ETH mining is easy or tough ? | Bitcointalksearch.org

Mic85saint

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Quote from: karamoris on February 08, 2018, 01:06:27 AM

How much ETH you will get if you mine ETH continuously per month?
Is it gives that value which is worthiness ?

Due demand and supply of machine.. is hard to predict .. and maybe less compare usual mining calculation.

Prelude

legendary

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Tougher than woodpecker lips.

manji

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Quote from: Emmanuel95 on March 02, 2018, 04:35:04 PM

I don't see or think all this mining is the best thing. I see it has mere waste of time and energy. Most of the mining you can not get $20 in a year.it time wasting.

At this time, yes
For new miners when buying GPU with a high price and almost all coins mined has decreased in price and hope a faster ROI.
But No,
for miners who bought GPUs 1,5 year ago, until to date still have profit, only have decreased and no energy and time waste its.

Fanpant

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Quote from: Emmanuel95 on March 02, 2018, 04:35:04 PM

I don't see or think all this mining is the best thing. I see it has mere waste of time and energy. Most of the mining you can not get $20 in a year.it time wasting.

That is right in some aspect. The profit of mining is very low now. I mine to support the network.

fanatic26

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Why do you guys keep saying mining is hard when all you are concerned about is the value? Mining is super easy, you plug in your information, run a script, and it does everything for you. There is literally nothing hard about the act of mining.

Emmanuel95

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I don't see or think all this mining is the best thing. I see it has mere waste of time and energy. Most of the mining you can not get $20 in a year.it time wasting.

Fanpant

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Quote from: dalsoft on February 08, 2018, 10:35:03 AM

Some real stats from my rigs.

12 Cards 306.9 Mh/s

Minute:   0.00001
Hour:   0.00104
Day:    0.02505
Week:   0.17539
Month:   0.75168

So it's getting harder I used to get over 1 ETH per month. But if you view it as a hobby and enjoy it go for it.

As long as it is still profitable, it is still good to mine it. That is what I do.

Minute   Ξ0.00003   $0.03   ฿0.0000
Hour   Ξ0.00181   $1.54   ฿0.0001
Day   Ξ0.04340   $36.95   ฿0.0034
Week   Ξ0.30378   $258.67   ฿0.0237
Month   Ξ1.30191   $1108.60   ฿0.1015

dalsoft

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Some real stats from my rigs.

12 Cards 306.9 Mh/s

Minute:   0.00001
Hour:   0.00104
Day:     0.02505
Week:   0.17539
Month:   0.75168

So it's getting harder I used to get over 1 ETH per month. But if you view it as a hobby and enjoy it go for it.

Fanpant

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Quote from: zokilnmet on February 08, 2018, 03:39:06 AM

It's not easy. I believe that profitability from ETH mining will reduce significantly over the next few months. There are a lot of moving parts that affect the ROI. I think that soon, all the casual miners will be squeezed out and only a group of large firms will remain.

I think that is mainly due to the increase of the mining difficulty. Too many GPU are online now.

NameTaken

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Quote from: KenChanYu on February 08, 2018, 07:23:07 AM

Quote from: NameTaken on February 08, 2018, 05:46:04 AM

Ethereum network hashrate is currently over 230 Th/s and assuming an average of 25 Mh/s per GPU, that more than 9,200,000 GPUs.

It depends on your equipment. For the beginners, mining is not that easy to work on, it is also not easy to understand, itbis really difficult. Begginers should read a lot about any of this because through gaining more information, they can also learn more by your effort. It is easy, ETH mining is easy if you understand this a lot.

Ethereum mining is hard because of the exponential network hashrate and difficulty increase, not whether if building a rig is easy or not.

KenChanYu

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Quote from: NameTaken on February 08, 2018, 05:46:04 AM

Ethereum network hashrate is currently over 230 Th/s and assuming an average of 25 Mh/s per GPU, that more than 9,200,000 GPUs.

It depends on your equipment. For the beginners, mining is not that easy to work on, it is also not easy to understand, itbis really difficult. Begginers should read a lot about any of this because through gaining more information, they can also learn more by your effort. It is easy, ETH mining is easy if you understand this a lot.

bachani_rs

newbie

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From Whattomine the total network hashrate for ETH is 191.43 Th/s.
I know some of my freinds mine ETH with GTX 1060, even if Zclassic/Equihash algo is more profitable..
Hope that the marketcap will slowly gain back up and other coins will become more and more profitable.
That would slow down the huge interest in mining ETH with whatever hashpower people have.

NameTaken

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Ethereum network hashrate is currently over 230 Th/s and assuming an average of 25 Mh/s per GPU, that more than 9,200,000 GPUs.

manji

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Quote from: bismillahi on February 08, 2018, 02:15:15 AM

Mining is easy, but the higher difficult Ethereum right now is the hard way. Cost operational electricity more than the profit you get, except the Ethereum price going up

For the beginner, mining Not easy but very difficult. First, the beginner should read a lot, then practice what the read.From knowledge The GPUs, Motherboards, and configure RIG when it configures sometimes has a problem and must reading and practice to solve a problem. Also, knowledge about which the coin(profitable) to be mining. Except using Nicehash, and even to do benchmark first. When the Benchmarking sometimes fail.

zokilnmet

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It's not easy. I believe that profitability from ETH mining will reduce significantly over the next few months. There are a lot of moving parts that affect the ROI. I think that soon, all the casual miners will be squeezed out and only a group of large firms will remain.

adaseb

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The profitability is very difficult to predict.

Basically we got no idea if 2018 will be a long bear market.

Another issue is the huge amount of GPUs that are coming online everyday.
Last month about 2 million GPUs went online at least.

Random Seller

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I think you should check WhatToMine.com to see how much you’ll actually make mining Ethereum.

shaninium

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Its important to just mine and hold. All these new traders and miners are selling at any price and the markets are showing that. Eth is long term and if you can, dont sell it even to cover power costs. Use real world income to pay for power to run your rigs. Only eth and one or two other coins made a b rating for investment. No coins made a a rating. Thats the best you get at the moment. So that shows what some institutional investors think for long term success.

https://www.google.com.au/amp/s/www.express.co.uk/finance/city/911544/ethereum-weiss-rating-is-it-better-than-bitcoin-invest-eth-cryptocurrency-exchange/amp

bismillahi

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Mining is easy, but the higher difficult Ethereum right now is the hard way. Cost operational electricity more than the profit you get, except the Ethereum price going up

manji

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Quote from: karamoris on February 08, 2018, 01:06:27 AM

How much ETH you will get if you mine ETH continuously per month?

This's in line with how many GPUs, Hashrate of GPUs, how much share to pool if join pool, Network difficulty. So, amount the ETH coin per month different, if it's the amount same, only different amount in behind comma.

Quote from: karamoris on February 08, 2018, 01:06:27 AM

Is it gives that value which is worthiness ?

If your profit from ETH coin more than from the cost operational such electricity bill. Yes, it's worth.

Topic: ETH mining is easy or tough ? (Read 350 times)