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RE: Does Mining Cryptocurrencies in 2018 Make Sense? Is it Profitable?

in #crypto6 years ago

I mean it is possible to have a mining rig pay for itself + taxes by year end. That's the ultimate goal of course! That is part of our big question right now, which is, if it's worth taking the plunge overall?

At this stage in the game to see any notable results you would probably need to have some start up capital. With mining going mainstream it's going to be hard to compete in the space without good hardware. We are also going to continue to see the competition increasing. Unfortunately for existing GPU miners to stay competitive moving forward they will have to continue to add to their mining operations!

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