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Is Mining Still Profitable?

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knggtrrz
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Re: Is Mining Still Profitable?

Post by knggtrrz » Thu Nov 01, 2018 1:21 pm

Better to mine new coins that old coins with high popularity now. Old coins difficulty is very high and it is hard to give you good profit from old coins.

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shinn1806
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Re: Is Mining Still Profitable?

Post by shinn1806 » Fri Nov 02, 2018 12:52 pm

For some person with high specs mining rig, yes, but for those people that cant afford to buy rigs then no. It all depends how harrwork the miner before they earn.

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Re: Is Mining Still Profitable?

Post by ace1105 » Fri Nov 02, 2018 2:25 pm

Mining is still profitable for few miners that are wiser in choosing what coins to mine. But if newbie will start to create their mining rigs I dont know if they can get their roi in a very short time.

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Re: Is Mining Still Profitable?

Post by drakula_7_7_ » Fri Nov 02, 2018 3:15 pm

If I had the equipment, I would mine bitcoin or other coins even with a minimum profit

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Re: Is Mining Still Profitable?

Post by cammie16 » Mon Nov 05, 2018 1:13 pm

drakula_7_7_ wrote:
Fri Nov 02, 2018 3:15 pm
If I had the equipment, I would mine bitcoin or other coins even with a minimum profit
Me too, when I was new in crypto world, I really want to do mining and want to mine a lot of new coins before, but when I search the minimum price to complete a mining rig then I backed out, guess it is really not for me.

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Re: Is Mining Still Profitable?

Post by zerticuz » Tue Nov 06, 2018 6:13 am

for me, mining in fast mine or low difficulty is the best strategy to get so go for low type of coin, but if u looking for high quality coins u really need to have high class of gpu hardware to earn high quality coins

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Re: Is Mining Still Profitable?

Post by W0lly » Tue Nov 06, 2018 11:08 am

if you want to mine BTC, then i would say no. If you want to mine, do new coins. or newer coins. That will be better. And hope that there value increase on the exchange.;

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Re: Is Mining Still Profitable?

Post by CrypterP » Tue Nov 06, 2018 7:55 pm

8th November bitmain will release new ASICs for BTC with 7nm chips.
If you can buy it from Bitman with official price, i think you should try do it.

If bitcoin price will grow, these acics profitability will grow also :geek:

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knggtrrz
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Re: Is Mining Still Profitable?

Post by knggtrrz » Wed Nov 07, 2018 8:19 am

If already have the rigs and other resources needed to mine then mining is still profitable but if we will strat from scratch then I think this is not profitable or will take long for the roi to get.

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Re: Is Mining Still Profitable?

Post by sheenie » Wed Nov 07, 2018 8:31 am

Mining profitability depends from electricity cost.
If you have low cost or free electricity its allways will be profitable.

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