Is mining still profitable?

[The Flying Dutchman]

waste of time indeed!

[tthong901]

do cloud mining then.. not much resources needed though

[DB014]

No it is not. Gotta have the right set up. I know who mines btc for a living and dude easily gets about 3-5k everyday mining btc.

[silencedogoodletters]

You can still mine a lot of minor coins. Raven coin is still a good coin to mine if you plan on the coin hitting 50 cents eventually.

I mined ETH for 4 years and it was great but the ROI back then was 2 years, now the ROI is more like 6 for ETH. The bigger coins just aren't feasible in the US anymore. in Eastern Europe or Asia where electricity could be cheaper you'd be able to do it.

At this point if you have money to spend it's far easier to invest in POS coins and get the returns, or run a master node and you can make more money that way.

[Tastybarbet]

It depends on your choices for :
ASIC mining or GPU (Rig mining)
Probably ASIC
Which models ? how many ? total price ? / Power consumption ?

some people choice older device and buying 2 or more device [lower hash rate / lower prime cost / tolerance and compensation of risk and failure and etc]
although more older devices consume more amps,For example :
two S9 Antminer devices use a total of 18 amps and the sum hash rate is 28
while one F1 cheetah device with 24 power consumption has the same amount of amps
some other ones choice one new device
and the reason is the opposite of the first reasons

the big problem is electricity cost that is so cheap in some country.

[Investemeter]

depends on your country and system actually

[kingsizexx]

I remember many years ago when mining btc was really profitable. Is it still? What has changed in the mining game over the last few years?

you will waste alot of electricity bro..

[guebopeluo]

If you have access to china seasonal hydro power or to a country like Venezuela you can GPU - ASSIC Mine without problem and the gains are sick

The problem is having contacts to do mining investment there and make sure this person is giving enough security that your mining equipment wont dissapear.

[claudano]

Depends on the type of coin and the amount of power you can supply. Most resources have been exhausted unless you are packing

[boozi]

cant you mine eth with an a10 pro and net like $700 profit per month?

[FuzzeLuzne]

You are better off buying btc. For miners to remain profitable the price must move up but if the price moves up you will make more by holding btc. The only reason to mine is if you need "virgin" coins or have no way to buy them without KYC.

[Novados]

Why wouldnt it be

[gangsta777]

Depends on how much you pay for electricity honestly. If you have good hardware and you don't really pay for electricity (or it's cheap) then why nto.
I stopped mining after the 20k crash back in 2017 then I just started again few months ago with my RTX 2070s to do something while it's idling (also just earn some small side income for fun).

[Serg1o]

Depends, you can always try it

[dp121584]

you need some real investment for rig right now to get in the game of mining, there is potential but it's very difficult now.