Post
Topic
Board Mining (Altcoins)
Re: Ethereum mining still profitable?
by
klondike_bar
on 13/05/2016, 15:23:29 UTC
Hashrate is taking a HUGE jump today  Shocked Its reporting 2900 mh so a maybe a new farm went online or upgrades completed on a old one.

I have my hardware paid for now and ive been slowly ordering some parts to build a new budget rig, just mobo, cables and stuff I have extra cpu's and psu's.  But im starting to reconsider if I should really jump in with some new gpus the way difficulty is going.  In a month there might be very very little profit if this trend continues, say in a month we hit 4'000 gh then the profit will be slim and from there how much further will the hash get pushed.

The difficulty is rising too fast, in a few months, only the new efficient GPU will make profit, but not necessary ROI.

I think its because X11 ASICs are finally beginning to deploy, and the massive difficulty jump there is pushing all the GPU miners onto ethereum