With the current price going up, i would make sense it's profitable again.
I do encounter set up issues so I did not proceed with it.
Topic: Ethereum mining still profitable? - page 68. (Read 131243 times)
I have not been able to do the set up properly, so I can imagine that those that do are probably making a decent profit, of course ethereums real value will be determined when fully functional. I was going to buy some cloud mining power on genesis to mine ether but the numbers just didnt quite add up better off just buying more ether and holding it.
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.
its kinda complicated setting the Ethereum mining up. I lost a lot of time stting my rig up. But I couldn't do it anyway since the rig had a W7 32.
Now I need to instal the 64 and try again.
You also need 4GB memory at least. The speed of the memory does not matter. The hash rate has dropped a lot since the beginning as the DAG file size has increased.
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.
its kinda complicated setting the Ethereum mining up. I lost a lot of time stting my rig up. But I couldn't do it anyway since the rig had a W7 32.
Now I need to instal the 64 and try again.
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.
Its pretty easy to be honest and there is a really good article at https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
Considering certain factors, you can decide to mine ethereum or not. Ethereum is being hugely traded on different exchanges. The value may rise soon. However prediction is just for prediction only. It will not be related to mining.
The factors you may think about is
1. Electricity cost, if you're going with free electricity or solar like energy systems, you can save a lot of money. So it will be profitable.
2. Difficulty and your hardware means your rigs capacity. If you have a farm of rigs, you can beat the difficulty and make much more coins.
The factors you may think about is
1. Electricity cost, if you're going with free electricity or solar like energy systems, you can save a lot of money. So it will be profitable.
2. Difficulty and your hardware means your rigs capacity. If you have a farm of rigs, you can beat the difficulty and make much more coins.
The price of Ethereum has risen steadily recently. So the mining is more profitable now. Much better than a few months ago.
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.
If you run windows, the process is not complicated. It is similar to other altcoin mining. You just need to follow the steps.
I was gonna mine Ethereum for fun but a lot of steps are involoved in setting it up. I don't have a programming background so I just gave up. I do like the idea behind Ethereum.
Shouldn't the Ethereum algo block or limit high intensity users so that no 1 big poweruser can take over?
Or am I wrong?
Or am I wrong?
It is not the high intensity miners, it is the pools. Two pools have over 50% of total hashing power at the moment.
Shouldn't the Ethereum algo block or limit high intensity users so that no 1 big poweruser can take over?
Or am I wrong?
Or am I wrong?
The Genesis Mining has come to the Ethereum mining. The difficulty has risen too much. It will soon be unprofitable for most people.
very soon it will not be profitable even for cheap electricity users.
diff from 7k to 8.7k in just a few days.
diff from 7k to 8.7k in just a few days.
If I use this guide
https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
where would I find my mined ETH coin?
cheers
https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
where would I find my mined ETH coin?
cheers
If you followed it you'd have an account created within geth.
You can type "geth account list" to see your account
You can then take that account # (starting with 0x)
Then do "geth console" give it a few minutes. Once its settled you can enter web3.eth.getBalance(account# from earlier) and it should show you what you have.
You can use http://etherscan.io/ether-mining-calculator to calculate the mining profitability.
If I use this guide
https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
where would I find my mined ETH coin?
cheers
https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
where would I find my mined ETH coin?
cheers
The Ethereum price has dropped a bit from $1 to $0.8 recently. The hash rate is rising slowly. So it is not profitable for most high electricity price users.
Yes it really depends on your rig and power costs.
It's getting very close to not being profitable. Obviously that can change as the price changes.
But difficulty is just increasing too steadily.
It's getting very close to not being profitable. Obviously that can change as the price changes.
But difficulty is just increasing too steadily.
I have 2 rigs with 8 r9 280x and my monthly bill is 70 euros, I mine around twice that much.
1 280x is about 180W, 8x280x = 1440W or 34.6 units a day. You electricity bill is 2.3 euro per day, so the unit cost is 0.067 euro per kWh. That is very cheap.
I have 2 rigs with 8 r9 280x and my monthly bill is 70 euros, I mine around twice that much.
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