is mining still profitable?

[kalymist]

Mine what is the most profitable, then convert to what you think will take the most value rate increase.

Then sell green, buy red.

Follow you instinct, the brain is very powerfull, never doubt about it

[Jaynykz]

Well for me i think mining is very profitable. As a new member of this organization i read alot about the cycle of mining here so i conclude that we need to go in mining to earn more.

[kalymist]

Still some kind of luck factor in every way.

Mining, trading, as long as your are not big enough to actualy control something, like market value or coin hashrate, then you have to follow and predict what the whales are going to do.


Both mining whales and trading whales.

Good that GPU and asic are like splitted as GPU can't compete with asic, but many coins are asic resistant, so small investor can get in and support the project mining it.

[Sir.bond378]

Yes, of course.. You can mining everytime. I think mining is a flexible job.

[Mike011]

People will say "it is not profitable", mostly because them got spoiled from the spring 2017 crypto boom and ROI that was in the matter of months. That being said, actual ROI these days is anywhere from 6-15 months (for the GPU rigs). This depends on what coins you mine and what you do with them. That is still one hell of an investment profit wise. Mine whatever coin gives best results depending on your hardware, dump these coins to btc when they reach nice to-btc-exchange-rate, sell btc once it reaches peaks = profit. Or you could hold the coins if you believe that their price will soar, however only the btc gives some (if any) assurance that it will keep raising in value.

[ranga71]

People will say "it is not profitable", mostly because them got spoiled from the spring 2017 crypto boom and ROI that was in the matter of months. That being said, actual ROI these days is anywhere from 6-15 months...

This is my view as well. In any industry, a <6 month ROI is insane. That's a no brainer investment. A 12 month ROI may not be as pretty, but that's still considered a great investment by most standards.

[Gameflip ICO]

It depends what mining. PoS is getting popular as there is no need to buy expensive equipment and you save much energy in such way. In terms of future perspective people will switch to PoS mining.

[BlockMedx]

PoS mining is gaining in traction because of the low barrier to entry (no need to buy mining equipment).  The most prominent PoW high cap coin that people mine that is still profitable remains Zcash

[kalymist]

POS mining, you mean, masternodes ?

If this is the new way, project should allow any wallet size to join the program.


I don't understand why masternodes has to be so big.

Only pre early investor are getting a good position, and not for so long. That just sux.

Might be way better if all small miners can help in masternoding.



Maybe it's just because it's better to have big strong amount of stucked money, so whales can play with value on market safely.

Damn, unfair, come on, lets make popular coin getting more value and support.


This whole ICO "I got a lot of money and I want more" privilege to rich people, + masternodes + asics ....

This whole crypto thing should be open to everyone.


Poor , rich , who is having fun ? kind of both.

[Mike011]

PoS will bring massing of the capital. Centralization and market manipulation. Small players get cut out. Sounds like a plan, huh?

[Kstudio]

I'm running a 980ti and 1080ti  overclocked. Not making much, around $6-$7 a day. But hey it's something.

[farmtester1]

Pos is a scam

I prefer pre-mine than Pos anyday

[crypt0naut7]

yes, still profitable.

7x gpu mining rig pulling in $200/month after expenses.

[tjrcrypto]

Yes

[freshstorm92]

hey guys, baikal A2000 200$ and Baikal x10, which one will be more profitable? very considering it

[crocozino]

yes, still profitable.

7x gpu mining rig pulling in $200/month after expenses.

mine 5 x 1080ti pulls me about $500 after expenses
i'm earning $4-5 from one card, so it is abot 20-25 dollars per day
my electricity bill is under $100 so you can do the math 

p.s. i never mine ZEC, ETH. altcoins only

[hah]

Mining is always profitable for people that don't need to pay electricity. It's all relative in the end, right now the alt market is crashing hard because of bitcoin. It might be much more profitable to mine some good coins and hold it until the alt market recovers then sell. POS is a good way to mine too, as in your electricity bill stays the same but profit can increase the more coins you hold or the more price goes up for the coin instead of buying more gpu or asic hardware investments to increase profit growth.

[freshstorm92]

in my country, the electric is very expensive.i just have 2 baikal a2000 and 2 rx580 mining machine, so now I am switching my attention to POS and Masternodes coins. could be a better way to earning

[CryptoBerd]

Depends on what coin are you mining.
In general, mining takes a period of time to get back your investment. If you are an impatient person, just buy.  You will feel that mining just takes forever.

[deepcryptomine]

I like mining for some reason. I only mine altcoins (not ethereum and zcash) that are relatively new. I am gonna hold them for awhile hoping it will get me something one day but most likely it will end up being zero. I do trade some coins that I mine and buy the coins/tokens that I think have a great future.

However to answer your question, I think mining is still profitable but it takes time.