Is it actually profitable to mine still if I haven’t started yet? I’ll dump paychecks into this if it is
Short answer, Yes it is.
Yes it is. But don’t spend money you cannot live without. I am a hobby miner (new term I made up lol).
I have 2 PC’s and mine regularly, my electric is paid for so that isn’t a worry. I don’t break the bank with rewards but my daily $9 has been a steady hobby to learn the space, while making a little money on the side. At this point I am not rich from Mining nor did I believe I would ever be. However I have about $1K in Bitcoin and ETH and I have enjoyed learning along the way. So if you are new, my advice is to do your research, find what is best for your financial situation and make a move if it is right for you. Don’t dump paychecks into this if you cannot risk the loss. Just my 2 cents.
It is, but it’s unlikely to make you a ton of money. It’s better to treat it as a hobby, as stated in the post above. You can make a few extra bucks a week over electricity, but it’ll take a while to pay back the equipment costs. It’s also highly dependent on your electric rate, so if you have a high rate - it may not be worth your time.
How long have you been mining? You think you could mine the 32 eth before pos hits?
I have a 1.5 GH farm in my spare bedroom. I mine about .1 eth perday. Roughly 3 Ethereum a month. It can be incredibly profitable. However, if you do not already have the equipment it might be risky to invest knowing Eth is going to go POS.
From what I’ve seen they are about halfway from having enough stake to flip it
you probably have a year maybe more to mine ETH, but again this is a guess. We don’t know when mining will be stopped yet. And even then you have other coins you can mine, ETC, RVN etc.
personally I have been mining as a hobby for 6 months and mined about $2.5K USD in coins. I traded a lot from ETH and BTC to ADA, ALGO, ATOM for POS rewards to mix up my portfolio.