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Topic: Who is mining right now? - page 3. (Read 710 times)

member
Activity: 235
Merit: 40
August 28, 2018, 04:47:21 AM
#47
I think it is time for coins to change from proof of work to proof of stake. Some new coins are doing it actually.

My friend was mining some altcoins but he said it is not profitable any more. But they may be mining for the future, when they will do 5x for example Smiley just a hope.
But if no one does mining, who is going to verify the transactions, who will keep the chain? We need them right now, and they need to earn something to continue doing it.
newbie
Activity: 96
Merit: 0
August 28, 2018, 04:20:17 AM
#46
Many of my friends around me have given up on mining because all the price of coins has fallen so badly, and the amount of bitcoin that can be mined is now decreasing!
full member
Activity: 720
Merit: 103
August 28, 2018, 02:46:52 AM
#45
I have a farm for the etherium mining. However, because of the price drop, I had to turn it off indefinitely. Although I am in a region where electricity is not expensive, it is still not profitable to mine now. We will wait for the price to rise.
newbie
Activity: 157
Merit: 0
August 27, 2018, 10:16:52 PM
#44
I ask the same question. I dont have acquaintances who mines these days but I heard that it's too hard right now.
newbie
Activity: 78
Merit: 0
August 27, 2018, 11:02:35 AM
#43
Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!
I'm mining few coins using my laptop. But profits are very less. I think mining from CPU is waste of time. Try to mine from a GPU or mining machine.
newbie
Activity: 224
Merit: 0
August 27, 2018, 08:46:44 AM
#42
Mining top coins now to hard and low profits.
But little altcoins dont lose interesting. And when market will be a bul run you can take a profit.
newbie
Activity: 27
Merit: 0
August 27, 2018, 07:56:20 AM
#41
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jr. member
Activity: 252
Merit: 2
August 26, 2018, 10:56:44 AM
#40
Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!
I have 2 Th/s Bitcoin mining cloud contract.. But still I could not able to cover my investment.. Because Bitcoin mining difficulty is very high now.. Profits are getting low daily.. So, I'm not going to recommend Bitcoin mining to any one now..
sr. member
Activity: 518
Merit: 250
August 17, 2018, 04:52:40 PM
#39
I think only miners whom still believe that crypto market will recover very soon keep mining cryptocurrency at the moment Smiley. For now, seem like it's impossible to get profit from mining when crypto market is being in downward trend like this if miner don't have much TH/s Smiley. A lot of miners that I know are trying to sell all their GPU and S9miner at the moment. Smiley)
member
Activity: 518
Merit: 10
August 17, 2018, 03:34:18 PM
#38
All of you who are leaving mining and selling out the gear, invest that money in some coins and we all are gonna be much better!  Smiley
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
August 17, 2018, 01:16:25 PM
#37
Hi!

I have a question. Who is mining right now? It is not profitable right now! But the network's hashrate is still high!
Big companies and for those miners who do reside into a place where electricity cost is cheap and with sufficient amount of miners to operate on and I'm sure they are the ones who do operate and still mining nowadays because no one would push up transactions if there are no miners. The thing or the fact small scale miners will really be on majorly affected with this market decline together with the spike up of mining difficulty.
full member
Activity: 504
Merit: 100
Bitgesell (BGL) Decentralized Cryptocurrency!
August 17, 2018, 05:37:35 AM
#36
I dont have such acquintances. They were mining more than a half of a year but u know what's going on wih market mood and PC video equipment prices.
newbie
Activity: 183
Merit: 0
August 17, 2018, 04:32:30 AM
#35
How can you conclude that there is no profit ? My friends are still minning and still profitable. The problem is that the market is losing market share will be lower than normal only
jr. member
Activity: 182
Merit: 1
August 17, 2018, 04:30:06 AM
#34
now there are a lot of developments related to new cooling systems and the most powerful production machines) the market will not stand still
member
Activity: 434
Merit: 10
Fast, Smart, Trustworthy
August 17, 2018, 04:01:29 AM
#33
I think the risk of mining is increasing now, and as the number of bitcoins that can be tapped is reduced, the difficulty of mining is increasing, and the price of bitcoin in the market is also decreasing!
legendary
Activity: 1246
Merit: 1024
August 17, 2018, 02:49:02 AM
#32
I am still mining (one rig out of four) and it is not very profitable. I break even or make a slight profit and hold the coins for the future. I believe most quality coins, especially BTC, will go up in value again. Then my mining now would become very profitable at a later date. The other rigs were broken down and I am selling the GPUs, motherboards, power supplies, etc.
newbie
Activity: 96
Merit: 0
August 16, 2018, 09:26:25 PM
#31
I think that will still be profitable from mining, otherwise people will abandon it. Take a look at Bitmain China, which revealed higher profits than the Nvidia US GPU in 2017 and is currently operating well.
full member
Activity: 462
Merit: 100
August 16, 2018, 04:59:58 PM
#30
LOL. I think almost miners have quitted crypto mining already Smiley). At the moment, it's impossible to get money by mining while crypto market keep falling like this. In my country, I can see so many guys are trying to sell S9 and GPU. LOL. They don't wanna waste their time in mining anymore cause they can get profit from it at the moment.
The dramatic decline in the cryptocurrency resulted in declining mining income. In my country there are many Bitcoin mining farms that are on hiatus due to losses from difficult mining and bitcoin prices. I hope that this period will soon be over so that investors can profit from the market.
newbie
Activity: 24
Merit: 0
August 16, 2018, 04:32:21 PM
#29
I think mining with small setup is not benefitable now.
member
Activity: 322
Merit: 22
August 16, 2018, 04:31:28 PM
#28
To date, those who are interested in doing this are engaged in this kind of craft. This can be both large corporations and ordinary users.
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