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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RE: BitCoin Mining Profitable?

#41
Bitcoin mining is so tedious and you need to spend lots of money mining to barely get any profit. And getting all that profit will take lots of time.

RE: BitCoin Mining Profitable?

#42
No, it's not profitable anymore if you dont have a lot of device :(

RE: BitCoin Mining Profitable?

#43
this is a very interesting topic i appreciate it greatly

RE: BitCoin Mining Profitable?

#44
It's hard to answer, because difficulty is increasing, and BTC price is trading sideways, BUT, at the moment i can say yes, its profitable

RE: BitCoin Mining Profitable?

#45
Still profitable when you have high end hardware on your rig.

RE: BitCoin Mining Profitable?

#46
I don't really think mining is profitiable anymore if you don't instantly invest much money into a mining rig.

RE: BitCoin Mining Profitable?

#47
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.

RE: BitCoin Mining Profitable?

#48
if you have 3mln$ then of course, just rent 300km2 pomesheniya and get cash

RE: BitCoin Mining Profitable?

#49
The blockchain is just too massive and complex now that you most likely will take years to even start making profit.

RE: BitCoin Mining Profitable?

#50
It's definitely profitable now, but when it was only $600 I don't think it was.

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