CryptoCoinsInfoClub.com

Ethereum Mining Profitability

Ethereum Mining Is Profitable, But Not For Long

Ethereum Mining Is Profitable, But Not For Long

Ethereum mining is profitable, but not for long Venture Capital | Investment Analysis | Deal sourcing + Execution. Previously founded and exited a profitable tech company in India You can also reach me at @shekhartee You can create a community post just like Shekhar here . This is a constant question, especially now that the price of Ethereum is rising. This year, Ethereum has seen an almost 20x jump in price. This increase has led people, who hadnt considered cryptocurrency, to sit down and become suddenly extremely interested. When this happens, I believe that most of the biggest profits have already been made. People have been mining the coin for months or years, and they have probably seen some tremendous gains, especially if they have a decent-sized operation. OK, lets get back to the question: Is it worth it to start mining? If you are just hearing about Ethereum and interested in maybe jumping onboard, this can be a very difficult question and the answer depends on a lot of factors. Well, hopefully, this article will help you get an idea of whether it is good to mine Ethereum. In elementary terms, Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. I remember a friend once came up to me and asked, Is bitcoin and Ethereumsimilar? Well, sort of, but not really. Like bitcoin, Ethereum is a distributed public blockchain network. There are, of course, some significant technical differences, but the most important is that they differ substantially in purpose and capability. Bitcoin offers one application a peer-to-peer electronic cash system that enables bitcoin payments. The Ethereum blockchain can support many different types of decentralized applications. Wait, if it is a n Continue reading >>

6 Answers - Is Ethereum Mining Still Profitable? - Quora

6 Answers - Is Ethereum Mining Still Profitable? - Quora

So many people saying it's too late. The best time to plant an oak tree was 30 years ago, the second best time is now. If you're not already handy with computers, Linux/Windows scripting and command line, hardware troubleshooting, know how ethereum works, and can wait 2+ months to get the possibility of breaking even on your hardware purchase, you'll get more for your money and time by focusing on learning how cryptocurrencies and trading work and perhaps invest some money (but only as much as you are willing to lose) and start trading it. Yes, Ethereum Mining is still profitable when it comes to mining on large scale. In modern technology world, the Ether and cloud mining prices are the most important factors that need to be considered while mining ethereum or various cryptocurrencies. Hashgains provides the excellent ethereum mining services at an affordable price. Hashgains mining platform simplifies the Ethereum Mining process and provides the newly mined coins in the simple and easy ways. Ethereum Mining purchase plans are the best and affordable plans through which one can easily mine various cryptocurrencies in fair ways along with the use of open ended 24 Months contract duration and additional free setup plan. Continue reading >>

Ethereum Mining Calculator

Ethereum Mining Calculator

Enter hashrate data for responsive chart! Enter hashrate data for responsive chart! Estimated Future {{coinSymbol}} Generated To save your configurations, simply bookmark the page you are on currently (Ctrl + D) or save the URL below! The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. The diff change factor can be disabled by either manually setting it to 0 or clicking a "Use Diff Change" switch found below the graph and in the break-even analysis section. Diff Change value is very large. Future profitability estimates may be inaccurate. Consider making Diff Change smaller or turning off Dynamic Difficulty. Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s. The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. Time to break-even is calculated by comparing your hardw Continue reading >>

It Is No Longer Worth It To Build An Ethereum Mining Rig

It Is No Longer Worth It To Build An Ethereum Mining Rig

It Is No Longer Worth It To Build An Ethereum Mining Rig Building an Ethereum mining rig hasnt been worth it for months, and soon they will be completely obsolete. Goodnight, sweet prince. Image: Daniel Oberhaus/Motherboard Back in May I wrote a guide explaining how to build an Ethereum mining rig , a special type of computer that forms the backbone of the Ethereum network and earns ether, the digital currency native to the network, for its owner. Shortly thereafter, Motherboard also made a video documenting this process . Since then, Ive received countless emails from readers inquiring about my mining rig. Ive received three such emails this week. The most common question voiced by these readers is whether or not it is still worth it to build a mining rig. The answer to this question is no. Building an Ethereum mining rig hasnt been worth it for months and a few months from now, mining ether will be completely obsolete. Read More: An Idiot's Guide to Building an Ethereum Mining Rig Arguably, building an Ethereum mining rig wasnt even worth it when I built my machine in May, and many readers let me know this when the article and video first came out. This is somewhat true, but there is a necessary caveat here. Mining ether also wasnt worth it for about the first year and a half of the cryptocurrencys existence. The price of ether hovered around $10 from 2015 until early 2017, when it saw a spike to $25. This was important because it meant the value of the ether being mined was higher than the cost of the electricity that was needed to mine it. In other words, until that point small scale mines were operating at a loss in the belief that the tokens they were mining would someday be worth a lot more money. In hindsight, these early miners were rightthe price of ether has Continue reading >>

The Dao Push Ethereum Mining Profitability To The Moon

The Dao Push Ethereum Mining Profitability To The Moon

Global Africa Arabic Canada China Czech Republic France Greece India - English India - Hindi Italy Japan Latin America Pakistan Philippines Russia South Korea Turkey UK Ukraine US The DAO Push Ethereum Mining Profitability to the Moon Press Release:CoinWarz, aplatform that allows miners to compare cryptocurrency mining profitability, recently launched their Ethereum mining calculator. Thelaunch was timed perfectly with The DAO crowdfund a project with the potential to push Ethereum mining profitability to the moon. Coinwarz, a service that provides mining profitability information for cryptocurrencies, has just launched an Ethereum mining calculator that shows the profitability of Ethereum mining. The launch was made possible via the partnership with Genesis Mining Ethereums largest mining company in the world. This service is perfectly timed with the DAO crowdfunding project, the largest crowdfunding in the history of any cryptocurrency. The DAO has raised more than $140 million and is a landmark in the history of the Ethereum protocol. The currency price has increased more than 60% since the beginning of the crowdfunding project. With this activity, Coinwarz reinforces itself as one of the most innovative and reliable services in its market. Operating since 2013 with more than 400 cryptocurrencies listed and currently showing mining profitability for 77 cryptocurrencies, Coinwarz has helped thousands of people to make good cryptocurrency mining investments. The most important part of calculating mining profitability is being able to calculate how much money can be made mining one cryptocurrency versus another cryptocurrency. Since Bitcoin is the leading cryptocurrency, mining profitability comparisons are made against mining Bitcoin. And now, with THE DAO pushing the Continue reading >>

Ethereum Mining Calculator And Profit Calculator

Ethereum Mining Calculator And Profit Calculator

Ethereum Mining Calculator and Profit Calculator Warning: The coin daemon or block explorer is offline which may cause out dated estimated expected cryptocurrency earnings to be displayed. Days to generate one block mining solo: 177.94 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 1327.20 Day(s) (can vary greatly depending on the current exchange rates) Days to break even: N/A (can vary greatly depending on the current exchange rates) Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate. Continue reading >>

Advanced Ethereum Mining Calculator | 99 Bitcoins

Advanced Ethereum Mining Calculator | 99 Bitcoins

Ethereum mining calculator powered by Instructions on how to use the EthereumMining Calculator: Enter the hash rate of the Ethereumminer youre planning to use Note: If some values in the Ethereummining calculator dont seem right (exchange rate, block reward, etc.) you can adjust them manually. However normally they are all up to date. Earningsare shown in USD based on the current exchange rate, the exchange rate can (and probably will) change from time to time. Profitis based on current difficulty to mine Ether. Difficulty can (and probably will) change. From past experience it usually goes up as time goes by. EarningsIS NOT profit. You still have to take into account the cost of your mining hardware and the electricity to run it (and cool it down if needed). Continue reading >>

The Real Cost Of Mining Ethereum

The Real Cost Of Mining Ethereum

Image Credit: Vitaliy Karimov/Shutterstock Just how profitable is it to mine Ethereum? To properly answer this question, lets start at the beginning: Lets construct a hypothetical mining rig, plug in some reasonable numbers, and come up with a pragmatic analysis of how much you can earn through Ethereum mining. Lets also hold the price of Ethereum static. By removing any profitability from the appreciation of Ethereum from the equation, well be able to correlate the actual rates of return exclusively with hardware, electricity, and any other costs associated with running a mining rig. Our assumption set uses numbers from January of 2018 that you can see below (we have done our best to use reasonable and middle-ground numbers): As you can see here, our hypothetical mining rig is more efficient and profitable than some of the best mining equipment on the market right now. We are assuming four GPUs that mine 40 MH/s each. The hardware specs are four GPUs, plus a processor, a motherboard, and a power supply rated at 1,000 Watts of electricity. The cost of this rig would be approximately $3,000. A reasonable cost of power is approximately 10 cents per kwh. This is below the national average for retail power rates in the U.S. To run a mining rig you will likely pay at least 10 cents per 1,000 watts run for each hour. This means one full day of mining comes with an electricity cost of $2.40. We will also use the block reward and block difficulty from January of 2018 as our base point. And we assume mining with a single rig is only reasonable when working with a mining pool. Some mining pools take up to 10 percent of your earnings, but some of the best only take 1 percent. For that reason, weve pick a modest 1.5 percent. Taking several points across Etherescans historical char Continue reading >>

3 Reasons Why Ethereum Mining Is Profitable In 2017

3 Reasons Why Ethereum Mining Is Profitable In 2017

The answer is yes. Ethereum can be mined with power efficient GPUs. On top of this, the value of Ethereum is steadily on the rise. Both of these factors are fantastic reasons to mine Ethereum. This is the projected mining profitability of the Radeon R9 295 X2 . As you can see, youll make over $800 USD annually per card. This means youll break even in less than a year and generate passive income. Since the price of Ethereum is steadily rising, your profit margin will increase even more. Ethereum is similar to Bitcoin, yet it has two key differences that have been crucial for its success: Smart Contracts and the shift to proof of stake . Unlike Bitcoin, the coding language used for Ethereum makes it much easier for programmers to develop programmable money, or Smart Contracts. This is revolutionary in the world of cryptocurrencies and opens many doors for the future. Ethereums second key difference from Bitcoin is its shift from proof of work to proof of stake. Before you can understand proof of stake, you must understand proof of work. Blockchain technology was created in 2009 when Bitcoin was released. In essence, a blockchain is a database. In the world of cryptocurrencies, the blockchain is a database of transactions. If someone tries to initiate an invalid transaction, the blockchains code will determine that its invalid and it will reject the transaction. If someone were to say they mine Bitcoin, Ethereum, Litecoin, etc. it means they are setting their computer to solve the cryptocurrencys algorithm. The computers adding the transactions to the blockchain are executing extremely difficult tasks. Its basically a guess and check system in which your computer is constantly checking the code until it finds the solution. This is all to prove a valid transaction on a blo Continue reading >>

Is Ethereum Mining Profitable In 2018?

Is Ethereum Mining Profitable In 2018?

In this article we will try to figure out the profitability of Ethereum mining As the price of Ethereum isaround $1000 you may be wondering to yourself whether its worthwhile to mine ETH. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. In this article we will try to figure out the profitability of Ethereum mining. There are three important factors to consider: In a word, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network the difficulty increases. The Ethereum mining difficulty had been steadily increasing since the beginning of December with 1,500TH to ~2,500H. EtherscanEthereum Block Difficulty Growth Chart The daily block rewards of ETH have hardly changed since December and it is currently ~20.339 ETH. The hashrate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. Miners with a high hashrate usually come with a high price tag, but they also typically use more electricity as they operate which could further drive your costs up. Average hashrate of ethereum network has increased since December from ~125492GH/s to ~203394GH/s, which is the highest rate of all time at the moment. Etherscan Ethereum Network HashRate Growth Rate Each mining rig works at a different level of efficiency and uses a variable amount of electricity. On the low end, miners typically draw ~100 Continue reading >>

Ethereum Mining Profitability In 2018

Ethereum Mining Profitability In 2018

After Bitcoin, Ethereum is the second most popular digital currency in terms of value. With the popularity and increasing value of Ethereum, it is quite clear that Ethereum mining is a trending topic. Before investing in Ethereum mining GPU or mining rig, it is advisable to know how profitable is to mine Ethereum in 2018. Yes, it is profitable. The cryptocurrency can be easily mined with powerful GPUs. Above all, the price of Ethereum is increasing continuously. Therefore, it is profitable to mine Ethereum in 2018. Ethereum has much similarities to Bitcoin , except the two main differences, namely its shift to Proof-of-Stake and Smart Contracts. The coding language of Ethereum helps programmers or developers to prepare smart contracts or programmable money. It is the revolutionary feature in cryptocurrencies and predicts a bright future of digital currencies. By making use of Proof-of-Stake, your wallet/computer stakes the coins possessed by you. For instance, if network has around 1,000 coins and you are staking 100 coins, then you will have 10 percent of coins that are being staked. That means, you will get 10% mining rewards from the Ethereum network. Instead of solving cryptographic problems to get coins, you stake the coins in this method. However, make sure that you verify or confirm the correct transactions. In case, you confirm the wrong one or try to forge a transaction or transactions, then you will surely lose your staked coins in the network. The best part of Proof of Stake mining is it doesnt make use of energy. In this mining method, you lock your coins that makes it secure and you also get to know who get the rewards. There is no need to spend money on electricity or hardware. In order to get mining rewards, all you need to do is own coins before. Basica Continue reading >>

Ethereum Mining Profitability Calculator

Ethereum Mining Profitability Calculator

This calculator is designed to help you see how profitable Ethereum mining can be for you. Input your information, such as hashing power/hash rate and any pool fees you may have. If you're using your own mining rig, input your hardware costs, power usage and power price, in kw per hour (you can find this on your electricity bill, or search online for state averages if you're unsure). Then hit calculate. The estimated result is based on the current ETH to USD price, as well as the mining difficulty. There are results for daily, weekly, monthly and yearly profits, as well as how much time, in days, it will take to break even on either your contract price or the cost of your rig. Continue reading >>

Is It Worth It To Start Mining Ethereum? [december 2017]

Is It Worth It To Start Mining Ethereum? [december 2017]

Its been a while since we updated this series this past summer , but our answer for the Is it worth it? question has remained mostly the same. Ethereum saw increasing difficulty throughout the fall and little increase in price, which made mining steadily less and less attractive. But recently, Ethereum has boomed to be priced at around $700-$800, which has led to a resurgence in mining interest. So whats the latest answer to this constantly-repeated question in the mining community? Ethereum is becoming even more profitable now after its first huge jump in price over the summer, which has meant even more to become suddenly interested. Especially since Ethereum is currently one of the most profitable coins to mine, its worth considering how the landscape has changed lately. We recommended for two months straight over the summer that people that want to minimize the risks involved with investing in the cryptocurrency space should consider getting into Ethereum mining, but that it might be a bit late in the game to set up a rig considering the many unknowns in the industry. Those that got in early and have remained steadfast in keeping their rigs online since then have made really decent gains, especially if they had many rigs or GPUs to maximize their profits. So back to the question: Is it worth it to start mining? If youre just now hearing about Ethereum and interested in maybe jumping on board, that can be a hard question, and it depends on a lot of different factors. Do you appreciate this guide? Tips welcome! Ethereum:0x51984c8b295e6ee46d0d0fba0fd5548cff632327 Bitcoin:17nveRFLh833mnFjkyk9zaw9oYFudV8UKF Ethereum difficulty update for December 2017 Difficulty moved up steadily throughout the summer (all the way up to 3,000T in mid-October, at which point mining Ethere Continue reading >>

Ethereum Mining Profitability

Ethereum Mining Profitability

So right now (well one week ago when I originally wrote this) I can buy a 2 year 100 MH/s (mega-hashes per second) Ethereum mining contract from Genesis the cloud mining company for $2800 [1]. According to various profitability calculators that would currently yield around 1.5 ETH per month [2] which is 36 ETH over 2 years. However if today I took that $2800 I could only buy 7.8 ETH at $360. First gut check... if it is so profitable why isn't everyone doing this? Second gut check... if it is so profitable why doesn't Genesis just use the mining hardware themselves and make a fortune? If you're an optimist you might say "well, maybe people just don't know, just like they don't know what crazy returns ETH is giving on the USD market". Or they could say "maybe Genesis doesn't want to gamble that ETH will stay high - this way if ETH goes back to $2 they will still have made a bundle selling hardware?" The reality is that the devil is in the details. Take a look at this chart: [3] That tells you the ratio of hashes per block of ETH mined. Note how since Jan 1st 2017 to now it has gone up from about 80 TH to almost 800 TH (terra hashes). So the amount of ETH per MH/s your contract gets you has gone down by 10x in that regard. I've seen some data that say difficulty is currently increasing around 2.2% per day [6] so at the end of a 30-day period your yield per day is down to around 50% of what it was before and your total for the month is about 60% of what it would be if yield stayed constant. Another way to look at the increasing difficulty is that you could say, well it just means it takes 10x longer to compute the hashes compare to 6 months ago but you still get ETH at the end, it just burns a bit more electricity getting there (well 10x is quite a bit more...) Remember al Continue reading >>

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable and Worth it in 2017? As the price of Ethereum hovers around $300, you may be wondering to yourself whether or not its worthwhile to begin mining. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. There are three important factors to consider when figuring out if Ethereum mining will be profitable for you: Putting it simply, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network, this difficulty increases. The Ethereum mining difficulty had been steadily increasing since July but recently dropped from a high of ~3,000T to ~1,500T. This dip was caused by the Byzantine fork but isnt as advantageous as it seems. Even though the difficulty decreased, the block reward also decreased from 5 ETH to 3 ETH effectively canceling out any benefit from the difficulty change. You can view the past and current difficulty on the Ethereum network at CoinWarz . The hash rate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. New miners are constantly entering the market with better and faster hash rates. Theres more to buying a miner than just picking the one with the highest hash rate, though. Miners with a high hash rate usually come with a high price tag. On top of that, they also typically use more electricity as they operate which could further drive your c Continue reading >>

More in ethereum