mining is profitable?

[Johdw]

My suggestion is not mining this time. Because Bitcoin has fell down the break even point of mining. That point is about 6,000$ for miner to equal all profit and cost

[Areding]

For me, the extraction of a crypt is not entirely relevant due to the fact that I am not a technical person. Building a farm and caring for her is problematic for me. Cloud mining is another matter.

[AdamLu]

For now there’s no or less profit from mining because of the difficult is increasing every day and with big miner organizations, we can’t compare to them

[Rigby]

As I remember the price of Bitcoin for break even is 6,200$. And now with the dump to 4,000$ at current, it's truly that mining can't cover the electric bill and give us profit anymore

[AdamLu]

When Bitcoin fell down 6,000$, there’s no profit in mining anymore unless you have free power. Nowadays more and more miners have left their job and sell their rig at very cheap price

[Grypsy]

Nowadays even the difficult is decreasing but stll not profit anymore and more miners have to shutdown their rig becauof that. Only the big organizations miners are still trying to stand still in this bear market

[WarrenBarren]

It depends on a lot of factors, so it is almost down to each of the individuals to work out IF it’s profitable or not. But otherwise, this is not the easiest of things.

To start this all up, we require PROPER guidance and only then we will find it profitable, especially for beginners. BTC mining is not exactly so simple, so that’s why you need to really understand it and only then it is possible to get it working right for benefits.

[Grypsy]

At the moment mining is not profit anymore. More and more miners have shutdown their rig now because they can’t cover the electric bill and the market keep bleeding everyday

[NguyenTuan]

For now I would suggest not to mine anymore because the price keep falling like that can’t help us to cover the electric bill. Niw only the big organizations miners are still mining and hold their coin, all of small individuals miners are quitting now

[khufuking]

I see that the topic is a bit little old but back then mining was hardly profitable and now it is not profitable at all, the only good mining now is the mining with intention of holding but if you are looking for liquidation then do not start mining now, you will hardly breakeven.

[josephabad23]

Is it advisable to start mining Crypto currency?

It depends on your status and place. If you can use solar then it is profitable but if you use normal electricity, its not.

[Barb]

If you have a free resource of power then you can start mining and hold your mined coin wait for a better market to sell. If you have to pay for power consume, then the answer is no my friend

[Dprincebh]

I wouldn't advise you to mine now because you will suffer a great loss. Wait for the bullish market and start mining

[717]

Even i agree that this wont be the right time to start mining until you have some powerful miners with high Mh/s.

[nikituz]

Not now, but if Bitcoin gets in the price. That mining will be profitable