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Hello, I'm thinking about the mining of Ethereum. Is this a profitable business? And how much do I need to invest in hardware?

Website whattomine.com there you can find information about profit and decide how much you want to invest

I would not advise you to start extracting the etherium. Its price has fallen again, and you need a large initial investment.  ;)

Its rate is failing now. But I think it is going up in the future. Ethereum has already shown what is capable at the end of this year

Do not listen to anyone, just do it. The price of the ethereum will grow long and confidently. This crypto currency has a great potential.

let me quote myself again and again and again  ;D


Original topic here (https://bitcointalk.org/index.php?topic=2208927.msg22248565#msg22248565)

If you know how to wait, then try. Maybe you will get some profit in the future. I definitely can not wait that long.  :D

with my rig, I invested 2500$ for 10x GTX 1060 and I'm making around 24$ / day with the current value of ETN. It took me 3 months to be break even so whatever you hear, yes it's profitable but nobody know how long it is going to be profitable. Mining cryptocurrency is bet for the future.

Details of my rig are in my signature. Prices have decreased since I built my rig so you may end up having the same kind of rig for less than 2500$

Thank a lot.  Your answer is quite informative  :)

You can calculate you ETH mining profit on coinwarz... as per my think ETH mining still profitable .. dont look behind just start mining r8 now .. its will boom one day     ;) ;) ;) ;) ;)

You're welcome!
Don't forget to check your electricity cost because that can reduce your profitability. My rig is around 800W but if you choose more power hungry cards, you can rapidly go above 1000W

You will need a large amount of money for good hardware. This investment will be difficult to return with profit, the return will take several years. I do not advise you to mine, better participate in bounty campaigns.

Always profitable, every day ethereum price rising , now ethereum price touch All time high at $1000
Congrats  ;D

For the long time(last half year) it was giving about 5-10% back of the investment, and last month its hiting like 15-20%. so its looking really god for mining.

Right now it is quite profitable, but it is better to see the historical comparison between prices and the difficulty. Also take in mind that the cards doesn't last forever - not that they will brake down but eventually new cards with better hashrate per watt are appearing. So, I would say that we are looking at about taking back the price of hardware in the first year and then start taking profit which will gradually slow down. So if you invest X money in 2-3 years you will make back double the initial investment.

i would rather say first year is  geting back your money from the investment, and all future time will bring arround 100% year. and it would be a very good summary ;)

With undervoltage, underclocked and optimal enviroment there is noway to break down any card. All of my cards are working since the very beggining.

And yes, ETH is profitable however if you dig deeper you will find more profitable coins out there.

Etheruem has shown over time that it can weather the storms of cryptocurrency  challenges.
Looking at the coinmarketcap website, you can easily notice that ethereum is pushing and hobnobbing with the toppers.
Hence, I guess it is should be a profitable venture to mine.

ETH has been profitable to mine for years - IF your power cost was low enough.

 The past 9 months or so the profitabilty has been so much higher that power cost is almost not a factor.

no it is not profitable.  Stay away

I don' t understand why some people keep on saying it's not profitable, especially at the current rates. It's simple math and yes electricity cost is a variable.

With a rig like mine you can get more than 30$/day easily, some days even around 70$ if you can select the right coin (I even made 80$ one day on ZCL). Yes it needs power but not for a cost of 30$/day and if the mined coin increases in value, your profit per day is virtually much bigger. When I started mining I could make 10$/day on ETH, profitability was not very high. Now those same ETH I kept have 5 times more value so it's like I was earning already 50$ / day at that time. If the value continues to go up, it will increase profitability of mined coins even more. At that rate the cost of a mining rig is covered in less than 3 months, add electricity cost, one year electricity might add a month or two.

Of course, there is one easy alternative, you can buy the coin directly :) Buying 2500$ worth of ETH 6 months ago would be around 12000$ today, mining cannot beat this in a fast growing market but once prices will be more stable, mining will be the best alternative.

omg sarcasm.  Plus why add another guy that clearly has no clue if he is asking that question.

He will learn :) one way or another :)

Is there ETH mining that using CPU instead of GPU? ETH cost is now very high and still increasing...

ETH cost US$1300. I think it's possible.

This. It's almost always more profitable just to buy the coins and hodl.

No, CPU mining is obsolete

i think you should try this coin DCY .. it's not famous but have a bright future...
see this video for more information https://www.youtube.com/watch?v=vHYC2OPo8pY

In connection with the announced transition of the ethereum to the algorithm of Proof of Stake (PoS) mining will not be relevant. https://www.influencive.com/ethereums-casper-almost-heres-need-know/ (https://www.influencive.com/ethereums-casper-almost-heres-need-know/)
This will save a lot of electricity. :D

Despite the fact that I like ethereum for mining, for this you need rx 480/580 GPUs, which are best in this job and you'll ROI quickly. But as you see nvidia cards worths much more and ROI on ether is very slow here, if you get 3 month from rx, on nvidia you'll get 5-6. But also consider this fact, nvidia cards are great for mining other altcoins too, now some of them has high prices. Just see on whattomine, with nvidia you can get 25$ pure profit daily + these cards are new and you can sell them anytime at a great price.

If you have amd rig ETH is one of the best to mine.
You can always sell ETH on an exchange platform and buy cheap coins with maybe bigger opportunities for future growth.
Or just hodl.

Yep, This can fundamentally change Ethereum and the mining will become less profitable. I think there is nothing better than the mining of bitcoins now

The right answer is "it depends"
If you are mining ethereum, probably not. If you are renting hash, no.
If you buy a rig there are tons of things to mine, eth being one of them, which eventually you may break even on.

Its not really something that you ought to look at as "is this profitable" but look at it more like - should I convert fiat to crypto in a slow steady stream or in lump sums.

Ultimately the issue with "profitability" is that is assumes static prices, which is absurd for these markets.

Mining bitcoins is not very profitable. I like mining with GPU. You can always switch to more profitable coin. Current GPU few years. Special equipment can produce only one coin and requires constant updates. Now dual mining eth+dcr gives a good return with minimum investment.

uhhh the s9 does about 40$a day what do you mean not profitable.

I have 150 Eth miners,a bunch of zcash and 20 btc and some ltc miners...  BTC MINER is most profitable for a month or2 now.

While I agree if I had to choose one i'd choose a gpu miner for adaptability purposes.

Mining is still profitable, even mining Ethereum as was asked. I think you should look at different subreddits, like /r/ethermining or /r/gpumining. Some like to invest in coins instead, some enjoy the mining aspect.

Mining gives you the possibility to earn coins on an ongoing basis, thereby basically smoothening out price fluctuations. It's almost like a savings plan.

Sure ETH mining can be profitable, but that also depends on your location and the price for electricity. You can find a lot of good material here: https://www.cryptocompare.com/mining/

Half a year ago I was interested in this issue, but then there was no finance, for investment, now when they appeared, I decided to try. Old people ... tell me, is it worth starting now?

As the price of Ethereum hovers around $300, you may be wondering to yourself whether or not it’s worthwhile to begin mining. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time – usually becoming less profitable as the coin matures, So try it with minimalist deposit so you not afraid if fail.

Yes, at the moment, the mining of ethereum is profitable, but they can refuse from mining at all according to information from the latest news. This will change the rules of the market crypto currency.

You can tell how profitable Eth is by how hard it is to buy Amd Gpu's, currently it is next to impossible.

I think that in the future the ethereum will switch to a new protocol of work, which excludes mining. If this happens, the owners of equipment for mining will be very unhappy.

No, everyone will just switch to another currency. Nvidia people will go to NeoScrypt coins and Equihash (Zcash) amd AMD guys (RX cards) will jump ship to other Ethash coins.

Nvidia users will have MUCH more flexibility when it comes to mining other coins whereas AMD RX users are more of a one trick pony for Ethash. AMD RX cards can mine other crpyto, but not nearly as good as Nvidia cards.

Thats why ive got Nvidia only, more efficient, better resale and most important, better flexibility. 

I bought nvidia for the same reason but I would simply add that nvidia is good for most of the coins, it's only that RX cards are a bit better for some coin. You can make decent money with Nvidia on Ethash.

Vitalik Buterin says that ethereum will soon switch to the protocol Proof-of-stake (PoS). This will mean the end of the mining ethereum.  :(

If you think that ethereum is not profitable now, tell me what is better to get on RX cards. I will be very grateful, since I am a newbie and I expect that you will give your helping hand.

That would depend on what RX you have as each one as different hashrates for different algos...as I speak the RX 580 would get you $5.58 profit mining Pirl but only $4.41 profit mining Eth, check whattomine to see whats more profitable on that day :)

Thank you very much, my cards are RX 580 4gb x5. Is that what is Whattomine is profitable? If the coins are not there and they are very profitable?

In my opinion, the ethereum is quite profitable for mining. But in the future, the ethereum ministry will cease to be relevant. At least this is what Vitalik Buterin thinks.

i'm mining ETH and ETC for about 8 months now...and there was some period where ETH was low on price...but still i managed to cover my electricity bill...i'm paying around 180$ for elec...so at this price of ETH + DCR is very profitable to mine...around $10k/year...minus $2600 electricity cost's...it's still +$7k profit...this is half of my year's sallary...

LOL they have been saying POS for 2 years now basically as soon as it came out.  When it becomes POS then we all just move to other coins, no big deal.  There will always be other coins to mine.

Plenty of options for AMD owners if Eth goes to POS, other Ethash coins like Ubiq, Pirl or ETP. My RX 570's also perform well with CryptoNight, Monero, Sumokoin, ETN and then theirs multiple Neoscrypt coins too.

Naturally, ethereum is beneficial for mining. It will be even more profitable if eth seriously rises in price, and there are prerequisites for this.

ethereum mining is profitable, but there are some other coins available for mining, like monero,that can be a good choice for you depending on your purposes. and with the electricity cost how long mining ethereum will be profitable we don't know. but some are predicting about its better future. one of friend informed me that he is earning good,and he is hoping for more.

If you mean the release of the Casper Ethereum protocol, then yes, this is the start of a new phase of the development of the Ethereum ecosystem, which potentially can lead to fundamental changes in the network infrastructure. I hope this will seriously increase the value of this coin.

They can mine other coins such as ZEC or ZEN.

Mining Ethereum is definitly profitable. The price has dropped and the difficullty went up, but it's still profitable.

The statement that you need a big investment is not true neither (depending on what you call big). I have a small rig with 4 RX580 8 GB and it costed me 1500€. I started with one GPU and than gradually expanded. I buy my GPU's at around 300€, which is I think reasonably priced.

Take into acount your powercost, but even for me in one of the most expensive countries for electricity, I still earn a nice profit. You will not get rich of it, but you have some fun on it as well (otherwise you will go out and spend the money in the bar or so). 

its depending on your wattage if its free then any card is profitable

yes, their can do it other coins, most importantly their coins are GPU based algorithm such Cryptonight Algo.

its getting less and less profitable as ETH prices crash. word of caution

I also notice today's profit is less than a month ago.