Is Bitcoin mining currently profitable.?

[Uina]

For starters, I think it is not that profitable now since GPUs are sort of expensive and the electricity rate is a bit high although you may opt to set up a solar panel for this one so you'll save somehow. There's also a limited BTC for mining left so it is also a great challenge for those who are still into mining. I guess those who had been into mining for years now and can buy those high-end mining setups available in the market now, they can still find BTC mining profitable somehow or they could switch to another coin to mine to earn.

[tervel]

Bitcoin mining can still make sense and be profitable for some individuals.Some hardware allows users to alter settings to lower energy requirements, thus lowering overall costs.

[Nestle]

I never thought to mine bitcoin now because it costs a lot. Using masternode is more effective when bad market to get a lot of profit. I use coins that can be used for masternode until now

[Fenix]

After May, when the reward for each new block of bitcoin mined is halved, mining of bitcoin will be beneficial only to large farms. Small miners will get out in this situation as they can. Perhaps someone has their own solar panels to provide themselves with almost free electricity, others will have access to cheap energy sources. You will also need to reinstall or change old equipment. In general, let's see what the miners themselves will say after May.

[Uina]

I'm just an observer and in my opinion, BTC mining is not much a profitable thing these days because of the increase in electricity prices and the mining rig itself is kind of expensive. I guess mining is still good for those who already have their equipment running and installed solar panels to cover the electricity but for new miners, it is much better if you find other options.

[mlawson71]

With the price of Bitcoin dropping so much I wonder that too.