Will mining be profitable again?

[joseyphil82]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

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[BitcoinHodler]

in your post you are talking about bitcoin but you posted it in altcoin board so do you mean bitcoin mining or altcoin mining? because it is unclear!

bitcoin mining has always been profitable, that is why it has the highest hashrate which is so huge that nobody can 51% attack it without spending millions of dollars. and it will remain profitable no matter what the price is because of the well design mining algorithm that adjusts the difficulty of mining based on the hashrate.

[lyks15]

I think mining is still profitable but it is always give a small profit,lower that past few months and year because the price of bitcoin is high so they can only mine only small amout of bitcoin. For me it is good to do other bitcoin activity like trading and bounty because we can get more income coming from this activity compare to mining.

[zgrdyg]

It is still profitable otherwise no-one would mine.

But if you talk about profits back then, no it will not be like the same. Because more and more people trying to earn money with mining and that is causing less profits.

[jrrsparkles]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

When you have the right mining equipments then for sure you will get profits from mining.Bitcoin mining will be better profitable than how much it was in earlier this year but it is better to mine altcoins then convert it into bitcoins which is good for the low hash rates miners.

[rijaljun]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

You mean Bitcoin mining? I would say no, still no for personal miners. You need a huge amount funds to start. If not, you won't find any blocks to solve and leave you with a big electricity bills. Well, price doesn't really affect big miners income too much (in my opinion) but miners is a party that will encourage Bitcoin to increase in price.

[coin-investor]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

If you mean Bitcoin mining, no I don't think so, it is still not profitable, but if you mean altcoin mining, yes just pick the right coin to mine I'm mining Banano and Veil and JSECOIN these coins are easy to mine and with good profit if Bitcoin hit $10000 above.

[butka]

Of course it is profitable. Otherwise, no one would be mining it. It is pure economics. Even when bitcoin was about $3,000 or so, the network was as strong as ever, meaning that people were mining it all the same. Miners cannot afford to speculate and calculate profits that may or may not come some time in the future. They have recurring expenses which need to be settled month after month. Now, there might be nuances, depending of the size of the mining equipment one possesses, but in general, yes bitcoin mining is profitable.

Since this is an altcoin board, even altcoin mining can be profitable, depending on the equipment you own (and electricity bills in one's country) . Granted, it is not as profitable as it used to be, but I know altcoin miners who are still making profit with the current altcoin prices.

[eagleman]

Now that bitcoin is at 7000k plus is mining becoming profitable again?

Mining would always be profitable. If it isn't profitable, no one would actually mine bitcoin and all transactions are delayed because no one will ever confirm it.

Or bitcoin still have to surge more in price before profitable mining returns?

If it surges more and brings altcoins up again, surely it will be more profitable for altcoin miners too.

[BlackFor3st]

It will depend to the resources, if the resources is very cheap then mining is very profitable type of investment. Let's just say that not only for bitcoin but also for other currencies that has a potential in the long run.

But if the price will reach like 10k plus then it will give a good amount of profit to the miners and I am pretty sure that the market will be alive again. Investors, project owners and supporters will surely be the first to welcome it.

[mindrust]

It will eventually but it doesn't make any sense to wait for it. When mining becomes very profitable that usually means the time has come for you to sell your coins. It doesn't and won't  last for long because when it becomes profitable every ASIC manufacturer will spawn thousands of new miners from their factory. Same with the GPU mining. Every gamer and his grandpa will be mining the shit out of crypto so it'll become unprofitable very quickly.

[jjjfff]

Check out the hashrate chart at https://www.blockchain.com/en/charts/hash-rate

Hashrate has a positive correlation with price. Soon as BTC shoots up, hashrate goes with it.

The only way to make money in mining is to have enough cash flow to hold the BTC until it gains dollar value.

Mining is not immediately profitable as soon as the coins are received, per market competition. So something like coinwarz calculator does not work for BTC really.

But if you got cash to keep the mining going and store the BTC, then the future dollar gains might make it profitable.

[Pffrt]

Are you talking about mining bitcoin or any specific altcoin? If it's bitcoin, I think you should give up because it requires huge hardware investment. Yoi can mine altcoin though.

[alt-fire]

Ofcourse because of price raising and bitcoin growing up (now it around 7000 of dollars) the mining can be again profitable but need to say that more effect reason of interest to mine BTC will be the halving which take place in around 1 year.

[Kencha77]

Depending on your location and what gpus your mining with. Mining would still be profitable if you have a low electric bill since this is a board for altcoins I can say that some coins are profitable based on the calculator on whattomine.com. I see about 110% profit rate for ethereum even if it was still on the bear market. Some gpus are also cost-effective meaning their running in full speed but consuming less energy at the same time.

[Ayobami99]

If most of the miners today dump mining, i believe mining can be profitable. But for now, mining is less than profitable. With PoS consensus coming to main stream, miners are encouraged to dump mining,

[joinfree]

Well mining would not be as profitable as it used to be but you can still earn some decent amount of money and if the bull run takes us to another all time high then it would definitely be a good investment today. it's all speculations mate, do your own research and decide whether to venture into it or not because you would have mining farms to compete with in order to get rewards.  

[drgomez89]

Well i think mining in your house like old time. Its imposible right now. Its more profitable to industrial level and setting a facility in a selected country,, i think its a big fishes game right now. more right now that prices ofd crypto are skyrocketing right now more bigh fishes are going to start investing again

[dark08]

It will depend to the resources, if the resources is very cheap then mining is very profitable type of investment. Let's just say that not only for bitcoin but also for other currencies that has a potential in the long run.

But if the price will reach like 10k plus then it will give a good amount of profit to the miners and I am pretty sure that the market will be alive again. Investors, project owners and supporters will surely be the first to welcome it.

+1 for this opinion my friend of mine has a mining but he has no good profit in mining why? First of all the resources are too high like payment in electricity bills thats why he decided not to mine bitcoin instead he mine a potential altcoin which is a good decision because if bitcoin continue to dominance there will be a chance that altcoin will follow their flow.

[Pamadar]

Depending on your location and what gpus your mining with. Mining would still be profitable if you have a low electric bill since this is a board for altcoins I can say that some coins are profitable based on the calculator on whattomine.com. I see about 110% profit rate for ethereum even if it was still on the bear market.

calculation on whattomine totally different with the fact in our mining result.dont make it as our guidance while starting mining.at first time i used it but i think its wrong while i look on my mining result.

It's just a basis of your possible earnings when you do some minings but not an accurate outcome results, there's still profitability if you are residing to a place where electricity is really cheaper,you have to assess since even the value of Bitcoin is moving up chances to break even or lose since managing your rigs needs also some good maintenance.

[sadmaster]

Mining has always been profitable. This will of course depend on you and your resources if you’re using cheap resources then you will earn a lot more. This is profitable because if not then why are others still mining right? If it is not profitable then it will not have miners meaning no approval and more delays but it is not like that. It is very profitable specially if you have the right equipments in doing so. It was more profitable before though because there are less miners before and less miners means more profit.

[BitBustah]

Mining has always remained profitable for some people or no one would even be doing it.  Don't be surprised at how low some of these big mining farms have been paying for electricity.  Btc difficult still hasn't increased much since this recent price jump but I expect that to change soon.

[Muzika]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

it depends on the difficulty, once the difficulty increases the mining profit will lessen and once the difficulty decreases the profit will raise, it is depends also to the price of BTC at the moment you acquire your coins from mining.

[Adriano2010]

I think now can be profitable, i reffer to bitcoin mining, but i think for this to happen need to calculate how much cost electricity because if electricity cost to much like on my country you should put money from own pocket to pay electricity even if sell all bitcoins mined in a month.

[Sab11]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

for me i think if mining right now is not worth it many miners are complaining about the difficulty in mining, the profit they earn will just go to the electricity bill and internet bill, just are just wasting time and effort, wait atleast btc hit 10k dollar for sure income in mining.

[Farma]

I think now can be profitable, i reffer to bitcoin mining, but i think for this to happen need to calculate how much cost electricity because if electricity cost to much like on my country you should put money from own pocket to pay electricity even if sell all bitcoins mined in a month.

well, maybe it's still profitable. however, some people are still crying for crypto, and of course they do that because it's still profitable. What's more, at this time, prices have risen again. if the price rises with height, bitcoin, and altcoin, it will really be profitable for miners.

[Pejoh Asu]

I think now can be profitable, i reffer to bitcoin mining, but i think for this to happen need to calculate how much cost electricity because if electricity cost to much like on my country you should put money from own pocket to pay electricity even if sell all bitcoins mined in a month.

Hopefully the price is stable above $ 7000 so that we can mining again, I have stopped mining from December because the price of bitcoin dropped below $ 5000, and now I am ready to mine with 3 units of Antminer S9 - Bitmain.

[meldrio1]

With this condition of the market surely mining is profitable, the bitcoin and altcoins their prices are keep increasing so this is good time to mine.

[klaaas]

Against the current rates you can spin on almost any card to mine against some profit if your power isnt to expensive. Sure the diff spikes will come in play sooner or later and it will be hard again.

[Malamok101]

For sure if bitcoin's price will grow up it will be profitable again. For my neighbor mining not profitable from him as now for those electric usage and low price of altcoins so they can't manage they earn monthly.

[Tipstar]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining was always profitable but with the increased price, comes increase in number of transactions. So, there are more blocks and more value for each block. So, the profit naturally increases. But the profit is mainly depended on the price of electricity and purchase and maintenance of miners.

[ariyzt]

the problem from mining is the electricity, when the electricity cost more than what they get from mining its not going to be profit anymore, but let see if bitcoin hit new ath, it going to be profitable or not

[louisBSAS]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining Bitcoin has long been engaged in large farms, which are located in countries and regions with cheap electricity, so even when Bitcoin fell to 3,000 thousand mining was profitable for them. Also, they did not sell all mined coins, but only those that were needed to offset the costs. Now they can sell their stocks of coins and get more profit.

[Cianix]

Mining has always remained profitable for some people or no one would even be doing it.  Don't be surprised at how low some of these big mining farms have been paying for electricity.  Btc difficult still hasn't increased much since this recent price jump but I expect that to change soon.

Well, it was not always profitable to mine , I think now when bitcoin starts to grow strongly , then actually mining is profitable , and in fact now a lot of coins goes to pos mining

[Gabmot]

Definitely yes! In fact anyone going into mining should have considered his/her options. At least one must know the nitty gritty of it, , , especially it's cost. In the long run, i believe it's gonna pays off.

[ethereumhunter]

I don't know when mining will be profitable again as I don't mine right now. But I heard from my friends that with the increases in bitcoin price, they could get a profit although not much. Maybe what they said is true because with the higher bitcoin price can give us a nice reward but still, we need to have a big hashrate to get those profit.

[seggardinggins]

Definitely yes! In fact anyone going into mining should have considered his/her options. At least one must know the nitty gritty of it, , , especially it's cost. In the long run, i believe it's gonna pays off.

Yes, there are only two choices when investing and that choice is determined by us alone in mining Bitcoin with the largest capitalization.
Having large capital alone cannot guarantee profits if we cannot understand the ecosystem and the potential of coins, if we want to get a big return on long-term investment because BItcoin is strong and will not die.

[aprilnot]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if things continue to improve, I think it will be profitable again. yesterday the miners lost because the price of coins dropped and did not get a profit. but if this time the price continues to rise, it is not impossible that mining will be liked again. but for those who want to new start, I think that is impossible. it will be very difficult to get profits for those who are just starting out.

[mr.robot8]

i believe that mining bitcoin will never be profitable again even with the most powerful graphics card, maybe we can get something from altcoin mining but still low gains

[iqlimasyadiqa]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if the price of bitcoin continues to increase then this will certainly provide a difference in calculation and doing mining can return to bring profit. I have read the data that when someone miners wants to gain profit, the price of bitcoin must be at rates of 9,000USD. this has been calculated by the allocation of electricity and hardware needed. mining will be profitable again when the price of bitcoin continues to increase and may be in the price range of 10,000USD.

[mrdeposit]

After the fall in price in recent months, mining was unprofitable. Even so, dozens of big companies have stopped mining. But the current price is more appropriate than in recent months.

[BryanK]

Mining will become profitable when the price of bitcoin rises above 10K$. Or you can try to mine bitcoin now if you have a free electricity)

[bonker]

If the value richest to a good situation then mining is also being profitable in this situation because if Bull Run starts again for a long time then mining is profitable to everyone who are waiting to mine them quickly.

[Averim]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining is like gold, always has a certain value but the true values is shown in crysis. Blockchain is based on miners, without them there no knots, no decentralisation and so on.

[jan.nicolas]

Probably due to the fact that cryptocurrency prices are rising today mining will have growth. I think that this will be the reason why mining will increase. All this is only a temporary condition and most likely we will see a new growth in the construction of farms.

[aliceHortrex]

Probably yes.  Because the higher the price the more relevant mining.  Because it will become profitable.  Previously, when the price was not expensive, then mine was at a loss, and now you can earn.

[Jenkins33]

Large industrial farms have been mining Bitcoin for a long time. Long gone are the days when Bitcoin could be mined at home. Therefore, hardly anyone on this forum will be able to tell you how profitable bitcoin mining is right now.

[sulis sudibyo]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if bitcoin is still under $10k, miners find it difficult to make a profit. the lower price for bitcoin should be $10k, then they can get profit. for now they can only survive, if asked whether it is profitable. it is clearly not profitable

[proTECH77]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Basically mining will be profitable again becasue of what is happening in China, where the government of the day choose to Ban Bitcoin and miners are closing up their rigs and moving out to other locations. For the main time we will see another season of profit from mining.

[timoshani]

Yes, mining will be profitable as soon as possible. I think this will be when the price of BTC go out of 7000-8000$/1BTC. But for mining, you must use more modern farms which is very expensive now. I'll be using cloud service for mining in recent time.

[tippytoes]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if bitcoin is still under $10k, miners find it difficult to make a profit. the lower price for bitcoin should be $10k, then they can get profit. for now they can only survive, if asked whether it is profitable. it is clearly not profitable

They need to invest in renewable source of energy like solar panels to compensate for the cost of electricity.The initial investment is high but it will be recovered in few months time. Then, after that mining will definitely be profitable to them.

[bastian466]

If the cost needed to mine is greater than that income will be a loss so in the opinion if the high bitcoin price will help income to be high

[SlimShadyMmp]

Mining is always profitable It just depend on the rig you are using Most dedicated miners have enough capable Machine to handle all what the mining requirements needed the issue is when you decide to use a very low machine or just normal usage computer(1060-1080) for mining

[@baoli]

The good news about mining is that if you can't get profit you definitely will stop it. So more mining is profitable once you use the right rig and computer. For sure miners will make more money once the price of bitcoin surges.

[adekogbe]

Obviously mining of cryptocurrencies is going to be gainful or else, nobody would mine it.
Notwithstanding when bitcoin was still very much undervalued, the system was as solid as regularly, implying that individuals were mining it all the equivalent. Miners can't stand to estimate and compute benefits that might possibly come sooner or later.
They have repeating costs which should be settled a seemingly endless amount of time after month. Presently, there may be subtleties, depending of the extent of the mining hardware one has, however by and large, yes bitcoin mining is gainful

[minersday]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Cryptocurrency mining has always been profitable in as much that the market value of most coin dropped.  Mining is a long term investment venture which has good return profit depending on the current value of the crypto coin you are mining.  Massive increase of the coin just doubles your profits. Most people in the mining ecosystem understands that they can only make profits from mining cryptocurrency after a long period and time of mining. Mining for two days or a week can't be used to tell how profitable mining is.

[Rogkim1]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining has always been profitable, just need to know which coin is best to mine on the equipment that you have installed. To do this, you need to use specialized sites that allow you to calculate the best mining options for you, taking into account your equipment and software.

[Wintersoldier]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Actually, while we are not focusing into mining, there are still people that is capable to process our transactions in the market and the bitcoin's blockchain. We can just expect that the volume of miner will going to increase again if these trend will last not just a month. And still, mining is considerably profitable even it has a low market price.

[Bitkoyns]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining has always been profitable, just need to know which coin is best to mine on the equipment that you have installed. To do this, you need to use specialized sites that allow you to calculate the best mining options for you, taking into account your equipment and software.

I think bitcoin is the best choice but it is still depends on the difficulty still if there were lots of miners that are mining bitcoin then it wont be profitable enough to say.

[neonshium]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

The more we have competitors in the mining space, the less profitable it becomes, also the more you mine, the more difficult it becomes to mine new blocks, meaning that you might not make the profit you are used to making when the coin just began its journey, though an increase in price will definitely make you earn high since your reward is in the coin and not USD, for example if 0.1 BTC was rewarded to you at $300 and the price of BTC increases to $10k, this means that your reward automatically increases to $1000 daily.

[H1N1]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

It will depends not only from the price, but on the several factors like difficulties of mining, hardware price.
The more profitable, the more peoples will join to mining the coin, then the difficult will rising.
Maybe bitcoin will need to hit $10k, so the profit is great in mining bitcoin.

[jan.nicolas]

Probably yes.  Because the higher the price the more relevant mining.  Because it will become profitable.  Previously, when the price was not expensive, then mine was at a loss, and now you can earn.

This is not always the case; of course, there can be a lot of things, but the higher the prices, the more industrial farms appear, which today work and make cryptocurrency too vulnerable. Still heard about the attack 51%

[macshad]

I think mining is as yet productive yet it is dependably give a little profit,lower that previous couple of months and year on the grounds that the cost of bitcoin is high so they can just mine solitary little amout of bitcoin. For me it is a great idea to do other bitcoin movement like exchanging and abundance since we can get more salary originating from this action contrast with mining.

[syamster]

Mining will become profitable when the price of bitcoin rises above 10K$. Or you can try to mine bitcoin now if you have a free electricity)

It is the only issue that miner use to face that it consumes allot of electricity so if  we will pay the bill at the end we can get profit as well but some people are not affording to pay so much electricity consumption, but in some countries not there is solar mining which is good project I want it to launch in my country as well.

[Bulitt]

Depending on your efficiency, and electricity rates, mining was profitable all the way down to $3500, when it was $3100 it was scary and I did turn my rigs off during that period, but ever since it was above $3500 I've been mining altcoins in profit on my small hodge podge of GPU's

[fosco333]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Bitcoin has surpassed $8000 and i think mining bitcoin is slowly become profitable again.
But don't forget, when mining become profitable, many miners will come and mining again.
This will make the difficulty of mining rising, and miners will get less from mining.

[brilly17]

yes with use of tools as miners to work on customs as following distinct on personal preference to collects as fine with the weight on lodge as expecting of returns with the target to complete within the terms of plan with the bitcoin mining.

[kidoseagle0312]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Correction, bitcoin at the moment was 8240$ according to the https://coinmarketcap.com/currencies/bitcoin/, So I think mining still profitable.
If I only have a capital to buy a mining rigs I will buy for sure, for sure those miners now are already gained or gaining more.

[CryptoBry]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

I read somewhere that at $6,000 price of Bitcoin, mining can be profitable depending on the cost especially that of electricity in running the enterprise. Now, since we are now at the $8,000 level this can mean money to miners and with the miners ban in China this can be a good opportunity for newcomers to make a killing in this bull run. However, we know that mining is not profitable in many locations because of the expenses involved plus this business can be an issue with places with limited supply of power and sometimes politics can come into the picture complicating things.

[Caladonian]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Bitcoin has surpassed $8000 and i think mining bitcoin is slowly become profitable again.
But don't forget, when mining become profitable, many miners will come and mining again.
This will make the difficulty of mining rising, and miners will get less from mining.

Knowing the risk is the very first part of your decision-making. If you are looking for potentials with mining, then look first with those factors which
caters the process, mining devices, electricity cost, maintenance, do the checklist and assess, review each pros and cons as knowledge upon this
business is very important, not because the value rises up then you'll going to ride or because the trends for mining is showing some strength, always
look for longer engagements for much profitable outcome.

[Novatech8]

Mining is completely way out of it ,they profits are just too low so the fact is other ways are better ,I'd even choose airdrops over mining or bounties too,if airdrops could give you 50$ to 100$ these days its way better than mining and wasting energy

[toast]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Correction, bitcoin at the moment was 8240$ according to the https://coinmarketcap.com/currencies/bitcoin/, So I think mining still profitable.
If I only have a capital to buy a mining rigs I will buy for sure, for sure those miners now are already gained or gaining more.

yes, bitcoin is now rising and green on the market, but most of the miners today have not dared to run it because the profits and losses are even greater losses. usually the miners will start when bitcoin is stable and the stability lasts a long time because that's where small profits begin to appear.

[2Kool4Skewl]

 I think yes.  The higher the price of bitcoin the better to mine.  But still, I see that the number of farms is significantly less than before.  This is not all connected with the price of cryptocurrency but with expensive electricity.

[kalstarzz]

yes, mining will return to profit if the price of bitcoin remains as currently at $ 8,052. for me this is enough to be able to provide benefits to the miners, and quite in accordance with what they have to spend.

[luthvie]

i think mining is still profitable right now, i can say that because still some project appeared with product of mining tools, because we are know btc will halving on 2022, so maybe now is the right time to mine more btc.

[BlueStackz]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining has always been profitable, just need to know which coin is best to mine on the equipment that you have installed. To do this, you need to use specialized sites that allow you to calculate the best mining options for you, taking into account your equipment and software.

I think bitcoin is the best choice but it is still depends on the difficulty still if there were lots of miners that are mining bitcoin then it wont be profitable enough to say.

Of course everyone knows that bitcoin would always remain the best coin to ever mine, but the cost of operating it is the most difficult part of it all, and except there is a very high surge in the price of bitcoin that miners can really benefit from the mining of bitcoin, and I guess now that we are in the bull run, most miners would have been planning to return back to mining  to take more profit.

We also have some other coins though in the market that is very good to mine, and not so expensive to set up, Electroneum and monero is one hell of a coin to mine and easy to set up.

[popolite11]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining has always been profitable, just need to know which coin is best to mine on the equipment that you have installed. To do this, you need to use specialized sites that allow you to calculate the best mining options for you, taking into account your equipment and software.

I think bitcoin is the best choice but it is still depends on the difficulty still if there were lots of miners that are mining bitcoin then it wont be profitable enough to say.

In my opinion, mining will never give you as much as the trading. If you are concentrated on Bitcoin, it is much better now to hold it.
The crypto market has been showing the signs of the bullish trend for a long time, and we have all the best chances to meet the new price of BTC. I think this year, it can reach 15 or even 20 thousand again.

With mining, you will not make too much.

[Rimueng tuha]

Crypto currency conditions are getting better. The price of crypto currencies is increasing and the market is increasingly green. Potential coins go up in price so this is very beneficial for crypto currency lovers. I also played crypto currency also increasingly challenged because the market is getting better and more crowded. In the market, more crypto currency players are active. Some who stopped mining then now start again to mine a few coins. In my opinion, mining is still very profitable if we can reduce mining costs as effectively and efficiently as possible.

[BitTraderCute]

Crypto currency conditions are getting better. The price of crypto currencies is increasing and the market is increasingly green. Potential coins go up in price so this is very beneficial for crypto currency lovers. I also played crypto currency also increasingly challenged because the market is getting better and more crowded. In the market, more crypto currency players are active. Some who stopped mining then now start again to mine a few coins. In my opinion, mining is still very profitable if we can reduce mining costs as effectively and efficiently as possible.

for current price maybe miner could earn profits but maybe still on small amount.if our profits besides depend on cryptocurrency price it also depend on operational cost especially electricity.in some countries basic price of electricity very high and it be main problem for miner to ger profits.

[Vishnu.Reang]

Now it has become even more difficult, as the major mining pools are all increasing their hash power, expecting the bull rally to continue for the remainder of the year. Even if you purchase a few mining rigs now, it may take more than an year to cover the capital costs from the mining revenue. And for that to happen, the prices should stay high.

[forexandcryptoauditor]

With the upcoming Bitcoin halving reward in 2020, the coin reward will be decreased from 12.5 to 6.25 coins.
Since the block size(for halving rewards) is same, every 210,000 block, and competition is very high due to consistently increasing miners, it's becoming less profitable year and year. Also the resource requirements like power consumption are very high, only big players can achieve it.
To get mining more profitable, we need to look for more solutions for example, to enable mining with low performance resourecs.multivac is achieving this. Due to all dimensional Sharding technique and high throughput, mining can be done from our normal pc.
Another solution to make mining more profitable is to use less costly systems which can fulfil the desired power requirements  which can achieve mining with more efficiency. DAGO- mining's ecosystem is using solar energy to produce the power and it's energy storage systems makes mining possible 24/7.
Hope in future, more such ecosystem's will be available to make the mining more and more profitable.

[pawanjain]

Of course it will. Though the mining difficulty has increased a lot over the years there are people still mining bitcoins with the required equipment.
Bitcoin price has increased but this doesn't make any changes on the mining part. Mining will still continue and it has to.
This will effect the transaction fees though since the network might get congested which will in turn increase the transaction fees eventually.

[baigreen]

If the market continues to revive. That of course mining will again be profitable. Judging by the latest price for Bitcoin and Eth, it is probably worth running your farm again. We'll see. The main thing that the price did not fall sharply.

[Cat Coin]

Start mining right now in my opinion it makes no sense. But it is necessary to continue. I think that participation in the market as a trader is now more favorable than trying to engage in mining again. This market is already occupied. It is necessary to learn to earn by investing.

[10c]

Now it has become even more difficult, as the major mining pools are all increasing their hash power, expecting the bull rally to continue for the remainder of the year. Even if you purchase a few mining rigs now, it may take more than an year to cover the capital costs from the mining revenue. And for that to happen, the prices should stay high.

I think that if you are considering this market in the long term, then you can buy mining equipment and make a clear profit in 7-8 months

[sujonali1819]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Obviously mining will be profitable again in near future and this now still profitable IMO. Because Suddenly  bitcoin pumped 2x since few days. So its little bit of profitable in my opinion. And hope  more profitable if btc will make another move to cross 10k$. Thanks

[cepot9]

mining is still profitable to date, if it is not profitable they have been going for a long time and cryptocurrency will not be like the current conditions because miners are also important for the cryptocurrency ecosystem

[crispynougat]

Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.

[kriptomak]

Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.

who tightly deals with cryptocurrency. he is engaged in trade, and investing in iso, and even mining, each class has its pros and cons. But all is better, when the market grows, therefore now, the people will start to increase

[semobo]

mining is still profitable to date, if it is not profitable they have been going for a long time and cryptocurrency will not be like the current conditions because miners are also important for the cryptocurrency ecosystem

Its profitable for the big mining farms but the people who have their own mining rigs may not get profits when the price reached bottom but now they might having good old days of 2017.

[laredo7mm]

At the moment I see if bitcoin has increased again and indeed, in terms of electricity and good income, it is not impossible that later there will be a lot of mining going back. the main key is the price of bitcoin that has increased to be able to make mining a lot back

[louisBSAS]

Mining has long begun to be in demand again. I say this because the ads on Ebay and Amazon have much less graphic cards and other equipment used in mining. This means that people began to buy it more actively for mining.
It also speaks about the revival of the cryptocurrency market, which will further lead to its large growth.

[qomariah95]

If this continues to increase again, it is likely that the miner will return to the track. Because many have stopped because the crypto market conditions that were previously very low. But now the price of bitcoin reaches $ 7900, of course, it is very likely that miners will return to their activities as before.

[EdenHazard]

Use your capital to buy bitcoin and hold for long term or you can use it as trading place. Because at this time the cost to buy mining tool are very high, your capital will be back for a long time. Unless if you are a miner before you can continue it, you can hold your reward for a long term until the price bitcoin come back to high again. A miner has a very important function because if there is no miner maybe the transaction will never be processed cause that is miner's work. Seems like this thread is not belong here, you can move it to the right section i.e mining.

[dobolspeed3]

Because it is too focused on paying attention to the market until this is unthinkable. If market conditions continue to be good and increase continuously. People will do mining again, it seems, because at this moment a very good moment if you want to do mining. For me, of course I can't do mining because I'm not an expert in this field.

[omonuyak]

Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.

Mining is not difficult the way you sound it and it is because you have little knowledge on how it works.  Trading is also good but just that it is very risky and if you did not have the experience and knowledge about it you can lose all your investments.  I think if price is going up and we are still having the same rewards it is  very clear that we would have more profits from mining of both bitcoin and altcoins.

[DeadCoin]

If this continues to increase again, it is likely that the miner will return to the track. Because many have stopped because the crypto market conditions that were previously very low. But now the price of bitcoin reaches $ 7900, of course, it is very likely that miners will return to their activities as before.

I am sure yes as altcoins' values have increased now. I do remember my friend mined last year but he finally sold out the devices as you know the reason behind. Again the right time to begin minting hoping on the current market trend.

[jan.nicolas]

yes, mining will return to profit if the price of bitcoin remains as currently at $ 8,052. for me this is enough to be able to provide benefits to the miners, and quite in accordance with what they have to spend.

Perhaps you are right, but after all, mining farms have become very labor-intensive in terms of electricity, because I have very often seen the statistics that people now have to pay big fiat money for electricity. Do you think the price will pay off?

[pleci]

Because it is too focused on paying attention to the market until this is unthinkable. If market conditions continue to be good and increase continuously. People will do mining again, it seems, because at this moment a very good moment if you want to do mining. For me, of course I can't do mining because I'm not an expert in this field.

It is true that we are too focused on market price growth, giving rise to the feeling of wanting to Altcoin mining because now there is a good opportunity to reap profits. I am also not an expert in this matter, but at least I know a little, just now maybe I still want to see the market growth to what extent, I hope this continues to increase.

[OrangeSeller]

As the price continues to go up the fees for making transaction will as well go up with it ,and mining will get difficult as well. But it will still be profitable I believe, if you invest at the right place (I mean cloud mining) or if you're mining yourself then you will have to make use of the right tools.

The question is whether you will be able to cope with the expenses that comes with it, cause mining has never been an easy thing, even when the price is low and when the price is high, it is not easy.

[eagleman]

Now that bitcoin is at 7000k plus is mining becoming profitable again?

Mining would always be profitable. If it isn't profitable, no one would actually mine bitcoin and all transactions are delayed because no one will ever confirm it.

Or bitcoin still have to surge more in price before profitable mining returns?

If it surges more and brings altcoins up again, surely it will be more profitable for altcoin miners too.

For now the profitability of mining highly depends on your electricity rate so it's not profitable for everyone (yet) but that might change if the crypto-markets continues to recover.

For everyone? we don't have the same electricity charges so don't conclude that it's not profitable for everyone.In my country it's already known that electricity is quite high in charges but it's still profitable if you have a decent place and nice temporary to sustain your miners.

[guoyu78]

Mining is completely way out of it ,they profits are just too low so the fact is other ways are better ,I'd even choose airdrops over mining or bounties too,if airdrops could give you 50$ to 100$ these days its way better than mining and wasting energy

Mining was way out of it when the market was still bearish and we all know that miners needs a very good market for them to really make profit, now that the market is good again and in the bull run, I think this is the time that miners will really start entering the market and mining profitable coins.

it is not all mineable coins that are energy intensive, the most energy intensive of the is bitcoin, wherein with this Bull run, they will still be able to make more money now for good profit. Bounties and airdrops are good, but to get a reliable ones and profitable one is not a child’s play now.

[Astvile]

Mining have never been an investment where you lose money i think.Being smart in mining is needed knowing what coin you should and should not mine is a big factor which some miners are doing.I know few miners who mines direct bitcoin and complains on how much power the waste and still no profit.Mining is always profitable

[dizzy1996]

In order to get a good profit from mining, first of all, you need to have many powerful devices and constantly update their technical support, as the complexity of mining is constantly growing and more powerful devices are required if we speak for the top cryptocurrency, then it is not particularly profitable get good money.

[geegaw]

As the price continues to go up the fees for making transaction will as well go up with it ,and mining will get difficult as well. But it will still be profitable I believe, if you invest at the right place (I mean cloud mining) or if you're mining yourself then you will have to make use of the right tools.

The question is whether you will be able to cope with the expenses that comes with it, cause mining has never been an easy thing, even when the price is low and when the price is high, it is not easy.

I also believe that mining is still profitable as long as we invest intelligently as you say, choose the exact location to invest and have the right tools for mining but these simple problems are always a difficult problem for everyone because the tool and the cost of mining are too expensive, the time to recover capital is always very long when the market situation seems to be too bad in recent years. If someone has experienced and invested in mining very early, they may continue but a newbie who wants to participate in this issue, I really do not encourage, too risky.

[jan.nicolas]

In order to get a good profit from mining, first of all, you need to have many powerful devices and constantly update their technical support, as the complexity of mining is constantly growing and more powerful devices are required if we speak for the top cryptocurrency, then it is not particularly profitable get good money.

Therefore, I say that today mining is developing on an industrial scale for the extraction of BTC. This is the main direction for mining, which will definitely bring money, all other options will not guarantee you that you can earn.

[mattadc]

I think that there is a sense of mine then when there really is a coin that you mine it is expensive.  In other cases, you'll just go to zero.  Due to the fact that electricity is very expensive.

[Eadefemi]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Am yet to know what is involved in mining but as I hear from friends who are miners, the business is a very profitable one. I do not know if there's a way prices affect mining but am thinking a surge up in price will give positive return when it comes to mining. Mwanwhile, you should ask this question on the mining section to get clearer answer.

[LUCKMCFLY]

Of course, I think that mining is a way to get rich easily, the only thing is that you have to worry about the machines and to have the electricity service up to date, since to invest in new mining machines is also another way of go increasing the way in which ma is generated, but at the end, this investment is achieved with the same mining work.
Starting from $ 5k, the bitcoin mining business started to be very profitable, so $ 7k is much more attractive from the point of view of obtaining greater profitability.

Those who are miners know that the market can continue to rise due to the huge boom of the last few days, this increases the demand for bitcoin and its operations, generating in turn ever more masbitcoin due to mining.

In this area of ​​the market, the miner knows very well that at any moment the price can fall, these scenarios have been seen, studied and have generated the perfect plan to protect themselves from the volatility of the market in the mining business.

In fact it was speculating that a lot of bearish environment was due to the fact that the mineers have many accumulated bitcoins that do not sell, therefore, for the StrongHands it turns out to be a considerable percentage, which is taken into account for the volume of bitcoins that they usually use. accumulate. For this reason I think that the part of mining is very profitable and always will be, especially for those countries where electric service is very cheap, it is even better.

[Eildosa]

I do not think that mining will become profitable again. This is the direction that has outlived itself. Earn it, only those who did it in the beginning. Beginners will not be able to get as much.

[powerman24]

Mining is already profitable, but it depends on the electricity costs which could differ from country to country. Some mining projects already has continued the mining and the payout some others are on the way to do it.

[tisoysoy]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

I could say yes because from $3,00 then turn on a sudden into $7k to $8k plus so, theres no doubt that many blockchain transaction in bitcoin appear and make miners gain more profits. And if it is continue to rise by remaining quarter the more miners will mine in blockchain transaction.

[arnoldrimmer]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

I think with the rise of Bitcoin, many people will move into minning again and i believe it will favour them but I will have to wait a while more bef9re I can embark on minning

[tippytoes]

Mining is already profitable, but it depends on the electricity costs which could differ from country to country. Some mining projects already has continued the mining and the payout some others are on the way to do it.

And also, you can mine not only bitcoin but other alts which have promising value in the market. And if you will go solar it will really help a lot in getting good returns. I believe mining will be profitable again and still is, you just need to choose the right options for you.

[Turk Ace]

Price has very little to do with it, well sort of. It ties in with the mining difficulty. Most cannot compete with countries that pay under $0.05 and sometimes almost free for electricity. You cannot mine in London or Newyork and expect to make any good profits when you up against Chinese farmers which industrial sized warehouses. They also get the best miners first before anyone else.

[bitstalker]

There seems to be no profit for bitcoin, but for altcoin it seems like yes because they always have a new coin to be mined, and it also seems to be more profitable altcoin than bitcoin for now.

[globalpain]

I don't think that, the price of bitcoin must be more expensive so that mining can be profitable again, electricity costs are now more expensive because miners also have to get more results so they can still benefit after they pay electricity bills and various other mining needs

[Altero]

I hope the market will continue to rise and so miners will gain more profits at this time. They'll probably be at big struggles last year as bear season stay so long and some of mining industries get shutdown.
Now the price have its step to bullish and it is a perfect time for them.

[endogan]

I hope the market will continue to rise and so miners will gain more profits at this time. They'll probably be at big struggles last year as bear season stay so long and some of mining industries get shutdown.
Now the price have its step to bullish and it is a perfect time for them.

the bear season is long and now the season will end and become a bull.
the hopes and hopes of many of our people naturally want the market to increase so that we can make a profit, but sometimes expectations are not in line with reality.
we must be patient and continue to be optimistic so that we can do it well and not be easily discouraged even if the market is in any condition.

[James678]

Now it is getting more profitable after BTC rise, but home miners still have no reason for this activity.
Only if you have source of cheap electricity, then you can mine, but in other case it is not a good idea

[thd26bct]

Mining profits depend upon some factors: the price of bitcoin is utmost important, because most of altcoins don't have direct fiat trading pair, so they have to cash out their mined coins into bitcoin, and then sell bitcoin to get fiats. The price of altcoins they mine in BTC pair is important; the second one is price of bitcoin at which they will sell bitcoin to get fiats, the higher price the bitcoin is, the more money they will get in fiats by selling bitcoin; the third one is electricity costs, the lower the electricity cost is, the higher profits for miners; the last one is difficulty of networks of coins they mine and actual rewards they received as mining rewards at specific period, the higher rewards are, the more money they can get (with same price of coins in BTC pair). In conclusion, and in general, mining industry has been warmed up considerably due to the newest Spring of crypto.

[sandra_x]

Mining is always profitable for those who have cheap source of electricity and can manage the sensitive dynamics skillfully. Higher bitcoin price,more miner switch on their machines and difficulty goes up,rewards drops and we are back to where we started. The price/difficulty dynamics is fairly stable,

[_Sergo]

Mining is always profitable for those who have cheap source of electricity and can manage the sensitive dynamics skillfully. Higher bitcoin price,more miner switch on their machines and difficulty goes up,rewards drops and we are back to where we started. The price/difficulty dynamics is fairly stable,

as it should be, the more profitable the asset is, the more they fight for it, and the winners are those who are looking for something new, yet there is no crowd there.

[shaheer001]

Bitcoin mining is always in profitable as the well design mining algorithm. But other altcoins depends on market and their value as market go green and the value of the coins increases mining become profitable but in bearish market altcoin mining is not profitable.

[SistaFista]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Logically, mining will become more profitable when the price of cryptocurrency coins rising in the market.
If mining was not profitable, no one would still mining bitcoin. In fact, there were many peoples mining bitcoin, even when the price below $7k.
Mining profitability is not depends on the price of the coin only, but depends on the number of miners around the world too, more miners = less coin.

[anatolij.shishkin]

Well, there is a chance that minen will return. Cheap graphics cards 1660 and the growth of the market will allow you to earn today. But I myself am not engaged in mining sold the farm about 2 years ago.

[OluwaTosin10]

I want to believe that mining is always profitable
The most important factor is the range and strength of your mining farm; that’s what determine your output

But also, do you dump immediately you earn from mining ? That’s another factor to consider

[CryptoNurse]

It seems like the majority of it these days is speculating that the coin you are mining might be worth more some day. Without access to cheap electric I do not see a reasonable ROI time on the equipment. I have had my rig powered off for a month or so since it was not covering the electric it was using.

[mattadc]

It always has been.  The higher the price, the more profitable the mine.  But mine as for me is no longer worth it.  Because it takes a lot of time and it is not profitable.  Expensive equipment.

[danielchris]

Although mining is the best project to another. But my views about crypto currency project for trading is more profitable instead of the another. I think so.

[jackblacksparrow]

My answer is definitely yes.  Every year it is harder and harder to mine because electricity is expensive and the equipment also does not stand still.  The only thing that pleases is that the technologies do not stand still but help us in this.

[Toraynt]

As for me, mining earlier and now only for the future, if you mine ETH or BTC, the received coins should not be sold immediately, but wait for the price of them to rise

[tins]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Bitcoin has long been impossible for mining for individual users. But I remember that in the past there was an announcement that the BTC could be profitable at $ 4,000 or more

[Freescan]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Bitcoin has long been impossible for mining for individual users. But I remember that in the past there was an announcement that the BTC could be profitable at $ 4,000 or more

if the price ratio is $ 4000, that means without having to wait for the price of bitcoin to reach $ 7,000 or more mining can still be profitable? actually I don't really know about mining but I know very little that the larger the mining equipment the greater the results, and vice versa for the return of the cost of equipment and other needs is also expensive?

[Leo]

In as much as the price of bitcoin continue to incline and not decline,  mining will be profitable again,  even though if the price of electricity is not cheap in as much as there is an incline market the mining will be more profitable

[MisterLangley]

The price deepening between bitcoin and the logging of the results we get up to a sufficient price soared to 7000 thousand plus, but all of them are still profitable with the previous results so that the return cannot be made profitable for the other party

[otong]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

only predictions and predictions that we can do and developments in the future no one can know for sure and it takes confidence and patience and in my opinion the development of crypto currencies depends on the investor itself

[Inu.Guren]

For now it looks like mining is not worth in this year because mining costs are still bigger than profit you get.
But if mining on a large scale is now possible and can already benefit from mining.
In my opinion mining will be worth returning when the BTC touches 8000 or more because it can cover the costs incurred.

[Felic43]

I think the grow of crypto currency depend majorly on the investors i can only have confidence more in cryptocurrency if only i see more investor coming in

[miklesm]

Actually, mining was giving a small profit even when BTC costed 4000$ per coin, so right now it is definitely profitable to go in for mining.

[Pet240]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Miners need to be patient a little more, in order to determine that.
Not so many people are now into mining. Instead of that, former miners now prefer masternode, but with the current price of bitcoin, it should be profitable.
I just believe they are expecting more growth, before determining how profitable it would be.
Also, the upcoming bitcoin halving is a strong factor.

[mr_random]

Mining profits depend on some variables like the price of BTC and equipment. Technical information is necessary to control the mining rigs. If BTC price crosses the 5000$ then it is profitable to continue the mining.

[Genrix]

mining is now more profitable compared to 1 year and even half a year period, so if you mine or not, it is perfect chance to buy modrn equipment and start your mining.

[Burogh]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

As far i know, bitcoin mining very profitable in several country because their county have cheap electricity cost. Compare several months ago, bitcoin price getting more better and i am believe miners will get more profits at current profits

[herrdrone]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

As far i know, bitcoin mining very profitable in several country because their county have cheap electricity cost. Compare several months ago, bitcoin price getting more better and i am believe miners will get more profits at current profits

Indeed. The lower the electricity cost is, the more profitable it gets. ROI improves when you get hardware at good price too (second hand or mining farm liquidation).

[jan.nicolas]

Price has very little to do with it, well sort of. It ties in with the mining difficulty. Most cannot compete with countries that pay under $0.05 and sometimes almost free for electricity. You cannot mine in London or Newyork and expect to make any good profits when you up against Chinese farmers which industrial sized warehouses. They also get the best miners first before anyone else.

This is true, a lot depends on the price of electricity, many countries that today have a heavy load on their territories cannot afford mining, as mining prices will be higher than the profits from this mining.

[watergold]

Could it be true that the decline in all coins a few days ago was only a small correction? as evidenced today I saw a few percent increase in almost all coins including ETHEREUM which began to rise to the price of 252 dollars and maybe that will continue slowly

[TobiasVR]

for now I see if mining still cannot be used as one of the profit-makers since the decline in BTC prices some time ago. my friend is a mining actor and they caused a lot of losses so they stopped operating mining

[darkangel]

From calculations in 2018 when btc went to as low as $5000, the profit margin went close to zero but I believe currently btc mining has become more profitable than before despite the high hash rates. I hope it continues this way to attract more investors

[Keadyar]

From calculations in 2018 when btc went to as low as $5000, the profit margin went close to zero but I believe currently btc mining has become more profitable than before despite the high hash rates. I hope it continues this way to attract more investors

Due to the increase in the value of Bitcoin, the profitability of mining has increased in almost all cryptocurrencies. Therefore, there is hope that the "winter" for miners is over.

[trauchot]

Mining began to make profit again after the cryptocurrency market began to grow and this is not the limit, so the mining devices started selling again much more expensive, so if anyone thinks to start mining, you need to start faster before the prices rise again.

[mickey_miner]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Before the price increase, mining was also beneficial, but only for those who did not have electricity costs.

[gangem07]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Before the price increase, mining was also beneficial, but only for those who did not have electricity costs.

Yes you are right mining is profitable for those who has the budget for the huge consume of electricity in mining bitcoin.

[accounting 181293]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Before the price increase, mining was also beneficial, but only for those who did not have electricity costs.

Yes you are right mining is profitable for those who has the budget for the huge consume of electricity in mining bitcoin.

how do they not spend money to pay for electricity? this is very unlikely, what else if mining is done in the city.

so that means yesterday was just not profitable, and for now I think it's still the same. mining can be said to be profitable if the btc price has returned to 10k or above.

[mctaino]

Mining is always profitable for someone or no one would even be doing it.  The days of hobby mining at home with a GPU are coming to an end.  You can't really something that is ASIC proof, there will always be better designers that can make specialized gear for a certain algorithm. 

[Xardasim]

The price increase will lead to a revival of the mining sector. After the last price drop, miners moved away thinking that this was gainless. For sure, the new price increase will be the reason for their return.

[monineklutak]

I don't really understand how much capital to mine and how much we have to spend on caring for and paying for electricity bills but what I know for sure is that mining has actually been done a long time ago even since bitcoin hasn't been released for a long time and as we know that at that time the price was still cheap but many people wanted to do it so wasn't that profitable? because if not then no one will want to do that, especially now when the price is very expensive compared to the price at that time

[Cheesus]

Mining is always profitable but not for everyone. Some people can get huge profits by mining and some people fails to maintain their costs! Though last year we heard miners are in lose zone, but then we know Mining becomes profitable again and it always be a profitable way, but that needs proper knowledge about mining!

[libert19]

Bitcoin might be not but there are many other mineable coins come in altcoin space everyday, you can mine them before they become a next big thing, though keep in mind that its not easy you will come across many scams, do due diligence to filter them out.

[traderethereum]

Bitcoin might be not but there are many other mineable coins come in altcoin space everyday, you can mine them before they become a next big thing, though keep in mind that its not easy you will come across many scams, do due diligence to filter them out.

But that will not easy to find the right coins to mine because we have so many coins that could be the next potential coin in the future.
And only with analyzing, reading, and searching for more information related to the project, we will find the right coin so we can start to mining the coin.
Bitcoin will be profitable for mining, but it will only work if we have powerful hardware that could give us a profit daily.
But don't forget that the bitcoin difficulty still increases in every day and that will be a problem if we only have small power for mining.

[2Kool4Skewl]

I think that yes, mining will be in trend again and video cards will be more expensive again.  But as for me, I would not do it.  Once I already burned no longer want.

[jan.nicolas]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Before the price increase, mining was also beneficial, but only for those who did not have electricity costs.

Is it today not profitable? I’m not talking about Bitcoin mining, because I know that today small farms are definitely not profitable. I think it makes sense to try mining on new coins that have the possibility of mining.

[premiumproductss]

It depends, for example I like the idea of iddle phone mining - Electroneum. It is profitable because you do not pay electricity pnly for mining and when you do not use your phone, you earn. 

[levvv]

Of course, mining will be profitable when the value of cryptocurrency coins increasing in the market.
And it will be better if you mining some existing coin than a new coin. Because new coin has no volume to sell yet in the exchange.

[GregH37]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

As far i know, bitcoin mining very profitable in several country because their county have cheap electricity cost. Compare several months ago, bitcoin price getting more better and i am believe miners will get more profits at current profits

Most advanced countries have very high cost of electricity, except the smaller nations, is it US, UK and even some African countries, which is why it even became a threat to china that made them made a move recently to try and ban crypto mining, so you can say electricity is that cheap, if it is cheap, why would miners stop mining when the market was in bearish trend?

The only reason why it becomes profitable for miners now is because the market is already on bull run, the more they mine now the more reward they will as bitcoin value increase which will make it easy for them to be able to pay their electricity bill and still have enough money to go to bank with.

[steveabrahams]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Yes bitcoin mining is profitable again, if the bitcoin price keep increase then the mining will be more profitable. I'm sure many of bitcoin miners that give up back then will come back again after they seeing the bitcoin price right now. The sad is the transaction fee is become bigger.

[rijaljun]

Mining won't be profitable anymore, never. It is because most people only care and interested on popular coins. Imagine how hard they are, the first crypto adopters to build a successful coin. If people support a small or unpopular coins, they might have a lot of profit once the coin become successful.

Big respect for early Bitcoin, Ethereum, and other cryptocurrency adopters!

[richard007]

Firstly Hello, So, as we Speak of Mining Here As per the past few Years Mining was totally into Dust as for its major setbacks in Growth of Cryptocurrency and Mining Went totally out of Picture. Trust me Mining wasn't Always so Profitable As the Prices in the Market Increased and as per The growth of Cryptocurrency increased competition also increased and only High-End material which Costs Big Bucks would only make a certain amount of Profit. As such if you seriously want to get into Mining make sure You are prepared for High and Powerful Investment. and rest it all depends on the Market. 

[Noojna]

Bitcoin mining profitability comes and goes; the manufacturers making the Bitcoin mining machines will not give away any profit, so for them to sell their product the selling price always puts the mining machine buyer at a disadvantage.

However, when Bitcoin price rises such as what we are seeing now, people who own these Bitcoin machines not win a two-fold speculation: their mined bitcoin is worth more and they can sell the machine they mined BTC with for more money than that paid. This can only happen in a very tight window however.

[bolshojkush]

I think that yes, mining will be in trend again and video cards will be more expensive again.  But as for me, I would not do it.  Once I already burned no longer want.

Mining will be beneficial if you invest a lot of money in the equipment, but it will pay off for a very long time. And since the cryptocurrency is very volatile, this time can only increase.

[97percent]

I do not do mining so it does not know about its development. But if you look at Bitcoin's price growth now, all the crypto markets should have increased. Includes mining that should have improved. Mining should be able to provide benefits to miners.

[daporivera]

Majority of people get involved with cryptocurrency are concerned about accumulating only bitcoin in their wallet, i wouldn't blame them actually because that is  a clear sign they only want to make some quick money. Mining will always pay off on the long run as to the minority who have in-depth knowledge about cryptocurrency they know, it is not about just bitcoin alone. few years from now when other alt coins have good market prices, they will wish they didn't focus on only bitcoin.  

[thd26bct]

Mining profits partially depend on price of coins, so when price goes up and if difficulty level remains stable & nearly unchanged, we might say mining profits will become bigger when Bitcoin rises, when altcoins rise. However, in general, it this good because it positively support potential rises of mining profit.

[el kaka22]

I think there is always profit in mining but it all depends on what you want to mine, there are different stuff and different calculations that you can use to mine and not all work the same. Right now, "most" of the miners make a loss or not use their systems and the small scale that use it only use it on weird obscure coins that still profit them.

Of course, eventually that will be profitable yet again and everyone will start to mine again which will make difficulty go up again and it will make people stop again and this will continue in a forever spiral. There is no way mining could be profitable all the time, if something is profitable then everyone will do it and since there is difficulty in mining the moment people join the difficulty makes sure they do not profit as much.

[jackblacksparrow]

Mining as for me it is always profitable if you have free electricity.  In other cases, it is very problematic.  And not everyone can do it.

[max6575]

with more of support as preparing use of tools and application that worker to put of decision as expending resource to gains with benefit on jobs with the mining and collects of returns on finish of terms with the project plan.

[jan.nicolas]

Mining won't be profitable anymore, never. It is because most people only care and interested on popular coins. Imagine how hard they are, the first crypto adopters to build a successful coin. If people support a small or unpopular coins, they might have a lot of profit once the coin become successful.

Big respect for early Bitcoin, Ethereum, and other cryptocurrency adopters!

I support the view that the mining of large projects on a small scale is really not profitable. Today it is more profitable to speculate mining of small projects. Here chances really grow very quickly.

[Landak]

mining bitcoin for now? I think, not too profitable especially next year there will be a halving of Bitcoin. try to mining one of the existing altcoins, it seems more profitable.

[akram143]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if you have the previous setup for mining cryptocurrency is it is always profitable but the profit was little bit low in this situation because the value is not expected as good as the previous time but if you want to do it as a fresher I don't recommend it because there money that you need to invest in it is really more higher.

[panjay]

Mining will always a profitable one, I'm talking about a spec mining who you mine a specialized type of coins that's like "do or die" situation, so much risk in it as the great "varys" said: the greater the risk, the greater the rewards.

Find a coin/token who not appealing enough for a now but have a promising quality, dev, community etc.

[jak3]

mining is already profitable. but its just bit harder right now. people have to invest a lot of money if they are going to make some more. it's like investing in a company it's just that the machine is more trustworthy than a company and it is also paying a lot more than a company would pay. I don't think right now a normal person will even think about mining as big miners are scratching the network. your best bet is not to mine altcoins and wish that it will someday get a lot of price like bitcoin did.

[Impaler]

Mining nwad much more profitable btnhan now at a time. But after bear market came mining is not that much profitable. If you are a home miner or mine with a medium setup then it was a hard time for those people, to continue. Mining bdeoends on many factors and the main problem of home mining is electricity. The cost of electricity isnhigh for home connection. And if the coin price is not that much high then it will be just a lose of money. But the market is recovering day by day. And again mining is going to  be profitable. And it's also depends on which coin you are mining. So if you want to make a mining setup. Do some math and then go for it.

[qomariah95]

I think people who have done mining before will start doing it again. Because they have seen the cryptocurrency market that has begun to recover. If this continues, of course the people who do the mining will come back again. Because it's impossible to mine if the crypto market is low.

[ljane]

Yes I believe that mining will be profitable again especially this time where the crypto market is recovering and prices are pumping. I believe people have done mining for sometime now and will come back again to it due to the current state of the crypto market now. Things are getting better.

[94K]

Those who have done mining before will tell you that mining was profitable except when the market was down for sometime now changed everything. I believe when the market recovers, mining will bounce back

[karankamaze]

Those who have done mining before will tell you that mining was profitable except when the market was down for sometime now changed everything. I believe when the market recovers, mining will bounce back

but beforehand you have to really think about the costs of mining itself because there are many countries with expensive electricity costs and may include the country where you live.
so you have to think about it first before deciding to do mining.

[louisBSAS]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

I noticed that the largest manufacturers of mining equipment again began to receive orders more than they can produce equipment. This means, first of all, that mining has again started to bring good profits and those who want to make money rushed to buy all the available mining equipment. If the price of Bitcoin grows further, it will reduce the payback time of the equipment.

[rijaljun]

I support the view that the mining of large projects on a small scale is really not profitable. Today it is more profitable to speculate mining of small projects. Here chances really grow very quickly.

If you can support small project, then it's good for you. Just remember, it's not that easy as everything is already exist. It's not about "first of its kind" but about "best of its kind". Yeah, it's time for competition!

[mamahdedeh]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining requires huge capital and resource costs so I think we should be careful in calculating this capital. Not only financial capital that we spend but also the time, energy, and thoughts that we spend. Non-financial capitals must also be appreciated so that we can calculate capital as a whole. If now we are mining then the benefits we get are still very tight. Although it remains profitable but this profit is not large enough. If we want to get even greater profits, we can only hope that the price of the coins we mine will increase. For example, bitcoin, I hope the price of bitcoin can be twice the current price so that if you do mining you can get a big profit.

[Kay94]

Absolutely. Its a matter of time. I believe its up to the crypto market to recover. Mining will be profitable very soon.

[whirlcoin]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

it is not profitable in this situation mining needs lots of electricity to invest for the profit but the profit percentage was little bit low so he cannot take the risk in this situation and after getting a good value only you can do it again.

[BUK2016]

Bitcoin mining is still very much profitable and is the reason why most of the mining company are still in the mining business till today. But if you as an individual want to start up Bitcoin mining business I will recommend that you should go for altcoins mining business since the cost for setting up that one is a little lesser than that of Bitcoin mining.

[Yamifoud]

Bitcoin mining is still very much profitable and is the reason why most of the mining company are still in the mining business till today. But if you as an individual want to start up Bitcoin mining business I will recommend that you should go for altcoins mining business since the cost for setting up that one is a little lesser than that of Bitcoin mining.

But they think that mining Bitcoins is more profitable than of mining altcoins, even it cost a lot more but they will be preferred to put their money on this.
Because the logic might be this way, spend more earned more. If we think that we can make money in bitcoin, then why not taking the risk for it!

[Xalata]

if bitcoin keeps rising all over again then sure mining bitcoin would be profitable to mine but the question is how best can you keep up with all the mining farms all over the world especially in China. Remember bitcoin is based on proof of work and also there is periodic increased in difficulty level. All this makes it very difficult to get a block reward.

[Noojna]

if bitcoin keeps rising all over again then sure mining bitcoin would be profitable to mine but the question is how best can you keep up with all the mining farms all over the world especially in China. Remember bitcoin is based on proof of work and also there is periodic increased in difficulty level. All this makes it very difficult to get a block reward.

Actually the Chinese government is looking for controlling or shutting down the Bitcoin farms there; this should reduce or at least slow down the tremendous hashrate growth there!

[jan.nicolas]

I think people who have done mining before will start doing it again. Because they have seen the cryptocurrency market that has begun to recover. If this continues, of course the people who do the mining will come back again. Because it's impossible to mine if the crypto market is low.

Perhaps this is true, but do not forget that people have become smarter and the power that would give today the opportunities for mining has become more and they are only improving. I think it can create more competition.

[teramoon]

good afternoon! Heard much of mining equipment so far, the market is was booming despite the btc drop in 2017 and 2018. I am newbie here, searching for professional solutions for fast mining payback, 3-6 month in total. Could anyone suggest a right place to order& I want to have guarantee and 24/7 support as well. Live in America, Chicago. Thanks!

Hi! I was searching for the same kind of advice for several days here and on other BTC resources. As I live in NYC I have found pretty complete serrvice with support and a shop on their site. https://asicequipment.com As they are situated in NY as well, I received my Antiminer S9i in 2 days. They already debugged and installed all necessary soft. I can help you with getting in touch if you want

[Aptekary]

good afternoon! Heard much of mining equipment so far, the market is was booming despite the btc drop in 2017 and 2018. I am newbie here, searching for professional solutions for fast mining payback, 3-6 month in total. Could anyone suggest a right place to order& I want to have guarantee and 24/7 support as well. Live in America, Chicago. Thanks!

Since the price of Bitcoin has already exceeded the cost that was abroad for the recovery of Bitcoin mining, And this is about $ 6,000, then profitability is here in terms of performance today has good performance.  I do not know what to advise you, but the media have already mentioned many times the liberal laws in Belarus for all the miners.

[Best Dreams]

I do not do mining so it does not know about its development. But if you look at Bitcoin's price growth now, all the crypto markets should have increased. Includes mining that should have improved. Mining should be able to provide benefits to miners.

Mining is surely beneficial same as all other crypto earning resources but for mining we will have to spend money only then we will be able to earn money those who use this strategy gets better result out of this mining programs actually it consumes allot of electricity but at the end it makes money as well, in my place there are so many professional miners who are working day and night only for mining.

[Smitt]

The advantage of mining bitcoin is very good, from the previous price of under $ 7000.  If you have mined last year and hold bitcoin, then you can wait when the price is above $ 8000.  Of course, you will get profit from mining but you have to calculate the expenses that you use to mine bitcoin.

[teramoon]

good afternoon! Heard much of mining equipment so far, the market is was booming despite the btc drop in 2017 and 2018. I am newbie here, searching for professional solutions for fast mining payback, 3-6 month in total. Could anyone suggest a right place to order& I want to have guarantee and 24/7 support as well. Live in America, Chicago. Thanks!

Hi! I was searching for the same kind of advice for several days here and on other BTC resources. As I live in NYC I have found pretty complete serrvice with support and a shop on their site. https://asicequipment.com As they are situated in NY as well, I received my Antiminer S9i in 2 days. They already debugged and installed all necessary soft. I can help you with getting in touch if you want

do they ship to other states? In Chicago?

Free worldwide shipping mentioned on site. The thing is that they not only sell antimining eq. but mine themselves, so all the eq. is tested and of the best quality

P.S. As for me the bitcoin price matters if you have expensive electricity costs.

[qomariah95]

Maybe it can be profitable and maybe not. If many people return to mining, of course with the current market conditions, the meaning of mining will be profitable again. But if people haven't returned to work on this, it means that the work to do mining isn't profitable. Maybe waiting for the market is even higher.

[teramoon]

good afternoon! Heard much of mining equipment so far, the market is was booming despite the btc drop in 2017 and 2018. I am newbie here, searching for professional solutions for fast mining payback, 3-6 month in total. Could anyone suggest a right place to order& I want to have guarantee and 24/7 support as well. Live in America, Chicago. Thanks!

Hi! I was searching for the same kind of advice for several days here and on other BTC resources. As I live in NYC I have found pretty complete serrvice with support and a shop on their site. https://asicequipment.com As they are situated in NY as well, I received my Antiminer S9i in 2 days. They already debugged and installed all necessary soft. I can help you with getting in touch if you want

do they ship to other states? In Chicago?

Free worldwide shipping mentioned on site. The thing is that they not only sell antimining eq. but mine themselves, so all the eq. is tested and of the best quality

P.S. As for me the bitcoin price matters if you have expensive electricity costs.

does the Antiminer E3 looks exact the same as on site? Included PSU is awesome
i have 14.4c kWh price I may lower it if the quantity will rise

I do not know about the E3 model, but the S9i was delivered in pure condition! 14.4 is very low! I wish I had such price

[MakeMoneyBtc]

Bitcoin mining has remained profitable throughout all of this time, the only difference is that now you have to allocate more money in order to be able to make profit. There are dozens of firms existing that have invested millions of dollars and they do it because it's profitable and it will be for a long time as long as people use bitcoin and pay fees

[insidertradingeverywhere]

Maybe it can be profitable and maybe not. If many people return to mining, of course with the current market conditions, the meaning of mining will be profitable again. But if people haven't returned to work on this, it means that the work to do mining isn't profitable. Maybe waiting for the market is even higher.

coin mining is not going anywhere, I believe that there will be a benefit if new technologies are applied, for example, alternative energy sources,

[rarkenin]

good afternoon! Heard much of mining equipment so far, the market is was booming despite the btc drop in 2017 and 2018. I am newbie here, searching for professional solutions for fast mining payback, 3-6 month in total. Could anyone suggest a right place to order& I want to have guarantee and 24/7 support as well. Live in America, Chicago. Thanks!

Since the price of Bitcoin has already exceeded the cost that was abroad for the recovery of Bitcoin mining, And this is about $ 6,000, then profitability is here in terms of performance today has good performance.  I do not know what to advise you, but the media have already mentioned many times the liberal laws in Belarus for all the miners.

Belarus made over the 200 BTC per year in old years and their government paid the foreign sovereign funds with the money from crypto mining. It proves how profitable is to support the cryptocurrency mining for each government.

[youdacapt]

Now at this time the Bitcoin price is rising and also followed by other Altcoin prices so that the costs for miners will definitely increase because with the price increase, the value of tokens obtained by miners is also increasing so clearly price increases will also benefit from the current bull run, especially the miners who have saved a lot of coins when prices dropped naturally by releasing now can cover their equipment needs.

[unbotak]

Maybe it can be profitable and maybe not. If many people return to mining, of course with the current market conditions, the meaning of mining will be profitable again. But if people haven't returned to work on this, it means that the work to do mining isn't profitable. Maybe waiting for the market is even higher.

coin mining is not going anywhere, I believe that there will be a benefit if new technologies are applied, for example, alternative energy sources,

we are not sure whether it is currently profitable to become a miner.
only those who really do mining can answer this with certainty.
But if you look at current crypto conditions, mining isn't as good as it used to be to me.

[Bitcoin Smith]

Definitely mining is profitable in sometimes but right now it will definitely not possible to get profit for your work and if you mine your lots of currencies also it will not be profitable for your expense that's why I say this

[btccrusher]

Mining should be profitable or else the chain won't sustain. If mining is not profitable then most miners will stop their machines, so there will be zero transaction confirmation forever. Another aspect here is the price will go high to keep things up. Don't be afraid of Bitcoin mining, but stop mining any shitcoin.

[Litzki1990]

For me i should not go on mining the bitcoin price still low i am not convincing that i am gonna earn in mining because the expenses of the equipment was so high and also the electricity being use if get into mining maybe i should wait a little more if bitcoin rising up more of price.

[teramoon]

gotcha, thank you very much guys! I will contact them to discuss the possibility of small discount and shipping terms to Chicago, @teramoon

I wanna continue mining on my own using new equipment, professional one. There is no need to hesitate now. The sooner the better I suppose

GL, hope you like it

[rodel caling]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Since from the bear market start miners is one of the most affected, nowadays nothing doubts mining is back into the games to get profits after suffering more than a year.

[bangjoe]

The advantage of mining bitcoin is very good, from the previous price of under $ 7000.  If you have mined last year and hold bitcoin, then you can wait when the price is above $ 8000.  Of course, you will get profit from mining but you have to calculate the expenses that you use to mine bitcoin.

As far as I know the costs are big but there are some who still do it, so that it can be said that mining is still profitable, there is also the possibility that they are still doing it not because they want to take their profits or profits now but maybe they intentionally do it to add their bitcoin assets, I'm sure many people are aware of the potential of bitcoin especially because the longer bitcoin is getting more popular and that will make bitcoin more likely to be able to return to high prices and maybe even surpass it

[2tang]

the logic is that before bitcoin has a high price even far below the price that there are now people who are mining and they make a profit by what they do especially with the current price far in comparison with the previous years, mining is certainly the way good for profit from bitcoin

[Ronaldcoin2017]

the logic is that before bitcoin has a high price even far below the price that there are now people who are mining and they make a profit by what they do especially with the current price far in comparison with the previous years, mining is certainly the way good for profit from bitcoin

Well i agree on that, i see that the mining is now profitable due to the continuous price growth pf the bitcoin. Crypto mining is always depends on thr bitcoin status, because bitcoin is thr most profitable coin and it is the first crypto coin in crypto that is why everyone really depend on it specially in mining, if the bitcoin continue to rise mining will really become profitable again.

[islafilipina]

I think it is still not clear if mining will be profitable again as i said before mining will be more profitable if the price of the electricity in your country is cheap

[redsun114]

Mining profits partially depend on price of coins, so when price goes up and if difficulty level remains stable & nearly unchanged, we might say mining profits will become bigger when Bitcoin rises, when altcoins rise. However, in general, it this good because it positively support potential rises of mining profit.

Do you know the cost of mining a Bitcoin is more than $4500 in the US? There is tremendous cost of electricity involved and you have to have some good number of hardware as well. You have to spend time and due to these reasons, very few Bitcoins have been mined since 2017 I think. So I believe the alternatives available are way more lucrative than this option.

[thd26bct]

This is a good explanation why most of bitcoin mining farms, and biggest ones concentrates in China, in which mining farms can take advantage of very cheap electricity cost. Generally, mining is not good for the planet in environmental side, so in the future, new generations of crypto currencies will not stick with Proof-of-Work, but purely Proof-of-Stake and Masternodes is not a solution too. The reason is purely PoS/ MN coins totally premined, and this is very good  space for scammers. The solution might be a hybrid one, like Ethereum aims at, PoW first, then switch gradually to PoS/ MN phase.

Do you know the cost of mining a Bitcoin is more than $4500 in the US? There is tremendous cost of electricity involved and you have to have some good number of hardware as well. You have to spend time and due to these reasons, very few Bitcoins have been mined since 2017 I think. So I believe the alternatives available are way more lucrative than this option.

[DainSLane]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

I think this is not the right time for mining i believe there is no profit from mining as of now the equipment for mining was so expensive and the electricity bill was so high also, maybe when bitcoin reach into $10000 we should go on mining.

[ahmed04]

Mining cryptocurrency has now become more profitable than it was. I'm starting to notice that makes have stopped selling their graphics cards. Miners realized that nothing is finished.

[superstarbtc]

Mining profits partially depend on price of coins, so when price goes up and if difficulty level remains stable & nearly unchanged, we might say mining profits will become bigger when Bitcoin rises, when altcoins rise. However, in general, it this good because it positively support potential rises of mining profit.

Do you know the cost of mining a Bitcoin is more than $4500 in the US? There is tremendous cost of electricity involved and you have to have some good number of hardware as well. You have to spend time and due to these reasons, very few Bitcoins have been mined since 2017 I think. So I believe the alternatives available are way more lucrative than this option.

Yes, you are right and it is not an easy job to mine the coin very fastly and it is completely based on mining hardware requirement. Yes, we need to spend a lot of money to mine the coins and for maturity, it will take more than 3 months if you have proper mining equipment.

[ali115112]

As you kow the cost of Bitcoin mining is almost $5000 per Bitcoin and price is almost $8000 so Bitcoin mining is  profitable now.

[Dpat]

As the Bitcoin price has grown enough and also the volatility increases so this time mining could be profitable. But you have to install your highly sophisticated equipment which lead to less power consumption. Only this way you could get enough profit from your mining with less time. Also, another way I would like to suggest you that install solar power necessary for the mining so that you could get the free energy. But, in less time you also get recovery of your solar cost.

[SRKNGL]

I know that the number of mining workers has decreased this year. We can understand that from difficulty. New cards and devices are shut down to prevent damage from falling out of prices...

[Hypnosis00]

I know that the number of mining workers has decreased this year. We can understand that from difficulty. New cards and devices are shut down to prevent damage from falling out of prices...

It is pretty hard to get a decent income from mining since the numbers of mining business increase but the price remains at low, and not wonder why some will drop down and collapse. Mining business needs a stable market demand, transactions to process and coins to mine but during the bear season, mostly everyone is at hold and so there is nothing to mine. Hope as the market goes back, it helps mining institution build back their profit and continue their job.

[CutePanda]

Mining is less profitable if you are comparing with last year. But we  still have a chance to do other activities such as doing bounties. Although we doesn’t get paid higher but it is better than doing nothing when we have extra time.

[Pithaxz]

I think the advantage of miners when they have adequate equipment and what I know if available is mining is still profitable. but if we look at the current market situation that has not improved it can affect profits in mining.

[BitTraderCute]

Mining is less profitable if you are comparing with last year. But we  still have a chance to do other activities such as doing bounties. Although we doesn’t get paid higher but it is better than doing nothing when we have extra time.

at this moment there are much miners prefer to stop their operation.although we have less profits with current condition , atleast we have more opportunity to get higher hash rate to collect bitcoin more than before.maybe we spend cost operational and hold our mining reward till its price go back ath will be better.

[Babyrica0226]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Since that you are referring to Bitcoin topic, this discussion must supposed to be in bitcoin discussion right?
Now, you are asking about bitcoin mining is still profitable? My answer is that if you are planning to get bitcoin profit through
mining, better for you not to do it. Due to I don't think its the right time now to apply. If I were you it is much good
to do the actual trade in the market.

[viananda2525]

Mining is less profitable if you are comparing with last year. But we  still have a chance to do other activities such as doing bounties. Although we doesn’t get paid higher but it is better than doing nothing when we have extra time.

at this moment there are much miners prefer to stop their operation.although we have less profits with current condition , atleast we have more opportunity to get higher hash rate to collect bitcoin more than before.maybe we spend cost operational and hold our mining reward till its price go back ath will be better.

only big miners that could survive in this condition.small miners usually has less resources such as money to pay their cost operational monthly.this is not adviced if we stop mining bitcoin, someday when btc halving happen we will earn more profits.

[Malam90]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

The previous few months, mining firms faced huge losses as the mining fees per BTC was higher than the actual price of BTC. But now BTC is $8000. So mining can be again profitable for the mining firms.

[AjithBtc]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

The previous few months, mining firms faced huge losses as the mining fees per BTC was higher than the actual price of BTC. But now BTC is $8000. So mining can be again profitable for the mining firms.

Compared to the past year now the market has recovered, and the same might be generating some added earning.  Investing continuously into mining was truly profiting over the days of bitcoin reaching above $10000. As the price has now crossed $8000 surely more miners will get to be more active. One thing, the investment is very big and the ROI on the investment is very low.

[ghost424]

Mining was always profitable. It was never not profitable in a way because of the fact that the only investment you are making is energy. You only need to remind yourself that there are times that you need to withdraw the value that you have mined. Mining is one of the easiest way to earn if you still do not know how the forum works and everybody can learn how to mine. Mining was how i started to learn and be interested in Cryptocurrency.

[oli123]

Profitability of mining is yet to come, this period is repeated regularly. Yes, the bitcoin price still has to go up. But then there will be an increase in altcoins prices and then mining will be profitable. Anyway, you have to wait for it, patience.

[Ucy]

in your post you are talking about bitcoin but you posted it in altcoin board so do you mean bitcoin mining or altcoin mining? because it is unclear!

bitcoin mining has always been profitable, that is why it has the highest hashrate which is so huge that nobody can 51% attack it without spending millions of dollars. and it will remain profitable no matter what the price is because of the well design mining algorithm that adjusts the difficulty of mining based on the hashrate.

Well, many miners have to stop mining to make mining bitcoin profitable for the few remaining miners. I don't consider this as being profitable... Most miners made lots of losses before leaving.

[daniel2023]

The present increase in price of Bitcoin is really a big boost to the Mining business. But further increase in price will be more lucrative for the miners and all  sundries in the cryptocurrency world.

[kodtycoon]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

i don't think mining will be detrimental, mining is something that is very profitable if done well and even though the price falls but it can still be hold and will still be profitable in the future

[huhhuh18]

It is profitable but wouldn't be profitable to anyone and at anytime. As time goes on, you'll need to be very rich before you can engage in any profitable mining- that's the smartness of the Bitcoin or PoW network.

[Noojna]

Mining becomes profitable for miners already in the market, when BTC price rises quickly. People looking to get in after price has risen will not be profitable.

[Uju4real]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Yea of course mining will be profitable again cos I believe the rise in Bitcoin will also be an advantage  it the profit wouldn't be that huge anymore cos of more influx of people into minning

[SaRmY]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Yea of course mining will be profitable again cos I believe the rise in Bitcoin will also be an advantage  it the profit wouldn't be that huge anymore cos of more influx of people into minning

I do not know it's time to give up home mining. I think it is too difficult to maintain prey today. Even despite the growth of cryptocurrency. I think farms are already in the past.

[Thomas-s]

Mining becomes profitable for miners already in the market, when BTC price rises quickly. People looking to get in after price has risen will not be profitable.

most of all it is not clear how to be people who now want to start mining. whether should they do it in general? I see more promising coins that are based on POS

[kevinzxz]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

in my opinion with the price of Bitcoin like now, then mining becomes profitable again, because the price of Bitcoin has started to improve and I'm sure the price of Bitcoin will continue to increase, so that you can get profitable from mining and my advice is better that some of your mining results are hold until Bitcoin prices return like at the end of 2017 or more than that price.

[waitforme]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Some investors in my country have stated that mining will be profitable if Bitcoin has a price above $ 5000. So Bitcoin is currently priced at $ 8,200, so I think that current mining brings a lot of benefits to investors.

[blackhawkeye1912]

Last quarter of 2018, certain number of miners had quit mining due to the bearish market together with the very low prices of coins. For small time miners, that was a struggle because of the lack of enough funds. Now, that ths market is green again, it is profitable for small time miners.

[starblocks]

As the market begins to recover from the winter phase it will become more profitable across the board to mine both Bitcoin and alternatives and mining the former is now becoming more decentralized which will make it more profitable for individual miners as well as larger groups and increased hashrates will help improve network health and allow the industry to innovate further which should result in improved investor confidence

[Noilee]

I think mining is still profitable but it is always give a small profit,lower that past few months and year because the price of bitcoin is high so they can only mine only small amout of bitcoin. For me it is good to do other bitcoin activity like trading and bounty because we can get more income coming from this activity compare to mining.

Even if gives only a small profit, just continue it, instead wait for the day you earn a larger. More patience needed in mining so that it will be profitable. But in my idea mining is really profitable if compare to other activities.

[zhekinsp]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

we cannot say it will be profitable in this situation because everyone no mining is difficult and very hard but once you put all the equipments together then it will give the little profit but if the value of the currency is increased only we can manage the electricity bill also that's why I am saying this will not be profitable way in this situation.

[bgaf]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Yes even the price is that low. Mining can be still profitable not only btc and eth can give huge profits but you must look on other coins that can be mined and has low difficulty. Must choose a good coin with exchange listed and has considerate volume too. I think even now the profit is becoming huge since the market recovering. I think its time to buy cheap equipmemt now.

[thd26bct]

Yes even the price is that low. Mining can be still profitable not only btc and eth can give huge profits but you must look on other coins that can be mined and has low difficulty. Must choose a good coin with exchange listed and has considerate volume too. I think even now the profit is becoming huge since the market recovering. I think its time to buy cheap equipmemt now.

Mining has become more profitable with recent surges of Bitcoin. Even with altcoin mining, it has also experience same things, when price of altcoins rose significantly. However as always, price rises also occur simultaneously with higher difficulty, but generally mining gives miners more profits for sure. For miners, whom don't have demands to sell their coins immediately for some kinds of expenses, like electricity bills, and other things in their lives, they should hold their altcoins that they got from mining. Months later, they can get more money from same amount of altcoins. It means holding leads to higher mining profits.

[mikelsmith2020]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

The concept of mining is to gather bitcoins as much as possible with the hashes you have and sell it when the price pumps again but if you rely on the circulation of your money for example mining bitcoin and selling it just to pay for the electricity bills I think this is not the right time to do that. That's why mining is a very expensive type of investment to earn bitcoin or cryptocurrency.

[Zdraste16]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

The cryptocurrency market began to recover after a rather long and significant fall in prices.  Of course, mining will come back, and, most likely, with more modern equipment and production volumes will increase.

[AgentZero23]

Mining still profitable and now Btc and Eth prices are going up, ROI in mining in is good. However, mining hardware are expensive and also electricity is expensive depending on what country you live in. If you have the money and the rate of electricity in your country is not expensive then mining is great choice of investment.

[Adriano2010]

I wish that to be profitable again and also small miners or who want to can buy some mining equipment and on this way we can have a more decentralized mining.

[Nellayar]

I think yes! Because there is a fact that the miners in China banned by the government. In that case, many miners will be gone. When there are no miners, mining will become profitable. If that happens, I will buy some mining rigs and start to mine bitcoin. Because mining bitcoin will cost highly someday.

[Clark05]

You know the true why people can't mine is because the electricty in their country like me have expensive that's the first problem of the miner. But if you are in the place who cheap you can set up mining and start mining but before set up anything else make sure you do research on how the proper mining of the bitcoin to avoid problems in the future and losing some of your capital because you don't have any plan.
I think once the market recover mining will be profitable again.

[farlack]

I think now it is profitable as BTC price is relatively high. yeah, btc pumped like 2.5 x for a short time and now mining became profitable!

[Golftech]

I think that yes. The higher the price of Bitcoin, the more profitable to mine the currency.  So though, would come to cover the costs.  And you will not work in the minus.

Everything will be depends on how much your expenses will be, mining is no longer profitable after the long bearish stayed over time, now that we currently seeing the good rise back miners who can keep on waiting and willing to cover all his expenses will get the benefits when market start to move even more higher.

[Kiefner]

Mining will always be profitable for existing miners. But to start doing this is not as profitable as before, because you have to spend a lot of money on equipment and then wait until it pays off.

[asbak66]

Yes if we can get big bull run. But not at this moment when BTC price is still around $8000.
I think if we can surpass at least $9000 - 10000, will be profitable again for miners.
Probably in the 1 or 2 months we can reach them if nothing happen on crypto.

[AngellSky]

mining should provide profits at any time, but profit mining depends on crypto prices, if indeed the crypto price can return to a high position. for mining purposes, it must be regulated so that mining can still run and generate profits

I do not even know how things are with the real miner today, since I did not get good results when the cost of Bitcoin was $ 4,000.  According to some statements of cryptocurrency users, Bitcoin mining payback is at the level of $ 5,500 and not lower.  But since the price of Bitcoin today fluctuates around $ 8,000, well, higher or lower, it seems that mining is becoming popular again.

[Classica35]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Definitely, mining can still be very profitable. I expect thata miner or potential miner who wants to go nto mining, should first makes his calculations to see how profitable it will be to him.
Mining is a passive means of making profit, which means those who are too busy still have the opportunity to partake in it.

[traveler007]

I read news today that Bitcoin hash rate hit new AHT difficult. So, the more expansive BTC, the more difficult mining. But this ill be definitely profitable I think, as chinese miners are bulilding new fabrics for mining...

[Necroface]

it is not profitable since a long time, i do not know which country you talk about but for turkey we were all in trouble after electric costs increased. now it started to give a little but really if i did not have my rigs, i would not buy, you can not get your money back for years like this, then you will earn, bla bla uuuuuuuu!!!

[Distinctin]

it is not profitable since a long time, i do not know which country you talk about but for turkey we were all in trouble after electric costs increased. now it started to give a little but really if i did not have my rigs, i would not buy, you can not get your money back for years like this, then you will earn, bla bla uuuuuuuu!!!

That would be a big consideration in the mining business, expenses will take more rather than of being profiting. But somehow we need to risk and find what strategies will help solve it. It may be in your area never be a good place for mining but in the other place just like in ASEAN countries, will possible that they are earning profits right now since the market has turned it good.

[wdnj]

Mining is always profitable but you need to weigh things up,
We are not  new in this as there are so many people mined before even BTC at low like less than a thousand usd per piece.
Now, what we should weigh to know if it is profitable, we should calculate the maintenance and electricity on having the mine first.

[Beyerd17]

Mining is always profitable but you need to weigh things up,
We are not  new in this as there are so many people mined before even BTC at low like less than a thousand usd per piece.
Now, what we should weigh to know if it is profitable, we should calculate the maintenance and electricity on having the mine first.

Yeah no, mining is not always profitable. How do you come to a conclusion like that? Mining can be profitable if the right conditions exist for it to happen, it depends on lots of factors, but is not always profitable.

[TrevorS]

In my opinion, mining has always remained profitable, even if now the ratio of costs to revenues seems doubtful, in potential, it can bring greater profits.