Ethereum mining still profitable?

[Brucelats]

In a few days the difficulty will get jacked up again, so possibility the profit will see a 20% cut.

How did u know about this difficulty jump? Where are infos about that stuff? I want to learn about it to predict things. Like this 0.5 eth per month loss, was 5.1 and now 4.6 in 1 day was a suprise for me. Cheers!

[Saphire]

In a few days the difficulty will get jacked up again, so possibility the profit will see a 20% cut.

How did u know about this difficulty jump? Where are infos about that stuff? I want to learn about it to predict things. Like this 0.5 eth per month loss, was 5.1 and now 4.6 in 1 day was a suprise for me. Cheers!

me too

[SubZer0]

My profit also wen't down today, ETH and SIA.
Like down a lot even with the price of ETH went a little up.
You can always change to another ALGO, but don't know for sure now if i should buy more GPU.

[Cereberus]

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.

you do not think correctly. Chech ethereum profit calculators. With the increase in network hashrate,increase in difficulty due to the dirty bomb and the value which is half what it was 2 months ago, you are wrong. Even a 1070 will net less than a dollar a day after electric cost.

If you didn't buy gpus over priced then it is still a profitable decision, holding coins is always a good decision and with 31mhs on a gtx 1070 (presumably you can get more), you'll be netting 1.77-1.9$ per day as of current rates, even if you're left with 1.5$ as profit that's an ROI of 200-250 days depending on difficulty if it doesn't bomb as much more. That's a pretty good profit for a passive income business, if you hold coins and they go up, more profit.

The problem is that the difficulty will go up more and more with the passing of time (very nearby time). The problem is here in Italy I see people building 25.000-50.000 Euro worth of rigs with RX series(yes I have setup some for them as they have bought blindly) and they will surely increase difficulty.

One of my personal rigs which consists only of 3 Nvidia cards I have switched it to Zcash mining with EBWF Zcash miner. I was running them in Nicehash for Ethereum mining but I don't think it's worth anymore. Zcash mining gives me 7-10 USD more for a card if the coinwarz calculator is right.

[cryptotore]

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.

you do not think correctly. Chech ethereum profit calculators. With the increase in network hashrate,increase in difficulty due to the dirty bomb and the value which is half what it was 2 months ago, you are wrong. Even a 1070 will net less than a dollar a day after electric cost.

If you didn't buy gpus over priced then it is still a profitable decision, holding coins is always a good decision and with 31mhs on a gtx 1070 (presumably you can get more), you'll be netting 1.77-1.9$ per day as of current rates, even if you're left with 1.5$ as profit that's an ROI of 200-250 days depending on difficulty if it doesn't bomb as much more. That's a pretty good profit for a passive income business, if you hold coins and they go up, more profit.

The problem is that the difficulty will go up more and more with the passing of time (very nearby time). The problem is here in Italy I see people building 25.000-50.000 Euro worth of rigs with RX series(yes I have setup some for them as they have bought blindly) and they will surely increase difficulty.

One of my personal rigs which consists only of 3 Nvidia cards I have switched it to Zcash mining with EBWF Zcash miner. I was running them in Nicehash for Ethereum mining but I don't think it's worth anymore. Zcash mining gives me 7-10 USD more for a card if the coinwarz calculator is right.

The increase in diff is mainly because of the ice age, not increased hashrate!

[BennyT]

Ethereum just keeps getting nailed .. I'm down to 50% less effective today. Well that was a big hit. Probably have to make some changes to the rig this weekend and start mining a different coin.

[swalayan]

you do not think correctly. Chech ethereum profit calculators. With the increase in network hashrate,increase in difficulty due to the dirty bomb and the value which is half what it was 2 months ago, you are wrong. Even a 1070 will net less than a dollar a day after electric cost.

People are stupid or want to be stupid, mining is not a simple thing, hardware breaks, warranty in most cases dont work, problems occurs like thunders, lightning strikes and you lose all the hardware, you need to replace and buy new ones, some of them will break within 2 months, some within 3 months and so on, so people should never calculate what estimates tell them too and if they do then they are stupid. A ROI of 12 months means 24 months ~ 48 months and in most cases they will not get their money back at all.

Soon the difficulty will increase drastically because of ice age.

wow, u make me paranoid 

[descarte]

the price of eth must go up, else casper must come asap.

[ngerok]

Ethereum mine is very profitable, my friends are a lot of mine Ethereum. Thus Mine Ethereum can be said to be very profitable.

[Xianantung]

Ethereum mine is very profitable, my friends are a lot of mine Ethereum. Thus Mine Ethereum can be said to be very profitable.

Your friend must have very cheap electricity and the efficient cards.

[mr.relax]

With the low eth rate at exchanges, the profitability is going down badly.
I cancelled my orders for more rigs...

[Michael20]

[/quote]

I think it is still very profitable now.
[/quote] you do not think correctly. Chech ethereum profit calculators. With the increase in network hashrate,increase in difficulty due to the dirty bomb and the value which is half what it was 2 months ago, you are wrong. Even a 1070 will net less than a dollar a day after electric cost.
[/quote]


One of my personal rigs which consists only of 3 Nvidia cards I have switched it to Zcash mining with EBWF Zcash miner. I was running them in Nicehash for Ethereum mining but I don't think it's worth anymore. Zcash mining gives me 7-10 USD more for a card if the coinwarz calculator is right.
[/quote]

How you come on 7-10USD? Think you have a wrong hashraste inserted

[Kwiksave]

With the low eth rate at exchanges, the profitability is going down badly.
I cancelled my orders for more rigs...

I did the same. If the price do not recover, I will sell my rigs.

[Kanine Awe]

It's still profitable ETH is at a decent price.  Hopefully it remains stable and doesn't do anymore huge swings, because thats just a pain when mining.

[lentyna]

I've been mining SIGT for the last week, profitability better than ETH and takes less power too.

[Rastadon]

Ethereum mine is very profitable, my friends are a lot of mine Ethereum. Thus Mine Ethereum can be said to be very profitable.

He must have very cheap electricity.

[kinzey]

how many rigs do you need to make it profitable?? and its also hard to find 470's

[Hamphser]

how many rigs do you need to make it profitable?? and its also hard to find 470's

Its really hard to find 470's as of now since its been almost sold out in most places on any country.Just like on my place theres really a scarcity of GPU on which most people here are already engaged on mining etherium mostly and other altcoins in the market suppose it can be mined by using GPU. Mining would be profitable though in my place on just having 470.. For about 7pcs of it would be sufficient enough to have a profit on monthly basis.

[BennyT]

I've been mining SIGT for the last week, profitability better than ETH and takes less power too.

Which wallet / miner are you using?

[oup59]

I've been mining SIGT for the last week, profitability better than ETH and takes less power too.

What is your rig? AMD or Nvidia cards?