Topic: Mining Profitable these days? (Read 687 times)
I think making the mining rig to be used as an investment is not to be the day-to-day income, for example, your mining Ethereum when the price is still 0.03 BTC and you hold your mining results until now I think it is profitable 0.04btc per 1 ETH
Nope
I would love to hear your (and other's) opinion about why mining is not profitable, and what you are doing that makes it not profitable.
Let's look at the portion of my farm mining ZEC--of which I have 14 GPUs.
It costs an average of $5.79 per day to run all of them for 24 hours. In the last month I mined 4.18 ZEC. ZEC is currently trading right around $500 on Bittrexx (which is much lower than it was trading yesterday actually).
This means I've spent about $175 in electricity and have $2,090 in ZEC as a result. All in all, depending on fluctuations in BTC (the underlying currency that everything trades against), these 14 GPUs average a daily profit of $50-$85--consistently hovering in the $70s.
Mining can be extremely profitable if you know what you're doing, manage your farm correctly, make sure the pool you're with is getting you what the calculators say your setup should earn, and are adjusting/monitoring everything on a daily basis.
You`re not getting the meaning of that "Nope" obviously lol
And the whole calculus and wall of text...
Well, we are all miners (most) here and what we are especially butthurt about is a hashrate increase. So, any new guy popping up with "is mining profitable" is triggering the response. Also i believe that ppl are already fed up with newbros. But, we were all newbros once, so i feel for this guy. OT, mining can be very profitable, if you know what you are mining (hence the here domesticated phrase "only if you know what you are doing"), and if you don`t expect roi in 3 months. So, do some research (that way you`ll have to blame just yourself for failing, or feel like a boss for winning), not all profitable coins are on What to mine.
Nope
I would love to hear your (and other's) opinion about why mining is not profitable, and what you are doing that makes it not profitable.
Let's look at the portion of my farm mining ZEC--of which I have 14 GPUs.
It costs an average of $5.79 per day to run all of them for 24 hours. In the last month I mined 4.18 ZEC. ZEC is currently trading right around $500 on Bittrexx (which is much lower than it was trading yesterday actually).
This means I've spent about $175 in electricity and have $2,090 in ZEC as a result. All in all, depending on fluctuations in BTC (the underlying currency that everything trades against), these 14 GPUs average a daily profit of $50-$85--consistently hovering in the $70s.
Mining can be extremely profitable if you know what you're doing, manage your farm correctly, make sure the pool you're with is getting you what the calculators say your setup should earn, and are adjusting/monitoring everything on a daily basis.
I can't see mining not being profitable for a long while yet. People want coins but also the convenience of buying them, which is hard enough for the average new user in crypto. Unless everything suddenly turns into POS, mining is safe for a good while yet.
I am still getting a lot of profit with Etherum because the price of Etherum is rising a lot while the difficulty remains. Etherum miners are earning high profits every day. You might consider switching to the big altcoin to conduct the extraction to get bigger profits.I've been mining various neoscrypt coins lately and then just sell/exchange those for ETH/XMR etc
Well its basically triple the profitability from exactly 1 year ago.
I assumed it wouldn't be a profitable year 2017 but I was wrong.
Mostly because ETH promised POS to start in 2017 but they are way off schedule.
I assumed it wouldn't be a profitable year 2017 but I was wrong.
Mostly because ETH promised POS to start in 2017 but they are way off schedule.
Nope
Mining is still profitable bro. Don't mine in bitcoin, for sure you will just be wasting your time. Mine altcoins, there are many altcoins that have potentials in the market and do allow mining in them.
Nope
GPU's don't come equipped with odometers.
Yeah, mining is profitable again, but always be careful, things can change in just few days, dont invest what you are not prepared to loose.
1070 is one of the best cards in the market, go mine Equihash coins and you will be fine.
1070 is one of the best cards in the market, go mine Equihash coins and you will be fine.
You don't lose your hardware if mining temporarily or permanently becomes unprofitable.
But you burn it whith mining ^^
Yeah, mining is profitable again, but always be careful, things can change in just few days, dont invest what you are not prepared to loose.
1070 is one of the best cards in the market, go mine Equihash coins and you will be fine.
1070 is one of the best cards in the market, go mine Equihash coins and you will be fine.
You don't lose your hardware if mining temporarily or permanently becomes unprofitable.
Yeah, mining is profitable again, but always be careful, things can change in just few days, dont invest what you are not prepared to loose.
1070 is one of the best cards in the market, go mine Equihash coins and you will be fine.
1070 is one of the best cards in the market, go mine Equihash coins and you will be fine.
Go find a coin that's minable with low hardware requirement. e.g. you can mine monero in a pool with your CPU. Or try BTX with a state of the art GPU. Like others said before, make a quick check at https://whattomine.com and compare.
Yesterday I talked with the person who is engaged in mining. He bought equipment for 3000 drolars. A month receives about 0.6 ethereum. I do not know whether this is profitable or not ....
Lol ... You're nuts dude.
It's not necessary now to beaten the beat, and not the etherium. We need to look for new crypto coins, which are fairly easy to mine now. In the hope that later they will increase in price.
Yesterday I talked with the person who is engaged in mining. He bought equipment for 3000 drolars. A month receives about 0.6 ethereum. I do not know whether this is profitable or not ....
NOt at all, hard to obtain parts and to optimize to get a revenue which gets exponentially harder, mining is for already settled people and some lucky individuals in some countries
thanks for the information mate 
its very helpful I just wanna ask if mining is profitable these days because I'm planning to create a rig with 5 1070... any software recommend for mining?
amazing reading for you here Mining in Australia where electricity is pretty expensive
Using 1080ti and they roi well, and are profitable enough for me
Using 1080ti and they roi well, and are profitable enough for me
They are trash mining cards, expensive to buy, expensive to mine with most power costs, let alone in Australia.
everytime same Q
I can't see mining not being profitable for a long while yet. People want coins but also the convenience of buying them, which is hard enough for the average new user in crypto. Unless everything suddenly turns into POS, mining is safe for a good while yet.
Buying hardware to mine (with the exception of asic's) is always safer due to the secondary market. There is no secondary market for asic hardware.
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