Will mining be profitable again?

[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

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[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.