I like rotisserie chicken but I can but one small one for $5-8. If I am going to spend $250 on a nice rotisserie. The math works out to me having to eat rotisserie chicken a few times a week for a vary long time to make it make sense to buy the rotisserie.
My point is for the investment to get started. And the cost to run the machine none stop for .32 daily of a $8 crypto coin. I feel like if I really believe in the coin I should just buy a few a week.
I wish I did not miss the boat with mining. It was like a modern day gold rush.
Topic: Why is Ethereum actually the only cryptocurrency worth GPU mining? (Read 12024 times)
December 15, 2016, 06:08:05 AM
December 06, 2016, 12:18:43 PM
The Ethereum price dropped a lot in the last few days. It seems if your electricity price is high and have old cards, it is not profitable.
October 27, 2016, 01:54:01 PM
I heard the SIAcoin is most profitable to mine at the moment. But the Etheruem difficulty is still rising.
It's not profitable at all. I mine it using claymore's miner while dual mining, but just mining Sia alone is a waste. 1000 Sias are worth 0.52cts currently...at 1.4Gh/s, it takes me 2-3 days to round up 5000 of those, def not worth it, only if you have free electricity maybe.
However, once Sia get their software a bit more user-friendly and do some more advertising, they could become the new dropbox and be worth a lot more than now. I personnaly keep my Sias for the time being.
You are right. With the increase of the difficulty in the past month, if the trend continues, it will not be profitable soon.
It does not matter too much. We will have the ZCash to mine in the next 5 days. That could make somebody rich.
Maybe if some of the massive farms can instamine some blocks, but the dev team at Zcash is taking steps to minimize that as much as possible.
The 3 leaders in profit will be Zcash, Etc/Eth and I think it is probably best at this point anyway to let the corporate outfits fight over Zcash mining. That will mean hash rate reductions in etc/eth. It is also likely this massive amount of GPU's added over the past month were for the mining of Zcash so that is essentially 75'000 GPU's ready to hammer Zcash and possible even more if the coin sells for a large amount.
Just remember to cash out all your coins before then in case eth/etc price dumps to buy up Zcash coins.
I agree with that. The Ethereum price is dropping now. It might be due to the fact that people are selling to get bitocin to buy ZCash.
October 23, 2016, 10:52:04 AM
I heard the SIAcoin is most profitable to mine at the moment. But the Etheruem difficulty is still rising.
It's not profitable at all. I mine it using claymore's miner while dual mining, but just mining Sia alone is a waste. 1000 Sias are worth 0.52cts currently...at 1.4Gh/s, it takes me 2-3 days to round up 5000 of those, def not worth it, only if you have free electricity maybe.
However, once Sia get their software a bit more user-friendly and do some more advertising, they could become the new dropbox and be worth a lot more than now. I personnaly keep my Sias for the time being.
You are right. With the increase of the difficulty in the past month, if the trend continues, it will not be profitable soon.
It does not matter too much. We will have the ZCash to mine in the next 5 days. That could make somebody rich.
Maybe if some of the massive farms can instamine some blocks, but the dev team at Zcash is taking steps to minimize that as much as possible.
The 3 leaders in profit will be Zcash, Etc/Eth and I think it is probably best at this point anyway to let the corporate outfits fight over Zcash mining. That will mean hash rate reductions in etc/eth. It is also likely this massive amount of GPU's added over the past month were for the mining of Zcash so that is essentially 75'000 GPU's ready to hammer Zcash and possible even more if the coin sells for a large amount.
Just remember to cash out all your coins before then in case eth/etc price dumps to buy up Zcash coins.
October 23, 2016, 06:04:09 AM
I heard the SIAcoin is most profitable to mine at the moment. But the Etheruem difficulty is still rising.
It's not profitable at all. I mine it using claymore's miner while dual mining, but just mining Sia alone is a waste. 1000 Sias are worth 0.52cts currently...at 1.4Gh/s, it takes me 2-3 days to round up 5000 of those, def not worth it, only if you have free electricity maybe.
However, once Sia get their software a bit more user-friendly and do some more advertising, they could become the new dropbox and be worth a lot more than now. I personnaly keep my Sias for the time being.
You are right. With the increase of the difficulty in the past month, if the trend continues, it will not be profitable soon.
It does not matter too much. We will have the ZCash to mine in the next 5 days. That could make somebody rich.
October 10, 2016, 01:15:26 PM
I heard the SIAcoin is most profitable to mine at the moment. But the Etheruem difficulty is still rising.
It's not profitable at all. I mine it using claymore's miner while dual mining, but just mining Sia alone is a waste. 1000 Sias are worth 0.52cts currently...at 1.4Gh/s, it takes me 2-3 days to round up 5000 of those, def not worth it, only if you have free electricity maybe.
However, once Sia get their software a bit more user-friendly and do some more advertising, they could become the new dropbox and be worth a lot more than now. I personnaly keep my Sias for the time being.
You are right. With the increase of the difficulty in the past month, if the trend continues, it will not be profitable soon.
September 21, 2016, 12:30:54 PM
I heard the SIAcoin is most profitable to mine at the moment. But the Etheruem difficulty is still rising.
It's not profitable at all. I mine it using claymore's miner while dual mining, but just mining Sia alone is a waste. 1000 Sias are worth 0.52cts currently...at 1.4Gh/s, it takes me 2-3 days to round up 5000 of those, def not worth it, only if you have free electricity maybe.
However, once Sia get their software a bit more user-friendly and do some more advertising, they could become the new dropbox and be worth a lot more than now. I personnaly keep my Sias for the time being.
September 20, 2016, 01:06:52 PM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
Today, even the ETH alone has a hash rate of 5700 GH/s. It seems the miners are very confident the price will rise.
September 11, 2016, 01:12:34 PM
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.
Yeah difficulty doubled in like 3 months and it goes down 5 % and everyone is saying its profitable again.
That is because Ethereum miner moved to mine the Monero. When the price of Monero drops, miners will move back and it become less profitable again.
I think the miners are moving back and forth between the Monero, ETH or ETC. Especially the ETC and ETH.
September 06, 2016, 12:52:11 PM
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.
Yeah difficulty doubled in like 3 months and it goes down 5 % and everyone is saying its profitable again.
That is because Ethereum miner moved to mine the Monero. When the price of Monero drops, miners will move back and it become less profitable again.
September 05, 2016, 05:52:31 AM
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.
Yeah difficulty doubled in like 3 months and it goes down 5 % and everyone is saying its profitable again.
September 05, 2016, 03:39:12 AM
Right now XMR is very profitable. At some point is more profitable de ETH or ETC. Hoping that XMR will be MOONero, I think you can give it a try to mine XMR.
Good luck,
Good luck,
September 05, 2016, 03:14:30 AM
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.
September 01, 2016, 08:20:05 AM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.
There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
The combined difficulty or the hash rate of ETC+ETH has reached all time high. And there are shortages of 4x0 cards. So somebody is expanding fast.
I think the new miners are based in the cheap electricity prices. The electricity in West Europe and some parts of America is too expensive.
If the Ethereum difficulty rise another 20% and the price does not rise, I have to switch off my Eth mining.
August 15, 2016, 12:25:02 PM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.
There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
The combined difficulty or the hash rate of ETC+ETH has reached all time high. And there are shortages of 4x0 cards. So somebody is expanding fast.
I think the new miners are based in the cheap electricity prices. The electricity in West Europe and some parts of America is too expensive.
August 13, 2016, 08:43:32 AM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.
There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
The combined difficulty or the hash rate of ETC+ETH has reached all time high. And there are shortages of 4x0 cards. So somebody is expanding fast.
August 12, 2016, 01:32:13 PM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.
There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.
My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.
August 11, 2016, 05:45:47 AM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.
There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.
August 10, 2016, 11:19:15 AM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.
August 02, 2016, 02:49:25 AM
Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.
Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.
The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.
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