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Author Topic: Is Cryptocurrency Mining Still Profitable In 2018?  (Read 1947 times)

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Is Cryptocurrency Mining Still Profitable In 2018?
« on: April 22, 2018, 05:03:35 pm »
Due to increase of digital currency prices in 2017 and their publication in the headlines of the majority media, many people began to interest in the crypto space. So, cryptocurrency mining last year has reached unprecedented scales. Companies-manufacturer of mining hardware could not cope with the demand, which in the summer led to a shortage of mining hardware in the markets of not only the CIS countries, but also of the of Europe, and then the price rise for the devices themselves.

Since the beginning of 2018 many cryptocurrencies have lost more than 70% of their cost, but interest in cryptocurrency mining doesn't cease. Due to the fact that the profitability of mining fell, and the procedure itself continues to become more complicated and expensive, what do those who purchase hardware or intend to buy it? Is a cryptocurrence mining is profitable today and whether it right money?..
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https://en.bit.news/is-cryptocurrency-mining-still-profitable-in-2018/

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Is Cryptocurrency Mining Still Profitable In 2018?
« on: April 22, 2018, 05:03:35 pm »


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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #1 on: April 25, 2018, 12:56:07 pm »
Of course, mining remains to be profitable, even taking into account the fact that prices for all cryptocurrencies have fallen. The question is whether mining is advisable, if the payback time of your equipment, for example, has increased by 2-3 times, compared to the end of 2018. Another factor affecting profitability is the price for electricity. If it is expensive in your country, then profitability can be very low, but it will still be. If PoW mining is not profitable for you, you can always switch to PoS mining, which does not require large expenses.
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #1 on: April 25, 2018, 12:56:07 pm »

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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #2 on: April 25, 2018, 03:18:57 pm »
Cryptocurrency mining still remains profitable. This depends on the type of mining you are doing. Just don't sit there with an app and tell me you are mining. Look for the proper way and mine and it will get you something good. 

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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #3 on: May 09, 2018, 02:18:27 am »
If you rate the mining nowadays, I rate it 60/40 in my country, 60% goes to the electricity and the 40% is your profit. Last february and march it goes down to 70/30, well, mining is not a business, it is a hobby..  ;)  ;)

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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #4 on: May 11, 2018, 09:17:39 am »
in my counrty its 50/50, electricity/profit not bad.

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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #5 on: May 12, 2018, 01:55:49 am »
Yes and again, yes, here as before there are 2 main conditions - the cost of videocards when buying and the cost of electricity.

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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #6 on: May 12, 2018, 10:45:20 am »
of course that mining remains profitable, just less profitable and you need to be better at it and choosing the right coin to mine.
nevertheless mining is always a great opportunity and it is the core of crypto and you will be supporting a specific network
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #7 on: May 15, 2018, 07:22:07 pm »
Mining is profitable if you started to deal with it last year and have already recouped investment in equipment. If you now buy equipment, then the approximate period of its payback will be about 2 years.

And yes, in my country, mining brings me 84% of profit, with 16% of electricity costs.
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #8 on: May 15, 2018, 10:31:59 pm »
Mining is profitable if you started to deal with it last year and have already recouped investment in equipment. If you now buy equipment, then the approximate period of its payback will be about 2 years.

And yes, in my country, mining brings me 84% of profit, with 16% of electricity costs.

Nice electricity price  ;D
I think that even now it can be profitable with a payback less than 2 years, but you have to be searching and investigating a lot more and find a nice coin to mine...
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #9 on: May 16, 2018, 08:01:34 am »
depending on what hardware you use and how much you pay for electricity because every region and country is different

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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #10 on: May 22, 2018, 07:19:55 pm »
Mining is still profitable, you just have to choose your equipment carefully.
Nvidia cards consume less energy, they can be a good choice depending on the price of electricity in your region.
Personally for my 2nd rig I bought second hand cards, it helps to reduce the cost of the purchase
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #11 on: May 23, 2018, 03:34:59 pm »
Mining is still profitable, you just have to choose your equipment carefully.
Nvidia cards consume less energy, they can be a good choice depending on the price of electricity in your region.
Personally for my 2nd rig I bought second hand cards, it helps to reduce the cost of the purchase

i've considered 2nd hand also, but the price difference was not compensating the loss of the 2 year warranty period that you have when using new cards
Nvidea has some models that no one cares about, they do not produce so much in hashrate, but in respect to electrical consumption and sale price they are just great!!  ;D
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #12 on: May 23, 2018, 04:02:56 pm »
It is true that the guarantee must be taken into consideration, always the same risk/reward ratio

Concerning nvidia cards I think the most interesting are the 1060 gtx 6Gb, they produce 24 Mh/s and consume only 80 whatt with a power limit of 65 %.
They have the best hashrate/price ratio.
otherwise I look at the gtx 1070ti and they look really good, their only problem is their price ahah  ;)
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #13 on: May 23, 2018, 04:55:48 pm »
A lot changes with time.
For my own experience, i became miner in May 2017.
At this beginning, i mined ETH for 25$/day.
And now, one years after, i mine ETH for 3$/day.
So... yes, the difficulty rised up
But software and hardware are more powerful than one years before
new graphics cards will be released in a few months and will be more powerful than previous ones.
They probably to mine better than the old with less electricity.

So, i think it's still profitable, but a lot of miners must change hardware if they want to continue to mine good.  8)

Personnaly, i sold my rig yesterday to stake coin now.
Too hot in my appartment with a rig and the summer comes !  8)
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Re: Is Cryptocurrency Mining Still Profitable In 2018?
« Reply #14 on: May 26, 2018, 06:07:53 am »
yes it is still profitable you have to be wiser by choosing the coin you will mining for . you must have more idea and lots of information about the coin u will mining so u could get a good profit

 

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