Post
Topic
Board Altcoin Discussion
Re: Is Ethereum Mining still profitable?
by
sheenshane
on 11/09/2018, 06:33:18 UTC
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.
Ethereum as of now is very low in the market so probably it is not much profitable compared the last year 2017 which mining for Ethereum is profitable since it is quite high value. Speaking of ROI from your investment in buying mining rigs plus other expenses I think 2 years is too short to have your ROI back. Maybe at this year Ethereum is not much profitable but who knows by next year, it will come back just like what happened last year. So mining today is not profitable in short term but in long-term mining probably huge ROI you had.