Is Crypto Mining Still Profitable in 2024? Home vs. Mining Hosting

fikrett

jr. member

Activity: 70

Merit: 1

Quote from: MiningMike on Today at 08:36:28 AM

Yes, crypto mining can still be profitable in 2024, but the profitability depends on several factors such as the type of cryptocurrency, hardware, and energy costs. Ultimately, hosting is more attractive for those looking for higher profitability and convenience, while home mining is often only feasible with lower energy costs or access to subsidized power.

Yeah, most of people are not so lucky to have this combo, thus, mining is not an option for them. Like, at all Grin

MiningMike

newbie

Activity: 7

Merit: 0

Yes, crypto mining can still be profitable in 2024, but the profitability depends on several factors such as the type of cryptocurrency, hardware, and energy costs. Ultimately, hosting is more attractive for those looking for higher profitability and convenience, while home mining is often only feasible with lower energy costs or access to subsidized power.

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Activity: -

Merit: -

I’ve been in the crypto space for a while now, and recently I’ve been debating whether it’s still worth mining from home or moving to a mining hosting service. With electricity costs rising in many parts of the world (especially where I live 🥲), I’m finding it harder to justify mining at home.

The question I have is: Is home mining still worth it in 2024, or should we all be looking into hosted mining? Is anyone here currently using a mining hosting service, and how does it compare to home mining? Also, are there any coins out there that you think are more profitable to mine now, with lower difficulty and high ROI?

I’d love to hear from both newbies and experienced miners. I’m at a crossroads, and your insights could help me and others in a similar position decide the future of our mining setups. Thanks!

Topic: Is Crypto Mining Still Profitable in 2024? Home vs. Mining Hosting (Read 17 times)