Ethereum mining still profitable?

[cryptowizzard]

I think the response needs to be a little more elaborated. Ethereum mining will always be profitable for some folks. This is the main incentive for which someone is willing to spend money on electricity and hardware to keep the ethereum network up. The question here is which is the electricity cost under which mining is profitable, which is the profit margin and the ROI, which are the risks involved. I started to mine ethereum when eth price was between 1 and 2 usds and I live in a region where electricity is not cheap. When the eth price is stagnating mining becomes unprofitable for me. When the price goes up it becomes again profitable until the difficulty rises to match the price. Based on my experience I created an ethereum mining calculator which is quite accurate. I think it's the most advanced calculator as of now and I use ti by myself to estimate how profitable is ethereum mining.

[Ligareaux]

I have some ether in my wallet, but i stopped mining it long ago as there are so many altcoins with better profit in short term, so i mine other coins and buy BTC and ETH.

Can you give me some examples of others alts best to mine than eth?

[dumada]

Cant you imagine what happenes if all ETH Miners switch to Zcash or something else thats GPU Mineable? The difficulty will boom and the profit descend there too.
Well, I agree there is still time left for ETH Mining. But I would not buy new GPUMiner now...

When they switch to ZEC, it will make ZEC more popular, so the price could rise. That will compensate the rise of difficulty.

[mr.relax]

Eth had been worser to min than now, now its better than BTC.
But high profits are gone with the low exchange rates.
As you pay approx 4000USD for a 220MHs/s rig, its not worth to buy one now.

If you got cheap supply of graphiccards and mount the rigs on your own and dont pay for energy, its worth.
Otherwise let it be.

[BennyT]

I don't think ETH has ever been profitable to mine relative to other alts in terms of a daily return or at least not consistently for a very long time now. However, it's increasing value means even if it's not profitable or as profitable as other coins today, the increase ETH experiences makes it a no brainer to mine.

[fluxy12]

I've invested 10k, my mines generate 2,5k, my power cost is 0,2k = final profit 2,3k in a month. Conclusion = yes, after 4,5 month, mining eth will be profitable for me.

Goodbye

[mr.relax]

If you generate 2.5k now, you must have ~1000MH/s
This are ~30 pieces of 1070 or 1080.

I want to buy that complete hardware also for only 10k.
Including the electricity setup.

Well, I need a supplier for GPU machines.
May I know where you bought?

[fluxy12]

Hello, i have bought exactly 6 pcs 1060 GTX 6gb and 24 pcs RX 580 8gb, here in France. It was last month the rx 580 were around 350usd + or -. Now i've check and there is no more stock anywhere here ... so i can't help for the furbishers.

[dumada]

I've invested 10k, my mines generate 2,5k, my power cost is 0,2k = final profit 2,3k in a month. Conclusion = yes, after 4,5 month, mining eth will be profitable for me.

Goodbye

If the price of the coins drops or the difficulty rises, it will take longer to ROI. But it seems your power cost is very low.

[Luwonder]

Eth had been worser to min than now, now its better than BTC.
But high profits are gone with the low exchange rates.
As you pay approx 4000USD for a 220MHs/s rig, its not worth to buy one now.

If you got cheap supply of graphiccards and mount the rigs on your own and dont pay for energy, its worth.
Otherwise let it be.

I think the difficulty level is rising fast for the bitcoin. Also with GPU, you can choose many coins to mine.