing trades paying 1% a day (30%+ a month)?  Some people that invest make money, most will get crushed.  I think these pyramid schemes will be around for quite a while, they always have been around. 

I agree that it reflects negatively on crypto, but what can you do?  People are still dumping money in. 

Hash on brothers and sisters

IMHO... yes. And I am building more and more miners accordingly.

Mining has been really profitable since this crypto bull market started more than two years ago (summer 2015).

When market turns it will be all about who dumps fastest to the highest bid.

you should definitely mine, it is still profitable.

why no?
I think while it is possible to mine and make profits, why should you stop to do it?
if a newbie and want to enter the market with farms and so on - please do it carefully and well think
do not start with a rig of 100 gpus. Build a rig with 8 gpus, see how you earning money, and then continue forward.

Of course! Mining is awesome and fun. Not to mention, can be very profitable. Just diversify in crypto and your good.
I would also recommend gpu build and mining. Your resell value of hardware and longevity of your hardware is alot safer than asic. Anyways keep hashing away or start hashing!

Well yes, though it won't be popular or heavily patronized like it was last year and beginning of this year.
Why it seems as if cryptocurrency Mining has died is because of the emerge of ICOs, which a lot of people consider quite faster and lucrative than mining.
But the truth is that not everybody is a fan of ICOs because there many fakes ones among them. This disadvantage alone will make people stick with mining.

Let's just watch out for 2018; we never can tell, maybe people might still run back to mining.

Yes, but maybe not on top coins. Mine the non-famous coin and hold them until the price booms.

Mining will end only when the last video card on the earth dies or new shitcoins stop coming out. So we continue while the video card is spinning, the altcoins are mining.

I think it will be profitable only if you have big mining farm, because mining becomes a very large business, there is a lot of money. Do you unterstand me? Mining in garage/flat is a thing of the past.  :-[

Mining will never NOT make sence  ;) the whole idea of crypto is to verify transactions, and this is done with mining. Alot of coins NEEDS decentrilazed mining.

Unless there is some major spike on you electricity rate, you should continue mining. If you analyze what is happening now, the world slowly turning its back on paper currencies and walking towards cashless transactions. Cryptocurrency will be the next necessity out there thus making cryptos more valuable. Also, there are lots of new potential coins out there to mine, that is the beauty of cryptos, you can always shift to other currency if one coin fails. Just make sure you have chosen the best one to mine.