MINING STILL PROFITABLE?

[lushlifing]

IS MINING STILL PROFITABLE NOW? SORRY NEWBIE HERE

[1714164032]

1714164032

[adaseb]

Right now mining is not profitable but it was profitable. It might be profitable again or it might not be profitable again.

[Regulater]

Right now mining is not profitable but it was profitable. It might be profitable again or it might not be profitable again.

It is definitely still profitable. Now if you are looking for 3-6 Month ROI you will not receive it but once BTC goes back up it will be back to 6 month ROI. When BTC was doing its run, it was 3 month and under ROI, but its back to the usual 7-12 month ROI, which is still great.

[edwardceng]

At this time still profitable for miner bought a GPU 1 year ago although almost all coins are a decrease. At this time, mining isn't profitable for miner purchasing a GPU with a high price and nearly all coins price are a decrease.

[Sevarchik]

Mining profitability depends from electricity cost.
If you have low cost or free electricity its allways will be profitable

[edwardceng]

Mining profitability depends from electricity cost.If you have low cost or free electricity its allways will be profitable

always will be profitable but is not yet profitable even have to wait for ROI first, although you don't have a problem with electricity cost. because of a profitable viewed after ROI not see low cost/free electricity although that one of a factor

[MinedTangerine]

Ofc its still profitable, just less then it was. A lot of people have unrealistic gready view on mining. Its not an instant get rich deal. But if you are methodical about it do your research and are in for the long term it sure is profitable.

For instance if you are mining now, do not sell anything you mine. Save it and sell when the prices are high. That way you basically mine at high profitability you just get paid by delay. Or you can mine new promising coins that still have low difficulty.

Lots of options you just need to put some research into it.

[bernike]

Thank GOD,...This topic that I was looking for, before I hesitate to build rig mining. But after following this topic I became more convinced that mining is still profitable. Thank you masters

[Jaycee99]

IS MINING STILL PROFITABLE NOW? SORRY NEWBIE HERE

Dont apologize we understand it you are learning bit by bit.

Well speaking from the charts of blockfolio and basing on what I studied, I would say yes, now its a no but later big yes. Want to know why? Its because of bitcoin is at 8,000 USD and when that increase you can earn and get your profits, sana as Ethereum so do not get lost with mining. If your not just into fetting bitcoins or ethereum you can Say it would rise as its now  profitable. When Market value increases miners will earn too not like if it down fall.

[xs.over]

Mining is dying

[edwardceng]

Mining is dying

yeah, miners need to hold a coins its a few time until mining is back to life and price all a coin back to the moon and keep the Rig to remain idle if electricity bill higher than income and keep patience to wait for ROI.or if some miners can't through this process, then they can sell RIG its, on eBay or Amazon.

[qwertyking]

ROI now is 2-3 yrs, depends on the price of electricity, yet still somewhat profitable (for me, not recommended)

[edwardceng]

ROI now is 2-3 yrs, depends on the price of electricity, yet still somewhat profitable (for me, not recommended)

just predictions, no someone truly knows what would happen with Cryptocurrency especially mining, example price of BTC, see the price history of BTC:

Date                                      USD : 1 BTC
May–June 2016                       $450–$750
July–September 2016              $600–$630
October–November 2016          $600–$780
January 2017                          $800–$1,150

Surprise, who would have thought the bitcoin price could rise sharply in a matter of months. So, that matter can also happen for ROI, can ROI next month or next years or 2-3 years or 10 years later.

Reference History Of bitcoin

.

[jimely0907]

now mining is profitable for me.. you have a patience in mining.. because i have mining rig

[huntingthesnark]

Mining is dying

Yep, so are we all. Universal entropy hat tip Nietzsche. Anyway, if anyones selling their 1080ti's cheap do let me know.

[shibob]

For me, I always mine coin for long term holding, so I dont spend much time on looking daily price. Actually, I have to sell a bit for electric bill each month, and some of my friends who already joined mining few years, they all said in some long and deep down trend, they even mined BTC without any profit.

[akirafes]

yep  profitable.

[Porticus]

depends on many factors, price of electricity, the market, price of equipment... but from my point of view it is still profitable, at this moment it is time to do hodl and wait for market recovery to come out even with more profits.

[Raja_MBZ]

Mine now and just don't sell in this bearish market. What I do these days is, mine and hold. There's just no way I'm willing to sell any of my crypto in this bearish market.

[ivakar]

Depends where you live, in some coin try with cheap electricity it is still barely profitable, in other countries it is already at wall socket level..
So i guess if you want to start mining it is not the best time now