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manav1112
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June 14, 2016, 02:41:26 PM |
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Based on my calculations Ethereum Cloud Mining is not profitable unless you can rent it much more cheaply than I've been able to find anywhere. You're better off just buying ETH on an exchange and holding it.
The Ethereum mining profitability calculators I've seen assume the network hashrate is static, when it's been growing rather rapidly. This means you are sure to OVERESTIMATE the amount of ETH mined.
Right now I wouldn't be willing to pay more than around $14 per MH/s of hashing power for a year. I'm not aware of any cloud miners that offer pricing anywhere close to that.
This is an established fact that all cloud mining except perhaps Hashnest are there to just loot your money. But you could try investing and making your own Eth Miner. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Mr. Kashif
Member
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Activity: 99
Merit: 10
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June 14, 2016, 08:11:47 PM |
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Some points which I posted in another thread but it suits the best here. Have a look.
Practically mining ETH is not that hard but making a ROI is because :
1. You have to calc. the price of whole rig (Motherboard, RAM, Processor, etc.) to carefully plan your ROI.
2. The graphic cards overheat if not maintained their heat levels.
3. Cannot implement immersion cooling. (Still working on this)
4. Upgrade in hardware like the SSD/HDD 'cause the applications developed stay on the blockchain.
5. The whole network has to be synced before you mine.
6. Cards can go bust/worn out. (life isn't guaranteed)
and many more. these are just the basics. Think about it. An do let me know if I'm wrong at any point. It'll be much appreciated.
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soyab0007
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June 14, 2016, 08:51:03 PM |
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Can anyone provide me beginner link on how to mine etherum?
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soyab0007
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June 15, 2016, 10:34:55 AM |
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Thanks..
Also where can I purchase ETH through BTC?
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manav1112
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June 18, 2016, 04:47:32 AM |
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Thanks..
Also where can I purchase ETH through BTC?
Use any exchange like Poloniex, etc. I have 2x 5 gpu mining rigs for ethereum, so any questions, you can ask... |
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soyab0007
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June 18, 2016, 10:20:32 AM |
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there is a big price drop in ETH..
is it safe to invest in ETH?
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soyab0007
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June 19, 2016, 10:24:41 PM |
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Is it safe to invest in ETH, after the news of hacking
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manav1112
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June 20, 2016, 12:28:24 AM |
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Is it safe to invest in ETH, after the news of hacking
The hack was on DAO, but it has lowered stakeholders trust on the Smart Contract concept. It will have an effect on ETH price, but it is safe to mine You wont be hacked in Ethereum, the coin itself is completely safe. |
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skang
Sr. Member
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Activity: 452
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from democracy to self-rule.
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June 20, 2016, 04:09:41 AM |
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This particular attack vector is specific to theDAO but the vulnerability is in Ethereum itself; since you can write anything in a turing complete language you can also write the virus to penetrate the underlying sandbox vm. You will see more such exploits in other smart contracts..
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"India is the guru of the nations, the physician of the human soul in its profounder maladies; she is destined once more to remould the life of the world and restore the peace of the human spirit.
But Swaraj is the necessary condition of her work and before she can do the work, she must fulfil the condition."
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bitcoinusd
Newbie
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Activity: 28
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July 24, 2016, 07:30:53 AM |
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I dont see it much profitable as i gone through some of the charts.
The investments and expenses are huge and the return is not soo good.So i dont think its profitable.
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manav1112
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August 12, 2016, 03:41:08 AM |
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I dont see it much profitable as i gone through some of the charts.
The investments and expenses are huge and the return is not soo good.So i dont think its profitable.
That changes with time, and care to explain what charts and what returns instead of just being general  |
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cryptowizzard
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December 15, 2017, 03:49:44 PM |
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Now that ethereum price went suddenly from 400 to 700 mining is again highly profitable. If difficulty will remain the same, ROI will be about one month. But for sure difficulty will skyrocket, let's see how fast. | Parameter | Value | | Network Hashrate | 23740.25 | | Hashrate Increment | 0.05 | | Network Blocktime | 15.09 | | Miner Hashrate(Mhs) | 150 | | Eth Price | 677.41 | | Price per KWatt | 0.1 | | Hardware Power(Watts) | 1150 | | Hardware Cost($) | 2000 |
Given the above values, a mining rig will generate: | Month | Revenue(ETH) | Revenue($) | Electricity Cost($) | Profit | ROI | | 1 | 3.18 | 2154.4 | 82.8 | 2071.6 | 71.6 | | 2 | 3.03 | 2051.81 | 82.8 | 4040.61 | 2040.61 | | 3 | 2.88 | 1954.1 | 82.8 | 5911.91 | 3911.91 | | 4 | 2.75 | 1861.05 | 82.8 | 7690.16 | 5690.16 | | 5 | 2.62 | 1772.43 | 82.8 | 9379.79 | 7379.79 | | 6 | 2.49 | 1688.03 | 82.8 | 10985.02 | 8985.02 | | 7 | 2.37 | 1607.65 | 82.8 | 12509.86 | 10509.86 | | 8 | 2.26 | 1531.09 | 82.8 | 13958.16 | 11958.16 | | 9 | 2.15 | 1458.18 | 82.8 | 15333.54 | 13333.54 | | 10 | 2.05 | 1388.74 | 82.8 | 16639.48 | 14639.48 | | 11 | 1.95 | 1322.61 | 82.8 | 17879.3 | 15879.3 | | 12 | 1.86 | 1259.63 | 82.8 | 19056.13 | 17056.13 | | Total | 29.6 | 20049.73 | 993.6 | 19056.13 | 17056.13 |
Estimated by Ethereum Mining Calculator15 December 2017 |
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chickenfried12
Legendary
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Activity: 1120
Merit: 1003
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December 20, 2017, 09:19:56 AM |
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you can check this pool and you will see when you start to mining https://eth.nanopool.org/help you 'll see the button calcutale and you can check your hasrate . |
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saicoolguy
Newbie
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February 03, 2018, 11:53:47 AM |
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the last time when i checked i think etherium was on top,but it consumes a lot of power and capital to set up.  price increases as the watt usage increases and depends from state to state. |
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