How profitable is cryptocurrency mining in 2018

[kaizerblitz]

It is good to invest in mining so far miners have a lots of potencial if you mine now.

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[maxamus]

It is good to invest in mining so far miners have a lots of potencial if you mine now.

Yes mining is really profitable and at the same time it provides you a guaranteed passive income just like signature campaign as we have to apply for signature campaign which is in great demands now a days but mining is not like that because here at mining once you set it up you just have to monitor it and don't have to bother about looking for other campaign once the existing campaign comes to an end.

[sakokinak]

With the down trend in all cryptocurrency, how profitable is mining?

I do not think it is profitable now. Hardware for mining is too expensive as well as the electricity. However, it depends where you live. I’d stay away from mining as too must should be invested into this business before you start getting some profit.

[lekam0213]

It is very profitable in a sense that you are likely receiving a monthly salary as long as you can afford to buy high tech computer that could carry mining tools to avoid over heating and damage your computer and a debt for electricity.

[ico41]

I think that mining crypto currency is a pretty broad topic.  That is, mining can be extremely profitable when the coin, the timing, and the hardware all line up.  An example is what just happened recently with the Bitmain A3 and Sia.  The rig was manufactured for a pretty narrow set of algo's and then the first batch hit, miners were making as much as $500 per day for a machine they paid a few thousand dollars for.  That went downward pretty quickly as the hash and difficulty soared. 

And those that suffered delays for the delivery of the machines found themselves just a wee or two later making $40 a day!  In two weeks ...

So the combination of the all of the factors make the difference.  I think it probably takes more work keeping track of options than it does configuring, installing and keeping the equipment running.  If you drop into Discord servers for coins and visit the #mining channels you can get a sense of how much time it takes to efficiently run mining equipment. It's not a "Set and forget" kind of thing.  I thought it would be - but it's just not. 

One interesting trend are the masternode coins that are flash-in-the-pans.  If you are quick enough you can jump in, point a rig at a new coin that looks like it might last as long as a month, mine it when the difficulty is low, wait for it to get listed on MN sites, CoinMarketCap, and exchanges and cash out on the bump. Then point your rig at the next one.
That's just one strategy - there probably many more.

Also, it matters how you define "profitable."  There are a lot of people who find mining just plain fun.  Running something that throws of a "payment" - some people just like to see the coins flowing into their wallets without having to transfer USD to an exchange, pay for the coin, etc.  Also, some people like to tinker around with hardware stuff like a small engineering project.  There's something to be said with playing around with equipment, and then tweaking the software to make it run better.

So yeah, I think with the proper attention mining will be profitable in 2018.

[trickyriky]

With the down trend in all cryptocurrency, how profitable is mining?

In case if you already own good equipment for mining (I mean ASIC, for instance), then you can mine. Buying new hardware will need great investments, and the profit (at least good one) is not guaranteed.

[AleksandrKosov]

There is an excellent online resource where you can calculate the profitability of mining: http://whattomine.com.
In 2018, the payback from asics for bitcoin and litecoin was about 9-11 months throughout January. Depends on the price at which you buy equipment. On the video cards you need to count. I was not interested in video cards, so I didn't follow them ROI. Now the cost of asics has fallen. Who had plans to start the mine, now is a good opportunity for this.