Have you ever mined any crypto? Was it profitable?

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There are other coins and tokens to mine by smartphone better than pi network
 
I tried mobile mining before, but honestly the profit was tiny compared to battery drain and heat. Most phone “mining” apps today are more like reward systems than real mining. GPU or ASIC setups are still the only serious option if electricity costs are low.
 
around 12 years back there were a huge bunch of people in my city who invested in mining equipment and were making profits. But over time costs increased and yield decreased.

In todays' time it has to be at scale to make profit. Efficiency of the mining equipment is what can make profit in such setup!

Small time mining cant sustain stable profits!
 
Mining cryptocurrencies on your phone is now almost unprofitable, only causing your phone to overheat and drain the battery. Many apps are more focused on referrals than actual mining, so they're mainly for playing around or hunting for airdrops.
 
No, I’ve never done it, but I follow some miners on YouTube, and without exception, they all say that this business isn’t profitable anymore because it doesn’t cover the energy costs.
 
Hasn’t been profitable for a while now considering the huge mark-up in price for both hardware and energy costs. You can still get away with mining some BTC if you’re heavy into solar panels, but the ASIC miners are pretty expensive these days.
 
I guess crypto mining is pointless. By the time you recoup the cost of the equipment, the money spent on it becomes worthless, and something new comes out of it.
 
I used to mine when ETH was still a “Proof of Work” chain, used to have a couple of rigs with GPUs running around the clock. Sadly though they changed to a Proof of Stake chain and I couldn’t really find an alternative to mine with decent ROI.
 
I made significant profits from chia mining, but I stopped when Google's measures made hosting difficult.
 
not profitable unless you live in a country where electricity cost is dirt cheap
also you need expensive gpu
 
I don’t mine crypto myself, but profitability depends on electricity costs, hardware efficiency, and market conditions.
 
lotsofmoney said:
Some of the crypto coins even allowed mining on phones. Have you ever mined ang crypto coin? Was it profitable?
Click to expand...
LOL Mining cryptocurrency on a phone or computer isn't very profitable and is very time-consuming. I advise you to abandon that idea. The era of cryptocurrency mining on mobile phones is over.
 
Yes and it's very profitable if done correctly. it's 100% about electricity cost and the right connections. Got something big the way for you guys.
 
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