Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: MiningChick on March 04, 2025, 09:07:53 AM
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So, with the Bitcoin halving slashing rewards, it's all about efficiency these days. I've seen some folks upgrading to hydro-cooled ASICs, while others are messing around with altcoins or finding hosted spots with dirt-cheap electricity. Honestly, I'm wondering, is mining even still profitable in 2025, or is it just a game for the big shots now? I don't want to stop what i started 2 years ago.
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Honestly, I'm wondering, is mining even still profitable in 2025, or is it just a game for the big shots now? I don't want to stop what i started 2 years ago.
It's still profitable. As proof, you could visit https://www.asicminervalue.com/ (https://www.asicminervalue.com/), configure electric rate and choose "BTC" to see list of SHA-256 ASIC that remains profitable. Although profitable doesn't always mean you can get ROI within reasonable time.
But even before halving, BItcoin mining is already serious business dominated by big shots along with few individual/small group who have easy access to cheap electricity and ASIC.
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So, with the Bitcoin halving slashing rewards, it's all about efficiency these days. I've seen some folks upgrading to hydro-cooled ASICs, while others are messing around with altcoins or finding hosted spots with dirt-cheap electricity. Honestly, I'm wondering, is mining even still profitable in 2025, or is it just a game for the big shots now? I don't want to stop what i started 2 years ago.
There is no universal answer to this question. Bitcoin's difficulty is very high indeed (+110T), which makes things complicated for those who have just invested in their ASICs recently and who don't have access to dirty cheap electricity... It depends on how much you pay for your electricity, the price you paid for your ASICs, whether you pay to access your infrastructure, taxes on profits etc...
From my side, I've been doing nothing but solo mining for a long time now, and I'd rather try a solo block than scrape a few satoshis a month, but that's up to each individual.
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Are people still mining? Then it must be profitable! Does that mean it's profitable for everyone? No!
Profitability rates haven't changed much, assuming you're mining since 2023 the income per th/s has always been between 8 and 4 cents per th/s, the price increase has diminished the halving effect, at the same time, more efficient gear is driving out old miners, the equilibrium seems to be around 5 cents per th/s as income, so, if you can run your machine cheaper than that and still ROI, do it.
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From the way you have phrased your question, it is evident that you are new to BTC mining. Operating mining rigs is not so easy, and a lot of things can go wrong without experience. I will suggest you to buy bitcoins straight away and try to hold on for a longer period meanwhile, you can learn more about mining and after that start with a small rig to test the waters.
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From my side, I've been doing nothing but solo mining for a long time now, and I'd rather try a solo block than scrape a few satoshis a month, but that's up to each individual.
Well everything is about risk but what if you end up not Minning a block considering how&cost you have to upgrade, maintain,for electricity and lot more, unless it's actually possible you contribute with more Minning power which means more money to set things up . Still, it just a risk of Minning a block one day or can you give the possibility and do you know the total number of miners solomining just like you...
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It's still profitable. As proof, you could visit https://www.asicminervalue.com/ (https://www.asicminervalue.com/), configure electric rate and choose "BTC" to see list of SHA-256 ASIC that remains profitable. Although profitable doesn't always mean you can get ROI within reasonable time.
The bad part is, that there are only a dozen of Bitcoin miners who are profitable at this moment. Most of the miners show that it will take three to four years to give you the ROI. But most of the time difficulty continues to increase and the profitability decreases over time. Now it depend on the miner how they use their mining reward. If they hold it and wait for a good market to sell it, then they might get their ROI faster. Bitcoin mining is not just business, it's a passion.
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It's still profitable. As proof, you could visit https://www.asicminervalue.com/ (https://www.asicminervalue.com/), configure electric rate and choose "BTC" to see list of SHA-256 ASIC that remains profitable. Although profitable doesn't always mean you can get ROI within reasonable time.
The bad part is, that there are only a dozen of Bitcoin miners who are profitable at this moment. Most of the miners show that it will take three to four years to give you the ROI. But most of the time difficulty continues to increase and the profitability decreases over time. Now it depend on the miner how they use their mining reward. If they hold it and wait for a good market to sell it, then they might get their ROI faster. Bitcoin mining is not just business, it's a passion.
If your statement based on website i mentioned earlier, take note that website
1. Use $0.1/kWh as default electricity rate. But most big-scale miner use electricity rate with rate below $0.06/kWh.
2. List all of ASIC out there, which include unpopular brand (such as Bitdeer) and ASIC for hobby (such as Bitaxe Gamma).
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The bad part is, that there are only a dozen of Bitcoin miners who are profitable at this moment. Most of the miners show that it will take three to four years to give you the ROI. But most of the time difficulty continues to increase and the profitability decreases over time.
The economics of that is really different, it's not just as simple as cents/kwh nowadays.
First as pointed out, asicminervalue uses 12 cents as default, when you cut it down to 6 even an old s19xp , a 2022 model has a ROI of two years.
The second is about how much you can write off from your taxes as depreciation of assets, how you can get a better deal, how you can use that as a heater as a hobby miner or for larger farms to get incentives for a company creating jobs, nobody is nowadays playing a fair game. I mean seriously, a mining farm was on the verge of burning rubber to power their basics in order to get cheap fuel and the money from the disposal of tires.
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If your statement based on website i mentioned earlier, take note that website
1. Use $0.1/kWh as default electricity rate. But most big-scale miner use electricity rate with rate below $0.06/kWh.
2. List all of ASIC out there, which include unpopular brand (such as Bitdeer) and ASIC for hobby (such as Bitaxe Gamma).
The economics of that is really different, it's not just as simple as cents/kwh nowadays.
First as pointed out, asicminervalue uses 12 cents as default, when you cut it down to 6 even an old s19xp , a 2022 model has a ROI of two years.
The second is about how much you can write off from your taxes as depreciation of assets, how you can get a better deal, how you can use that as a heater as a hobby miner or for larger farms to get incentives for a company creating jobs, nobody is nowadays playing a fair game. I mean seriously, a mining farm was on the verge of burning rubber to power their basics in order to get cheap fuel and the money from the disposal of tires.
Electricity is much more expensive in my country. At least it's more than 0.12 USD when you use it for business purposes. As for home, if you use below 75 units, you can pay as low as 0.05 USD per unit. But in most cases, each family uses more than 200 units, and it charges 0.1 USD per unit. For business electricity, you may have to pay up to 0.15 USD per unit. So, for me, it's not an easy thing in my country, and even the latest models of ASICs would take at least four years to give ROI.
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Electricity is much more expensive in my country.
I live in Europe so electricity is expensive as hell but I kept mining because I had those miners at my parent's farm and on that we had a fixed rate till a fixed consumption per month, since most months when the mills are not running we get away with 10% of the consumption I was getting something like 4 times below national average there.
That's why I was saying nobody runs on country level medians.
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I live in Europe so electricity is expensive as hell but I kept mining because I had those miners at my parent's farm and on that we had a fixed rate till a fixed consumption per month, since most months when the mills are not running we get away with 10% of the consumption I was getting something like 4 times below national average there.
That's why I was saying nobody runs on country level medians.
So I guess it completely depends on the expense of the electricity. Some people use Electricity for free. For example, I have friends who work in power stations. Since they generate electricity, they use free electricity in their office and their staff quarter. I guess he could get ROI fast as fuck if he wants. I don't know if that would be unethical, because the power station company allows their staff to use free electricity without using any kind of meter. Unfortunately, Importing a miner is too risky in my country.
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So I guess it completely depends on the expense of the electricity. Some people use Electricity for free. For example, I have friends who work in power stations. Since they generate electricity, they use free electricity in their office and their staff quarter. I guess he could get ROI fast as fuck if he wants. I don't know if that would be unethical, because the power station company allows their staff to use free electricity without using any kind of meter. Unfortunately, Importing a miner is too risky in my country.
Never heard of that but again, how much free electricity do we talk about?
One single basic is 72kwh per day 2100 kwh a month, so let me take the per capita consumption for Bangladesh as I can't get any for a household this would include industry and it's 500wh a year, so an ASIC will burn as much electricity as 48 people or probably close to 20 households.
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It's still profitable. As proof, you could visit https://www.asicminervalue.com/ (https://www.asicminervalue.com/), configure electric rate and choose "BTC" to see list of SHA-256 ASIC that remains profitable. Although profitable doesn't always mean you can get ROI within reasonable time.
The bad part is, that there are only a dozen of Bitcoin miners who are profitable at this moment. Most of the miners show that it will take three to four years to give you the ROI. But most of the time difficulty continues to increase and the profitability decreases over time. Now it depend on the miner how they use their mining reward. If they hold it and wait for a good market to sell it, then they might get their ROI faster. Bitcoin mining is not just business, it's a passion.
I still think bitcoin mining's worth it but I don't just dive in blind. I'm constantly poking around real time mining stats to see what I can really pocket, it's a huge help when prices bounce or mining gets tougher. I lean on a solid platform to compare ASIC miners, figure out my electricity costs and decide if a move's worth it. I used to think snagging the flashiest hardware was the trick, but I've figured out it's more about matching it with the right tools and know how to get the most bang for my buck. Honestly, it's like piecing together a puzzole some days, tricky, but kinda fun too and with a solid setup, I can roll with the wild swings in mining and still end up on top.
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I still think bitcoin mining's worth it but I don't just dive in blind. I'm constantly poking around real time mining stats to see what I can really pocket, it's a huge help when prices bounce or mining gets.
As far as we understand, after all these discussions, the mining profit mostly depends on your electricity cost. If you have cheap electricity, your mining will be more profitable. With a $0.12 KWH electricity, your miners will take several years to give you an ROI. But if you have cheap electricity, you can get your ROI within a year or a year and a half.
I remember that I saw some YouTubers were mining some altcoins named chia with their hard drives. Not sure what else is minable and profitable these days. I am looking for something new and not expensive.
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Small scale mining is very very very very very hard to profit.
The best btc miner is the s21xp 270th at 3.5 kwatts
So 270×0.043= 11.61 usd earnings
3.5x24= 84 kwatts burned in a day or $8.40?at 10 cent power cost
That is about $3.21 daily profit or 2400 days to break even with 10 cents power.
With 5 cent power it costs $4.20 so
11.61-4.2= 7.21 or just about 1000 days to break even.
But usa you can write off the 7200 that the machine cost. That saves about 2400 in tax.
So 7200-2400= 4800 cost so you pay off in about 1500 days at 10 cent power and in about 650 days with 5 cent power.
That is with current price of 84k
If you have money for power and hold the coins and coins go up you get out faster.