"ETH mining is profitable, but not for long" -Techinasia

[lawlawlaw]

thoughts on this article anyone?
source: https://www.techinasia.com/talk/ethereum-mining-profitability

[rovchris]

I dont think the difficulty will change soon. but there will always be people who get free electricity and  put htere miners in that area. Fo those people, they will be profitable all the way to the end.

[Metroid]

free electricity

Like I always say, there is no free electricity, somebody always pay the bill.

ETH is done for till they hard fork it and when they do then price will probably be many times higher than what it is. I myself have been buying eth for a month when noobs dump it.

[eckmar]

I dont think the difficulty will change soon. but there will always be people who get free electricity and  put htere miners in that area. Fo those people, they will be profitable all the way to the end.

You don't have tho think. ETH team accounted that difficulty will be increased by almost 50% until the end of the year (September and November are two points If I remember right) and that is not counting additional miners that will increase difficulty even further.

[Vann]

I dont think the difficulty will change soon. but there will always be people who get free electricity and  put htere miners in that area. Fo those people, they will be profitable all the way to the end.

You don't have tho think. ETH team accounted that difficulty will be increased by almost 50% until the end of the year (September and November are two points If I remember right) and that is not counting additional miners that will increase difficulty even further.

That is not correct at all. The main reason for the drop in profitability is the programmed ICE AGE difficulty ramp up that was implemented to get miners prepared for the Casper POS release planned for the end of this year. Which exponentially increases the difficulty and block times artificially as the date to the switch to POS got closer.

Now that the move to POS has been postponed for at least 12 months, the ETH developers will undue the effects of the artificially high ICE AGE difficulty and return to the difficulty being predicated by the network hash rate and 15 second block times in the next fork scheduled for the end of September. If they can't push out the fork before the next pre planned ICE AGE ramp up, there will be another difficulty bomb on September 24th, until they release the fork.

https://themerkle.com/ethereums-metropolis-hard-fork-will-activate-at-the-end-of-september-2017

[ZenFr]

Mining Ethereum will be no longuer profitable : this is true, but not for these reasons.

PoS will never see the light.
AMD GPU hashrate will decrease more and more.
Ethereum will dump in the nexts month (again and again).

[Vann]

Mining Ethereum will be no longuer profitable : this is true, but not for these reasons.

PoS will never see the light.
AMD GPU hashrate will decrease more and more.
Ethereum will dump in the nexts month (again and again).

- Actually, the development for the initial hybrid POW/POS release is running as planned. With deployment anticipated for sooner, rather than later according to the developers.

https://www.youtube.com/watch?v=PQjeAZyL2_w&feature=youtu.be&t=4100

- AMD has already released the Windows drivers that fix the Dag epoch hash drop. The Linux fix is expected soon.

https://bitcointalk.org/index.php?topic=2092279.0

- My crystal ball is broken ATM, so can't confirm or deny.

[xxcsu]

Mining Ethereum will be no longuer profitable : this is true, but not for these reasons.

PoS will never see the light.
AMD GPU hashrate will decrease more and more.
Ethereum will dump in the nexts month (again and again).

PoS will never see the light. - You will be surprised soon 
AMD GPU hashrate will decrease more and more - All of my rx 470/480 gpu's hashing faster than a year ago 
Ethereum will dump in the nexts month (again and again). - if its going happen ( i doubt it ) that will be the best time to buy more 

[sevenmiles]

The conclusion is correct, but this writer...
how much out-dated or completely wrong information does this writer use to create this article...
"Moreover, Ethereum will be switching from a proof-of-work to a proof-of-stake framework sometime this year. "
"Now, let us look at it in another way. Instead of spending US$2,000+ in buying the mining rig and the electricity that you will end up consuming in a month, one can purchase 8+ ETH."

[trackers]

I dont think the difficulty will change soon. but there will always be people who get free electricity and  put htere miners in that area. Fo those people, they will be profitable all the way to the end.

Yeah I think this too, so long as the market doesn't fully crash

[silverthornne]

Ethereum will dump in the nexts month (again and again).

A few months forward, and Ethernet is still ok, why were you thinking that Ethereum will dump ?