is mining still profitable?

[Branko]

I think its profitable for people that are already in it for a while and ROI-ed their investment...for newcomer,
I'd rather invest into coin than into rig

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[mojoxc]

I expanded and it was to diversify and needed to use the half megawatt that I had laying around for a rainy day.

[Washball]

Looks like risky business now. By the time altcoins are profitable again the coins that are being mined ate probably forgotten and replaced by newer ones that solve problems or add features.

[UnknownX]

im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it

It depends on whichever for you is profit.
15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.

[Marvell2]

im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it

It depends on whichever for you is profit.
15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.

thats per day dude wtf per month 20 on a D3 are u smoking crack ??

[bnlllamo]

Depends on what you want to mine. Bitcoin will be too late as it was dominated by ASIC mining farms at altcoin still a little bit profitable specially if you are in the region with cheap electricity.

[joshuaj]

Not quite profitable, but it depends on your electricity bill, if you have cheaper bill then it is still worth.

[bigdude]

Currently it would to say that depend on your 1st investment to mining.
With my opinion just put small note to trade on some exchange.
Mining sure still profitable if not why many people investing in this. It's depend on your self

[AschPlatform]

It is still profitable and the cost of mining supports the market price

[darkness137]

This question depends on two things.
First if you want to be involved in the crypto market is it for profit seeking, growth of the network or both?
Second do you feel very assured that the money you invest in the crypto market will be a worthwhile investment, i.e. is the risk worth the reward?

My experience involved buying cards to mine, in order to hedge my bet against a collapse of the crypto market earlier this year. I still feel that purchasing the equipment is the safer bet in the sense that you still have a physical product that has some utility.

If you are tech savvy, don't mind spending large portions of your free time working on your rigs and properly cooling them, you will have a fun project on your hands. Some people advocate away from people mining because an increase in network difficulty reduces rewards but i prefer an army of hobby miners controlling the network than a bunch of render farm giants moonlighting on the crypto networks.

[traderethereum]

im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it

It depends on whichever for you is profit.
15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.

thats per day dude wtf per month 20 on a D3 are u smoking crack ??

i think $20 per month is not too expensive for electricity cost but we need to have high end hardware and its depend on what coins want we mining. i think with gtx1070, you need to have more than only one gpu because if its only one gpu then you can not make any profit. if you have more money, maybe you can considering to buy hardware like L3 which currently mining ltc and you can visit on bitmain company to buy the hardware.

[bitcoiners25]

Yes it is profitable but I think you need to have high capital to get more profit and I think it takes 3 months for the ROI.

[LoraineLY]

Yes! It's still profitable.

I just started mining a month ago. I used to do trading before I finally decided to do mining. Yes, you need to build your own machines and you need to maintain them carefully. But if you can use the mining software with the best algorithms --- which can help you optimize the calculus power, it is still quite profitable.

PS. I'm mainly mining ZEC and ETH. If you are interested in mining, and if you are also interested in mining ZEC and ETH, you can write me a message, and I can share what software I've been using and whether they are good or not.

[Branko]

Yes it is profitable but I think you need to have high capital to get more profit and I think it takes 3 months for the ROI.

Which coin? Actually, do you know any coin with less than 9 months ROI?

[Cereberus]

It is still profitable but profitability is very little compared with what used to be. This comes from people from all over the world even third world countries buying GPU-s and started to build mining rigs since late last year when profitability was extreme for a GPU-s with ROI in less than 3 months. Things have changed and now if you ROI within one year you are a very lucky one. Not a good time to enter mining but if you want to try it no one can stop you.

Unfortunately one GTX 1070 will make you about 0.00032 btc in a day or even less when mining ETH or ZEC.

[BlomBaster]

Mining will lost profitable if try big company start mining. They will have low equipment price and can find places with a low price of electricity.

[ImHash]

Mining will lost profitable if try big company start mining. They will have low equipment price and can find places with a low price of electricity.

Hmmm, big try company did and are right now mining for themselves, AMD one of the major GPU manufacturers in the world already has the biggest ETH farms, they with other big companies are selling hundreds of thousands of GPU's every month. it is always profitable to mine if you know when to sell.

[Dodoymabs]

Mining will lost profitable if try big company start mining. They will have low equipment price and can find places with a low price of electricity.

Yes mining is still profitable as long as bitcoin is keep increasing.And be wise enough to buy mining hardware so that you can have a better profit.Think another source of electricity like solar power and calculate its ROI so that you can forecast your profit in it.

[UnknownX]

im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it

It depends on whichever for you is profit.
15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.

thats per day dude wtf per month 20 on a D3 are u smoking crack ??

hey man, you should definitely stop smoking, it's killing.
michaelyu5 was asking about profitability of mining with gtx 1070.

[blacktux88]

If you got power for free mining could be very profitable.
You could earn the coins for "free" and hold them until sky rocket....