Is Ethereum ETH Mining Still Worth It

Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year. However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact (and more). In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value.​ Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder. Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether (the actual ). Before we dive in, it's important to note that to look at, use, and transact in Ethereum, you need a digital wallet. We recommend because it's free, has a great app, and they give you a.​ Check it out.

Building an Ethereum mining rig hasn’t been worth it for months, and soon they will be completely obsolete.

What Is Ethereum​ Ethereum is basically software that is decentralized and allows ​developers and programmers to run the code of any application. I thought Ethereum was money. Well it has a monetary aspect.

You see, uses a technology called blockchain specifically for conducting monetary transaction - it's a straight currency. Ethereum uses blockchain technology to allow the creation of applications that can be executed in the cloud, can be protected from manipulation, and much more (some stuff getting too technical for me here). However, a bi-product ​of this is that Ethereum uses a token called Ether, which is like Bitcoin, to transact. This is the monetary value portion of Ethereum. Because of it's unique abilities, Ethereum has attracted all types of attention - from finance, to real estate, to investors, software developers, hardware manufacturers, and more.​. How Ethereum Is Different From Bitcoin​ As we mentioned above, Bitcoin was designed to be a currency. It uses the same underlying technology principles, but uses them to facilitate monetary transactions.​ Ethereum, on the other hand, was designed to facilitate software​ processing using a token system called Ether.

That Ether has become more valuable as a result of people becoming interested in the technology. That Ether is what people want to invest in. However, there are a lot of apps being developed on Ethereum, and even some major financial companies are getting involved in the space.

It could be interesting to see what develops from this over the next few years.​ Finally, Ethereum is much cheaper than Bitcoin. Bitcoin currently trades for over $2,600 per unit, while Ether trades at just $318.​. How To Invest In Ethereum​ (Ether) If you're interested in investing in Ethereum, and specifically Ether, you need a digital wallet.

Ethereum doesn't trade on any major stock platform. You can't go to your and buy Ethereum. You have to convert it into your wallet. We recommend using Coinbase as a digital wallet because it's incredibly easy to use, allows you to invest in Bitcoin and as well, and they will give you a bonus for signing up..​ It's important to remember that Ether (ETH) is a currency, and should be treated as such by investors.

You don't buy shares of Ether like you would stocks or ETFs. Instead, you are exchanging your dollars for Ether tokens. There are no dividends, no payouts.

Your only hope is that in the future, other people on the Internet will pay you more for your tokens than you bought them for.​. Final Thoughts Investing in Ethereum is risky, but it could potentially be lucrative.

Unlike Bitcoin or Litecoin, companies are really using Ethereum as a building block - something more akin to diamonds than gold. As an investor, this is a potential win. Furthermore, there can be splits (i.e.

Hard forks) on Ethereum like we recently saw with Bitcoin and Bitcoin Cash. This can be a good thing or bad thing. People who've are happy about the split because they made great money for no effort. However, Ether is still an Internet currency, so you should always proceed with caution.​. Shares 1.3K Filed Under: Tagged With:,, Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities. Comment Policy: We invite readers to respond with questions or comments. Easiest Electroneum ETN Miner more.

Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors'. The responses in the comments below are not provided or commissioned by any advertiser.

Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone's responsibility to ensure all posts and/or questions are answered. About Robert Farrington. I loved this post I just recently bought ETH for around 800.00USd I remembered following bitcoin when it was first was being developed and on the market.

I tried for months to purchase a single a bit coin when it was around 800/900USD no such luck, even tried mining, gave up, once the price hit 1,200USD it was beyond my funding and I have been kicking myself ever since. I found Ethereum at relatively the same price with a larger potential and did not give up until I was able to purchased some through coinbase and it seems to be following the same trend as bit coin:) Do not give up on the potential for information and the freedom of the internet!

My English knowledge is average so please sorry for grammatical mistakes. Thank you Proof that if you buy RIG just to mine ETH is not a good idea: Hello, There are a lot of threads where people are saying that the moment to start mining is lost.But people are still begin mining!

First of all you do not understand what means difficulty and what means return of investment. I begin mining one year ago. And it was already to late for me to get in. Because the amount of Ether produced in all this time by me is lower, than if with the same amount of money I invested in production, I would buy directly Ether's! And I started 1 year ago. Difficulty grew up very fast and amount produced every day become lower and lower! I don't tell you problems with heat in the summer and freezing Rig's.

So if I would buy Ethers at 10$ (at this price I can buy exactly amount of Ether I produced in one Year) one year ago I would sell now at 4 times profit! But there was moments when Ether fall down to 6-7$ (At this price I would buy much more Ethers than I produced in 1 year) which I would sell at 7-8 times profit! Or I would sell now just an amount to recover investment and wait for Ether to go to the moon! Big Idea is that now is the same.

Just make a calculation. With a computer with 5 rx480's you will produce about 0.27 per day, that's 8 Ether's/month (if your computer will work 100% of time). But this you will produce in first month, in next months amount will be lower and lower! In just couple of months amount of Ether produced can be 4 Ether's/month.

For Example as evidence of that in November-December 2016 you would produce 150-200% more than know. You can check the difficulty graph for evidence. Also there is POS coming.which can happen this year!

So you will never return your investment and will end up with less ether than you thought you will have. If your investment is 1500$, for 1 Rig, you can produce approximately 35-36 Ether's in next 6 months and less than that in next 6 months ( if POS will not come ). Lets say 60-65 for first year (PLEASE NOTE THAT YOU WILL MAKE THIS IF YOUR COMPUTER WILL NEVER SHUTDOWN). You will pay electricity about 80-110 $/month depend of the prices. Which is about 1000$ per Year. So your investment is 2500$ for POSSIBLY 60-65 Ether's! And don't dream that something will happen and you will have more That's the maximum, you could end up with less than that.

If you divide 2500$ to 60 ETH = 41$/ETH. So at the today prices you can buy directly the same amount of Ether and wait 1 Year for the price to go up! Or you can wait for the price to go down to 20-30$ and buy more Ether's and when the price is high enough for you to sell. And if you think you can sell the Rig after a year, maximum you will get for you Rig is 50% of 1500$ and it will take time to sell. Other problems are that if you have working Rig at home that means a lot of heat in the summer, noise and safety problem ( when you go in a vacation or somewhere for the weekend you need to ask somebody to be close to your house, in the event your Rig Freeze and you don't know if there is a fire or what is the problem.) Conclusion make for yourself, i just posted something which is real world calculations. Happy Ether's!

My experience: Bought 2 Sapphire RX470 4gb reference (eth price was 8$). Started mining January 4th (55$ per month). Still mining with higher difficulty but my mini-rig is giving now 120$ per month (In my country I pay LEGALLY like 3$ each month). I borrowed some usd from friends to buy a Nitro Rx480 4gb (like new) in 145$ and one MSI Armor 470 4gb in 155$. If BTC goes to H*ll because of the hard-fork I'm sure ETH will rise even higher than last week (you'll make money even with the rising difficulty). What I said is that if you buy and sell later you will make at least the same amount of money in 1 Year or even more, than if you start mining! All other coins are profitable now because prices rise!

But few months ago revenue was like 5$/RIG x RX480/Day minus Electrity for the best coin! So are you ready to keep your RIG working for 150$ a month???

Do what you think is correct for you, I just showed you that buying is simple, fast and will give you bigger revenue in 1 Year for Ether, than mining. No matter what you mine, at the time your invest is back in 6 month around, and i am on 0.135 kw/h cost. Pos will not come before 1 year minimum and has say some other there is other crypto. And if you keep all Eth you get, you probably get more profit later or could stack with them with PoS i just see again frustration (to see more miner and more miner) from you and all person have those words, if we had dedicated asic for ethreum it could be legit to read your words, but not with computer parts. There was a long topic here with the same content almost one year ago. I started then, and made ROI, have a big stack of ether and many euros from selling. Here's the topic: hehe You can't predict the future, the difficulty is rising yes, but nowadays it's more profitable than 2 months ago with half of this difficulty.

And there are and will be many other pow coins, where you could later use your hashpower. Another use case will be the Golem network, and you can also crack passwords with the equipment. I did not say you will not ROI, I said there is a big probability, but I said that with the same money you invested in your RIG's, you can buy the same amount of Ether that you will produce in 1 year. Rmh, make your own calculations, if you would buy Ether at 6$, how much would you have now! And how much you produced??? I am saying that to buy now is much better option, than start mining.Mining will end soon, so I don't care at this moment about difficulty.

Difficulty already is high.So it's your choice. A mining computer isn't supposed to freeze, or shutdown. I just rdp into my miner to fix any problems and have automatic startup scripts in case of power outage. And I started mining 3 months ago and I've already covered the cost of my mining rig. Plus I have the mining rig itself to resell when I'm done with it! I feel way better mining the ETH instead of buying ETH directly, since my investment went towards my actual mining hardware, not into ETH which has the ability to crash at any time, my mining rig on the other hand can be resold (granted for a lot less than what I bought it) and also used to mine other cryptocurrencies.

How much Ethers you could buy 3 months ago with the money you invested in your RIG + Electricity? Make your calculations and tell me how much money you would have now! And this is random fact not risky for sure, but random instead of rig, get computer part is a choice of investissement and it s interesting to get up, for myself i sold a part of my eth only when it was high. If intel, jpmorgan and microsoft. Didn't take interest of ethereum recently, Eth won't be so high at the time. I understand what you mean with your topic, and you are not wrong but not right to, but it s your thought, don't try to tell other what they have to think, if i give some other clue, it s because when you (other) are thinking about it, you need all elements to choose what to do, cause long long time then, MY think, will be more interesting to have mining capacity. How much Ethers you could buy 3 months ago with the money you invested in your RIG + Electricity?

Make your calculations and tell me how much money you would have now! When it comes to investing the rear view mirror is always clearer than the front. It is easy to state now that buying ETH 3 months ago would have been the better option but 3 months ago nobody (aside from the time travelers) knew that ETH would cross $40.

Mining is a different business from speculating. ETH could easily fall to $1 in the next 6 months and someone who owns a a miner can just easily switch to a new coin with better prospects. You on the other hand who owns ETH will be stuck with your loss. Nice community we have here, new people come and we tell them to F*ck off because our ROI might go down.

It isnt like that but it is LOL. But seriously, this member comes on and tells people it isn't worth it to mine. Like who is he to make statments like this when eth AND diff is at an all time high?!?!

It's very profitable really anyway you slice it ( unless your electricity is stupid high ) get lost and leave people make up their own minds! If you don't think people should then sell your gear and get out of the game or just call a spade a spade and say the diff is too high and you want more money for yourself but you cant get ROI. So, you did not read what I said! If 1 year ago I would buy Ethers with money I invested in equipment and electricity, now I would have more Ethers than I mined! This is what I am saying!

You do your own calculations! Point is that I was the same as you. I was a beginner and did not know how it works.

That's why I invested in Equipment. I did not know where the price will be. But Ether at this moment proofed that it is a big Crypto and very popular. So the price will go high. I don't care what you will do.

The difficulty is high already, So if there will come 1000's of new computers, it will not make big difference in income. But for you guys it will make difference, you can make big money easy and fast ( couple of years or months, depends of ETH price ), or you can make some money in very long term. I did not came and say only DON'T MINE. I came with real example (my example) and calculations. If you don't want to accept it, no problem. Everyone knows this, you only have to look at the history of the price of any coin and do the maths of how much more richer or poorer you would be if you invested in coins. The thing is though you came to this part of the forum 'The mining forum', and made a post titled 'stop building new rigs, ect ect', so tell me this, what's the point of it all?

Why would you come to the mining forum and tell potential miners to not build rigs? It's no loss to you if more people start mining, and it's no loss to you if they stop mining.

Now I'm laughing on you guys Emercoin EMC Mining Desktop Pc. !!! When I posted this thread with stop building Rigs, price of ETH was 40 Euro!!! If you would invest in buy ETH, now you would have a ROI of 900%%%%. Please tell me how much eth you have now??? Even if you did not sell any ETH and paid electricity from you pocket, you still don't have the same amount of ETH as if you would bought!!!! And let's not count heating and technical problem which someone of you had I'm sorry that you made the wrong decision.

I tried to advice you from my mistake, but people usually learn only from their mistakes. Now I'm laughing on you guys!!! When I posted this thread with stop building Rigs, price of ETH was 40 Euro!!!

If you would invest in buy ETH, now you would have a ROI of 900%%%%. Please tell me how much eth you have now??? Even if you did not sell any ETH and paid electricity from you pocket, you still don't have the same amount of ETH as if you would bought!!!! And let's not count heating and technical problem which someone of you had I'm sorry that you made the wrong decision. I tried to advice you from my mistake, but people usually learn only from their mistakes Pardon my language but fuck off man.

You came on here to feed your opinion with no one asking as you started the thread. Trying to have people stop mining so the difficulty wouldn't increase was probably more of your logic for posting in the first place. Go to a speakeasy or somewhere your input is wanted. I'm a Miner and I'll do it till it's done despite your opinion correct or not. YOU CAME TO THE WRONG FORUM TO TELL US TO STOP MINING. I believe in blockchain and it's for better finisncial scenarios worldwide. It is still profitable.

Surely I would of make an extra 10k if I invested with your advice. Some people are wolves and then some are sheep. We are the wolves of this new technology.

We make the decentralized concept work, so don't you bring down something that could be life changing for everyone. Some of us rather make our coin than give someone money in exchange for it.

Go DDoS yourself to infinity and beyond.