philipma1957: I know it isn't much profit but my 8 RX580 rig is doing the following:
256mh/s @ 1050w
.1333c electrical costs
If you enter these values into whattomine.com you will see that today the daily profit is only 10cents but that is because Eth is doing terrible right now. I have seen this number range from $0.10 to $2.60 daily profit with this rig all depending on where Eth is at. I know some would say why go through all of the hassle just to make $30 a month at best, but I don't see what the big deal is. Lets say Eth goes up to $300 prior to 2020 it would definitely be profitable for this rig to mine even at .1333c electrical costs.
I never experienced 2017,2018 when profit was at its best so maybe I don't know what I am missing out on.
Would like you guys to share your thoughts, I am no guru with this stuff.
Profit is profit yes. But It all comes down to your strategy:
1. Do you mine and hodl and wait for the price to pump to sell?
2. Do you mine and sell and cash out to ROI your hardware?
Fact is, no one knows if BTC will go to 100'000$, which would likely send ETH to the 5000-10000$ range. At 2$ a day, investing what 2000-3000$ in a full rig is just a bad investment decision. You're better of buying the crypto directly at this point lol. There's a ton of coins that yield stake returns of over 2$ a day for that price range.
2017-2018, there's was no ETH ice age. You could make over an ETH a day with like 3 rigs. I had months where Ethermine was showing me a monthly payout of 4 grand with 4-5 rigs. A 6 card rig would literally pay itself off in a month or two.