Is mining still profitable?

[Zrnabaly 179]

Dear in my opinion mining is still profitable. 

But those know better who do mining. But I don't mine so can't be sure . If i get any information about your topic i must tell you.

Thanks.

[Shadi29 871]

Yes, dear friends, mining is still profitable, but the profits differ from one person to another according to the cost of mining from mining devices that are expensive and the prices of electricity and the Internet, and this varies according to the state

[aiham 488]

Before starting mining, a careful analysis of the project must be done .

1- Electricity bills must be calculated because mining consumes a lot of electricity .

2- Calculate the price of the mining equipment that you will buy, their strength and their ability to mining .

3- Choose the currency you want to mine .

4- Know the amount of currency you will get .

After that, mining can be profitable in some countries and not profitable in others .

[Wael154 1134]

I'm unsure continues to be lucrative, perhaps two or even 5 many years a chance indeed, however right now hmm We Michael unsure, very first you'll need a possible device, as well as there, are several prices to pay for regarding power as well as upkeep.... and so on isn't free of charge as well as simple to my own.

[Miraa 654]

Mining is profitable and remain profitable this is reality of crypto currency is now up coming days will be crypto currency year. The mining is a procedure that generate new coins for trading and new coins are coming in crypto world and people use these coins for trading.

[mhd tello 639]

It is really profitable, but if the electricity is available for you and it is free or low cost
But if you are in a country where electricity is expensive, then you will definitely be a loser.

[Reen 1120]

Actually,Mining is still profit if you earn and hold your coins for future profit. Because of the value is increasing day by day and even it is still profitable to mine cryptocurrencies. Mainly mining is very much profitable for whom who has no asset to invest invest in crypto. 

[Riyadmozu 49]

On 10/19/2019 at 8:51 AM, BadmaN said:

in my country mining really not profitable cost really high

which country are YOU from? How did you calculate it?
Please provide information on the calculations you have made.

[EarnerPro 29]

I am not sure about the mining right now because I am not doing it but I think it is not profitable in the countries where the electricity cost too much.

[ItxAiza 222]

Dear I do not have a idea that now the mining will be profitable or not. Because now there you can find a lot of sites where you find the scammers. You can make a profit if you can find a real platform and it is very difficult to find a real platform.

[Adam Stieve 18]

Sometime mining is very profitable and sometime mining is face very loss. Every person face a profit or loss. My last month is very bad prove for me. But this month is very good for me because of price of coins

[Rutherford Adam 67]

Yes dear this is too much profitable thing you can easily a heavy amount of money through mining process.I think this is also possible on mobile phones the better option is Personal computer.

[Kalisha01 82]

Just a few countries are profitable where electricity is cheap or solar power is available. I attempted to mine electroneum but gave up due to the low number of coins it would produce. Mining is not a job; all we have to do is set aside the device. BTC is good for mining, but the power consumption would be higher, resulting in a loss of revenue.

[Nnnbht 502]

Unfortunately, my friend, mining these days is no longer profitable, as more than half of the total number of Bitcoin 21 million pieces have been produced, which will finish mining in the year 2140, so I think that mining these days is very risky and consumes energy and equipment.

[Xamzaakram 0]

Mining is not realy profitable

[huesca123 946]

It all depends on which coin you want to mine. If you have enough power, BTC is still profitable to mine. But there are other easier & more profitable coins to mine. Google Nice Hash & see what they offer to mine. You can rent miners from Nice Hash & its still very profitable. But you have to do your home work 1st.

[XcelToken Plus 7]

Yes, Crypto mining will be profitable, but there will be barriers to entry. Even said, mining is increasing in scale and efficiency, which means there are new methods to make money with Bitcoin, such as yield farming, which makes money by leveraging existing crypto assets.

[zazazaza4 26]

As far as i know, Ethereum mining is becoming less and less cost-effective. GeForce RTX 3080 is bought in less than 22 months, and GeForce RTX 3070 - in 20 months.

 

i wouldn`t mine at present and i`d find a better way of income

[TahGG 32]

mining still profitable. moneo is good to mine. i have a good radeon graphics card that provides me more than 500 hash rate. sounds awful but still too poor to take that kind of profits. with that money i will not able to buy a cup of coffee. that is why i decided to use my mining coin as investment, i will deposit those coins to yobit for trading purpose

 

[hugomaskut 3]

They find different ways to mine some miners with google cloud and have a good profit