Ethereum mining still profitable?

[bitcoinpete]

The only mining Im doing is through genesis, I have noticed that my payouts have dropped by about 70% in the last month. At least the price appears to be rallying again.

[malekbaba]

The only mining Im doing is through genesis, I have noticed that my payouts have dropped by about 70% in the last month. At least the price appears to be rallying again.

I think Genesis mining is too much expensive. I would rather mine in pools with gpu

[Bokelka]

The only mining Im doing is through genesis, I have noticed that my payouts have dropped by about 70% in the last month. At least the price appears to be rallying again.

That is possible. The Difficulty of the Etheruem mining has risen quite a lot. Many people are building rigs.

[malekbaba]

The only mining Im doing is through genesis, I have noticed that my payouts have dropped by about 70% in the last month. At least the price appears to be rallying again.

That is possible. The Difficulty of the Etheruem mining has risen quite a lot. Many people are building rigs.

many miners are mining ETH and with the rising diff many will leave ETH too if they find other coin. If any other coin become more profitable, some miners will go away from ETH and will jump over that coin. So tomorrow is always uncertain

[miayama]

The only mining Im doing is through genesis, I have noticed that my payouts have dropped by about 70% in the last month. At least the price appears to be rallying again.

That is possible. The Difficulty of the Etheruem mining has risen quite a lot. Many people are building rigs.

many miners are mining ETH and with the rising diff many will leave ETH too if they find other coin. If any other coin become more profitable, some miners will go away from ETH and will jump over that coin. So tomorrow is always uncertain

That is right. But the amount of the GPU will flood and make any coin unprofitable after the finish of Eth mining.

[malekbaba]

The only mining Im doing is through genesis, I have noticed that my payouts have dropped by about 70% in the last month. At least the price appears to be rallying again.

That is possible. The Difficulty of the Etheruem mining has risen quite a lot. Many people are building rigs.

many miners are mining ETH and with the rising diff many will leave ETH too if they find other coin. If any other coin become more profitable, some miners will go away from ETH and will jump over that coin. So tomorrow is always uncertain

That is right. But the amount of the GPU will flood and make any coin unprofitable after the finish of Eth mining.

Not like that. Few GPU will die (due to use or age). Some people will leave this industry if they fail to get their ROI, some will leave mining due to personal business and some will sell the gpu and will switch to ASIC. Like this, new miners will enter and old miners (few %) will leave mining. But yes, GPU mining will be harder as many people have decent gpu to mine coins, now than before

[QuintLeo]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

[fricircled]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

Also the Ehtereum will become PoS early next year. The huge amount of GPU will have to find anther coin to mine.

[Falmant]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

Also the Ehtereum will become PoS early next year. The huge amount of GPU will have to find anther coin to mine.

I think the excessive amount of mining hardware will crash the second hand graphics card market.

[malekbaba]

if eth become POS from POW, I will get chance to buy some cards at lowest price, I hope

[Searing]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

Also the Ehtereum will become PoS early next year. The huge amount of GPU will have to find anther coin to mine.

I think the excessive amount of mining hardware will crash the second hand graphics card market.

you can pretty much bet on that .cards that were going for 50-75 bucks used (if you can find them) now go for 225 plus

ethereum should have made this setup with sha-256 equip..the hype/cheer-leading of all these old miners back on a network again would have been epic.....the price

would have been higher imho..and as far as difficulty who cares..gonna be a pos coin anyway

just saying... a hell of a lot more asics sitting around (my knc 550gh Jupiter now acting on the bottom self as a gravity assist device to keep my Titan Miner bench rooted

to the Earth)

A lot of us out there just can't sell.......... 'my precious' that made me 53 BTC ..I mean really for what on Ebay 100 bucks I could get for it .....it would be like selling the family cat


but yeah ..truth be told they probably could say they were going in 1 month to pos coin....would only hurt the miners probably would help the price in that the market

would see them as 'ahead of their timeline plan' lol

[Amph]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not planning to sell anymore the other part of the rig, a rig is always useful, the altcoin scene will always be profitable no matter what everyone think

in those time where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

[Koamder]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

[Fappanu]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

[mikewillda]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

That is the reason I mine altcoins. I can mine when it is profitable. I can sell GPU when it is not profitable.

[malekbaba]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

That is the reason I mine altcoins. I can mine when it is profitable. I can sell GPU when it is not profitable.

GPU mining was not profitable, even last 8 months back. Hope new coin will be available soon to mine with gpu

[Juliamit]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

That is the reason I mine altcoins. I can mine when it is profitable. I can sell GPU when it is not profitable.

GPU mining was not profitable, even last 8 months back. Hope new coin will be available soon to mine with gpu

That is right. 8 months ago, the GPU mining is not profitable if your electricity is over $0.2/kWh.

[Unacceptable]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

That is the reason I mine altcoins. I can mine when it is profitable. I can sell GPU when it is not profitable.

GPU mining was not profitable, even last 8 months back. Hope new coin will be available soon to mine with gpu

That is right. 8 months ago, the GPU mining is not profitable if your electricity is over $0.2/kWh.

Since the diff for BTC mining (ASIC) has gone so high (I've sold all my ASIC miners),Altcoin mining has become alot more attractive,so I'm back lookin for the next GPU coin to mine...again 

I was an avid GPU miner back in 2011-2013,since BTC went ASIC & I had 5 GPU's I wanted to keep makin money on em,did good till about late 2014 when altcoins went down to nothing 

Got one low end PC for all my wallets,looked last week through em,got about 45 wallets. Now to sync em & see if I got any coins in em 

[sanadas]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

That is the reason I mine altcoins. I can mine when it is profitable. I can sell GPU when it is not profitable.

GPU mining was not profitable, even last 8 months back. Hope new coin will be available soon to mine with gpu

That is right. 8 months ago, the GPU mining is not profitable if your electricity is over $0.2/kWh.

Since the diff for BTC mining (ASIC) has gone so high (I've sold all my ASIC miners),Altcoin mining has become alot more attractive,so I'm back lookin for the next GPU coin to mine...again 

I was an avid GPU miner back in 2011-2013,since BTC went ASIC & I had 5 GPU's I wanted to keep makin money on em,did good till about late 2014 when altcoins went down to nothing 

Got one low end PC for all my wallets,looked last week through em,got about 45 wallets. Now to sync em & see if I got any coins in em 

You said you had 45 wallets. If they are mostly altcoins you mined in 2013 or later, most of them will be worthless.

[Unacceptable]

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

That is the reason I mine altcoins. I can mine when it is profitable. I can sell GPU when it is not profitable.

GPU mining was not profitable, even last 8 months back. Hope new coin will be available soon to mine with gpu

That is right. 8 months ago, the GPU mining is not profitable if your electricity is over $0.2/kWh.

Since the diff for BTC mining (ASIC) has gone so high (I've sold all my ASIC miners),Altcoin mining has become alot more attractive,so I'm back lookin for the next GPU coin to mine...again 

I was an avid GPU miner back in 2011-2013,since BTC went ASIC & I had 5 GPU's I wanted to keep makin money on em,did good till about late 2014 when altcoins went down to nothing 

Got one low end PC for all my wallets,looked last week through em,got about 45 wallets. Now to sync em & see if I got any coins in em 

You said you had 45 wallets. If they are mostly altcoins you mined in 2013 or later, most of them will be worthless.

Mined BTC on vid cards till late 2013(when Avalon & BFL were dumping the first ASIC's),then altcoins till sometime in early 2015 actually.Yeah I'm sure they are worth only a few pennies