Topic: Ethereum mining earnings hit a record low of $74 (Read 81 times)
This is one of the reason I keep telling people that Ether price won't likely go below $100, mining cost is a very important factor to consider when pricing cryptocurrencies but some people feel otherwise, if this continue there would likely be some people closing their mining rig until the price pick up again especially places where they don't have free electricity
Wow, very accurate calculations, it is true. Many people think that $170 may be the bottom line of ETH. This is not the case, because it is still a long way from mining!
if ETH will DROP day by day,then mining will be unprofitable.Is will be a huge impact for the ethereum Network
Ethereum is currently mining at a record low of $0.0169 a day per MHash, according to bitinfocharts. If the mainstream miner whose calculating force is 240MHash/s is taken as an example, it is calculated at 0.4 yuan per degree of electricity price, the daily mining cost of a single miner is 9.22 yuan, and the daily net profit is 15.10 yuan. The current ETH price is 1,346 yuan, the computing power is 271.23T, if the ETH price is less than 507 yuan ($74), the daily earnings of ethereum miners may be zero.
This is often caused as a result of high mining difficulty which does not limit to ethereum coin alone but to any POW coins.
By your currency denomination i can understand that you are from China, has Chinese government allow crypto mining again ?
Seems to be promising for the future increasing because it is not the finish at all. ETH is very valuable and reliable to stop on this position and it will be developing I hope.
I do not trust to mining so much, I like trading more, because it is more profitable doing despite on the higher risks. Mining will die soo as a lot of people say here.
Ethereum is currently mining at a record low of $0.0169 a day per MHash, according to bitinfocharts. If the mainstream miner whose calculating force is 240MHash/s is taken as an example, it is calculated at 0.4 yuan per degree of electricity price, the daily mining cost of a single miner is 9.22 yuan, and the daily net profit is 15.10 yuan. The current ETH price is 1,346 yuan, the computing power is 271.23T, if the ETH price is less than 507 yuan ($74), the daily earnings of ethereum miners may be zero.
I have more wind/solar power than I can use right now and still not getting into the mining game even though I have free electric. The GPU vs ASIC and which one to go with became confusing for me. In the end to only make a buck or two a month it's simply not worth the trouble unless it's a hobby.
Ethereum is currently mining at a record low of $0.0169 a day per MHash, according to bitinfocharts. If the mainstream miner whose calculating force is 240MHash/s is taken as an example, it is calculated at 0.4 yuan per degree of electricity price, the daily mining cost of a single miner is 9.22 yuan, and the daily net profit is 15.10 yuan. The current ETH price is 1,346 yuan, the computing power is 271.23T, if the ETH price is less than 507 yuan ($74), the daily earnings of ethereum miners may be zero.
Jump to: