Not profitable at all you say? I have a mixed rig of 6x 1060 and 2x 1080 mining ZEN that makes $8.50 in profit per day net of electric costs of $0.12US/kw-h.

Granted, it's not nearly as good as it was back in January when I was bringing in nearly 3x that amount, but a profit is a profit.

I have another rig (incomplete due to GPU shortage) of 4x RX 560 that makes about $2 in net profit mining MUSIC.

And a motley collection of CPUs and an RX 570 mining ITNS that may or may not be profitable, but I don't really care because I am waiting for more progress on their VPN.

So, yeah, mining is still profitable, just not "throw a dart at any shitcoin and go" profitable.

I have a mining rig running by myself. And i can just tell everybody, the most coins are not profitable when you have no free electricity. And the only way you can do it, is to mine a coin which you think it has potential to grow in future. So when you are lucky andhit the right coin you can make good profit.

A number of requirements will be submitted to the mining process, including the registration of entities carrying out such activities and the procedure for their taxation. What kind of tax will the miners charge - at the moment it is unknown.

The presidential administration set that tokens have the same nature as securities.
What about crypto rubles - It cannot be mined, it will not be anonymous, and in general the whole system will not be decentralized.

All depends on your expectations and when your GPUs were bought. 6 1080 Tis still mine over $10 a day, that is plenty profitable to me. However, all of my 1080 Tis were bought last year for below $750 each and 1070s for $334 or less. They paid them over several times already, anything they make at this point is easy free money. To me, mining is worth it.

At the moment: I'd say no.
However it may be profitable again as soon as the market recovers.

Most likely, Russia will soon legalize the cryptocurrency.

Let me draw it out in crayola for you.  You mine... You mine coins of whatever altcoin.  You hold until value goes up.  You then sell when the value exceeds what it cost you to mine.  Its not really difficult amateur.  And whats this "funny boy" crap? Im a grown man (47 next month).  You seem to be the one with the mind of a kid and the financial experience of a 5yr old.  You need to do some more reading across the net and comprehend what you read and learn from it.

This bill may have a positive impact on cryptocurrencies, but unfortunately it is unlikely that this bill will be able to make something useful within Russia itself.

Excellent news, I hope in all countries the cryptocurrency will begin to legalize. It's time to understand that bitcoin is the future.

Mine is double what his is ... I never shut anything down.  If the OP was paying 25+ cents per kwh, then I can see why he decided to get out.  Shutting rigs down isn't the right thing to do though.  Either keep them running or sell them.  Shutting them down and letting them sit is one of the worst ideas.

If you have to shut down your miner 'cause you aren't making a profit, you are doing something wrong.

I think mining still worth and profitable. Because until to day i always get the coins.
But if your asking about get a lot coins, i think not worth. Because my hashrate not to much as others, so i just get small coins. But the way i still enjoying to mining and the result can be trade at market exchange.
Because of that, i can tell you mining still worth. Not how much we can get but what can we do for the coins.

Even theres no need to check out a crystal ball   We can already presume on mining difficulty and the basic commodity or factors that would really be needed on mining which do increase its price too which would really have a common result which is not really worth of to mine.If you do mine just for hobby then its your choice but you are really totally paying up the expense of electricity or maintenance rather than on making money out of it.

Why would it waste time? A miner is something you configure and leave alone. It mines while you are sleeping ffs.

Doing paid-to-click websites is less profitable because it demands your full attention the whole time. You could have instead spent that time learning a useful skill. Something is seriously off with the way you think. I highly suggest you take time to stop and meditate.

According to Bitcoin Gold's website, at a preset block height, BTG miners will begin to create blocks using the new PoW algorithm, which will lead to the distribution of Bitcoin blockchains. The original Bitcoin blockchain will remain unchanged, but a new branch of the blockchain will be separated from the original chain. The new branch is a unique blockchain. Until the fork, BTG and Bitcoin both have the same transaction records. After the fork occurs, the new blockchain chain is separated from the original Bitcoin blockchain chain. . As a result of this process, a new virtual currency will be born. This new virtual currency is BTG.

The point to a profit - even small - is that it's money you would not have HAD otherwise.

Also, the OP specifically stated "hobby miner".

Dipstick likes to come around every now and then and take his frustrations out on everyone, because he was way too late to the mining game.  Sorry about his luck.

yes, with free electricity, the mining is worth either way. but also with very low costs, it can be worthwhile and you can reach roi in some months.

In the beginning/ mid-March I was tempted to sell my mining rig. Glad I didn't, once again it's producing some nice profit