Ayobami99
Copper Member
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Activity: 617
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The wonders of the blockchain technology
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August 25, 2018, 04:59:49 PM |
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Is it worth mining any more? if so - which is the most profitable coin?
I don't really see mining as profitable for individuals as before especially with new hardware influx in the industry.... Unless you have the latest miners like ASIC 7NM which us 2018, you may not be able to earn as much unless you have mining rig...
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jeungo
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August 25, 2018, 05:27:02 PM |
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At the moment, the usefulness factor of making coins to be at a very low level, I would not say that it is currently profitable. But it is possible if the electricity for you is a penny or even free of charge, then for 1 year you can still win a little money.
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Aligab166
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Activity: 194
Merit: 1
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August 25, 2018, 05:29:32 PM |
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Is it worth mining any more? if so - which is the most profitable coin?
Mining to me this days is no longer a profitable business. Maybe in the earlier time of around the year 2010, mining was very profitable. There were more coins to mine with few miners and low price.
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tantra007
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August 25, 2018, 05:47:28 PM |
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i think no, many miners take pension at this time. diff growths significantly, many coins down so fucking deep. that makes mining isnt worth anymore. except you wanna invest BIG MONEY to mine
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anobtc
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Vietnamese Translator™ https://goo.gl/7inMji
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August 25, 2018, 05:50:10 PM |
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Is it worth mining any more? if so - which is the most profitable coin?
This time I cannot say that mining is profitable. It takes to a year or more to get your return, faster or slower by the electric power cost in your country. Or try your luck by mining the coin which has low diff, and hopes its price will increase.
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trumper
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August 27, 2018, 07:59:45 PM |
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You can find most profitable ones on mining calculator sites like https://www.cryptocompare.com and it may worth or not depending on your choice of coin and equipment.
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Fredrosam
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Activity: 350
Merit: 4
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August 27, 2018, 08:00:36 PM |
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Is it worth mining any more? if so - which is the most profitable coin?
i do not know how long mining is going to be popular as there are a lot of boring and difficultthings and disadvantages in it
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grendel25
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Activity: 2296
Merit: 1031
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August 27, 2018, 08:35:48 PM |
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We often overlook the value of speculative mining. Pretty much nothing I mine right now is valuable but I have expectations that the coins will be more valuable later. Sometimes the best time to mine is when everyone else gives up because the difficulty goes lower and makes it easier to get coins for a project that you believe in.
Just read about the coins and decide for yourself to know which coin you want to mine. Join discord, telegram, twitter, etc and engage with the developers and community.
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Bencus
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Activity: 265
Merit: 11
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August 27, 2018, 08:43:45 PM |
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Not really in my opinion. Maybe some upcoming or unique coins, like Dash, or Gladius. PoW coins are a thing of the past in my opinion, efficiency eventually will rule.
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crimsongoth
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August 27, 2018, 08:57:51 PM |
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I think it will be difficult to meet the demands in terms of the profitability of mining if Bitcoin price falls to the amount of 3000 - 4000 USD specified in the estimates. As a result, Bitcoin shouldn't go below 6000 USD to fulfill equipment, electricity and maintenance costs.
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Michelecako
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Activity: 98
Merit: 1
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August 28, 2018, 02:22:24 PM |
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Better than mining at the present time - use altcoyins that provide passive income from storing altcoyins in their wallet. Without additional investment in expensive equipment. You just need to be constantly online.
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Raggie
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Activity: 462
Merit: 10
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August 28, 2018, 02:59:39 PM |
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Is it worth mining any more? if so - which is the most profitable coin?
Maybe you can try to mining some new coins, then you can be an early adopter of the coin. But always find a good coin with a good project behind it, so your coin value can rise when it hit the market later.
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BTCPair1000
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August 28, 2018, 04:47:22 PM |
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Mining is quite expensive so if you cannot bear the cost then mining crypto is definitely not profitable. But if specialized ASIC mining is affordable then mining is able to make profit.
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Rtalk
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Activity: 420
Merit: 1
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August 28, 2018, 04:50:14 PM |
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GPU mining has ceased to be profitable. His place was taken by ASIC . Home mining is dying-industrial can bring benefits.
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styca
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August 28, 2018, 04:51:51 PM |
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Is it worth mining any more? if so - which is the most profitable coin?
No, not for an individual. It would be far better to take the money that you were going to use to buy mining hardware, and just buy coins instead. The time for individual people to make money by mining coins on a single computer has long gone.
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Caesar-Giulius
Sr. Member
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Activity: 728
Merit: 250
Buy, sell and store real cryptocurrencies
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August 28, 2018, 04:54:18 PM |
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It depends on your electricity cost and mining equipment cost. For a better picture, go to whattomine and calculate with the costs.
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CryptoPairFTX
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Activity: 90
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August 28, 2018, 05:40:20 PM |
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I would suggest Monero to mine as it is one of the best crypto currency of 2018. It is hassle-free to mine Monero than bitcoin. It is anticipated that the value of it will be increased this year.
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SnodGrass74
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Activity: 79
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August 28, 2018, 05:49:56 PM |
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You can go for litecoin and ethereum for mining. Itecoin is much profitable and it offers good speed in generating blocks. In ethereum the main factor of mining as in electricity is much cheap.
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Tappertit
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August 28, 2018, 05:55:13 PM |
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I think now a day’s mining is not so profitable. One of the reasons is high electricity cost. Here the profit depends on your electricity rate. Is also varies from time to time.
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Tappertit
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Activity: 146
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August 28, 2018, 06:03:43 PM |
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As Btc has a good future it’s worth mining it. One can make more and more profit from it as the price of btc will rise in future. Beside that you also have to think about long term. You can try ETH and/or XMR.
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