From mining ETH to...

[SidETH]

I get the feeling some miners dropped mining ETH and switched to other altcoins, simply based on the fact I (think I) see a lot less commotion around mining ethereum lately.
Have you dropped out of mining Ethereum and what's your altcoin of choice?

At the moment I'm still mining ETH. With 6x 1070GTX I'm making a profit of around 3.250-3.750 euros per year at current value. As I hope that ETH will rise in value to around 1500 euros per ether, it calculates back to around 21.000 euros per year. Sort of grab it while you can.

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[SidETH]

Everyone sticking with ETH it seems

[adaseb]

Its probably just variances that shows the constant hashrate for the last 48 hours. Everybody is still mostly mining ETH.

Believe me there is nothing there more profitable.

[thesmokingman]

Its probably just variances that shows the constant hashrate for the last 48 hours. Everybody is still mostly mining ETH.

Believe me there is nothing there more profitable.

Depends on hardware....

@Op - Best to do your own research as anyone with half a brain cell that's making a higher than average profit in this day and age would be shooting themselves in the foot ringing a bell to tell others where there's profit....you jumped in the game to mine, so put in your big boy/girl pants and do the research of a miner...in RL no one hands you a map and say go here and dig you'll find gold....have to do research and test drill till you strike pay dirt.

[Ben271286]

@Op - Best to do your own research as anyone with half a brain cell that's making a higher than average profit in this day and age would be shooting themselves in the foot ringing a bell to tell others where there's profit....you jumped in the game to mine, so put in your big boy/girl pants and do the research of a miner...in RL no one hands you a map and say go here and dig you'll find gold....have to do research and test drill till you strike pay dirt.

totally agree with that...or they will lead you in the wrong direction! dont be a sheep! make our own decisions based on your own research!

[SidETH]

Doing research? Using those (highly inaccurate) online calculators everybody advices? Please...
Just wondering if people were still in the ether game, or that some have moved on.
And sure, any golden advice is welcome

To be aded: I never ever hear people about future value of coins mined today. Is everybody selling to pay for the hardware? It seems a most crucial thing if youre in it for the long run.

[antantti]

Last time I mined eth was somewhere in August of 2016. I have done some after that just to get my "dust" out of all those pools I used back then.

Every new gpu you buy makes you more and more eth/ zec miner. Small miners have some safe havens but it's getting harder every day.

xmr, here we come...

[baskanx]

My favori

1 exp+dcr
2 exp+dcr
3 exp +dcr 😆

[dandreark1]

I imagined zec zen and hush would be the obvious choice for Nvidia card holders atleast..
I went eth to zec and i'm very satisfied to say the least.

[Metroid]

scamcoin is the most profitable coin, to mine it you just need to have more money than sense. On a sidenote, ropecoin has been profitable too but not as profitable as scamcoin, give a try, both are great alternatives.

[jwarren81]

With the OP's hardware, eth mining hasn't been the best profit since mid to late last year; if you are switching now, you missed out on a whole lot of profit.  But hey, better late than never to up your profits.  Look at whattomine.com, plug in your numbers and that will give you a good baseline for the minimum you should be making with your rig.  From there look at zpool.ca and yiimp.ccminer.org for the best algo's to mine using ccminer variants as your miner software.  Ethash dual mining can still be profitable with 1070s as well so keep claymore around for those when they are good.

Do your research and run the numbers to find the best thing to mine each day.  And yes, you should be checking daily to make sure you are at top profit . . . or find and automated way to do it.  (MultiPoolMiner, MinerControl, Nicehash, etc).

[talboris2]

in 1 month ETH wont be profitable

[nsummy]

To be aded: I never ever hear people about future value of coins mined today. Is everybody selling to pay for the hardware? It seems a most crucial thing if youre in it for the long run.

I personally convert my altcoins to bitcoin regularly.  I mine based on the current profitability, not what I think is going to happen.  Mining on what you think is going to happen seems like a waste of time.  Look at it this way.  If you thought some obscure African currency was going to skyrocket, would you let your job pay you in that just because you think it will be worth more?  Or would you rather be paid in USD and buy the African currency yourself to hold onto?

[SidETH]

To be aded: I never ever hear people about future value of coins mined today. Is everybody selling to pay for the hardware? It seems a most crucial thing if youre in it for the long run.

I personally convert my altcoins to bitcoin regularly.  I mine based on the current profitability, not what I think is going to happen.  Mining on what you think is going to happen seems like a waste of time.  Look at it this way.  If you thought some obscure African currency was going to skyrocket, would you let your job pay you in that just because you think it will be worth more?  Or would you rather be paid in USD and buy the African currency yourself to hold onto?

Well, then they can pay me in African currency at the exchange rate of that moment. Saves me the transaction costs.
This is exactly what I do now with Ether.

[onlinehandelen]

I like the way I do it. You might want to give it a try. I test different things almost daily. I set up a weekly schedule like:

Monday SIGT day
Tuesday ZEC day
Wednesday NiceHash day (just for some normal btc flow)
Thursday Hush, Ubiq what ever coin i feel like to
Friday ETH+SIA
Saturday ETH+DCR
Sunday SIA/DCR only

and next week can be totally different again.

just make a mix of coins and keep some btc itself. It's working for me so far and keeps it fun. PS I sit next to my rig like a lot of hours a day and switch sometimes if I get ''bad share streak''.

Edit: I mine mostly for fun and accumulating coins, not in this for a quick buck or ''get rich scheme''.

[mirny]

I'm not quite sure, if you can see ethereum at 1500€ anytime soon,
it would need 2x marketcap of bitcoin.

[Nilima-Temp]

I'm not quite sure, if you can see ethereum at 1500€ anytime soon,
it would need 2x marketcap of bitcoin.

I believe ETH will be Grown up Very soon & Now it is the perfect time for ETH Holding.