I'm a noob in the mining world, I just started about a month ago and it's been a hell of a process. Trying to find GPUs, motherboards, PSUs has been a hell of ride. Sometimes I wonder why I ever bothered to start. Apart from paying over MRSP for pretty much everything, I have spent countless hours learning and troubleshooting my rig.
But I never really have questioned whether or not it is profitable, because from I come from electricity is only $0.12 a kWH and I live in Canada. Even if prices are dropping and continue to drop, I make money. So on a 6 card GTX 1080 Ti I pay about $120 or so in electricity a month. And mining right now pays far, far more than that. If it drops to a really low point, then I'll just hold the coins and sell them later when it goes back up.
I have spent close to $7500 on this 'hobby' so far and as frustrating as it has been, it's also been a great learning process for me and most of the time I do find it fun. I certainly do not rely on this to make a lot of money. Please help me if I do. I do it to make some passive side money and also to learn more about cryptocurrency because I think it is here to stay for good and within 5 years will really start making its way to more mainstream services and products.
I see people complaining about ROI times at > 8 months and I just laugh. I would very happy if my ROI paid back in a year. Do you know many investments that do that?