Have you ever mined any crypto? Was it profitable?

Havent tried it but a friend of mined did it with Pi and to be honest at the early stages i was mocking him cause i thought it was just mining thin air.
But after coin launched he sold for somehow a big bag.

But in general this happens once in a moon i think, most stories i have hears are not profitable at all.
Maybe sometimes where electricity costs are low if you are living in one of those countries
 
Using my own computer to mine monero with minergate before they shutdown, it was profitable since in my area electric still cheap
 
Some of the crypto coins even allowed mining on phones. Have you ever mined ang crypto coin? Was it profitable?
I did mining xmr for some time when young.

I did plan build a botnet to do that in largue scale but I give up.

Dont worth have millions in XMR while stay in jail.
 
I did mining xmr for some time when young.

I did plan build a botnet to do that in largue scale but I give up.

Dont worth have millions in XMR while stay in jail.

Lol I installed rat on internet cafes around my house back then, have quite a lot of $$ when i was young
 
Some of the crypto coins even allowed mining on phones. Have you ever mined ang crypto coin? Was it profitable?
I have mined verus coin with verus miner on my cellphone . I also used to stake different coins because they grow depending on your portfolio. Mining generally is not very profitable because you are wearing the phone or the computer that you're mining from.
 
Another major cost factor is energy consumption, which makes mining more difficult in most Western countries unless you invest heavily in solar panels.
 
Another major cost factor is energy consumption, which makes mining more difficult in most Western countries unless you invest heavily in solar panels.

There's power consumption calculators like coinwarz. It tells you almost exactly what you'll make.
 
I’ve dabbled in it, but honestly, it’s rarely worth the electricity unless you’re running a serious rig. Those phone apps are mostly just a waste of battery and time if you ask me
 
Hasn’t been profitable since about a decade ago, it’s not worth looking into unless you have crazy hardware (CPU/GPUs) laying around in combination with extremely cheap electricity.
 
yeah I’ve mined in the early days. back then it was actually profitable because difficulty was low and most people weren’t even aware of mining. once it scaled up, margins basically disappeared unless you had serious hardware or cheap electricity
 
Mining is tough without cheap electricity. These days I prefer focusing on dev projects and taking payments in USDT/BTC directly
 
When you guys say unprofitable, do you mean that in the accounting or opportunity cost sense?

Because that's two very different things, depending on who is looking at it.
 
Tried it a while ago. Was profitable back then, but now with electricity costs and difficulty, not really worth it unless you have cheap power.
 
In the last decade, not profitable at all due to rising hardware & energy costs. I used to GPU mine back in the day, especially ETH before it went from POW to POS.
 
Forget about mining popular cryptocurrencies. I have a stack of 30 laptops that I tried mining on. These "crocodiles" consumed so much electricity, far more than they ever earned anything substantial.

The only way it could work is if someone gifts you a phone farm and you don’t have to pay for electricity — but I think that only happens in fairy tales.

The only viable methods today are:

  1. Mining some little-known tokens and hoping they’ll rise in value.
  2. Mining on servers. The forum rules forbid going into detail; I’ll only say it can be profitable in a sense, BUT only if you use certain tricks to avoid paying the full server rental cost (I am not encouraging breaking the law in any way. My information is for educational purposes only). Providers are very smart, and your server might last from 1 day to 1 month.
A new type of retail has emerged in crypto — not just smart retail. This is an audience evolving alongside the market. In 2025–2026, simply clicking buttons no longer works. You need to see patterns, know how to work on-chain, understand economics, analyze competition and ROI, automate some processes, and simultaneously keep in mind counterparty and contract risks.

The market is getting tougher and more complex — but in a way, that’s not a downside, it’s a filter. The higher the knowledge and skill barrier to entry, the fewer random people are competing for real life-changing opportunities.

I hope the moderators forgive this digression from the topic of this post, but I find it useful to mention:
With the arrival of new laws and regulations, the crypto market is becoming the new financial system 2.0.
If you’re interested, read about MiCa, Travel Rule, CARF, DAC8.
This is especially relevant for those living in Europe — I recommend reviewing this material.
Why am I saying this? Because if you used to earn and didn’t pay taxes, now you’ll have to share your profits with the tax office.
I mined also into the beginning but now the ones who mine crypto have specialized equipment they are not just a bunch of kids with a pc and they choose very well how to get the electricity so is not possible to compete with them and make a reasonable profit. BTW about your post i see you specify about the regulations and reporting standard. Did you know if this will affect the earning from the non kyc platforms where you can staking coins? These i believe are not reportable for now at least.
 
Asic miners pulls high rate electricity consumption, and miners rewards are not suitable these days to balance the sheet. Mining is a hard part of generating money through crypto.
 
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