Will mining be profitable again?

[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.

[1714488501]

1714488501

[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.