no, I don't think it's efficient to mine ethereum now because it's not profitable for you, it's better to mine bitcoin or other coins.
ethereum is now very suitable to buy because it's cheap, if you have USDT immediately buy ethereum because it will be very profitable later
Topic: Is Ethereum Mining still profitable? - page 2. (Read 1401 times)
Yes, it will become stable soon. I will buy if ethereum will go below $190. I believe that ethereum is really good for long term position, that's why I am very bullish on ethereum, there's a lot of people using ethereum now. Wait for the right time.
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.
It takes a long time to break even from mining crypto especially right now when the price is quite low, i guess the difficulty will get lower because people will switch to another coin to mine so the roi will get better than that but you can mine a lot of coin with gpu so if you think it's not profitable to mine eth then there's a lot of options to choose, you can also sell your mining rig later if you want to stop. 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.
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.
Ethereum as of now is very low in the market so probably it is not much profitable compared the last year 2017 which mining for Ethereum is profitable since it is quite high value. Speaking of ROI from your investment in buying mining rigs plus other expenses I think 2 years is too short to have your ROI back. Maybe at this year Ethereum is not much profitable but who knows by next year, it will come back just like what happened last year. So mining today is not profitable in short term but in long-term mining probably huge ROI you had. 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.
No Lyra2z already more profitable then ETH-hash, but many miners believe in tomorows day of eth and mine it for further selling.
Now that Ethereum has caused panic selling, I think mining has no value. The future Ethereum will not be very valuable.
Developers who know if it's profitable if Ethereum prices last $ 200. I personally feel it benefits the developers, but it has diminished.
making ethereum mining was much easier and profitable. but the etheraum has been very depressed lately. so the minig cost was much higher.
it is not just about ETH price dumping, it is about all the other factors that has also been happening.
- decreasing the block rewards! instead of fixing the issues they decided to suddenly decrease the block reward and make it unprofitable for miners to come in so that they can prevent the big mining farms from shaping this fast.
- introduction of ASICs. this is like the final blow to GPU miners because as more ASICs enter the market and start mining ETH, you will no longer be able to even find a block with your rig let alone make profit.
- and finally there is always the fear of switching to PoS. since ethereum is centralized and doesn't have a clear roadmap about these things they can switch to PoS tomorrow or may not ever! it is just flipping a switch and that means there will always be a fear among new small time miners about their future and prevents them from starting to mine.
- decreasing the block rewards! instead of fixing the issues they decided to suddenly decrease the block reward and make it unprofitable for miners to come in so that they can prevent the big mining farms from shaping this fast.
- introduction of ASICs. this is like the final blow to GPU miners because as more ASICs enter the market and start mining ETH, you will no longer be able to even find a block with your rig let alone make profit.
- and finally there is always the fear of switching to PoS. since ethereum is centralized and doesn't have a clear roadmap about these things they can switch to PoS tomorrow or may not ever! it is just flipping a switch and that means there will always be a fear among new small time miners about their future and prevents them from starting to mine.
The cost of mining is very large, I think this is not a good way. Mining requires labor costs, electricity costs, and many more. And now the price of Ethereum has fallen so badly, I think there is no profit in mining.
If you're right then I'm wondering what happens next. I mean, what if the miners stop mining Ethereum?
I was in the mining forum asking about my situation which is basically I have free electricity. All I would need is to buy the equipment. The answer was still a no go for me. I may have been able to squeak out a few bucks but in the end it simply wasn't worth it.
In this situation the ethereum price is on dropping.
For ethereum mining it wasn't profitable for now.
In my opinion the best thing to do is buy more ethereum.
I was in the mining forum asking about my situation which is basically I have free electricity. All I would need is to buy the equipment. The answer was still a no go for me. I may have been able to squeak out a few bucks but in the end it simply wasn't worth it.
With the bearish trend of the market, its quite difficult to find a cryptocurrency that can be mined at a profit. Mining ethereum lately is far from being profitable due to the reduction in block reward, coupled with the down trend of the price.
I am pretty sure that unless you have a massive server farm with free solar or wind power that you can't be making any returns with Ethereum at these low levels. Also consider that the days of POW are numbered as most projects are now being ported to a POS model instead.
Thinking of the ROI without even starting will not help especially on ETH's current situation. The price might be low now but think of what will happen if the price goes up. You can have up to 200% increase on your capital when it happens. Also, if you have ETH on hand, you can easily buy cheap alts and then sell them when you are satisfied with the price. Relying on mining alone is not really productive. You need to trade as well.
Mining used to be a dream job, especially in the late 2017 considering the hype and high spikes in prices of all of the crypto currencies. But for now I highly doubt it's as profitable as before. Especially since all of the altcoins right now are on down-trend. So personally, I don't think it is profitable anymore..
But we can never know what might happend in the future, right? we never thought bitcoin could be as profitable as now as well before. Since everything could happend in this market I guess it's up to ones opinions.
But we can never know what might happend in the future, right? we never thought bitcoin could be as profitable as now as well before. Since everything could happend in this market I guess it's up to ones opinions.
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.
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.
In my opinion mining ethereum is still profitable compared to mining bitcoin, Monero or others, I've been mining ethereum for more than a year and I can still make a profit even though ethereum's price is currently under $ 200.
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.
I think tapping the altcoins now is not a good time. Because the current Crypto market is not good and its price has gone down a lot. This leads to a decrease in profit for ETH exploits or losses. So you should consider abandoning this industry. 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.
Ethereum mining now has no profit. The price of Ethereum is now very bad, and the electricity bill is very expensive. I don't think this year's encryption market will pick up in the short term.
maybe they need to take a rest for a while.continuing mining with current ethereum price should make them loss alot.electricity and maintenance cost could reduce their mining result. Jump to: