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At What Point Does Mining Begin to Be Profitable Again?

Discussion in 'CryptoCurrency' started by FistFullOfCash, Apr 15, 2019.

  1. FistFullOfCash

    FistFullOfCash Newbie

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    I was looking at expensive mining equitment months back and the callcenter worker told me after some questioning that it would have to be at $12,000-14,000 for BTC to be profitable beyond electrical costs. That seems a lot to me. Has it changed?

    He said they recommended mining Zcash, but since Ive been monitoring crypto it seems the prices kinda rise and decline with BTC. I wouldnt want to buy used equitment as the graphics cards would probably be worn, right? Those Antminers dont really work anymore for mining too, right? Cloudminings a joke. If prices were to creep back up to $10,000 a coin and you saw it going higher and higher, what would you invest in?

    Would there be any rigs worth buying? I ask because the price has increased recently back beyond the $5000 range. Oddly I dont see much on Craigslist as of now in my locality.

    Im not too knowledgeable on the subject of mining, but I found BTC early on, just missed the boat to invest too many times. Things always seemed to get in the way.
     
  2. bangladejul

    bangladejul Registered Member

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    I have not done any mining in house. But mining should be profitable again when the price will start increase like it was during Dec when there was boom in Bitcoin. The new mining equipment's should be cheaper now as compared to during that time. So you may wanna stack up on it now. Wait till you get some expert advice on this thread!
     
  3. Tom_Hunter

    Tom_Hunter Jr. VIP Jr. VIP Premium Member

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    Depends on the price of your electricity too.
     
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  4. Bagels

    Bagels Newbie

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    Waiting for expert advice
     
  5. DE_GAME

    DE_GAME Regular Member

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    Think you should consider finding a means to earn as little $20 daily online ,invest it into cryptocurrency than mining it unless its a new coin with very little miners. the reward for mining this popular coins aren't worth believe me waste of time. The more popular a coin gets the more miners in the pool the less the reward. I prefer making money online and invest into ICO and other cryptocurrency then to spend huge amount of money to buy powerful mining equipment .
     
  6. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP

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