Will mining be profitable again?

[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.

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[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.