Bitcoin Forum

With the down trend in all cryptocurrency, how profitable is mining?

Proof of stake mining is always very profitable!  ;D

Production always remains profitable even in a downtrend. But do not forget that everything in the world is cyclical. And in the same way trends in the crypto-currency should unfold. Look at the Ether

Altcoin mining can be profitable.

Mining on GPU is profitable if mining not popular coins-gems - they will do x2-x5 easily, GOA coin for example with masternodes staking

You could have answered your own question by just looking at whattomine or any of the other similar sites that calculate profitability.  If you're just asking for opinions about what the future holds, nobody really knows.  Prices are going down and most new coins are pre-mined PoS types,  plus the ones that are mineable are seeing their difficulties skyrocketing, but for now, mining is still profitable.  I wouldn't risk buying more hardware right now, especially with the ridiculous price-gouging going on, but that's just me.

I think altcoin mining is more profitable despite the decline, because mining activities do not take considerable risk, in contrast to trade and investment is very sensitive to price changes so there is a possibility of losses, the best way for those who invest when prices fall by buying then hold it and not in a hurry to sell it. as well as excellent mining, regardless of the results collected and sold when prices have risen and stabilized. consequently mining is the best choice to avoid higher risk.

Mining is profitable only if you mine atlcoins or crypto currency due to nowadays it is truly profitable compare to bitcoin directly. Just make sure it is POS(proof of stakes) not POW(proof of work).

try and find a gpu for a sensible price. that tells you everything you need to know about whether there's still miner demand. there certainly is. profitability depends on so many different factors no one can give a definitive answer but it clearly is profitable enough still for enough people.

Cryptocurrency mining is a hit or miss.  You can mine a stable project and will make a minimal amount of profit after electricity fees and it'll still take a while to pay off your miner.  Or you can gamble and mine a project that isn't even on an exchange yet and if the project is a success, you can see huge profits.  The risk is, if the project get's dump by the dev or doesn't get listed on any exchanges, you'll be a bagholder. 

Mining is still profitable, The fact that there currently so many miners are still running their business. But that depends on how many your hash power. Some people are trying to argue if mining consume a lot of power that doesn't make sense if you are hearing about that.


But in another word that mining still profitable at least it doesn't give deficit to the miners.

You need to calculate a lot of factors.

Depending on the type of miners that you want to use, it can be very profitable for coins now.  Asic of course give the best returns.

You can use whattomine.com and know on how much the estimation of a GPU's possibility to earn. But the challenge now for GPU miners is that there's a massive shortage for the GPU's so if you are living in a country that there are only few miners or as in there's no one that's interested in mining, you are lucky to start your own farm there.

Depends on  how much power your system draws and how effective you can cool the system.  I mined with a machine in my office room which had the thermostat to the whole house right outside the office room.  So the A/C to the whole house was kicking on all the time.  So the A/C cost with the cost of the power from the system and the noise it created wasn't worth it for me.

But those who have a dedicated place for mining and can cool it would still be profitable.  And the more machines you can keep in same location the more profit you will squeeze out.

For mining to be profitable you have to keep your daily/monthly cost as low as possible. Especially the cooling can be very expensive. This is the main problem in my opinion.

Someone who wants to mine on private should pay attention to a few points. Even if you want to mine altcoins! First, you have to keep in mind how expensive the electricity is with you.
Second, you have to expect that you have too much competition, which means that the difficulty can increase very quickly. That means that your gh/s will be too small at some point.
Third, you must also note that your hardware is well cooled, otherwise a defect in the hardware threatens. I think mining altoins is the most profitable.
In order to mine btc you need too much gh/s. That means for you that you have to invest a lot of capital to buy a rig with a lot of gh/s to mine btc. So if you have the capital and the space, I can recommend it to you.

You could check Bitcoin and any other mining algorithm profitability here: https://www.coinwarz.com/cryptocurrency

If you want to mine with GPU rigs, you will have hard times finding cards at normal prices. Everything is sold within hours of delivery and the prices on secondary markets  are insane.

I think it could be profitable to do cryptocurrency mining as there are many people who are engaged to this kind of activity even how high the cost of electricity it will be consume since there is a great opportunity on this new technology business. The most favorite in the cryptocurrency mining is the mining of Litecoin which can be mined on a regular home PC. It shows that you would made over a 20$ per month with 50 hash power. If you can increase the hashing power and lower your electricty bill, probably your making a good profit.

What are the cheaper GPU rigs you are able to purchase that will still work effectively?

Well they are profitable and worth it for those who invested their money on expensive GPUs and Asics. I was lucky enough to bought a used gaming computer with good gpu (2 AMD radeon rx 480 to be precise) with for a cheap price and used it for eth mining but the problem is electricity cost is here in my country so, i got to minimize my mining to reduce the electricity cost.

Well if you are looking for cheaper GPU for mining i suggest you should buy amd gpus they are cheaper than nVidia graphic cards but they are the best for altcoin mining although nVidia Geforce GTx 1070 is more superior in terms of hashrate and low power draw but the price of it is very expensive.

It is good to invest in mining so far miners have a lots of potencial if you mine now.

Yes mining is really profitable and at the same time it provides you a guaranteed passive income just like signature campaign as we have to apply for signature campaign which is in great demands now a days but mining is not like that because here at mining once you set it up you just have to monitor it and don't have to bother about looking for other campaign once the existing campaign comes to an end.

I do not think it is profitable now. Hardware for mining is too expensive as well as the electricity. However, it depends where you live. I’d stay away from mining as too must should be invested into this business before you start getting some profit.

It is very profitable in a sense that you are likely receiving a monthly salary as long as you can afford to buy high tech computer that could carry mining tools to avoid over heating and damage your computer and a debt for electricity.

I think that mining crypto currency is a pretty broad topic.  That is, mining can be extremely profitable when the coin, the timing, and the hardware all line up.  An example is what just happened recently with the Bitmain A3 and Sia.  The rig was manufactured for a pretty narrow set of algo's and then the first batch hit, miners were making as much as $500 per day for a machine they paid a few thousand dollars for.  That went downward pretty quickly as the hash and difficulty soared. 

And those that suffered delays for the delivery of the machines found themselves just a wee or two later making $40 a day!  In two weeks ...

So the combination of the all of the factors make the difference.  I think it probably takes more work keeping track of options than it does configuring, installing and keeping the equipment running.  If you drop into Discord servers for coins and visit the #mining channels you can get a sense of how much time it takes to efficiently run mining equipment. It's not a "Set and forget" kind of thing.  I thought it would be - but it's just not. 

One interesting trend are the masternode coins that are flash-in-the-pans.  If you are quick enough you can jump in, point a rig at a new coin that looks like it might last as long as a month, mine it when the difficulty is low, wait for it to get listed on MN sites, CoinMarketCap, and exchanges and cash out on the bump. Then point your rig at the next one.
That's just one strategy - there probably many more.

Also, it matters how you define "profitable."  There are a lot of people who find mining just plain fun.  Running something that throws of a "payment" - some people just like to see the coins flowing into their wallets without having to transfer USD to an exchange, pay for the coin, etc.  Also, some people like to tinker around with hardware stuff like a small engineering project.  There's something to be said with playing around with equipment, and then tweaking the software to make it run better.

So yeah, I think with the proper attention mining will be profitable in 2018.

In case if you already own good equipment for mining (I mean ASIC, for instance), then you can mine. Buying new hardware will need great investments, and the profit (at least good one) is not guaranteed.

There is an excellent online resource where you can calculate the profitability of mining: http://whattomine.com.
In 2018, the payback from asics for bitcoin and litecoin was about 9-11 months throughout January. Depends on the price at which you buy equipment. On the video cards you need to count. I was not interested in video cards, so I didn't follow them ROI. Now the cost of asics has fallen. Who had plans to start the mine, now is a good opportunity for this.