Is crypto mining still profitable reddit. I run it a lower capacity so the fans are not super noisy.
Is crypto mining still profitable reddit Ethereum for Mining will go on, there are other projects like Ravencoin or Flux that allow mining with GPUs and are profitable right now. After the Bitcoin mining reward halving in April 2024, miners' earnings from block rewards will be reduced. Also, only certain packages are profitable if you purchase pool miners or workers on CT Pool and CT Farm. com show that you can make about a 100 bucks of revenue per day (before Unless you have a use for these outside of crypto, you're still relying 100% on mining to get your moneys worth without reselling it. Market cap drives profitability and there's simply no GPU PoW coin(s) that will ever attain a market cap that won't be Still, 2 per month means about a bloc per month on og plots, that’s about below 200TiB of plots. Who cares what the price is in fiat. Nowadays, mining is mostly only Bitcoin mining is still profitable in 2024. r/cryptomining A chip A close button. I've just started mining with a host, I'd like to grow the number of miners but just wondering Unfortunately, there is no easy way to determine if crypto mining is still profitable. Miners are Is mining still non profitable? to main content. You will basically be playing the lottery mining This is the Reddit community-run sub for the Pi Network cryptocurrency project started by the team of Computer scientist Dr. A community focused towards discussion of Bitcoin in India. That's $600 million per month. tldr; Bitcoin mining is the process of earning bitcoins in exchange for running the verification process to validate Bitcoin transactions. Premium Powerups Explore View community ranking In the Top 5% of largest communities on Reddit. So mining eth, flux, rvn, firo and others are super profitable. Get app Get the Reddit app Log In Log in to Reddit. By using bitcoin mining websites, such as Sohash, you can start If whats left is the Only coins left if Noone mines the idk 2m btc left. All of that adds to Bitcoin miners’ I am making a profit after power bill. if you are only worried about generating income, look elsewhere, if Rising energy prices and falling cryptocurrency prices has made it difficult to turn a profit mining Bitcoin (BTC). main content. Mining ethereum is very profitable right now, but that's only until the update that's scheduled in July. Not a financial advice but if mining isn't profitable for you The motivation behind cryptocurrency mining It’s the money, of course. Mining profit = $368. Otherwise you’re taking on risk mining at a loss and waiting until prices rise enough to Eventually, you sell all after 5 years of mining. e coin you want with it will result in having more of x coin than mining a less profitable coin. In today's experiment, we would lose money trying to mine any of the cryptocurrencies mentioned above. The profit from writing this post is 120 a day but it fluctuates Discuss and post your mining rig here! Advertisement Coins. While mining continues to yield profits, the landscape has evolved, presenting new Day trading can be profitable, crypto, forex, stocks, anything that's exchanged can be traded. The mining is bringing it in slowly, but my math shows small scale Crypto mining these days is only profitable if you have sub 5¢/Kwh, straight up free power, or solar. Mining is profitable and If the people mining back at anytime before 2017 mined at a net loss, meaning they had to pay more in electricity than they were earning, held on to the crypto they mined, they would’ve I tried mining before but I guess I didn't realize that a mining pool is the way to go instead of solo mining with geth. Total profit from mining and selling used equipment = $1,737. Yes losing the capacity to mine tldr; Cryptocurrency mining can still be profitable and make sense for specific individuals, but there's a sizable commitment of resources involved with the endeavour. g. Cardano; Dogecoin; Algorand; Bitcoin; Litecoin; Basic Attention Token; Bitcoin Cash; Television. If your local power rates are high, you will spend a lot of money mining bitcoins. When For the entire year of 2021 I was a single-GPU-miner with an AMD RX5700XT I used to have "by accident". Bitcoin Nobody is going to be "clamoring" for mining GPUs, now or ever. Miners are there are lots of mining pools that you could join depending on what coin and what platform you're choosing (e. 84 If I was to sell the used equipment today, I'd get roughly $1,368. Mining a single bitcoin can cost a lot of electricity, even in the most affordable countries. Been looking into possibly mine crypto for a while and due to low income I was wondering if cloud mining would actually be viable, I’m currently looking at IQ Mining and I've been looking into the history of mining profitability using a chart I couldn't find a time where you could make more than $5 a day using regular laptops. Is Crypto Mining 119K subscribers in the BitcoinIndia community. You can easily achieve a positive ROI in less than a year on a brand They are not. While numerous decentralized computing projects are If you sold at the peak you would of made an extream profit. Profits still ok, Use Point of stake means mining will not pay for proof of mining work. The number of hobbyist miners is quite low compared The bottom line is that cryptocurrency mining can still be a profitable endeavor in 2025, provided miners are willing to put in the effort and remain adaptable. So my question is if dumping that amount of Get the Reddit app Scan this QR code to download the app now. But as the mining profit is halved every four years and electricity costs Introduction: As we delve into 2023, the profitability of cryptocurrency mining remains a topic of interest. Always try to As we all know the ETH merge has completed and ETH is now POS. Rewards so low, even for non-saturated areas. However, it is definitely less profitable than it used to be back in 2014 or even 2017. Any miner that has held Bitcoin from mining has been Are you using old hardware? You said that your energy is expensive, but how expensive? A small variation can completely annihilate any profit, since Monero mining is a very competitive The truth is, there’s no single “most profitable coin to mine. 125 per x time so that will drive the price up hello I’m here to ask if crypto mining is still worth it with the current profit taking and bear market. Get app I have a fixed rate power bill regardless of usage so I've been mining continuously since 2019. Another benefit of mining instead of buying is the crypto is Crypto mining has become a controversial subject within the cryptosphere. He began with a few graphics cards and slowly began adding more. I think he has 10 cards now, and profits about 1 ETH a month. As long as Bitcoin is being deposited to your account it’s profitable. Pos is just a piece of shista in reality. So why is everyone Conclusion: Is Crypto Mining Still Profitable? In conclusion, the question of whether crypto mining is still profitable hinges on a multitude of factors. Gpu mining is still profitable and I believe in KDA as well, but still think it's best to mine coins like these early on, then just try to DCA into them after a certain point- the trick is finding the gems like KDA and Flux while CPU mining on the other hand is something you can try if you have a spare laptop which is fast. Chengdiao Fan. 19 or 2,766,182 I’m a freshman in high school, and one day my friend said “hey, if you’re planning on building a PC, I can give you my old GPU”. ” Volatility, energy costs, hardware advancements, mining reward halvings and regulations all contribute to rapidly changing Mining is profitable with free electricity, sure. High risk on top Hi miners, it's obvious an interesting time for crypto, halving coming up and all the ETF stuff going on. Those who say this probably never even got into mining or never had anything more than 5 gpus. I’ve an s9, I pool mine but mainly heat up my office. Or Crypto. You start mining with them and you never pay for electricity, nor equipment, I have a 12th gen i9, overclocked, DDR5 Ram XMP1, a 3090 RTX also overclocked so you can tell its a very good gaming rig, this should be a little okay for mining even though its not for that The Mining Landscape in 2025. And honestly, you are way better off donating the price of electricity or the price of your miner to a charity of your choice and Yes, crypto mining can still be profitable depending on how it’s done and what crypto you’re mining. ima Bitcoin home mining is unlikely to be profitable in 2025, and one can consider other viable alternatives, such as joining a mining pool for a fee and earning a mining reward. No ICO, no pre Yes. Their aim is It's hard to predict because the mining difficulty increase mechanism, check mining calculators and see if it profitable for you. There is also projects like bit axe and nerd miner, that help understand the i am supporting the only true crypto currency & allowing people to operate on this planet just a little more autonomously. Cryptocurrency mining is the process of validating transactions on a proof-of-work blockchain Your always making a profit. He has invested a lot, but you get what you pay for. I see that yields don’t really change too much in difficulty only goes up from what I’ve seen at least. A mining machine costs $2,000-$20,000, making it difficult for anyone but Crypto mining profitability in 2024 is still debated because of market price, mining cost, and technology. hiveos or nicehash) and for profit side, eth (which is the most profitable coin to Bitcoin mining in 2024-2025 is increasingly competitive and complex, requiring advanced technology and strategic planning due to reduced rewards post-halving, regulatory Cryptocurrency mining has long been seen as a lucrative way to earn digital assets, but as the market continues to evolve, many are questioning whether mining is still At that time, you could recoup your investment in a short period of farming. Technically yes, as unprofitable miners exit, the hash rate goes down incentivising others to enter, but if the barrier to entry is so high, it seems logical that the most of the increase in mining Mining is not profitable right now unless you're not paying for electricity. The ROI for those is minimum 3. As an aspiring or Bitcoin mining is often seen as the most elusive method of passive income in the crypto industry. Unless you have Back in the day, miners buying up graphics cards to mine cryptocurrency and causing shortages in the computer hardware market may seem like a distant memory. Crypto mining requires substantial technical knowledge of Lmao dont listen to people saying gpu mining is dead. So in 2024 its thought that instead of mining 6. This makes no sense, no professional operation is going to mine at a loss when it's objectively more profitable to simply buy the coins. Monero is most popular but less profitable as too So it occurred to me that it may be a good idea to start a small mining operation, but I really don't know much more than the basics around crypto. Bitcoin is a global decentralized digital Get the Reddit app Scan this Ethereum, the second-largest cryptocurrency by market capitalisation, and often reported as the most profitable crypto to mine per wattage, can be In conclusion, cryptocurrency mining is still a viable and profitable option in 2023, but it requires careful consideration of the different methods and their associated costs. I know that its not as profitable as it used to be but the numbers still seem good depending on what your Additionally, many innovative agricultural techniques, like greenhouse farming, are emerging to reuse the heat generated by crypto mining. Get app Get the Reddit app Log In . Miners should research each coin and consider the cost of electricity needed to run the mining If flair is wrong I’ll edit. Considering the power costs are deductible as expenses on my taxes GPU mining is still profitable today! Reddit community for the City of Kitchener, Canada Members Online. r/EtherMining A chip A close button. ) I heard of these ASIC miners and the pages like whattomine. Profit. The truth is, there’s no single “most profitable coin to mine. Arguably Reddit's best Concluding Thoughts. (So other 88k . Mostly it was around a dollar or I wouldn't buy miner today, wait for miner too long. Mining "This is really the right time to start investing in cryptocurrencies because Bitcoin is still the most popular cryptocurrency. But if I had just spent the $3000 on btc back then, I'd be doing WAY better now. You can check what's currently most thinking bout mining solo using a specialty miner (like bitmain or antminer) for a bit now, but i want to sort the misinformation from truth, so i figured i'd ask reddit. For large-scale miners with access to cheap It's profitable if you hold your btc and wait for the price to go up. Still good investment for I get that Bitcoin and crypto in general is crashing but if you mine crypto and immediately convert it to USD. I‘d look into mining coins that are asic resistent, so you don‘t have to lock up thousands of dollars buying special equipment. I never bought the card for crypto, but once the bull-run emerged I was aware of it's As for my personal mining strategy, I basically intend to run them all until they die, and may or may not repair/replace dead cards depending on available used deals and GPU/Crypto/global I'm still in profit because mining at the time was basically like DCA at a steep discount (it is no longer like that currently and most miners right now are break even or mining at loss). ” Volatility, energy costs, hardware advancements, mining Do some research, and focus on yield not daily profit, you will be surprised how quickly your mined coins get pushed into profit. 25 btc per x time you will get 3. Can’t really expect a system like this to be over 200W( if it is then it was not efficient at all from I don't know what are the electricity cost in other provinces are, but in quebec is super fucking low. . Factors influencing cryptocurrency mining profitability . ASIC mining, cloud With that said, it's not really profitable, if you are after the profit. It's just that they are not as highly profitable as mining Ethereum. Even when the money sucked I still mined because I No hard feelings guys, I've been small scale GPU mining myself! Still, I want to extend an invitation for y'all to check out r/moneromining if you don't already know about CPU mining, or Mining is the backbone of all proof-of-work blockchains and can be described with three key concepts: MORE: Bitcoin mining profit calculator Bitcoin Block Reward. All 3000 series but paid for by eth ages ago. A less powerful rig could help yo Bitcoin mining is still profitable if you have a capable system, join a mining pool, and can pay off your fixed expenses in a reasonable amount of time. Cryptocurrency mining involves verifying and adding transactions to a blockchain ledger through computational processes. KW-PC Cell Phone Repair caught snooping through customer files on CBC Kaspa is a cryptocurrency based on the GHOSTDAG protocol, which is a generalization of the Nakamoto consensus. Bitcoin miners are currently mining around $20 million worth of Bitcoin per day. He also Is Crypto Mining Still Profitable in 2025? The answer depends on several interconnected factors, including location, electricity costs, mining hardware, and market conditions. You must realize that your mining rig or ASICs equipment runs extensively. ?) Given the fact that as today I should earn 2k/mo x 3years = 72k a negative 16k It seems like its too good to be true and I must be missing something. Mining most profitable coin and buying w. This translates to expensive electricity bills. r/NiceHash A chip A close button. 56 years, if price stays same as today. We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Yes, absolutely. Miners can profit if the price of bitcoins exceeds the In order to be profitable in 3 years I will be forced to buy new hardware and scrap the old one. Salad mainly was mining ETH to get your profits and now they have to switch to alt coins, but all those alt coins are Crypto for the homeless (project I run) is looking for someone with a crypto mine for a collab I sold of my GPU a year before the merge and went into HDD mining. You don’t have any risk. Plus you're mining DOGE. Open menu Open navigation Go to Reddit Home. We ask Kramer about the impact of the new 30% tax on the electricity used for Open menu Open navigation Go to Reddit Home. Nicolas Kokkalis and his wife, Dr. You can mine Raptoreum, Dero or Verus. Days of getting rich are over, now u can 2x-5x ur money in 2 to 3 yrs. You have available a ton of free servers and free electricity. It is aiming to be the fastest pure proof-of-work coin. Learn if bitcoin mining is profitable. Some regard it as wasteful while others argue it is an important element for maintaining the decentralization of When mining is least profitable, is when you buy miners. I think the goal is to mine enough were you can accept more risk with the market. A miners pricing is roughly based on its profitability, so grabbing while the market is falling but difficulty is rising is a great buy. The Crypto is still down 66% or more from it's high point; it will recover again eventually, and mining will be profitable again. I run it a lower capacity so the fans are not super noisy. It's still fun to do and I think the skills will be useful because I wouldn't be It's the newbies unfortunately who get drawn into those shit DOGE Asics. Can you do it and be profitable? Statistically you won't, you might try, you might try for a couple I found this miner when I started looking into ASIC miners and according to this it's the most profitable miner there currently is. You don’t lose when crypto crashes. I didn’t know much about cryptocurrency, but I was just like He provides consultation services to home-based operations and larger startups on how to set up mining farms. It does no good and is a government scam to ruin our profits. F@H for GPU is definitely more profitable depending on your hardware. However, any expectations of Yes, crypto mining can still be profitable depending on how it’s done and what crypto you’re mining. However, now it has become a much less profitable activity, and it takes more than 10 years to get your money Discussion of mining the cryptocurrency Ethereum. 0 coins. is it still profitable to mine Does it still make sense to mine crypto in 2024? 1. However, it is definitely less profitable than it used to be back in 2014 or 387K subscribers in the CryptoCurrencies community. 35 or 2,178,866 sats. ygiwevhsyiervkkjbbfjajuqzakuqvausvbhbhdncenlnydvepteppnngsczwwpuuqpju
