Post
Topic
Board Mining (Altcoins)
Re: Mining , still worth it?
by
MiningPoolGroup
on 28/03/2018, 21:09:21 UTC
I’m not really sure if mining is worth it at the moment since the crypto market is significantly down.  It’s almost better if you just buy the coins at market prices.  If you buy equipment now to mine, it might take you a couple years to get the return on your investment.  That’s at market prices and if it doesn’t drop even more. 

It all depends on who you are and how you are doing things... I don't sell a single coin that I mine and I can afford to pay the electricity out of pocket. Buying ccrypto directly is far riskier than buying equipment that has value and worst comes to worst you can recoup some costs by selling the equipment.

This all day.  You have to get creative sometimes if you are wanting to turn a higher profit.  I mine some scrypt coin for profit with L3.   I can make 10-20 bucks a day doing something like TIPS/DOGE then DOGE/LTC . 

I just cashed in 3 million to get 60 bucks doing that exact scenario as above.  Electric cost was less than 5 dollars for 24 hours.