Ethereum mining still profitable?

[Haidong Liang]

Is it wise wise to rely on a single coin, if you are a miner? New coins are coming each day. I mined few ETH, miss those old good memories. There is tremendous diff and mining becomes less profitable. Besides POS is coming anytime and very big number of miners will jump into other coins.  What if thousands of gpu starts mining zec or other coins at a time ? I hope I will get another coin like eth in future. That will make my mining profitable again.

That is right. I mine both the ZEC and ETH.

[Zentor]

Ethereum is going on PoS agorithm soon, so better search for alternative and be ready to switch target

[Luwonder]

Ethereum is going on PoS agorithm soon, so better search for alternative and be ready to switch target

I think the PoS switch is still 12 months away.

[Z1pp4]

I have some ether in my wallet, but i stopped mining it long ago as there are so many altcoins with better profit in short term, so i mine other coins and buy BTC and ETH.

[percy_tc]

Ethereum is going on PoS agorithm soon, so better search for alternative and be ready to switch target

I think the PoS switch is still 12 months away.

We have plenty of time till POS ( and imo, there will be another delay).

[adealegas]

Indeed.. Plenty of time, and should be easy to switch to Zcash (or similar) once PoS is there.

[mr.relax]

Cant you imagine what happenes if all ETH Miners switch to Zcash or something else thats GPU Mineable? The difficulty will boom and the profit descend there too.
Well, I agree there is still time left for ETH Mining. But I would not buy new GPUMiner now...

[juanichiloco]

Cant you imagine what happenes if all ETH Miners switch to Zcash or something else thats GPU Mineable? The difficulty will boom and the profit descend there too.
Well, I agree there is still time left for ETH Mining. But I would not buy new GPUMiner now...

Yes for everyone who mined Eth over the last few months things are looking better with the current price increase but it would be difficult for new miners.

A lot of the mining hardware shops are building rigs with more graphics cards e.g. 8 or 12 so a higher hash rate to try and sell them but it's getting harder to sell mining hardware.

[geraldgold]

it's profitable if you hodl it.

[mr.relax]

never mix future-price-speculation with mining profitability.
That is not a clean mining calculation.

If you want to speculate and hodl, you might better simply buy at exchanges, not mine.

[MantaMine]

Mine and leverage as margin on polo.  Hodl and trade, great option but you gotta be careful.

[simplyToshi]

I am also intersted ithe mining - what bestway to do this

[baga105]

I am also intersted ithe mining - what bestway to do this

To not invest in mining.. the simpliest

[devzen]

i have a rig with 5x rx480. Speed around 145mhs and just got around 0,75 eth/ month.  with bill electricty around $0,1 very less profit to mine eth today. But for amd i think eth more profitable then other coin...

[Cereberus]

i have a rig with 5x rx480. Speed around 145mhs and just got around 0,75 eth/ month.  with bill electricty around $0,1 very less profit to mine eth today. But for amd i think eth more profitable then other coin...

For AMD cards from RX 4xx/5xx series and above the best profitable algorithm is either dual mining, personally mining DaggerPascal with 2x RX 480 in my office and making 0.0004 btc daily while mining only Ethereum I can make about 0.00036 btc daily so clearly the dual mine is the best for AMD cards right now and why not even for Nvidia with latest version of Nicehash 1.8.1.5 which I am using.

[Oakey22]

I have changed my stance on this, i was seeing profit dropping all the time, now ETH is looking to be going on a run i would say, mine and hold for that big pay day

[halker2010]

really eth is not even the third most profitable coin in whattomine for most gpus anyways there is always another coin you can mine.

[RACallanta]

ethereum mining is still profitable if your are using some solar funnel for your mining device's. but if you are using the public electricity and your electric bill has defend on your device's or appliance's , the ethereum mining is not profitable . but that is better to try the ethereum mining for your experience's in mining.. thank you 

[cryptowizzard]

I think the response needs to be a little more elaborated. Ethereum mining will always be profitable for some folks. This is the main incentive for which someone is willing to spend money on electricity and hardware to keep the ethereum network up. The question here is which is the electricity cost under which mining is profitable, which is the profit margin and the ROI, which are the risks involved. I started to mine ethereum when eth price was between 1 and 2 usds and I live in a region where electricity is not cheap. When the eth price is stagnating mining becomes unprofitable for me. When the price goes up it becomes again profitable until the difficulty rises to match the price. Based on my experience I created an ethereum mining calculator which is quite accurate. I think it's the most advanced calculator as of now and I use ti by myself to estimate how profitable is ethereum mining.

[Ligareaux]

I have some ether in my wallet, but i stopped mining it long ago as there are so many altcoins with better profit in short term, so i mine other coins and buy BTC and ETH.

Can you give me some examples of others alts best to mine than eth?