6GPUx RX470 still profitable?

[mariuslihet]

Hi there!

Is a rig made of 6xrx470 mining ETH still profitable?

i would like to know real opinions from members that own the same GPUS.

Thanks guys!

[Pasttimeuftor]

Hi there!

Is a rig made of 6xrx470 mining ETH still profitable?

i would like to know real opinions from members that own the same GPUS.

Thanks guys!

If your electricity price is less than 0.2$ per kW, it is still marginally profitable.

[Kronos21]

The price is 0,20 dollar for electricity is high rate. The installation of the 6 GPU per day will consume about 16 kilowatts of electricity. The mining speed of the Ethereum for such GPU 25+ Mh/s. It will be about $ 7.20 per day. Now consider its profitability. According to all indicators it is profitable, but the payback period is not small.

[Sev18]

It's still good mining rig for ethereum. It must be profitable.

[xxcsu]

Hi there!

Is a rig made of 6xrx470 mining ETH still profitable?

i would like to know real opinions from members that own the same GPUS.

Thanks guys!

the answer to your question is not easy ...
if you have a 6 card rig already and you got your ROI , then yes its profitable ...
If you building your 6 cards rig , or buying now , its not going to be profitable for you at least for a year , because the current ROI time will be around a year maybe a few months less , a few months more..
You also need to know your electricity rate including all taxes , fees ...
Another thing to consider , ETH is going to POS soon , maybe sooner than you can get your ROI ... of cousre then , there is a option to mine something else instead of ETH .

And i would like to quote myself again

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
It's little bit of gambling , you must to decide you want to play on the lottery or not  
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold the coins , miners