Quote from: adaseb on April 27, 2020, 05:16:30 AM

Quote from: map_ua on April 27, 2020, 04:59:15 AM

Quote from: Kodaman on April 17, 2020, 03:31:41 PM

Mining is currently dead. Better to save up your energy..

i dont agree.

its more like every other thing. on start everybody is in same boat and have same options.
as time go, things are consolidating around big funds/corporations.

mining is still super good bussiness, but not for single enteties.
You need good connections to sellers of hardware, to developers of software.

Basically the reason why everyone is in the same boat is the same reason why its unprofitable to mine. If nobody was mining then it would be very profitable to mine. I remember back in 2016 right after ETH topped at like $20 and started to drop due to DAO hack, mining was being very unprofitable. However you still made like $2/per gpu/day. And right before this people were pulling in like $5/gpu/day. Then eventually 2017 started and you all know what happened right after.

So at the end of 2016 the price wasn't the greatest however there was still profit to be made, why? Because not as much people as today were mining. Now its very difficult because the FOMO we got in 2017-2018 made many people discover mining and how its "free money" and hence why the difficulty is so high and basically nobody makes any money anymore.

Mining is dead for the single home miner if they're lazy, if you look into it, get creative and are willing to put up higher initial cost you're mining at a profit even with realistic power cost.