Mining is still profitable?

[XinXan]

If so what websites would you recommend

[notlist3d]

I don't know if one specific site will show this or not.

It will depend a lot on what your electricity price is.  Are you paying vat or free import etc.    It is different for most people.

[XinXan]

I would actually want to know about buying hash power so someone else mines for you

[philipma1957]

look at my signature. westhash and nicehash can be used  one for the western hemisphere one for the eastern hemisphere.


any time you can rent  cheaper then current pay rate it is a good deal.


 this site will pay you 0.0108  a th




so if you rent from here to mine above

you can make a profit if price is the blue light ones

[geenspam]

you can make a profit if price is the blue light ones

Just so I know I understand this right:

Nobody (buyers) in white is making a profit (current miners and queue)... you could make a profit if your order would be picked up at the blue price (while waiting in queue for that same price).

These ppl (white) paid, some even still wait, to lose btc/money? huh?  

[PolarPoint]

Those who buys powerful expensive miners and have free electricity can make small profit. Some mine new alts and wait for pumps, but it is not profitable anymore for most of us.

[XinXan]

Those who buys powerful expensive miners and have free electricity can make small profit. Some mine new alts and wait for pumps, but it is not profitable anymore for most of us.

So is not really worth it to invest in mining unless you mine new coins that can rise up

[enryk]

If so what websites would you recommend

It seems you mean cloudmining and not mining yourself.
As for cloudmining it depends. Not all are. On some you get ROI is around 4-5 months and price could be much different then, so that would be a major deciding factor uf you want to block your money. Terabox however allows you to sell your contract in between which is good.

[XinXan]

If so what websites would you recommend

It seems you mean cloudmining and not mining yourself.
As for cloudmining it depends. Not all are. On some you get ROI is around 4-5 months and price could be much different then, so that would be a major deciding factor uf you want to block your money. Terabox however allows you to sell your contract in between which is good.

Yes thats what i mean but cloudmining is only fot famous coins right? You wont be able to mine really new ones

[philipma1957]

you can make a profit if price is the blue light ones

Just so I know I understand this right:

Nobody (buyers) in white is making a profit (current miners and queue)... you could make a profit if your order would be picked up at the blue price (while waiting in queue for that same price).

These ppl (white) paid, some even still wait, to lose btc/money? huh?  

no you don't know what they are mining and you do not understand how to use the information I gave to you correctly.

[Melds]

look at my signature. westhash and nicehash can be used  one for the western hemisphere one for the eastern hemisphere.


any time you can rent  cheaper then current pay rate it is a good deal.


 this site will pay you 0.0108  a th

Nice, didn't know about this.

[Glucose]

If you are interested in cloudmining, I would advise your to read this thread before paying anything anywhere : https://bitcointalk.org/index.php?topic=878387.0

[nwfella]

If so what websites would you recommend

No it isn't.  Majority of cloud mining sites are ponzi's.  Those that aren't ponzi's are shutting down due to non profitability.  Better to just throw your money straight into purchasing BTC if your really wanting to gamble.

[MCHouston]

Yes it is still profitable depending on equipment and power costs.  You may have to buy in bulk on both hardware and electricity to get an ROI around 180 days or less, but this is very doable to still make money.

[randy8777]

i was planning to buy myself an antminer but decided not to do it.
power costs are way too high here. i only buy bitcoin. for me it is the best option.

[sidehack]

What's your power cost? If you want to mine, hosting could be an option.

[chaosknight]

you can try calculating using online mining calculator
put your hashrate, electricity cost and investment

[XinXan]

you can try calculating using online mining calculator
put your hashrate, electricity cost and investment

The profitability seems really low by myself or no profitability at all, but i was wondering about mining new coins even if it is only for a day they probably are profitable at least some of them

[sidehack]

The temporary profitability of altcoins is based on the less-than-temporary unprofitability of them. A large group of people briefly ascribe value to them, then the few who hold the most sell their stashes, collapse the value and walk away. Mining an altcoin because it's briefly profitable is basically paying the electric company to let you rob some of their fellow customers. Regardless if those customers are idiots, it's still approximately theft.

[XinXan]

The temporary profitability of altcoins is based on the less-than-temporary unprofitability of them. A large group of people briefly ascribe value to them, then the few who hold the most sell their stashes, collapse the value and walk away. Mining an altcoin because it's briefly profitable is basically paying the electric company to let you rob some of their fellow customers. Regardless if those customers are idiots, it's still approximately theft.

You could argue that trading bitcoins is the same since if someone wins money means that someone lost money