Mining now is it too late?

[silenthawk]

Hi guys,
i had known about crytocurrent five months ago, but i only trading. The current market is unstable so I decided to keep it. i'm studying about mining, but my friends, they tell me forget it, present difficulty is too high. i don't mining BTC or ETH. Mining other small coins is easy but low profit. what should i do now?. please give me advice.

[rdluffy]

Yes, it's late, look the ROI
You can study, search and keep following the cryptos, possibily will be another rally

[leonix007]

Hi guys,
i had known about crytocurrent five months ago, but i only trading. The current market is unstable so I decided to keep it. i'm studying about mining, but my friends, they tell me forget it, present difficulty is too high.

Yes, Obviously difficulty is now too high not mentioning its still getting higher and higher, mining nowadays will always be depend on your electricity or your power rates, you can always check with any Online mining calculators if your mining is profitable in your location based on power rates.

Consider also your knowledge about at least how simple computer hardware parts works.

i don't mining BTC or ETH. Mining other small coins is easy but low profit. what should i do now?. please give me advice.

If you find not profitable then simple, don't do mining.

[Vann]

Mining is a long term investment strategy. If you are looking to make quick cash by investing in a mining rig, that's probably not going to happen and you should listen to your friends. If you don't care about making a quick profit and want to accumulate coins for the long term instead, then mining is certainly an option.

[Camnates]

Yes, it's late, look the ROI
You can study, search and keep following the cryptos, possibily will be another rally

If the long term electricity is over $0.15/kWh, it is too late. The ROI will be bad.

[cryptoking710]

Depends on your financial situation, I started mining a few months ago and as difficulty rises I will move to the next profitable coin and store for long term.

[Harry5555]

Depends on your financial situation, I started mining a few months ago and as difficulty rises I will move to the next profitable coin and store for long term.

As of now the profitability is low the difficulty keeps growing, but this will change with time and new coins and so on will be available.

[silenthawk]

Yes, it's late, look the ROI
You can study, search and keep following the cryptos, possibily will be another rally

If the long term electricity is over $0.15/kWh, it is too late. The ROI will be bad.

Electricity in my country is $0.1/kWh.

[Ayers]

Hi guys,
i had known about crytocurrent five months ago, but i only trading. The current market is unstable so I decided to keep it. i'm studying about mining, but my friends, they tell me forget it, present difficulty is too high. i don't mining BTC or ETH. Mining other small coins is easy but low profit. what should i do now?. please give me advice.

it's too late now, profit is dropping like a rock in the water, but not because of the value only but because there are too many miners, everyone and his cat is mining now lol, better to buy cheap coin and wait for the pump

[tokencoin]

It depends on your circumstances and what you want to get out of it. I'm new to mining, it's a learning experience. I'm gaining a large amount of hardware knowledge and it's introduced me to crypto in a relatively low risk way. The cards I use haven't lost any resale value as I bought them used and I'm looking after them in terms of temps and fan speeds. This also mean my ROI on each card is less than 3 months.

[Vann]

Hi guys,
i had known about crytocurrent five months ago, but i only trading. The current market is unstable so I decided to keep it. i'm studying about mining, but my friends, they tell me forget it, present difficulty is too high. i don't mining BTC or ETH. Mining other small coins is easy but low profit. what should i do now?. please give me advice.

it's too late now, profit is dropping like a rock in the water, but not because of the value only but because there are too many miners, everyone and his cat is mining now lol, better to buy cheap coin and wait for the pump

I wish that were the case. That's exactly how a decentralized POW network is intended to work. The more people participating and securing the network, the better off it will be.

[IT_AEX]

Well as other guys mentioned, this depends mainly on the costs of the electricity but also very important, the price of the GPU's you will acquire.
You can calculate profitability in here:

https://new.nicehash.com/profitability-calculator/
(most recommended for starters)

or here:

whattomine.com

Good luck.

[Fredomago]

It depends on your circumstances and what you want to get out of it. I'm new to mining, it's a learning experience. I'm gaining a large amount of hardware knowledge and it's introduced me to crypto in a relatively low risk way. The cards I use haven't lost any resale value as I bought them used and I'm looking after them in terms of temps and fan speeds. This also mean my ROI on each card is less than 3 months.

still new with mining as well and from each day that passed difficulty shown from time to time and if you are going to do it expecting for profits better to think twice mining will take some time especially if you will going to mine coins that will have a good future holding and waiting for it will give you a lot of profits.

[Gail.09]

Just keep on searching before you invest or trade... Actually we are in the same boat! I am also process of researching about RISE, I am very interested on there platform..

[Metroid]

The common sense wins battle, wars, and no, is never late to people who have cheap electricity, and yes will always be late to people who have expensive electricity. This is the battle of electricity price, people with cheap electricity will keep increasing their farms until is not profitable for you with expensive electricity and that is the truth, in the end you will have to stop mining and that is it, move on.

[pondwater]

i am mining dbix atm not really profitible but diff is stil really low, its risky investment but if it pays off i well have plenty of coins to play with

[xIIImaL]

Hi guys,
i had known about crytocurrent five months ago, but i only trading. The current market is unstable so I decided to keep it. i'm studying about mining, but my friends, they tell me forget it, present difficulty is too high. i don't mining BTC or ETH. Mining other small coins is easy but low profit. what should i do now?. please give me advice.

Mining is pretty harder for newbies and we need to invest big fund to get the ASIC miner and need to purchase the hash rate from the network to get the more income in mining.
What your friend said is right. Now Bitcoin and top five altcoins are not easy to make profit in mining you have multiple mining hardware set-up with the Antminer S9 or same specs in other brand.
You can mine Monero, LTC or Ethereum classic. These all good in value and easy to mine. Prefer Monero mostly.

[Topkras]

you can count your profit by yourself here https://whattomine.com

[solid.god]

Mining is not profitable! Go away, digger!

[lunobird]

I personally would do 90 percent investing in ico coins while they are cheap and do 10 percent mining,  When you feel like the market is in a bubble sell some and use those funds to buy more video cards.

You get the benefits of using them as tax write offs for equipment expense and pay less capital gains tax.  You also hedge  your bets by having value in the cards itself so your risk is lower compared to a market crash

When I went all in on mining by getting Three s9 miners, Initially i was only getting $5 dollars per day,  Now it's getting more like $10-12 dollars per s9 per day so it's finally starting to look good..  I would have made more buying more eth/monero/etc.. instead of using all my cash on s9 mining.  I am curious to see how long the s9 machines can last and be profitable.  I do have one L3+ and that's been very profitable if you got them early enough.

When I initially started gpu mining I was getting $10 dollars per 1080 gtx ti card per day,  Now it's only getting around $3 to 4 dollars per 1080 gtx ti per day. However I have gotten lucky on signatum and selling at the top and a few coins to pay off 75 percent equipment off in 3 months. But this was luck and being willing to sell your coins at the top.  I am curious to see if 1080 ti gpu mining can achieve the good all days 10 dollars per day per card during a strong bull run.

Mining is a long term strategy and I would not recommend going "all in",  I would focus mostly on buying some cheap good project ico coins and also the top 5 coins to get steedy stable growth.  Use any coin excess profits to buy gpu for fun as well as tax write offs and help accumulate coins and diversify your strategy