Mining is less profitable if you are comparing with last year. But we still have a chance to do other activities such as doing bounties. Although we doesn’t get paid higher but it is better than doing nothing when we have extra time.
at this moment there are much miners prefer to stop their operation.although we have less profits with current condition , atleast we have more opportunity to get higher hash rate to collect bitcoin more than before.maybe we spend cost operational and hold our mining reward till its price go back ath will be better. 
Topic: Will mining be profitable again? - page 3. (Read 13141 times)
I think the advantage of miners when they have adequate equipment and what I know if available is mining is still profitable. but if we look at the current market situation that has not improved it can affect profits in mining.
Mining is less profitable if you are comparing with last year. But we still have a chance to do other activities such as doing bounties. Although we doesn’t get paid higher but it is better than doing nothing when we have extra time.
I know that the number of mining workers has decreased this year. We can understand that from difficulty. New cards and devices are shut down to prevent damage from falling out of prices...
It is pretty hard to get a decent income from mining since the numbers of mining business increase but the price remains at low, and not wonder why some will drop down and collapse. Mining business needs a stable market demand, transactions to process and coins to mine but during the bear season, mostly everyone is at hold and so there is nothing to mine. Hope as the market goes back, it helps mining institution build back their profit and continue their job.
I know that the number of mining workers has decreased this year. We can understand that from difficulty. New cards and devices are shut down to prevent damage from falling out of prices...
As the Bitcoin price has grown enough and also the volatility increases so this time mining could be profitable. But you have to install your highly sophisticated equipment which lead to less power consumption. Only this way you could get enough profit from your mining with less time. Also, another way I would like to suggest you that install solar power necessary for the mining so that you could get the free energy. But, in less time you also get recovery of your solar cost.
As you kow the cost of Bitcoin mining is almost $5000 per Bitcoin and price is almost $8000 so Bitcoin mining is profitable now.
Mining profits partially depend on price of coins, so when price goes up and if difficulty level remains stable & nearly unchanged, we might say mining profits will become bigger when Bitcoin rises, when altcoins rise. However, in general, it this good because it positively support potential rises of mining profit.
Do you know the cost of mining a Bitcoin is more than $4500 in the US? There is tremendous cost of electricity involved and you have to have some good number of hardware as well. You have to spend time and due to these reasons, very few Bitcoins have been mined since 2017 I think. So I believe the alternatives available are way more lucrative than this option.Yes, you are right and it is not an easy job to mine the coin very fastly and it is completely based on mining hardware requirement. Yes, we need to spend a lot of money to mine the coins and for maturity, it will take more than 3 months if you have proper mining equipment.
Mining cryptocurrency has now become more profitable than it was. I'm starting to notice that makes have stopped selling their graphics cards. Miners realized that nothing is finished.
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?
I think this is not the right time for mining i believe there is no profit from mining as of now the equipment for mining was so expensive and the electricity bill was so high also, maybe when bitcoin reach into $10000 we should go on mining.
This is a good explanation why most of bitcoin mining farms, and biggest ones concentrates in China, in which mining farms can take advantage of very cheap electricity cost. Generally, mining is not good for the planet in environmental side, so in the future, new generations of crypto currencies will not stick with Proof-of-Work, but purely Proof-of-Stake and Masternodes is not a solution too. The reason is purely PoS/ MN coins totally premined, and this is very good space for scammers. The solution might be a hybrid one, like Ethereum aims at, PoW first, then switch gradually to PoS/ MN phase.
Do you know the cost of mining a Bitcoin is more than $4500 in the US? There is tremendous cost of electricity involved and you have to have some good number of hardware as well. You have to spend time and due to these reasons, very few Bitcoins have been mined since 2017 I think. So I believe the alternatives available are way more lucrative than this option.
Mining profits partially depend on price of coins, so when price goes up and if difficulty level remains stable & nearly unchanged, we might say mining profits will become bigger when Bitcoin rises, when altcoins rise. However, in general, it this good because it positively support potential rises of mining profit.
Do you know the cost of mining a Bitcoin is more than $4500 in the US? There is tremendous cost of electricity involved and you have to have some good number of hardware as well. You have to spend time and due to these reasons, very few Bitcoins have been mined since 2017 I think. So I believe the alternatives available are way more lucrative than this option.
I think it is still not clear if mining will be profitable again as i said before mining will be more profitable if the price of the electricity in your country is cheap
the logic is that before bitcoin has a high price even far below the price that there are now people who are mining and they make a profit by what they do especially with the current price far in comparison with the previous years, mining is certainly the way good for profit from bitcoin
Well i agree on that, i see that the mining is now profitable due to the continuous price growth pf the bitcoin. Crypto mining is always depends on thr bitcoin status, because bitcoin is thr most profitable coin and it is the first crypto coin in crypto that is why everyone really depend on it specially in mining, if the bitcoin continue to rise mining will really become profitable again. 
the logic is that before bitcoin has a high price even far below the price that there are now people who are mining and they make a profit by what they do especially with the current price far in comparison with the previous years, mining is certainly the way good for profit from bitcoin
The advantage of mining bitcoin is very good, from the previous price of under $ 7000. If you have mined last year and hold bitcoin, then you can wait when the price is above $ 8000. Of course, you will get profit from mining but you have to calculate the expenses that you use to mine bitcoin.
As far as I know the costs are big but there are some who still do it, so that it can be said that mining is still profitable, there is also the possibility that they are still doing it not because they want to take their profits or profits now but maybe they intentionally do it to add their bitcoin assets, I'm sure many people are aware of the potential of bitcoin especially because the longer bitcoin is getting more popular and that will make bitcoin more likely to be able to return to high prices and maybe even surpass it 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?
Since from the bear market start miners is one of the most affected, nowadays nothing doubts mining is back into the games to get profits after suffering more than a year.
gotcha, thank you very much guys! I will contact them to discuss the possibility of small discount and shipping terms to Chicago, @teramoon
I wanna continue mining on my own using new equipment, professional one. There is no need to hesitate now. The sooner the better I suppose
GL, hope you like it I wanna continue mining on my own using new equipment, professional one. There is no need to hesitate now. The sooner the better I suppose
For me i should not go on mining the bitcoin price still low i am not convincing that i am gonna earn in mining because the expenses of the equipment was so high and also the electricity being use if get into mining maybe i should wait a little more if bitcoin rising up more of price.
Mining should be profitable or else the chain won't sustain. If mining is not profitable then most miners will stop their machines, so there will be zero transaction confirmation forever. Another aspect here is the price will go high to keep things up. Don't be afraid of Bitcoin mining, but stop mining any shitcoin.
Jump to: