Re: Ethereum mining still profitable?

I wouldn't build any new rigs just ethereum mining.

Existing rigs repurposed would be fine (Hi Phil).

If you're building a rig for something else (like I did this past week) running it as an ethereum miner for a while to defray PART of the cost is a usefull thought.

The way the price keeps drifting down and the diff keeps climbing makes achieving ROI on a new-built rig look pretty iffy at this point.

i've built a rig anyway, and i'm in profit, i don't care much about roi, gpu can be sold straight away at any time with a return up to 100% easily on ebay

so it's all profit from the beginning, also i'm not plannign to sell anymore the other part of the rig, a rig is always usefu, thel altcoin scene will always be profitable no matter what everyone think

in those tiem where the profit is low, you can invest in green energy like solar panel and have your 10 hours free mining per day

I will do the same. I think the concept of the ROI is just for the ASIC. We can find use for GPU any time.

The ASIC will be useless after a few months, as it will not be profitable. The GPU can be sold to gamers.

That is the reason I mine altcoins. I can mine when it is profitable. I can sell GPU when it is not profitable.

GPU mining was not profitable, even last 8 months back. Hope new coin will be available soon to mine with gpu

That is right. 8 months ago, the GPU mining is not profitable if your electricity is over $0.2/kWh.

Since the diff for BTC mining (ASIC) has gone so high (I've sold all my ASIC miners),Altcoin mining has become alot more attractive,so I'm back lookin for the next GPU coin to mine...again Grin

I was an avid GPU miner back in 2011-2013,since BTC went ASIC & I had 5 GPU's I wanted to keep makin money on em,did good till about late 2014 when altcoins went down to nothing Sad

Got one low end PC for all my wallets,looked last week through em,got about 45 wallets. Now to sync em & see if I got any coins in em Cheesy