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Topic: Ethereum mining still profitable? - page 41. (Read 131303 times)

member
Activity: 70
Merit: 10
April 05, 2016, 12:17:22 PM
 Cry
legendary
Activity: 1526
Merit: 1026
April 05, 2016, 12:02:42 PM
I don't understand.
is there an coin more profitable to ethereum?
with GPU mining

in crypto no one will help in this specific question
member
Activity: 70
Merit: 10
April 05, 2016, 11:54:52 AM
I don't understand.
is there an coin more profitable to ethereum?
with GPU mining
legendary
Activity: 1078
Merit: 1011
April 05, 2016, 11:26:10 AM
which is another profitable currency with GPU? ?

I don't think you'll get the answer =)
But there is always Nicehash  Wink

I agree, it might be easy money, but not so easy you can expect everyone else to do all the legwork for you and cut into their own profits. The answers are out there and not hidden, but you do need to put in at least some effort. Smiley
sr. member
Activity: 979
Merit: 258
April 05, 2016, 11:18:57 AM
which is another profitable currency with GPU? ?

I don't think you'll get the answer =)
But there is always Nicehash  Wink

If you do not use Nicehash to mine Etheruem, then it is OK to use that site. It is quite reliable.
full member
Activity: 145
Merit: 100
April 05, 2016, 11:09:34 AM
which is another profitable currency with GPU? ?

I don't think you'll get the answer =)
But there is always Nicehash  Wink
member
Activity: 70
Merit: 10
April 05, 2016, 10:04:16 AM
which is another profitable currency with GPU? ?
sr. member
Activity: 252
Merit: 250
April 05, 2016, 09:39:31 AM
If the price keeps on dropping to $5 or lower, it will be not profitable for the most miners. So the difficulty will not rise.
legendary
Activity: 1526
Merit: 1026
April 05, 2016, 09:31:06 AM
if anyone can handle the rig correctly, the rig will make money. Eth is not the only profitable coin for gpu miner, before eth came into market there were other coins and in future there will be
newbie
Activity: 2
Merit: 0
April 05, 2016, 08:06:58 AM
Hello guys,

new to the mining business (I know, ANOTHER ONE), I read a lot this forum and other websites as well on mining and Ethereum.

I'd like if possible to validate with the knowledgeable members here that my understanding of ETH mining and its (possible) future Smiley :

- The mining difficulty has risen in the past month and will continue to do so until (around end of year) ETH switches to PoS instead of PoW now

Is this correct? I'm not perfectly at ease with the PoS concept but I do understand that one of its major effect on mining will be rendering it (almost) not profitable.

- Given the history of crypto currency the possibility of having another currency that requires GPU mining in the coming year is medium to high

If this is correct investing in a RIG right now would not be a complete loss of money (again, only a possibility and not a certainty)


What do you guys think? Do I still need to read a lot or I'm starting to get the hang of it?  Wink

In the meantime I started mining with my gaming RIG to try it out (GTX 970, W10 and latest driver, clearly not optimal) and it works fine!
sr. member
Activity: 308
Merit: 250
April 05, 2016, 07:58:59 AM
if there is no more profit, i'll wait for the next huge coin, it will come eventually

That is what I will do. I have mined Litecoin, Doge coin, X11 and Sharkcoin and Ethereum. They were all profitable at some stage.
sr. member
Activity: 406
Merit: 250
April 05, 2016, 06:54:41 AM
if there is no more profit, i'll wait for the next huge coin, it will come eventually
sr. member
Activity: 266
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
April 05, 2016, 05:35:03 AM
As long as the hash rate is increasing and the price does not rise, the Ethereum mining will not be profitable one day.
full member
Activity: 168
Merit: 100
April 05, 2016, 03:40:35 AM
well i believe its better than nothing right.
Even if not 1 ETH perday. its fine by me. i dont have to pay much for electricity

It is OK for you to mine, but for other people paying $0.2/kWh, it will not be profitable in two months.

I'm not sure that was a good idea to start mining if you pay $0.2/kWh. High profit never lasts long  Wink

The difficulty is rising fast and the price is dropping now. It will soon be unprofitable for the high electricity cost miners.
legendary
Activity: 3808
Merit: 1723
April 05, 2016, 02:10:00 AM
Yeah we pretty much make money in our sleep. What could be better then that.
legendary
Activity: 1146
Merit: 1006
April 05, 2016, 02:05:56 AM
Unfortunately in this economy any opportunity to make some money people are very driven to jump on board.

Yes this nature is why the crypto currency is working till now. It kinda fast money over other conventional work. Rather than fast the manual work is not like other works.
hero member
Activity: 1008
Merit: 1000
April 04, 2016, 10:33:04 PM
Unfortunately in this economy any opportunity to make some money people are very driven to jump on board.
full member
Activity: 145
Merit: 100
April 04, 2016, 10:04:17 PM
well i believe its better than nothing right.
Even if not 1 ETH perday. its fine by me. i dont have to pay much for electricity

It is OK for you to mine, but for other people paying $0.2/kWh, it will not be profitable in two months.

I'm not sure that was a good idea to start mining if you pay $0.2/kWh. High profit never lasts long  Wink
legendary
Activity: 3808
Merit: 1723
April 04, 2016, 04:48:00 PM
well i believe its better than nothing right.
Even if not 1 ETH perday. its fine by me. i dont have to pay much for electricity

It is OK for you to mine, but for other people paying $0.2/kWh, it will not be profitable in two months.

$0.20/kWH is crazy. Where are you located?
member
Activity: 212
Merit: 10
April 04, 2016, 04:44:27 PM
well i believe its better than nothing right.
Even if not 1 ETH perday. its fine by me. i dont have to pay much for electricity

It is OK for you to mine, but for other people paying $0.2/kWh, it will not be profitable in two months.
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