Hi,
I need a new graphics card so figured I might look into Ethereum mining while Im at it. I have a solar PV system so have some excess power during the day. According to this site you can make $1400 a year from a Radeon RX 480. Does that look about right?
The graphics card needs to also be able to run GTA5 at 2560 x 1440.
Thanks!
It's resistant to ASICs, and one of the few still viable for GPUs, I believe
As of this moment it's profitable, assuming a bunch of factors. As time goes on, and more people jump on the bandwagon, you will earn less ETH. You only have something like 8 hours of useable excess solar power. At some point, apparently ETH mining will be supersceded and you can no longer mine it. Look into POW and POS for more info. If the ponzi bubble of cryptocurrencies pop, there goes the 'profit'
You can tackle it as a hobby, ive been testing my 980ti, uses up 100w mining above the 140w idle consumption, in return for something like .01 ETH ($2) a day.
The logistics of making it an investment are… challenging
I ordered a rx460 to play with, had some free credit. Turns out the memory requirements increase over time. Its exceeded 2gb so i cant actually mine ETH on the 2gb card, and will continue to surpass 3gb and 4gb in the near future
tbh when all things considered mining works if the price is stable or goes up. If prices go down, your initial investment into your capital is gone. So tbh would be better just to buy the coins and hold rather than mine.
Don't bother, in the 2nd half of this year the difficulty for mining ETH is going to double. The average block time will become apprx. 1 week. And with POS being implemented soon, mining ETH will be non-existent.
Look again… the return per year is now only $ 496.40 (USD) - that's about 66% less than what it was only a month ago.
Two thing need to stay the same for you to make money:
This is why the profit has dropped so much in such a short time.
And fast forward 3 years ago look what happens, people snapping up 3080s and 3080 ti in droves.
I like this one. The price was $217 on this day.
DisabledUser193539 on 03/06/2017 - 15:59
Don't bother, in the 2nd half of this year the difficulty for mining ETH is going to double. The average block time will become apprx. 1 week. And with POS being implemented soon, mining ETH will be non-existent.
https://www.ozbargain.com.au/comment/4747030/redir
It's close to 5Y and ETH 2.0 is still years away.
Heard that eth pos going this June, gets delayed again?
Isn't Ethereum made to so GPU's are hopeless at mining it?