Are Mining Still Profit?

[dagarair]

Now mining has ceased to bring a decent profit due to the fall of the market and the fact that video cards lose the competition to ASIC devices.
I'm just tired of switching from one algorithm to another.If in the near future there will be no prerequisites for the growth of the market-I'll just sell my graphics cards.

There's your problem and you don't even recognize it.  You waste your time with ass coins chasing a 2% increase in profit not knowing selling it and buying something else erases all your profits.  I have been mining ETH since it's been out.  Other that 2-3 times i jumped off to new coins for a week like ZEC / GRIN / BEAM to capitalize on the supply demand I have been mining ETH.  It's always been profitable for me short of a couple of months where i powered through in 2018.  Before you all tell me that's not possible, i'm not an idiot, in fact i'm pretty competent in what I do.  I know down to the penny each week what I do and where I am at.

Decent profit pisses me off too.  If you are walking down the street and you see a dollar on the ground i'm 100% sure you would pick that up.  OMG im not making 8$ per rig anymore this sucks!  Suck it up and ride the wave upward or turn all your crap off and sell it.  There are your options.

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[dificanovi]

mining right now is fortunate because crypto currencies are still valuable and even crypto currencies are currently experiencing price increases a few weeks ago.
bitcoin often experiences price increases, I think the miners will get a very large profit, therefore for those who have not mined they are better off mining the crypto currency from now on.

[popolite11]

According to me it’s good to buy some good coins than mine coin. Cause I've heard that currently mining is so hard and also very costly. So I decided that I will buy some coin.

People (specialists) that can build and rebuild mining hardware will have more income dealing with mining. The rest of the guys (at least, the majority) should better trade and invest in the top cryptocurrencies.

[lobat999]

Now mining has ceased to bring a decent profit due to the fall of the market and the fact that video cards lose the competition to ASIC devices.
I'm just tired of switching from one algorithm to another.If in the near future there will be no prerequisites for the growth of the market-I'll just sell my graphics cards.

There's your problem and you don't even recognize it.  You waste your time with ass coins chasing a 2% increase in profit not knowing selling it and buying something else erases all your profits.  I have been mining ETH since it's been out.  Other that 2-3 times i jumped off to new coins for a week like ZEC / GRIN / BEAM to capitalize on the supply demand I have been mining ETH.  It's always been profitable for me short of a couple of months where i powered through in 2018.  Before you all tell me that's not possible, i'm not an idiot, in fact i'm pretty competent in what I do.  I know down to the penny each week what I do and where I am at.

Decent profit pisses me off too.  If you are walking down the street and you see a dollar on the ground i'm 100% sure you would pick that up.  OMG im not making 8$ per rig anymore this sucks!  Suck it up and ride the wave upward or turn all your crap off and sell it.  There are your options.

Maybe most miners used to have very good profits before that when the crypto winter occurred last 2018, they forgot to recognized that a dollar is still a profit and that anything net of the gross operating cost would still be a profit. If mining is not profitable, then most miners would have left off and this would result in a dramatic decrease of hash rate and could therefore invite network attacks but that hasn't been the case so far. Imho.

[X-ray]

According to me it’s good to buy some good coins than mine coin. Cause I've heard that currently mining is so hard and also very costly. So I decided that I will buy some coin.

People (specialists) that can build and rebuild mining hardware will have more income dealing with mining. The rest of the guys (at least, the majority) should better trade and invest in the top cryptocurrencies.

For a new people that build mining and they can't compete with the old miners who was having a lot of mining rigs or even mining company, they got and build a new mining rig anytime while a new one can't do that caused by the limitation of their financial.

[secdark]

When doing mining you really need to co sider everything, location, which coin do you use to mine, and rigs that works to mine that coin. Well if those three is on your side maybe mining is profitable but there is a high chance that mining is not really give profit. Market is real on bad trent plus bills. So I came up on conclusion that the coins being mine is just to pay your bills and nothing for your savings

[Metroid]

When doing mining you really need to co sider everything, location, which coin do you use to mine, and rigs that works to mine that coin. Well if those three is on your side maybe mining is profitable but there is a high chance that mining is not really give profit. Market is real on bad trent plus bills. So I came up on conclusion that the coins being mine is just to pay your bills and nothing for your savings

There is no hope as it stands, but as it goes, we are at april 2019, accumulating phase started already and that will keep making bitcoin, ethereum and co to rise, so anything you mine right now should be to hold and sell when you think you got enough profit out of it, most miners are still paying to mine right now.

[mandor]

mining right now is fortunate because crypto currencies are still valuable and even crypto currencies are currently experiencing price increases a few weeks ago.
bitcoin often experiences price increases, I think the miners will get a very large profit, therefore for those who have not mined they are better off mining the crypto currency from now on.

I see that the current condition of Bitcoin continues to rise and mining is also one of the good ideas for making a profit. agree, the miners will get a big profit if they mine coins at this time and besides mining to be a trader can also make extra money.

[Keadyar]

There is no hope as it stands, but as it goes, we are at april 2019, accumulating phase started already and that will keep making bitcoin, ethereum and co to rise, so anything you mine right now should be to hold and sell when you think you got enough profit out of it, most miners are still paying to mine right now.

They say that throughout the year 2019 we will observe a smooth increase in the cost of Bitcoin and other cryptocurrencies. This is very good. Of course you want to see the pump when prices soar tenfold, but smooth growth is also a good option. I think mining in 2019 will be profitable.

[franciscoDC]

Yes it still profitable but if you want to double you earnings try to invest at the same but choose wisely and if not maybe you lose your money.

[asriloni]

There is no hope as it stands, but as it goes, we are at april 2019, accumulating phase started already and that will keep making bitcoin, ethereum and co to rise, so anything you mine right now should be to hold and sell when you think you got enough profit out of it, most miners are still paying to mine right now.

They say that throughout the year 2019 we will observe a smooth increase in the cost of Bitcoin and other cryptocurrencies. This is very good. Of course you want to see the pump when prices soar tenfold, but smooth growth is also a good option. I think mining in 2019 will be profitable.

You must do a lot of observations before you can determine that will be profitable or not for you. It's not about to mine coin and then sell them all when the market gets another big bubble. your power, electricity cost, maintenance and many more need to be considered before you can determine how profitable it was.

[JuggernautToken]

If mining has no profit why people still are mining coins and what if everyone stop mining ?

[CryptoCoinArbitrage]

Depending in which country you are if we consider only the price of electricity mining  is probably profitable,    but if we take amortization of  the hardware into consideration it is questionable at these prices.

[Kasperiko]

Please note that bitmain began to make a profit. If such a giant company in mine industry has gradually stabilized its economic state, then the market has really turned around.

[Dennicex]

Please note that bitmain began to make a profit. If such a giant company in mine industry has gradually stabilized its economic state, then the market has really turned around.

I also thought about it. It seems that the market has really turned around and slowly begins to gain momentum. I hope that soon there will be a pump and prices will increase. Accordingly, mining will become a highly profitable business.

[r32godzilla]

Please note that bitmain began to make a profit. If such a giant company in mine industry has gradually stabilized its economic state, then the market has really turned around.

And I thought that Bitmain has real problems. Many employees were dismissed, unsuccessful IPO, used Bitmain miners are sold in China for very cheap price (about 1/10 from the original price?)  .

[kickdapa]

Mining has still profit, but this time everyone will not be able to make the profit by mining! And sometimes profits based on the country. Like if your country has a low fee for the electricity then that will be a big opportunity for you in mining! After the Bitcoin price crash under 6K USD, most of the miners are not in the profit zone and as you mentioned many miners end their career in mining. So, if you want to start now, you have to think in many ways before taking the final decision.

[BestBitcoinOdds]

Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.

[Metroid]

Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.

I think this is one of my quotes. I'm pretty sure. Internet Plagiarism or adept follower? hehe

[Metroid]

I was right. Google can find anything today.

Today if you earn $1000 per month mining, you have to pay $1200 on electricity if 0.10 per kwh, that is 20% loss already plus all the hassle and problems, imagine if your house is burnt because of it or some other terrible thing happen. Truth is, mining is only profitable if it gives the return of your investment in less than 100 days which is not the case.The $200 loss could have used to buy coins instead of paying for electricity, matter of fact all the $1200 could have used to buy coins now when is cheap and relax on your sofa and wait till this market becomes super bull and then you get from 10 to 50 times the money you invested.

March 02, 2019, 03:18:08 PM