Ethereum mining still profitable?

[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.

[s1gs3gv]

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.

ROI ? Haha that never stopped a good miner. Good miners know that when the singularity comes any bitcoin they hold from the sale of zec/eth/whatever mining will be worth its weight in unobtanium.

~LOL~

[eaLiTy]

If the price keeps on dipping it will be really difficult to get some profit out of it.Hope the price would come back to normal once the price of bitcoin settles. For all the folks who have free electricity it is their time to have some fun mining coins ,if not for the electricity charges everyone would be mining by now .

[m0niker]

If the price keeps on dipping it will be really difficult to get some profit out of it.Hope the price would come back to normal once the price of bitcoin settles. For all the folks who have free electricity it is their time to have some fun mining coins ,if not for the electricity charges everyone would be mining by now .

The difficulty drop from you guys backing out lets me get more coins per hash though!

[Amph]

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.

ROI ? Haha that never stopped a good miner. Good miners know that when the singularity comes any bitcoin they hold from the sale of zec/eth/whatever mining will be worth its weight in unobtanium.

~LOL~

that only true with bitcoin, all other are bound to die eventually

vega will not change anything if not very efficient and much faster than a 1070

we need a pump for better profit no faster gpu

[Casdinyard]

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.

ROI ? Haha that never stopped a good miner. Good miners know that when the singularity comes any bitcoin they hold from the sale of zec/eth/whatever mining will be worth its weight in unobtanium.

~LOL~

that only true with bitcoin, all other are bound to die eventually

vega will not change anything if not very efficient and much faster than a 1070

we need a pump for better profit no faster gpu

It has to be more efficient than the 1070 for miners to buy.

[QuintLeo]

Although obviosly it will use newer driver version not 15.12 which optimzied for minning.

 In my testing to date, 16.10.1 and 16.9.2 have been equally as good for mining on my R9 2xx and HD77xx/78xx series cards as 15.12

 I think 16.10.1 should probably be the new "go to" version for miners, though no reason to change existing rigs on older cards over if those rigs aren't going to have any cards added/updated to the RX 470/480.

[Kwiksave]

Although obviosly it will use newer driver version not 15.12 which optimzied for minning.

 In my testing to date, 16.10.1 and 16.9.2 have been equally as good for mining on my R9 2xx and HD77xx/78xx series cards as 15.12

 I think 16.10.1 should probably be the new "go to" version for miners, though no reason to change existing rigs on older cards over if those rigs aren't going to have any cards added/updated to the RX 470/480.

That is right. But for the R9 nano, the 16.9.1 is better than 15.12.

[QuintLeo]

Although obviosly it will use newer driver version not 15.12 which optimzied for minning.

 In my testing to date, 16.10.1 and 16.9.2 have been equally as good for mining on my R9 2xx and HD77xx/78xx series cards as 15.12

 I think 16.10.1 should probably be the new "go to" version for miners, though no reason to change existing rigs on older cards over if those rigs aren't going to have any cards added/updated to the RX 470/480.

That is right. But for the R9 nano, the 16.9.1 is better than 15.12.

 I don't have any Fury/FuryX/Nano series cards, so I have no specific opinion on that.

[lejudoka13]

Personnaly i think it still profitable if you have always the gpu and you doesn't need to buy them, cause the difficulty will increase in somedays i think so let's mine now, it is maybe the end of mining profitable !

[Westfiled]

Personnaly i think it still profitable if you have always the gpu and you doesn't need to buy them, cause the difficulty will increase in somedays i think so let's mine now, it is maybe the end of mining profitable !

I think it is still very profitable now.

[Vitkore]

Personnaly i think it still profitable if you have always the gpu and you doesn't need to buy them, cause the difficulty will increase in somedays i think so let's mine now, it is maybe the end of mining profitable !

It is profitable. But the hash rate is increasing fast. So if the price does not rise, you will lose money.

[QuintLeo]

It's going to take a HUGE drop in profitabilty before folks start losing money from operating a miner.

 It'll take quite a bit less to drop ROI to a level most miners will find unaceptable though.

 Too many folks getting SPOILED by the "less than 3 months" ROI on a lot of rigs right now.

[dumada]

It's going to take a HUGE drop in profitabilty before folks start losing money from operating a miner.

 It'll take quite a bit less to drop ROI to a level most miners will find unaceptable though.

 Too many folks getting SPOILED by the "less than 3 months" ROI on a lot of rigs right now.

That is right. I think we should prepare for the 6 months ROI now.

[malekbaba]

I want to share my ETH mining. I mined 40 ETH by a single GPU. I had 1 gtx 970. I mined 4 eths with it and lost gpu due to voltage issue. Then I started mining with a AMD 7950 and mined 30 ETH !!! Yes it took months and I really made profit by selling them. I wish I could hold them. I sold them when ETH was 0.02 or 0.025
I wish I could hold the coins. I would be at least in a great shape. That time I was earning around $2 from a gpu. I want to say, mine and hold. If you can. You will get unexpected reward.

[Luwonder]

I want to share my ETH mining. I mined 40 ETH by a single GPU. I had 1 gtx 970. I mined 4 eths with it and lost gpu due to voltage issue. Then I started mining with a AMD 7950 and mined 30 ETH !!! Yes it took months and I really made profit by selling them. I wish I could hold them. I sold them when ETH was 0.02 or 0.025
I wish I could hold the coins. I would be at least in a great shape. That time I was earning around $2 from a gpu. I want to say, mine and hold. If you can. You will get unexpected reward.

I had the similar experience.

[Raja_MBZ]

I want to share my ETH mining. I mined 40 ETH by a single GPU. I had 1 gtx 970. I mined 4 eths with it and lost gpu due to voltage issue. Then I started mining with a AMD 7950 and mined 30 ETH !!! Yes it took months and I really made profit by selling them. I wish I could hold them. I sold them when ETH was 0.02 or 0.025
I wish I could hold the coins. I would be at least in a great shape. That time I was earning around $2 from a gpu. I want to say, mine and hold. If you can. You will get unexpected reward.

Well partially I got a similar experience. I mined a lot of ETH and sold them at the rate of $10-$20. Now each ETH value is $300.

Cryptos are really, really crazy.

[Deepcleen]

I want to share my ETH mining. I mined 40 ETH by a single GPU. I had 1 gtx 970. I mined 4 eths with it and lost gpu due to voltage issue. Then I started mining with a AMD 7950 and mined 30 ETH !!! Yes it took months and I really made profit by selling them. I wish I could hold them. I sold them when ETH was 0.02 or 0.025
I wish I could hold the coins. I would be at least in a great shape. That time I was earning around $2 from a gpu. I want to say, mine and hold. If you can. You will get unexpected reward.

Well partially I got a similar experience. I mined a lot of ETH and sold them at the rate of $10-$20. Now each ETH value is $300.

Cryptos are really, really crazy.

That is right. It is better to keep them for the long term.

[BitPlace]

I want to share my ETH mining. I mined 40 ETH by a single GPU. I had 1 gtx 970. I mined 4 eths with it and lost gpu due to voltage issue. Then I started mining with a AMD 7950 and mined 30 ETH !!! Yes it took months and I really made profit by selling them. I wish I could hold them. I sold them when ETH was 0.02 or 0.025
I wish I could hold the coins. I would be at least in a great shape. That time I was earning around $2 from a gpu. I want to say, mine and hold. If you can. You will get unexpected reward.

Well partially I got a similar experience. I mined a lot of ETH and sold them at the rate of $10-$20. Now each ETH value is $300.

Cryptos are really, really crazy.

That is right. It is better to keep them for the long term.

I save majority of the mined coins and use some of them.