MINING STILL PROFITABLE?

[V-t.Ester]

Profitable, yeah! But profit decreases very fast now. Difficulty always rises, so the pay-off period of your mining rig now can take more then a year.

[1715121302]

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[1715121302]

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[1715121302]

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[1715121302]

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[IamRune]

If you where to buy a 200 MH ETH mining rig off ebay.  Current pricing is $1,800.

You would need approx 340 days or 11 months to obtain Capital Recovery. 
This assumes electric rate of 10cents.
Also assumes price & difficulty stay the same.

However, if the price of Ethereum where to increase 2x and difficulty would stay the same you could roughly reach capital recovery in 6 months.

However, in my humble opinion you could be profitable after 7 months if the crypto market expands.
Mining however, should be a long term investment and you should not be mining if you want to take daily profits.

Many people make mistakes selling their crypto early and miss out on the longterm gains.

Also if you live in the US, it would make sense to set your payouts higher to comply with tax codes.
 

Sources:
https://www.ebay.com/itm/197MH-s-7-AMD-GPU-6-x-RX480-1-x-RX470-Ethereum-Mining-Rig-No-Reserve/152951331198?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2055119.m1438.l2649

Whattomine:
http://whattomine.com/coins?utf8=✓&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=7&adapt_480=true&adapt_q_570=0&adapt_q_580=0&adapt_q_vega56=0&adapt_q_vega64=12&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=0&adapt_q_1070=0&adapt_1070=true&adapt_q_1070Ti=0&adapt_q_1080=0&adapt_q_1080Ti=0&eth=true&factor%5Beth_hr%5D=206.5&factor%5Beth_p%5D=945.0&grof=true&factor%5Bgro_hr%5D=126.0&factor%5Bgro_p%5D=910.0&x11gf=true&factor%5Bx11g_hr%5D=46.9&factor%5Bx11g_p%5D=980.0&cn=true&factor%5Bcn_hr%5D=5110.0&factor%5Bcn_p%5D=770.0&eq=true&factor%5Beq_hr%5D=2030.0&factor%5Beq_p%5D=840.0&lre=true&factor%5Blrev2_hr%5D=34300.0&factor%5Blrev2_p%5D=910.0&ns=true&factor%5Bns_hr%5D=5740.0&factor%5Bns_p%5D=1050.0&lbry=true&factor%5Blbry_hr%5D=665.0&factor%5Blbry_p%5D=980.0&bk14=true&factor%5Bbk14_hr%5D=9800.0&factor%5Bbk14_p%5D=1050.0&pas=true&factor%5Bpas_hr%5D=4830.0&factor%5Bpas_p%5D=945.0&skh=true&factor%5Bskh_hr%5D=126.0&factor%5Bskh_p%5D=805.0&factor%5Bn5_hr%5D=133.0&factor%5Bn5_p%5D=805.0&factor%5Bl2z_hr%5D=420.0&factor%5Bl2z_p%5D=300.0&factor%5Bxn_hr%5D=11.2&factor%5Bxn_p%5D=840.0&factor%5Bcost%5D=0.1&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=abucoins&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=Main&commit=Calculate

[bernike]

I thing mining is still profitable. Because that depends what gpu you use andwhat coin you will mining. But indeed for now the price of gpu is very expensive. So my conclusion mining still profitable but not as much as the previous year. Happy mining brother / sister... 

[shkon5]

Its profit has been very low. Most of the costs have been taken away by electricity. I think it is not worthwhile to conduct mining now.

[Metroid]

Its game over trolls, check the profitability.

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=180.0&fee=2.0&cost=0.2&hcost=450.0&commit=Calculate

now if you electricity is $0.3 then everyday you will have to pay $0.26 to the power company. So it means, is game over trolls hehe

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=180.0&fee=2.0&cost=0.3&hcost=450.0&commit=Calculate

[sigtmerchant]

What about mining for a long-term, hoarding coins that looks solid and may have potential in crypto future?

Than't what smarter miners usually do, especially during times like this.

[retard75]

Its game over trolls, check the profitability.

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=180.0&fee=2.0&cost=0.2&hcost=450.0&commit=Calculate

now if you electricity is $0.3 then everyday you will have to pay $0.26 to the power company. So it means, is game over trolls hehe

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=180.0&fee=2.0&cost=0.3&hcost=450.0&commit=Calculate

I appreciate your honourable and continuously efforts to lower the difficulty by demotivating the miners. May the Crypto Gods be with you!


Btw: I pay 0.265USD/kWh and I'm still at 140%R.O.I. (after all exchange fees, based only on electricity costs, let's keep hardware out of that equation, lol);

But not with ETH. (Don't ask. I won't tell.)

I have still 2 to 3 weeks left before turning off the rigs. What will indeed happen for all of us at some point in the future.

[Metroid]

Btw: I pay 0.265USD/kWh and I'm still at 140%R.O.I. (after all exchange fees, based only on electricity costs, let's keep hardware out of that equation, lol);

But not with ETH. (Don't ask. I won't tell.)

I have still 2 to 3 weeks left before turning off the rigs. What will indeed happen for all of us at some point in the future.

If i were you i would turn off right now cause pools usually steal 30% or more profit from the calculation, be aware of that. Bitcoin crashing is fine cause  asic companies would never lose profitability now gpu miners are losing everyday as eth price crashes.