I feel that mining is indeed profitable. I think as long as my earnings are greater than my electrical costs than it is ok.
The bad feelings by many on here are probably due to them overpaying for their mining gear and they are too focused on looking at the short-term. The way I feel you basically invested in mining gear in order to "buy" coins and a less than market rate.
This is still true as of today, where you gain more coins for your $$ by mining than you do by buying them directly. Since the only reason to invest in a coin is that you feel at some point in the future the price will go up, then by that measure mining is still profitable.
Topic: MINING STILL PROFITABLE? - page 3. (Read 1292 times)
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
.
Mining is still profitable if you research the best coins to mine with your specific hardware. Even with rates up to $0.20 / Kwh you can still be profitable although 5 months back the mining profits were much better. Getting your money back may now take you up to 2 years with current mining profits so it isn't as lucrative as it may have been in the past but if you believe in buying and holding the coins you may benefit in the long term.
I personally wouldn't be buying loads of GPU's right now unless they were NEW and dirt cheap and I mean below retail value...
Mine on!
I personally wouldn't be buying loads of GPU's right now unless they were NEW and dirt cheap and I mean below retail value...
Mine on!
It's still profitable but not as profitable as it used to be. It also highly depends on your electricity cost and your hardware. If you already own a computer which could be used, you're solid. If not however, building a rig currently is a risky investment, GPUs are still expensive due to miners and their high demand. That translates into you needing months or even more than a year to break even.
It's really depend on the mining rig(s) that you have.
If you have high-end mining rigs or even investing in ASIC mining rig then yes it's still profitable but with a very small/ close margin and your ROI will bit longer.
Even the monsters-rig like the new release X3 from Bitmain and Baikal N series will be not profitable as they advertised since they're all will be dead on arrival.
If you have high-end mining rigs or even investing in ASIC mining rig then yes it's still profitable but with a very small/ close margin and your ROI will bit longer.
Even the monsters-rig like the new release X3 from Bitmain and Baikal N series will be not profitable as they advertised since they're all will be dead on arrival.
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.
Choose the right algorithm which is profitable now then go with that there are many profitable has been launched from the Zotac recently as I got the information. Get it you may get more than 50+MH on mining ethereum.
so far not very profitable for me if i were to sell the coins now.. so i hold it until it valuates in future.
But currently only using 1 x gtx 1050 ti + cpu for ETN
But currently only using 1 x gtx 1050 ti + cpu for ETN
mining is always profitable,it is all the matter of HOW profitable
ROI can be different,ranging from 3 month (or even less) to 3 years and more
at the moment,it is not very profitable to get into mining,especially with GPU's and CPU's
average ROI is over a year for GPU's and almost two years for CPU's
the lower the price is going to drop,the more time it will take you to return your investment,so do not start unless you are able to hold coins long enough
to sell them at a higher price and get some good returns
ROI can be different,ranging from 3 month (or even less) to 3 years and more
at the moment,it is not very profitable to get into mining,especially with GPU's and CPU's
average ROI is over a year for GPU's and almost two years for CPU's
the lower the price is going to drop,the more time it will take you to return your investment,so do not start unless you are able to hold coins long enough
to sell them at a higher price and get some good returns
Depends where you live, in some coin try with cheap electricity it is still barely profitable, in other countries it is already at wall socket level..
So i guess if you want to start mining it is not the best time now
So i guess if you want to start mining it is not the best time now
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.
depends on many factors, price of electricity, the market, price of equipment... but from my point of view it is still profitable, at this moment it is time to do hodl and wait for market recovery to come out even with more profits.
yep profitable.
For me, I always mine coin for long term holding, so I dont spend much time on looking daily price. Actually, I have to sell a bit for electric bill each month, and some of my friends who already joined mining few years, they all said in some long and deep down trend, they even mined BTC without any profit.
Mining is dying
Yep, so are we all. Universal entropy hat tip Nietzsche. Anyway, if anyones selling their 1080ti's cheap do let me know.
now mining is profitable for me.. you have a patience in mining.. because i have mining rig
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
.
ROI now is 2-3 yrs, depends on the price of electricity, yet still somewhat profitable (for me, not recommended)
Mining is dying
yeah, miners need to hold a coins its a few time until mining is back to life and price all a coin back to the moon and keep the Rig to remain idle if electricity bill higher than income and keep patience to wait for ROI.or if some miners can't through this process, then they can sell RIG its, on eBay or Amazon. 
Mining is dying
I beg to differ. Sure, the Major coins might see less net hashrate that during the fabled ATH but most people merely shift to other lesser coins that are more profitable. And GPUs are still sold out everywhere unless you're willing to pay a nice price premium.--ypsi
Mining is dying
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