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Author Topic: Is Mining profitable?  (Read 6123 times)
Zeta0S
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November 14, 2016, 12:20:56 AM
 #41

Mining is working out just fine here  Smiley

Note, i do mine altcoins and sell them each 2 day`s to Bitcoins, exept my ethereum rig, i keep my ether.

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andyblocks
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November 14, 2016, 12:25:09 AM
 #42

It is not easy, but it's possible. I think altcoins mining is a good alternative, especially if you have gpus available. Depending on your location, it may be much more difficult to mine bitcoins, especially if you consider the shipping costs of the mining equipment.
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November 14, 2016, 02:56:21 PM
 #43

In my country mining not yet profitable, if the price reach $800 mining will profitable, i hope 3 units s7 from bitmain and still off after halving day or 4 more ago
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November 14, 2016, 07:08:07 PM
 #44

About altcoin mining:

I have any rigs with 6 rx 480, today i mining zcash. It's around 735 H/s per one. Profit at day ~ 10$. Power is 1100W/h.

About the bitcoin and litecoin mining - it's is really profitably if u have free electricity or pay around 5-10$ for 1 kW per month.
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November 14, 2016, 07:54:45 PM
 #45

About altcoin mining:

I have any rigs with 6 rx 480, today i mining zcash. It's around 735 H/s per one.
 Profit at day ~ 10$.
Power is 1100W/h.

perfect

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November 14, 2016, 08:06:34 PM
 #46

In my opinion it will be hard to earn good profit from btc mining. The mining diff is really high. But you will have competitive advantages if you live in a country with very low electricity costs.

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November 14, 2016, 08:08:06 PM
 #47

No not it is not profitable anymore i think that it will even never be anymore because everything lke electricy,water gas and other important things are more and more expensive.
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November 14, 2016, 09:15:45 PM
 #48

In my opinion it will be hard to earn good profit from btc mining. The mining diff is really high. But you will have competitive advantages if you live in a country with very low electricity costs.

One of the most cheep electricity is at Russia.
For usually users(not for the company), about 36$ for 1kW per month.
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November 14, 2016, 09:32:36 PM
 #49


One of the most cheep electricity is at Russia.

For sure. And they give for free a hectar of land in the Pacific Area of the country.
Enough for the living and mining.
What is about Internet in Komsomolsk-na-Amure?

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Zeta0S
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November 14, 2016, 09:33:30 PM
 #50

This guy is still mining whit Block Erupters  Cheesy
https://www.youtube.com/watch?v=6A7nVC1WSgE

Get a HUGE 3% discount with promo code: MOON @ Genesis Mining
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November 14, 2016, 10:34:03 PM
 #51


One of the most cheep electricity is at Russia.

For sure. And they give for free a hectar of land in the Pacific Area of the country.
Enough for the living and mining.
What is about Internet in Komsomolsk-na-Amure?

I think mission possible with build communication station Smiley
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November 15, 2016, 06:27:10 AM
 #52

it's time to best mining, because the price increase, after mining please hold our bitcoin until the price more than $1000
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November 15, 2016, 03:14:22 PM
 #53

after mining please hold our bitcoin until

LOL, you need a therapy

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November 16, 2016, 08:08:51 AM
 #54

Mining is not profitable for now, my power cost is too big with the result. After I calculation, I must waiting bitcoin price reach $850 to get profit.

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November 16, 2016, 08:30:54 AM
 #55

Mining is not profitable for now, my power cost is too big with the result. After I calculation, I must waiting bitcoin price reach $850 to get profit.
that's right the cost is more higher than the amount that you will able to collect and the possibility of burning your
device is at risk so better to buy and invest for much profitable and effective way to have btc.
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November 17, 2016, 04:29:11 PM
 #56

that's right

Sorry, are You blind?
People is reporting about profitable mining, just in this topic.

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November 17, 2016, 08:41:21 PM
 #57

Mining is not profitable for now, my power cost is too big with the result. After I calculation, I must waiting bitcoin price reach $850 to get profit.

It depends on electricity costs, on some countries mining at home its impossible for its electricity price, but on other electricity prices are very low and you could make some profit. Also electricity prices on big company normaly are better.
If bitcoin price continues to increase i expect that winning difficult will increase too and you will have problems also with bitcoin at 850$.
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November 18, 2016, 12:59:28 PM
 #58

Mining would  be  profitable  if you have  cheap electricity   cost on your country. Latest   miners   do  cost $2k  usd  as  of now on the latest  ant miner s9 . If you  do  have  only  $500 then better to   mine  on  some good  Altcoins  as of now   like ETH and XMR  its somehow  ideal compare on  bitcoin. If you do have  exact amount ot invest on an asic miner then go  for it, just remember  the important thing to run a  mining rigs.

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November 18, 2016, 02:27:00 PM
 #59

Can't waiting for bitcoin price reach $900 and I will start mining again. Now I have 5 units S7 and still turn off after halving day and cost for electricity in my country too high. About a month ago, I was tried for mining with 2 units on 3 weeks but the result is loss.
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November 18, 2016, 02:42:35 PM
 #60

i was thinking about getting 3 antminer s9 and dont pay any electricity how much profit i'm i looking at with these 3 antminer s9
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