Is mining still profitable?

[baltimoreppc]

Yup..I got Positive ROI After 5 Weeks with LTCGear

Scrypt mining is still profitable if you find the right deal (LTCgear) 

Is stay calm and keep peddling your motto?

[1714977267]

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[Kimowa]

Yup..I got Positive ROI After 5 Weeks with LTCGear

Scrypt mining is still profitable if you find the right deal (LTCgear) 

Is stay calm and keep peddling your motto?

Wow that is awesome, do I still get to ROI after 5 weeks if I buy now?

[Kimowa]

I don't want a 10 page answer please!!

Please make your answers as short as possible, a simple yes/no will do.

No, no...

[ErikvanBreen]

Yup..I got Positive ROI After 5 Weeks with LTCGear

Scrypt mining is still profitable if you find the right deal (LTCgear) 

Is stay calm and keep peddling your motto?

Wow that is awesome, do I still get to ROI after 5 weeks if I buy now?

The current ROI at LTCgear is about 6 weeks, still extremely good but no longer the 5 weeks it was a while ago 

[nikkoy]

No its not if you are doing it at your own expense(e.g. Electricity cost, hardware cost) but if you are doing cloud mining it maybe profitable for you.

The difficulty in mining is also increasing that it is hard to generate BTC and earn you more at expenses than income

[xcapator]

I wonder how low the price of btc must get for even the large mining operations to stop before they're mining at a loss

[wunkbone]

I wonder how low the price of btc must get for even the large mining operations to stop before they're mining at a loss

I believe its 0.05 kwh

[SFMiner]

I wonder how low the price of btc must get for even the large mining operations to stop before they're mining at a loss

I ran a few numbers through a spreadsheet I've been using for profitability calculations.  Correct me if I'm way off here!

Assuming electricity/facilities/manpower can be equal to approx. $0.05 USD (which you would generally only see in very large industrial operations, or very small private mining operations)
Assuming hardware efficiency of 0.7W/GHS (I'm using Bitmain as my standard here)
Assuming current difficulty of 35 Billion

Mining becomes unprofitable at a BTC price of around $58.50 USD

Alternatively:

Again assuming electricity/maintenance/etc equals $0.05 USD
Assuming hardware efficiency of 0.7W/GHS
Assuming current BTC value of $390

Mining would no longer be profitable once difficulty hits 233,500,000,000

Any thoughts or observations are welcome!

[Minor Miner]

I wonder how low the price of btc must get for even the large mining operations to stop before they're mining at a loss

I ran a few numbers through a spreadsheet I've been using for profitability calculations.  Correct me if I'm way off here!
Assuming electricity/facilities/manpower can be equal to approx. $0.05 USD (which you would generally only see in very large industrial operations, or very small private mining operations)
Assuming hardware efficiency of 0.7W/GHS (I'm using Bitmain as my standard here)
Assuming current difficulty of 35 Billion
Mining becomes unprofitable at a BTC price of around $58.50 USD
Alternatively:
Again assuming electricity/maintenance/etc equals $0.05 USD
Assuming hardware efficiency of 0.7W/GHS
Assuming current BTC value of $390
Mining would no longer be profitable once difficulty hits 233,500,000,000
Any thoughts or observations are welcome!

I think the number is more like $90-$120 right now.   You must realize that rational people will shut down before hitting marginal cost (where your operating costs of producing one bitcoin equals the price of buying one bitcoin).
Your costs are in fiat and MUST be paid.   So, when what you are producing has high vol to the fiat you MUST pay, approaching marginal cost production is very risky.

[spiceminer15]

my number is about 150 with 0.064-0.068 elect and no overheat costs

but ppl are also going to think if its actually worth it. its not worth it industrially to break even, and its not worth it with minimal profit either

[cassimares]

Still profitable for the big farm and free electricity (pay by landlord). heh..

[junglecat]

I put almost everything back into my farm and I'm staying well ahead of the difficulty and growing. So, yes it is profitable for myself at 0.10 per kw/h.