Will mining be profitable again? - page 12.

proTECH77

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Quote from: joseyphil82 on May 13, 2019, 01:50:13 AM

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Basically mining will be profitable again becasue of what is happening in China, where the government of the day choose to Ban Bitcoin and miners are closing up their rigs and moving out to other locations. For the main time we will see another season of profit from mining.

sulis sudibyo

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Quote from: joseyphil82 on May 13, 2019, 01:50:13 AM

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if bitcoin is still under $10k, miners find it difficult to make a profit. the lower price for bitcoin should be $10k, then they can get profit. for now they can only survive, if asked whether it is profitable. it is clearly not profitable

Jenkins33

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Large industrial farms have been mining Bitcoin for a long time. Long gone are the days when Bitcoin could be mined at home. Therefore, hardly anyone on this forum will be able to tell you how profitable bitcoin mining is right now.

aliceHortrex

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Probably yes. Because the higher the price the more relevant mining. Because it will become profitable. Previously, when the price was not expensive, then mine was at a loss, and now you can earn.

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Quote from: mr.robot8 on May 13, 2019, 01:45:33 PM

i believe that mining bitcoin will never be profitable again even with the most powerful graphics card, maybe we can get something from altcoin mining but still low gains

Mining Bitcoin with graphics cards hasn't been profitable for years due to the superior performance of ASICs.
For altcoins there are still algorithms that haven't been completely outperformed by ASICs and therefore can still be mined by GPU-rigs with a profit (depending on your electricity rate).

jan.nicolas

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Probably due to the fact that cryptocurrency prices are rising today mining will have growth. I think that this will be the reason why mining will increase. All this is only a temporary condition and most likely we will see a new growth in the construction of farms.

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Quote from: joseyphil82 on May 13, 2019, 01:50:13 AM

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining is like gold, always has a certain value but the true values is shown in crysis. Blockchain is based on miners, without them there no knots, no decentralisation and so on.

bonker

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If the value richest to a good situation then mining is also being profitable in this situation because if Bull Run starts again for a long time then mining is profitable to everyone who are waiting to mine them quickly.

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Mining will become profitable when the price of bitcoin rises above 10K$. Or you can try to mine bitcoin now if you have a free electricity)

mrdeposit

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After the fall in price in recent months, mining was unprofitable. Even so, dozens of big companies have stopped mining. But the current price is more appropriate than in recent months.

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Quote from: joseyphil82 on May 13, 2019, 01:50:13 AM

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if the price of bitcoin continues to increase then this will certainly provide a difference in calculation and doing mining can return to bring profit. I have read the data that when someone miners wants to gain profit, the price of bitcoin must be at rates of 9,000USD. this has been calculated by the allocation of electricity and hardware needed. mining will be profitable again when the price of bitcoin continues to increase and may be in the price range of 10,000USD.

mr.robot8

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i believe that mining bitcoin will never be profitable again even with the most powerful graphics card, maybe we can get something from altcoin mining but still low gains

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Quote from: joseyphil82 on May 13, 2019, 01:50:13 AM

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

if things continue to improve, I think it will be profitable again. yesterday the miners lost because the price of coins dropped and did not get a profit. but if this time the price continues to rise, it is not impossible that mining will be liked again. but for those who want to new start, I think that is impossible. it will be very difficult to get profits for those who are just starting out.

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Quote from: Gabmot on May 13, 2019, 12:38:54 PM

Definitely yes! In fact anyone going into mining should have considered his/her options. At least one must know the nitty gritty of it, , , especially it's cost. In the long run, i believe it's gonna pays off.

Yes, there are only two choices when investing and that choice is determined by us alone in mining Bitcoin with the largest capitalization.
Having large capital alone cannot guarantee profits if we cannot understand the ecosystem and the potential of coins, if we want to get a big return on long-term investment because BItcoin is strong and will not die.

ethereumhunter

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I don't know when mining will be profitable again as I don't mine right now. But I heard from my friends that with the increases in bitcoin price, they could get a profit although not much. Maybe what they said is true because with the higher bitcoin price can give us a nice reward but still, we need to have a big hashrate to get those profit.

Gabmot

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Definitely yes! In fact anyone going into mining should have considered his/her options. At least one must know the nitty gritty of it, , , especially it's cost. In the long run, i believe it's gonna pays off.

Cianix

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Quote from: BitBustah on May 13, 2019, 08:59:58 AM

Mining has always remained profitable for some people or no one would even be doing it. Don't be surprised at how low some of these big mining farms have been paying for electricity. Btc difficult still hasn't increased much since this recent price jump but I expect that to change soon.

Well, it was not always profitable to mine , I think now when bitcoin starts to grow strongly , then actually mining is profitable , and in fact now a lot of coins goes to pos mining

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Quote from: joseyphil82 on May 13, 2019, 01:50:13 AM

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining Bitcoin has long been engaged in large farms, which are located in countries and regions with cheap electricity, so even when Bitcoin fell to 3,000 thousand mining was profitable for them. Also, they did not sell all mined coins, but only those that were needed to offset the costs. Now they can sell their stocks of coins and get more profit.

ariyzt

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the problem from mining is the electricity, when the electricity cost more than what they get from mining its not going to be profit anymore, but let see if bitcoin hit new ath, it going to be profitable or not

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Quote from: joseyphil82 on May 13, 2019, 01:50:13 AM

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining was always profitable but with the increased price, comes increase in number of transactions. So, there are more blocks and more value for each block. So, the profit naturally increases. But the profit is mainly depended on the price of electricity and purchase and maintenance of miners.

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