Topic: MINING STILL PROFITABLE? - page 2. (Read 1292 times)
It is profitable depending on your electricity cost. Keep in mind that since yesterday the GTX 1060 3GB cannot mine anymore Ethereum due to DAG 177 difficulty increase so if you have not yet bought your cards do not buy one of these.
I believe a strategy worth trying at this point in time is the longshot coin mining.
What is it? Basically just a mine a fairly new coin that isn't listed on an exchange yet. Once it gets listed, you will surely have already mined a lot and probably earn much more. Just make sure you pick the right coin that isn't a shitcoin that never actually gets listed.
What is it? Basically just a mine a fairly new coin that isn't listed on an exchange yet. Once it gets listed, you will surely have already mined a lot and probably earn much more. Just make sure you pick the right coin that isn't a shitcoin that never actually gets listed.
That sounds like a good approach. Only problem most mineable new coins are shit. 95 percent of them. I think another strategy i might try is to mine zcash to autoconvert to btc or eth. And use those funds to invest in a popular ico.
Mining is still profitable but not as like before. I came to know about mining through one of my friends who is doing mining. I too had a thought of investing in it. But right now he cant able to cope up with the electricity bill. This bill occupies his 50% of his profit earned through mining. If you live in the area where it has low cost or free cost of electricity then its best to invest in it.
how much money did you guy invewst for a rig mining
Around $8500 for 8x1080ti rig, but that was last September. Currently VGA prices are way too high, doesn't make sense to buy a single card for $1400.
I believe a strategy worth trying at this point in time is the longshot coin mining.
What is it? Basically just a mine a fairly new coin that isn't listed on an exchange yet. Once it gets listed, you will surely have already mined a lot and probably earn much more. Just make sure you pick the right coin that isn't a shitcoin that never actually gets listed.
What is it? Basically just a mine a fairly new coin that isn't listed on an exchange yet. Once it gets listed, you will surely have already mined a lot and probably earn much more. Just make sure you pick the right coin that isn't a shitcoin that never actually gets listed.
how much money did you guy invewst for a rig mining
Unless you already have some rigs, don't invest in mining as it's way too risk to get your money back. It's less hassle just to buy some coins and hope prices will go up one day. I used to do mining back in 2013-2014 but I had quit because there were many troubles. Had I keep coins mined in 2013-2014 though, I would be rich!! But no miners mine coins just to keep for several years, they have to pay electricity!
actually, mining still profitable because we have many options to mining and we can use every chance from the coin to mining. but there are many things that we need to think and calculate so we know which coin that will bring a profit for us in monthly. without doing research about mining itself, we don't know how to mining, how to choose the right coin, we don't know how much the electricity fee that we should pay and another else. but if you still don't know about this and you still want to try and start mining, then you can go with mining.
Yes it is profitable. Will it be in the future. Don't know. ROI for me is 11 months left if prices stay stable and difficulty increase doesn't spike like it did dec. - mar. 2018.
If the price goes up to 11-13k. 7-8 months.
If you haven't bought a miner yet. Don't. It's risky.
Take the l3+ mining stats
December 2.5 LTC
March 1.6 LTC
I expect my L3+ to make less than .4 LTC per month by December 2018.
At today's prices thats just a little over the electricity usage. $57 (at a .10 kWh rate)
If it goes down below $140 and stays there till december. well....poop.
If the price goes up to 11-13k. 7-8 months.
If you haven't bought a miner yet. Don't. It's risky.
Take the l3+ mining stats
December 2.5 LTC
March 1.6 LTC
I expect my L3+ to make less than .4 LTC per month by December 2018.
At today's prices thats just a little over the electricity usage. $57 (at a .10 kWh rate)
If it goes down below $140 and stays there till december. well....poop.
mining is profitable , if you have a good set up in your pc , but for me its too expensive ,and it takes times to sell what you have mined. ive tried mining but , it gets more of your time , you need to watch it every now and then , and if you also have a poor connection its nothing ,. and you need a good set up or else you cant mine good . and pc might get over heated , if your place is not cold ,.that just for me ,. we have a different mind set.
ASIC sales are designed to be profitable only for the sellers, if you make anything off them its just pure luck. ASIC manufacturers make most of their profit by mining themselves and only sell their old units to maintain the illusion of a distributed network.
They know exactly how many units they are going to make or when they come out with newer models so they fine tune the sale price to precisely what the unit would have made if they just kept mining with it - in other words, they set the price where they think people are going to barely break even.
They know exactly how many units they are going to make or when they come out with newer models so they fine tune the sale price to precisely what the unit would have made if they just kept mining with it - in other words, they set the price where they think people are going to barely break even.
Get asics. They been dropping in price and pay out more. Problem solved
hodl only makes sense if you can hodl for the next ~2 years. Get real guys, we're not going to have another bubble while this one is still bursting.
Pay electricity bill on time.
For the rest, keep on mining and hodl.
For the rest, keep on mining and hodl.
Mine now and just don't sell in this bearish market. What I do these days is, mine and hold. There's just no way I'm willing to sell any of my crypto in this bearish market.
I agree whit you, need hodl to make good profits in mining at this moment
ROI takes a long time especially with the skyrocketing GPU prices
ROI now is 2-3 yrs, depends on the price of electricity, yet still somewhat profitable (for me, not recommended)
just predictions, no someone truly knows what would happen with Cryptocurrency especially mining, example price of BTC, see the price history of BTC:Date USD : 1 BTC
May–June 2016 $450–$750
July–September 2016 $600–$630
October–November 2016 $600–$780
January 2017 $800–$1,150
Surprise, who would have thought the bitcoin price could rise sharply in a matter of months. So, that matter can also happen for ROI, can ROI next month or next years or 2-3 years or 10 years later.
Reference History Of bitcoin
.
Surprise crypto is one big pump and dump
Every coin that comes out is made to pump and dump via master nodes and mining
The only way if mining becomes profitable is if Bitcoin is ARTIFICIALLY PUMPED UP TO late 2017 levels
Until then your 1080tis will struggle to make$1
if you have not started mining better you are waiting for the G20 world government decisions. which discusses the continuation of crypto ..
world governance is very influential in the world of crypto, so you wait for the decision, if they allow you to open the mines, if they do not support crypto then you better discourage your intention to start mining.
if you open the mines with VGA / GPU you better read news tentmin bitminer / machine engine specially designed to mine, if they remove the device en masse, you better stop your mining with VGA card / GPU.
it's just my advice
world governance is very influential in the world of crypto, so you wait for the decision, if they allow you to open the mines, if they do not support crypto then you better discourage your intention to start mining.
if you open the mines with VGA / GPU you better read news tentmin bitminer / machine engine specially designed to mine, if they remove the device en masse, you better stop your mining with VGA card / GPU.
it's just my advice
dude what I mean here is the instantaneous rate, not predicted
ok, Now change prediction, so instantaneous rate. still, nothing guarantees that instantaneous rate 2-3 year, that could also happen 1 year or 4 years or 10 years. the points its can't prediction instantaneous rate because of on ROI influenced by many things. At this time still profitable for miner bought a GPU 1 year ago although almost all coins are a decrease. At this time, mining isn't profitable for miner purchasing a GPU with a high price and nearly all coins price are a decrease.
I see that other thread has been created in this same section for saying mining with GPU will not work hereafter but you have said that it is still profitable bro. Hope your answer would work better than anything.
When the time most of the top crypto currencies dumped, you will find the difficulty on the concern coin.
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