Is mining still profitable?

[NOBADY 37]

Since the beginning of civilization, people have used stone, ceramics and, later, metals found close to the Earth's surface. These were used to make early tools and weapons; for example

[melikf78 987]

it depends to a lot of things like where you live and how much is electricity price because you need electricity power for mining also it depends on your mining coin and pool i think if you make a right decision mining is still profitable.

[Sams1020 6]

We can make free money from mining mining We can earn free cryptocurrency in mining. It is a very good source of income. So digging is more profitable.

[Efs 164]

Unfortunately, the old gold days in mining are now over. The difficulty is very high and you have to have a lot of hash power to make a profit.Individual mining briefly died.

[magd 5231]

Yes, mining is still profitable, but it is the most profitable way for currencies, but the problem has become in the choice of currencies. There are a lot of currencies and mining-specific applications for each currency and several important things that must be considered, such as choosing new currencies that give good production.

[Brand1 1336]

I think mining will always remain profitable, and to get this profit you need a very large energy source in addition to powerful mining equipment

[scorpiali 5626]

On 2/18/2020 at 7:16 AM, Sajib Chakroborty said:

I don't like crypto mining because I think it is a very time consuming earning way besides that we need expensive hardwares and a lot of electricity for mining cryptocurrency.

It's really cost you to much to mine now because of difficulty to mine any coins specially bitcoin but still some mining way work like a pool it's little bit different 

[Grease Lightning 169]

On 3/5/2020 at 4:10 PM, Priya1927 said:

Mining still remains profitable as it is necessary for most projects to confirm new blocks and network transactions.. you have a good hardware with a high hash, it still profitable. but if you have a low hash, you will earn a little profit. 

I tried to mine electroneum and stopped because of low amount of coins it will mine. Mining is not a work just we need to leave the system aside.. contribute in mining instruments and grow them, 

ETN is not mining. What we are talking about here is mining using mining equipment. For some people, mining is still very profitable and others are profitable. Profit or not depends on how you manage coins from your mining results.

[Fedor00 74]

I think mining is still probitable but not as profitable as it was in the past. Because now only big companies are mining bitcoins since it requires the best and most powerful equipment 

[ouflhastuc 2]

I'm attending to clarify on the Yobit site, it's genuine in a time past come on Yobit offers you a awesome opportunity to win and the exchanging was great but presently after a small lower development I think he'll come back to his position as pioneer.

[Ashikhasan87 12]

Many hobbyist miners will fight to make a profit as the value of coins goes down. Now follow this one here as the markets have fallen big time.

[MrGeany 297]

yes mining is still very profitable so just don't worry about coins price cause they don't trade everyday and don't make profit from everyday trading they just collect coins and when price goes up they start selling it and that is when they make profit.

[Ayush Singh 1175]

There are different situations and strategies of the various users it depends upon them mining is still profitable or not but for me I think no mining is not profitable because there are no such well stablished mining sites which gives you a good mining coin as it takes too much of time and also it is very much uncertain.

[championboy 8]

I think individuals despite everything do mining since it is the best way to get bitcoin however does mining still gainful? Yet, there are numerous costs you have to do before mining.

[Calvinpriva 17296]

Yes dear, mining is steal profitable but it depends with your capital. You will earn bigger amount in profit if you have invest large capital. But you have to be careful to investigate each mining site before investing there, because many of them are fake.

[bitcoinb 1359]

On 11/2/2019 at 10:48 PM, yosef.zakkor92 said:

profitable or not that highly depend on the electricity cost in the country that u live 

This is a relevant comment, electricity cos is one of the most important factor for somebody that have a mining activity. Electricity is expensive in my country but with good hardwares and knowledge, we can be profitable even with the actual market prices.

Edited March 24, 2020 by bitcoinb

[BitcryptoHan 2557]

I can not get you, what is mining and proof of stake, in mining you either use proof of work or proof of stake to mine. That means you still like mining. 

[kyoukage01 3181]

I don't know about altcoins, but I am more interested to know whether mining for Bitcoins will still be profitable for big-time miners after this year's (2020) halving event. Because they might start raising their transaction fees if they find the actual mining to be too cost-consuming.

 

[Kchudi02 13]

The first bitcoin miners were able to earn coins relatively quickly just using what computing power they had in their homes. By 2020, cryptocurrency mining has become a little more complicated. With bitcoin, the reward is halved every four years.So it's not a good idea right now.

Edited April 11, 2020 by Kchudi02

[guatazoo 7150]

On 10/5/2019 at 10:40 PM, speedxp said:

It has been a long time since the crypto market began to decline not following the crypto mining. There are two things I want to ask here:
• Do people still do a lot of mining with the current crypto market conditions?
• And also whether mining with current conditions can benefit?

Not all people can still mining if they see the mining is currently not profitable. But there have some people who are mining even there is no profit, but they still mine for the future to have many bitcoins.

[BTC Future 3946]

It is profitable if you have low priced electricity source. There are many renewable energy companies that you can negotiate terms, but you have to be honest about the electricity you will spent each month and explain the operation you will run. This way you can get low prices.

[BitcryptoHan 2557]

On 5/21/2020 at 5:33 PM, valenteeno said:

if it were not profitable to mine nobody would mine at all. so those who own powerful enough equipment are still in the game

Those with powerful equipments are still in the game, but mining is not as profitable like before, and those people you referred to double there miner with the profitable mining they made in the past. 

[Magnom 0]

Mining is profitable in everytime in my opinion, but this depends on the price of the electricity in your area, and if you can buy expensive special devices for mining! Maybe this isn't profitable for persons as you predic! But it's still profitable for companies.

[CryptoLover21 0]

I don't think mining is still profitable because difficulty of the mining is increasing day by day . Even the bitcoin halving day is coming nearer and nearer, it will make the mining very difficult. I don't think mining is profitable.

[Honny143 13612]

Mining is not profitable for everyone its need so many thinks favor, like electricity prices low expensive equipment affordable and arrange lot of money for mining, then mining profitable but everyone not afford this so they drop their mining planning, now bitcoin halving also complete so now mining is very hard.