Only God knows for how long mining will remain profitable

[Samayuki]

I'm planning to build more mining rigs since bitcoin and some altcoins are pretty stable in value right now, I don't see any bear market incoming any time soon, what do you think? Is this a good move? Can make back ROI in just 5-6months

[miner29]

I prefer to keep my ROI bets to 100 days. YMMV

[FP91G]

I'm planning to build more mining rigs since bitcoin and some altcoins are pretty stable in value right now, I don't see any bear market incoming any time soon, what do you think? Is this a good move? Can make back ROI in just 5-6months

If you have unused electrical power, premises and maintenance personnel, then you can invest in mining.
The most important thing is to find a good supplier and buy equipment at a good price.
In other cases, I would dissuade you from investing in mining.

[philipma1957]

I'm planning to build more mining rigs since bitcoin and some altcoins are pretty stable in value right now, I don't see any bear market incoming any time soon, what do you think? Is this a good move? Can make back ROI in just 5-6months

If you are getting new nvidia cards I think it is okay.

my assumption is good price new with three year warranty.

[adaseb]

I'm planning to build more mining rigs since bitcoin and some altcoins are pretty stable in value right now, I don't see any bear market incoming any time soon, what do you think? Is this a good move? Can make back ROI in just 5-6months

Bear market isn't really the issue when it comes to mining. You can always just use a futures broker and hedge your mining price so if price drops in the future you can still sell your mined ETH at the same price as today. Your enemy is difficulty.

Most new miners don't know what difficulty is exactly. But the way it works is as follows. The supply is capped daily. So whether there is 1 miner or 1 million, if the daily reward is 1 ETH then 1 miner would get the entire coin if they were the only ones mining or if 1 million people were mining then it would get divided by a million, this is assuming same hashrate for everybody.

Currently difficulty is rising like crazy, GPUs overpriced and sold out everywhere. Hence makes it a difficult decision whether to start mining or not.

[Winscosinally]

One can still keep mining in bear season, the hashrate will be stable and also there will be less miner, you will get more eth sats but lower in USD value, that's the trick, those who mined Ethereum in 2018 and 2019 don't sell their Eth, now those Eth are now big in value today, this is another way of investment

[mak013]

I saw such topics at the begining of 2018. 2-3 months later i saw topics "mining is shit", "i lost all my money due to mining", etc. Right now all mining equipment cost unreal prices. If you have some money that you can leave for 2-3 years - you can buy new rigs, and in such a way you ought to buy it right now. And you ought to be ready to pay electricity bill by your own money.

[FP91G]

https://www.pcmag.com/news/scalpers-have-sold-50000-nvidia-rtx-3000-gpus-through-ebay-stockx
link from this post
https://bitcointalk.org/index.php?topic=5312892.msg56210454#msg56210454

"Taken together, 49,680 RTX 3000 GPUs were sold on both sites, raking in $61.5 million in sales. Driscoll estimates $15.2 million was made in profit for the scalpers while another $6.8 million went to eBay and StockX. “In the case of all four RTX 30 series, there was a sudden surge in sales between Christmas and shortly after the new year,” he said.

The pricing has also remained high despite the arrival of the RTX 3060 Ti, which normally retails for $399. “The 3060 went from 160 percent launch price 1/1/21 to now 210 percent launch price and has recently fallen down to 190 percent of launch price. The 3080 is a similar story, from 170 percent at Christmas to now 200 percent,” he added. "

You need to understand which price is adequate and which is not. If there are no good options, then sometimes it makes sense to wait

[deskless]

I got bitten by high GPU price in 2018 when I started first. I did not realize at that time that market had started to crash. I paid over $350 for XFX - AMD Radeon RX 570 at BestBuy. The same GPU was available for half of the price after few months. Last night I noticed the same GPU is sold by BestBuy for $359. Even though the GPU has paid itself off in last 3 years, I didnt feel good end of 2018 when I realized that I had overpaid for most of the GPUs. My most overpaid GPU was RedDevil 580 8GB for $425+tax at newegg. However, for me that was the best GPU I ever bought. Most silent and never gave any issues.
So as experienced miners said earlier, the difficulty is the biggest enemy. However, if you could continue mining during bear market and not sell the ETH during that time, then it is ok to start mining in my opinion.

[Gunday_07]

I got bitten by high GPU price in 2018 when I started first. I did not realize at that time that market had started to crash. I paid over $350 for XFX - AMD Radeon RX 570 at BestBuy. The same GPU was available for half of the price after few months. Last night I noticed the same GPU is sold by BestBuy for $359. Even though the GPU has paid itself off in last 3 years, I didnt feel good end of 2018 when I realized that I had overpaid for most of the GPUs. My most overpaid GPU was RedDevil 580 8GB for $425+tax at newegg. However, for me that was the best GPU I ever bought. Most silent and never gave any issues.
So as experienced miners said earlier, the difficulty is the biggest enemy. However, if you could continue mining during bear market and not sell the ETH during that time, then it is ok to start mining in my opinion.

Well I guess I'm doing the same thing you did years back, I already buy some RX580 8gb for 460$ each, I don't care I just want to mine Ethereum for few years to come, I hope I will make my ROI back in max of 12 months since I won't be mining for 24 hours every day, I got some gtx 1660 super at around 450$ too, way too high I know but I believe now is still a good time to start mining

[Squezzi55]

I'm planning to build more mining rigs since bitcoin and some altcoins are pretty stable in value right now, I don't see any bear market incoming any time soon, what do you think? Is this a good move? Can make back ROI in just 5-6months

If you are too worried about making back your ROI it's better you don't buy graphic cards right now because you will be buying at a higher price, months back you can buy two new gtx1660 super and Ti with 440$ on ebay and today that can only get you one, you should wait till bull season is over

[Festac]

I don't worry myself about how long the Profitable of Ethereum mining will last, some said POS algo is coming but still I still move ahead and buy some graphic cards anyways, crypto is like seasonal base system, there will be bears and bull season, having the patience for that time to occur again is what many can't do, keep mining Ethereum and hold and if Ethereum pow vanish someday we got other altcoins we can still mine

[fmz89]

As long bull run still intact we still on green side, no mater the difficulty increase, price of the coin still climbing against it, and gpu manufacture can only produce limited hardware they wont adding machine/ppl to work more, thats why the difficulty raised slowly, and gamer & scalper try to get gpus as possible make gpu available even harder than before

[jessyj48]

If you keep focusing on how long mining will be profitable you won't do anything in the end, years ago Ethereum announced they are going POS and some thought it was over, I should have built a mining rig years ago but I halted because of their news and now the POS news is out again, you better don't wait around

[Furryball]

Building a mining rig is suited for those who can endure through bear markets because bull markets don't always last forever, things might be different this time around but I pictured not more than 4 months of bull season, like I said things can be different this time around since crypto is now more popular than ever

[Daltonik]

According to The Block, ethereum miners managed to earn more than $800 million in January, which is significantly higher than the previous maximum observed three years ago. The F2Pool insex, modern equipment for Ethereum mining on the market, such as Nvidia RTX 3080 (judging by the table, we mean a rig of 8 video cards) or ASIC miner A10 Pro manufactured by the Wuhan company InnoSilicon, can bring its owner up to $76 per day.

[FireBallex]

Better to keep mining tham wasting time thinking about how long the Profitable mining period would lasted for, I don't see Ethereum going down any time sooner and I'm sure we are going to see 2000$ per Ethereum very soon, worry less mate and start mining Ethereum, each day passed is a day closer to your ROI

[Seph213]

I don’t get it , eth difficulty is going up but i’m still generating more eth than before with same hashpower . How is that possible ?

[adaseb]

One can still keep mining in bear season, the hashrate will be stable and also there will be less miner, you will get more eth sats but lower in USD value, that's the trick, those who mined Ethereum in 2018 and 2019 don't sell their Eth, now those Eth are now big in value today, this is another way of investment

The issue with this method is that for many people, especially when ETH was around $100, was that it would of been cheaper to just buy ETH directly instead of paying electricity to mine it. So its not really a way of investing.

You would of been better off just buying it directly with your money instead of buying GPUs and later paying for electricity when you could of gained more ETH with the same amount of money.

Plus there is no gaurantee that ETH would of hit ATH in 2018. I was there and honestly I would of never guess it would break $1400 which it set in Jan 2018. I knew it wouldn't stay under $100 for long but I didn't think it would be possible to reach 4 figure again.

[burntroach85]

I don’t get it , eth difficulty is going up but i’m still generating more eth than before with same hashpower . How is that possible ?

it's because of the high gas prices on eth, that's why if it wasn't like that, it would be much lower, that's what everyone's mostly against the new EIP fee burning update