Post
Topic
Board Altcoin Discussion
Re: Will mining be profitable again?
by
mikelsmith2020
on 31/05/2019, 09:14:48 UTC
Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?
The concept of mining is to gather bitcoins as much as possible with the hashes you have and sell it when the price pumps again but if you rely on the circulation of your money for example mining bitcoin and selling it just to pay for the electricity bills I think this is not the right time to do that. That's why mining is a very expensive type of investment to earn bitcoin or cryptocurrency.