Will mining be profitable again?

[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.

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[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.