to answer your question, we have to stablish a base line. What's the meaning of PROFIT, for you? is winning 40$ a month what you would call profit???

Because that's the most you will get right now with an E3 paying 7 cents (suppose taxes included).

very nice opinions, thanks for all.

just to be clear. I bought my cards at 50% off "retail inflated prices". I got most of them at 220€ or 250$, so i was not rekt by the hype, and did not buy my cards at any costs. I did manage to buy only at prices i was ready to buy, and not obviously retail prices, that were much higher. In Spain most Sapphire RX 580 nitro+ 8gb were around 459€ or 528$ from the biggest retailer here in Spain, called PCCOMPONENTES.

the idea of heating my house is not an option, i mean, i live in Valencia, i see the sea through the window, so i hardly see 0ºC anytime. Last year, with higher prices, i used this system for heating. Nowadays is just not profitable anymore. it doesn't make sense.


What it's very obvious for me, is that no matter if you pay 0,05cnt/kWh or less. You are at a loss right now. You need ASIC + totally free electricity to get green money on your pocket. If that's not the case, you are losing money.

What is obvious for me, and many of you have said it, is that there is ACTUALLY NO FACT, REASON, ARGUMENT, TECHNICAL ANALYSIS OR WHATEVER to see ETH pumping in price. Noone has a clue, but we've had 9 months of a total crash, and the coins are at lows, but noone is buying. bulls are hardly able to hold small values for the coins. There is a huge resistance to pump the coins and i don't think it's reasonable to pump money on mining right now.

It makes no sense.  

ETH is NOT PROFITABLE AT THE MOMENT, but still has 248.000 gh/s of total network hashrate at the moment.

Are people stupid or what???

Lets put numbers to the question.

2 rigs with 12 gpus well optimezed (RX 580 and RX 570) doing 31,3 average mh/s, is doing around 376 mh/s. those rigs are using around 1800w from the wall. The average price in USA is around 0,14$/kWh. In Spain, my country, is around 0.16$/kWh

With these numbers, - 1% for pool fee - 1% miner fee, you get around -10$ per month. So you lose money. But that's considering you SELL your coins to pay the electricity, which in many many cases you´ll not do. So you are paying something around from 480 to 520$ per month to hold your ETH AT A CLEAR LOSS.


Are this people doing this actually dumb??? Do they realise they are expending a lot of money on a gumble that can go terribly wrong?? do this people believe blindly on crypto sooooo much to actually invest a huge amount of money to win probably nothing??? why are this people doing this?


Or is it that that hashrate is probably 70% ASIC?? The E3 can do 190mh/s and use around 760W from the wall. at 0,14$/kWh is making just 10$ a month. Is it worth??? You are still having to sell your coins to pay the bill just to get in your pocket 10$. So E3 users still believe , LIKE GPU MINERS, that ETH is going to be pumped in price, with no reason, fact, technical analysis or whatever shitty argument you can say to belive that. Are people blindly believing in this market, burning out hundreds of millions of dollars in electricity for no instant profit??? WTF is this nonsense???



Now, if you have free electricity or solar electricity, with an E3 you are making 86$ a month per machine. if the price is actually in 1160$, that's not a good idea, because you´ll need a lot of time to even ROI, and that is considering you are selling your coins. If not, than you are investing a good amount of money on no profit but a future profit to come which is bound NOT TO HAPPEN.


I just don't understand. Numbers talk clearly. You have to have free electricity and ASICS to see green money in your pocket , which i'm sure the amount of people mining with free electricity is very small. Very very small.

So the conclusion is: how many of those 248.000Gh/s is mining ETH at a loss??? THE VAST MAJORITY OF THEM.

And that's not even considering the fork that MAY happen in october by reducing 3 ETH per block to 2.


i stopped my machines like 4 months ago. I've calculated how much money i've saved and how much money i would have won if i had been mining ETH.

Numbers show , for me, that mining was a no go since the result is terribly RED FOR ME.


I don't understand this madness. everyday , instead of having less hashrate, IT'S INCREASING!!!!!!!

ETH IS NOT PROFITABLE.

Where are you looking for information?? the shittiest web on the net??

do not panic. You still have some money left in crypto. Panic just when you lose it all.

continue believing in Crypto. But then, if you lose it all, don't do nothing stupid. Just accept you were stupid AF.

WSJ: Automated Trading Programs Manipulate Digital Currency Prices

fuck off crypto.

ABSOLUTELY NOT. 100%.

this market is dead. We are at all time lows in the last 1 year, and the market it just pumping and dumping coins to get 5-10% profit each time. Today, 5% down. Then we will see 5% and than again sells.


this is not to be accepted. This is THE BIGGEST MANIPULATION OF MARKETS EVER SEEN IN THE WORLD.

I will not support this market anymore. It's brutally BULLSHIT.

Cryptomarket is Shit, and it's being seen everyday. It's dead.

absolutely not. and you shouldn't do it either.

you don't really need to worry now. Just to accept you fucked up your investment and that now the worst it can happen is that you lose it all, (which will happen eventually).

I've been saying the same for about 6 months now. Noone wanted to hear. Now , your money is in the hands of big sharks, big whales and aggressive traders that don't actually care about you, but to get their profit as many times as possible.

So enjoy.

big lie, totally false.

This market is dead, and a pump in price is always followed by the same dump once the price gets to 5-10% profit. this means that the ones buying are the same as the one selling, so TOTALLY MANIPULATED MARKET.

This will end in a crash by the end of the year. forget about crypto now that you can

i expect ETH to die in the next 2 months from now.

95% of all projects die in the first year.

This is only a HUGE BULLTRAP.

absolutely no

Why? The market IS A HUGE BULLTRAP FOR STUPIDS.

another crash incoming. you've been warned. 30 septembre ETF WILL BE DENIED.

extremely generalized??? you are sooooo dumb and retarded. Continue mining at loss, and get REKT. The best thing about it, is that only you consider mining as profitable right now. So you are actually extremelly stupid.

noone should be mining right now. You are almost all mining at a loss with no granted profit.

YOU ARE ALL SOOOOOOOO WRONG......

to make it simple: does governments and banks want crypto with them YES or NO.

If the answer is NO, there is no point in expecting governments to legislate laws and taxes to benefit this market, which will lead them to a huge collapse that is happening at the moment.

If you say YES, that you think crypto will not affect governments and banks in the way they get money from users and enterprises, so you are terribly wrong.


Crypto will die, BECAUSE GOVERNMENTS WILL MAKE IT DIE.

your future, like the others, is VERY BLACK. Crypto is going to die in a year.