Mining ETH is now no profit

[mak013]

People are looking at profits now and this is your biggest mistake.
In investing in mining and cryptocurrency, you must work on the edge of profitability. And due to rising prices, you will earn more than any of your other investments. Always look at the prospect.

Even if mine and sell it gives profit. I dont know how they counting or how much electricity costs. or what means "profit" for them.
The best choice is - "Ok, no profit, shut down and sell your rigs, dont cry looser".

[evenotto]

People are looking at profits now and this is your biggest mistake.
In investing in mining and cryptocurrency, you must work on the edge of profitability. And due to rising prices, you will earn more than any of your other investments. Always look at the prospect.

Even if mine and sell it gives profit. I dont know how they counting or how much electricity costs. or what means "profit" for them.
The best choice is - "Ok, no profit, shut down and sell your rigs, dont cry looser".

no need to be so cruel, especially to newbies.
I think for all this number of posts, he realized that his question was at least too facile.
As long as there is a large hashrate, then there is a profit of mining

[CryptoLing]

People are looking at profits now and this is your biggest mistake.
In investing in mining and cryptocurrency, you must work on the edge of profitability. And due to rising prices, you will earn more than any of your other investments. Always look at the prospect.

Well it not everyone have cheap electricity, bills is still coming every month regardless. Not every miner can apply the investing approach because of that fact.

[Partisson]

I think if the profit and loss problem is a common thing in mining, whatever the equipment is only a slight difference but maybe the problem is the problem when you mine the difference in price that is not far away when you buy and sell.
I mean if when buying at a price of $ 300-400 and when selling and you can be patient, wait for the price to rise, for example at the price of $ 800-1000 then you will assume another.

[Dr.Osh]

People are looking at profits now and this is your biggest mistake.
In investing in mining and cryptocurrency, you must work on the edge of profitability. And due to rising prices, you will earn more than any of your other investments. Always look at the prospect.

Even if mine and sell it gives profit. I dont know how they counting or how much electricity costs. or what means "profit" for them.
The best choice is - "Ok, no profit, shut down and sell your rigs, dont cry looser".

the current competition of miners is already very tight, and I think the profit generated is not so much compared to the electrical costs. however, only those who are smart enough to use electricity for free, and have the best GPU rig that might profit in this regard. right now, I am more interested in mining other altcoins besides eth.

[mak013]

no need to be so cruel, especially to newbies.
I think for all this number of posts, he realized that his question was at least too facile.
As long as there is a large hashrate, then there is a profit of mining

I see many people crying in this thread. Not all of them are newbies. Their silly crying angry me. I cant understand why people wants only freebie? Why they dont want to work and think? This is not so awful as someone says, i tries it really.

[kronos123]

the current competition of miners is already very tight, and I think the profit generated is not so much compared to the electrical costs. however, only those who are smart enough to use electricity for free, and have the best GPU rig that might profit in this regard. right now, I am more interested in mining other altcoins besides eth.

But in fact the goal should be just that; I don't understand why almost all users who approach mining look only at Bitcoin or Ethereum, which have a super competitive market, when there are hundreds of other coins to bet on and invest.

If you want to undermine Bitcoin or Ethereum and you have to buy rig or asic for $ 2-3-5000, you would first buy the same coins in the exchange and keep them in your wallet; you would earn faster, without risk and without worries.

[Beyerd17]

the current competition of miners is already very tight, and I think the profit generated is not so much compared to the electrical costs. however, only those who are smart enough to use electricity for free, and have the best GPU rig that might profit in this regard. right now, I am more interested in mining other altcoins besides eth.

But in fact the goal should be just that; I don't understand why almost all users who approach mining look only at Bitcoin or Ethereum, which have a super competitive market, when there are hundreds of other coins to bet on and invest.

If you want to undermine Bitcoin or Ethereum and you have to buy rig or asic for $ 2-3-5000, you would first buy the same coins in the exchange and keep them in your wallet; you would earn faster, without risk and without worries.

Those other coins and tokens beside Bitcoin and Ethereum are not as liquid as the two giants cryptoes. They are traded at every exchange and you can buy and sell immediately. Cant really say that about every other shitcoin with little to no volume.

[l3pox]

the current competition of miners is already very tight, and I think the profit generated is not so much compared to the electrical costs. however, only those who are smart enough to use electricity for free, and have the best GPU rig that might profit in this regard. right now, I am more interested in mining other altcoins besides eth.

But in fact the goal should be just that; I don't understand why almost all users who approach mining look only at Bitcoin or Ethereum, which have a super competitive market, when there are hundreds of other coins to bet on and invest.

If you want to undermine Bitcoin or Ethereum and you have to buy rig or asic for $ 2-3-5000, you would first buy the same coins in the exchange and keep them in your wallet; you would earn faster, without risk and without worries.

Those other coins and tokens beside Bitcoin and Ethereum are not as liquid as the two giants cryptoes. They are traded at every exchange and you can buy and sell immediately. Cant really say that about every other shitcoin with little to no volume.

well, there are MANY other projects with enough liquidity that you can mine and dump right away if you want, at least 100-300 out of BTC/ETH with good enough liquidity.
even better if you understand a bit of market cycles...

[Warranteum]

you don't HAVE TO PAY for electricity then you're getting profitable right?

[Psynthax]

you don't HAVE TO PAY for electricity then you're getting profitable right?

And you have to go to jail after the police already discovered your activity. if you have been stealing electricity to mine crypto like most of the cases that happened in china. Even you don't pay your electricity doesn't mean if you will be always on the profit. I just think when you got a big wave of new miners.

[mannybitcoins]

The whole essence of mining is now buried in the price of electricity. Think about it, because all the equipment is the same, the main difference in the price of electricity.

[swogerino]

The whole essence of mining is now buried in the price of electricity. Think about it, because all the equipment is the same, the main difference in the price of electricity.

Electricity price is only a big advantage to some persons who happen to live in parts of the world with really cheap electricity price.The true miners mine even at a loss waiting for the big day when the price of cryptocurrencies will much higher than it is now,that is the essence of mining.

[Kasperiko]

If you have access to solar panels wind or other free electricity, then think even with not the best mining farm you can earn very well.
But of course you have to mine in the pool. The difficulty grows and even if you are a major player, it is better to combine forces.

[ashmodeus]

Hello everybody,
Mining ETH now seems to be no profit.
I use VGA P106-100 6GB;  6 card
150Mh/s; 750W

Why many people still are mining ETH??

well,its depend how much u pay for powercost,
every country have a different price , on my country per 1 kWh just about +- 0.1 usd
and i use RX 570 4gb x 6 with average hashpower 180MH and Power consumption about 800W

[basicnecromancycr]

And what must be the conditions for ETH so that it would be profitable again? And I guess many other options are present for digging out there, right?

[superstarbtc]

People are looking at profits now and this is your biggest mistake.
In investing in mining and cryptocurrency, you must work on the edge of profitability. And due to rising prices, you will earn more than any of your other investments. Always look at the prospect.

People should understand mining is no way they make money fastly because it needs a lot of investment and it will take a lot of time to mature the coins. So we have considered other investment forms because we know how potentially the prices are increasing when the market starts recovering.

[Beyerd17]

Hello everybody,
Mining ETH now seems to be no profit.
I use VGA P106-100 6GB;  6 card
150Mh/s; 750W

Why many people still are mining ETH??

well,its depend how much u pay for powercost,
every country have a different price , on my country per 1 kWh just about +- 0.1 usd
and i use RX 570 4gb x 6 with average hashpower 180MH and Power consumption about 800W

There will always be some that has zero marginal cost of electricity, or at least they are not paying for it themselves, they leech off their family or steal the power. Some have it included in their rent.

[X-ray]

And what must be the conditions for ETH so that it would be profitable again? And I guess many other options are present for digging out there, right?

ethereum must worth a lot of money again to make it being profitable again. We have a lot of altcoins and we have so many options. But we are talking about ethereum right now. Remember ethereum has been getting block decrease in the first quarter of this year and less reward being distributed to the market. That will be only profitable if ethereum touch at least $600 rate again.

[bitkanu]

Hello everybody,
Mining ETH now seems to be no profit.
I use VGA P106-100 6GB;  6 card
150Mh/s; 750W

Why many people still are mining ETH??

well,its depend how much u pay for powercost,
every country have a different price , on my country per 1 kWh just about +- 0.1 usd
and i use RX 570 4gb x 6 with average hashpower 180MH and Power consumption about 800W

There will always be some that has zero marginal cost of electricity, or at least they are not paying for it themselves, they leech off their family or steal the power. Some have it included in their rent.

Zero cost of electricity if that's illegal is not right, I mean stealing is bad right and by the law you will be punished just like the recent cases about grandma stealing power, so that can't be taken into consideration.