Is the mining of Ethereum profitable?

[Tmdz]

You can tell how profitable Eth is by how hard it is to buy Amd Gpu's, currently it is next to impossible.

[pergola]

I think that in the future the ethereum will switch to a new protocol of work, which excludes mining. If this happens, the owners of equipment for mining will be very unhappy.

[Juggar]

I think that in the future the ethereum will switch to a new protocol of work, which excludes mining. If this happens, the owners of equipment for mining will be very unhappy.

No, everyone will just switch to another currency. Nvidia people will go to NeoScrypt coins and Equihash (Zcash) amd AMD guys (RX cards) will jump ship to other Ethash coins.

Nvidia users will have MUCH more flexibility when it comes to mining other coins whereas AMD RX users are more of a one trick pony for Ethash. AMD RX cards can mine other crpyto, but not nearly as good as Nvidia cards.

Thats why ive got Nvidia only, more efficient, better resale and most important, better flexibility. 

[klintistwood]

I think that in the future the ethereum will switch to a new protocol of work, which excludes mining. If this happens, the owners of equipment for mining will be very unhappy.

No, everyone will just switch to another currency. Nvidia people will go to NeoScrypt coins and Equihash (Zcash) amd AMD guys (RX cards) will jump ship to other Ethash coins.

Nvidia users will have MUCH more flexibility when it comes to mining other coins whereas AMD RX users are more of a one trick pony for Ethash. AMD RX cards can mine other crpyto, but not nearly as good as Nvidia cards.

Thats why ive got Nvidia only, more efficient, better resale and most important, better flexibility. 

I bought nvidia for the same reason but I would simply add that nvidia is good for most of the coins, it's only that RX cards are a bit better for some coin. You can make decent money with Nvidia on Ethash.

[borovichok]

Vitalik Buterin says that ethereum will soon switch to the protocol Proof-of-stake (PoS). This will mean the end of the mining ethereum. 

[KetyShery]

If you think that ethereum is not profitable now, tell me what is better to get on RX cards. I will be very grateful, since I am a newbie and I expect that you will give your helping hand.

[DigDeepMining]

If you think that ethereum is not profitable now, tell me what is better to get on RX cards. I will be very grateful, since I am a newbie and I expect that you will give your helping hand.

That would depend on what RX you have as each one as different hashrates for different algos...as I speak the RX 580 would get you $5.58 profit mining Pirl but only $4.41 profit mining Eth, check whattomine to see whats more profitable on that day

[KetyShery]

If you think that ethereum is not profitable now, tell me what is better to get on RX cards. I will be very grateful, since I am a newbie and I expect that you will give your helping hand.

That would depend on what RX you have as each one as different hashrates for different algos...as I speak the RX 580 would get you $5.58 profit mining Pirl but only $4.41 profit mining Eth, check whattomine to see whats more profitable on that day

Thank you very much, my cards are RX 580 4gb x5. Is that what is Whattomine is profitable? If the coins are not there and they are very profitable?

[ptolimeus]

In my opinion, the ethereum is quite profitable for mining. But in the future, the ethereum ministry will cease to be relevant. At least this is what Vitalik Buterin thinks.

[GregorWar]

i'm mining ETH and ETC for about 8 months now...and there was some period where ETH was low on price...but still i managed to cover my electricity bill...i'm paying around 180$ for elec...so at this price of ETH + DCR is very profitable to mine...around $10k/year...minus $2600 electricity cost's...it's still +$7k profit...this is half of my year's sallary...

[dagarair]

Vitalik Buterin says that ethereum will soon switch to the protocol Proof-of-stake (PoS). This will mean the end of the mining ethereum. 

LOL they have been saying POS for 2 years now basically as soon as it came out.  When it becomes POS then we all just move to other coins, no big deal.  There will always be other coins to mine.

[juanichiloco]

Plenty of options for AMD owners if Eth goes to POS, other Ethash coins like Ubiq, Pirl or ETP. My RX 570's also perform well with CryptoNight, Monero, Sumokoin, ETN and then theirs multiple Neoscrypt coins too.

[barhotka]

Naturally, ethereum is beneficial for mining. It will be even more profitable if eth seriously rises in price, and there are prerequisites for this.

[sergio red]

Hello, I'm thinking about the mining of Ethereum. Is this a profitable business? And how much do I need to invest in hardware?

ethereum mining is profitable, but there are some other coins available for mining, like monero,that can be a good choice for you depending on your purposes. and with the electricity cost how long mining ethereum will be profitable we don't know. but some are predicting about its better future. one of friend informed me that he is earning good,and he is hoping for more.

[maxiimallist]

Naturally, ethereum is beneficial for mining. It will be even more profitable if eth seriously rises in price, and there are prerequisites for this.

If you mean the release of the Casper Ethereum protocol, then yes, this is the start of a new phase of the development of the Ethereum ecosystem, which potentially can lead to fundamental changes in the network infrastructure. I hope this will seriously increase the value of this coin.

[Mastker]

I think that in the future the ethereum will switch to a new protocol of work, which excludes mining. If this happens, the owners of equipment for mining will be very unhappy.

They can mine other coins such as ZEC or ZEN.

[Pekine]

Mining Ethereum is definitly profitable. The price has dropped and the difficullty went up, but it's still profitable.

The statement that you need a big investment is not true neither (depending on what you call big). I have a small rig with 4 RX580 8 GB and it costed me 1500€. I started with one GPU and than gradually expanded. I buy my GPU's at around 300€, which is I think reasonably priced.

Take into acount your powercost, but even for me in one of the most expensive countries for electricity, I still earn a nice profit. You will not get rich of it, but you have some fun on it as well (otherwise you will go out and spend the money in the bar or so). 

[gawer33]

its depending on your wattage if its free then any card is profitable

[edwardceng]

....

They can mine other coins such as ZEC or ZEN.

yes, their can do it other coins, most importantly their coins are GPU based algorithm such Cryptonight Algo.

[dcjim1]

its getting less and less profitable as ETH prices crash. word of caution