Minning these days

[bettingmonster]

Hey everyone,

New here. I was just thinking. Times have changed alot now from when bitcoin first started and I was just thinking is it really profitable to mine anymore?

There was a time it worked now but I feel those times have kind of past. No the value of bitcoin itself obviously but just the mining part of it.

What are your thoughts?

[notlist3d]

We need to know a lot more.  What is your electricity price?  Do you have to pay a vat/import tax?

Things like that will help us a lot.  Really can't make blanket statements that it is or is not profitable.  Varies depending a lot on first line of questions.

[Amph]

at this point it's only profitable, only when new miners come out, because they are usually more efficient, so there are an opportunity for about 1 month to do soem profit

like it happened with the s7, besides this someone sold it at a better price because the demand was huge at launch

[Atomicat]

These days buying bitcoins and holding onto them is more profitable than mining.

The best ASIC you can find out there is the S7 and even with free power it would take 6+ months to make an ROI.