MINING STILL PROFITABLE?

[veleten]

mining is always profitable,it is all the matter of HOW profitable
ROI can be different,ranging from 3 month (or even less) to 3 years and more
at the moment,it is not very profitable to get into mining,especially with GPU's and CPU's
average ROI is over a year for GPU's and almost two years for CPU's
the lower the price is going to drop,the more time it will take you to return your investment,so do not start unless you are able to hold coins long enough
to sell them at a higher price and get some good returns

[1714794839]

1714794839

[Ayuluv2001]

so far not very profitable for me if i were to sell the coins now.. so i hold it until it valuates in future.

But currently only using 1 x gtx 1050 ti + cpu for ETN

[Wipro]

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.

I see that other thread has been created in this same section for saying mining with GPU will not work hereafter but you have said that it is still profitable bro. Hope your answer would work better than anything.
When the time most of the top crypto currencies dumped, you will find the difficulty on the concern coin.

Choose the right algorithm which is profitable now then go with that there are many profitable has been launched from the Zotac recently as I got the information. Get it you may get more than 50+MH on mining ethereum.

[ciciteng]

It's really depend on the mining rig(s) that you have.
If you have high-end mining rigs or even investing in ASIC mining rig then yes it's still profitable but with a very small/ close margin and your ROI will bit longer.
Even the monsters-rig like the new release X3 from Bitmain and Baikal N series will be not profitable as they advertised since they're all will be dead on arrival.

[Ultegra134]

It's still profitable but not as profitable as it used to be. It also highly depends on your electricity cost and your hardware. If you already own a computer which could be used, you're solid. If not however, building a rig currently is a risky investment, GPUs are still expensive due to miners and their high demand. That translates into you needing months or even more than a year to break even.

[Sledge0001]

Mining is still profitable if you research the best coins to mine with your specific hardware. Even with rates up to $0.20 / Kwh you can still be profitable although 5 months back the mining profits were much better. Getting your money back may now take you up to 2 years with current mining profits so it isn't as lucrative as it may have been in the past but if you believe in buying and holding the coins you may benefit in the long term.
 
I personally wouldn't be buying loads of GPU's right now unless they were NEW and dirt cheap and I mean below retail value...

Mine on!

[qwertyking]

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

.

dude what I mean here is the instantaneous rate, not predicted

[Raimy]

I feel that mining is indeed profitable. I think as long as my earnings are greater than my electrical costs than it is ok.

The bad feelings by many on here are probably due to them overpaying for their mining gear and they are too focused on looking at the short-term. The way I feel you basically invested in mining gear in order to "buy" coins and a less than market rate.

This is still true as of today, where you gain more coins for your $$ by mining than you do by buying them directly. Since the only reason to invest in a coin is that you feel at some point in the future the price will go up, then by that measure mining is still profitable.

[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.

I see that other thread has been created in this same section for saying mining with GPU will not work hereafter but you have said that it is still profitable bro. Hope your answer would work better than anything.
When the time most of the top crypto currencies dumped, you will find the difficulty on the concern coin.

yeah, I bought 1 year ago  6x RX 480, 6x R9 290, 6x 470, 3xRX 580.mining in ETH/ETC coins, The payout from Pool Ethermine per 2 days. I still profit after electricity payment (in my country) even I can buy one RX580 per 50 days

[edwardceng]

dude what I mean here is the instantaneous rate, not predicted

ok, Now change prediction, so instantaneous rate. still, nothing guarantees that instantaneous rate 2-3 year, that could also happen 1 year or 4 years or 10 years. the points its can't prediction instantaneous rate because of on ROI influenced by many things.

[Ajiloveyuyun]

if you have not started mining better you are waiting for the G20 world government decisions. which discusses the continuation of crypto ..
world governance is very influential in the world of crypto, so you wait for the decision, if they allow you to open the mines, if they do not support crypto then you better discourage your intention to start mining.

if you open the mines with VGA / GPU you better read news tentmin bitminer / machine engine specially designed to mine, if they remove the device en masse, you better stop your mining with VGA card / GPU.

it's just my advice

[Digital Drug Lord]

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

.

dude what I mean here is the instantaneous rate, not predicted

Surprise crypto is one big pump and dump

Every coin that comes out is made to pump and dump via master nodes and mining

The only way if mining becomes profitable is if Bitcoin is ARTIFICIALLY PUMPED UP TO late 2017 levels

Until then your 1080tis will struggle to make$1

[GamingInAsia]

ROI takes a long time especially with the skyrocketing GPU prices

[Porticus]

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.

I agree whit you, need hodl to make good profits in mining at this moment

[Peeps]

Pay electricity bill on time.
For the rest, keep on mining and hodl.

[pickleburglar]

hodl only makes sense if you can hodl for the next ~2 years. Get real guys, we're not going to have another bubble while this one is still bursting.

[lunobird]

Get asics. They been dropping in price and pay out more. Problem solved

[pickleburglar]

ASIC sales are designed to be profitable only for the sellers, if you make anything off them its just pure luck. ASIC manufacturers make most of their profit by mining themselves and only sell their old units to maintain the illusion of a distributed network.

They know exactly how many units they are going to make or when they come out with newer models so they fine tune the sale price to precisely what the unit would have made if they just kept mining with it - in other words, they set the price where they think people are going to barely break even.

[junpao]

mining is profitable , if you have a good set up in your pc , but for me its too expensive ,and it takes times to sell what you have mined. ive tried mining but , it gets more of your time , you need to watch it every now and then , and if you also have a poor connection its nothing ,. and you need a good set up or else you cant mine good . and pc might get over heated , if your place is not cold ,.that just for me ,. we have a different mind set.

[practicaltexan]

Yes it is profitable.  Will it be in the future.  Don't know.  ROI for me is 11 months left if prices stay stable and difficulty increase doesn't spike like it did dec. - mar.  2018.   

If the price goes up to 11-13k.  7-8 months.

If you haven't bought a miner yet.  Don't.  It's risky. 

Take the l3+ mining stats
December 2.5 LTC
March 1.6 LTC

I expect my L3+ to make less than .4 LTC per month by December 2018. 

At today's prices thats just a little over the electricity usage.  $57 (at a .10 kWh rate)

If it goes down below $140 and stays there till december.  well....poop.