This can't be real... is my math correct?

[MrSamHammich]

So I've been lurking around this forum, random YouTube channels and websites looking at information on getting into GPU mining. I decided to finally register here because I have a question on calculating profits from a GPU mining rig. This is the pre-built rig I've been looking at...

https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470-detail

This is my power usage... I rounded up to 0.14 USD.
https://i.imgur.com/bi4Vuf7.jpg




This is the "profit" calculated.
https://i.imgur.com/cXg4Kb2.jpg


This just can't be real. Why isn't everyone doing this? I understand that ETH rises in complexity, but anyone can buy/build a rig. What am i missing?

[iamnoobplzhelp]

Looks about right...

Here's one factor that will cut into your profits.... reported hashrate vs effective hashrate. Many people will use their reported hashrates in these calculators, but if you have tons of errors, your effective hash rate may be way lower. This will cut directly into your profits.

[xleejohnx]

So I've been lurking around this forum, random YouTube channels and websites looking at information on getting into GPU mining. I decided to finally register here because I have a question on calculating profits from a GPU mining rig. This is the pre-built rig I've been looking at...

https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470-detail

This is my power usage... I rounded up to 0.14 USD.





This is the "profit" calculated.



This just can't be real. Why isn't everyone doing this? I understand that ETH rises in complexity, but anyone can buy/build a rig. What am i missing?

Right now gpu mining is awesome. 3 months ago it wasn't like this and tomorrow it can go back to that way
 Volatility is the answer you seek

[Mister305]

Everyone is doing this, try to find gpus

[vip2017]

So I've been lurking around this forum, random YouTube channels and websites looking at information on getting into GPU mining. I decided to finally register here because I have a question on calculating profits from a GPU mining rig. This is the pre-built rig I've been looking at...

https://mineshop.eu/ethereum-miner/ethereum-miner-eth-gpu-mining-amd-rx470-detail

This is my power usage... I rounded up to 0.14 USD.
https://i.imgur.com/bi4Vuf7.jpg




This is the "profit" calculated.
https://i.imgur.com/cXg4Kb2.jpg


This just can't be real. Why isn't everyone doing this? I understand that ETH rises in complexity, but anyone can buy/build a rig. What am i missing?

that's right, just for now.

But be sure it will not always be like today.

That's the reason there are no Amd RX 470/480 or 570/580 in any store in the world

[adaseb]

Read my thread and should explain more...


https://bitcointalk.org/index.php?topic=1959495.0