Ethereum mining still profitable?

[Ostonian]

Hi,  I normaly mine btc using bitmain hardware,  now I also consider to mine some eth or etc.  Whats currently the best videocards for mining?

The golden timing for mining the Etheruem has passed if the price does not increase further. It is not profitable for old cards.

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[malekbaba]

Hi,  I normaly mine btc using bitmain hardware,  now I also consider to mine some eth or etc.  Whats currently the best videocards for mining?

The golden timing for mining the Etheruem has passed if the price does not increase further. It is not profitable for old cards.

As I already have mentioned that profit of mining depends on a lot of things. If price goes up again, mining will be viable even for old cards

[herebittybittybitty]

Which mining cards do you think are the best value considering the residual value the GPU's will retain once they cease being profitable for just mining? In other words, what will an RX480 be worth 6 months from now as opposed to, say a R9 380, do you think?

[Cryptozillah]

Hi,  I normaly mine btc using bitmain hardware,  now I also consider to mine some eth or etc.  Whats currently the best videocards for mining?

The golden timing for mining the Etheruem has passed if the price does not increase further. It is not profitable for old cards.

I wounder how many people said the same thing when the diff rose in BTC.
"Damned, i am out of here because i can now only mine 50BTC per day with my crappy gpu"

[Fulmand]

Hi,  I normaly mine btc using bitmain hardware,  now I also consider to mine some eth or etc.  Whats currently the best videocards for mining?

The golden timing for mining the Etheruem has passed if the price does not increase further. It is not profitable for old cards.

I wounder how many people said the same thing when the diff rose in BTC.
"Damned, i am out of here because i can now only mine 50BTC per day with my crappy gpu"

The difficulty is rising fast. So if you are in the high electricity price area, and the Ethereum price does not rise, it is better not to invest in mining.

[Rumant]

Hi,  I normaly mine btc using bitmain hardware,  now I also consider to mine some eth or etc.  Whats currently the best videocards for mining?

The golden timing for mining the Etheruem has passed if the price does not increase further. It is not profitable for old cards.

I wounder how many people said the same thing when the diff rose in BTC.
"Damned, i am out of here because i can now only mine 50BTC per day with my crappy gpu"

The difficulty is rising fast. So if you are in the high electricity price area, and the Ethereum price does not rise, it is better not to invest in mining.

The difficulty is 71T now, it is another all time high. It seems the miners have come back from minining the Monero.

[Ambros]

I've just built a rig with 6 rx 480 and i am currently mining ETH.. Profit is really low, i hope that something happens soon !

[adaseb]

I've just built a rig with 6 rx 480 and i am currently mining ETH.. Profit is really low, i hope that something happens soon !

If you think ETH mining is not profitable you should of tried mining with Bitcoin ASICs or with GPUs last year. Profits were like 1/4 of what they are today.

[malekbaba]

I've just built a rig with 6 rx 480 and i am currently mining ETH.. Profit is really low, i hope that something happens soon !

How much hashes do you get from the rig ? what is your daily electricity cost ? I do not think ETH will go above $15. If you only focus on ETH then I think you will not make profit from it. Just my calculation. But if ETC can defuse diff bomb and ETC price goes high, you will get enough profit.

[fusion0389]

I've just built a rig with 6 rx 480 and i am currently mining ETH.. Profit is really low, i hope that something happens soon !

I guess it all depends on what your power costs you and what kind of profitability you expect. Right now ETH makes more sense than BTC when I look at the best use of the 24,000 watts worth of capacity I've got available. I'd never put all my eggs in one basket though. Just my opinion.

[Haidong Liang]

I've just built a rig with 6 rx 480 and i am currently mining ETH.. Profit is really low, i hope that something happens soon !

I guess it all depends on what your power costs you and what kind of profitability you expect. Right now ETH makes more sense than BTC when I look at the best use of the 24,000 watts worth of capacity I've got available. I'd never put all my eggs in one basket though. Just my opinion.

It is more profitable to mine the Ethereum than the bitcoin. But the profitability is dropping fast if your electricity price is high.

[Ryan Dugan]

So in order to male a profit you will have to live near a GPU factory or something so you won't pay shipping costs. Then you need good price on electricity and buy in bulk. Only the whales will make money or am I wrong ?

[BTCBusinessConsult]

I dont understand why people think Eth mining is not profitable. Unless you have very high electricity costs.

With 2 480s, I mine $4 a day worth of Eth. My electricity cost is $0.1/kwh. I pay about $0.5 dollar per day.

Even if you were paying $0.5/kwh you would STILL be making a profit of $1.50 per day.

And I am pretty sure nobody is paying $0.5 per kwh of electricity.

[Rumant]

I dont understand why people think Eth mining is not profitable. Unless you have very high electricity costs.

With 2 480s, I mine $4 a day worth of Eth. My electricity cost is $0.1/kwh. I pay about $0.5 dollar per day.

Even if you were paying $0.5/kwh you would STILL be making a profit of $1.50 per day.

And I am pretty sure nobody is paying $0.5 per kwh of electricity.

Most people do not have the RX 480, they have the 280X or the 390, they are more inefficient than the 480.

[adaseb]

I dont understand why people think Eth mining is not profitable. Unless you have very high electricity costs.

With 2 480s, I mine $4 a day worth of Eth. My electricity cost is $0.1/kwh. I pay about $0.5 dollar per day.

Even if you were paying $0.5/kwh you would STILL be making a profit of $1.50 per day.

And I am pretty sure nobody is paying $0.5 per kwh of electricity.

Most people do not have the RX 480, they have the 280X or the 390, they are more inefficient than the 480.

Only by 50%, still profits to be made.

[Amph]

I dont understand why people think Eth mining is not profitable. Unless you have very high electricity costs.

With 2 480s, I mine $4 a day worth of Eth. My electricity cost is $0.1/kwh. I pay about $0.5 dollar per day.

Even if you were paying $0.5/kwh you would STILL be making a profit of $1.50 per day.

And I am pretty sure nobody is paying $0.5 per kwh of electricity.

Most people do not have the RX 480, they have the 280X or the 390, they are more inefficient than the 480.

Only by 50%, still profits to be made.

"only by 50%" that's a big difference if you want to ask, still remaining at the previous generation is a suicide, if you don't have basically "1 cent" energy

[fusion0389]

I initially bought SIX R9 390 from a local electronics retailer. They ran VERY hot and pulled an idiotic amount of power. Both PSU's ran so hot it was difficult to make contact with them for more than 10-15 seconds. I ended up returning all six 390s and purchased RX 480's. I only lost appx 3 MH/s per card. However, my PSU's now run lukewarm and I'm saving about 1000 watts in power consumption for the entire rig. Overall hashrate went down slightly, but profitability increased dramatically. It seems that the RX 480s tend to have a more stable reported hashrate in ethermine. I'm sold on the RX series... So much so that I bought another six GPU for another rig

[Oasisman]

I initially bought SIX R9 390 from a local electronics retailer. They ran VERY hot and pulled an idiotic amount of power. Both PSU's ran so hot it was difficult to make contact with them for more than 10-15 seconds. I ended up returning all six 390s and purchased RX 480's. I only lost appx 3 MH/s per card. However, my PSU's now run lukewarm and I'm saving about 1000 watts in power consumption for the entire rig. Overall hashrate went down slightly, but profitability increased dramatically. It seems that the RX 480s tend to have a more stable reported hashrate in ethermine. I'm sold on the RX series... So much so that I bought another six GPU for another rig

The RX 480 is much better than the R9 390. A few months ago, it is good to buy the 390 if you know how to undervolt.

[vg54dett]

Do you guys know how to compare easily profitability between mining ETH and other GPU based coins ?
I know coinwarz for example , but it's not easy when you don't know about the others coins.
100MH/S of ETH mining is not the same hashrate if you consider another coin.
I'm sure there is a tool somewhere that can tell me if my GPU ETH Hashrate could be used better somewhere else if another coin appear or grow.
I don't know if my question is clear, please let me know if I have to explain better. (non english speaker)

[BTCBusinessConsult]

I think you are refering to this website:

http://www.whattomine.com/

Put in your hashpowers for each algo and it will tell you the best coin.

Cheers