Ethereum mining still profitable?

[Ducksun]

Why you are stick in ETC honestly we don't i really dont know if we can believe to others about ETC if this is hack coin but its still in coinmarketcap in top 10 but its not like the same few months ago that the price is above 3 usd and now its 1 usd.
For me better to dont invest in ETC since every day i heard about ETC.. Ethereum is more good to invest than etc its just a clone..

 It's easy - for a MINER, ETC profitability is almost identical to ETH - when one jumps up a bit on profitability, enough folks switch to even them out again.

 This *IS* a mining thread, after all, NOT an "investment" thread.



 ETH profitability is dropping again now that ZEC crazypricing has dropped a lot, we're now getting into the "basket balance" situation with ZEC added to the basket splitting hash making everything else in the basket a little more profitable, but ZEC dropping in it's share 'cause the profitability of it is dropping quite a bit as the price continues to skydive.

That is the reason why I just stick mining the Ethereum. Other people will just between the two to make profit stable.

I must say that I think that switching between them can be petty good and also profitable so I must say that it can be worth it without any doubts..
its just how you look towards it too and how you are mining.

[Feetaroni]

Its still profitable and I stay doing it because I think that ETH is still worth mining and right now its also still profitable so why should we not do it right ?

[Jating]

Its still profitable and I stay doing it because I think that ETH is still worth mining and right now its also still profitable so why should we not do it right ?

It depends on the price of your electricity. If that is higher than $0.2/kWh, it is better to buy the Ethereum directly.

[asradoni]

Its still profitable and I stay doing it because I think that ETH is still worth mining and right now its also still profitable so why should we not do it right ?

It depends on the price of your electricity. If that is higher than $0.2/kWh, it is better to buy the Ethereum directly.

At that price, if you have old cards like the AMD 7970 or R9 280X, it is not profitable to mine the Ethereum.

[QuintLeo]

R9 290 and R9 3xx series would also be marginal to money-losing on ETH at 20c/KWH at current pricing and difficulty on ZEC.

 On the other hand, at THAT high of electric cost it's real iffy to mine anything at all.

[Zeelotin]

R9 290 and R9 3xx series would also be marginal to money-losing on ETH at 20c/KWH at current pricing and difficulty on ZEC.

 On the other hand, at THAT high of electric cost it's real iffy to mine anything at all.

You are right. The old cards like the R9 390 or 290 make no profit at that high electricity price. You have to undervolt.

[QuintLeo]

R9 290 and R9 3xx series would also be marginal to money-losing on ETH at 20c/KWH at current pricing and difficulty on ZEC.

 On the other hand, at THAT high of electric cost it's real iffy to mine anything at all.

You are right. The old cards like the R9 390 or 290 make no profit at that high electricity price. You have to undervolt.

 Even with undervolting they STILL eat a ton of power.
 I run my R9 290s with BIOS from TheStilt and they STILL eat close to 300 watts EACH - up side, they also can overclock without thermal limiting + memory timings are a lot faster + they run a lot cooler since the BIOS upgrade, which makes them capable of pulling about 30% more hashrate then without the BIOS change - all at about the same power draw.

 For perspective, the GTX 1070 *usually* has a TDP of 151 watts (I have a couple Gigabytes that TDP at 180ish per nvidia-smi but they're high-end factory OC models), and I believe the 1080 has a TDP of around 250 watts - but outside of the crypto and cryptocoin mining worlds both of those cards blow the R9 290 completely out of the water.

[Auponef]

R9 290 and R9 3xx series would also be marginal to money-losing on ETH at 20c/KWH at current pricing and difficulty on ZEC.

 On the other hand, at THAT high of electric cost it's real iffy to mine anything at all.

You are right. The old cards like the R9 390 or 290 make no profit at that high electricity price. You have to undervolt.

 Even with undervolting they STILL eat a ton of power.
 I run my R9 290s with BIOS from TheStilt and they STILL eat close to 300 watts EACH - up side, they also can overclock without thermal limiting + memory timings are a lot faster + they run a lot cooler since the BIOS upgrade, which makes them capable of pulling about 30% more hashrate then without the BIOS change - all at about the same power draw.

 For perspective, the GTX 1070 *usually* has a TDP of 151 watts (I have a couple Gigabytes that TDP at 180ish per nvidia-smi but they're high-end factory OC models), and I believe the 1080 has a TDP of around 250 watts - but outside of the crypto and cryptocoin mining worlds both of those cards blow the R9 290 completely out of the water.

300W each for the 290 is too much. My 390 is just 160 to 180W. I just under volt it and run at 960MHz.

[QuintLeo]

You get quite a bit less hashrate that way - might be worth it if your electric cost is higher than mine though.

[crairezx20]

Do you think it is worth to mine ethereum with supercomputer because i would like to build it because i also need it in bruteforcing openline or unlock in some mobiles. and i think it is more worth it if i use it to mine ethereum

[EssentialCoin]

You get quite a bit less hashrate that way - might be worth it if your electric cost is higher than mine though.

That is right. When the ZCash price is high, it is worth overclocking. Otherwise it is better to underclock if the electricity price is high.

[BattleField]

You get quite a bit less hashrate that way - might be worth it if your electric cost is higher than mine though.

That is right. When the ZCash price is high, it is worth overclocking. Otherwise it is better to underclock if the electricity price is high.

If you do not have cheap electricity, it is better not to mine now.

[QuintLeo]

You get quite a bit less hashrate that way - might be worth it if your electric cost is higher than mine though.

That is right. When the ZCash price is high, it is worth overclocking. Otherwise it is better to underclock if the electricity price is high.

If you do not have cheap electricity, it is better not to mine now.

 I moved to the "land of cheap electricity" last summer.
 It probably warps my perspective a bit on "overclock vs go for efficiency".
 Then I ended up in a situation with a "fixed" monthy charge for electric, which DEFINITELY warps it.

[antantti]

You get quite a bit less hashrate that way - might be worth it if your electric cost is higher than mine though.

That is right. When the ZCash price is high, it is worth overclocking. Otherwise it is better to underclock if the electricity price is high.

If you do not have cheap electricity, it is better not to mine now.

 I moved to the "land of cheap electricity" last summer.
 It probably warps my perspective a bit on "overclock vs go for efficiency".
 Then I ended up in a situation with a "fixed" monthy charge for electric, which DEFINITELY warps it.

Even with free electricity, 290 could earn you max $1.20/day@300W vs $1.00/day@170W. I wouldn't run it against limits for $0.20/day but that is just me.

It was completely different story 10 months ago when 30MH of dagger made you $8.00/day.

[adaseb]

This thread was created exactly 1 year ago. And back then every post is "ethereum is no longer profitable".... "difficulty is already too high" ... "you will never ROI" .... and yet here we are 1 year later.

Proof that we can't predict the future.

[kurbeks]

Just wait until Vega comes out

[adaseb]

Just wait until Vega comes out

How will that change anything?

It will cost as much as an Nvidia 1080 and probably only slightly faster than the current 390/480, which nobody will buy unless ZEC/ETH skyrocket in value sometime in the next few months.

You make it seem like VEGA = Some ETHEREUM ASIC, which is the only thing which would destroy ETH.

If the VEGA was very cheap or free, then yes "IT WOULD DESTROY ETH".

[Vitkore]

Just wait until Vega comes out

How will that change anything?

It will cost as much as an Nvidia 1080 and probably only slightly faster than the current 390/480, which nobody will buy unless ZEC/ETH skyrocket in value sometime in the next few months.

You make it seem like VEGA = Some ETHEREUM ASIC, which is the only thing which would destroy ETH.

If the VEGA was very cheap or free, then yes "IT WOULD DESTROY ETH".

The extra wide memory bandwith does not make much difference, the R9 Fury or Nano is example. So I do not have much hope.

[kurbeks]

Nahh currently it's slightly above 1080 in perf. Although obviosly it will use newer driver version not 15.12 which optimzied for minning. It  will probably be monster for Zcash, which means that anyone who mines zcash on older hardware will move to ETH. Incresing difficulty.

Price wise it probably wont be cheap but AMD can't price it's hardware where Nvidia put them so it will be probably 499USD for op performance card.

[Ostonian]

Nahh currently it's slightly above 1080 in perf. Although obviosly it will use newer driver version not 15.12 which optimzied for minning. It  will probably be monster for Zcash, which means that anyone who mines zcash on older hardware will move to ETH. Incresing difficulty.

Price wise it probably wont be cheap but AMD can't price it's hardware where Nvidia put them so it will be probably 499USD for op performance card.

If the price of the ZCash is the same as now, there is no need to buy the faster cards as they will not ROI.