Ethereum mining profitable? - page 2.

soyab0007

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Quote from: manav1112 on May 20, 2016, 10:06:44 PM

Quote from: soyab0007 on May 20, 2016, 05:45:56 AM

How about direct purchase of ETH?
Is it profitable in future?

Yeah but probably hold in long term, I am expecting you will get quite a good return to just hold until January next year.

Are you sure, I wont mind holding it for a year?

How much can we expect for next year?

manav1112

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Quote from: soyab0007 on May 20, 2016, 05:45:56 AM

How about direct purchase of ETH?
Is it profitable in future?

Yeah but probably hold in long term, I am expecting you will get quite a good return to just hold until January next year.

soyab0007

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How about direct purchase of ETH?
Is it profitable in future?

btvGainer

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Quote from: soyab0007 on May 08, 2016, 12:02:56 PM

is there any etherum cloud mining?
i dont want to end up purchasing hardware

Here is the list of various cloud mining firms https://www.cryptocompare.com/mining/#/contracts you can compare them here.Be careful while investing as some of them may turn out to be scam later

manav1112

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Quote from: soyab0007 on May 08, 2016, 12:02:56 PM

is there any etherum cloud mining?
i dont want to end up purchasing hardware

I did for a month when it was profitable, by the end of the month I realised that the probability of getting profit for the 2nd month wasnt much so I didnt.

P.S I used AWS for cloud mining because if u use cloud mining companies there is no chance in this entire world you will ever profit.

See all ethereum cloud mining companies here: http://www.cmmonitor.com/ethereum-cloud-mining/

Sab aap ko loot rahe hai.

Profit karna hai kya?

Ye lo

https://www.miningrigrentals.com/rigs/hashimotos

Wait for a time when the rental price is at least below 0.0003/ MH and that should give you the chance to profit when/if the price increases. I recommend you just hold them though, the ones that are mined until they are worth cashing out..

Still I would recommend trading rather than mining....

soyab0007

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is there any etherum cloud mining?
i dont want to end up purchasing hardware

bitcoinisfurture

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Yeah it will be helpful if you can show calculations and guide many of the people who would like to start mining them

arseaboy

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Quote from: Surya960 on May 05, 2016, 03:47:17 AM

now that ethereum price went up mining might be profitable even if you are located in a zone where the kwh is not so cheap. As the existing calculators didn't have all the features I need, I started to do my own math. Initially using some spreadsheets, gathering data and then putting everything in javascript.

Most of the features I dreamed about are implemented. I'm currently working on calculating ROI, break even period and cumulative return.

would it be possible sharing that here mate? as we see eth starting to pump back again and as you said it will be possible to earn even in the place where electricity is not that cheap, just wondering maybe you can give us some idea how to do it. thanks in advance mate.

Surya960

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now that ethereum price went up mining might be profitable even if you are located in a zone where the kwh is not so cheap. As the existing calculators didn't have all the features I need, I started to do my own math. Initially using some spreadsheets, gathering data and then putting everything in javascript.

Most of the features I dreamed about are implemented. I'm currently working on calculating ROI, break even period and cumulative return.

manav1112

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Quote from: bitcoinisfurture on May 04, 2016, 12:52:31 AM

As per present situation to mine 1 ETH, how much time it takes and the present cost associated to it for you?

It all depends on the setup! I am lucky I never sold my rig and my litecoin mining rig from 2013 was used. So I didnt have any cost really but I calculated even if I did buy from new I would have broken even within 1 month of my mining starting (I started in 1st week of Feb).

but lets say at the present situation if you buy a BRAND NEW mining rig (save heavily through getting second specially from quikr, etc)

Anyways I think here in India most efficient miner you can get is

6x R9 370 (15200 each) = 91200
990FXA Mobo (6 GPU compatible) = 15000
RAM 4gb = 1245
processor = 6000
Power Supply = 28500
Accessories = 5-6k

147925 inr investment
hashrate: 16 (could be 17) x 6 = 96

which means 0.000843 a minute (taking between 19-20 hours)

And by the way, ROI for that price is not gonna happen IMO.

bitcoinisfurture

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As per present situation to mine 1 ETH, how much time it takes and the present cost associated to it for you?

manav1112

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I've been mining ETH now for past few months and I realised some methods to increase the revenue.

You can use Claymore Dual Mining

or

Use miningrigrentals and the price at which you rent a rig there to other people is around 0.00035/MH while your revenue from just mining eth is much less than that.

I have other methods for after the mining, but thats the two for during mining Wink

bitcoinisfurture

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Check out the below link and see if its useful for you.

http://ethereum-mining-calculator.com/

vikas

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Quote from: alwayzgame on April 28, 2016, 02:36:06 AM

i wanted to setup a mining rig if anyone is mining can u tell me if its worth the try?

use mining calculator to check profitability

alwayzgame

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i wanted to setup a mining rig if anyone is mining can u tell me if its worth the try?

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