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Topic: Is the mining of Ethereum profitable? - page 3. (Read 1095 times)

full member
Activity: 157
Merit: 100
Out of the box is where I live
January 08, 2018, 06:30:51 PM
#21
I don' t understand why some people keep on saying it's not profitable, especially at the current rates. It's simple math and yes electricity cost is a variable.

With a rig like mine you can get more than 30$/day easily, some days even around 70$ if you can select the right coin (I even made 80$ one day on ZCL). Yes it needs power but not for a cost of 30$/day and if the mined coin increases in value, your profit per day is virtually much bigger. When I started mining I could make 10$/day on ETH, profitability was not very high. Now those same ETH I kept have 5 times more value so it's like I was earning already 50$ / day at that time. If the value continues to go up, it will increase profitability of mined coins even more. At that rate the cost of a mining rig is covered in less than 3 months, add electricity cost, one year electricity might add a month or two.

Of course, there is one easy alternative, you can buy the coin directly Smiley Buying 2500$ worth of ETH 6 months ago would be around 12000$ today, mining cannot beat this in a fast growing market but once prices will be more stable, mining will be the best alternative.





sr. member
Activity: 847
Merit: 383
January 06, 2018, 05:25:25 PM
#20
no it is not profitable.  Stay away
legendary
Activity: 1498
Merit: 1030
January 06, 2018, 05:01:35 PM
#19
ETH has been profitable to mine for years - IF your power cost was low enough.

 The past 9 months or so the profitabilty has been so much higher that power cost is almost not a factor.

full member
Activity: 280
Merit: 101
January 06, 2018, 05:41:33 AM
#18
Etheruem has shown over time that it can weather the storms of cryptocurrency  challenges.
Looking at the coinmarketcap website, you can easily notice that ethereum is pushing and hobnobbing with the toppers.
Hence, I guess it is should be a profitable venture to mine.
full member
Activity: 583
Merit: 106
January 05, 2018, 06:21:13 AM
#17
they will brake down but eventually new cards with better hashrate per watt are appearing

With undervoltage, underclocked and optimal enviroment there is noway to break down any card. All of my cards are working since the very beggining.

And yes, ETH is profitable however if you dig deeper you will find more profitable coins out there.
full member
Activity: 182
Merit: 101
January 05, 2018, 06:18:09 AM
#16
i would rather say first year is  geting back your money from the investment, and all future time will bring arround 100% year. and it would be a very good summary Wink
newbie
Activity: 1
Merit: 0
January 04, 2018, 12:03:36 PM
#15
Right now it is quite profitable, but it is better to see the historical comparison between prices and the difficulty. Also take in mind that the cards doesn't last forever - not that they will brake down but eventually new cards with better hashrate per watt are appearing. So, I would say that we are looking at about taking back the price of hardware in the first year and then start taking profit which will gradually slow down. So if you invest X money in 2-3 years you will make back double the initial investment.
full member
Activity: 182
Merit: 101
January 04, 2018, 10:38:19 AM
#14
For the long time(last half year) it was giving about 5-10% back of the investment, and last month its hiting like 15-20%. so its looking really god for mining.
full member
Activity: 788
Merit: 100
January 04, 2018, 10:10:12 AM
#13
Always profitable, every day ethereum price rising , now ethereum price touch All time high at $1000
Congrats  Grin
full member
Activity: 196
Merit: 101
January 04, 2018, 09:54:22 AM
#12
Hello, I'm thinking about the mining of Ethereum. Is this a profitable business? And how much do I need to invest in hardware?
You will need a large amount of money for good hardware. This investment will be difficult to return with profit, the return will take several years. I do not advise you to mine, better participate in bounty campaigns.
full member
Activity: 157
Merit: 100
Out of the box is where I live
December 24, 2017, 08:11:13 AM
#11

Thank a lot.  Your answer is quite informative  Smiley

You're welcome!
Don't forget to check your electricity cost because that can reduce your profitability. My rig is around 800W but if you choose more power hungry cards, you can rapidly go above 1000W
newbie
Activity: 364
Merit: 0
December 23, 2017, 03:01:07 PM
#10
You can calculate you ETH mining profit on coinwarz... as per my think ETH mining still profitable .. dont look behind just start mining r8 now .. its will boom one day     Wink Wink Wink Wink Wink
full member
Activity: 225
Merit: 100
umachit.fund
December 23, 2017, 02:14:13 PM
#9
with my rig, I invested 2500$ for 10x GTX 1060 and I'm making around 24$ / day with the current value of ETN. It took me 3 months to be break even so whatever you hear, yes it's profitable but nobody know how long it is going to be profitable. Mining cryptocurrency is bet for the future.

Details of my rig are in my signature. Prices have decreased since I built my rig so you may end up having the same kind of rig for less than 2500$
Thank a lot.  Your answer is quite informative  Smiley
full member
Activity: 157
Merit: 100
Out of the box is where I live
December 23, 2017, 07:21:19 AM
#8
with my rig, I invested 2500$ for 10x GTX 1060 and I'm making around 24$ / day with the current value of ETN. It took me 3 months to be break even so whatever you hear, yes it's profitable but nobody know how long it is going to be profitable. Mining cryptocurrency is bet for the future.

Details of my rig are in my signature. Prices have decreased since I built my rig so you may end up having the same kind of rig for less than 2500$
full member
Activity: 336
Merit: 100
December 23, 2017, 06:50:29 AM
#7
Hello, I'm thinking about the mining of Ethereum. Is this a profitable business? And how much do I need to invest in hardware?
I would not advise you to start extracting the etherium. Its price has fallen again, and you need a large initial investment.  Wink
Its rate is failing now. But I think it is going up in the future. Ethereum has already shown what is capable at the end of this year
If you know how to wait, then try. Maybe you will get some profit in the future. I definitely can not wait that long.  Cheesy
hero member
Activity: 1498
Merit: 597
December 22, 2017, 11:54:45 PM
#6
Hello, I'm thinking about the mining of Ethereum. Is this a profitable business? And how much do I need to invest in hardware?

let me quote myself again and again and again  Grin

I DONT UNDERSTAND WHY NEWBIES KEEP ASKING THE SAME QUESTION " ITS TO LATE TO START MINING , IT IS STILL PROFITABLE ?"

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 !
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 !
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 !
It's little bit of gambling , you must to decide you want to play on the lottery or not  Grin

Original topic here
full member
Activity: 308
Merit: 100
December 22, 2017, 06:53:52 PM
#5
Do not listen to anyone, just do it. The price of the ethereum will grow long and confidently. This crypto currency has a great potential.
full member
Activity: 225
Merit: 100
umachit.fund
December 22, 2017, 06:23:11 PM
#4
Hello, I'm thinking about the mining of Ethereum. Is this a profitable business? And how much do I need to invest in hardware?
I would not advise you to start extracting the etherium. Its price has fallen again, and you need a large initial investment.  Wink
Its rate is failing now. But I think it is going up in the future. Ethereum has already shown what is capable at the end of this year
full member
Activity: 336
Merit: 100
December 22, 2017, 06:08:20 PM
#3
Hello, I'm thinking about the mining of Ethereum. Is this a profitable business? And how much do I need to invest in hardware?
I would not advise you to start extracting the etherium. Its price has fallen again, and you need a large initial investment.  Wink
sr. member
Activity: 420
Merit: 252
December 22, 2017, 05:30:39 PM
#2
Website whattomine.com there you can find information about profit and decide how much you want to invest
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