Mining still profitable?

[davemanet]

just looking at supply of gpus now tells it all. it's easy to get gpu now meaning nobody buying gpu's to mine anymore.

[1715398519]

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[1715398519]

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[CjMapope]

Mining is still easily profitable, it's just like anything, you need to try to keep all your hardwear on the top of the tech ladder for best efficency and hashspeeds
I believe anyone under 0.2 c per kw/h is still making money, and rest assured most are ROI now on 10 series purchases, dammit we have had them 15 months haha
0.1USD kw/h and under, profits are still 70/30 if not better

[klintistwood]

I'm making around 12$/day with GPU and no paying electricity, it's not such a bad deal. GTX 1080 are not good cards for mining if you compare price vs ROI.

Anyway, is there a reliable calculator for asic?

thanks

[dx_twisted]

Is mininG still profitable these days and which coins are mainly mined except for bitcoin and bitcoin cash etc.

How much can one mine a day based on rig and cost?

These may be stupid questions but appreciate any help.

1. Yes, definitely, mining is still profitable these days.

2. Choose the coin that you want but better prefer on a low mining difficulty as you can harvest more coins rather than the known ones.

3. Still it depends, depends on the current rig/equipment that you have: If you only have CPU than choose a coin with algo: Cryptonight, if you have a GPU or planning on setting your own mining rig you can go with the known ones.

4. Again the profitability of it will depend on your mining rig and the coin that you choose to mine. Google is your friend here so better research about it, and people here share their own rigs and current mining experience.

[binkyj357]

@klintistwood what/how many GPUs are you running for that $12/day? Just curious.

[onesalt]

When you think about the cost while mining, and possible expenses for GPU etc, it is not profitable.

[klintistwood]

@klintistwood what/how many GPUs are you running for that $12/day? Just curious.

I have 10 GTX 1060

[klintistwood]

When you think about the cost while mining, and possible expenses for GPU etc, it is not profitable.

Not in 1 month no but within one year, it still is profitable and without taking value increase into account.
With a 2.5k rig, I would need to make 1 ETH / month with an average value of 250$. Today ETH is at 300+ and is expected to grow. Difficulty will rise but big bumps are out of the way for one year now.

[quochuan29]

I will not soon, buying a new ring now is not a good idea.