Is mining Ethereum profitable?

[funcryptoco]

Is mining Ethereum profitable this days, how we can start mining it?

[cryptobae10]

Is mining Ethereum profitable this days, how we can start mining it?

I want to believe this question will be best answered if you move it to the mining section of the forum
Ofcourse etherum is huge and rewarding; so I want to believe the mining will be rewarding too

[Gemliting]

yes by now, so you will get more profit when another bullish moment comes,
but my suggestion is mining another altcoins
try this site for calculations
Mining Calculator

[Tipstar]

Is mining Ethereum profitable this days, how we can start mining it?

It depends on different factors and most primarily by the electricity cost at your place.
GPUs are energy hungry machines, not only they require a lot of electricity but also a regular and constant voltage would be beneficial for its life.
Other things that affect are prices of GPU and other hardware, crypto market and price of Ethereum, it's difficulty, the size of the farm and a cooler climate would be a bonus.

[bonker]

Is mining Ethereum profitable this days, how we can start mining it?

It depends on your miner,what miner you have or atleast provide the hashrate to get what you are capable of mining.

Looks like you are new to mining so it might be a less powered miner so based on that you have to mine other altcoins with low difficulty compared to ethereum for more profits.

[serjent05]

Profitability is dependent on the resources you have, if you have a low cost electricity in your country then the answer would be yes.  If  you plan to hodl the Ethereum that you had mined until it multiplies in price then again the answer would be yes. But if you are just starting out, meaning you are to buy your mining set, then I would suggest that just buy ETH on the exchange and hodl it.  It will at least save you from the hassle of setting up and maintenance and the risk of your mining rig being busted before you got your ROI.

[Adriano2010]

For me no because to get a profit on a month i think Ethereum need to be over 300$ at least every month because on my country electricity is expensive, but on other countries may be profitable and should buy mining equipment and see how long will take to make ROI.

[okala]

You will have to move this thread to the mining section but if you ask me if mining ethereuem is still profitable then I will say yes because the market is so friendly and the transactions fee are a little bit on the high side with ethereuem gas fee seating at above 1.78$ per transactions. If you have a good working equipment and software then you make a great gain in your mining work.

[Ayobami99]

The topic will likely be moved to mining, you should check the thread just like the first commentator said. Nonetheless, mining ethereum might have no future because it is going to transition to PoS. Even on the PoS somebody speculated that it may not be profitable

[funcryptoco]

You will have to move this thread to the mining section but if you ask me if mining ethereuem is still profitable then I will say yes because the market is so friendly and the transactions fee are a little bit on the high side with ethereuem gas fee seating at above 1.78$ per transactions. If you have a good working equipment and software then you make a great gain in your mining work.

I thought mining section for only Bitcoin

[mrdeposit]

I do not have enough knowledge about mining. But, as far as I know, there should be sites that can help you to calculate it. Also check this section : Mining (Altcoins)

[caffu chino]

Is mining Ethereum profitable this days, how we can start mining it?

if ethereum's price is still like now, I think it's not profitable. maintenance and electricity costs are higher than mining revenues. moreover the current reward/block has been reduced. so this is also one of the considerations for those who want to mine ethereum.

[Pamadar]

Is mining Ethereum profitable this days, how we can start mining it?

Will be depends from your location as the electrical consumptions is always the big factors if you leave where the price of your electricity is cheaper then mining will bring some profits to you, need to read more about this venue of business before taking your step inside, invest with your knowledge.

[funcryptoco]

Is mining Ethereum profitable this days, how we can start mining it?

if ethereum's price is still like now, I think it's not profitable. maintenance and electricity costs are higher than mining revenues. moreover the current reward/block has been reduced. so this is also one of the considerations for those who want to mine ethereum.

This means that miners may leave mining, is that may cause die of the ETH?

[terrific]

Logically yes, I'm not a miner but think of it.
If mining ethereum is no longer profitable, it is impossible our transactions to get confirmed.

how we can start mining it?

Get some idea first and calculate on https://whattomine.com/ how profitable it is with a certain GPU that you prefer.

[pinoy.bolanon]

Is mining Ethereum profitable this days, how we can start mining it?

If you are running a mining farm, maybe it could be profitable since you will be handling a lots of computers, but if you are running a single computer, i think its not, you will be paying for an electric bill, and a lots of maintenance, so i think, a single computer could not be profitable.

I never tried mining but based on what ive heard, they dont recommend having a single computer

[lyks15]

I think you can get a profit but you I can't say that is profitable. Because even the operatibg expenses using electricity and internet is high cost and you will only mined small amount of coin then you will sell in a small exchanges so at the end have a very low salarybor worst you will be loss. To have a good mining site just search it to this forum.

[Situk brok]

Yes it's true, but you should buy ethereum for today, because the eth price goes up and down and day by day grows, if you use higher funds, you will get many benefits if you use this style.

[Shatterlean22]

Altcoins like ethereum are only profitable when bullruns are raging like now and it will favour those who can hold for long term but to mine ETH now you will be higher end GPUs and they are pretty costly

[Situk brok]

In my opinion, mining ethereum is profitable, but it is more profitable for you when you buy cheap prices and when you sell expensive coins.