Now is definitely an excellent time for personal mining

[KsCatalyst]

From the start since 2016 that is the time that we have an excellent timing for mining especially bitcoins because if we mine 1 BTC that year with a value of 3600$ in 2016 we can wait until it grows more than 500% of profit with the value of bitcoin today. It's a good idea for long-term investors and traders when it comes to Crypto Mining. GPU also is increased today due to the Crypto Mining.

[songchunlai]

I think holding is better then mining and facing different  types of problems and pay a charge every month.  But i dont understand why people are afyer Mining.

Mining allows you to make some bitcoins yourself.

[BuALI]

anyone actually running the numbers to check these claims?

[philipma1957]

anyone actually running the numbers to check these claims?

Actually since I mine and do not buy and hodl the people that compare the two are always wrong.

They are not comparable other that they involve crypto coins.

Best example is this

put $1,000,000 usd in the bank and collect interest = buy and hold.
put $1,000,000 usd into a fleet of limos and open a wedding + party service.
they both involve 1,000,000 usd that is all they have in common.



Same as buying $1,000,000 in btc and holding It.
or buying a $1,000,000 mining farm.
they both involve 1,000,000 usd to start up that is all they have in common.



Now you could compare

putting 1,000,000 usd in the bank and collecting interest on it
to buying 1,000,000 usd worth of btc  and getting interest on it from an exchange

[so98nn]

Difficulty hasn't changed for the current epoch. Any profitability change will occur in the next epoch. I highly doubt that it is very profitable for anyone right now. Difficulty remains unchanged and the price has dropped quite significantly.

The only time casual miners are able to get any significant profit is that if the difficulty drops drastically while the price rises at the same time. Else, difficulty tracks the profitability and you're better off just buying your coins.

The difficulty may not change and I think it does not change for sure however, there is one major factor that can profit us while mining in the current times and that's increased shared by our miners.

I am currently mining RVN on my rigs and I have seen great amount of change in the pattern of payouts. When the prices changed drastically after the miners of RVN left for the ETH mining protocol, network directs most of the "job" to those who are still mining. Thus, increased workload on the miners and increased reward after the successful execution of transaction confirmation.

Not sure how true is this, but from my observation my payment per hour always increases whenever the workers are decreased!

[ranochigo]

The difficulty may not change and I think it does not change for sure however, there is one major factor that can profit us while mining in the current times and that's increased shared by our miners.

I am currently mining RVN on my rigs and I have seen great amount of change in the pattern of payouts. When the prices changed drastically after the miners of RVN left for the ETH mining protocol, network directs most of the "job" to those who are still mining. Thus, increased workload on the miners and increased reward after the successful execution of transaction confirmation.

Not sure how true is this, but from my observation my payment per hour always increases whenever the workers are decreased!

Your payment increases, in the case of the coins that you're mining only when the difficulty decreases or the price increases. It doesn't matter how many people left, because the profitability is not a function of the number of people that is currently mining. It is only affected by the two factors as mentioned.

Your network doesn't direct any workload to the user, that is not how any crypto work by directing workload. You will never be more profitable than the larger farms with hundreds of thousands of dollars at their disposal and cheap electrical fees.

[dificanovi]

From the start since 2016 that is the time that we have an excellent timing for mining especially bitcoins because if we mine 1 BTC that year with a value of 3600$ in 2016 we can wait until it grows more than 500% of profit with the value of bitcoin today. It's a good idea for long-term investors and traders when it comes to Crypto Mining. GPU also is increased today due to the Crypto Mining.

as bitcoin mining increases in various countries so that GPU prices also soar.
I'm happy because I bought the bitcoin mining tool before the price went up so I don't have to panic right now.
At this time miners have to spend a lot of money to buy equipment to mine bitcoin, but the costs incurred are definitely proportional to the benefits that will be obtained from mining bitcoin.

[flip4flop]

It is a great time if you already have the miners but buying them now the risk is much higher since you are going to be paying a large premium to get your hands on the equipment unless you want to order and wit 4-6 months for a reduced price and even then the price is still scalped by a large amount.