Topic: Mining Profitable these days? - page 3. (Read 683 times)
If you ask this question 2-3 months ago, I'm not sure. But now, it's really profitable. Take a look at whattomine.com, then calculate the ROI by yourself, please make sure you set the difficulty a bit higher.
It depends on your location. In some countries, electricity is fairly cheap which would allow you to maximize your capital on your mining equipment.
Its profitable but don't forget ROI.
Expensive rigs take time to pay for themselves.
Expensive rigs take time to pay for themselves.
reading the answers about not profitable mining and about whattomine i need to laugh.....
i have 4 rigs and this day mining is huge profitable even paying electricity!!!!!!
whattomine guess 90% what you will get.
i have 4 rigs and this day mining is huge profitable even paying electricity!!!!!!
whattomine guess 90% what you will get.
nope
lol
Seriously, head to whattomine.com and you'll find if mining is profitable for your setup or not
Honestly, every mining calculator that I've ever used has been on the low end when predicting profitability, but that's just my experience thus far. Probably because everything has just been going up these days. Numbers change, if XMR drops 25% tomorrow, the number you calculate in profitability tonight isn't accurate tomorrow. The average is what matters. The average for your rig. Over a week, over two weeks, over a month. Keep track of the stats and you'll be able to tell yourself how much money each card in your rig made per day over a period of time that you choose.
If you know your rig's energy usage stats (and you should) and know what you pay for energy (and you should), you can easily calculate that part by hand.
Yes it is I dont know what everyone says it is not. Do you have to spend alot up front? Yes. Do you earn it all back overnight or in a month or two? No. The time it takes to pay off your equipment will vary but can take up to 9 months or longer. If coin values increase or difficulty decreases like what we are experiencing currently with Nicehash gone and miners making more money then your time to ROI is less. I am currently on pace to break even in 4 months with my rig due to mining coins I believed would rise in value and they did (GRS, VTC) and mining the most profitable at the time (ZEC). Depending on your cost of equipment and your electricity cost you can estimate your time you need to mine to become profitable.
nope
lol
Seriously, head to whattomine.com and you'll find if mining is profitable for your setup or not
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?
Is actually it is profitable depending on the amount you have to invest in miners and if you pay no electricity
He's right. It's only profitable if you pay no electricity
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?
Is actually it is profitable depending on the amount you have to invest in miners and if you pay no electricity
nope
lol
Seriously, head to whattomine.com and you'll find out if mining is profitable for your setup or not
nope
lol
Seriously, head to whattomine.com and you'll find if mining is profitable for your setup or not
nope
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?
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