Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: loscamos on December 14, 2017, 05:34:25 PM



Title: Noob ETH Mining Questions
Post by: loscamos on December 14, 2017, 05:34:25 PM
Hi everyone, I was interested in buying 5 RX570 for mining ETH. I have free power so this won't be an issue. I have seen using the ETH mining calculator that in 6 month I will make 3000$ but this will be true just if ETH will not be harder to mine in the future. So I was wondering, sooner ETH will move from PoW to PoS, in that case I won't be able to mine anymore ETH. So is it worth to build a mining rig now, mine ETH until is PoW and then maybe mine other currencies? Thanks!


Title: Re: Noob ETH Mining Questions
Post by: loscamos on December 14, 2017, 06:58:36 PM
Is mining btc still profitable?


Title: Re: Noob ETH Mining Questions
Post by: fapar on December 14, 2017, 07:51:04 PM
Is mining btc still profitable?

In the "home" conditions NO. Chinese farms have taken over the mining of bitcoin.
But on the graphics card you can mine other coins - Monero, for example.


Title: Re: Noob ETH Mining Questions
Post by: hashrateorg on December 14, 2017, 09:45:38 PM
Is mining btc still profitable?

It is profitable but only with the latest ASICs. You cannot profitably mine Bitcoin with a GPU. But you can mine other cryptocurrencies with a GPU.


Title: Re: Noob ETH Mining Questions
Post by: loscamos on December 15, 2017, 07:13:57 AM
My main question was if I could get at least a ROI for my rig if I start mining right now. that's what worries me most  ;D


Title: Re: Noob ETH Mining Questions
Post by: rockie on December 15, 2017, 07:25:10 AM
All are risky. But eth move to POS, you can mining others coin ex xmr,zec,dash...  ;D


Title: Re: Noob ETH Mining Questions
Post by: bouldou on December 15, 2017, 07:30:00 AM
If you have free electricity, yes, you should definitely try to mine :)

Even if ETH goes to POS, there will be a lot of other coins to mine, don't worry about that

I also have low-cost electricity, and I bought some refurb R9 290 : it's cheap and really powerful


Title: Re: Noob ETH Mining Questions
Post by: jmigdlc99 on December 15, 2017, 07:50:35 AM
My main question was if I could get at least a ROI for my rig if I start mining right now. that's what worries me most  ;D

Nobody will be able to give you a YES or NO answer because there are so many factors that need to be considered. You may be the best person to answer your question once you are able to compute all your costs, expenses, and projected revenue.

The best I can do to help you is to say, I believe its work the risk.

Unlike investing directly into buying the coins, building a mining rig means you have an asset that will not suddenly disappear. You don't really need 100% ROI when you come to think of it because GPUs will never lose value esp. the newer ones. They have other uses other than mining and gamers will always be there to buy them from you.


Title: Re: Noob ETH Mining Questions
Post by: jorgepucela14 on December 15, 2017, 09:02:59 AM
Is mining btc still profitable?

It is profitable but only with the latest ASICs. You cannot profitably mine Bitcoin with a GPU. But you can mine other cryptocurrencies with a GPU.

You will make faster roi with GPUs