Is Ethereum Mining Still Profitable in India?

[thecryptoknight]

In this bearish market i am thinking to invest in mining . Can you please guys suggest its good or not .

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[samsan]

yes use Gtx 1070 gpu

[etc-speedpool.com]

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[abdullahsurati]

In this bearish market i am thinking to invest in mining . Can you please guys suggest its good or not .

If you are thinking of getting into mining and paying its expenses with your mining income itself, then I will suggest not doing that because you will mainly lose your crypto in the expenditure.
Secondly, if you calculate using current market rates, it wont seem profitable at all. The ROI is beyond 1.5 years excluding electricity cost.

What I want to say that, people whi have a separate budget for expenditure, and are patient enough to hold their coins for say a year or more, can get into mining.

Small scale miners are in trouble right now because what they mostly do is pay using the crypto mined. And I think that makes no sense.

Hope this helps.
Abdullah Surati
www.cryptominingrig.in

[ray10110]

I think its better to invest in mining, because it has a great scope in future.So if you are satisfied with my thought then you must invest on minig.

[snkiworld]

In this bearish market i am thinking to invest in mining . Can you please guys suggest its good or not .

Yes mining is profitable but you need decent rig to get decent profit,atleast 5x amd rx 580 or 5x nvidia gtx 1070 will give you some good profit.

[Viper_Unleashed]

I don't think Ethereum mining is still profitable,unless the price shoots up or another round of bull run.

You can check approximate profit from these to sites and can calculate which coins to mine for most profit

https://crypt0.zone/calculator/s/jcjnytlt

https://www.cryptocompare.com/mining/calculator/

Each day the difficulty level rises so ROI will keep changing and will get elongated a bit more,considering present scenario ethereum it will take around 22 months/2years.I had been waiting for the latest asus mining master H370 motherboard which supports 20 GPU.Really very cool.
Amd cards gives good results but its power consumption compared to Nvidia is more.

But one thing still remains  Will crypto give you results in coming years ??
I guess we just have to be patient.
 Happy Mining.