Mining ETH is now no profit

[thefaucetrunner]

It looks like mining is not profitable right now but if ETH price can catch ATH value, today's mining value will be profitable again. So, this is why people still continuous on mining.

i agree with you, when eth at current price it might nothing for you or non profitable, but this is only happened in a few moment...when the bull comes you will definitely grab all of your profit and will cover the cost when it non profit...not only mining eth, most of eth hodler are start to confuse seeing current market trend, but they still believe the time will come soon, so we better hodl it in a long term period.

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[Viceroy]

The benefit is still there, that's only if you have electricity is not free, then in this case it is not profitable for you to produce Ethereum.

[GhostWithin]

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.

Yes, this is wrong, but it happens. Therefore, this should be taken into account.
But someday it should end. Even in Russia, where mining was almost not regulated by banks, there was a case when a bank requested a wallet address and confirmation of payment for electricity.

[bitkanu]

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.

Yes, this is wrong, but it happens. Therefore, this should be taken into account.
But someday it should end. Even in Russia, where mining was almost not regulated by banks, there was a case when a bank requested a wallet address and confirmation of payment for electricity.

Well that's kinda messed up when a Bank or even worse government requesting a wallet address just for electricity bill, It's like they knew everything.
However, zero cost of electricity could from an alternate renewable energy and that's by any means not stealing. well, I guess i'm agree with your statement that whether that's illegal or legal shall be taken into consideration because they just happened.

[kronos123]

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.

You are both right, but @starkovblue you have to understand that when the prices of the coins increase the number of the miners increases and therefore salt the hashrate of the currency with a decrease of the profitability; @superstarbtc instead you have to understand that those who invest in mining, in addition to time and Roi, also look to anonymity, because it is almost the only way to have coins without registering with kyc in some exchange, or making a transfer or with credit card (in all cases it is tracked by the regulator).

[mak013]

You are both right, but @starkovblue you have to understand that when the prices of the coins increase the number of the miners increases and therefore salt the hashrate of the currency with a decrease of the profitability; @superstarbtc instead you have to understand that those who invest in mining, in addition to time and Roi, also look to anonymity, because it is almost the only way to have coins without registering with kyc in some exchange, or making a transfer or with credit card (in all cases it is tracked by the regulator).

More interesting that mining right now to sell right now is profitable for everyone, who have electricity cheaper then $0.2 and bought his GPU more than a year ago.

[Wayan_Pedjeng]

It's definitely profitable and all depends on your power cost, that and Eth is a coin people are speculating on.

ETH is definitely one of the coins that we are all speculating on. In case a bull run occurs during the second half of 2019 or 2020, then ETH will be one of the coins that will appreciate the most. But you need to make a choice between mining at a loss (especially of the returns are not enough to cover the electricity costs) and purchasing ETH form the exchanges at lower cost. And I would say that the latter is an option that I would chose.

[Beyerd17]

It's definitely profitable and all depends on your power cost, that and Eth is a coin people are speculating on.

ETH is definitely one of the coins that we are all speculating on. In case a bull run occurs during the second half of 2019 or 2020, then ETH will be one of the coins that will appreciate the most. But you need to make a choice between mining at a loss (especially of the returns are not enough to cover the electricity costs) and purchasing ETH form the exchanges at lower cost. And I would say that the latter is an option that I would chose.

Don't make that choice. I would chose neither, I would rather invest in another project that has much greater potential than Ethereum. In a future bull run the tide would lift all ships, not just ETH.

[bittick]

It's definitely profitable and all depends on your power cost, that and Eth is a coin people are speculating on.

ETH is definitely one of the coins that we are all speculating on. In case a bull run occurs during the second half of 2019 or 2020, then ETH will be one of the coins that will appreciate the most. But you need to make a choice between mining at a loss (especially of the returns are not enough to cover the electricity costs) and purchasing ETH form the exchanges at lower cost. And I would say that the latter is an option that I would chose.

Kinda makes sense. Mining right now is like just there to give you a little profit, even people just could make their ends meet. buying off exchanges at a lower price will save any effort and there's no reason to be burdened with technical problems.
However. ever better is that POS coin that are simply just requires you to stake, that'd be more convenient way for people who just dont think mining is profitable because electricity.

[Makingsure]

i, like many others i believe, see a better future price in ETH, and hodler for those times, maybe ill do the staking POS thing, maybe not, but i believe when/if ever mining stops, we will see like 2000$ again in price :O

no profit now matters not, think long young padiwans

[bittick]

i, like many others i believe, see a better future price in ETH, and hodler for those times, maybe ill do the staking POS thing, maybe not, but i believe when/if ever mining stops, we will see like 2000$ again in price :O

no profit now matters not, think long young padiwans

Thinking that ETH will reach $2000 is basically like betting your money on it, you don't know when will that happens and will that really happen.
Being miners is all about calculating the profit that you got at the current time of mining so that does make sense if peolpe always think about how profitable their mining rigs are.

[Christinebeauty]

I think ETH is still a good coin to mine and its fetching profit for people. It only becomes unprofitable when you are still inexperienced and  your rigs are not so powerful. You can try mining other coins if you feel ETH is not fetching you the profit you need

[r32godzilla]

Because if all miners shut down the mining rigs, then the network will collapse, no transactions will be confirmed, the security of the network become 0 and that will completely kill the coin. So the mining has to be profitable, maybe only for someone who has free electricity, but will be profitable to keep network alive.

[Golftech]

i, like many others i believe, see a better future price in ETH, and hodler for those times, maybe ill do the staking POS thing, maybe not, but i believe when/if ever mining stops, we will see like 2000$ again in price :O

no profit now matters not, think long young padiwans

Thinking that ETH will reach $2000 is basically like betting your money on it, you don't know when will that happens and will that really happen.
Being miners is all about calculating the profit that you got at the current time of mining so that does make sense if peolpe always think about how profitable their mining rigs are.

It's business so you need to calculate everything, unless you are really have some  guts to continue mining this coin and hold those rewards then
wait till the value will hit your desire amount, there's no point for miners to continue if he knows that there's no longer earnings that can be earned
instead, everything will only go to expenses.

[babos8383]

Now the market is recovering a little and profits are rising, but still very little return on graphics cards at this rate. We hope that Ethereum will grow.

[adaseb]

Now the market is recovering a little and profits are rising, but still very little return on graphics cards at this rate. We hope that Ethereum will grow.

Profits have only gone up for BTC and LTC. For most alt coins which are mineable like ETH not so much.

One reason is that ETH did go up a little but so did the difficulty. And while BTC and LTC is hitting yearly highs, ETH is still below the $300 mark. I think if ETH breaks $500 or so then finally we will see easy profits of $1-$1.50/day/gpu like we did for most of 2018.

However keep in mind that there are many ASICs now and tons of powered off GPUs which will eventually come online when the profitability is high.

[rdluffy]

Now the market is recovering a little and profits are rising, but still very little return on graphics cards at this rate. We hope that Ethereum will grow.

Profits have only gone up for BTC and LTC. For most alt coins which are mineable like ETH not so much.

One reason is that ETH did go up a little but so did the difficulty. And while BTC and LTC is hitting yearly highs, ETH is still below the $300 mark. I think if ETH breaks $500 or so then finally we will see easy profits of $1-$1.50/day/gpu like we did for most of 2018.

However keep in mind that there are many ASICs now and tons of powered off GPUs which will eventually come online when the profitability is high.

If, or when ETH hits 500 USD or more I expect a huge amount of GPUs pointing to ETH, some people will turn on their rigs again
If ETH hits 1000 USD I expect a new run to buy GPUs again

[bittick]

Now the market is recovering a little and profits are rising, but still very little return on graphics cards at this rate. We hope that Ethereum will grow.

Profits have only gone up for BTC and LTC. For most alt coins which are mineable like ETH not so much.

One reason is that ETH did go up a little but so did the difficulty. And while BTC and LTC is hitting yearly highs, ETH is still below the $300 mark. I think if ETH breaks $500 or so then finally we will see easy profits of $1-$1.50/day/gpu like we did for most of 2018.

However keep in mind that there are many ASICs now and tons of powered off GPUs which will eventually come online when the profitability is high.

If, or when ETH hits 500 USD or more I expect a huge amount of GPUs pointing to ETH, some people will turn on their rigs again
If ETH hits 1000 USD I expect a new run to buy GPUs again

At that time the difficulties will ridiculously increase again and the profit will be lesser than what it should be. I'm pretty sure that some of the miners have sold their rigs because they're just giving up to it.
But if ETH really hits $1000 it's the holders that get the most profit not a newcomer miners.

[rdluffy]

Now the market is recovering a little and profits are rising, but still very little return on graphics cards at this rate. We hope that Ethereum will grow.

Profits have only gone up for BTC and LTC. For most alt coins which are mineable like ETH not so much.

One reason is that ETH did go up a little but so did the difficulty. And while BTC and LTC is hitting yearly highs, ETH is still below the $300 mark. I think if ETH breaks $500 or so then finally we will see easy profits of $1-$1.50/day/gpu like we did for most of 2018.

However keep in mind that there are many ASICs now and tons of powered off GPUs which will eventually come online when the profitability is high.

If, or when ETH hits 500 USD or more I expect a huge amount of GPUs pointing to ETH, some people will turn on their rigs again
If ETH hits 1000 USD I expect a new run to buy GPUs again

At that time the difficulties will ridiculously increase again and the profit will be lesser than what it should be. I'm pretty sure that some of the miners have sold their rigs because they're just giving up to it.
But if ETH really hits $1000 it's the holders that get the most profit not a newcomer miners.

No doubt about difficulty, I remember 2017, I was mining ETH
But for now I just bought the coins (including ETH) and I'm waiting, unfortunately the electricicty rates in my coutry rised a lot

[Uju4real]

I completely disagree with you on this, irrespective of the fact that so many have trooped into mining its still very profitable. Am mining Eth and am making good profit with it