Who is mining right now?

[reputationproceedsme]

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[grey007]

Mining top coins now to hard and low profits.
But little altcoins dont lose interesting. And when market will be a bul run you can take a profit.

[muthubabi]

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'm mining few coins using my laptop. But profits are very less. I think mining from CPU is waste of time. Try to mine from a GPU or mining machine.

[jacmaniac]

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

[alrose]

I have a farm for the etherium mining. However, because of the price drop, I had to turn it off indefinitely. Although I am in a region where electricity is not expensive, it is still not profitable to mine now. We will wait for the price to rise.

[Xianrenbanban]

Many of my friends around me have given up on mining because all the price of coins has fallen so badly, and the amount of bitcoin that can be mined is now decreasing!

[renemagritte]

I think it is time for coins to change from proof of work to proof of stake. Some new coins are doing it actually.

My friend was mining some altcoins but he said it is not profitable any more. But they may be mining for the future, when they will do 5x for example just a hope.
But if no one does mining, who is going to verify the transactions, who will keep the chain? We need them right now, and they need to earn something to continue doing it.

[Balmoon]

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)

with this market situation, I think that is the right decision, the last few months the market has not shown good performance, but the need to mine is always high, including the cost of electricity and tools for mining.

[Balmoon]

with this market situation, I think that is the right decision, the last few months the market has not shown good performance, but the need to mine is always high, including the cost of electricity and tools for mining.

[Valeri4]

Large industrial miners are gaining momentum, and private sell their equipment, unable to withstand competition.

[blockman]

How I wish to be a miner but they say it's no longer profitable and it all started when the hype of all time high is there and maybe people took the chance of becoming a miner.

But as the time passes, correction comes and price of altcoins that they have been mining decrease as well but the quantity of the coin they mine has increased. Strategy in mining is like in holding, you can hold for a very long time and wait until the value of your token increases but you have to wait and be patient during the low days.

[sehoon]

I'd still prefer doing bounties than mining because of the electricity consumption that increases whenever you mine using GPUs or mining hardwares. I think it is more practical to invest or do bounties at this point.

[sell my ac_________nt]

I read a lot of research and the main idea they have that today it is profitable to engage in mining only participate in the pool or having a large capital to invest in equipment.

[okocrypto]

I have not had a good experience with mining and this is the reason I try to stay as far as possible from mining. It might be working for others but for me, it is not an option of consideration for now.

[ALexJinky]

I have friends who are mining bitcoin and eth. They say they still have enough money to continue their work.
Although their profits are less, there is still hope in their work so they will continue

[WarQ]

Hi!

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

The competition is big, small ones sell their equipment as they are overshadowed by larger companies.

[bitekoin]

Mining top coins now to hard and low profits.
But little altcoins dont lose interesting. And when market will be a bul run you can take a profit.

Everybody is in the game right now. This makes it hard to make profits unless you have tens of thousands of dollars of setups. I think it's better to speculate or hodl rather than mine today.. Many coins mined die and you are left with huge bags, etc. Fake devs come in and copy paste coins from all algorithms, start a discord, own mining pool, premine and dump on poor people whenever their coins hit an obscure low-vol exchange. Rinse and repeat. 
Another thing not frequently mentioned is the very high number of bag holders from swaps, because its hard to follow ALL coins discords/telegram/medium/twitter to catch swap dates.
All these factors make it very hard to get a good coin. You are better of buying a coin or token that shows promise, like Elastos or Eterbase and watch the price go up.

[andrejka]

Hi!

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

Those who understand all the perspectives of mining in the future are mining right now as well. Because they don't take into account the price of crypto at the moment but just look at the bigger picture knowing that maximum in one year from now bitcoin and other cryptos will reach the new highs))

[iPannaPro]

Hi!

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

With each passing day, there are fewer private traders, and more are becoming large companies that do this.

[ooeygooeygold]

Hi!

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

Those who understand all the perspectives of mining in the future are mining right now as well. Because they don't take into account the price of crypto at the moment but just look at the bigger picture knowing that maximum in one year from now bitcoin and other cryptos will reach the new highs))

Yes, at present, it is unlikely that big coins will be available in the market because most of them are low value and very difficult. If I continue to mine, I think that miners should look for coins that have the potential to grow in the future and are now cheap but difficult to exploit.