Is Bitcoin mining currently profitable.?

[endlasuresh]

Mining is profitable to most tier 4 countries where the Electrcitiy is cheap unless you have to pay the bills only. I too thought to mine, but some of them here reported the electricity bil come in huge and have to use GPU cards.
Please check with your country and solar power would be good for you in mining BTC.

[Ta.Form]

Ahead of halving bitcoin, mining bitcoin became unprofitable. Because when halving occurs, there will be a reduction in the reward block. This applies to all VGA or ASIC. It's better to buy bitcoin than mining bitcoin.

[Luckyperson21]

Mining is still profitable as long as you have a high RIG. It is useless to mine if you only use ordinary RIG. Loss. Electricity costs are not equivalent to mining income. It's better to use expensive RIG than cheap but loss.

[trauchot]

I think that still mining bitcoin brings good income, as I by myself see that a lot of people still mining bitcoin and my friends are also doing this, but the profit is certainly much less than before, thats why now better to mine altcoins.

[Zemytha]

Mining is still profitable. There are still many out there who are mining bitcoin. but my advice, rather than you buy a mining need, you better rent. Many sites offer mining on their site. Cloud Mining. It's better if you have a little capital.

[Delgboke]

I don't really think Bitcoin mining is actually profitable at this time, unless for those that have Bitcoin mining farm I can say it will be profitable for the industry alone, not for free Bitcoin miners.

[aiviaa485]

Therefore, I myself stopped doing this type of earnings.

Unfortunately, friend, maybe it's not the time for you to seek profits in cryptocurrency mining and I'm sure you still have hope for this kind of thing in the future.

There are still many ways to make a profit from Bitcoin besides Mining because Bitcoin is also available in Altcoins trading.
You can try it with a little capital to trade Bitcoin x Altcoins, but the risk is loss and profit when altcoins prices go up and down.

[Istiak]

Not at all. The difficulty is very high. I think you can not raise your electricity costs. But if you have a source of free electricity you can do some profits. But cloud mining is profitable I think.

[madison]

Here are the top 10 bitcoin mining groups 2020 that I have learned. Hope it is helpful for you

Poolin
F2pool
BTC.com
Antpool
ViaBTC
1THash & 58 bitcoin
Slush
BTC.top
BTC.top
Bitfury

[Malam90]

My friend still holds a mining farm. He gets several times less than before. But everything suits him. Personally, I believe that mining is not the most profitable investment. But once again, I’m happy, everything suits my friend, and he has mining farms, but I don’t.

Right mining is not the best option for profitable investment in Bitcoin but it can give long time profits if he adheres with mining. Now Bitcoin price is $10k+ so no miners are now in losses rather than they have already crossed their cost of mining. Now mining is profitable.

[sirty143]

Just want to share this to everyone, "To answer the question of whether bitcoin mining is still profitable, use a web-based profitability calculator to run a cost-benefit analysis. You can plug in different numbers and find your breakeven point (after which mining is profitable). Determine if you are willing to lay out the necessary initial capital for the hardware, and estimate the future value of bitcoins as well as the level of difficulty. When both bitcoin prices and mining difficulty decline, it usually indicates fewer miners and more ease in receiving bitcoins. When bitcoin prices and mining difficulty rise, expect the opposite—more miners competing for fewer bitcoins."

[Andruha1993]

I think mining is now disadvantageous. Because mining Bitcoin is now a complex process and requires a lot of time and financial costs. But it seems to me if you have access to free electricity. Mining can also be profitable.

[sorel57]

No, bitcoin mining is not profitable, u should try out other projects that didn"t require hardware equipments, like ethereum they want to go to proof of stake technology.

[Senin]

I think that still mining bitcoin brings good income, as I by myself see that a lot of people still mining bitcoin and my friends are also doing this, but the profit is certainly much less than before, thats why now better to mine altcoins.

In May, the reward for bitcoin miners for each new block mined will be halved. According to forecasts, this activity will be profitable only to owners of large farms. For small miners, this will already become unprofitable.

[DogeTalk]

Mining bitcoin is already unprofitable when the price of bitcoin is below $ 10k. In addition to the increasing number of miners, expensive costs and tools make people choose other coins to mine.