Is Cryptocurrency Mining Still Profitable In 2018?

[indexx]

There are several coins that can provide benefits to be mined. But you have to know, maybe when the market is down, mining does not give much results. But you can save it for some time until the price of the coin that you mine can provide profit.

[Sakita Joana]

My answer to the benefits of digital currency mining with hardware is not very profitable, even if it is calculated, the cost is very large with very little profit

[yousufatik]

Cryptocurrency mining is a hit or miss.  You can mine a stable project and will make a minimal amount of profit after electricity fees and it'll still take a while to pay off your miner.  Or you can gamble and mine a project that isn't even on an exchange yet and if the project is a success, you can see huge profits.  The risk is, if the project get's dump by the dev or doesn't get listed on any exchanges, you'll be a bag holder.

[verifyme]

In my view, mining in 2018 is not too profitable. The first reason is that the price of coins is very low. While the electrical power needed to mine is very large. Especially mining is not easy, it takes a long time.

[shintosai]

In my view, mining in 2018 is not too profitable. The first reason is that the price of coins is very low. While the electrical power needed to mine is very large. Especially mining is not easy, it takes a long time.

Personally, I agree with you, mining is no longer profitable unlike last year, the value of those coins that you will going to mine is more cheaper than the expensive that you will going to have, especially when you are residing inside a third world country, there's a lots of considerations not unless you are really believing that the market will bounce back and you are willing to hold and wait.

[Ibraheem]

In my point of view, mining in 2018 is not too profitable. The first reason is that the price of coins is very low. While the electrical power needed to mine is very large. Especially mining is not easy, it takes a long time.

[Niteroy]

The profitability of mining has fallen sharply and in countries with a high cost of electricity, it generally does not make sense, but in countries with low cost electricity is still profitable, although it is at a very low level. Many PoW miners sold their GPU and switched to coins that support PoS technology, because in this case electricity costs are low and profitability is higher compared to PoS mining.

[wokee12]

Now mining difficulty is so damn high, we should turn back time to 2009 and if we mining in that day we can make at least 10 bitcoin daily

[Chomzzy]

Yes. Mining is still profitable but nothing compared to the profts percentage of 2009 all through 2017.

[AndrejWarhola]

If you’re heard about Bitcoin then you probably heard about Bitcoin mining as well – the concept of “creating” Bitcoins from your computer. The following post will give you a complete overview of what Bitcoin mining is and is it still profitable today.

[Master107]

Yes of course, it doesn't matter if marker decline mining won't stop because the transaction in blockchain is continues. Although it is expensive you still have the right to choose whether you continue or do another way to earn.

[fgg57fg7]

In my point of view mining is still profitable it's depends what kind of equipment that's  you used and the cions that you choose. Search more about cions that's profitable before we mine so that our profit is good

[Ibraheem]

To my own opinion,
The profitability of mining has fallen sharply and in countries with a high cost of electricity, it generally does not make sense, but in countries with low cost electricity is still profitable, although it is at a very low level. Many PoW miners sold their GPU and switched to coins that support PoS technology, because in this case electricity costs are low and profitability is higher compared to PoS mining.

[Adp]

on market with price like happend right now i think quite hard to get profite
i see many people selling their minner tool in some group
they said even the money they get from minning can't cover electricity payment

[fommes86]

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.

How can you tell that mining is still profitable? I would say it depends, in Kazakhstan it is still profitable for sure, cause the government is subsidizing you energy bill