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Topic: Ethereum mining still profitable? - page 21. (Read 131200 times)

sr. member
Activity: 294
Merit: 250
July 26, 2016, 02:50:54 AM
Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

CPU mining is tough (you need top-notch i7, and returns are pretty meh), but gpu mining can go quite well. with free power a r9-290 card (~150usd) will pay for itself fully within 3-4 months

if you already have a desktop, its easy enough to plug in a gpu or two.

That is right. It is better to use the cheap 290 or 390 or even 480 to mine the Ethereum. But the difficulty is rising faster.
legendary
Activity: 2114
Merit: 1005
ASIC Wannabe
July 25, 2016, 08:10:28 PM
Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

CPU mining is tough (you need top-notch i7, and returns are pretty meh), but gpu mining can go quite well. with free power a r9-290 card (~150usd) will pay for itself fully within 3-4 months

if you already have a desktop, its easy enough to plug in a gpu or two.
newbie
Activity: 68
Merit: 0
July 25, 2016, 01:57:48 PM
Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..

If the electricity is free, you can start by buy one graphics card and expand it over time, and you will be rich.
member
Activity: 81
Merit: 1002
It was only the wind.
July 07, 2016, 01:03:36 PM
I think that GPU mining has still future untill someone builds ASIC for all current algos.

Then they'll make more algos.
legendary
Activity: 1638
Merit: 1046
July 25, 2016, 01:25:07 PM
Soon mining will only be profitable for the Chinese and people with free electricity.
Here in my place our electricity is free but the problem is i can afford to buy a good miner or set of GPU or CPu. to mine ethereum right now .. and i heard many people that ethereum right is not profitable to mine..
sr. member
Activity: 399
Merit: 250
July 25, 2016, 01:08:44 PM
Soon mining will only be profitable for the Chinese and people with free electricity.
legendary
Activity: 2016
Merit: 1030
Privacy is always important
July 25, 2016, 01:01:50 PM
A few days ago, if you mined some Ethereum Classic when the difficulty is low and sell now, you have made good profits.

The Ethereum Classic price has dropped a lot since yesterday. I think the hacker is going to dump his coin soon.
How do you know it that those hackers are willing to dump their ethereum.. or how do you know that they are holding ethereum?
I know ethereum is halving issue about DAO but i think they are already fix it .
member
Activity: 81
Merit: 1002
It was only the wind.
July 06, 2016, 07:02:42 PM
Not to mention their premine. They just want to control the new coin flow as well as everything else by having a shitton.
sr. member
Activity: 296
Merit: 250
July 25, 2016, 12:42:52 PM
A few days ago, if you mined some Ethereum Classic when the difficulty is low and sell now, you have made good profits.

The Ethereum Classic price has dropped a lot since yesterday. I think the hacker is going to dump his coin soon.

The market will respond early and expect the hacker to dump the coins. Do we have any pledge from the hacker that he will not dump?
newbie
Activity: 33
Merit: 0
July 25, 2016, 11:06:06 AM
A few days ago, if you mined some Ethereum Classic when the difficulty is low and sell now, you have made good profits.

The Ethereum Classic price has dropped a lot since yesterday. I think the hacker is going to dump his coin soon.
newbie
Activity: 97
Merit: 0
July 25, 2016, 07:46:27 AM
A few days ago, if you mined some Ethereum Classic when the difficulty is low and sell now, you have made good profits.
hero member
Activity: 532
Merit: 500
July 09, 2016, 05:34:34 AM
i find it hard to believe that a 380 can do 20MH at 113w, and probably not stable, so it does not count unless it can do it for more than 24 hours

and in any case a 480 can do 24MH at 105w, which is still far better, no matter the optimization or the undervolting, it's impossible to compete with 14/16nm if you have 28nm....

It can. I used my code, yeah, but it can.

Stock volts, too. Clocks were 750/1600, powertune 0.

Can your miner get similar efficiency for the 280X as well? If it can, then it is excellent for most miners.
sr. member
Activity: 242
Merit: 250
July 09, 2016, 03:47:57 AM
i find it hard to believe that a 380 can do 20MH at 113w, and probably not stable, so it does not count unless it can do it for more than 24 hours

and in any case a 480 can do 24MH at 105w, which is still far better, no matter the optimization or the undervolting, it's impossible to compete with 14/16nm if you have 28nm....

I agree with you. That 380 is too efficient. It has to be tested for stability for at least 24 hours. The power supply could be good as well.
member
Activity: 81
Merit: 1002
It was only the wind.
July 05, 2016, 04:09:31 PM
ETH will go PoS, and then it'll be only the rich deciding things anyways.
legendary
Activity: 3206
Merit: 1069
July 09, 2016, 03:30:28 AM
i find it hard to believe that a 380 can do 20MH at 113w, and probably not stable, so it does not count unless it can do it for more than 24 hours

and in any case a 480 can do 24MH at 105w, which is still far better, no matter the optimization or the undervolting, it's impossible to compete with 14/16nm if you have 28nm....
sr. member
Activity: 294
Merit: 250
July 09, 2016, 02:33:40 AM
I think that GPU mining has still future untill someone builds ASIC for all current algos.

Then they'll make more algos.

Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks.

We have to save the polar bears from drowning you know.

Thats what he said.. plus summer time its freaking hard to keep them cool even with free electricity ! A/C can not make it !

It maybe difficult for the old 290, 390 or 280x cards. It should be relative easy for the RX 480 or 1070 cards.

The new cards are very efficient. If you do not overvolt, but undervolt and reduce the core frequency, they are very efficient.
full member
Activity: 236
Merit: 100
July 08, 2016, 07:31:55 AM
I think that GPU mining has still future untill someone builds ASIC for all current algos.

Then they'll make more algos.

Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks.

We have to save the polar bears from drowning you know.

Thats what he said.. plus summer time its freaking hard to keep them cool even with free electricity ! A/C can not make it !

It maybe difficult for the old 290, 390 or 280x cards. It should be relative easy for the RX 480 or 1070 cards.
hero member
Activity: 672
Merit: 500
July 08, 2016, 05:04:57 AM
I think that GPU mining has still future untill someone builds ASIC for all current algos.

Then they'll make more algos.

Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks.

We have to save the polar bears from drowning you know.

Thats what he said.. plus summer time its freaking hard to keep them cool even with free electricity ! A/C can not make it !
sr. member
Activity: 242
Merit: 250
July 08, 2016, 04:34:22 AM
I think that GPU mining has still future untill someone builds ASIC for all current algos.

Then they'll make more algos.

Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks.

We have to save the polar bears from drowning you know.

nah just wait for the next "ethereum" but it may be a long wait, main while you can sell your gpu only and do something else as a good investment

but if you have cheap electricity you can keep mining for a very long time so no problem anyway

The problem is that there will be not many coins to mine even if you have cheap electricity. Eth will be PoS later next year.
legendary
Activity: 3206
Merit: 1069
July 08, 2016, 01:59:03 AM
I think that GPU mining has still future untill someone builds ASIC for all current algos.

Then they'll make more algos.

Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks.

We have to save the polar bears from drowning you know.

nah just wait for the next "ethereum" but it may be a long wait, meanwhile you can sell your gpu only and do something else as a good investment

but if you have cheap electricity you can keep mining for a very long time so no problem anyway
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