Ethereum price is staying under $200 and I was wondering if mining is still profitable.
If you make an Ethereum Mining Rig today for $2500 that mines about 0.5 ETH per month, with the actual price you will need about 2 years to repay your investment.
It might take more than 2 years because of the pool fees and other expenses. Ethereum mining should still be profitable for some miners who have a lot of hash rate. The small miners are the ones that will be forced to move out.
and the cost is just the rigs that you have unlike in investment that the cost/money is in the coins and not in your own hand. if you already have a rigs before, of course yes, it is still profitable to mine eth.
You forgot electricity cost adds up too since rates differ from each country.
Mining is not profitable now a days , due to electricity expenses too. if you go to cloud mining also not profitable. its better to invest on exchanges and wait for the next moves
Alternatively you can mine other alts if you have an existing mining rig.