Quote from: Gayong88 on Today at 11:04:14 AM

Quote from: Miningminds on September 15, 2022, 04:12:53 PM

Today ethw is fully operative to be mined but couldn't find anywhere if it is profitable now or not... where could I check that?

Any help and advice would be appreciated, thanks in advance

ETH mining profitability depends on the mining hardware you choose to use, your energy costs, the prevailing hashrate and market conditions at the time of your investment. To find out whether ETH mining is currently profitable, we just need to plug in some numbers. Your electricity cost will depend on how much money per kW/h you pay for your power. You can enter your energy price into a kWh calculator and it will estimate how many dollars you are paying per kWh.

If we live in a country where electricity costs are cheap, mining cryptocurrencies can be a very promising way of making money. Especially if
we mine BTC or ETH where the price tends to continue to rise, then we can make big profits from mining. The problem is that in my country
the cost of electricity is expensive, and also my problem is the maintenance of mining hardware which costs quite a lot. That's why my intention
to try mining crypto always never materialized, because according to my calculations the possible expenses that I will spend are greater than
the profit I will get. It means mining crypto is not for me, then from that I'd better choose investing in tops coins and holding for the long term.
Which in my opinion is much more profitable than mining crypto.