is mining still profitable?

[cuteman]

I would suggest mining Bitcoin, as it looks the most stable and steadily increasing token.

[cuteman]

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not  Grin
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners

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- not my words but i agree with this

[mackley]

Yes! Mining is still profitable and you're not late to start. But, if  you want to get rich faster I believe trading is the key. Some of my friends were started from mining later on they start trading and now focus on trading. There mining rig is still there but their priority now is to trade.

[Washball]

Unless proof of work completely disappears there are bound to be new inventions in new mineable coins. And those could become valuable.

[xplod6k]

You must do a lot of research first... profit depends on lot of factors including your investment, electricity cost in your area, the coin you want to mine , etc.

[mhcd]

It always be as long as coins are alive

[michaelyu5]

so cloud mining is better than getting a mining rig ?

[Marvell2]

yeah i ordered bitcoin miners from bitmain, but the recently raised thier prices so no more orders from me for a while

[michaelyu5]

thanks for the answers guys will do try to keep it in mind

[plku631]

my answer will be yes。
A lot of profitable coins are not on whattomine. Do your own research and those little gems will pop up every now and again

[kalymist]

my answer will be yes。
A lot of profitable coins are not on whattomine. Do your own research and those little gems will pop up every now and again

True

Lots of thing to understand about the coin cycling life

[Ai7xpressTV]

It depends what you want to mine. I only mine currencies early stage to get as much rewards as possible.

I prefer currencies where I am optimistic that it will increase in price and marketcap. No BTC or ETH mining here.

[ROFLED]

It depends what you want to mine. I only mine currencies early stage to get as much rewards as possible.

I prefer currencies where I am optimistic that it will increase in price and marketcap. No BTC or ETH mining here.

It's worth it if we drop out time to rise mined coin?

[namelessaaa]

Still profitable if you just care about electricity bill.
But if you want to buy new card, you need to think about more things.
Maybe buy some coins and hold is a better choice.

[quarl]

Still profitable if you just care about electricity bill.
But if you want to buy new card, you need to think about more things.
Maybe buy some coins and hold is a better choice.

I totally agree with you mining the good coin with no electricity it s better.
You take a risk it s still a gambling you ve to be aware you can loose you investment...
It depends now how much it worth it.

[Washball]

It is still profitable, it will cost you just a little bit of electricity. Some coins could have a real price explosion and can generate good profits. You will have to do some speculation, but you could make it profitable for sure. As long as you make the right decisions and mine the right coins.

[Oakey22]

The profit has gone out the market like it was at the beginning of the year. That was just incredible for mining and a lot reinvested that money back in to mining at the right time. Now they have hundreds of gpus

[pia19]

Yes it still profitable if you carefully planned it before you start. Mining cryptocurrencies is a very slow process but its the surest and safest. You have to consider a lot of factors before you start mining. First, you need to set up a computer with a powerful mining hardware. Do a research on what hardware is the best to use in mining. Second, you have to look for a cheaper source of electricity. The cheaper your electricity cost, the more profit you will have. Third, choose the right coin to mine. Not all coins are worth mining. Read some news on trends about crpto coins that is good to mine. And lastly, you need a lot of patience because its a very slow process.

[Nebell]

I have mined since mid June and have mined about $3000 so far in altcoins. I have not invested any money except about $3000 into my mining rig. So I've hit hardware RoI. That is excluding electricity cost which is quite high but I'm not the miner who immediatelly sell his assets. I am a holder, so RoI doesn't really apply to me here.
And I'm still mining. I'm going to mine for another 8-9 months or so and hope that my coins go up 5-10x which is perfectly possible as I'm mostly holding Waves, NEO, Shift and a few others I believe in. Let's say I mine about $5000 more in those 8 months, total being about $8000. Now if in 10 months my assets go 5x I will have $40.000. That about my yearly pay... so yeah I feel that mining is still profitable.

[5moke]

it is by no means as profitable as it used to be.

but if you want to collect coins is a nice hobi.

mabe wants some times a coin grow up