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Author Topic: Ethereum mining still profitable?  (Read 131197 times)
bitcoinpete
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February 16, 2016, 08:57:10 AM
 #101

No BS.. i tried supernova first and got close to 25 % rejects.. Someone suggest i try coinotron with the proxy and stratum mining.. I get maybe 2 rejects in last 1000 shares submits.. What a difference in performance and rewards... If you Have yet to try it i suggest you see for yourselves . dont take my word!.

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Sometimes forum noobs aren't cryptomining noobs...  Grin
Genesis mining is offering Ether one year mining contracts maintenance free again.

The price is too high. It will make profit for Genesis mining, not for the customers if the difficulty doubles.
Yeah ive made some bad investments on genesis, but my x11 contracts are paying out above expected in all fairness. I may purchase some ether mining power just to test it out.

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Greenenergy
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February 16, 2016, 10:22:21 AM
 #102

No BS.. i tried supernova first and got close to 25 % rejects.. Someone suggest i try coinotron with the proxy and stratum mining.. I get maybe 2 rejects in last 1000 shares submits.. What a difference in performance and rewards... If you Have yet to try it i suggest you see for yourselves . dont take my word!.

 Wink

Sometimes forum noobs aren't cryptomining noobs...  Grin
Genesis mining is offering Ether one year mining contracts maintenance free again.

The price is too high. It will make profit for Genesis mining, not for the customers if the difficulty doubles.
Yeah ive made some bad investments on genesis, but my x11 contracts are paying out above expected in all fairness. I may purchase some ether mining power just to test it out.

No ! Do not ! The Ethereum mining will end around this summer with the PoS switch, so you'll never profit from it.
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February 16, 2016, 11:03:58 AM
 #103

No BS.. i tried supernova first and got close to 25 % rejects.. Someone suggest i try coinotron with the proxy and stratum mining.. I get maybe 2 rejects in last 1000 shares submits.. What a difference in performance and rewards... If you Have yet to try it i suggest you see for yourselves . dont take my word!.

 Wink

Sometimes forum noobs aren't cryptomining noobs...  Grin
Genesis mining is offering Ether one year mining contracts maintenance free again.

The price is too high. It will make profit for Genesis mining, not for the customers if the difficulty doubles.
Yeah ive made some bad investments on genesis, but my x11 contracts are paying out above expected in all fairness. I may purchase some ether mining power just to test it out.

No ! Do not ! The Ethereum mining will end around this summer with the PoS switch, so you'll never profit from it.

Are you so sure? I think it will end before the end of the year. Any way, I shall not buy the Genesis mining contracts.

Mastsetad
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February 16, 2016, 11:58:22 AM
 #104

Ethereum mining is still profitable now. But it will not be if the difficulty rises too fast. Genesis mining has put more hash.
bluebox
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February 16, 2016, 01:12:02 PM
 #105

Ethereum mining is still profitable now. But it will not be if the difficulty rises too fast. Genesis mining has put more hash.
Difficulty has risen about 20% over the past 4-6 weeks, however I have noticed no real impact on production...

Genesis, to me, wipes out all profitability even at todays ETH price. It would only be a hedge bet on the future, both in price rise and longevity of PoW... Not for me!

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d57heinz
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February 16, 2016, 01:34:26 PM
 #106

I absolutely will never put my coins in another cloud again.. If you do that's where they end up most times.. somewhere in the clouds!

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d57heinz

As in nature, all is ebb and tide, all is wave motion, so it seems that in all branches of industry, alternating currents - electric wave motion - will have the sway. ~Nikola Tesla~
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February 16, 2016, 02:23:10 PM
 #107

Ethereum mining is still profitable now. But it will not be if the difficulty rises too fast. Genesis mining has put more hash.

The difficulty is rising really quickly. It may be profitable today, but in one week it may not be the case. Starting the mining is something really costy, so having his investment back could be really hard, also, I doubt that Genenis Hash put any hash, and I think that it is just a kind of ponzi.
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February 16, 2016, 03:25:18 PM
 #108

Ethereum mining is still profitable now. But it will not be if the difficulty rises too fast. Genesis mining has put more hash.

The difficulty is rising really quickly. It may be profitable today, but in one week it may not be the case. Starting the mining is something really costy, so having his investment back could be really hard, also, I doubt that Genenis Hash put any hash, and I think that it is just a kind of ponzi.

Yea red flag for me with genesis was when eth skyrocketed in price a few weeks ago and all of a sudden they were out of contracts.(that can mean two things. 1 it means they wanted to horde the hash for themselves or 2 they are running a fractional reserve operation with end game always with customer pissed off with lost coins!) They seem to have a load when price drops Wink  seen it too many times now.. been scammed by too many of them aswell.. Ones that we all thought were reputable and turned out to not be so..

Just ask yourselves this with any  cloud operation.. WHY would they want you to make the profit and not themselves?!!!!!  There is always some scheme to fuck over the customer with EVERY cloud operation,   Hell even Bitmain knew what they were doing .. They allow s3 s4 contracts to be sold all the while knowing they were going to throw whats turns out to be about 800 peta thus far since announce of s7 and increasing.. hell we just had a 20% diff jump and looking at another 15%.. which is about 300 peta added in a month!.. At this rate if you buy s7 now at hashnest and price doesn't go up.. the 40 % maintenance now will go to 80% and i'm betting that they hold off on throwing a bunch of hash on now so that they can make the play to fuck us by selling s7 up to halving on hashnest all the while knowing they will drive diff up after to squeeze them out of profit as well.. thus shutting you down.. this is all part of their game they are now playing with us miners. I have no doubt if bitfury is at 16 nm so will bitmain soon if not already!.. Dont become a victim like so many of us have!.. Clouds are scams.. hashnest only thing going for it is the ability to trade but thats not what the platform is intended for im no day trader! If that's the only way to make btc from mining on hashnest then i see it as a bad investment opportunity!

Best Regards
d57heinz

As in nature, all is ebb and tide, all is wave motion, so it seems that in all branches of industry, alternating currents - electric wave motion - will have the sway. ~Nikola Tesla~
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February 16, 2016, 05:41:55 PM
 #109

Ethereum mining is still profitable now. But it will not be if the difficulty rises too fast. Genesis mining has put more hash.

The difficulty is rising really quickly. It may be profitable today, but in one week it may not be the case. Starting the mining is something really costy, so having his investment back could be really hard, also, I doubt that Genenis Hash put any hash, and I think that it is just a kind of ponzi.

Yea red flag for me with genesis was when eth skyrocketed in price a few weeks ago and all of a sudden they were out of contracts.(that can mean two things. 1 it means they wanted to horde the hash for themselves or 2 they are running a fractional reserve operation with end game always with customer pissed off with lost coins!) They seem to have a load when price drops Wink  seen it too many times now.. been scammed by too many of them aswell.. Ones that we all thought were reputable and turned out to not be so..

Just ask yourselves this with any  cloud operation.. WHY would they want you to make the profit and not themselves?!!!!!  There is always some scheme to fuck over the customer with EVERY cloud operation,   Hell even Bitmain knew what they were doing .. They allow s3 s4 contracts to be sold all the while knowing they were going to throw whats turns out to be about 800 peta thus far since announce of s7 and increasing.. hell we just had a 20% diff jump and looking at another 15%.. which is about 300 peta added in a month!.. At this rate if you buy s7 now at hashnest and price doesn't go up.. the 40 % maintenance now will go to 80% and i'm betting that they hold off on throwing a bunch of hash on now so that they can make the play to fuck us by selling s7 up to halving on hashnest all the while knowing they will drive diff up after to squeeze them out of profit as well.. thus shutting you down.. this is all part of their game they are now playing with us miners. I have no doubt if bitfury is at 16 nm so will bitmain soon if not already!.. Dont become a victim like so many of us have!.. Clouds are scams.. hashnest only thing going for it is the ability to trade but thats not what the platform is intended for im no day trader! If that's the only way to make btc from mining on hashnest then i see it as a bad investment opportunity!

Best Regards
d57heinz

Yep and why can't you sell your contracts if they represent real power?
asradoni
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February 16, 2016, 06:37:58 PM
 #110

Ethereum mining is still profitable now. But it will not be if the difficulty rises too fast. Genesis mining has put more hash.

The difficulty is rising really quickly. It may be profitable today, but in one week it may not be the case. Starting the mining is something really costy, so having his investment back could be really hard, also, I doubt that Genenis Hash put any hash, and I think that it is just a kind of ponzi.

For the 100 MH/s contract, it costs $4400. If I mine myself and pay the electricity of $0.1/kWH, my electricity bill is $700. I can sell the miner as well is I do not want to mine any more.
fricircled
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February 16, 2016, 06:50:58 PM
 #111

Ethereum mining is still profitable now. But it will not be if the difficulty rises too fast. Genesis mining has put more hash.

The difficulty is rising really quickly. It may be profitable today, but in one week it may not be the case. Starting the mining is something really costy, so having his investment back could be really hard, also, I doubt that Genenis Hash put any hash, and I think that it is just a kind of ponzi.

For the 100 MH/s contract, it costs $4400. If I mine myself and pay the electricity of $0.1/kWH, my electricity bill is $700. I can sell the miner as well is I do not want to mine any more.

So the Genesis mining can earn more than $3700 per 100 MH/s. That is very good profit to make for them if their electricity price is $0.1. I think their electricity cost is much lower.
CookieMonstaSMTH
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February 16, 2016, 06:55:45 PM
 #112

I have seen these messages when I starting the miner. (CPU) Can you guys give me souloutions about this porblem (if there any)?
Code:
miner  16:36:42|main  Mining on PoWhash #22b8ed32ΓǪ : 1758102 H/s = 35810800 ha
shes / 20.369 s
miner  16:36:43|main  Mining on PoWhash #22b8ed32ΓǪ : 1764345 H/s = 37924600 ha
shes / 21.495 s
miner  16:36:44|main  Mining on PoWhash #22b8ed32ΓǪ : 1769980 H/s = 40045800 ha
shes / 22.625 s
miner  16:36:46|main  Mining on PoWhash #22b8ed32ΓǪ : 1778165 H/s = 43570400 ha
shes / 24.503 s
miner  16:36:46|main  Got work package:
miner  16:36:46|main    Header-hash: cf305fdf9cb2b54d5b3f0a3381b6c1596a8531760fb
1ee9f9b4c3c5f4a789f6f
miner  16:36:46|main    Seedhash: 1978a1fad78a84d2ba81af2fb91140d2984f1ebb2ff550
45a2c52d769779d832
miner  16:36:46|main    Target: 0000000225c17d04dad2965cc5a02a23e254c0c3f75d9178
046aeb27ce1ca574
 !   16:36:46|main  Start worker 247 ms
 !   16:36:47|main  Start worker 372 ms
 !   16:36:47|main  kickOff 375 ms
 !   16:36:47|main  Start worker 369 ms
 !   16:36:47|main  kickOff 372 ms
 !   16:36:47|main  Start worker 370 ms
 !   16:36:47|main  kickOff 373 ms
 !   16:36:48|main  Start worker 370 ms
 !   16:36:48|main  kickOff 373 ms
 !   16:36:48|main  Start worker 372 ms
 !   16:36:48|main  kickOff 375 ms
 !   16:36:49|main  Start worker 360 ms
 !   16:36:49|main  kickOff 363 ms
 !   16:36:49|main  Start worker 370 ms
 !   16:36:49|main  kickOff 373 ms
 !   16:36:49|main  Start worker 368 ms
 !   16:36:49|main  kickOff 371 ms
 !   16:36:50|main  Start worker 359 ms
 !   16:36:50|main  kickOff 362 ms
 !   16:36:50|main  Start worker 247 ms
 !   16:36:50|miner11  Worker stopping 105 ms
 !   16:36:50|main  Start worker 297 ms
 !   16:36:50|main  kickOff 300 ms
 !   16:36:50|main  Start worker 121 ms
 !   16:36:51|main  kickOff 706 ms
 !   16:36:51|main  Start worker 230 ms
 !   16:36:53|main  kickOff 1558 ms
 !   16:36:53|main  Start worker 298 ms
 !   16:36:53|main  kickOff 301 ms
 !   16:36:53|main  Start worker 201 ms
 !   16:36:53|main  kickOff 393 ms
 !   16:36:53|main  Start worker 207 ms
 !   16:36:54|main  Start worker 157 ms
 !   16:36:54|main  Start worker 182 ms
 !   16:36:54|main  Start worker 211 ms
 !   16:36:54|main  Start worker 184 ms
 !   16:36:54|main  Start worker 184 ms
 !   16:36:55|main  Start worker 157 ms
 !   16:36:55|main  Start worker 213 ms
 !   16:36:55|main  Start worker 185 ms
 !   16:36:55|main  Start worker 185 ms
 !   16:36:55|main  Start worker 207 ms
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February 16, 2016, 07:56:03 PM
 #113

Is there any watch dog type program for ethminer so it can result if it crashes?

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zalucia
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February 17, 2016, 08:10:24 AM
 #114

Is there any watch dog type program for ethminer so it can result if it crashes?

I am also looking for one. If there is a watchdog for the geth.com problem. It is even better. It dies several times a week.

Mastsetad
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February 17, 2016, 10:50:18 AM
 #115

Sometimes, when there is network interrupton, the geth will not update any more. But the ethminer is still mining, but for nothing.
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February 17, 2016, 04:18:37 PM
 #116

Would it even be profitable due to the crash?




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fricircled
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February 17, 2016, 05:12:39 PM
 #117

Would it even be profitable due to the crash?

It is profitable for miners if the price is above $2.5. If the price drops further or the difficulty rises furhter, it is not profitable.
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February 18, 2016, 02:40:33 AM
 #118

Would it even be profitable due to the crash?

It is profitable for miners if the price is above $2.5. If the price drops further or the difficulty rises furhter, it is not profitable.
Profitable as low as a buck an eth for most. $2.50? $3.50 today? You kidding? Roll Eyes

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February 18, 2016, 04:48:56 AM
 #119

Would it even be profitable due to the crash?

It is profitable for miners if the price is above $2.5. If the price drops further or the difficulty rises furhter, it is not profitable.
Profitable as low as a buck an eth for most. $2.50? $3.50 today? You kidding? Roll Eyes

i pay ~$0.12/kwh and run 3x R9 270x for about ~650-700W, or $2-2.25/day.  That mines approx 1.2-1.3 ETH/day, so as long as ethereum stays >$2 I'm happy to mine it

im actually using a decommisoned craterig - sold 1/4 original gpus and turned it into a 2-gpu crossfire gaming pc. Now, im using a usb riser to run a 3rd gpu on an external platform with its own PSU. it give the nic benefit of simply unhooking the usb cord (while powered off), and i can put the 3rd card into storage if/when its not rquired.

24" PCI-E cables with 16AWG wires and stripped ends - great for server PSU mods, best prices https://bitcointalk.org/index.php?topic=563461
No longer a wannabe - now an ASIC owner!
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February 18, 2016, 08:47:49 AM
 #120

Would it even be profitable due to the crash?

It is profitable for miners if the price is above $2.5. If the price drops further or the difficulty rises furhter, it is not profitable.
Profitable as low as a buck an eth for most. $2.50? $3.50 today? You kidding? Roll Eyes

i pay ~$0.12/kwh and run 3x R9 270x for about ~650-700W, or $2-2.25/day.  That mines approx 1.2-1.3 ETH/day, so as long as ethereum stays >$2 I'm happy to mine it

im actually using a decommisoned craterig - sold 1/4 original gpus and turned it into a 2-gpu crossfire gaming pc. Now, im using a usb riser to run a 3rd gpu on an external platform with its own PSU. it give the nic benefit of simply unhooking the usb cord (while powered off), and i can put the 3rd card into storage if/when its not rquired.


I think it is not profitable for the European miners who pay electricity price of more than $0.2/kWh if the price is below $3.5.

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