Pos is a scam
I prefer pre-mine than Pos anyday
Topic: is mining still profitable? - page 2. (Read 3512 times)
I'm running a 980ti and 1080ti overclocked. Not making much, around $6-$7 a day. But hey it's something.
PoS will bring massing of the capital. Centralization and market manipulation. Small players get cut out. Sounds like a plan, huh?
POS mining, you mean, masternodes ?
If this is the new way, project should allow any wallet size to join the program.
I don't understand why masternodes has to be so big.
Only pre early investor are getting a good position, and not for so long. That just sux.
Might be way better if all small miners can help in masternoding.
Maybe it's just because it's better to have big strong amount of stucked money, so whales can play with value on market safely.
Damn, unfair, come on, lets make popular coin getting more value and support.
This whole ICO "I got a lot of money and I want more" privilege to rich people, + masternodes + asics ....
This whole crypto thing should be open to everyone.
Poor , rich , who is having fun ? kind of both.
If this is the new way, project should allow any wallet size to join the program.
I don't understand why masternodes has to be so big.
Only pre early investor are getting a good position, and not for so long. That just sux.
Might be way better if all small miners can help in masternoding.
Maybe it's just because it's better to have big strong amount of stucked money, so whales can play with value on market safely.
Damn, unfair, come on, lets make popular coin getting more value and support.
This whole ICO "I got a lot of money and I want more" privilege to rich people, + masternodes + asics ....
This whole crypto thing should be open to everyone.
Poor , rich , who is having fun ? kind of both.
PoS mining is gaining in traction because of the low barrier to entry (no need to buy mining equipment). The most prominent PoW high cap coin that people mine that is still profitable remains Zcash
It depends what mining. PoS is getting popular as there is no need to buy expensive equipment and you save much energy in such way. In terms of future perspective people will switch to PoS mining.
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...
This is my view as well. In any industry, a <6 month ROI is insane. That's a no brainer investment. A 12 month ROI may not be as pretty, but that's still considered a great investment by most standards.
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.
Yes, of course.. You can mining everytime. I think mining is a flexible job.
Still some kind of luck factor in every way.
Mining, trading, as long as your are not big enough to actualy control something, like market value or coin hashrate, then you have to follow and predict what the whales are going to do.
Both mining whales and trading whales.
Good that GPU and asic are like splitted as GPU can't compete with asic, but many coins are asic resistant, so small investor can get in and support the project mining it.
Mining, trading, as long as your are not big enough to actualy control something, like market value or coin hashrate, then you have to follow and predict what the whales are going to do.
Both mining whales and trading whales.
Good that GPU and asic are like splitted as GPU can't compete with asic, but many coins are asic resistant, so small investor can get in and support the project mining it.
Well for me i think mining is very profitable. As a new member of this organization i read alot about the cycle of mining here so i conclude that we need to go in mining to earn more.
Mine what is the most profitable, then convert to what you think will take the most value rate increase.
Then sell green, buy red.
Follow you instinct, the brain is very powerfull, never doubt about it
Then sell green, buy red.
Follow you instinct, the brain is very powerfull, never doubt about it
it is by no means as profitable as it used to be.
but if you want to collect coins is a nice hobi.
mabe wants some times a coin grow up
but if you want to collect coins is a nice hobi.
mabe wants some times a coin grow up
I have mined since mid June and have mined about $3000 so far in altcoins. I have not invested any money except about $3000 into my mining rig. So I've hit hardware RoI. That is excluding electricity cost which is quite high but I'm not the miner who immediatelly sell his assets. I am a holder, so RoI doesn't really apply to me here.
And I'm still mining. I'm going to mine for another 8-9 months or so and hope that my coins go up 5-10x which is perfectly possible as I'm mostly holding Waves, NEO, Shift and a few others I believe in. Let's say I mine about $5000 more in those 8 months, total being about $8000. Now if in 10 months my assets go 5x I will have $40.000. That about my yearly pay... so yeah I feel that mining is still profitable.
And I'm still mining. I'm going to mine for another 8-9 months or so and hope that my coins go up 5-10x which is perfectly possible as I'm mostly holding Waves, NEO, Shift and a few others I believe in. Let's say I mine about $5000 more in those 8 months, total being about $8000. Now if in 10 months my assets go 5x I will have $40.000. That about my yearly pay... so yeah I feel that mining is still profitable.
Yes it still profitable if you carefully planned it before you start. Mining cryptocurrencies is a very slow process but its the surest and safest. You have to consider a lot of factors before you start mining. First, you need to set up a computer with a powerful mining hardware. Do a research on what hardware is the best to use in mining. Second, you have to look for a cheaper source of electricity. The cheaper your electricity cost, the more profit you will have. Third, choose the right coin to mine. Not all coins are worth mining. Read some news on trends about crpto coins that is good to mine. And lastly, you need a lot of patience because its a very slow process.
The profit has gone out the market like it was at the beginning of the year. That was just incredible for mining and a lot reinvested that money back in to mining at the right time. Now they have hundreds of gpus
It is still profitable, it will cost you just a little bit of electricity. Some coins could have a real price explosion and can generate good profits. You will have to do some speculation, but you could make it profitable for sure. As long as you make the right decisions and mine the right coins.
Still profitable if you just care about electricity bill.
But if you want to buy new card, you need to think about more things.
Maybe buy some coins and hold is a better choice.
I totally agree with you mining the good coin with no electricity it s better.But if you want to buy new card, you need to think about more things.
Maybe buy some coins and hold is a better choice.
You take a risk it s still a gambling you ve to be aware you can loose you investment...
It depends now how much it worth it.
Still profitable if you just care about electricity bill.
But if you want to buy new card, you need to think about more things.
Maybe buy some coins and hold is a better choice.
But if you want to buy new card, you need to think about more things.
Maybe buy some coins and hold is a better choice.
It depends what you want to mine. I only mine currencies early stage to get as much rewards as possible.
I prefer currencies where I am optimistic that it will increase in price and marketcap. No BTC or ETH mining here.
It's worth it if we drop out time to rise mined coin? I prefer currencies where I am optimistic that it will increase in price and marketcap. No BTC or ETH mining here.
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