Ethereum mining still profitable?

[davemanet]

Very lucky that pos was postponed for another year

WHen is it postponed until?

[1713240972]

1713240972

[1713240972]

1713240972

[imstillthebest]

I was wondering if ethereum mining is still profitable. So what do you say?

Is it still profitable to mine ethereum with GPUs and CPUs?

i think yes it is , but due to the increase of mining dificulty today and the cost of electric bills i suggest dont waste your time and money on mining etherium rather do some worth it to do like trading or investing because i see that you can earn more doing these compared to mining itself. also gpus/cpu mining are not much worth it compare to an actual hardware miner.

[Auponef]

Very lucky that pos was postponed for another year

WHen is it postponed until?

NO specific date. It means we can still mine for about a year.

[Oakey22]

Profit is down from when it was at $15 a rig. I am down to around. $4 a rig now but have free heating

[Za1n]

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?

It really doesn't as the poster you linked is relying more on wishful thinking than facts, and like many others has little to no understanding of how the ecosystem works.

The number of ETH rewarded per block is going down from 5 to 3, however the average block times will also go down from around 30 seconds to the 15-20 second range. This means on average we go from 10 new ETH per minute being generated to 9-12 ETH /min depending on the exact block-times. So in reality it will end up being a wash if not even a slight increase on coin issuance.

Also the new issuance or inflation really has a diminishing effect over time considering there are already over 95 million ETH in existence, so adding another 14,400 per day is only 0.015% being introduced daily. So again, the inflation is not really being substantially reduced nor is is being substantially increased. The price will continue to be effected more by other factors than it will by inflation.

As far as profitability, even though in general coin issuance will remain close to the same, overall network hashrate and thus difficulty continues to hold steady or even slightly increase. So while the price remains stable, mining profitability continues to slowly decline every day. The only way mining profits would double would be if the price suddenly doubles again, going to $600. However, this will be short lived as once again everyone will be adding hashrate thus reducing the overall mining profitability again.

It is pretty much a viscous circle and in the end no matter what happens the mining profits will usually stabilize at just above production costs, meaning eventually you will make maybe 5 cents a day per card after all costs are factored in.

[sc0rp1on]

It's still most profitable among major cryptos but small and new coins are more profitable sometimes

[Vitkore]

It's still most profitable among major cryptos but small and new coins are more profitable sometimes

That is right. Some times it is more profitable than the ZEC or Decred.

[Sanguintan]

It's still most profitable among major cryptos but small and new coins are more profitable sometimes

That is right. Some times it is more profitable than the ZEC or Decred.

It seems the ZEC has more potential to rise at the moment.

[tinytrader]

Is it wise wise to rely on a single coin, if you are a miner? New coins are coming each day. I mined few ETH, miss those old good memories. There is tremendous diff and mining becomes less profitable. Besides POS is coming anytime and very big number of miners will jump into other coins.  What if thousands of gpu starts mining zec or other coins at a time ? I hope I will get another coin like eth in future. That will make my mining profitable again.

[Kwiksave]

Is it wise wise to rely on a single coin, if you are a miner? New coins are coming each day. I mined few ETH, miss those old good memories. There is tremendous diff and mining becomes less profitable. Besides POS is coming anytime and very big number of miners will jump into other coins.  What if thousands of gpu starts mining zec or other coins at a time ? I hope I will get another coin like eth in future. That will make my mining profitable again.

It is very time consuming to find and mine the new coins. If you have many rigs, then stick with one.

[Deepcleen]

Is it wise wise to rely on a single coin, if you are a miner? New coins are coming each day. I mined few ETH, miss those old good memories. There is tremendous diff and mining becomes less profitable. Besides POS is coming anytime and very big number of miners will jump into other coins.  What if thousands of gpu starts mining zec or other coins at a time ? I hope I will get another coin like eth in future. That will make my mining profitable again.

It is very time consuming to find and mine the new coins. If you have many rigs, then stick with one.

The BTG could be profitable to mine in the near future.

[tigervn]

One day if digging Etherum with vga can earn $ 10. I have a factory around 1000 vga active everyday. This is my main source of income. The profits are still huge when digging Etherum.

[Mukulislam]

Ethereum mining is still profitable at the moment, but the difficult rises too fast. It might not be profitable soon.Ether will be dump as soon as possible.

[difeng]

i am mining ETH and it has been one month. so far it is still profitable
I use GPU mining.
here are my miners
https://i.imgur.com/Rc4pyWs.jpg

[mr.relax]

Difficulty has halvened. How that?

[FrogDogg]

Ethereum mine is very profitable.profitability better than ETH and takes less power too.

[imtav]

I'd say it's a difficult time to start up.  Building a rig is expensive compared to expected monthly income these days.  Probably take a year to get ROI.  Then again, we can't predict the future, and if you find cheap parts maybe you get lucky.

[Astonuse]

I'd say it's a difficult time to start up.  Building a rig is expensive compared to expected monthly income these days.  Probably take a year to get ROI.  Then again, we can't predict the future, and if you find cheap parts maybe you get lucky.

The altcoin mining could be more profitable in the short term as the price is rising.

[SiiGLe]

I believe it can be more profitable to invest carefully and wisely on markets instead of spending time , money and resources on ethereum mining. I’ve been always attracted by magic of mining but it’s kinda scaring me because in my country all hardware prices and cost of electricity is way beyond normal.

[Vitkore]

I believe it can be more profitable to invest carefully and wisely on markets instead of spending time , money and resources on ethereum mining. I’ve been always attracted by magic of mining but it’s kinda scaring me because in my country all hardware prices and cost of electricity is way beyond normal.

If you buy the good efficient card like the nVidia 1070, it is profitable. But the ROI is long.