Topic: Is mining Ethereum profitable? (Read 596 times)

All coins now is ASIC resistant, that is way buy ASIC is not good idea, but i agree with you about GPUs.

Is mining Ethereum profitable this days, how we can start mining it?

Is mining Ethereum profitable this days, how we can start mining it?

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ? WHY MY EARNING IS LESS THAN ALL THOSE ONLINE CALCULATORS TELLING ME? WHAT IS THE BEST COIN TO MINE ? WHAT IS THE MOST PROFITABLE COIN TO MINE"

No one can tell you !
Always going to be a 2 group of ppl who telling you it's ok go for it , or dont bc you just wasting ur money and time !
You have to make a decision for yourself !
Do your own research !
No one can tell you for sure what's going to happen with cryptocurrency !
No one can tell you it's going to be profitable for you or not !
No one can tell you how much profit you going to be able to make ! ( if you can make any at all )
No one can tell you the ROI ( return of investment) time !
No one can tell you what is the best coin to mine !
No one can tell you what is the most profitable coin to mine! Coins profitability always changing, what is best to mine today, maybe going to be the worst to mine tomorrow !
None of those calculators you are seeing on the web can tell you what's coming tomorrow , months later or 6 months later !
Those calculators telling you about today , at that moment when you typing in your information !
None of those online calculators calculating pool luck !
None of those online calculators calculating your stale/rejected or invalid shares !
None of those online calculators able to predict difficulty growth !
None of those online calculators can predict what would be the coin/$ exchanges rates a minutes later, a hour later,  tomorrow, next week,  months later, 6 months later or a year later !
It's little bit of gambling , you must to decide you want to play on the lottery or not  
YES some of us got lucky , made some money with mining
YES some of us got unlucky , lost some money , bc when price started to fall , sold they coins , miners...

! INVEST ONLY WHAT YOU'RE WILLING AND ABLE TO LOSE !
! INVEST WITH THE UNDERSTANDING , THAT YOU COULD LOSE EVERYTHING !

ETH was suppose to switch to POS back in Summer of 2016 and it still hasn't happened yet. The dev team is very slow in updates and usually misses dead lines.

Right now the issue with the ETH ASICs is that the algo might switch to ProgPOW, rendering the ASIC useless, hence why its better to just invest in some GPUs, especially Nvidia's which generally hold their value very well over the long term.

When it finally goes POS, just sell the GPUs to gamers.

But i read ETH going to change into POS, if i plan to mining ETH buying ASIC will not be profit, is that true?

well, basically if you want profits on big coins like eth, you need to have an ASIC, or a large GPU. I personally might prefer other altcoins, maybe like the veils that I currently pay attention to make a pretty good profit.

Mining ethereum still profitable, but only if you have a low cost of electricity fee and a big power to mining.
If you don't have both, then I think it's difficult to get a profit from mining.
You need to calculate how much the fee you might spend in a month, and you need to compare the estimation of the price, so you need to know your chance to make a profit or not.
In some country which has a low cost of electricity, you can mining ethereum and earn a nice profit.

undermining is no longer profitable in general, only if you have low-cost energy or solar panels, and then you must also see the calculation of power/speed on https://www.cryptocompare.com/mining/calculator/eth

Is mining Ethereum profitable this days, how we can start mining it?

Yes if you want to mine with graphic card i would probably suggest you to mine Ethereum. For me Ethereum is the best coin to mine because of the coin itself, the diff, and the capital.