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Topic: Ethereum mining still profitable? - page 25. (Read 131200 times)

sr. member
Activity: 252
Merit: 250
June 20, 2016, 04:28:34 AM
The Ethereum price dropped about 50% in the last few days due to the DAO problem. It might not be profitable for some miners now.
hero member
Activity: 532
Merit: 500
June 14, 2016, 05:09:20 AM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well

It does not work that way. If the bitcoin price doubles, everything else priced in bitcoin will be halved. But the price in US dollar is the same.

you can make more money now than when bitcoin was at 500, because the value of etheruem is still there, not counting the pump to 0.03



Mining Ethereum is still very profitable as its price has risen in dollar terms. As long as your cost in in fiat, it is OK to mine.

I thought the Ethereum price could crash after the DAO listing, but it is still very strong. I will mine at again.

1 thing I learnt here is to completly ignore the altcoin discussion....

Yup same here i only read it for entertainment purposes and to find out the new item thats being pumped

I found out about waves out there and ill probbaly make a killing with the 5btc worth i bought other than that i ignore most of the spam out there

The wave could be good. Most other ICO/IPO are just scams. We have to be very careful about spending our money.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
June 14, 2016, 01:17:00 AM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well

It does not work that way. If the bitcoin price doubles, everything else priced in bitcoin will be halved. But the price in US dollar is the same.

you can make more money now than when bitcoin was at 500, because the value of etheruem is still there, not counting the pump to 0.03



Mining Ethereum is still very profitable as its price has risen in dollar terms. As long as your cost in in fiat, it is OK to mine.

I thought the Ethereum price could crash after the DAO listing, but it is still very strong. I will mine at again.

1 thing I learnt here is to completly ignore the altcoin discussion....

Yup same here i only read it for entertainment purposes and to find out the new item thats being pumped

I found out about waves out there and ill probbaly make a killing with the 5btc worth i bought other than that i ignore most of the spam out there
hero member
Activity: 966
Merit: 501
June 13, 2016, 07:51:10 AM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well

It does not work that way. If the bitcoin price doubles, everything else priced in bitcoin will be halved. But the price in US dollar is the same.

you can make more money now than when bitcoin was at 500, because the value of etheruem is still there, not counting the pump to 0.03

Mining Ethereum is still very profitable as its price has risen in dollar terms. As long as your cost in in fiat, it is OK to mine.

I thought the Ethereum price could crash after the DAO listing, but it is still very strong. I will mine at again.

1 thing I learnt here is to completly ignore the altcoin discussion....
sr. member
Activity: 294
Merit: 250
June 13, 2016, 07:46:16 AM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well

It does not work that way. If the bitcoin price doubles, everything else priced in bitcoin will be halved. But the price in US dollar is the same.

you can make more money now than when bitcoin was at 500, because the value of etheruem is still there, not counting the pump to 0.03

Mining Ethereum is still very profitable as its price has risen in dollar terms. As long as your cost in in fiat, it is OK to mine.

I thought the Ethereum price could crash after the DAO listing, but it is still very strong. I will mine at again.
sr. member
Activity: 308
Merit: 250
June 13, 2016, 05:43:15 AM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well

It does not work that way. If the bitcoin price doubles, everything else priced in bitcoin will be halved. But the price in US dollar is the same.

you can make more money now than when bitcoin was at 500, because the value of etheruem is still there, not counting the pump to 0.03

Mining Ethereum is still very profitable as its price has risen in dollar terms. As long as your cost in in fiat, it is OK to mine.
member
Activity: 66
Merit: 10
June 13, 2016, 04:23:32 AM
Well all I can say is Cost versus Benefit. ahhah
brand new
Activity: 0
Merit: 0
June 12, 2016, 12:13:59 PM
The Difficulty is really fucked up  Grin
My Earnings went from 100 to 20 :/

Anyways the Price of Ethereum will defenetly rise!

regards

When I started mining, one rig could earn 10 Etheruem a day, now it is less 1 Etheruem. But there is still some profit.

The difficulty has risen too fast. If there is no Etheruemp price rise, I will stop mining in the next 4 months.

The difficulty doubles every two months, in 4 months, the difficulty will be 4 times present value, not many people will make profit.
legendary
Activity: 3206
Merit: 1069
June 13, 2016, 04:00:28 AM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well

It does not work that way. If the bitcoin price doubles, everything else priced in bitcoin will be halved. But the price in US dollar is the same.

you can make more money now than when bitcoin was at 500, because the value of etheruem is still there, not counting the pump to 0.03
sr. member
Activity: 568
Merit: 250
June 13, 2016, 03:47:50 AM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well

It does not work that way. If the bitcoin price doubles, everything else priced in bitcoin will be halved. But the price in US dollar is the same.
legendary
Activity: 1498
Merit: 1030
June 13, 2016, 03:25:56 AM
hey, im having trouble setting up my mining rig, if you could please advise ---> https://bitcointalksearch.org/topic/problem-with-ethereum-gpu-mining-pls-help-screenshots-included-1508467

anyway i have a gigabyte r9 270x, what should be my expected rate?


 GPUshack lists it as a 16MH card, but I've noticed their figures tend to be a bit optimistic sometime.

 15-16 should be the right ballpark though.
hero member
Activity: 672
Merit: 500
June 12, 2016, 02:37:12 PM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
true but it is traded against BTC thus ethereum price will be halved as well
hero member
Activity: 966
Merit: 501
June 12, 2016, 02:18:35 PM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..

There is no block halving in Ethereum...
legendary
Activity: 1638
Merit: 1046
June 12, 2016, 01:40:55 PM
I think mining ethereum still profitable and many miners still choosesn ethereum to mine.  if you have a good rig to mine ethereum better to buy the best GPU 4gb in up to make more ethereum fast..before ethereum will explode to increase the value this coming block halving..
sr. member
Activity: 260
Merit: 250
June 12, 2016, 01:31:06 PM
hey, im having trouble setting up my mining rig, if you could please advise ---> https://bitcointalksearch.org/topic/problem-with-ethereum-gpu-mining-pls-help-screenshots-included-1508467

anyway i have a gigabyte r9 270x, what should be my expected rate?
member
Activity: 210
Merit: 10
June 12, 2016, 01:25:39 PM
The Difficulty is really fucked up  Grin
My Earnings went from 100 to 20 :/

Anyways the Price of Ethereum will defenetly rise!

regards

When I started mining, one rig could earn 10 Etheruem a day, now it is less 1 Etheruem. But there is still some profit.

The difficulty has risen too fast. If there is no Etheruemp price rise, I will stop mining in the next 4 months.

The difficulty doubles every two months, in 4 months, the difficulty will be 4 times present value, not many people will make profit.

We just hope the price will also rise 4 times so the profitability is the same. But that might not happen.
sr. member
Activity: 294
Merit: 250
June 12, 2016, 08:41:08 AM
The Difficulty is really fucked up  Grin
My Earnings went from 100 to 20 :/

Anyways the Price of Ethereum will defenetly rise!

regards

When I started mining, one rig could earn 10 Etheruem a day, now it is less 1 Etheruem. But there is still some profit.

The difficulty has risen too fast. If there is no Etheruemp price rise, I will stop mining in the next 4 months.
sr. member
Activity: 1111
Merit: 255
June 12, 2016, 04:22:57 AM
The Difficulty is really fucked up  Grin
My Earnings went from 100 to 20 :/

Anyways the Price of Ethereum will defenetly rise!

regards

When I started mining, one rig could earn 10 Etheruem a day, now it is less 1 Etheruem. But there is still some profit.
member
Activity: 112
Merit: 10
June 12, 2016, 04:00:43 AM
The Difficulty is really fucked up  Grin
My Earnings went from 100 to 20 :/

Anyways the Price of Ethereum will defenetly rise!

regards
sr. member
Activity: 294
Merit: 250
June 12, 2016, 03:48:04 AM
When a significantly large proportion of folks mining get to the point they're losing (or break-even) money mining ETH.

 Might be "too many folks get into it" driving the hashrate and diff up, might be a price drop that does that - no way to tell at the moment.
 Could be a combination of BOTH factors, of course.

 Guarenteed diff will go to zero when POS is fully implimented.



more likely that are always the same two giant farm are adding more gpu than "many folk" driving the diff up

giant farm can easily add 10 rig a week, because the other 100 rig pay for that in no time

You are absolutely right. For those big farms the profit can keep the mining running and adding new rigs without problem. The only limit is the power consumption.
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