Crypto Mining on 1000's servers? Profitable?

[User7]

does anyone manage to profit from crypto mining on 1000's of servers?

 

[Xen0v]

Depends on what kind of servers, is it VDS or dedicated servers?
If it's dedicated servers it's much more profitable to rent them out. If it hacked then maybe.
I was mining about a year ago on 200 servers, was making around 15-20$ a day, not profitable honestly.
Mining isn't as profitable now as it used to be, but you can still make something.

 

[alurosu]

Don't mine, it's not worth it anymore

 

[bobblack225]

Not at all. If they’re cloud vps machines then the cloud will detect this and shut them down.

If they’re your machines you’ll burn through more electricity than you’ll make back mining. You’ll be better off renting them out.

Either way wouldn’t recommend it

 

[pennyweight]

Not optional.
Cloud Mining works as an Idea on "Share/Decentralized" Where people lend you there power but eventually they are losing and buying crypto in an expensive price.

 

[bluerock]

Don't mine, it's not worth it anymore

It's defiantly worth it if mining with real hardware and cheap electricity cost. and the right mining pool difficulty.

 

[chalaboot]

In my opinion, at the current state of the crypto market, mining under those conditions is unlikely to be profitable. In fact, it could even result in significant losses.

 

[alurosu]

It's defiantly worth it if mining with real hardware and cheap electricity cost. and the right mining pool difficulty.

Even if you find free electricity (which i doubt), you still have to get your investment back. How much money you make a month? Let's do the math

 

[bluerock]

Even if you find free electricity (which i doubt), you still have to get your investment back. How much money you make a month? Let's do the math

No disrespect but ive already done the math and the crypto ive selected gives big gains back on a daily to monthly basis should be able to recoup. in 5-6 months easy. ill give you a hint it isnt bitcoin lmfao.

 

[alurosu]

basis should be able to recoup. in 5-6 months easy

If the price of your token stays the same, if difficulty stays the same. Isn't it better if you put all the money in the token itself? Anyway, good luck, you'll need it

 

[bluerock]

If the price of your token stays the same, if difficulty stays the same. Isn't it better if you put all the money in the token itself? Anyway, good luck, you'll need it

difficulty wont be a issue for the first 1-2 year minimum as ill have the top mining equipment for this specific crypto. As far as going for the token itself no it wouldn't make nearly the same gains im not running a small scale mining rig its going to be a lot of them so you can imagine the monthly influx of profit wont be small hence why I have stated I can break even faster than you'd think. The crypto im going for has been very stable in its lifetime so far so lets hope it stays that way I dont need it to go up or anything to break even and even profit. Thanks for the luck.

 

[Nikolaos]

It's defiantly worth it if mining with real hardware and cheap electricity cost. and the right mining pool difficulty.

By real hardware do you mean ASICs or graphics cards? Define cheap electricity because it depends on (what country) where you live.

 

[bluerock]

By real hardware do you mean ASICs or graphics cards? Define cheap electricity because it depends on (what country) where you live.

yes the top ASIC for this coin. Cheap electricity as in 10 times cheaper than any western country thats what I can say.

 

[LionAgency]

In my opinion, cryptocurrency mining is no longer profitable under current market conditions. For most people, the costs of hardware, electricity, and maintenance outweigh the potential returns.

 

[sculinin]

does anyone manage to profit from crypto mining on 1000's of servers?

It’d purely depend on the hardware of those servers, generally speaking mining isn’t as profitable as it was back in the day due to current energy costs.

 

[hbar19]

Bro always try to get rough estimate writing everything on paper.
How much people are making money by mining. What charges of electricity is it per unit in my area. Is anybody else doing in my area. Whether it will be a wise decision to have alot of one time money investing on hardware cost. Consult with other people or family members who will give you real helpful advice.

 

[Campaigns By Mike]

if we are talking CPU servers here, mining monero or whatever is a waste of time. even with zero electricity costs the wear and tear or detection on cloud setups makes it pointless. if you really have that kind of infrastructure you are much better off renting them out as proxy exit nodes or selling VPS slices. way more margin there and less headache than trying to squeeze pennies out of cpu mining...

 

[maserge]

Depends on the location of the servers (cheap electricity available?). Generally id say the era of making decent ROI with mining is over, you need specialized hardware like ASIC rigs.

 

[nzzmul]

Only if you have cheap energy and equipment.

 

[Jommo]

I think mining cryptocurrency across thousands of servers would not be profitable. The operating costs are extremely high, while current coin prices remain relatively low.