very nice opinions, thanks for all.
just to be clear. I bought my cards at 50% off "retail inflated prices". I got most of them at 220 or 250$, so i was not rekt by the hype, and did not buy my cards at any costs. I did manage to buy only at prices i was ready to buy, and not obviously retail prices, that were much higher. In Spain most Sapphire RX 580 nitro+ 8gb were around 459 or 528$ from the biggest retailer here in Spain, called PCCOMPONENTES.
the idea of heating my house is not an option, i mean, i live in Valencia, i see the sea through the window, so i hardly see 0ºC anytime. Last year, with higher prices, i used this system for heating. Nowadays is just not profitable anymore. it doesn't make sense.
What it's very obvious for me, is that no matter if you pay 0,05cnt/kWh or less. You are at a loss right now. You need ASIC + totally free electricity to get green money on your pocket. If that's not the case, you are losing money.
What is obvious for me, and many of you have said it, is that there is ACTUALLY NO FACT, REASON, ARGUMENT, TECHNICAL ANALYSIS OR WHATEVER to see ETH pumping in price. Noone has a clue, but we've had 9 months of a total crash, and the coins are at lows, but noone is buying. bulls are hardly able to hold small values for the coins. There is a huge resistance to pump the coins and i don't think it's reasonable to pump money on mining right now.
It makes no sense.
what ?! even at 7 cents mining eth and xmr is profitable, yeah its not 3x profit like it was last two years its still profit. EU vat really inflates the price of gear so you will have a longer roi but thats just one part of the world
to answer your question, we have to stablish a base line. What's the meaning of PROFIT, for you? is winning 40$ a month what you would call profit???
Because that's the most you will get right now with an E3 paying 7 cents (suppose taxes included).