Will mining be profitable again?

I think that yes, mining will be in trend again and video cards will be more expensive again. But as for me, I would not do it. Once I already burned no longer want.

Quote from: mickey_miner on May 19, 2019, 02:36:30 PM

Quote from: joseyphil82 on May 13, 2019, 06:50:13 AM

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?

Before the price increase, mining was also beneficial, but only for those who did not have electricity costs.

Is it today not profitable? I’m not talking about Bitcoin mining, because I know that today small farms are definitely not profitable. I think it makes sense to try mining on new coins that have the possibility of mining.

It depends, for example I like the idea of iddle phone mining - Electroneum. It is profitable because you do not pay electricity pnly for mining and when you do not use your phone, you earn. Cool

Of course, mining will be profitable when the value of cryptocurrency coins increasing in the market.
And it will be better if you mining some existing coin than a new coin. Because new coin has no volume to sell yet in the exchange.

Quote from: Burogh on May 19, 2019, 03:17:01 AM

Quote from: joseyphil82 on May 13, 2019, 06:50:13 AM

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?

As far i know, bitcoin mining very profitable in several country because their county have cheap electricity cost. Compare several months ago, bitcoin price getting more better and i am believe miners will get more profits at current profits

Most advanced countries have very high cost of electricity, except the smaller nations, is it US, UK and even some African countries, which is why it even became a threat to china that made them made a move recently to try and ban crypto mining, so you can say electricity is that cheap, if it is cheap, why would miners stop mining when the market was in bearish trend?

The only reason why it becomes profitable for miners now is because the market is already on bull run, the more they mine now the more reward they will as bitcoin value increase which will make it easy for them to be able to pay their electricity bill and still have enough money to go to bank with.

Quote from: joseyphil82 on May 13, 2019, 06:50:13 AM

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 bitcoin mining is profitable again, if the bitcoin price keep increase then the mining will be more profitable. I'm sure many of bitcoin miners that give up back then will come back again after they seeing the bitcoin price right now. The sad is the transaction fee is become bigger.

Mining won't be profitable anymore, never. It is because most people only care and interested on popular coins. Imagine how hard they are, the first crypto adopters to build a successful coin. If people support a small or unpopular coins, they might have a lot of profit once the coin become successful.

Big respect for early Bitcoin, Ethereum, and other cryptocurrency adopters!

Firstly Hello, So, as we Speak of Mining Here As per the past few Years Mining was totally into Dust as for its major setbacks in Growth of Cryptocurrency and Mining Went totally out of Picture. Trust me Mining wasn't Always so Profitable As the Prices in the Market Increased and as per The growth of Cryptocurrency increased competition also increased and only High-End material which Costs Big Bucks would only make a certain amount of Profit. As such if you seriously want to get into Mining make sure You are prepared for High and Powerful Investment. and rest it all depends on the Market. Roll Eyes

Bitcoin mining profitability comes and goes; the manufacturers making the Bitcoin mining machines will not give away any profit, so for them to sell their product the selling price always puts the mining machine buyer at a disadvantage.

However, when Bitcoin price rises such as what we are seeing now, people who own these Bitcoin machines not win a two-fold speculation: their mined bitcoin is worth more and they can sell the machine they mined BTC with for more money than that paid. This can only happen in a very tight window however.

Quote from: 2Kool4Skewl on May 20, 2019, 03:56:30 PM

I think that yes, mining will be in trend again and video cards will be more expensive again. But as for me, I would not do it. Once I already burned no longer want.

Mining will be beneficial if you invest a lot of money in the equipment, but it will pay off for a very long time. And since the cryptocurrency is very volatile, this time can only increase.

I do not do mining so it does not know about its development. But if you look at Bitcoin's price growth now, all the crypto markets should have increased. Includes mining that should have improved. Mining should be able to provide benefits to miners.

Majority of people get involved with cryptocurrency are concerned about accumulating only bitcoin in their wallet, i wouldn't blame them actually because that is a clear sign they only want to make some quick money. Mining will always pay off on the long run as to the minority who have in-depth knowledge about cryptocurrency they know, it is not about just bitcoin alone. few years from now when other alt coins have good market prices, they will wish they didn't focus on only bitcoin.

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.

I think there is always profit in mining but it all depends on what you want to mine, there are different stuff and different calculations that you can use to mine and not all work the same. Right now, "most" of the miners make a loss or not use their systems and the small scale that use it only use it on weird obscure coins that still profit them.

Of course, eventually that will be profitable yet again and everyone will start to mine again which will make difficulty go up again and it will make people stop again and this will continue in a forever spiral. There is no way mining could be profitable all the time, if something is profitable then everyone will do it and since there is difficulty in mining the moment people join the difficulty makes sure they do not profit as much.

Mining as for me it is always profitable if you have free electricity. In other cases, it is very problematic. And not everyone can do it.

with more of support as preparing use of tools and application that worker to put of decision as expending resource to gains with benefit on jobs with the mining and collects of returns on finish of terms with the project plan.

Quote from: rijaljun on May 21, 2019, 06:53:46 AM

I support the view that the mining of large projects on a small scale is really not profitable. Today it is more profitable to speculate mining of small projects. Here chances really grow very quickly.

mining bitcoin for now? I think, not too profitable especially next year there will be a halving of Bitcoin. try to mining one of the existing altcoins, it seems more profitable.

Quote from: joseyphil82 on May 13, 2019, 06:50:13 AM

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 have the previous setup for mining cryptocurrency is it is always profitable but the profit was little bit low in this situation because the value is not expected as good as the previous time but if you want to do it as a fresher I don't recommend it because there money that you need to invest in it is really more higher.

Mining will always a profitable one, I'm talking about a spec mining who you mine a specialized type of coins that's like "do or die" situation, so much risk in it as the great "varys" said: the greater the risk, the greater the rewards.

Find a coin/token who not appealing enough for a now but have a promising quality, dev, community etc.