Mining when coins' values are low is not profitable!

Nestade

jr. member

Activity: 41

Merit: 793

inactive

Quote from: vuli1 on May 07, 2018, 10:08:27 AM

If you do not have idea what are you doing, try Nicehash. It's perfect mining tool for beginers.

Well, I'd really recommend on getting an idea about what you're doing instead of using Nicehash.
Nicehash has too high fees that aren't worth the fact, that it's easy to use.

vuli1

jr. member

Activity: 238

Merit: 3

If you do not have idea what are you doing, try Nicehash. It's perfect mining tool for beginers.

Midcrypto

newbie

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Merit: 0

Quote from: maarx on May 06, 2018, 03:16:50 PM

I am into mining altcoin with 7 graphics cards since last 5 months. I heard mining would give a standard income every month after the deduction of electricity fees. But to say the fact, i do not see a decent income as the exchange values of altcoins i mine are low. The coins i mine are; Zcash, Neo and ETH. What about you who mine?

What GPU's are you using and what are your hash rates?

Any of those coins, especially ETH should be very profitable right now and have been for some time. As far as constant income, it will always very based on the market prices. Additionally, your profitability will continue to drop as difficulty increases.

2stout

hero member

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For the challenges of the here and now, one has to look outside of the box- the current, present and consider the future. HODL is one strategy that considers the future.

Mohondoa

newbie

Activity: 154

Merit: 0

Every miner know if mining is hard job to get coins

. So if we are thinking about how much we get per month / per year, i think that's you are not ready to be miner. The Miner thinking is how can easily to get the coin he want, not how much he get.
What always i do and thinking about mining is what coins i must mining easily, and how valuable that coin in the market to trading it, also how about that coins to be the future income.

xlm19877

member

Activity: 140

Merit: 20

the best way for miner is mining best coin ..eth ..etc ... pirl

and you must do not sale it until the coin go up to the high price

Lonthe

member

Activity: 384

Merit: 10

In mining of course any condition we have to be ready, if the price is low then we have to do is continue to mining but hold and do not sell, waiting to get a good price of course is the most important thing for profit.

bearsworth

sr. member

Activity: 392

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The best thing you can do is optimize your current setup. If electricity is $0.13 USD or more, consider investing in coins directly or looking for cheaper electricity areas if possible.

adaseb

legendary

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Merit: 1708

Quote from: ivakar on May 07, 2018, 12:53:42 AM

why, eth should give nice profit now, especially if you mine it properly with the boost tool, and the price for ETH is also on the rise. you have to sell wise to earn good profit.. and use right tools of course!

I have a feeling that the OP has no idea what difficulty is.

Basically all my friends keep calling me and asking me why is their profitability low when ETH was the same price as a few months ago.

I have to go on and on and on and explain how difficulty works and why they are making less profit with the same ETH speed and ETH price.

szafa

hero member

Activity: 812

Merit: 500

I have pos coin ,this give me better profit.

ivakar

hero member

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why, eth should give nice profit now, especially if you mine it properly with the boost tool, and the price for ETH is also on the rise. you have to sell wise to earn good profit.. and use right tools of course!

leonix007

sr. member

Activity: 1008

Merit: 297

Grow with community

Quote from: maarx on May 06, 2018, 03:16:50 PM

I heard mining would give a standard income every month after the deduction of electricity fees.

What you heard is only a rumor, there is no standard income in mining

this is so true also to crypto coins

Quote

But to say the fact, i do not see a decent income as the exchange values of altcoins i mine are low. The coins i mine are; Zcash, Neo and ETH. What about you who mine?

you mine the most popular coin and probably has the highest diff

why don't you try other decent coins out there like X16r for Nvidia's and Cryptonote Algo's for AMD's

stefan2208

newbie

Activity: 43

Merit: 0

Two things that you can affect are to explore and find less known coins which might bring you more profit on daily basis than top coins. I have been mining raven for two months now and it brought good profit to me, maybe even 50% more than i could get with eth. The other thing is to mine and wait the price that you will bi satisfied with. On the time of bull the prices raised but diff raised with prices as well and when the prices went down diff stayed the same. That is the common problem of all miners, just make your own strategy, no worries.

maarx

hero member

Activity: 882

Merit: 517

cloverdex.io

I am into mining altcoin with 7 graphics cards since last 5 months. I heard mining would give a standard income every month after the deduction of electricity fees. But to say the fact, i do not see a decent income as the exchange values of altcoins i mine are low. The coins i mine are; Zcash, Neo and ETH. What about you who mine?

Topic: Mining when coins' values are low is not profitable! (Read 269 times)