Is Cryptocurrency Mining still profitable?

[Hibiscea]

I will like to know if Crytopcurrency mining is a worthy investment in the long term or if it is just a waste of time. Though For some cryptocurrency fans, mining just to break even is a good thing because they see it as a way to add value to the cryptocurrency Ecospace.

Please SHARE your ideas on profitable Altcoin Mining or what you think about cryptocurrency mining in  general.

Mining was very profitable in the good long days when you could mine Bitcoins using your PC but now with the mining diffculty increasing so much I don't think so if you are thinking of getting into the mining now it might be too late for you. 

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[lordvek]

Mining of WHAT makes around 90% of the answer.
If you watch out for new coins and mine them from start even with a modest rig, you can get
much more profit than mining the mainstream ZEC/ETH or something.
Or you may just waste a lot of time and get nothing, cuz the majority of
new coins are scamware.

[Taner]

Nowadays mining is not as profitable as an year ago. Conditions are changing, difficulty and costs are increasing, and revenues are not the same. Other destinations like icos are more profitable.

[dinhthisa54]

Yeah I think if you known it very well so Cryptocurrency Mining still profitable. But you are beginer i think you should find the technique and
accumulated experience.

[sundownz06]

I've got my setup tuned down on power (doing Lyra2z) and still doing ~2x electrical cost.

[Sarobeat]

Miners are needed, miners are important! Despite the already large amount of computing power involved in the mining of crypto currency, you can still make money on this. Largely due to the fact that not all miners are looking for or are involved in the production of new altcoyins, since they are skeptical about them. 
Thus, to earn with minimal investment, you need to spend time looking for promising projects. Well, if you invest big money - you need to be prepared for a long payback and much more deeply understand the issue. I recommend starting simply with my computer to understand the main aspects. Then, if the experience is positive, you can invest. 

[Shame_Game]

I am very interested in this issue. According to my calculations, it turns out that now it is more profitable to engage in trading and investment. But if altcoins rates will grow tenfold, then mining is more profitable.

[xxcsu]

I will like to know if Crytopcurrency mining is a worthy investment in the long term or if it is just a waste of time. Though For some cryptocurrency fans, mining just to break even is a good thing because they see it as a way to add value to the cryptocurrency Ecospace.

Please SHARE your ideas on profitable Altcoin Mining or what you think about cryptocurrency mining in  general.

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ? WHAT IS THE MOST PROFITABLE COIN TO MINE"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money and time !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
No one can tell you what is the best coin to mine !
No one can tell you what is the most profitable coin to mine! Coins profitability always changing, what is best to mine today, maybe going to be the worst to mine tomorrow !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later,  tomorrow, next week,  months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not  
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...

! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !

[philipma1957]

MyEtherWallet

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

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phishing link don't click

[Comino]

There are plenty of topics here that have thousands of comments which would help you find the answers to your question.

Profitability depends on many factors:
- your rig: hashrate, stability, power, mining algorythm, GPUs, number of GPUs etc.
- electricity costs
- cryptocurrency prices are swimming back and fourth, and daily profitability numbers change.

But yes, in general mining is still profitable. Much slower, with less outcome but still stable.

[Justinalex]

Of course it is profitable, Mining will be very profitable if the coins you get are valuable and you have to have your own predictions about the coins going up or down, and there are some that need to be taken into account, such as electricity payments and initial capital for your hardware as well. thank you

[0ethereum0]

buy a good asic if you dont know how to handle a gpu or if you dont have time to handle to gpu

[terrific]

Of course it is profitable, Mining will be very profitable if the coins you get are valuable and you have to have your own predictions about the coins going up or down, and there are some that need to be taken into account, such as electricity payments and initial capital for your hardware as well. thank you

That's right, mining is still profitable considering the electricity is cheap in some places so they won't stop.
But as the market goes down and the value of the coins you are mining are going down as well.
It may not be profitable if you will calculate the daily basis but if you just mine and hold, that's profitable.
And you are shouldering all the expenses for the meantime.

[Neofito89]

I will like to know if Crytopcurrency mining is a worthy investment in the long term

Yes,

I bought almost all my rigs arround 2016 until now still mining.

or if it is just a waste of time.

Yes,

If mining use CPU and Mobile Phone.

since you are a veteran, I want to ask you how many times did you had to turn it off because of light price? l wonder if is normal this month is not profitable for me (mining since jun 2017) but it will be ok later on, or is a signal to drop it.