Re:Ask HN: Why is Bitcoin rising but ethereum remaining stag...
by mizzack on Friday November 03, 2017 @10:49AM
(#15619577)
Still plenty profitable to mine if you already have a rig. A 6 card RX470/480 setup will gross about $9/day.
Re:Ask HN: Why is Bitcoin rising but ethereum remaining stag...
by Lon7 on Friday November 03, 2017 @11:10AM
(#15619734)
Even with a rig like that it will take around 10 months to break even. Ethereum will be moving to proof of stake in the future. There is no set date but it could be in approximately 1 year. At that point all these gpu rigs will need to switch to other less profitable cryptocurrencies.
We're reaching the point where it may not be possible to break even before Ethereum switches to proof of stake. Consequently, it's recently become easier and cheaper to buy gpus suited to mining.
Re:Ask HN: Why is Bitcoin rising but ethereum remaining stag...
by mizzack on Friday November 03, 2017 @03:41PM
(#15621738)
I did say "if you already have a rig". For the time being, it still makes more sense to mine than liquidate cards.
The market is all over the place right now for mining altcoins. NiceHash-Cryptonight (pays out in BTC) will currently gross ~$18-20 a day with the same mentioned setup.
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Re:Ask HN: Why is Bitcoin rising but ethereum remaining stag...
by sctb on Friday November 03, 2017 @12:30PM
(#15620390)
Please just post the meaningful comment instead of unsubstantive flamebait to begin with. You've been posting a lot of that and we need it to improve.
Re:Ask HN: Why is Bitcoin rising but ethereum remaining stag...
by jacobush on Friday November 03, 2017 @02:02PM
(#15621074)
OK
Re:Ask HN: Why is Bitcoin rising but ethereum remaining stag...
by vita17 on Sunday November 05, 2017 @02:26AM
(#15628525)
I've stopped mining. It's still a little profitable on paper (~$1/card/day after subtracting electricity cost) but only because you can't measure what impact mining has on the life of your hardware.
Bitcoin is rising because it's about to fork.