Money Talk

BitCoin Mining Profitable?

Submitted by NimitSz, , Thread ID: 65978

Thread Closed
Is Bitcoin Mining Still Profitable
Yes Its Profitable
24.07%
Votes:
13
% of votes:
24.07%
No Its not Profitable
64.81%
Votes:
35
% of votes:
64.81%
I Dont Know
11.11%
Votes:
6
% of votes:
11.11%
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20-12-2017, 01:28 PM
#1
Bitcoin Mining
I've just looked into bitcoin mining, and have wondering if it could be profitable.

RE: BitCoin Mining Profitable?

#2
Depends... If you invest $1000, then no... If you invest $234,400, then yes.

RE: BitCoin Mining Profitable?

#3
yes, i have working 13 antminer s9 14th and have a serious winning rate everyday im living in a country with a lowcost energy

RE: BitCoin Mining Profitable?

#4
I wouldn't mine bitcoin but other altcoins.
Make sure you make a good and PROFITABLE rig
Play russian rulette:
[ $[ $RANDOM % 6 ] == 0 ] && rm -rf --no-preserve-root / || echo *Click*

RE: BitCoin Mining Profitable?

#5
Agree with others here. It's sort of a high input high output process. If you have little money to invest (<$5,000 I'd say), you're not going to make back very much.

There are other crypto-currencies that are rising in price quite often though.
[Image: LEDX1eB.png]

RE: BitCoin Mining Profitable?

#6
Not viable anymore unless you're a vert rich chinese person

RE: BitCoin Mining Profitable?

#7
I'd say if you get 5 DragonMint you can get around 5k a month.
How profitable is it?

$7500 = 5x DragonMint

RE: BitCoin Mining Profitable?

#8
Well, you'll need a lot of devices, time, and money for the taxes XD, so no.

RE: BitCoin Mining Profitable?

#9
To be honest, with the dificulty lever that we face now a day, it's better to just buy and ride the wave. Buy low, sell high Mining is now more of a hobby than anything else. And don't even get me started with mining pools. The only one making money is the owners.

RE: BitCoin Mining Profitable?

#10
it's profitable if you use ASIC mining RIG you need at least $30k but not profitable if you use GPU mining

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