Will mining be profitable again?

[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.

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[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.