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Topic: Is Ethereum Mining still profitable? (Read 1382 times)

full member
Activity: 265
Merit: 102
October 06, 2018, 10:25:20 PM
#57
Although you can earn in mining still you need a lot of time in that and really big money if you can handle why not like if this affordable for you another thing there always a risk like in mining so accept that if this not turn well like if you mine eth then it drop,Moreover try all ways to earn here even risky if you can we only need knowledge here to earn so study all about crypto
member
Activity: 700
Merit: 10
October 06, 2018, 10:22:55 PM
#56
From what i know from my friend, its still profitable but not too much. Their profits reducing much because ethereum price drop more than 70% from highest. But they still keep mining ethereum because they see potential of ethereum
hero member
Activity: 1106
Merit: 502
October 06, 2018, 09:57:40 PM
#55
Ethereum price is staying under $200 and I was wondering if mining is still profitable.

If you make an Ethereum Mining Rig today for $2500 that mines about 0.5 ETH per month, with the actual price you will need about 2 years to repay your investment.

How to Mine Ethereum Guide
If we count to the numbers then we will see, if Etheruem is at the price of 1000 USD then we only need 5 months to take advantage.
1 month results are 0.5 Ethereum = 500 USD.
2 months the results are 1 Etheruem = 1000 USD.

4 months has produced 2 Etheruems and that's when the price of 1 Ethereum = 1000 USD and now Ethereum is around 200 USD, so?
member
Activity: 672
Merit: 35
#BUIDL team to become delegates-validator
September 20, 2018, 10:37:37 PM
#54
Ethereum price is staying under $200 and I was wondering if mining is still profitable.

If you make an Ethereum Mining Rig today for $2500 that mines about 0.5 ETH per month, with the actual price you will need about 2 years to repay your investment.

How to Mine Ethereum Guide
Well buddy asked.
I think there's two understatement about what buddy ask (Roi and interest in mining)

* to Roi it's so far away if you have a GPU or an Asic, or along in-one pool of mining, it also includes electrical cost etc
* But if you like it or enthusiastic in mine, I think you can mining another coin and certainly do you think a good project.
full member
Activity: 462
Merit: 100
September 20, 2018, 03:59:54 PM
#53
The block reward for ethereum is still the same though the difficult is ok. You may be able to mine more coin but the market value will be low. If the mining reward is low and difficulty is low, you can get more coin that you can sell for profit in better market!
sr. member
Activity: 672
Merit: 250
Most Advanced Crypto Exchange on the Blockchain
September 20, 2018, 03:51:26 PM
#52
Ethereum mining is still profitable even if the price dropped a bit in the past time. I think people who are mining should continue to do so.
full member
Activity: 954
Merit: 104
ludenaprotocol.io
September 20, 2018, 03:44:23 PM
#51
No, do not try to competite with big whales who invest million of dollars into mining farms. Simply, buy coin which is interesting for you and you will do better thing that mining it Wink.
full member
Activity: 602
Merit: 100
September 20, 2018, 03:42:56 PM
#50
In principle, Yes, it is profitable, I know that a lot of people switched to mining ether,but after it fell below $ 200 for the token, many were disappointed, since it became not so profitable, if not in the negative, and now the ether is not particularly growing when it starts to grow, I can definitely say that many will
sr. member
Activity: 602
Merit: 252
September 20, 2018, 03:39:27 PM
#49
To date, I do not see the point of mining the ethereum. This is not cost-effective. Spending on electricity does not pay off. So now, I just turned off the farm. We are waiting for the price recovery, and we will continue to evaluate.
member
Activity: 280
Merit: 10
September 20, 2018, 01:36:24 PM
#48
In fact, most of the people who stop doing the mining, in fact, for those who have a high return on mining. I think that those who continue to do the mining right now will have the same payoff as well as they will win from the possible rises.
member
Activity: 882
Merit: 11
Volare.network
September 20, 2018, 01:31:48 PM
#47
if ethereum prices are still like this in the next few months. it looks like mining ethereum is not a good choice. overall if the market doesn't improve, it's not mining, maybe ICO investors, crypto traders or even Project developers will leave the cryptocurrency
full member
Activity: 658
Merit: 100
September 20, 2018, 01:25:34 PM
#46
in 2018 mining is profitable only if you have free electricity i think the future is for proof of stake, delegated proof of stake and for master nodes good luck in the rest of your journey here Smiley
full member
Activity: 826
Merit: 105
September 20, 2018, 01:12:00 PM
#45
Ethereum price is staying under $200 and I was wondering if mining is still profitable.

If you make an Ethereum Mining Rig today for $2500 that mines about 0.5 ETH per month, with the actual price you will need about 2 years to repay your investment.

How to Mine Ethereum Guide
ETH might be another shit coin, but it's still the second place of the market. and it stayed there for quite long time.
people have faith on it
so, even miners might not get profit back, but that's the worst case.
full member
Activity: 700
Merit: 100
September 20, 2018, 11:27:12 AM
#44
if I think ethereum mining is good enough for capital enhancers compared to other coins that are still above it depends on whether we use it or not, if used correctly it might produce the desired but if not used it does not get anything from ethereum mining.
member
Activity: 560
Merit: 13
September 20, 2018, 11:22:28 AM
#43
Hey guys as of now do not plan for mining, as you are aware that the value is very low mining is not giving profit these days. The earnings which you could earn via minings will be equal to the electricity bill and internet bill.
newbie
Activity: 76
Merit: 0
September 20, 2018, 11:12:23 AM
#42
If you just calculate the return of mining with the current price, you will probably don't get the positive value or a very long returning time due to the high cost of setups and electricity. However, if you are thinking the possible growth of ethereum in the future, then it is worth to mine, because you are investing the coin's future. From the past, ethereum reached nearly $1200, so it may back to its all time high in near future.
newbie
Activity: 39
Merit: 0
September 20, 2018, 10:52:52 AM
#41
Ethereum price is staying under $200 and I was wondering if mining is still profitable.

If you make an Ethereum Mining Rig today for $2500 that mines about 0.5 ETH per month, with the actual price you will need about 2 years to repay your investment.

How to Mine Ethereum Guide

Mining is not profitable now a days , due to electricity expenses  too. if you go to cloud mining also not  profitable. its better to invest on exchanges and wait for the next moves
full member
Activity: 518
Merit: 100
September 12, 2018, 07:25:26 PM
#40
At this point, the price of the coin coupled with the cost of mining, things like electricity bills and the like, I wouldn't think that the mining of the coin is still profitable. Although the people who are mining the coin now know that they are not mining it for the present but are actually mining the coins for the future.
jr. member
Activity: 79
Merit: 3
September 12, 2018, 04:16:09 AM
#39
Last year, Ethereum became a star cryptocurrency, and its price performance exceeded Bitcoin. But by this year it is completely different. This second-largest digital asset has fallen nearly 85% this year. Some days ago, the price of Ethereum has fallen below $200, and the patience and mood of investors have been greatly destroyed.

Ethereum brings a computer network. Ethereum is like a car's petrol. Developers can view its token (ETH) as a fuel for implementing certain functions on the blockchain.

Ethereum has risen from the price of 8 US dollars at the beginning of last year to the highest point of nearly 1,400 US dollars, the price has increased nearly 175 times. Ethereum is a good choice in my opinion.
sr. member
Activity: 462
Merit: 290
September 11, 2018, 08:09:22 AM
#38
when coin prices fall this low, many miners choose to stop mining. because it's really not profitable. expenses more than income. but it's a very good time to buy Ethereum.
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