“ethereum mining not profitable”

“ethereum mining not profitable”

Here are some results of mining hashrate per 1 Sapphire Nitro+ RX 470 4gb OC GPU (modded, overclocked) , note that i did not spent more then 2-3 minutes with each miner, so there may be better hashrate results.
The Titan Xp can be overclocked to 42 MH/s, but it will consume 300 W when pushed that hard. It achieves an excellent hash rate without too much expenditure of power. Meanwhile, its top-end AMD rival, the RX Vega 64, achieves a very similar performance for about half the price.
Using CoinWarz’s mining profitability calculator, we can plug in a growing block difficulty see that the profit per day goes from $18.24 to $1.60 in just one year. The calculator uses the following inputs: hash rate (MH/s), power (Watts), power cost ($/kWh), difficulty, block reward, pool fees, ETH/BTC value, BTC/USD value, and hardware costs. For our predictive profit function, we plugged a point into the calculator once every month and assumed a linear fit in between each point.
2x AMD APU AM1 Athlon 5350 2x Corsair CX500 2x Asus AM1AM-BR Am1 MOBO 2x 2gb DDR3 1333mhz Kingston 2x 320gb SATA2 Western Digital 4x R7 370 4gb Powercolor 2x Riser Case made of pasteboard, for the mobo and the disk.
You will now be prompted to create your access key aka “Key pair”. To use a virtual machine we first need an access key (keep it private!). Amazon AWS access keys consist of a public key and a private key.
Again, if your power is free (yay solar power!) and you have the money for hardware, or someone gives you hardware, and you have a room for a noisy mining rig (or rigs) then go for it. But if not, and you really believe in ETH you could just take all that money, plus $100 per month and buy ETH today.
Whichever card you decide on, be prepared to spend a lot of shopping time at the various retailers and resellers. Only then can you hope to find that coin at a “fair” price. Mining has really inflated GPU prices across the board, which is a good indicator that GPU mining is still profitable—if you play your cards right.
Steven is a managing editor at Coin Central and a blockchain investor. He’s also the co-founder of Coin Clear, a mobile app that automatically turns your daily spending habits into cryptocurrency investments.
Gamers and computer enthusiasts upgrade their systems more than just about anyone. Motherboards, CPUs, and graphics cards sitting around after an upgrade are the perfect starting points for a hobbyist mining machine. You’ve already paid for these components and extracted value out of them. What’s more, you know their history and how well they’ve been cared for, which isn’t necessarily the case when buying discount used parts on eBay. With sufficient leftovers, you should be able to cobble together a competent mining machine, even if it’s not terribly impressive.
Now we are offering free space to host a server you buy. We can provide free power, internet and cooling. It’s 2 x more powerful than the Large GPU instance on AWS, and since AWS is $2.60 per hour you will recoup your investment in just 22 days… and own a physical miner! We ask for a % of the Ether you successfully mine. If you are interested: Signup on Remoteminer
It depends on the difficulty level. I’m not sure where Ethereum is right now, but a megahash rate of around 25 is what most people were getting with IIRC an RX 470 and they were profitably mining a few months ago. A hash rate of 11 MH/s isn’t amazing, but it’s almost half of an RX 470 (which sells for a ridiculous amount of money). You won’t make any money unless Ethereum goes up in value vs your power costs. But using a build like this helps you keep the power cost and build costs lower than had you decided to get a 470 or 480.
All went well and timely. The first payment actually took only 24 hours while I was prepared for a longer period being it the first. The only critic is on the chart displaying your earning. It is not up to date and there is no really way to understand how much you are earning daily and the amount of the payment you will receive
As we go into the beginning of January 2018, Ethereum’s difficulty is at lower-than-average levels considering trend we saw coming out of the summer, passing 3000T. And even with the current 1800T, we’re still at more than triple the 500T we saw at the beginning of June. That also compares to an average of around 350T for the month of May. Prices were also much lower then, however.
I just invested small amount because I’m new in this business this is a try once I see the average profit per day I will do recalculations and see how much I can add to get a better profit because at the moment I don’t have an idea in term of daily profit average as I started yesterday to receive my first pro-rata profit for two plans.

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