Ethereum mining still profitable? - page 5.

Blackmoon Crypto

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Quote from: BTCBinary on December 04, 2015, 12:19:52 AM

I was wondering if ethereum mining is still profitable. So what do you say?

Is it still profitable to mine ethereum with GPUs and CPUs?

It will be very easy for you to use this calculator to understand profitability: https://badmofo.github.io/ethereum-mining-calculator/. Hope that helps!

lentyna

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Quote from: oup59 on August 04, 2017, 12:26:54 AM

Quote from: lentyna on August 02, 2017, 04:25:18 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?

AMD RX 580s, Nvidia would be much better, but even with AMD it's more profitable than ETH especially it was going up for the last few days.

lentyna

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Quote from: BennyT on August 03, 2017, 11:06:37 PM

Quote from: lentyna on August 02, 2017, 04:25:18 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?

I use Windows wallet.

Miner: sig-miner

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

pigfrown

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Quote from: Haldon on August 05, 2017, 02:40:33 PM

Quote from: GymForVitalik on August 05, 2017, 04:26:12 AM

Very lucky that pos was postponed for another year

Quote from: Cashew on August 05, 2017, 04:44:16 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.

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.

malekbaba

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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

Haldon

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Quote from: GymForVitalik on August 05, 2017, 04:26:12 AM

Very lucky that pos was postponed for another year

Quote from: Cashew on August 05, 2017, 04:44:16 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.

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

dumada

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Quote from: Cashew on August 05, 2017, 04:44:16 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.

that is right. If you have paid off your miner and electricity price is low, it is still ok to mine.

Cashew

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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.

GymForVitalik

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Very lucky that pos was postponed for another year

mr.relax

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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

Astonuse

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Quote from: micle222 on August 04, 2017, 01:59:37 AM

Quote from: dumada on August 19, 2016, 04:02:00 AM

Quote from: Jistlad on August 18, 2016, 02:31:21 PM

Quote from: Carmen_Sandiego on August 17, 2016, 10:04:20 PM

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.

micle222

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Quote from: dumada on August 19, 2016, 04:02:00 AM

Quote from: Jistlad on August 18, 2016, 02:31:21 PM

Quote from: Carmen_Sandiego on August 17, 2016, 10:04:20 PM

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

oisilener1982

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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

oup59

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Quote from: lentyna on August 02, 2017, 04:25:18 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?

BennyT

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Quote from: lentyna on August 02, 2017, 04:25:18 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?

Hamphser

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Quote from: kinzey on August 03, 2017, 08:46:46 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.

kinzey

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Blockchain with solar energy

how many rigs do you need to make it profitable?? and its also hard to find 470's

Rastadon

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Quote from: ngerok on August 02, 2017, 12:44:31 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.

lentyna

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

Kanine Awe

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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.

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