Mining ethereum totally off grid(Suggestion Needed)

[coinsmafia]

I am thinking of mining ether totally off grid,With 5xr7 370s
I studied each card draws around 190w on full performance,
So I wanna know if its worth going off grid making an initial investment on power source like solar setups and battery banks?

My power usage will be around 1200-1500w
 And this first time I am trying to self mine over cloud mining.

[adaseb]

No because by the time you get everything set up and running ETH will no longer be profitable to mine.

They also use like 110Watts each

[coinsmafia]

No because by the time you get everything set up and running ETH will no longer be profitable to mine.

They also use like 110Watts each

So instead of going off grid if I go on grid would that still be profitable on coming months?
What time would I get the ROI if so?
Spending around 1200 USD altogether

[LandOwner]

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

[coinsmafia]

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

Is the price gonna fall below $6 near soon?  So if I mined regular on 100 mh/s  and generate  70 Ether per month I would make 60% profit after paying for power and ROI after 5 months, and I see this a better option than cloud mining

[juni0r]

Dont go cloud mining. If you want to spend less than 2000$ and get hands on experience on mining then setup a rig with R9 390 as it is a recommended GPU for ETH mining as far as i read thru every where. If not wait for at least until Easter as I can see people need to liquidate their ETH coins to get ROI and $$$ for Easter Holiday. Thus, there is a down trend on ETH price because more supply and less demand [Economy 101]. Then you snatch up some coins during that time but you need to be  in the right time.

[adaseb]

Nobody knows what the price will be in 1 months, 6 months, etc.

There is always some degree of risk. Don't risk anymore then you can afford to lose.

The best time to start Ethereum mining was in January.

[juni0r]

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

Is the price gonna fall below $6 near soon?  So if I mined regular on 100 mh/s  and generate  70 Ether per month I would make 60% profit after paying for power and ROI after 5 months, and I see this a better option than cloud mining

I do not see ETH will be under $6 because this COIN will no longer be able to mine when POS kicks in as well as ETH is backed by Microsoft. Most likely flatten between 9$ to 7$ If MIST does not amuse us. Do you think Microsoft will let down themselves?

[adaseb]

The difficulty is rising fast and the price is dropping. Unless you have cheap electricity, do not start mining now

Is the price gonna fall below $6 near soon?  So if I mined regular on 100 mh/s  and generate  70 Ether per month I would make 60% profit after paying for power and ROI after 5 months, and I see this a better option than cloud mining

I do not see ETH will be under $6 because this COIN will no longer be able to mine when POS kicks in as well as ETH is backed by Microsoft. Most likely flatten between 9$ to 7$ If MIST does not amuse us. Do you think Microsoft will let down themselves?

lol

MSFT doesn't own any ETH.

They only allowed the platform on their Azure servers.

[coinsmafia]

Nobody knows what the price will be in 1 months, 6 months, etc.

There is always some degree of risk. Don't risk anymore then you can afford to lose.

The best time to start Ethereum mining was in January.

Certainity is always there,but even if the price fall and I keep on mining,I dont mind getting the ROI some time later.At least I will be keeping up generating ethers,No?

[LandOwner]

Nobody knows what the price will be in 1 months, 6 months, etc.

There is always some degree of risk. Don't risk anymore then you can afford to lose.

The best time to start Ethereum mining was in January.

Certainity is always there,but even if the price fall and I keep on mining,I dont mind getting the ROI some time later.At least I will be keeping up generating ethers,No?

If the price is below the cost of mining, it is better to buy the coins instead of mining the coin directly.