Topic: Will mining be profitable again? - page 9. (Read 13101 times)

Of course, I think that mining is a way to get rich easily, the only thing is that you have to worry about the machines and to have the electricity service up to date, since to invest in new mining machines is also another way of go increasing the way in which ma is generated, but at the end, this investment is achieved with the same mining work.
Starting from $ 5k, the bitcoin mining business started to be very profitable, so $ 7k is much more attractive from the point of view of obtaining greater profitability.

Those who are miners know that the market can continue to rise due to the huge boom of the last few days, this increases the demand for bitcoin and its operations, generating in turn ever more masbitcoin due to mining.

In this area of ​​the market, the miner knows very well that at any moment the price can fall, these scenarios have been seen, studied and have generated the perfect plan to protect themselves from the volatility of the market in the mining business.

In fact it was speculating that a lot of bearish environment was due to the fact that the mineers have many accumulated bitcoins that do not sell, therefore, for the StrongHands it turns out to be a considerable percentage, which is taken into account for the volume of bitcoins that they usually use. accumulate. For this reason I think that the part of mining is very profitable and always will be, especially for those countries where electric service is very cheap, it is even better.

Am yet to know what is involved in mining but as I hear from friends who are miners, the business is a very profitable one. I do not know if there's a way prices affect mining but am thinking a surge up in price will give positive return when it comes to mining. Mwanwhile, you should ask this question on the mining section to get clearer answer.

I think that there is a sense of mine then when there really is a coin that you mine it is expensive.  In other cases, you'll just go to zero.  Due to the fact that electricity is very expensive.

Therefore, I say that today mining is developing on an industrial scale for the extraction of BTC. This is the main direction for mining, which will definitely bring money, all other options will not guarantee you that you can earn.

I also believe that mining is still profitable as long as we invest intelligently as you say, choose the exact location to invest and have the right tools for mining but these simple problems are always a difficult problem for everyone because the tool and the cost of mining are too expensive, the time to recover capital is always very long when the market situation seems to be too bad in recent years. If someone has experienced and invested in mining very early, they may continue but a newbie who wants to participate in this issue, I really do not encourage, too risky.

In order to get a good profit from mining, first of all, you need to have many powerful devices and constantly update their technical support, as the complexity of mining is constantly growing and more powerful devices are required if we speak for the top cryptocurrency, then it is not particularly profitable get good money.

Mining have never been an investment where you lose money i think.Being smart in mining is needed knowing what coin you should and should not mine is a big factor which some miners are doing.I know few miners who mines direct bitcoin and complains on how much power the waste and still no profit.Mining is always profitable

Mining was way out of it when the market was still bearish and we all know that miners needs a very good market for them to really make profit, now that the market is good again and in the bull run, I think this is the time that miners will really start entering the market and mining profitable coins.

it is not all mineable coins that are energy intensive, the most energy intensive of the is bitcoin, wherein with this Bull run, they will still be able to make more money now for good profit. Bounties and airdrops are good, but to get a reliable ones and profitable one is not a child’s play now.

For everyone? we don't have the same electricity charges so don't conclude that it's not profitable for everyone.

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In my country it's already known that electricity is quite high in charges but it's still profitable if you have a decent place and nice temporary to sustain your miners.

As the price continues to go up the fees for making transaction will as well go up with it ,and mining will get difficult as well. But it will still be profitable I believe, if you invest at the right place (I mean cloud mining) or if you're mining yourself then you will have to make use of the right tools.

The question is whether you will be able to cope with the expenses that comes with it, cause mining has never been an easy thing, even when the price is low and when the price is high, it is not easy.

It is true that we are too focused on market price growth, giving rise to the feeling of wanting to Altcoin mining because now there is a good opportunity to reap profits. I am also not an expert in this matter, but at least I know a little, just now maybe I still want to see the market growth to what extent, I hope this continues to increase.

Perhaps you are right, but after all, mining farms have become very labor-intensive in terms of electricity, because I have very often seen the statistics that people now have to pay big fiat money for electricity. Do you think the price will pay off?

I am sure yes as altcoins' values have increased now. I do remember my friend mined last year but he finally sold out the devices as you know the reason behind. Again the right time to begin minting hoping on the current market trend.

Mining is not difficult the way you sound it and it is because you have little knowledge on how it works.  Trading is also good but just that it is very risky and if you did not have the experience and knowledge about it you can lose all your investments.  I think if price is going up and we are still having the same rewards it is  very clear that we would have more profits from mining of both bitcoin and altcoins.

Because it is too focused on paying attention to the market until this is unthinkable. If market conditions continue to be good and increase continuously. People will do mining again, it seems, because at this moment a very good moment if you want to do mining. For me, of course I can't do mining because I'm not an expert in this field.

Use your capital to buy bitcoin and hold for long term or you can use it as trading place. Because at this time the cost to buy mining tool are very high, your capital will be back for a long time. Unless if you are a miner before you can continue it, you can hold your reward for a long term until the price bitcoin come back to high again. A miner has a very important function because if there is no miner maybe the transaction will never be processed cause that is miner's work. Seems like this thread is not belong here, you can move it to the right section i.e mining.

If this continues to increase again, it is likely that the miner will return to the track. Because many have stopped because the crypto market conditions that were previously very low. But now the price of bitcoin reaches $ 7900, of course, it is very likely that miners will return to their activities as before.

Mining has long begun to be in demand again. I say this because the ads on Ebay and Amazon have much less graphic cards and other equipment used in mining. This means that people began to buy it more actively for mining.
It also speaks about the revival of the cryptocurrency market, which will further lead to its large growth.

At the moment I see if bitcoin has increased again and indeed, in terms of electricity and good income, it is not impossible that later there will be a lot of mining going back. the main key is the price of bitcoin that has increased to be able to make mining a lot back

Its profitable for the big mining farms but the people who have their own mining rigs may not get profits when the price reached bottom but now they might having good old days of 2017.