I have read many articles and blogs about altcoins mining and one thing that I have see as a problem in minining is electricity cost. I also hard how you can mine electroneum using your phone but when I calculated the profits I see that it did not worth it. Now that most coins are down and we must used electricity for minining, I will like to ask if minining is still profitable? And as a miner what are your doing now to make good profits from cryptocurrencies minining?
Electroneum is not worth mining on the phone. It is useless. There are asics that can mine it and even with them it is not worth it.
Mining is profitable if you dont pay for electricity ot you pay next to nothing. In short somebody can mine profitable even in these bad markets.