Mining ETH or other coins. Is it worth nowadays?

[kukelka]

it is best to ask this (move the topic there) in the mining board: https://bitcointalk.org/index.php?board=160.0 and start reading some of the topics. also make sure to check out some calculation websites such as this one: www.coinwarz.com/

what i know is, at the end of the day your profit comes down to a couple of things:
1. costs such as electricity bill and maintenance if it is required.
2. the initial investment which is buying equipment (mostly regarding ROI)
3. which is the most important: your ability to switch from coin to coin.

i believe it is best to always mine the most profitable coin. and since altcoins are pumped a lot sometimes mining one is a lot more profitable that mining others. also you should consider the mining pool fees. sometimes they are not free.

Before you mining! You need to check:
1. costs such as electricity bill and maintenance if it is required.
2. the initial investment which is buying equipment (mostly regarding ROI)
3. which is the most important: your ability to switch from coin to coin.
All info carefull to get profit!

thank you. In my country, electricity cost is almost lowest in the world so its big PLUS.

[Sniar]

Unless you have very cheap electricity I am not sure you can make a profit mining nowadays. Also consider the future perspectives of the price. If we are entering in a bear market and you are starting to mine now, you are basically ruined. It happened to me in 2014.

He can make a profit nowadays but it requests a HUGE investments in start up capital. Literally to build a mining farm. On the personal computer it doesn't seems like a good idea thou.

[djmuler]

I started mining a month ago, maybe its expensive, not so profitable but 4 me its a good starting point to enter the cryptoworld, it forced myself to invest time in learning everithing and in log term i think it will be profitable becasue, you can make profit and if you gets bored of monitoring your miner, you always can sell it, recovering most of your invest.

[Stormspirit]

Just runing masternode coin, masternode give you worth then mine I think.

[kukelka]

Just runing masternode coin, masternode give you worth then mine I think.

i have heard something about masternodes. but doesnt it require big investments?

[ghost424]

Mining is profitable after a long time. Because you need to buy a proper mining rig which will be efficient and will let you utilize it's full potential. ETH based tokens and other alternate coins that has and will have value's in the future is worth mining because you will never know when their prices will have a sudden increase.

[bulbolitobayagyag]

Hey guys,

I am planning to start mining, but not sure if i am too late or if it's worth to jump in.

Can somebody who doing it already give some info about best part's to buy?
Or maybe share some useful info from your own experience?

More info, more better.

Everyone wants to break even as fast as possible, but maybe there are some not well known techniques/methods to speed up ROI?

Thanks in advance

Most of the GPUs that are good with ethereum mining arent future proof because if ethereum will switch to POS or Proof of Stakes your mining rigs will be useless because they are created just to mine ethereum,I suggest you look for another coins to mine to a lot of research im sure most of the miners here in bitcointalk will have a good answer to your questions.

[Anthony007x]

If BTC drops below 3k dol, then digging will not be profitable anymore, right?

[maiden]

yes it is, the price of eth and other altcoins are growing nowadays, but if its price drops, then you have to face the consequences that you will lose enough income. but the price of altcoins are volatile so expect the dump, and also the pump.

[coinmgnet]

Hey guys,

I am planning to start mining, but not sure if i am too late or if it's worth to jump in.

Can somebody who doing it already give some info about best part's to buy?
Or maybe share some useful info from your own experience?

More info, more better.

Everyone wants to break even as fast as possible, but maybe there are some not well known techniques/methods to speed up ROI?

Thanks in advance

I am going to put the very conclusion in your hands and from there, you decide if it's worth mining or not.
As long as the market goes up, mining is not a good deal.
You should mine only when the market doesn't go up, when it's never going over a certain value. That's the moment when you should mine. If you wish to gamble, then gamble.

[khaled0111]

It is never too late and we will always need miners to confirm our transactions.
My advice is to diversify and choose different coins to mine depending on the profitability since it changes every day, you can use an online profitability calculator to help you choose which coin to mine.
Build your own rigs to minimize costs, you can find many tutorials talking about how to build rigs.

[beggo]

I feel like it is worth it. It depends on how much your energy cost is though because mining takes a lot of your household energy costs up. If you can make more than what you need to spend, then yes it’s worth it

[jrrsparkles]

Yeah,mining is still worth to so,because there are lots of crypto currencies are available to mine.But mining ethereum maybe not profitable that much because the difficulty level is high.
So you try mining other coins it is a good source of steady income,I think mining XMR maybe a good option because the price may increase in the future so you can mine it now with GPU mining.

[shimbark123]

I believe that this post should be in altcoin mining. But yes it is still worth! Many people are mining eth and bitcoins nowadays and many more are still counting! But right now, you should mine ETC. Because in ETC there is no mining fee needed.

[zhekinsp]

Yeah,mining is still worth to so,because there are lots of crypto currencies are available to mine.But mining ethereum maybe not profitable that much because the difficulty level is high.
So you try mining other coins it is a good source of steady income,I think mining XMR maybe a good option because the price may increase in the future so you can mine it now with GPU mining.

You are right,mining ethereummaybe not profitable when we compare it to the other coins due to its difivulty level so we can mine other coins and can convert it into ethereum if we want.And there are hundreds of altcoins are available to mine so we can choose them based on our hardwares,but mining the shitcoins maybe not worth so mine some potential coins to make our investments worth.
There are other factors also plays a role in profits,the electricity bill is imporatant in mining so if your country has cheaper electricity then you can have more profits.

[rudolfaxl]

Hey guys,

I am planning to start mining, but not sure if i am too late or if it's worth to jump in.

Can somebody who doing it already give some info about best part's to buy?
Or maybe share some useful info from your own experience?

More info, more better.

Everyone wants to break even as fast as possible, but maybe there are some not well known techniques/methods to speed up ROI?

Thanks in advance

There is only one way to increase ROI. First of all you need to determine the undervalued coin which is not pumped a lot yet. The next thing is to HODL it until the pump. I use this way.

[cryptomeo]

i agreed, try ETC mining to  . Now is the best time to start ETH mining , the price is expected to increase overtime. Mining is always the best long term strategy to get new coins. Good kuck.

[dimon01]

It depends on many factors : what coin to mine , what hardware to use , price of electricity , price at wich you are able to purchase hardware , possible risks , etc. Also , there are a lot of different algorithms in mining and a lot of them is profitable , only if mining using ASIC's . Nowadays , mining can give profit , or may not . So , you should perform an in-depth analisis before purchasing any hardware , or it could be unprofitable for you

I think that in the case of mining, the risks are too big when compared with trading. Mining farms cost a lot and sometimes can not even pay off in the end. In addition, now there are more and more coins that do not need mining at all. I would not advise even to begin..

[btnt8888]

Mining some other coins can still be "worth it." Easiest way is Nicehash because it auto optimises, and it is selling your mining power, the difficulty of coins does not affect.

[tsaroz]

If you can easily switch crypto to fiat and the electricity cost is lower, you will have a profit.You can start with low capital to play around. You can ask others to assemble the graphics card to the motherboard.