4.75K viewsMining

Is mining actually still profitable nowadays?

Answered question

Mining profitability is largely dependent on the electricity cost. It is not a get rich quick deal ( unless the coins that you are mining moon in the next few months ). If you are methodical about what you are doing, patient and in for the long term. it will eventually be profitable ( might take months or years depending on the market and your set-up ). Yes I do agree that mining smaller altcoins is a better strategy if you are trying to venture into mining at this point.

Answered question
You are viewing 1 out of 3 answers, click here to view all answers.