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Author Topic: Ethereum mining still profitable?  (Read 131323 times)
Raswild
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July 25, 2016, 03:06:06 PM
 #941

A few days ago, if you mined some Ethereum Classic when the difficulty is low and sell now, you have made good profits.

The Ethereum Classic price has dropped a lot since yesterday. I think the hacker is going to dump his coin soon.
Listent
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July 25, 2016, 04:42:52 PM
 #942

A few days ago, if you mined some Ethereum Classic when the difficulty is low and sell now, you have made good profits.

The Ethereum Classic price has dropped a lot since yesterday. I think the hacker is going to dump his coin soon.

The market will respond early and expect the hacker to dump the coins. Do we have any pledge from the hacker that he will not dump?
socks435
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July 25, 2016, 05:01:50 PM
 #943

A few days ago, if you mined some Ethereum Classic when the difficulty is low and sell now, you have made good profits.

The Ethereum Classic price has dropped a lot since yesterday. I think the hacker is going to dump his coin soon.
How do you know it that those hackers are willing to dump their ethereum.. or how do you know that they are holding ethereum?
I know ethereum is halving issue about DAO but i think they are already fix it .

Decided to end it with zer0 profit.
Carmen_Sandiego
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July 25, 2016, 05:08:44 PM
 #944

Soon mining will only be profitable for the Chinese and people with free electricity.
crairezx20
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July 25, 2016, 05:25:07 PM
 #945

Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..
Xianantung
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July 25, 2016, 05:57:48 PM
 #946

Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

If the electricity is free, you can start by buy one graphics card and expand it over time, and you will be rich.
klondike_bar
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July 26, 2016, 12:10:28 AM
 #947

Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

CPU mining is tough (you need top-notch i7, and returns are pretty meh), but gpu mining can go quite well. with free power a r9-290 card (~150usd) will pay for itself fully within 3-4 months

if you already have a desktop, its easy enough to plug in a gpu or two.

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!
RastoMan
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July 26, 2016, 06:50:54 AM
 #948

Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

CPU mining is tough (you need top-notch i7, and returns are pretty meh), but gpu mining can go quite well. with free power a r9-290 card (~150usd) will pay for itself fully within 3-4 months

if you already have a desktop, its easy enough to plug in a gpu or two.

That is right. It is better to use the cheap 290 or 390 or even 480 to mine the Ethereum. But the difficulty is rising faster.
BitPlace
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July 26, 2016, 07:48:22 PM
 #949

Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

CPU mining is tough (you need top-notch i7, and returns are pretty meh), but gpu mining can go quite well. with free power a r9-290 card (~150usd) will pay for itself fully within 3-4 months

if you already have a desktop, its easy enough to plug in a gpu or two.

That is right. It is better to use the cheap 290 or 390 or even 480 to mine the Ethereum. But the difficulty is rising faster.

We have the choice of mining the two versions of the Ethereum, that is a good opportunities for miners.
RastoMan
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July 27, 2016, 06:47:39 PM
 #950

Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

CPU mining is tough (you need top-notch i7, and returns are pretty meh), but gpu mining can go quite well. with free power a r9-290 card (~150usd) will pay for itself fully within 3-4 months

if you already have a desktop, its easy enough to plug in a gpu or two.

That is right. It is better to use the cheap 290 or 390 or even 480 to mine the Ethereum. But the difficulty is rising faster.

We have the choice of mining the two versions of the Ethereum, that is a good opportunities for miners.

You can switch between the ETC and ETH and mine the more profitable coin. It is quite convenient.
vg54dett
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July 28, 2016, 07:24:31 AM
 #951

was it something to do at the fork to have our ethers on both chains ?
Sanguintan
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July 28, 2016, 08:09:33 AM
 #952

was it something to do at the fork to have our ethers on both chains ?

I think so. The appearance of the ETC has an effect on the ETH mining profit. Some times, it is more profitable to mine ETC.
Quesdana
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July 28, 2016, 02:28:30 PM
 #953

was it something to do at the fork to have our ethers on both chains ?

I think so. The appearance of the ETC has an effect on the ETH mining profit. Some times, it is more profitable to mine ETC.

The ETC price is too volatile. When you sell your mined coins, it will be less profitable. So after a while, not many people will mine it.
Zaducis
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July 28, 2016, 03:48:59 PM
 #954

was it something to do at the fork to have our ethers on both chains ?

I think so. The appearance of the ETC has an effect on the ETH mining profit. Some times, it is more profitable to mine ETC.

The ETC price is too volatile. When you sell your mined coins, it will be less profitable. So after a while, not many people will mine it.

At this moment, mining ETC is 50% more profitable than mining ETH. But we do not know the profitability when you sell ETC.

miayama
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July 28, 2016, 07:23:00 PM
 #955

was it something to do at the fork to have our ethers on both chains ?

I think so. The appearance of the ETC has an effect on the ETH mining profit. Some times, it is more profitable to mine ETC.

The ETC price is too volatile. When you sell your mined coins, it will be less profitable. So after a while, not many people will mine it.

At this moment, mining ETC is 50% more profitable than mining ETH. But we do not know the profitability when you sell ETC.

If you can find a good pool to mine the ETC, it is generally more profitable to mine the ETC at the moment.
Goms
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July 28, 2016, 08:09:32 PM
 #956

But it is better to sell ETC as soon as it's mined because you can't predict how long it will last in the market, if it will get dumped and you do not want to be the one holding the bag should the coin get dumped.
kim.apps
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July 28, 2016, 08:15:28 PM
 #957

Only if you purchase the equipment at a very low cost and mine in a place with a really low electricity fee.
Some guys even have free electricity, what makes things difficult for anyone who does not have such resources.
Auponef
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July 29, 2016, 02:58:40 PM
 #958

Only if you purchase the equipment at a very low cost and mine in a place with a really low electricity fee.
Some guys even have free electricity, what makes things difficult for anyone who does not have such resources.

The Ethereum is profitable to mine even if your electricity price is more than $0.20 per kwh. Some other coins are also profitable.
zakariya
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July 29, 2016, 04:04:57 PM
 #959

profitable if price ethereum up
i think mining ethereum profit with high gpu
RastoMan
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July 30, 2016, 08:41:32 AM
 #960

profitable if price ethereum up
i think mining ethereum profit with high gpu

The mining of the ETC is some times more profitable when you do the calculation. But when you sell the coins to the exchanges, the price is lower.
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