So what you saying is you wouldn't recommend people mining in 2018? I was getting interested in this idea but I'm seriously doubting this now since it looks like it became such a boom, everyone started mining in 2017 and probably it won't be as profitable as last year
Don't listen to them. There is no better investment than mining. Tell me where else can you invest ANY amount of money and expect ROI in less than a year ? That is just insane. Of course if you are one of those little kids expecting ROI in 2 months then do something else
Mining itself is not profitable of late as in the inception of bitcoins. I wonder why individuals still invest in such hardware which comes with a huge cost of electricity and pool fees.
I am (was until today) making close to $800/mo w an S9. Electrical ran about $257 so I still netted a profit.
Check the calculator. It is not 800 a month now buddy
So ? It will be a lot more than 800$ in a few weeks. And even for 500$ that is ROI in 3-4 months which is still great.
Even if u mine with free electricity, u wont get 800usd per month now. Go check the calculator.
And check out the bitcoin difficulty chart and how it increases.
In general, bitcoin price rose 14 TIMES in 2017. Bitcoin difficulty rose so much. That is why mining is still good profit now.
So, in general, if it is to be the same, we need bitcoin price to rise 14 TIMES this year for the same profitability to be maintained, yes?
U see that happening? If btc rise 14 times every year, it is gonna be 280billion mkt cap by end of the year. Cryto total mkt cap will be around 7 trillion, above gold 6 trillion mkt cap. And by next year, btc mkt cap will be 280billion times 14, around 4 trliion...juz not happening I would think. Buying from manufacturers is still ok although the returns are lower and risks are higher now... but ebay prices...are crazy high
