Mining in Today’s World

[Esstek 5]

Hi

i was just curious to know is mining still that profitable as it was 3 years ago and will it yield good income if we purchase the best miner available right now?

P.S I had an antminer s9 14th bought back in 2017 and it was doing quite good until the bitcoin went straight down from its ATH, after that i was not able to recover even my electricity cost associated with the miner

At that time i was earning around $30 Per Day and i almost had a break even but suddenly everything went upside down

so i was just curious to know if anyone out here is using a miner and is it making him enough money to cover his costs

[Caporetto 327]

We are at S15 miner.. There is no chance u can still make profit from that, also halving will make come double the difficulty anyway, we are very close to avg mining price break even,maybe try mine some bitcoin talk new coins with that, before they go mainstream, many ppl got rich mining XHV just because they were first.

[Great Commander 659]

From today there is no way to profit on gpu mining or asic mining. Pools are full and just increase the diffoculty to earn blocks of bits to convert it to different crypto.

[dmnqe07 365]

Way back years, mining is really easy because there a low people only doing mining that time, but now since mining really spread around the world. mining is not really profitable right now unless you have free electricity. because in mining the only dilemmas you have is the cost of your electricity. 

[ASDFGHJKL17 267]

For me i see mining as not that worth it. I see mining as a waste of electricity because mining operates 27/7 and for me your earings is not that enough. 

[pangitmo 186]

You can eran in mining but it is not si profitable. You can profit from it but it will be nothing because of the too much usage of electricity which is a bad effect for us so maybe you should change your way of earning, try to invest or trade.

[Akbor 1042]

Day by day mining process are becoming difficult and also the reward decreasing . at the first time when mining start it was very easy to mine and with high profit. as mining is free so it is a bit profitable till now.

[tienda 8776]

Mining today is very very poor profitable than mining on the year 2009, the project it is on his exploration, so today to mine you need more patient and time and also is expensive than before when the machine are cheaper.

[NordisLofer 77]

I believe that today mining is still a lucrative occupation, since understanding the topic of cryptocurrencies can earn a lot, as before.

[Mahadi hassen 50]

I think because in those days 1 Bitcoin excavation takes a maximum of 3 days. Occasionally, the price may rise. However, mining has not been difficult in recent times. After gaining profit, you can see that your spending is more than your profit. General Chat Chat LoungSo stop digging and start trading ence, but still it is difficult for us to gain abundance at this point.
General Chat Chat Loung

[Man 741]

In previous years mining bitcoin would be very profitable. Not that mining is not profitable right now, it's just that the profit is slightly decreasing. But the important thing is it can be profitable.

[Md San 0]

i think mining bitcoin is very profitable today because now the market price of this cryptocurrency is increasing. so if you mine and hold it you can earn a lot.

[jacker 1095]

mining is now different from 3 years ago, it is no longer as brilliant as in 2017, mining is now very difficult and very complicated.

[Lubruselu 2803]

The mining interesting in today's world is decreased after people to know how the mining works and where the bitcoin mining from, because before people were thinks that's bitcoin are come from nowhere without knowing it is from the blockchsin transactions fees

[Luciferludz 1442]

No! Since before people were knows that's the mining rewards is coming from the blockchain transactions fees, but the reason make people to stop mining is because it's not profitable

[Shakil123 3]

o So I am not interested in working on any mining site. I think mining is not very profitable today. Mining is more difficult and risky...

[Mashiur 77]

I am already said that I have no experience about mining. But I think mining is very profitable. 

[scorpiali 5626]

On 10/16/2019 at 7:48 PM, Esstek said:

Hi

i was just curious to know is mining still that profitable as it was 3 years ago and will it yield good income if we purchase the best miner available right now?

P.S I had an antminer s9 14th bought back in 2017 and it was doing quite good until the bitcoin went straight down from its ATH, after that i was not able to recover even my electricity cost associated with the miner

At that time i was earning around $30 Per Day and i almost had a break even but suddenly everything went upside down

so i was just curious to know if anyone out here is using a miner and is it making him enough money to cover his costs

I never mine any Crypto currency in my computer or phone because i think it's a wasting time and energy and broke your device without any valuable coins at the end , bu I try some cloud mining website

[Zisan95 71]

Mining is not profitable. Trading is profitable. Because, for mining cryptocurrency, you need to invest a lot of money. You have to build a super computer with higher configuration.You have to invest minimum money for trading. If you want to mine then you have to invest a lot of money.

 

[lhen22 56]

12 minutes ago, BitTim said:

Mining has not been any easier at all we only need to be very carefully in how we are and ensure that we are all safe at all times regardless of the circumstances involved in it all 

exactly, and mining today is not profitable especially if your country charge too much fees on electricity consumption. altcoins are also dropping fast more than bitcoin and not so attractive anymore.

[Fadimah 191]

I don't think mining is as profitable as it was before. It involves a lot of hardwork and using of sophisticated devices to do the mining. So I guess few people are into it right now unlike before.

[kadayakito 765]

I do not recommend mining now because there are two major problems right now: difficult exploitation due to many people exploiting and exploiting less profit due to insecure costs of electricity, tools, websites. If the interest problem is guaranteed, it can still be exploited

[Red-Jones 1150]

2 hours ago, SANAULLAH said:

As per my suggestion Mining isn't gainful any longer. Where the degree of trouble increments and mining reward is getting littler.

 

In addition to the fact that mining is no longer profitable, there is also an issue of pollution, many hambientalists are asking governments not to accept electricity from coal and bitcoin mining in China, which is provided by electricity companies that use coal.

[AmazingLicense 46]

Well, mining is not profitable like before. There was days that mining was very profitable, but not anymore.

Still by choosing the right hardware and coins to mine, it can be profitable but you need to patient to see profits.

[Beromnia 733]

Welcome with me
Profit from mining on Antminer devices is linked to several points, the most important of which are:
Calculation of electricity costs, maintenance costs, bitcoin price
If you have enough capital to manage costs, you can mine and keep it to the future, because the prices will be great