Is ethereum mining worth it 2017

No one knows for sure, but when it comes, it will mean no more GPU mining at all. My mantra is this: It might not ever make you big gains, or you could see huge gains, and wish you just bought into cryptocurrency trading instead. Do you appreciate this guide? How about the reduction of ETH issuance before proof-of-stake, as stated here: Is it worth it to start mining Ethereum?

Is it worth it to start mining Ethereum in June ? About Author How to Mine We teach humans how to mine cryptocurrency. January 11, Crytpo is always a risk It's a shot in the dark. More people mining also increase he supply which hampers price a very little bit. If you enjoy computers and cryptos then who cares if it makes you money. If you got into mining purely for profit then keep your sights in reality. You will not get rich mining, it inherently doesn't allow that.

The more people that mine the less you get and when the price drops you can start earning negative profit. For right now you will be okay either way, but make sure you truly enjoy mining if you really want to get into it. Well I've never mined before so I'm just taking a jump in the deep end and seeing if I can swim. The price will go down as people dump it and then I guess go back up again , who knows. I'm really only looking to double my investment and get into mining so I can catch the next wave: Wow Mattiegk, I'm in the same boat as you.

Pooled resources with mates to get established with mining Eth, and then going after other cryptos. Could really do with breaking even on Eth and then diversify. You should both be alright breaking even. Beyond that there is really no promises. I would focus on getting everything up and running and then after you break even most likely months worry about how you can continue or if you even want to.

If this happens not I will sell my card - probably realizing a loss in value. And that's the whole story. I will do it for fun with possibility to get some return out of it.. Planning to get ETH in a paper or hard wallet for the very long run Got some good deal i think here.. Its not a game u know like World of Warcraft, theres nothing to sit and watch.

And why would u do it if it were to actually cost u money are u mad. And as for the price dropping its like a brides knickers its up and down all day long and it always will be. You just have to keep the damn things in ur wallet until the price goes up,, how old are you all 5?? Ethereum mining is very close to being finished.

The hashrates are dropping in a month and will continue to. Also pos is right around the corner. Don't buy a rig for ether mining to break even, plan on something else. Even if Ethereum dies, which it's not going to, a mining rig will work for the next big thing to mine.

So even if you don't make a profit with Eth, it's not like you have to throw away your rig and you're out all the money. Gord2u There is plenty to watch! I stare at my little window that shows Mining on Powhash scrolling by, over and over I know what the A in the brackets at the end means, that's the shares Just not sure about the R and F Wait, that's not right.. I need more fingers. July edited July It looks like you're new here. If you want to get involved, click one of these buttons!

June in Mining. So I'm brand new to mining. I missed out on bitcoin after I decided against it in , absolutely kicked my self for not jumping on the bang waggon. Decided to take the risk with Ethereum and have purchased the following. I'm setting it all up this weekend if it all arrives in time. I just hope I can make a decent profit on it before the bubble bursts? June edited June I am with you, just started and should have things going this weekend. I believe it will be a bumpy ride with the volatility of the price of Ethereum , but we will see how it play out.

Best of luck to you. Friendly Canuckistan Member Posts: Crytpo is always a risk It's a shot in the dark. More people mining also increase he supply which hampers price a very little bit.

If you enjoy computers and cryptos then who cares if it makes you money. If you got into mining purely for profit then keep your sights in reality. You will not get rich mining, it inherently doesn't allow that.

I'm really only looking to double my investment and get into mining so I can catch the next wave: Wow Mattiegk, I'm in the same boat as you.

A lot of people realize how long it takes to break even and that each month yields less and less and decide to get out. Other people decide to make the investment to stay relevant and keep going. Last set of people do it for fun and don't really care how much they make. You know I think there might be a future increase in ETHs value. If this happens not I will sell my card - probably realizing a loss in value. And that's the whole story. I will do it for fun with possibility to get some return out of it..

Planning to get ETH in a paper or hard wallet for the very long run Got some good deal i think here.. Its not a game u know like World of Warcraft, theres nothing to sit and watch. And why would u do it if it were to actually cost u money are u mad. And as for the price dropping its like a brides knickers its up and down all day long and it always will be.

You just have to keep the damn things in ur wallet until the price goes up,, how old are you all 5??