Low profit mining, something is about to change?

[Veritas Platform]

so... at the moment mining is very low profit, you think that something can change with GPU Mining in the near future? or we have to continue like this?

[1715129917]

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[1715129917]

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[eckmar]

so... at the moment mining is very low profit, you think that something can change with GPU Mining in the near future? or we have to continue like this?

Look at mining profit over time. It have it's ups and downs. Yes it's very unprofitable now but next great coin to mine might be announced in a month or in a year. As miners we can't impact developers.

[Za1n]

so... at the moment mining is very low profit, you think that something can change with GPU Mining in the near future? or we have to continue like this?

The only thing that will change is continued difficulty increases and lower coin prices resulting in even lower profits. This is still the gravy times actually as far as mining, if you are not making profit now you will be a hurting unit in about a months time. Forget about those rosy 60-90 day ROI dreams, the reality is closer to 6-9 months, which still is not really all that bad. Welcome to the desert of the real.

[CodenameCOTC]

so... at the moment mining is very low profit, you think that something can change with GPU Mining in the near future? or we have to continue like this?

The only thing that will change is continued difficulty increases and lower coin prices resulting in even lower profits. This is still the gravy times actually as far as mining, if you are not making profit now you will be a hurting unit in about a months time. Forget about those rosy 60-90 day ROI dreams, the reality is closer to 6-9 months, which still is not really all that bad. Welcome to the desert of the real.

I totaly agree with you, ROI time is around 6-9 month.
being miner is still a nice side job for me, I have free electricity to use around 800W. 

[Kompik]

The profitability is fine, you can still break even very fast (usually after 1,5 - 2 months) which makes it low-risk investment.

[digaran]

The profitability is fine, you can still break even very fast (usually after 1,5 - 2 months) which makes it low-risk investment.

Do you have any proof to backup your claim about profitability of mining altcoins? if so could you provide us a few examples?
Like which coins and GPUs and with what electricity price.

[mettalmag]

The profitability is fine, you can still break even very fast (usually after 1,5 - 2 months) which makes it low-risk investment.

Do you have any proof to backup your claim about profitability of mining altcoins? if so could you provide us a few examples?
Like which coins and GPUs and with what electricity price.

That would be great, I'm stuck between ETH and ZEC

[suggsy89]

EXP is more profitable at the moment (up 10%), Eth second Zcash 3rd, I mine Zcash for feasibility, profit this month estimated $150.

[Za1n]

The profitability is fine, you can still break even very fast (usually after 1,5 - 2 months) which makes it low-risk investment.

Lol, yeah 45 to 60 days ROI, give me some of what you are smoking. Even using 3 cent power, ROI figures are closer to 7 months right now for the most profitable coins. With higher power costs it will be closer to the 9 month end of the spectrum, and even with "free" power it will still take 6 months to ROI on just the hardware. So unless you are mining some super secret coin there is no way you are ROI or reaching "break-even" in just 1.5 to 2 months.

[eckmar]

EXP is more profitable at the moment (up 10%), Eth second Zcash 3rd, I mine Zcash for feasibility, profit this month estimated $150.

Don't look at whattomine and believe them blindly. If coin is on first place (most profitable to mine) it could be just current price spike and it might not be too profitable when you go to exchange so always keep that in mind

[Amph]

The profitability is fine, you can still break even very fast (usually after 1,5 - 2 months) which makes it low-risk investment.

2 months? no way, assuming a 6 x 480 rig that cost you $200 x 6 + $400 for other components, that is $1600 total for a rig, let's round this to $1500

this same rig can give you only a net of $200 per month mining zcash at 5 cent electricity, which is not even standard, this is already 7.5 months...

hey we can even assume free electricity and still you need 6 months...ethereum make no real difference here

[allnewbie]

The time of making profit by just buying machine and mining normally day by day is over.

[Rapidgator]

The profitability is fine, you can still break even very fast (usually after 1,5 - 2 months) which makes it low-risk investment.

2 months? no way, assuming a 6 x 480 rig that cost you $200 x 6 + $400 for other components, that is $1600 total for a rig, let's round this to $1500

this same rig can give you only a net of $200 per month mining zcash at 5 cent electricity, which is not even standard, this is already 7.5 months...

hey we can even assume free electricity and still you need 6 months...etheruem make no real difference here

Absolutely right 

[adaseb]

The only thing that will hopefully change is it might slow down people loading up their entire house with GPUs due to the fear of losing money by not ROId.

Ethereum mining is at record lows right now.

[antantti]

Ethereum mining is at record lows right now.

Q4/ 2015 was much worse. Nethash was ~etc now, eth price was at $0.4-0.6 level. To compare, etc is now $0.9 so we are not even close YET.

[Giulini]

yes, something must change, looking at the running rig and thinking of good old days, heating up the room in winter ;-)

[Bitcoinsummoner]

It is worst thing to mine ethereum since the price is getting more decrease..
Many altcoin are still there that actually are profitable but not so much.. you can try other Pow coins. and study some altcoin gradually and look if what altcoin is the best to mine and profitable..

[Tmdz]

The only thing that will hopefully change is it might slow down people loading up their entire house with GPUs due to the fear of losing money by not ROId.

Ethereum mining is at record lows right now.

2017 is going to really suck and when ethereum goes pos then it's all over, unless Zcash can see a big boom in the market.  The bust can create future opportunity's for coins if the global gpu count takes a sharp decline then of course repeat the growth again.

[frostminer]

The only thing that will hopefully change is it might slow down people loading up their entire house with GPUs due to the fear of losing money by not ROId.

Ethereum mining is at record lows right now.

2017 is going to really suck and when ethereum goes pos then it's all over, unless Zcash can see a big boom in the market.  The bust can create future opportunity's for coins if the global gpu count takes a sharp decline then of course repeat the growth again.

Nah, there is too much power stuck in ETH now that will utterly slay the profitability of other coins when ETH goes pos.

The number is crazy.. about 5.6 Th/s

[maxmad_x]

The only thing that will hopefully change is it might slow down people loading up their entire house with GPUs due to the fear of losing money by not ROId.

Ethereum mining is at record lows right now.

2017 is going to really suck and when ethereum goes pos then it's all over, unless Zcash can see a big boom in the market.  The bust can create future opportunity's for coins if the global gpu count takes a sharp decline then of course repeat the growth again.

Nah, there is too much power stuck in ETH now that will utterly slay the profitability of other coins when ETH goes pos.

The number is crazy.. about 5.6 Th/s

All the rigs with 280s and 380s will die first. Then 290s and 390 and furies will die. Then nvidia rigs will die. Only RX470s and 480s will be remotely profitable for some time and then those will lose profitability too. Its gonna be cruel for newer miners who invested a few days to months back in new rigs.