Topic: Will mining be profitable again? - page 13. (Read 13127 times)
For sure if bitcoin's price will grow up it will be profitable again. For my neighbor mining not profitable from him as now for those electric usage and low price of altcoins so they can't manage they earn monthly.
Against the current rates you can spin on almost any card to mine against some profit if your power isnt to expensive. Sure the diff spikes will come in play sooner or later and it will be hard again.
With this condition of the market surely mining is profitable, the bitcoin and altcoins their prices are keep increasing so this is good time to mine.
I think now can be profitable, i reffer to bitcoin mining, but i think for this to happen need to calculate how much cost electricity because if electricity cost to much like on my country you should put money from own pocket to pay electricity even if sell all bitcoins mined in a month.
Hopefully the price is stable above $ 7000 so that we can mining again, I have stopped mining from December because the price of bitcoin dropped below $ 5000, and now I am ready to mine with 3 units of Antminer S9 - Bitmain.
I think now can be profitable, i reffer to bitcoin mining, but i think for this to happen need to calculate how much cost electricity because if electricity cost to much like on my country you should put money from own pocket to pay electricity even if sell all bitcoins mined in a month.
well, maybe it's still profitable. however, some people are still crying for crypto, and of course they do that because it's still profitable. What's more, at this time, prices have risen again. if the price rises with height, bitcoin, and altcoin, it will really be profitable for miners. 
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?
for me i think if mining right now is not worth it many miners are complaining about the difficulty in mining, the profit they earn will just go to the electricity bill and internet bill, just are just wasting time and effort, wait atleast btc hit 10k dollar for sure income in mining.
I think now can be profitable, i reffer to bitcoin mining, but i think for this to happen need to calculate how much cost electricity because if electricity cost to much like on my country you should put money from own pocket to pay electricity even if sell all bitcoins mined in a month.
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?
it depends on the difficulty, once the difficulty increases the mining profit will lessen and once the difficulty decreases the profit will raise, it is depends also to the price of BTC at the moment you acquire your coins from mining.
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.
Mining has always been profitable. This will of course depend on you and your resources if you’re using cheap resources then you will earn a lot more. This is profitable because if not then why are others still mining right? If it is not profitable then it will not have miners meaning no approval and more delays but it is not like that. It is very profitable specially if you have the right equipments in doing so. It was more profitable before though because there are less miners before and less miners means more profit.
Depending on your location and what gpus your mining with. Mining would still be profitable if you have a low electric bill since this is a board for altcoins I can say that some coins are profitable based on the calculator on whattomine.com. I see about 110% profit rate for ethereum even if it was still on the bear market.
calculation on whattomine totally different with the fact in our mining result.dont make it as our guidance while starting mining.at first time i used it but i think its wrong while i look on my mining result.
It will depend to the resources, if the resources is very cheap then mining is very profitable type of investment. Let's just say that not only for bitcoin but also for other currencies that has a potential in the long run.
But if the price will reach like 10k plus then it will give a good amount of profit to the miners and I am pretty sure that the market will be alive again. Investors, project owners and supporters will surely be the first to welcome it.
But if the price will reach like 10k plus then it will give a good amount of profit to the miners and I am pretty sure that the market will be alive again. Investors, project owners and supporters will surely be the first to welcome it.
+1 for this opinion my friend of mine has a mining but he has no good profit in mining why? First of all the resources are too high like payment in electricity bills thats why he decided not to mine bitcoin instead he mine a potential altcoin which is a good decision because if bitcoin continue to dominance there will be a chance that altcoin will follow their flow.
Depending on your location and what gpus your mining with. Mining would still be profitable if you have a low electric bill since this is a board for altcoins I can say that some coins are profitable based on the calculator on whattomine.com. I see about 110% profit rate for ethereum even if it was still on the bear market.
calculation on whattomine totally different with the fact in our mining result.dont make it as our guidance while starting mining.at first time i used it but i think its wrong while i look on my mining result.
Well i think mining in your house like old time. Its imposible right now. Its more profitable to industrial level and setting a facility in a selected country,, i think its a big fishes game right now. more right now that prices ofd crypto are skyrocketing right now more bigh fishes are going to start investing again
Now that bitcoin is at 7000k plus is mining becoming profitable again?
Mining would always be profitable. If it isn't profitable, no one would actually mine bitcoin and all transactions are delayed because no one will ever confirm it.Or bitcoin still have to surge more in price before profitable mining returns?
If it surges more and brings altcoins up again, surely it will be more profitable for altcoin miners too.For now the profitability of mining highly depends on your electricity rate so it's not profitable for everyone (yet) but that might change if the crypto-markets continues to recover.
Well mining would not be as profitable as it used to be but you can still earn some decent amount of money and if the bull run takes us to another all time high then it would definitely be a good investment today. it's all speculations mate, do your own research and decide whether to venture into it or not because you would have mining farms to compete with in order to get rewards.
If most of the miners today dump mining, i believe mining can be profitable. But for now, mining is less than profitable. With PoS consensus coming to main stream, miners are encouraged to dump mining,
Depending on your location and what gpus your mining with. Mining would still be profitable if you have a low electric bill since this is a board for altcoins I can say that some coins are profitable based on the calculator on whattomine.com. I see about 110% profit rate for ethereum even if it was still on the bear market. Some gpus are also cost-effective meaning their running in full speed but consuming less energy at the same time.
Ofcourse because of price raising and bitcoin growing up (now it around 7000 of dollars) the mining can be again profitable but need to say that more effect reason of interest to mine BTC will be the halving which take place in around 1 year.
Are you talking about mining bitcoin or any specific altcoin? If it's bitcoin, I think you should give up because it requires huge hardware investment. Yoi can mine altcoin though.
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