Ethereum mining still profitable?

[coinfoundry]

The other problem is the ICE age or the diffculty bomb.

Which has been partially disarmed by the recent update.

[baga105]

The other problem is the ICE age or the diffculty bomb.

Which has been partially disarmed by the recent update.

So basicly this means.. more power = more coins ??
I mean.. The difficulty will be straight line just like on ETC?

[BitPlace]

The other problem is the ICE age or the diffculty bomb.

Which has been partially disarmed by the recent update.

So basicly this means.. more power = more coins ??
I mean.. The difficulty will be straight line just like on ETC?

In the near future, when the time bomb is defused, it is similar.

[Oasisman]

Very lucky that pos was postponed for another year

Mining is still profitable for people already in. I highly discourage anyone to join it now since in two months, maybe three, mining will completely stop because of Casper, meaning a transition from PoW to PoS.

What? What is it now? PoS soon or postponed?

PoS won't be until 2018 at the earliest. The fact that there is no concrete timeline should tell you a lot about how close to "finished" it is.

I think they should do the work properly before upgrading.

[margrettco62]

Yes in 2017. You can make a few bucks a day if you have a decent setup and cheap electricity.

[glowing10]

It is profitabile for people who made rig 2 months ago and earlier but i if you want to make rig now I think that isn't profitabile because ROI is near 1 year. Hardware is just so expensive.

Yes there are only few people left mining this in our country now because of some of the reason like electricity costs is very high. If you have your own space then its fine else rentals may kill you where electricity is 24 hours available. Plus the cost of rigs are expensive and above all ROI is a long period wait due to which buying directly is beneficial.

[Metroid]

I warned you trolls, you never listened to me hehe, right now profit per card is around $0.40 a day, mining 24 hours, soon will be $0.05 and we will get to a time where you will have to pay to mine hehe

But do not worry cause you can always trade your gpu's x fabricated coffins to rest in peace after you commit suicide hehe

[Marvell2]

I warned you trolls, you never listened to me hehe, right now profit per card is around $0.40 a day, mining 24 hours, soon will be $0.05 and we will get to a time where you will have to pay to mine hehe

But do not worry cause you can always trade your gpu's x fabricated coffins to rest in peace after you commit suicide hehe

dream on it wont never go to .05 per card are u crazy? mining across the board is all down due to the china fud
by end of oct nov coins will pump again and it will be back to at least 1.50 percard

[Metroid]

dream on, it will be back to at least 1.50 percard

The only one dreaming here is you, face the reality troll.

[Xianantung]

dream on, it will be back to at least 1.50 percard

The only one dreaming here is you, face the reality troll.

Why. I notice my card profit is less than $1.

[Metroid]

Why. I notice my card profit is less than $1.

It is much much less than whattomine says, so whattomine right now says $0.90 per card, that is bullshit, right now profit is around $0.35 per card. well i would not say profit at all, that is more like a gift money for keeping the network safe hehe, profit would be if it was more than $3 which was just for 3 weeks hehe.

[bazar111]

ETC is more profitable than ETH

[Opquar]

ETC is more profitable than ETH

I think the profitibility has changed a lot recently.

[mr.relax]

Finished mining already. Its a daily loss with my local electricity prices.
Never ever receiving back the hardware investment.
Just 3 Months ago there was a very nice ROI and profit.
The ETH difficulty bomb has hit me with full force...

just glad not bought more mining hardware

[Sev18]

Difficulty and price changes, profitability fluctuates within many PoW altcoins.
Multi algo mining could bring you some solutions.

[Natuhant]

Difficulty and price changes, profitability fluctuates within many PoW altcoins.
Multi algo mining could bring you some solutions.

For most of the altcoins, they adjust the difficulty every block, muilti pool mining is not as profitable.

[Ultegra134]

Ethereum GPU mining has started to die out after the recent difficulty spike of the last few days. It's noteworthy to mention that in the past few weeks, the highest difficulty was recorded (On 23rd of September). Switching to other coins to mine might be more profitable, at least for now, unless this situation changes any time soon, which I doubt.
A quick look on the difficulty chart has shown that the difficulty has dropped just a tad bit the last few days, but it's still way too high after mid September.

[Jistlad]

i think its still profitable,

You need to use the new generation cards if your electricity price is high.

[davemanet]

Ethereum GPU mining has started to die out after the recent difficulty spike of the last few days. It's noteworthy to mention that in the past few weeks, the highest difficulty was recorded (On 23rd of September). Switching to other coins to mine might be more profitable, at least for now, unless this situation changes any time soon, which I doubt.
A quick look on the difficulty chart has shown that the difficulty has dropped just a tad bit the last few days, but it's still way too high after mid September.

Yeah I rec mining different coins, just ETH isn't profitable anymore with the difficulty where it's at

[davemanet]

It's profitable still  & is going to be all the way into metropolis because the demand for ether is going to continue to go up. I've heard that metropolis greatly reduces the inflation so there will be substantially less coins generated so we are going to see a large increase again in the price before & after metro.

Can you explain? How does it reduce inflation?  Also when is metropolis?