Is crypto mining still profitable in 2024?

[natsuko]

I'm new to the crypto world and thinking about starting mining. Given the recent market shifts, is it still profitable in 2024? What should beginners like me expect?

 

[V]

Keep in mind that profitability in crypto mining can take time, especially if you're just starting out. Unless you have a solid setup with multiple miners, it's unlikely you'll see profits immediately. It's important to be prepared for the initial investment and the time it takes to break even.

 

[rodmarb2b]

I see various YT channels showing their earnings with mining.
You need to select well the coin you will mine and research what machine to buy.
They earn money.

 

[Jimmy Epperson]

I wouldn't recommend it unless you already have a lot of mining machines. Many income demonstrations are designed to attract people and sell them mining hardware.

 

[user10364]

I'd start by checking your electricity costs and use a site like this to estimate profitability

https://whattomine.com/asics

Taking into account the cost of the ASICs as well, and any infrastructure needs

 

[Nikolaos]

I'm new to the crypto world and thinking about starting mining. Given the recent market shifts, is it still profitable in 2024? What should beginners like me expect?

You should always keep in mind electricity costs. They are what makes you profitable or not. If you've got free electricity (for example solar panels on your home) then making crypto with mining is all profit.

 

[Cloaked Gambler]

No

 

[savitaprasad]

I'm new to the crypto world and thinking about starting mining. Given the recent market shifts, is it still profitable in 2024? What should beginners like me expect?

Do not expect profit in short term. But if you mine and hold for long term, it can be very profitable.

 

[Anaprincekhan]

I m also planng to start . I have free electricity so i m planning to buy s19 90 th. To get good roi

 

[hanny999]

I'm new to the crypto world and thinking about starting mining. Given the recent market shifts, is it still profitable in 2024? What should beginners like me expect?

First you need a good amount of money to buy mining equipment. If you want to mine fundamental coins, you will also need a lot of time. I prefer making farms based on airdrop projects. for example, recently there was a listing of grass that could be mined directly in the browser, such projects are now on the Internet, you just need to search

 

[CreditStore]

I'm new to the crypto world and thinking about starting mining. Given the recent market shifts, is it still profitable in 2024? What should beginners like me expect?

maybe not

 

[Crytononame]

I'm new to the crypto world and thinking about starting mining. Given the recent market shifts, is it still profitable in 2024? What should beginners like me expect?

Who told you mining was profitable in 2023 or 2024?

 

[Walter9988]

No, mining is loss business now

 

[doctorjones]

Not unless you have 1,000 miners going with stolen electricity, mining hasn't been a good idea for 4-5 years now

 

[Albertkh]

I have free electricity. I'll try and share the result

 

[doctorlee]

Mining crypto hasn't been a profitable venture for 4 or 5 years now, the only people doing it have thousands of miners and have cheaper electricity than most of us have access to.