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Title: ETH Mining Profits to dry up in Dec. Post by: Kainzo on June 10, 2017, 06:48:14 AM http://www.mycryptobuddy.com/EthereumMiningCalculator
Am I wrong? It looks like the difficulty increase won't yield profitability unless the ETH price literally doubles. I was investing in SEVERAL rigs, I'm already thousands in... is the risk too much? ETC as an alternative also has the same curve. Feeling sick seeing this.. only 6 months left of "good" mining. Title: Re: ETH Mining Profits to dry up in Dec. Post by: Herbert2020 on June 10, 2017, 07:26:42 AM both these chains will have the same problem because this thing called the ethereum difficulty bomb was inserted in the code in early stages to plan for times like this. it is there to increase the difficuly slower at first but a lot as time goes by and bigger when casper was released (the switch to POS) and death of mining practically.
there is a valid concern among miners specially at this time that we are seeing the difficulty rise. so if you already have miners then enjoy the profit but i don't think investing in new ones to mine ethereum is such a good plan. good news is that change is a hard fork and may cause another split like before and you can end up with two sets of coin, even if the other chain lasts for a short time you may be able to dump it for additional profit. Title: Re: ETH Mining Profits to dry up in Dec. Post by: scribbles on June 10, 2017, 12:28:13 PM There is more than Ether and BTC though...
So I'm not stressed at all. The bubble of this moment though, of course it will pop. Heck, I'm even hoping it does sooner than later. Times where Mooncoin, LiteDoge or BitBean rise to record heights? Give me a break! Title: Re: ETH Mining Profits to dry up in Dec. Post by: Emoclaw on June 10, 2017, 01:11:59 PM both these chains will have the same problem because this thing called the ethereum difficulty bomb was inserted in the code in early stages to plan for times like this. it is there to increase the difficuly slower at first but a lot as time goes by and bigger when casper was released (the switch to POS) and death of mining practically. You will still get ROI if you buy an RX 580 right now and mine ETH (or any of the most popular coins for that matter).there is a valid concern among miners specially at this time that we are seeing the difficulty rise. so if you already have miners then enjoy the profit but i don't think investing in new ones to mine ethereum is such a good plan. good news is that change is a hard fork and may cause another split like before and you can end up with two sets of coin, even if the other chain lasts for a short time you may be able to dump it for additional profit. You can sell that RX 580 later and buy Vega and you'll come out with a profit. But there are a few other coins to mine which are profitable as well, such as ZEC/ZCL, which work quite well on Nvidia cards too. It's not all about ETH. Title: Re: ETH Mining Profits to dry up in Dec. Post by: Clement Kaliyar on June 10, 2017, 03:24:05 PM I am not sure how these things can be summed up because i have not invested in mining,i am against spending money resource and energy for mining as i think is a total waste of energy,i am more than happy to purchase the coins than mining ,ROI is not possible with increase in difficulty and expect the difficulty to increase every now and then.
Title: Re: ETH Mining Profits to dry up in Dec. Post by: YIz on June 10, 2017, 03:27:09 PM The ROI is short enough to buy cards now and see what happens later, mining other currencies will always be possible.
Title: Re: ETH Mining Profits to dry up in Dec. Post by: nominee on June 10, 2017, 03:44:05 PM People always say mining is about to end in XX date since 2013. 4 years after all, nothing got any worse and it's still profitable. Remember this.
Title: Re: ETH Mining Profits to dry up in Dec. Post by: 25hashcoin on June 10, 2017, 04:13:25 PM ETC mining will be much more profitable by then.
Title: Re: ETH Mining Profits to dry up in Dec. Post by: achie1984 on June 10, 2017, 04:21:26 PM ETC mining will be much more profitable by then. as long as there is coins that can be mine there will be no stopping for miners it will only get bigger and bigger miners gonna come digging that coins Title: Re: ETH Mining Profits to dry up in Dec. Post by: aguila on June 10, 2017, 04:24:44 PM People always same this about mined coins, and they end up mining it anyways. I think Ethereum have an ace under the sleeve to make miners happier
Title: Re: ETH Mining Profits to dry up in Dec. Post by: jmigdlc99 on June 10, 2017, 04:27:58 PM Aside from the fact that the price of ETH will sure moon when the time comes, its not all about ETH. There are many other mineable coins like ZEC that will be there. 6 months to December is enough time to ROI on GPUs. If all else fails, you can still sell them off in december and still profit.
Title: Re: ETH Mining Profits to dry up in Dec. Post by: Ayers on June 10, 2017, 04:52:23 PM http://www.mycryptobuddy.com/EthereumMiningCalculator Am I wrong? It looks like the difficulty increase won't yield profitability unless the ETH price literally doubles. I was investing in SEVERAL rigs, I'm already thousands in... is the risk too much? ETC as an alternative also has the same curve. Feeling sick seeing this.. only 6 months left of "good" mining. you really invested in thousands rig are you seirous lol? i don't believe this, but anyway ETh can still double again in 6 month, when ETh was at 1/3 of the current value none was believing that it could reach 0.1 btc one day, so why not 0.2 in 6 months? |