Is gpu mining profitable?
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Is gpu mining profitable?
Post by Juraj Vysvader » Sat Nov 11, 2017 5:03 pm
Is gpu mining profitable, or is it more profitable than just a simple investment into the mined coins?
In one year, Bitcoin surged in its market price by +/- 800% and Ethereum by 3000%. It means that if you invested $2K into Ethereum one year ago, then you might own $60K in Ethereum at the moment, on the end of 2017. Ethereum increased its worth 300 times in the last two years and it means you could've $600K if you spent $2K for Ethereum 2 years ago.
Meantime, if you've spent $2K for a mining rig, motherboards, graphic cards and whatsoever at the same time, then you could expect return of your investments after 0.5 - 2 years. It means that 200% return per year is the best what you can get from Ethereum mining rigs, whereas a simple purchase of the cryptocurrency could earn you 3000% of the spent money. Here's mining profitability calculator on NiceHash and Ethereum mining profitability calculator.
Even, there's many people paying $200 for old GPUs from Ebay only because of cryptocurrency mining, whereas some of Intel Xeon CPUs reachable for $10-40 and designed to work 24/7 in servers provide the same earnings. It's not any good idea to mine on I3 - I7 CPUs, or even worse on Pentium and Celeron, however some of Xeons are very efficient.
Why is in the cryptocurrency communities such interest in gpu mining?
In one year, Bitcoin surged in its market price by +/- 800% and Ethereum by 3000%. It means that if you invested $2K into Ethereum one year ago, then you might own $60K in Ethereum at the moment, on the end of 2017. Ethereum increased its worth 300 times in the last two years and it means you could've $600K if you spent $2K for Ethereum 2 years ago.
Meantime, if you've spent $2K for a mining rig, motherboards, graphic cards and whatsoever at the same time, then you could expect return of your investments after 0.5 - 2 years. It means that 200% return per year is the best what you can get from Ethereum mining rigs, whereas a simple purchase of the cryptocurrency could earn you 3000% of the spent money. Here's mining profitability calculator on NiceHash and Ethereum mining profitability calculator.
Even, there's many people paying $200 for old GPUs from Ebay only because of cryptocurrency mining, whereas some of Intel Xeon CPUs reachable for $10-40 and designed to work 24/7 in servers provide the same earnings. It's not any good idea to mine on I3 - I7 CPUs, or even worse on Pentium and Celeron, however some of Xeons are very efficient.
Why is in the cryptocurrency communities such interest in gpu mining?
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