Mining hasn't been profitable in the UK for a long time even with the latest efficient hardware. I've been running my miners at a loss until recently simply because I like supporting the network and its an interesting hobby. It was also creating some heat during the winter months to offset the loss a little.
Now its spring and its warmed up I cant justify the expense any more so have just sold them and doubt very much whether it'll be worth mining again.
Very sad times indeed
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Well, yes. The era of small house miners, especially rigs, has come to an end. There are some cloud mining options which can still be profitable with constant reinvesting. But 2009-2012 level of mining s over.
The hard part I see with a lot of Europe is VAT. Depending on country and tax it adds a additional amount to ROI. Combine that and high electricity it's a loss. If it's that bad I suggest looking into hosting.
Mining is still here and going strong, just is no longer the 90 day ROI almost guarantee. Also a big chance the miners are only good for miners day's of GPU's are over. GPU's did a good job of keeping a lot of your investment with secondary markets afterwards having gamers as well as miners.
With low electricity, no vat I still say mining will last. At next halfing I don't know what will happen but it will go for a the immediate future.
