Who is mining right now?

[kahlerr]

Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!

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[Cryptodiscuss]

I'm out of the mining 4 months now. I could make some more profit then, but I decided to sell my rigs, and I got much better price than I could get now. Im also interested is there any profit at all in mining (Im interested to know about altcoin mining eth, etc, zcash)

[Jaycee99]

Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!

Mr. or Ms. OP I would like to first say that I am not miner and not mining right now and not into it "yet" but I had studied the basic how mining works.

So, your a newbie? just guessing.

Now I would say that mining it not yet good right now. When the market it low your dead but when it is high your good. Still if your interpretation of earning when the market is low you will not earn daily with good amount of price you are wrong, you just need to hold it and wait for the price to get up so the value will rise.

[kahlerr]

I was mining when it was profitable but I've sold it during winter. I am just wondering why people ares till mining...

[FlamingFingers]

People are still mining because:

1. Without mining, there won't be any new 'issued' coins that use Proof-of-Work consensus such as Bitcoin;
2. It is still profitable. Large mining farms have already paid their worth during cryptocurrencies bubble. Now, miners who own those farms are only paying for maintenance and electricity (a few miners even produce their own electricity);
3. People who started mining recently and put a hefty initial investment, and want to break even;
4. Companies that are based on mining cryptocurrencies.

Although I have a high electricity price per KWH, I used to mine, but I stopped since the beginning of summer because when I turn that GPU on for 24 hours, I feel like I am in a furnace being cooked slowly.  

[kahlerr]

Yeh, I also used to mine in my house. I've sold them at the end of winter because of this. I was lucky I've sold them at a good price

[pri3oner]

I ask the same question. I dont have acquaintances who mines these days but I heard that it's too hard right now.

[batang_bitcoin]

Ask this on Mining (Altcoins) or you can move this thread there.

[investblog]

I ask the same question. I dont have acquaintances who mines these days but I heard that it's too hard right now.

Same people have free electricity that's why they will use mining for a long time. But even you have paid electricity mining still profitable. Litlle profit of course but it is.

[kahlerr]

Ask this on Mining (Altcoins) or you can move this thread there.

I am not quite sure how to move the question there

[krm4700]

According to the old mansion has become much more costly now it is hard to earn it for those who do not approach mining everybody more focused on buying.

[ivull]

anyone can mine and still not mine at all

[RasicaOla12]

Anyone can dig up a mine if they have the equipment for a while and moreover they love the digital world as well as they have the time to participate in mining and they can be men or women who have jobs or are part time they can participate in mining

[Rhosadah]

now the cost of electricity is very high in my country, and for the mining community it is difficult to get profits from mining.

[sureshnsnet]

Best way to mining is altcoins because of now days we can not mining btc due to high hashrate, so we get good profit from the alt coins mining like eth, etc, zcash, and more.

[Scott Evans]

Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!

I think that this is the best time for mining. The level of difficulty of mining is considerably reduced.

[tronghoa]

I think the miner in China still mining BTC right now because they want to and they have to do it. BTC is still the best coin for mining with them. Although they could mining altcoins but I don't think people spent alot of money for buying hardware to mining BTC want to change to altcoins.

[xIIImaL]

Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!

I am getting free electricity here so still I mine with the 2 rigs I own in my room. People whoever mining with the farm and paying electricity will be pay the excess money than they get as a income now. They will be force to exchange their coins for sure.
Finally result will be loose only no profit at all buddy, kindly ignore mining this time and invest on some altcoins which has potential to grow more. So the profit better than mining will be reach to you.

[Cryptodiscuss]

People whoever mining with the farm and paying electricity will be pay the excess money than they get as a income now. They will be force to exchange their coins for sure.

From this we can conclude that miners are those who dump all their coins so they can pay electric bills. It makes sense, they are fighting for their life, especially those who came in the game last year when equipment was expensive and potential profit huge.

[Haoque89]

Digging bitcoin are the miners they are having the investment and take the time involved to dig the bitcoins as if they dig a bitcoin they can get bonuses after digging the coin.