Is Mining Still Profitable?

Moderator: Moderator

User avatar
Jolithune
Member
Posts: 106
Joined: Wed Oct 17, 2018 3:10 pm
GPTCash Address: GXGSvKGQvTNG8a83AsEoXnQkNYcAMhujXu
Referrals: 2
Has thanked: 7 times
Re: Is Mining Still Profitable?

Post by Jolithune » Wed Feb 06, 2019 6:34 am

My computer is not enough strong to do mining :(

User avatar
ThanosMel
Member
Posts: 111
Joined: Sun Oct 21, 2018 4:05 am
GPTCash Address: GWiqAVE7mLN3Am6x1WqhBXgSieGzMmruwc
Has thanked: 3 times
Been thanked: 5 times
Contact:
Re: Is Mining Still Profitable?

Post by ThanosMel » Wed Feb 06, 2019 3:06 pm

Jolithune wrote:
Wed Feb 06, 2019 6:34 am
My computer is not enough strong to do mining :(
It's not worth to mining on your PC mate. You will destroy your pc and you cant work on other things, you need a mining rig to mine.

User avatar
DDCrypto
Member
Posts: 111
Joined: Thu Oct 25, 2018 8:33 pm
GPTCash Address: GdqxLDJXAnp1UWXVYhC5TdPgAV53mvjTia
Contact:
Re: Is Mining Still Profitable?

Post by DDCrypto » Wed Feb 06, 2019 4:04 pm

Personally I think that the mining can still be profitable in some countries even with a bear market if your electricity is very cheap and you have dedicated hardware otherwise better go your way because with a simple pc the task becomes really hard. From what I could read on the internet in a country like Venezuela, with the lowest electricity rate in the world ($ 0.002 per kWh), you could theoretically extract 1 bitcoin for less than $ 600

User avatar
clipman77
Member
Posts: 153
Joined: Fri Oct 26, 2018 12:26 pm
GPTCash Address: GW17GqitukLwmRhy26ZCtbCjSvUUdsaWJS
Been thanked: 3 times
Contact:
Re: Is Mining Still Profitable?

Post by clipman77 » Fri Feb 08, 2019 5:54 pm

It is better to spend money on the purchase of cryptocurrency that are going to mine, it will be a more profitable investment in the future.

User avatar
Jolithune
Member
Posts: 106
Joined: Wed Oct 17, 2018 3:10 pm
GPTCash Address: GXGSvKGQvTNG8a83AsEoXnQkNYcAMhujXu
Referrals: 2
Has thanked: 7 times
Re: Is Mining Still Profitable?

Post by Jolithune » Tue Feb 12, 2019 4:18 pm

ThanosMel wrote:
Wed Feb 06, 2019 3:06 pm
Jolithune wrote:
Wed Feb 06, 2019 6:34 am
My computer is not enough strong to do mining :(
It's not worth to mining on your PC mate. You will destroy your pc and you cant work on other things, you need a mining rig to mine.
ok good to know that ! thank you very much for your answer
I never really know when is it too much for the processor or not !

User avatar
W0lly
Member
Posts: 121
Joined: Thu Oct 25, 2018 8:22 pm
GPTCash Address: GN3omjFPFSbTwJpxiLmJKqXCMGBAEwc3kU
Has thanked: 4 times
Been thanked: 1 time
Re: Is Mining Still Profitable?

Post by W0lly » Wed Feb 13, 2019 12:10 pm

Jolithune wrote:
Tue Feb 12, 2019 4:18 pm
ThanosMel wrote:
Wed Feb 06, 2019 3:06 pm
Jolithune wrote:
Wed Feb 06, 2019 6:34 am
My computer is not enough strong to do mining :(
It's not worth to mining on your PC mate. You will destroy your pc and you cant work on other things, you need a mining rig to mine.
ok good to know that ! thank you very much for your answer
I never really know when is it too much for the processor or not !
Well mostly the cpu miners are using around 70% of the cpu, so you still can use your pc.
The GPU miner is using a little more of the hardware, but also not that much so you still can use your pc.
But then again, you need allready a pretty good pc with alot of L3 cache on the cpu if you want to do cpu mining. And allready a good GFX card if you want to do GPU mining.
If you use a notebook, i would say don't do it.
If its a normal pc you always can try it. But it is not that it earns that good ;)

User avatar
Trypto
Member
Posts: 156
Joined: Wed Oct 17, 2018 10:58 pm
GPTCash Address: Gfv5VSaBgDi5jQFzBPK5f5ETXFEv7BGUsC
Has thanked: 23 times
Been thanked: 6 times
Re: Is Mining Still Profitable?

Post by Trypto » Thu Feb 14, 2019 2:35 am

Some have been mining since especially if you have a good weather and a fairly low electricity consumption which is available in some countries, then you are on a good path to mining. Choose your coins to be mine wisely. If you're gonna hodl them, in btc's case, much better.

User avatar
t3ChNo
Member
Posts: 195
Joined: Mon Oct 15, 2018 11:10 pm
GPTCash Address: GP5NRUjpcYXJVnBCxNwPGwjgmxxTw7GHsJ
Been thanked: 1 time
Re: Is Mining Still Profitable?

Post by t3ChNo » Thu Feb 14, 2019 4:30 am

Trading would still be the best option unless you know the most profitable coins. With the current market, a lot of miners had shut down their rigs.


Post Reply