We need consider not only GPU cost but also power cost so It's difficult for us like a high power cost country... x_x;
Exactly! But some currencies can still be profitable 
Topic: is mining still profitable? (Read 3512 times)
We need consider not only GPU cost but also power cost so It's difficult for us like a high power cost country... x_x;
People will say "it is not profitable", mostly because them got spoiled from the spring 2017 crypto boom and ROI that was in the matter of months. That being said, actual ROI these days is anywhere from 6-15 months (for the GPU rigs). This depends on what coins you mine and what you do with them. That is still one hell of an investment profit wise. Mine whatever coin gives best results depending on your hardware, dump these coins to btc when they reach nice to-btc-exchange-rate, sell btc once it reaches peaks = profit. Or you could hold the coins if you believe that their price will soar, however only the btc gives some (if any) assurance that it will keep raising in value.
actually for now indeed mining can be profitable and it is also detrimental, as indeed we have no sure thing to see cyrptocurrency where a much more give you an advantage or a guarantee of getting advantage. mining is indeed profitable, but if you don't have a good knowledge of then everything will certainly be detrimental. because mining is always concerned about the analysis, calculation, and innovation.
Any bitcoin or other altcoin mining will be profitable. Profit is based on the amount you invested to buy the rig and cards you want to mine. Go with the radeon 470 or Nvidia 1070i 8 GB are best cards to mining ethereum, zcash, monero or neo.
Hash rate producing by the cards will be confirm the amount you can mine.
People will say "it is not profitable", mostly because them got spoiled from the spring 2017 crypto boom and ROI that was in the matter of months. That being said, actual ROI these days is anywhere from 6-15 months (for the GPU rigs). This depends on what coins you mine and what you do with them. That is still one hell of an investment profit wise. Mine whatever coin gives best results depending on your hardware, dump these coins to btc when they reach nice to-btc-exchange-rate, sell btc once it reaches peaks = profit. Or you could hold the coins if you believe that their price will soar, however only the btc gives some (if any) assurance that it will keep raising in value.
actually for now indeed mining can be profitable and it is also detrimental, as indeed we have no sure thing to see cyrptocurrency where a much more give you an advantage or a guarantee of getting advantage. mining is indeed profitable, but if you don't have a good knowledge of then everything will certainly be detrimental. because mining is always concerned about the analysis, calculation, and innovation.
Can you developpe please ? ^^
How do you find out signals ?
You can refer to http://whattomine.com/, and see what is still profitable, better to invest now
The future profitability of mining cannot be reliably predicted.
This is due to the ever-changing nature of the Difficulty modifier and the BTC price..
This is due to the ever-changing nature of the Difficulty modifier and the BTC price..
Mining is the easiest way to earn cryptocurrencies but it requires good hash power machinery and electrical energy to mine them, the early days of cryptocurrency mining has helped many to earn profits, in the early stages of bitcoin there was no need for super powered computers for mining but now specialized super powered machinery are used for earning profits in mining, in small scale mining will not be profitable as it requires more electrical energy for generating bitcoins, after every three to four years time the difficulty level in mining cryptocurrencies are also in the rise.
If you have good hardware and cheap electricity then mining is profitable. But Investing and Trading is always the better option.
Mining is profitable most of the time, you can increase your income by choosing what to mine and at what time
I think that there is still a chance to make money with mining. Several Japanese companies will start entering mining business from now.
I like mining for some reason. I only mine altcoins (not ethereum and zcash) that are relatively new. I am gonna hold them for awhile hoping it will get me something one day but most likely it will end up being zero. I do trade some coins that I mine and buy the coins/tokens that I think have a great future.
However to answer your question, I think mining is still profitable but it takes time.
However to answer your question, I think mining is still profitable but it takes time.
Depends on what coin are you mining.
In general, mining takes a period of time to get back your investment. If you are an impatient person, just buy. You will feel that mining just takes forever.
In general, mining takes a period of time to get back your investment. If you are an impatient person, just buy. You will feel that mining just takes forever.
in my country, the electric is very expensive.i just have 2 baikal a2000 and 2 rx580 mining machine, so now I am switching my attention to POS and Masternodes coins. could be a better way to earning
Mining is always profitable for people that don't need to pay electricity. It's all relative in the end, right now the alt market is crashing hard because of bitcoin. It might be much more profitable to mine some good coins and hold it until the alt market recovers then sell. POS is a good way to mine too, as in your electricity bill stays the same but profit can increase the more coins you hold or the more price goes up for the coin instead of buying more gpu or asic hardware investments to increase profit growth.
yes, still profitable.
7x gpu mining rig pulling in $200/month after expenses.
7x gpu mining rig pulling in $200/month after expenses.
mine 5 x 1080ti pulls me about $500 after expenses
i'm earning $4-5 from one card, so it is abot 20-25 dollars per day
my electricity bill is under $100 so you can do the math
p.s. i never mine ZEC, ETH. altcoins only
hey guys, baikal A2000 200$ and Baikal x10, which one will be more profitable? very considering it
Yes
yes, still profitable.
7x gpu mining rig pulling in $200/month after expenses.
7x gpu mining rig pulling in $200/month after expenses.
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