Money Talk

Question regarding Mining?

Submitted by InformationSecurity, , Thread ID: 106924

Thread Closed
22-11-2018, 11:27 PM
This post was last modified: 22-11-2018, 11:28 PM by InformationSecurity
#1
Does mining still make sense in regards to gaining any source of reliable income?
To this date, I know of people still buying GPUs andASICS to mine cryptocurrencies.I thought mining wasn't profitable anymore.
Any insight on this?
Thanks.

RE: Question regarding Mining?

#2
It's not really worth it anymore. You might eventually break even or make a return on ASIC machines, but it's a long game now with diminishing returns.

RE: Question regarding Mining?

#3
It really depends on the type of crypto / the time you start.

For example, mining for Bitcoin is pointless. You won't be able to get anywhere. But etherium mining was huge around a year ago, because it was an actual profitable resource. (I'm not sure if it's worth it now)

[Image: Yp8ZHSk.gif]

RE: Question regarding Mining?

#4
I think its too late to start mining now especially since there is so much competition and the popularity is going down, but damn i sure wish I got Bitcoins when they were like 10 cents.

RE: Question regarding Mining?

#5
The pros have left, the idiots have come. Do not fall for it.

RE: Question regarding Mining?

#6
Mining for people with average electricity price is not worth it. But if you have cheap electricity and you can do research on new coins to mine then you can make a bit of profit and stay in the green.

Users browsing this thread: 5 Guest(s)