ETH Mining Profits to dry up in Dec.

Ayers

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Quote from: Kainzo on June 10, 2017, 01:48:14 AM

http://www.mycryptobuddy.com/EthereumMiningCalculator

Am I wrong?
It looks like the difficulty increase won't yield profitability unless the ETH price literally doubles.

I was investing in SEVERAL rigs, I'm already thousands in... is the risk too much?

ETC as an alternative also has the same curve.

Feeling sick seeing this.. only 6 months left of "good" mining.

you really invested in thousands rig are you seirous lol? i don't believe this, but anyway ETh can still double again in 6 month, when ETh was at 1/3 of the current value none was believing that it could reach 0.1 btc one day, so why not 0.2 in 6 months?

jmigdlc99

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Aside from the fact that the price of ETH will sure moon when the time comes, its not all about ETH. There are many other mineable coins like ZEC that will be there. 6 months to December is enough time to ROI on GPUs. If all else fails, you can still sell them off in december and still profit.

aguila

member

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People always same this about mined coins, and they end up mining it anyways. I think Ethereum have an ace under the sleeve to make miners happier

achie1984

newbie

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Quote from: 25hashcoin on June 10, 2017, 11:13:25 AM

ETC mining will be much more profitable by then.

as long as there is coins that can be mine there will be no stopping for miners it will only get bigger and bigger miners gonna come digging that coins

25hashcoin

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ETC mining will be much more profitable by then.

nominee

sr. member

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People always say mining is about to end in XX date since 2013. 4 years after all, nothing got any worse and it's still profitable. Remember this.

YIz

hero member

Activity: 686

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The ROI is short enough to buy cards now and see what happens later, mining other currencies will always be possible.

Clement Kaliyar

hero member

Activity: 1302

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I am not sure how these things can be summed up because i have not invested in mining,i am against spending money resource and energy for mining as i think is a total waste of energy,i am more than happy to purchase the coins than mining ,ROI is not possible with increase in difficulty and expect the difficulty to increase every now and then.

Emoclaw

sr. member

Activity: 420

Merit: 251

Quote from: Herbert2020 on June 10, 2017, 02:26:42 AM

both these chains will have the same problem because this thing called the ethereum difficulty bomb was inserted in the code in early stages to plan for times like this. it is there to increase the difficuly slower at first but a lot as time goes by and bigger when casper was released (the switch to POS) and death of mining practically.

there is a valid concern among miners specially at this time that we are seeing the difficulty rise. so if you already have miners then enjoy the profit but i don't think investing in new ones to mine ethereum is such a good plan.

good news is that change is a hard fork and may cause another split like before and you can end up with two sets of coin, even if the other chain lasts for a short time you may be able to dump it for additional profit.

You will still get ROI if you buy an RX 580 right now and mine ETH (or any of the most popular coins for that matter).
You can sell that RX 580 later and buy Vega and you'll come out with a profit.

But there are a few other coins to mine which are profitable as well, such as ZEC/ZCL, which work quite well on Nvidia cards too. It's not all about ETH.

scribbles

sr. member

Activity: 294

Merit: 250

There is more than Ether and BTC though...

So I'm not stressed at all.

The bubble of this moment though, of course it will pop. Heck, I'm even hoping it does sooner than later. Times where Mooncoin, LiteDoge or BitBean rise to record heights? Give me a break!

Herbert2020

legendary

Activity: 1946

Merit: 1137

both these chains will have the same problem because this thing called the ethereum difficulty bomb was inserted in the code in early stages to plan for times like this. it is there to increase the difficuly slower at first but a lot as time goes by and bigger when casper was released (the switch to POS) and death of mining practically.

there is a valid concern among miners specially at this time that we are seeing the difficulty rise. so if you already have miners then enjoy the profit but i don't think investing in new ones to mine ethereum is such a good plan.

good news is that change is a hard fork and may cause another split like before and you can end up with two sets of coin, even if the other chain lasts for a short time you may be able to dump it for additional profit.

Kainzo

newbie

Activity: 37

Merit: 0

http://www.mycryptobuddy.com/EthereumMiningCalculator

Am I wrong?
It looks like the difficulty increase won't yield profitability unless the ETH price literally doubles.

I was investing in SEVERAL rigs, I'm already thousands in... is the risk too much?

ETC as an alternative also has the same curve.

Feeling sick seeing this.. only 6 months left of "good" mining.

Topic: ETH Mining Profits to dry up in Dec. (Read 868 times)