Mining Profitable these days?

[AsJoshScreams]

I just wanna ask if mining is profitable these days because I'm planning to create a rig with 5 1070... any software recommend for mining?

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[dagarair]

nope

[Helios45]

nope

lol

Seriously, head to whattomine.com and you'll find if mining is profitable for your setup or not

[Helios45]

nope

lol

Seriously, head to whattomine.com and you'll find out if mining is profitable for your setup or not

[peopleupsetmeup]

I just wanna ask if mining is profitable these days because I'm planning to create a rig with 5 1070... any software recommend for mining?

Is actually it is profitable depending on the amount you have to invest in miners and if you pay no electricity

[gotminer]

I just wanna ask if mining is profitable these days because I'm planning to create a rig with 5 1070... any software recommend for mining?

Is actually it is profitable depending on the amount you have to invest in miners and if you pay no electricity

He's right.  It's only profitable if you pay no electricity 

[CarlOrff]

nope

lol

Seriously, head to whattomine.com and you'll find if mining is profitable for your setup or not

Be serious yourself : whatmine is completely false mathematics and the revenues are all overpriced.

[flip4flop]

Yes it is I dont know what everyone says it is not.  Do you have to spend alot up front? Yes.  Do you earn it all back overnight or in a month or two? No.  The time it takes to pay off your equipment will vary but can take up to 9 months or longer.  If coin values increase or difficulty decreases like what we are experiencing currently with Nicehash gone and miners making more money then your time to ROI is less. I am currently on pace to break even in 4 months with my rig due to mining coins I believed would rise in value and they did (GRS, VTC) and mining the most profitable at the time (ZEC).  Depending on your cost of equipment and your electricity cost you can estimate your time you need to mine to become profitable.

[gotminer]

nope

lol

Seriously, head to whattomine.com and you'll find if mining is profitable for your setup or not

Be serious yourself : whatmine is completely false mathematics and the revenues are all overpriced.

Honestly, every mining calculator that I've ever used has been on the low end when predicting profitability, but that's just my experience thus far.  Probably because everything has just been going up these days.  Numbers change, if XMR drops 25% tomorrow, the number you calculate in profitability tonight isn't accurate tomorrow.  The average is what matters.  The average for your rig.  Over a week, over two weeks, over a month.  Keep track of the stats and you'll be able to tell yourself how much money each card in your rig made per day over a period of time that you choose.

If you know your rig's energy usage stats (and you should) and know what you pay for energy (and you should), you can easily calculate that part by hand.

[preda]

reading the answers about not profitable mining and about whattomine i need to laugh.....

i have 4 rigs and this day mining is huge profitable even paying electricity!!!!!!

whattomine guess 90% what you will get.

[slanislaw]

Its profitable but don't forget ROI.

Expensive rigs take time to pay for themselves.

[GothicTauren48]

It depends on your location. In some countries, electricity is fairly cheap which would allow you to maximize your capital on your mining equipment.

[shibob]

If you ask this question 2-3 months ago, I'm not sure. But now, it's really profitable. Take a look at whattomine.com, then calculate the ROI by yourself, please make sure you set the difficulty a bit higher.

[sexycoin69]

Will bitcoin be worth double in the future? If you answer yes then yes mining is amazingly profitable. Most rigs payoff in one year without any luck or changes.

[GothicTauren48]

Mining altcoins is still profitable, but mining bitcoins I think will do no good to you. Try to choose altcoins that you think has a btight future ahead.

[Metroid]

Mining is pointless right now cause volta is just 2 or 3 months away and volta will blow everything away, plus compared to holding mining is not as much as profitable cause few months ago if you bought eth or zec then now it increased almost 200% and mining would give you just 10% plus all the trouble. The only winners right now is holders, miners and sellers are losers.

Buy eth and hold and enjoy profit doing nothing cause i think eth will jump to $2100 soon, that will be an easy 200% profit.

[gotminer]

Mining is pointless right now cause volta is just 2 or 3 months away and volta will blow everything away, plus compared to holding mining is not as much as profitable cause few months ago if you bought eth or zec then now it increased almost 200% and mining would give you just 10% plus all the trouble. The only winners right now is holders, miners and sellers are losers.

Buy eth and hold and enjoy profit doing nothing cause i think eth will jump to $2100 soon, that will be easy 200% profit.

200%?  You mean 800% don't you?  We all see it ... Those Voltas are going to be bought up by China and you'll have to pay 300USD in fees every month to China just to mine.  It's getting crazy out there.  

It would be better to mine coal right now.

Honestly though ... Nothing that NVIDIA will ever put out will be as good as AMD.  NVIDIA is more for the gamer, not the miner. 

[Vann]

Right now a six card RX 570 4GB Rig is netting you 0.75 ETH a month for ~$50 in power costs, so hell ya it's profitable.

https://www.coinwarz.com/calculators/ethereum-mining-calculator/?h=174&p=600.00&pc=0.10&pf=3.00&d=1783144999706940&r=3.00000000&er=0.04338100&btcer=20528.35000000&hc=2000.00

[Metroid]

200%?  You mean 800% don't you?  We all see it ... Those Voltas are going to be bought up by China and you'll have to pay 300USD in fees every month to China just to mine.  It's getting crazy out there.  

It would be better to mine coal right now.

Honestly though ... Nothing that NVIDIA will ever put out will be as good as AMD.  NVIDIA is more for the gamer, not the miner.  

Well my math works like this, right now eth is $820, so 200% means $820 + $820 + $820 = $2460.

About nvidia, the titan v 12nm is volta and cost $3000 and is available right now and it can mine eth at 82 mhs, which means, expect lower versions to get speeds like 50 to 70 mhs.

I guess nvidia changed something concerning mining, nvidia wants to be competitive x amd about mining, reason why the titan v 12nm is doing 82 mhs.

[jbombfb]

NOt at all, hard to obtain parts and to optimize to get a revenue which gets exponentially harder, mining is for already settled people and some lucky individuals in some countries