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Topic: Ethereum mining still profitable? - page 5. (Read 131303 times)

full member
Activity: 280
Merit: 100
August 06, 2017, 02:24:42 AM

I've been mining SIGT for the last week, profitability better than ETH and takes less power too.



Which wallet / miner are you using?

I use Windows wallet.

Miner: sig-miner

You can find everything on their website: https://signatum.io/#downloads



jr. member
Activity: 47
Merit: 1
August 05, 2017, 03:52:59 PM
Very lucky that pos was postponed for another year

Mining is still profitable for people already in. I highly discourage anyone to join it now since in two months, maybe three, mining will completely stop because of Casper, meaning a transition from PoW to PoS.

What? What is it now? PoS soon or postponed?

PoS won't be until 2018 at the earliest. The fact that there is no concrete timeline should tell you a lot about how close to "finished" it is.
legendary
Activity: 1526
Merit: 1026
August 05, 2017, 03:40:30 PM
It will not be wise to rely on a single coin, if you are a miner. New coin will come. ETH made our day memorable. But soon POS is coming and very big number of miners will jump into other coins. There will be sudden rise of diff and mining will be less profitable. What if thousands of gpu starts mining zec or other coins at a time ? I wish I will get another coin like eth in future. That will make my mining profitable again
newbie
Activity: 16
Merit: 0
August 05, 2017, 01:40:33 PM
Very lucky that pos was postponed for another year

Mining is still profitable for people already in. I highly discourage anyone to join it now since in two months, maybe three, mining will completely stop because of Casper, meaning a transition from PoW to PoS.

What? What is it now? PoS soon or postponed?
full member
Activity: 154
Merit: 100
August 05, 2017, 12:59:19 PM
Mining is still profitable for people already in. I highly discourage anyone to join it now since in two months, maybe three, mining will completely stop because of Casper, meaning a transition from PoW to PoS.

that is right. If you have paid off your miner and electricity price is low, it is still ok to mine.
sr. member
Activity: 391
Merit: 250
August 05, 2017, 03:44:16 AM
Mining is still profitable for people already in. I highly discourage anyone to join it now since in two months, maybe three, mining will completely stop because of Casper, meaning a transition from PoW to PoS.
full member
Activity: 140
Merit: 100
August 05, 2017, 03:26:12 AM
Very lucky that pos was postponed for another year
hero member
Activity: 1651
Merit: 863
August 05, 2017, 02:37:25 AM
Whenever this happenes, all gpu mining will be unprofitable.
But I dont believe ETH will stay on that timetable, but expect to be PoW for at least 2 more years
newbie
Activity: 33
Merit: 0
August 05, 2017, 02:28:30 AM
Congratulations to those who are still having good profits by mining it.

I think these are the miners who have lower than $0.15/kWh electricity. If the difficulty rises as fast as before, they will not be profitable soon.

I pay 0.25 dollar /kWh and use the old 7970 to mine the Eth. I will not be profitable to mine in the next few weeks.
Electricity in my place cheap, for now minie the eth  is still profitable.
But I do not know when ETH mining is closed?  Huh

Some time next year. There is no fixed date yet.
sr. member
Activity: 784
Merit: 255
August 04, 2017, 12:59:37 AM
Congratulations to those who are still having good profits by mining it.

I think these are the miners who have lower than $0.15/kWh electricity. If the difficulty rises as fast as before, they will not be profitable soon.

I pay 0.25 dollar /kWh and use the old 7970 to mine the Eth. I will not be profitable to mine in the next few weeks.
Electricity in my place cheap, for now minie the eth  is still profitable.
But I do not know when ETH mining is closed?  Huh
full member
Activity: 280
Merit: 100
August 04, 2017, 12:24:21 AM
SIGT is more profitable from the beginning until Aug 3 2017 even though there is only 1 exchange https://www.cryptopia.co.nz/. Bittrex and other exchanges will soon be online

Unfortunately right now the difficulty skyrocketed because of too many miners. I am  getting only half of what i used to mine from 50 per hour to 28 per hour with 13 1060

Aside from that there will be halving of Reward once we reach 30000 blocks from 2500 to 1250 SIGT
sr. member
Activity: 382
Merit: 251
August 03, 2017, 11:26:54 PM

I've been mining SIGT for the last week, profitability better than ETH and takes less power too.


What is your rig? AMD or Nvidia cards?
full member
Activity: 259
Merit: 108
August 03, 2017, 10:06:37 PM

I've been mining SIGT for the last week, profitability better than ETH and takes less power too.



Which wallet / miner are you using?
sr. member
Activity: 2604
Merit: 339
Vave.com - Crypto Casino
August 03, 2017, 07:49:18 AM
how many rigs do you need to make it profitable?? and its also hard to find 470's
Its really hard to find 470's as of now since its been almost sold out in most places on any country.Just like on my place theres really a scarcity of GPU on which most people here are already engaged on mining etherium mostly and other altcoins in the market suppose it can be mined by using GPU. Mining would be profitable though in my place on just having 470.. For about 7pcs of it would be sufficient enough to have a profit on monthly basis.
full member
Activity: 254
Merit: 100
Blockchain with solar energy
August 03, 2017, 07:46:46 AM
how many rigs do you need to make it profitable?? and its also hard to find 470's
full member
Activity: 175
Merit: 100
August 03, 2017, 07:22:47 AM
Ethereum mine is very profitable, my friends are a lot of mine Ethereum. Thus Mine Ethereum can be said to be very profitable.

He must have very cheap electricity.
full member
Activity: 280
Merit: 100
August 02, 2017, 03:25:18 PM

I've been mining SIGT for the last week, profitability better than ETH and takes less power too.

full member
Activity: 154
Merit: 100
August 02, 2017, 01:45:11 PM
It's still profitable ETH is at a decent price.  Hopefully it remains stable and doesn't do anymore huge swings, because thats just a pain when mining.
member
Activity: 102
Merit: 10
August 02, 2017, 01:32:04 PM
With the low eth rate at exchanges, the profitability is going down badly.
I cancelled my orders for more rigs...

I did the same. If the price do not recover, I will sell my rigs.
member
Activity: 118
Merit: 10
August 02, 2017, 07:53:03 AM

[/quote]

I think it is still very profitable now.
[/quote] you do not think correctly. Chech ethereum profit calculators. With the increase in network hashrate,increase in difficulty due to the dirty bomb and the value which is half what it was 2 months ago, you are wrong. Even a 1070 will net less than a dollar a day after electric cost.
[/quote]


One of my personal rigs which consists only of 3 Nvidia cards I have switched it to Zcash mining with EBWF Zcash miner. I was running them in Nicehash for Ethereum mining but I don't think it's worth anymore. Zcash mining gives me 7-10 USD more for a card if the coinwarz calculator is right.
[/quote]

How you come on 7-10USD? Think you have a wrong hashraste inserted Wink
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