Topic: is mining still profitable? - page 5. (Read 3512 times)
Yes it is profitable but I think you need to have high capital to get more profit and I think it takes 3 months for the ROI.
im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it
It depends on whichever for you is profit.15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.
thats per day dude wtf per month 20 on a D3 are u smoking crack ??
i think $20 per month is not too expensive for electricity cost but we need to have high end hardware and its depend on what coins want we mining. i think with gtx1070, you need to have more than only one gpu because if its only one gpu then you can not make any profit. if you have more money, maybe you can considering to buy hardware like L3 which currently mining ltc and you can visit on bitmain company to buy the hardware.
This question depends on two things.
First if you want to be involved in the crypto market is it for profit seeking, growth of the network or both?
Second do you feel very assured that the money you invest in the crypto market will be a worthwhile investment, i.e. is the risk worth the reward?
My experience involved buying cards to mine, in order to hedge my bet against a collapse of the crypto market earlier this year. I still feel that purchasing the equipment is the safer bet in the sense that you still have a physical product that has some utility.
If you are tech savvy, don't mind spending large portions of your free time working on your rigs and properly cooling them, you will have a fun project on your hands. Some people advocate away from people mining because an increase in network difficulty reduces rewards but i prefer an army of hobby miners controlling the network than a bunch of render farm giants moonlighting on the crypto networks.
First if you want to be involved in the crypto market is it for profit seeking, growth of the network or both?
Second do you feel very assured that the money you invest in the crypto market will be a worthwhile investment, i.e. is the risk worth the reward?
My experience involved buying cards to mine, in order to hedge my bet against a collapse of the crypto market earlier this year. I still feel that purchasing the equipment is the safer bet in the sense that you still have a physical product that has some utility.
If you are tech savvy, don't mind spending large portions of your free time working on your rigs and properly cooling them, you will have a fun project on your hands. Some people advocate away from people mining because an increase in network difficulty reduces rewards but i prefer an army of hobby miners controlling the network than a bunch of render farm giants moonlighting on the crypto networks.
It is still profitable and the cost of mining supports the market price
Currently it would to say that depend on your 1st investment to mining.
With my opinion just put small note to trade on some exchange.
Mining sure still profitable if not why many people investing in this. It's depend on your self
With my opinion just put small note to trade on some exchange.
Mining sure still profitable if not why many people investing in this. It's depend on your self
Not quite profitable, but it depends on your electricity bill, if you have cheaper bill then it is still worth.
Depends on what you want to mine. Bitcoin will be too late as it was dominated by ASIC mining farms at altcoin still a little bit profitable specially if you are in the region with cheap electricity.
im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it
It depends on whichever for you is profit.15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.
thats per day dude wtf per month 20 on a D3 are u smoking crack ??
im kinda new to mining is it still profitable with gtx 1070 or only if u have d3 is it worth to invest in it
It depends on whichever for you is profit.15-20 USD per month after electricity cost deduction is it profitable for you?
As for me it's not worth it. It's much better to invest directly in coins right now.
Looks like risky business now. By the time altcoins are profitable again the coins that are being mined ate probably forgotten and replaced by newer ones that solve problems or add features.
I expanded and it was to diversify and needed to use the half megawatt that I had laying around for a rainy day.
I think its profitable for people that are already in it for a while and ROI-ed their investment...for newcomer,
I'd rather invest into coin than into rig
I'd rather invest into coin than into rig
Currently it is 15+ month ROI and is decreasing heavily, for so new miners bad time to enter market. But, if you want to build a gaming pc that will double up as mining server go ahead.
but if i get a d3 i know its going to be like super good short term or long term right? and it pays for itself in like 2 months
Yes it is still profitable, although I have noticed a lower return rate mining ethereum over the last month or so. I think the difficulty of this coin has increased enough that it has affected the profitability of my rigs. I will continue to mine it until I cannot anymore then will switch what I am mining using the rigs. That is a nice feature of building mining rigs, you do have some flexibility of what you are using them for. Definitely not a "get rich quick" type of thing, but in my opinion still worth doing.
Yes and no, It depends on the coin, some coins are very rewarding to mine, while others have a high level of difficulty hence the profits a low.
I think it's a bit late if you're looking for a good ROI in short-term, but it's never late if you target for mid-long term with good coins.
Somebody here already stated that they mined some coins even for negative profit, but they get rich now.
Somebody here already stated that they mined some coins even for negative profit, but they get rich now.
Just do it! 
It's late for ethereum mining. Buying ethereum with your budget is more profitable.
If you are betting on other rising PoW coins, mining could be OK.
If you are betting on other rising PoW coins, mining could be OK.
Even if your mining efforts are not 'profitable', as others have implied, you'll certainly get knowledge/education by exploring mining software/hardware/pools etc. Dive in for a while, you'll either love it/get addicted or not bother - for now 
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