Mining MONERO is a worthless endeavor nowadays...and it will only get worse...

[MinasTirith]

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.

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 ......

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  )

[tommy1735]

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

[Jackblow33]

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.

[CryptoTamer]

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

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

it's crazy, no wonder mining difficulty skyrocketed

[senseless]

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

[Jackblow33]

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

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

it's crazy, no wonder mining difficulty skyrocketed

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.

[MinasTirith]

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.

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...

[Kraddler]

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 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  for the crumbs that fall off the table.....when you could be eating steak with a newer coin  

you could just buy the coin instead of mining it, right?

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....

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