:!: ADVERTISE on AIRDROPTALKFORUM :!: Click here to view available advertising packages app.php/advertising
:!: [AD13] GPTCash Airdrop Task :!: viewtopic.php?f=45&t=2903
:!: AIRDROP UPDATE :!: [AD14] VALIDATION STARTED - DISTRIBUTION WILL FOLLOW THE NEXT DAY

Is Mining Still Profitable?

Post Reply
User avatar
blueoreo17
Jr Member
Posts: 55
Joined: Wed Oct 17, 2018 6:28 am
GPTCash Address: GMwjL39akzAspUAWynGWLAqMZFpyHwEaP3
Has thanked: 3 times
Been thanked: 4 times

Is Mining Still Profitable?

Post by blueoreo17 » Wed Oct 24, 2018 12:40 pm

Hey everyone, with the current price of mining devices and rigs do you think mining is still profitable now? Look at the price of the market, if invested in mining rigs can we able to return back all our investments?

User avatar
knggtrrz
Jr Member
Posts: 59
Joined: Tue Oct 23, 2018 3:36 pm
GPTCash Address: GcD6MShdXEiMu7jDFo9Fvbusn8MRm1xAT5

Re: Is Mining Still Profitable?

Post by knggtrrz » Wed Oct 24, 2018 12:48 pm

For a kind of person like me that doesnt have more funds to buy my own rigs, I think I will pass on it and just make some trading and investments.

User avatar
renjfx
100% Holders
Posts: 243
Joined: Thu Oct 18, 2018 12:43 am
GPTCash Address: GZ4TrPnTrf4VXfLywTocCyPfMjrMcvoBDh
Has thanked: 3 times
Been thanked: 4 times
Contact:

Re: Is Mining Still Profitable?

Post by renjfx » Wed Oct 24, 2018 1:47 pm

spec mining on new low cap coins, yes. not personally mining but some people i know.

User avatar
yazzid
Member
Posts: 117
Joined: Thu Oct 18, 2018 2:18 pm
GPTCash Address: GUHALhCMCwHBrsjyrGNoUrt6G3L4jfVGBK
Referrals: 1
Contact:

Re: Is Mining Still Profitable?

Post by yazzid » Wed Oct 24, 2018 8:34 pm

Yes it is profitable is you do it the right way. You’ll need to build a mining rig with high powerful resources to make some amazing profits.
GUHALhCMCwHBrsjyrGNoUrt6G3L4jfVGBK

User avatar
chulos
100% Holders
Posts: 178
Joined: Tue Oct 23, 2018 3:24 pm
GPTCash Address: GPgkW5JiLiMr2LhsXZeqUsSMAZq6yBHd8w
Been thanked: 1 time
Contact:

Re: Is Mining Still Profitable?

Post by chulos » Wed Oct 24, 2018 10:51 pm

Currently mining through gpu is outdated. Only if you start a coin that has just begun and is not yet in exchange - with little difficulty. E.g. in the beginnings of the X-cash coin.

User avatar
ehrz
Jr Member
Posts: 55
Joined: Wed Oct 17, 2018 1:19 pm
GPTCash Address: GXQKWCazUvCu3nT3HXkSfzPCTExawpa9U8
Been thanked: 5 times

Re: Is Mining Still Profitable?

Post by ehrz » Thu Oct 25, 2018 8:50 am

For I think mining is not profitable, other says if you will mine a new coin then yes, but are we sure about the new coins? So I think i will not choose mining.

User avatar
HashReaver
Moderator
Posts: 154
Joined: Wed Oct 17, 2018 11:34 am
GPTCash Address: GJvLaxJS7dAQqTKELo4Uuad71bPuL9Yxth
Referrals: 1
Has thanked: 5 times
Been thanked: 3 times
Contact:

Re: Is Mining Still Profitable?

Post by HashReaver » Thu Oct 25, 2018 9:36 am

For years I mined and made no profit probably at a loss tbh, but it resulted in me making insane profits last year.
I started almost 5 years ago with my desktop and with the exception of paying for electricity everything I use for mining has been paid for with btc its taken a while but I've gone from an old desktop to 2 5 card nvidia gpu mines, 10 MLD's and an 5 card amd mine that I'm putting together atm for cryptonight coins.

I'm currently mining at cost of electricity, people ask me why I bother mining still and its mainly because its become a hobby one that I dont think I could live without. Also even if its not profitable at the time you dont know what will happen in the future.

from my experience so far GPU rigs are a far better investment than ASIC', POS mines are the way to go if you dont want to buy lots of hardware but you're limited to minting what your holding.

User avatar
ptcntt
Member
Posts: 61
Joined: Sat Oct 20, 2018 1:25 pm
GPTCash Address: GXcbngp3ePZfjzHtXoMfvNr4K2pqZGPcKp

Re: Is Mining Still Profitable?

Post by ptcntt » Thu Oct 25, 2018 3:42 pm

If you have money to buy equipment, I think it is still profitable. It is important to invest properly.

User avatar
ThanosMel
Member
Posts: 112
Joined: Sun Oct 21, 2018 6:05 am
GPTCash Address: GWiqAVE7mLN3Am6x1WqhBXgSieGzMmruwc
Has thanked: 3 times
Been thanked: 5 times
Contact:

Re: Is Mining Still Profitable?

Post by ThanosMel » Thu Oct 25, 2018 11:21 pm

If You have free electricity is still profitable.
And also if You are doing spec mining is very profitable.

User avatar
Vice
Jr Member
Posts: 58
Joined: Fri Oct 26, 2018 3:46 am
GPTCash Address: GPbKhevGi1jqw1aAELT4bZUcY5k2XujVh4
Contact:

Re: Is Mining Still Profitable?

Post by Vice » Fri Oct 26, 2018 4:56 am

The cos of electricity for mining is massive and this would affect miners as the current price of minning is high in relation to the price of cryptocurrency because the market is down. So as of now minning may not be as profitable as past year.

Post Reply