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RE: Is mining still profitable?

in LeoFinance5 years ago

Good write up. For people in India, it is a bit costly. Before 4 years it was one of the biggest things. I know a few friends who got benefitted by that.

A few months back I tried exploring mining options from India and it was not profitable. I recent mining experience was Koinos which also ended up in loss by drinking my ETH for gas fees. So far it has not been a great experience. But I'm not sure about the cloud options. Maybe it is profitable. !wine

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Thanks for the compliment. It's not only in India a bit costly. Here in the Netherlands it's very costly too. And I think it still could be profitable, but only when you have all the right equipment, so you can compete with the big bosses. And yeah, well, that's not for everyone.

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