Will mining be profitable again? - page 5.

mamahdedeh

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Quote from: joseyphil82 on May 13, 2019, 02:50:13 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 requires huge capital and resource costs so I think we should be careful in calculating this capital. Not only financial capital that we spend but also the time, energy, and thoughts that we spend. Non-financial capitals must also be appreciated so that we can calculate capital as a whole. If now we are mining then the benefits we get are still very tight. Although it remains profitable but this profit is not large enough. If we want to get even greater profits, we can only hope that the price of the coins we mine will increase. For example, bitcoin, I hope the price of bitcoin can be twice the current price so that if you do mining you can get a big profit.

rijaljun

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Quote from: jan.nicolas on May 21, 2019, 03:14:46 PM

I support the view that the mining of large projects on a small scale is really not profitable. Today it is more profitable to speculate mining of small projects. Here chances really grow very quickly.

If you can support small project, then it's good for you. Just remember, it's not that easy as everything is already exist. It's not about "first of its kind" but about "best of its kind". Yeah, it's time for competition!

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Quote from: joseyphil82 on May 13, 2019, 02:50:13 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?

I noticed that the largest manufacturers of mining equipment again began to receive orders more than they can produce equipment. This means, first of all, that mining has again started to bring good profits and those who want to make money rushed to buy all the available mining equipment. If the price of Bitcoin grows further, it will reduce the payback time of the equipment.

karankamaze

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Quote from: 94K on May 21, 2019, 04:47:54 PM

Those who have done mining before will tell you that mining was profitable except when the market was down for sometime now changed everything. I believe when the market recovers, mining will bounce back

but beforehand you have to really think about the costs of mining itself because there are many countries with expensive electricity costs and may include the country where you live.
so you have to think about it first before deciding to do mining.

94K

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Those who have done mining before will tell you that mining was profitable except when the market was down for sometime now changed everything. I believe when the market recovers, mining will bounce back

ljane

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Yes I believe that mining will be profitable again especially this time where the crypto market is recovering and prices are pumping. I believe people have done mining for sometime now and will come back again to it due to the current state of the crypto market now. Things are getting better.

qomariah95

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I think people who have done mining before will start doing it again. Because they have seen the cryptocurrency market that has begun to recover. If this continues, of course the people who do the mining will come back again. Because it's impossible to mine if the crypto market is low.

Impaler

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Mining nwad much more profitable btnhan now at a time. But after bear market came mining is not that much profitable. If you are a home miner or mine with a medium setup then it was a hard time for those people, to continue. Mining bdeoends on many factors and the main problem of home mining is electricity. The cost of electricity isnhigh for home connection. And if the coin price is not that much high then it will be just a lose of money. But the market is recovering day by day. And again mining is going to be profitable. And it's also depends on which coin you are mining. So if you want to make a mining setup. Do some math and then go for it.

jak3

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mining is already profitable. but its just bit harder right now. people have to invest a lot of money if they are going to make some more. it's like investing in a company it's just that the machine is more trustworthy than a company and it is also paying a lot more than a company would pay. I don't think right now a normal person will even think about mining as big miners are scratching the network. your best bet is not to mine altcoins and wish that it will someday get a lot of price like bitcoin did.

panjay

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Mining will always a profitable one, I'm talking about a spec mining who you mine a specialized type of coins that's like "do or die" situation, so much risk in it as the great "varys" said: the greater the risk, the greater the rewards.

Find a coin/token who not appealing enough for a now but have a promising quality, dev, community etc.

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Quote from: joseyphil82 on May 13, 2019, 02:50:13 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 you have the previous setup for mining cryptocurrency is it is always profitable but the profit was little bit low in this situation because the value is not expected as good as the previous time but if you want to do it as a fresher I don't recommend it because there money that you need to invest in it is really more higher.

Landak

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mining bitcoin for now? I think, not too profitable especially next year there will be a halving of Bitcoin. try to mining one of the existing altcoins, it seems more profitable.

jan.nicolas

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Quote from: rijaljun on May 21, 2019, 02:53:46 AM

Mining won't be profitable anymore, never. It is because most people only care and interested on popular coins. Imagine how hard they are, the first crypto adopters to build a successful coin. If people support a small or unpopular coins, they might have a lot of profit once the coin become successful.

Big respect for early Bitcoin, Ethereum, and other cryptocurrency adopters!

I support the view that the mining of large projects on a small scale is really not profitable. Today it is more profitable to speculate mining of small projects. Here chances really grow very quickly.

max6575

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with more of support as preparing use of tools and application that worker to put of decision as expending resource to gains with benefit on jobs with the mining and collects of returns on finish of terms with the project plan.

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Mining as for me it is always profitable if you have free electricity. In other cases, it is very problematic. And not everyone can do it.

el kaka22

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I think there is always profit in mining but it all depends on what you want to mine, there are different stuff and different calculations that you can use to mine and not all work the same. Right now, "most" of the miners make a loss or not use their systems and the small scale that use it only use it on weird obscure coins that still profit them.

Of course, eventually that will be profitable yet again and everyone will start to mine again which will make difficulty go up again and it will make people stop again and this will continue in a forever spiral. There is no way mining could be profitable all the time, if something is profitable then everyone will do it and since there is difficulty in mining the moment people join the difficulty makes sure they do not profit as much.

thd26bct

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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.

daporivera

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Majority of people get involved with cryptocurrency are concerned about accumulating only bitcoin in their wallet, i wouldn't blame them actually because that is a clear sign they only want to make some quick money. Mining will always pay off on the long run as to the minority who have in-depth knowledge about cryptocurrency they know, it is not about just bitcoin alone. few years from now when other alt coins have good market prices, they will wish they didn't focus on only bitcoin.

97percent

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I do not do mining so it does not know about its development. But if you look at Bitcoin's price growth now, all the crypto markets should have increased. Includes mining that should have improved. Mining should be able to provide benefits to miners.

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Quote from: 2Kool4Skewl on May 20, 2019, 11:56:30 AM

I think that yes, mining will be in trend again and video cards will be more expensive again. But as for me, I would not do it. Once I already burned no longer want.

Mining will be beneficial if you invest a lot of money in the equipment, but it will pay off for a very long time. And since the cryptocurrency is very volatile, this time can only increase.

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