Topic: is mining still profitable? - page 4. (Read 3512 times)

just mine a bunch of up and coming coins before tehy get all mined out. then go for the next coin. may be a waste for a few but if you find good ones and DYOR tou can get some gems

Mining for future profit is very interesting - if you have cheap electricty and want do invest in hardware you can go it´s a long term investment in a mining rig and if you donßt want mine anymore you can use some of the hardware do play games 

Its still profitable provided you dont make costly mistakes and arent trying to ROI in a couple months

No worth to mine for profit anymore. Hardwares and electricity will cost too much to still in profit unless in a big scale. But, it good for as a hobby.

do your own research, profitability differs from one person to another

There's a lot of people that are keep on asking if mining is profitable. My friendly suggestion to you guys, you should start learn to do your own research before investing into something like mining. Lack of knowledge will pull you down and will make you think that it is not profitable anymore. The difficulty increases, so the hardship and struggle with alt coin mining is increasing too. If you haven't ready to invest big amount of money and you are not good in taking up a risk, good for trading instead.

This is indeed a very common question and I am sure many have already asked this the very first time they jumped in Crypto world. Well, like many said a lot depends on the what you mine. Many think mining BTC would be profitable because it has the highest value but then they do not know that this is definitely not the case. I cam still mine altcoin and make some decent profit. Mining is a long term investment. Take one step at a time.

for 12 - 18 months ROI time, well... its definitely tough
Please remember, gpu efficiency drop hard once new generation gpu release into market

t depends on your rig cost. i bought 7 gpu rx470 half of its price so my roi term is to short. its still profitable for me.

People got spoiled with 3 month roi this spring/summer. If 12-16 months roi is ok with you, then it is fine to go for it. Also, who knows, maybe a new coin jumps out that could wipe zcash, ether and the whole lot and is also gpu mineable. 

You still need to pay for your equipment. Even with free power the ROI times are stretching into the 8 month territory, see my post above. So the only way your scenario works is if you have already paid for hardware and free electricity.

Of course this neglects the lost opportunity costs which means you might be better off selling your equipment now when you can still get something or it then 6 months from now when all mining is basically dead. There is also your time to consider to manage and keep the rigs running, so really nothing is free. If it takes you 4 hours a week to manage a couple of rigs you could instead be working that 4 hours at a job and probably making more money.

Lol, you newbies really haven't a clue and its BS posts like this that keep new people buying in. Maybe 6 months ago you could figure on a 3 month ROI, now it is closer to a year, and that is if you have cheap power. One of the most efficient cards there is in terms of hash performance versus wattage is the GTX 1060. You can get 25 MH/s (ETH) for about 80 watts per card. Even with 6 cents per kWh power costs you are barely earning $0.91 a day which will take you 274 days to ROI, assuming everything stays constant, which it won't. Even if you have free electricity you are talking 250 day ROI periods.

So we are actually talking about 8-9 months ROI IF and that is a big IF everything were to stay the same. But things are constantly changing, hash rates, difficulty, and a coins price are going to fluctuate so it is unlikely to stay constant over such a long period of time. What is more likely is profitability will continue to dwindle and turn that 8-9 months ROI into 16-18 months or never.

Maybe once people realize this and second hand hardware starts to flood the market, also putting pressure on retail new prices to come down, will it make sense to buy hardware again. The 1060 I referenced above retails for around $250 (for the 6 GB version), maybe once that is selling for $125 on sale would it even remotely make sense to get back into buying hardware.

If you got power for free mining could be very profitable.
You could earn the coins for "free" and hold them until sky rocket....

 

hey man, you should definitely stop smoking, it's killing.
michaelyu5 was asking about profitability of mining with gtx 1070.

Yes mining is still profitable as long as bitcoin is keep increasing.And be wise enough to buy mining hardware so that you can have a better profit.Think another source of electricity like solar power and calculate its ROI so that you can forecast your profit in it.

Hmmm, big try company did and are right now mining for themselves, AMD one of the major GPU manufacturers in the world already has the biggest ETH farms, they with other big companies are selling hundreds of thousands of GPU's every month. it is always profitable to mine if you know when to sell.

Mining will lost profitable if try big company start mining. They will have low equipment price and сan find places with a low price of electricity.

It is still profitable but profitability is very little compared with what used to be. This comes from people from all over the world even third world countries buying GPU-s and started to build mining rigs since late last year when profitability was extreme for a GPU-s with ROI in less than 3 months. Things have changed and now if you ROI within one year you are a very lucky one. Not a good time to enter mining but if you want to try it no one can stop you.

Unfortunately one GTX 1070 will make you about 0.00032 btc in a day or even less when mining ETH or ZEC.

Which coin? Actually, do you know any coin with less than 9 months ROI?

Yes! It's still profitable.

I just started mining a month ago. I used to do trading before I finally decided to do mining. Yes, you need to build your own machines and you need to maintain them carefully. But if you can use the mining software with the best algorithms --- which can help you optimize the calculus power, it is still quite profitable.

PS. I'm mainly mining ZEC and ETH. If you are interested in mining, and if you are also interested in mining ZEC and ETH, you can write me a message, and I can share what software I've been using and whether they are good or not.