Is It Still Profitable To Mine Cryptos In 2021

[Pelana vreo]

If mining isn't profitable then we can't see Bitcoin transactions being confirmed or any altcoins that needed POW for confirming transactions.  There are other low difficulty POW coins that are available to mine on the market which can really give us a good profit.  As long as you set up your own mining device and the electricity charges aren't high, we can assume that we can still say that mining is still profitable. 

I agree with you, there are many miners who have benefited from ethereum transaction fees which have increased to date. In the future miners will still be there to confirm every transaction using POW, unlike the POS algorithm, prices or shipping costs are no longer high because the miners only get a tip from each transaction.

[Waleedzain323]

Well yes it is profitable but not by any third party contract it will cost more. This time highly profitable for the miners and block providers.

[Rana590]

Mining is always profitable but you have to select right platform. But at this time you have to bear more cost if you compare the condition of some days ago. In current situation, a lot of fake pool is creating. Don't trust in all the mining platform.

[passwordnow]

Actually i have not fell any interesting for mining because i am very impressed for trading so almost lot of time i have been spend in trading. Anyway crypto is very profitable for mining so you can spend your cash. If you have good quality skills about mining then you can do. Crypto is worth but you should receive right choice.

If you're profitable in trading, stay in there. There are miners that are not going to leave mining because it's profitable. I remember that during the bear market, many have stopped mining because they can't cover the fees for having the low in value of the coins that they mine.
But for those who have continued mining and just sustained the cost while keeping the mined coins, they're in great profit during this bull run. It's about patience and plan when you mine, it's always been profitable but you get the timing when to sell just like the traders.

[Fredomago]

Actually i have not fell any interesting for mining because i am very impressed for trading so almost lot of time i have been spend in trading. Anyway crypto is very profitable for mining so you can spend your cash. If you have good quality skills about mining then you can do. Crypto is worth but you should receive right choice.

If you're profitable in trading, stay in there. There are miners that are not going to leave mining because it's profitable. I remember that during the bear market, many have stopped mining because they can't cover the fees for having the low in value of the coins that they mine.
But for those who have continued mining and just sustained the cost while keeping the mined coins, they're in great profit during this bull run. It's about patience and plan when you mine, it's always been profitable but you get the timing when to sell just like the traders.

The idea of having enough fund to cover all your expenses while holding those mined coins, if you can sustain that then you are good to go and continue dealing with mining.

There are people who understand things much deeper, they are capable of continuing as they know that eventually all those wait will be paid off, if you see any opportunities not with mining alone but in any space that you are willing to take your chance. Do things that you have a good understanding drive your way to successfully earned from any venue of investment.

[lobo13hf]

Well yes it is profitable but not by any third party contract it will cost more. This time highly profitable for the miners and block providers.

It would be only for the ethereum miners who have already farmed a lot of money from the users consider the ethereum fees is very high at this moment too.
people who have been mining the crypto night didn't get a lot of profit as much as the ethereum miners.
It should be noted if this is for ethereum and bitcoin miners only who have got bunch of money.

[btc-facebook]

I have always been interested in mining cryptocurrency in a very long time and my biggest obstacle has always been the financial resources to purchase mining rigs and electricity required however remaining crypto-currencies became almost impossible for me because of the high cost involved and very low profit margin so I am pumped to ask that with the recent pumps in crypto prices and everything going to the moon is it profitable to mine Bitcoin in 2021 or any other altcoins please let me know.

Mining bitcoin requires a lot of capital, if you have a lot of capital then mining bitcoin is still profitable, but if you don't have large capital I suggest you don't mine bitcoin and choose to mine in other ways, such as holding coins that support staking, coins which uses PoS consensus created to solve the PoW problem because mining consumes a lot of electricity consumption.
Examples of coins that use PoS are like Zilliqa and Cardano, you only need to hold a few coins then you stake, and you will get more coins as a reward for holding these coins.

[criket]

Well yes it is profitable but not by any third party contract it will cost more. This time highly profitable for the miners and block providers.

It would be only for the ethereum miners who have already farmed a lot of money from the users consider the ethereum fees is very high at this moment too.
people who have been mining the crypto night didn't get a lot of profit as much as the ethereum miners.
It should be noted if this is for ethereum and bitcoin miners only who have got bunch of money.

that's because currently, the price of ETH and BTC is good. if one day the price drops, it will not be a profit for the miners.
mining is indeed more suitable for long-term assets such as BTC and ETH. and I thought about how much profit they would have made if they were to mine ETH and BTC assets in the last 5-7 years. that is if they collect and they don't sell directly to the market.
Is it still mineable for ethereum after 2.0 is finished? If you can't, then the time to mine Ethereum may only be 2 years away.

[HaekalZ]

For me, yeah i think it's still really really profitable to mine cryptos in 2021,

these days, with only VGA 1660 Ti Super, i can earn about $2-4/day, because the price of ETH is still expensive,
but the main problem is about the VGA itself, there's no way you can get VGA these days in such a short time,
it's really hard to buy it, every store i checked are out of stock, because everyone are mining.
even the price of VGA itself jump to the highest price.
so yeah, i think it's still profitable if we use our old VGA before the price is going up.

[ethereumhunter]

For me, yeah i think it's still really really profitable to mine cryptos in 2021,

these days, with only VGA 1660 Ti Super, i can earn about $2-4/day, because the price of ETH is still expensive,
but the main problem is about the VGA itself, there's no way you can get VGA these days in such a short time,
it's really hard to buy it, every store i checked are out of stock, because everyone are mining.
even the price of VGA itself jump to the highest price.
so yeah, i think it's still profitable if we use our old VGA before the price is going up.

Before you can start mining, you need to prepare many things, including searching for what and how you will mining crypto because, with the difficulty of each coin that increases higher, you will need good hardware to mine the coin and earn the reward. That VGA price itself jump to the highest price, and you will need a lot of money to buy the VGA. If you only have one 1660 Ti Super, even if you can earn $2-$4/day, you should think about how much the electricity fee that you should pay every day or monthly.

[bitkanu]

mining is very profitable this year. try to check the platform that uses the ethereum network. the shipping costs can be very expensive. Miners made big profits this year.

You can't generalize if mining in another crypto will be giving the same result as mining on ethereum network. So many miners were going to the ethereum. When you are seeing another crypto just like monero and mining monero is not so profitable as ethereum. The tx cost is very cheap.
The only miners on ethereum that already got almost 1 billion profit in a year. it's still profitable as long as the thread starter has enough hashrate to generate profit.

[tvplus006]

mining is very profitable this year. try to check the platform that uses the ethereum network. the shipping costs can be very expensive. Miners made big profits this year.

I've been mining ethereum since 2017, periodically shutting down the hardware when it wasn't cost-effective. Even now, using outdated 1066 cards, I get a good income due to the fact that the price of ethereum and the commission on the network have increased to the maximum value.

[bonyaserg]

Personally, I think that mining is very profitable at this time. But good mining requires great hardware. But the price of the equipment is very expensive and it takes a lot of time to recoup the money invested. And from everything we can conclude that mining is becoming a very unprofitable activity. So you need to reconsider all the methods and make money on other options. But if after a while they come up with new methods of mining, then it will be an amazing invention for a new type of mining.

[MishaSER]

Yes crypto mining is currently very profitable, it's all about making back your ROI in short time, if you buy a gpu right now and you mine 24/7 I can assure you that in 5 months you would make your money back, yes crypto mining is that profitable right now, I bought a gtx1660 ti for 300$ and I've already made 150$ back right now, that's half of my invested money already

That depends on the various things, you are not even getting your ROI and that means that's not so profitable as you said dude, the question is how long you have been mining your coin? You are still 50% from your ROI. There is also possibility for the difficulty to increase again soon.
Mining is not so profitable as it was before due to the various reason just like price increase, demand for POS and many more.

I don't know what you are talking about, but in 2017 my video card was mining $ 2 per day. I recently started mining again to check the profitability and it's a miracle my video card is mining $ 2 per day again. Sometimes mining reached $ 3 per day, I don’t know what it depends on, but the profitability did not fall.

[TWW]

I don't know what you are talking about, but in 2017 my video card was mining $ 2 per day. I recently started mining again to check the profitability and it's a miracle my video card is mining $ 2 per day again. Sometimes mining reached $ 3 per day, I don’t know what it depends on, but the profitability did not fall.

what assets do you mine?
I think a lot of the size also depends on the device you are using, of course, the block that is there when mining.
but related to mining costs, is it still profitable for you to earn $ 2-3 per day?

[passwordnow]

Actually i have not fell any interesting for mining because i am very impressed for trading so almost lot of time i have been spend in trading. Anyway crypto is very profitable for mining so you can spend your cash. If you have good quality skills about mining then you can do. Crypto is worth but you should receive right choice.

If you're profitable in trading, stay in there. There are miners that are not going to leave mining because it's profitable. I remember that during the bear market, many have stopped mining because they can't cover the fees for having the low in value of the coins that they mine.
But for those who have continued mining and just sustained the cost while keeping the mined coins, they're in great profit during this bull run. It's about patience and plan when you mine, it's always been profitable but you get the timing when to sell just like the traders.

The idea of having enough fund to cover all your expenses while holding those mined coins, if you can sustain that then you are good to go and continue dealing with mining.

There are people who understand things much deeper, they are capable of continuing as they know that eventually all those wait will be paid off, if you see any opportunities not with mining alone but in any space that you are willing to take your chance. Do things that you have a good understanding drive your way to successfully earned from any venue of investment.

It's about their understanding about the situation and tolerance as well. They knew what they're doing and they have a contingency plan if ever something goes wrong and comes unexpectedly. They held those mined coins for a long time because they're passionate with what they do.
Passionate in mining and believes in the coin that they're mining. That's why those miners who get to earn good this bull run didn't went there easily. Because they've been patient and also sustained a lot while continuously mining even it's not profitable during the bear market.

[Rexler]

I have never tried mining any cryptocurrency before, reason is becuz mining crypto are quite expensive lately and requires alot for you to be able to make a good amount of money from it, also the cost of electricity in my country is super high I don't think I will be able to mine enough bitcoin or crypto that will be able to cover for those fees,  cuz I will probably be a small miner, instead of mining wjy not learn trading and make good money from there?, at least trading you don't have to buy graphic cards or pay for electricity.

[jostorres]

Yes crypto mining is currently very profitable, it's all about making back your ROI in short time, if you buy a gpu right now and you mine 24/7 I can assure you that in 5 months you would make your money back, yes crypto mining is that profitable right now, I bought a gtx1660 ti for 300$ and I've already made 150$ back right now, that's half of my invested money already

Not sure how you are saying that because last time I decided to mine some Bitcoins, I actually calculated the costs and it came out that I might be going in negative if the miner cost is included. Seriously, unless you have free electricity which doesn't make sense to me, you just cannot make profits from mining or maybe you have just too much hash power.

There are some coins though which have a decent future and maybe it is worth mining them because the difficulty is lower and you can gain some easy coins for potentially selling them at a higher value. Mining is worth in countries where electricity is cheap and you have big mining rigs set up.

I would rather suggest buying bitcoins for the same amount you want to dedicate to setting up mining, and just for wait the price to bloom. But hey, this is just my opinion though and we need more miners so don't get me wrong.

[mirgo1791]

i am working with personal bot to helps as mining bitcoin, that the use gives with chance on compounding as users have ability to set limit with the mining into different number of server and more to keep up with the online/uptime as different time gives with distinctive on level of return.

[Dutchyyy]

I have always been interested in mining cryptocurrency in a very long time and my biggest obstacle has always been the financial resources to purchase mining rigs and electricity required however remaining crypto-currencies became almost impossible for me because of the high cost involved and very low profit margin so I am pumped to ask that with the recent pumps in crypto prices and everything going to the moon is it profitable to mine Bitcoin in 2021 or any other altcoins please let me know.

Is it profitable to dig Bitcoins - yes, if you know how to do it right!
Mining bitcoins on your personal computer is no longer profitable. In addition, the extraction of other cryptocurrencies is highly competitive with that of bitcoin. However, there are ways to continue to be in business. Bitcoin Mining Pools or even Bitcoin Cloud Mining allows you to generate bitcoins and other cryptocurrencies with enormous computing power.