Is mining still profitable in 2019???

[Pearls Before Swine 815]

Not for the newcomer to mining, and usually not if you're mining solo.  There are people who bought all their mining gear years ago, and some who even use solar power to mine, and those people are really the only ones who have made back their investment.  If you try to break into mining now, forget about it.  It just isn't profitable anymore, especially not with another halving coming up.

[Delgboke 2480]

I have not really check how efficient crypto mining is in 2019 because I did not found crypto mining interesting since I joined crypto industry I haven't did any crypto mining accept the one I have started mining bitcoin with, maybe you can also check for yourself on the sites here, 

 https://collect24.cloud/mining 

[Lubruselu 2803]

On 12/25/2019 at 6:29 AM, Albert said:

Yes I am agree with your comments and I think most people use bitcoin mining but it is not profitable so I don't like this

But people still need to mine bitcoins even IG it is not profitable because they mine them to keep in order for the future they will give them the big profit and recover all losses

[hassanmnr 114]

100% agree with this, with current prices, its just make not much sense to build new rigs right now, and i dont think in the close future its ever going to be worth it to build new GPU rigs , as asic, fpga miners are taking over on mining.
 

[Naga 1250]

On 12/24/2019 at 4:40 PM, Jackmil said:

Mining is no longer profitable in 2019. I think mining is no longer good and will not produce. You will be out a lot of costs for mining.

who said its no longer profitable? i know a few people around here who still make good money from mining but making money off mining depends on where you live and how much electricity cost there.

[Fatihgani12 348]

Well, I heard many who commented that in 1920 many were profitable in mining coins like XMR all depend on Algorithm.

[Callanta787 0]

On 12/16/2019 at 9:11 AM, Zentoly said:

But I think now a days mining bitcoin or Ethereum is profitable just in those countries which the price of electricity is cheap.

Yes you are right but it depends on which country you are in, can you leave your country to another just because electricity fee is not fair? Better to find another alternative like Prove of Stake coins and you won't have to worry about electricity 

[Afikur1 11]

Yes bitcoin mining is still profitable.Bitcoin  mining is an extremely dynamic industry with its constant updates to hardware, software, pools, price, difficulty, and profitability, making it harder to calculate your returns and always make money mining. ASIC miners have quickly advanced and upgraded, impacting how much ASICs make and therefore how long it would take you to mine a full Bitcoin.

[Luciferludz 1442]

On 11/9/2019 at 5:21 PM, Abdullahi said:

If is not profitable since from last year till date which means that people are getting tired of it because of low income.

The bitcoin miners are got low income because of the bitcoin price while its going up so the blockchain transaction fees also is decreased that's why miners got low payout rate

[Amir Vao 341]

In the crypto sector there are many ways where you can earn. Mining is one of the best sector where you don't need any experience of it. But you have to select which coin you want to mine. Because every coin has a value. So select a coin where you can generate more.

[AlexGreyCryptoman 73]

I think that this sector of the market has just begun to develop, and it will make itself felt. Many people are afraid of the unknown, but if you understand and understand the economic essence of the issue, everything seems not so scary. In addition, the demand for cryptocurrency is growing, and along with demand, prices are rising.

[scorpiali 5626]

21 hours ago, Goodcoin said:

Mining is not profitable Lil before and not that profitable 2019. Its profile will also reduce in 2020 by half.

Agree with you the mining is reduced by half and more in this year because of difeculty of mining bitcoin that's why people mine other Coins like monero etn and other because it's still profitable

[tienda 8776]

Good on this topic talk about if is till profitable mining on 2019, so right now we need to participate and share our experience about this new year 2020, we forget the lest year 2019 is the past.

[NordisLofer 77]

Mining is still profitable, especially if you have a large budget, since you have to invest a lot in the purchase of video cards.

[mrking049 260]

Mining is not really profitable again. Not good for beginners again like one time . I stopped mining because the market is very low . I will not use mining

[CryptoLover21 0]

Bitcoin mining rewards’s next halving event is in May 2020. ... It’s increasingly elusive for small scale and solo mining operations to sustain profits. Bitcoin’s mining rewards halving, which is expected to occur in May 2020, has long monopolized discussions about the digital currency , so i think it is more difficult to mine btc and so profite may be so low 

[geezer 7582]

It seems risky to mine now and especially expand mining capacities. But it is good to get more coins now than in future, when a new wave of mining hype will happen if the markets will be bullish.

[NordisLofer 77]

Mining is useful, I think now, if you have good knowledge of equipment and coins, which is good these days.

[Fattkidd 1852]

To earn in mining you need to have a huge fund of money because mining in a small fund is not profitable because your just wasting electricity and many more its more suitable to mine with big fund rather than small funding.

[Maaz sultan 265]

Yes mining is a profitable business because many companies can pay you alot money using your hardware but for mining you need lo cost electricity in these the solar energy is very useful for mining is is free .

[Armcannon 858]

On my opinion these days it is better to just hold your cryptocurrency on your wallet.cloudmining is not a good idea anymore.investing on it might just lose some amount of your capital.i already worked on 3 cloudmining sites before and don't even get my ROI.

[scorpiali 5626]

2 hours ago, fila said:

If just starting to mine now you really have to educate yourself on what to mine as sometimes there are some startup coins that are minable with profits when they first launch but it will anyway take a while for those to ,ale profit. Remember the electricty costs and all else associated with this.

Yes you need to learn witch coin you want to mine thene you can go ahead, but in general mining it's not really profitable right now you need to have your own mining machine and it's cost you more that you can get plus electricity 

[guatazoo 7150]

On 12/16/2019 at 5:22 PM, polopat said:

No its not profitable because you spend so much time for nothing. 

Seems like you never mined before, mining is profitable, very profitable just not in every country and not for new miners, new miners will have to spend at least 1 to 2 years getting their RIO.

[Sunny kumar 41]

It depends. Mining can be both profitable and non profitable depending upon your machinery and how good you mine coins . Theese mining gives very harsh damage to machineries . Keep this in mind.

[Man 741]

I got information from a channel on the telegram that said who said mining was unprofitable. There are still people who are doing mining and it really is still profitable. But it all depends on what kind of mining.