Will mining be profitable again?

[joseyphil82]

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?

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[BitcoinHodler]

in your post you are talking about bitcoin but you posted it in altcoin board so do you mean bitcoin mining or altcoin mining? because it is unclear!

bitcoin mining has always been profitable, that is why it has the highest hashrate which is so huge that nobody can 51% attack it without spending millions of dollars. and it will remain profitable no matter what the price is because of the well design mining algorithm that adjusts the difficulty of mining based on the hashrate.

[lyks15]

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.

[zgrdyg]

It is still profitable otherwise no-one would mine.

But if you talk about profits back then, no it will not be like the same. Because more and more people trying to earn money with mining and that is causing less profits.

[jrrsparkles]

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?

When you have the right mining equipments then for sure you will get profits from mining.Bitcoin mining will be better profitable than how much it was in earlier this year but it is better to mine altcoins then convert it into bitcoins which is good for the low hash rates miners.

[rijaljun]

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?

You mean Bitcoin mining? I would say no, still no for personal miners. You need a huge amount funds to start. If not, you won't find any blocks to solve and leave you with a big electricity bills. Well, price doesn't really affect big miners income too much (in my opinion) but miners is a party that will encourage Bitcoin to increase in price.

[coin-investor]

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 you mean Bitcoin mining, no I don't think so, it is still not profitable, but if you mean altcoin mining, yes just pick the right coin to mine I'm mining Banano and Veil and JSECOIN these coins are easy to mine and with good profit if Bitcoin hit $10000 above.

[butka]

Of course it is profitable. Otherwise, no one would be mining it. It is pure economics. Even when bitcoin was about $3,000 or so, the network was as strong as ever, meaning that people were mining it all the same. Miners cannot afford to speculate and calculate profits that may or may not come some time in the future. They have recurring expenses which need to be settled month after month. Now, there might be nuances, depending of the size of the mining equipment one possesses, but in general, yes bitcoin mining is profitable.

Since this is an altcoin board, even altcoin mining can be profitable, depending on the equipment you own (and electricity bills in one's country) . Granted, it is not as profitable as it used to be, but I know altcoin miners who are still making profit with the current altcoin prices.

[eagleman]

Now that bitcoin is at 7000k plus is mining becoming profitable again?

Mining would always be profitable. If it isn't profitable, no one would actually mine bitcoin and all transactions are delayed because no one will ever confirm it.

Or bitcoin still have to surge more in price before profitable mining returns?

If it surges more and brings altcoins up again, surely it will be more profitable for altcoin miners too.

[BlackFor3st]

It will depend to the resources, if the resources is very cheap then mining is very profitable type of investment. Let's just say that not only for bitcoin but also for other currencies that has a potential in the long run.

But if the price will reach like 10k plus then it will give a good amount of profit to the miners and I am pretty sure that the market will be alive again. Investors, project owners and supporters will surely be the first to welcome it.

[mindrust]

It will eventually but it doesn't make any sense to wait for it. When mining becomes very profitable that usually means the time has come for you to sell your coins. It doesn't and won't  last for long because when it becomes profitable every ASIC manufacturer will spawn thousands of new miners from their factory. Same with the GPU mining. Every gamer and his grandpa will be mining the shit out of crypto so it'll become unprofitable very quickly.

[jjjfff]

Check out the hashrate chart at https://www.blockchain.com/en/charts/hash-rate

Hashrate has a positive correlation with price. Soon as BTC shoots up, hashrate goes with it.

The only way to make money in mining is to have enough cash flow to hold the BTC until it gains dollar value.

Mining is not immediately profitable as soon as the coins are received, per market competition. So something like coinwarz calculator does not work for BTC really.

But if you got cash to keep the mining going and store the BTC, then the future dollar gains might make it profitable.

[Pffrt]

Are you talking about mining bitcoin or any specific altcoin? If it's bitcoin, I think you should give up because it requires huge hardware investment. Yoi can mine altcoin though.

[alt-fire]

Ofcourse because of price raising and bitcoin growing up (now it around 7000 of dollars) the mining can be again profitable but need to say that more effect reason of interest to mine BTC will be the halving which take place in around 1 year.

[Kencha77]

Depending on your location and what gpus your mining with. Mining would still be profitable if you have a low electric bill since this is a board for altcoins I can say that some coins are profitable based on the calculator on whattomine.com. I see about 110% profit rate for ethereum even if it was still on the bear market. Some gpus are also cost-effective meaning their running in full speed but consuming less energy at the same time.

[Ayobami99]

If most of the miners today dump mining, i believe mining can be profitable. But for now, mining is less than profitable. With PoS consensus coming to main stream, miners are encouraged to dump mining,

[joinfree]

Well mining would not be as profitable as it used to be but you can still earn some decent amount of money and if the bull run takes us to another all time high then it would definitely be a good investment today. it's all speculations mate, do your own research and decide whether to venture into it or not because you would have mining farms to compete with in order to get rewards.  

[drgomez89]

Well i think mining in your house like old time. Its imposible right now. Its more profitable to industrial level and setting a facility in a selected country,, i think its a big fishes game right now. more right now that prices ofd crypto are skyrocketing right now more bigh fishes are going to start investing again

[dark08]

It will depend to the resources, if the resources is very cheap then mining is very profitable type of investment. Let's just say that not only for bitcoin but also for other currencies that has a potential in the long run.

But if the price will reach like 10k plus then it will give a good amount of profit to the miners and I am pretty sure that the market will be alive again. Investors, project owners and supporters will surely be the first to welcome it.

+1 for this opinion my friend of mine has a mining but he has no good profit in mining why? First of all the resources are too high like payment in electricity bills thats why he decided not to mine bitcoin instead he mine a potential altcoin which is a good decision because if bitcoin continue to dominance there will be a chance that altcoin will follow their flow.

[Pamadar]

Depending on your location and what gpus your mining with. Mining would still be profitable if you have a low electric bill since this is a board for altcoins I can say that some coins are profitable based on the calculator on whattomine.com. I see about 110% profit rate for ethereum even if it was still on the bear market.

calculation on whattomine totally different with the fact in our mining result.dont make it as our guidance while starting mining.at first time i used it but i think its wrong while i look on my mining result.

It's just a basis of your possible earnings when you do some minings but not an accurate outcome results, there's still profitability if you are residing to a place where electricity is really cheaper,you have to assess since even the value of Bitcoin is moving up chances to break even or lose since managing your rigs needs also some good maintenance.