Check out the hashrate chart at https://www.blockchain.com/en/charts/hash-rate
Hashrate has a positive correlation with price. Soon as BTC shoots up, hashrate goes with it.
The only way to make money in mining is to have enough cash flow to hold the BTC until it gains dollar value.
Mining is not immediately profitable as soon as the coins are received, per market competition. So something like coinwarz calculator does not work for BTC really.
But if you got cash to keep the mining going and store the BTC, then the future dollar gains might make it profitable.
Topic: Will mining be profitable again? - page 14. (Read 13127 times)
It will eventually but it doesn't make any sense to wait for it. When mining becomes very profitable that usually means the time has come for you to sell your coins. It doesn't and won't last for long because when it becomes profitable every ASIC manufacturer will spawn thousands of new miners from their factory. Same with the GPU mining. Every gamer and his grandpa will be mining the shit out of crypto so it'll become unprofitable very quickly.
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.
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.
Of course it is profitable. Otherwise, no one would be mining it. It is pure economics. Even when bitcoin was about $3,000 or so, the network was as strong as ever, meaning that people were mining it all the same. Miners cannot afford to speculate and calculate profits that may or may not come some time in the future. They have recurring expenses which need to be settled month after month. Now, there might be nuances, depending of the size of the mining equipment one possesses, but in general, yes bitcoin mining is profitable.
Since this is an altcoin board, even altcoin mining can be profitable, depending on the equipment you own (and electricity bills in one's country) . Granted, it is not as profitable as it used to be, but I know altcoin miners who are still making profit with the current altcoin prices.
Since this is an altcoin board, even altcoin mining can be profitable, depending on the equipment you own (and electricity bills in one's country) . Granted, it is not as profitable as it used to be, but I know altcoin miners who are still making profit with the current altcoin prices.
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 you mean Bitcoin mining, no I don't think so, it is still not profitable, but if you mean altcoin mining, yes just pick the right coin to mine I'm mining Banano and Veil and JSECOIN these coins are easy to mine and with good profit if Bitcoin hit $10000 above. 
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?
You mean Bitcoin mining? I would say no, still no for personal miners. You need a huge amount funds to start. If not, you won't find any blocks to solve and leave you with a big electricity bills. Well, price doesn't really affect big miners income too much (in my opinion) but miners is a party that will encourage Bitcoin to increase in price. 
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?
When you have the right mining equipments then for sure you will get profits from mining.Bitcoin mining will be better profitable than how much it was in earlier this year but it is better to mine altcoins then convert it into bitcoins which is good for the low hash rates miners. 
It is still profitable otherwise no-one would mine.
But if you talk about profits back then, no it will not be like the same. Because more and more people trying to earn money with mining and that is causing less profits.
But if you talk about profits back then, no it will not be like the same. Because more and more people trying to earn money with mining and that is causing less profits.
I think mining is still profitable but it is always give a small profit,lower that past few months and year because the price of bitcoin is high so they can only mine only small amout of bitcoin. For me it is good to do other bitcoin activity like trading and bounty because we can get more income coming from this activity compare to mining.
in your post you are talking about bitcoin but you posted it in altcoin board so do you mean bitcoin mining or altcoin mining? because it is unclear!
bitcoin mining has always been profitable, that is why it has the highest hashrate which is so huge that nobody can 51% attack it without spending millions of dollars. and it will remain profitable no matter what the price is because of the well design mining algorithm that adjusts the difficulty of mining based on the hashrate.
bitcoin mining has always been profitable, that is why it has the highest hashrate which is so huge that nobody can 51% attack it without spending millions of dollars. and it will remain profitable no matter what the price is because of the well design mining algorithm that adjusts the difficulty of mining based on the hashrate.
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?
Jump to: