Its actually reached the lowest profitability sometime last week when it was still >$300
Its getting pretty bad out there. Pretty much put away the old Radeon 7970/280X gpus and don't know if I will ever hash with them again.
Wondering if there are any more GPUs out there that still can make $1/per gpu/per day?
Topic: Ethereum has reached the historically lowest point of profitability per megahash - page 2. (Read 721 times)
August 13, 2018, 06:20:45 PM
August 13, 2018, 05:35:59 PM
and the funny thing is that some idiot created a thread and said is a good time to buy gpus, hehe, when is like this, the best thing is buy coins directly and without fear at all cause from here is only profit, funny will be in 2020 as eth hits $8k - $16k and trolls had an opportunity to buy eth at $290 in july 2018.
Its only bad for the newbies who got in this year, most hardcore miners have been in th game since 2016
at the latest, they dont ask dumb questions on the forum like ... is mining profitable? lol , cuz thier rigs are payed off years ago and would stilll be in the green with sub 200 eth even.
The newbs were late to the party they should have listened and bought cheap crypto instead of mortgaging thier house and buying over priced gpus on credit.
let em burn , people need hard lessons sometimes, unfortunately though if they had listened to you metroid
and bought eth in the 500s or btc at 8000 they would still be fucked. Its a lose lose situation for newcomers
Its the damn asics
I hope it goes lower
August 13, 2018, 04:57:12 PM
and the funny thing is that some idiot created a thread and said is a good time to buy gpus, hehe, when is like this, the best thing is buy coins directly and without fear at all cause from here is only profit, funny will be in 2020 as eth hits $8k - $16k and trolls had an opportunity to buy eth at $290 in july 2018.
August 13, 2018, 04:43:35 PM
Welcome to crypto mining.
August 13, 2018, 04:40:29 PM
The chart says it all:
https://bitinfocharts.com/comparison/ethereum-mining_profitability.html
https://bitinfocharts.com/comparison/ethereum-mining_profitability.html
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