Mining Monero in 2018 is a very popular topic for the year 2018 as difficulty was very less until early 2017. Many miners have attacked this network since then difficulty has been arised to 51,871,981,853.00000000. We have seen a boom in difficulty from the month of December.
Lets talk about change in Price of Monero
According to CoinMarketCapital.com, monero is currently trading at $94.74 USD and it was highest ever recorded at $375 on March 5, 2018.
Mining Monero is not profitable for you if you can’t wait for 6 to 12 months untill market gets bullish. There is a lot more than money, you can learn how a Cryptocurrencies network works and get a chance to secure most advanced systments. If monero is not profitable to you there are lot more profitable cryptocurrencies out there which can be mined and working on POW systems.
Monero can be only profitable if other big networks such as Ethereum doesn’t shift to Proof-of-stake. Which is not possible because Ethereum is going to implement its Casper update soon in favor of the Proof-of-Stake protocol. This may result into mass miners adoption to Cryptonight and Equishash coins. Since cryptonight ASIC machines are out there such as Antminer X3 (220Kh) from Bitmain mining CryptoNight algorithm with a maximum hashrate of 220kh/s for a power consumption of 465W at price of $1,645.00. So, it might be impossible to make money through GPU mining.
Profits are in your brain if you invest properly in your brain, I am sure some day you will get good ROI. In my opinion you should start mining with GPU then purchasing ASIC machines for a particular algorithm. Enjoy mining each and every coin you like, HODL and make profits.