Topic: Mining profitability (Read 564 times)
I recently read the news that many Chinese mining enterprises are turning off mining equipment more and more due to lack of profit.
m-m... what to buy at now?
Tell me, what to invest at now?
Mining has increasingly become less profitable as it used to be power is the biggest challenge as mining equipments consume a lot of electricity and miners are seeing less profits with the bear market.
The best thing right now is to mine mine coins that are undervalued and will produce more quantity. Then hold them for profits in the next bull run.
The best thing right now is to mine mine coins that are undervalued and will produce more quantity. Then hold them for profits in the next bull run.
I believe that if you have a specialized equipment (antminer, bitmine) and electric light in your country is subsidized or economic, you can still get good profit, so I've seen most people mine monero, but now with these new falls I do not know how profitable it is, if I'm not wrong I think there are webpages that tell you how much you get out of a mine and makes the profit calculations for you.
it is easier to buy the coin. because you can mine the coin, which is constantly cheaper and does not pay for your expenses.
I think you’re a little late with this case, but I would recommend that you pay attention to the nodes.
I think bitcoin is still more profitable for mining, but mining bitcoin requires you to start with some capital, capital for power, the hard ware for the mining, so that cost some money, so for me i am not thinking about mining at the moment. I still prefer, ico investing and trading
In my opinion I think you can surely earn a good amount of profit from mining if you have low electricity cost. But it is difficult right now and I think in this current condition trading is better than mining.
As Btc has a good future it’s worth mining it. One can make more and more profit from it as the price of btc will rise in future. Beside that you also have to think about long term. You can try ETH and/or XMR.
I think now a day’s mining is not so profitable. One of the reasons is high electricity cost. Here the profit depends on your electricity rate. Is also varies from time to time.
You can go for litecoin and ethereum for mining. Itecoin is much profitable and it offers good speed in generating blocks. In ethereum the main factor of mining as in electricity is much cheap.
I would suggest Monero to mine as it is one of the best crypto currency of 2018. It is hassle-free to mine Monero than bitcoin. It is anticipated that the value of it will be increased this year.
It depends on your electricity cost and mining equipment cost. For a better picture, go to whattomine and calculate with the costs.
Is it worth mining any more? if so - which is the most profitable coin?
No, not for an individual. It would be far better to take the money that you were going to use to buy mining hardware, and just buy coins instead. The time for individual people to make money by mining coins on a single computer has long gone.
GPU mining has ceased to be profitable. His place was taken by ASIC . Home mining is dying-industrial can bring benefits.
Mining is quite expensive so if you cannot bear the cost then mining crypto is definitely not profitable. But if specialized ASIC mining is affordable then mining is able to make profit.
Is it worth mining any more? if so - which is the most profitable coin?
Maybe you can try to mining some new coins, then you can be an early adopter of the coin.
But always find a good coin with a good project behind it, so your coin value can rise when it hit the market later.
Better than mining at the present time - use altcoyins that provide passive income from storing altcoyins in their wallet. Without additional investment in expensive equipment. You just need to be constantly online.
I think it will be difficult to meet the demands in terms of the profitability of mining if Bitcoin price falls to the amount of 3000 - 4000 USD specified in the estimates. As a result, Bitcoin shouldn't go below 6000 USD to fulfill equipment, electricity and maintenance costs.
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