EASIEST Guide to Mining Ethereum (ETH) - Windows. A little about Ethereum mining. ETH mining is ASIC-proof. Wondering if mining is still profitable? Oct 17, 2017 - The ETH rewards for a mined block has been cut from 5 ETH to 3 ETH to combat inflation, but miners are seeing about a 30-40% increase in profit with the. We are still using Claymore's Dual Ethereum AMD+NVIDIA GPU Miner v10.0 (download here) and the Ethermine Ethereum Mining Pool (check it out. Is mining Ether (Ethereum) profitable? Many people struggle when they try to make money through mining using their own computers for this.

Mining Ethereum is new hype! Well, that was true 2 months ago.currently, miners are suffering from low profitability due to a significant price drop. Even after the recent bull run, revenues per MH/s remains 3 times lower than 2 months ago.

After the gold rush on AMD RX 480 cards and others, we can observe now a lot of small miners resell their cards (some also switch to more profitable cryptocurrencies based on GPU mining). So the eternal question that every aspiring miner is asking is: can we estimate future profits, or at least make some scenarios with plausible figures? Some friends and I jumped together into the crypto train with the ambition of developing mining farms in our home country, France. Like everyone, we tried to estimate profitability over the years before investing our savings. Well, that part wasn’t easy at all.

Estimating revenues and profit for mining activities can be very challenging. Some would say: it’s impossible, only the future will tell! Well those guys are right, it’s obviously impossible to predict accurately. If it was, we would all become quickly millionaires.

You can’t predict accurately future earnings, but what you can do is plan plausible scenarios (pessimistic, average and optimistic for instance). So.let’s see how to build smart scenarios!

Using calculators to make scenarios: a bad call Like many miners, I first tried to use calculators to build scenarios. The immediate benefit of calculators is that you don’t need to do any maths, they do it for yourself. Profit is a clever calculation based on several factors like network hashrate, difficulty, block time, and of course ETH price. I mean, at first, you are more than happy not to deal with this complex formula. However, I understood later that it was inevitable to know this formula in order to make appropriate estimates. The first reason is that among these factors, difficulty is the most difficult to grasp: people trying to make future estimates of revenues fall often into the trap of trying to estimate future difficulty.

Consider for instance this. You can be tempted to estimate future difficulty variation, as suggested: Although it sounds right, this is absolutely wrong. Estimating difficulty increase per month (along with price increase per month, in some calculators) makes no sense at all. Difficulty and price are two important factors intimately tied together, and the variation of one impacts directly the other.

For instance, if the ETH price drops significantly, revenues and profitability drop too, so miners are more likely to stop mining ETH (also, ETH would become less attractive for new miners). In this situation, difficulty is very likely to decrease. By the way, that’s right, difficulty can decrease (I discussed with many people who had the impression that difficulty was always increasing). Having in mind the complexity of the relation between difficulty and price, I concluded that calculators just couldn’t give me what I needed. They couldn’t give me plausible scenarios because they were based on pure speculation regarding difficulty and price variation increase. They were just providing random future estimates. Earn Money ZClassic ZCL Mining.

Calculators are great tools to estimate revenues at a given moment.but not over time. I had to find another way to build scenarios. I decided to dive deep into the profit formula, and to build some charts showing past variation of earnings per month per Mh/s over time. Looking at the past to anticipate the future seemed way more reliable than randomly define difficulty or price increase. Building scenarios using your own spreadsheet: a better call 1st step: finding the ETH profit formula Finding the right ETH profit formula on the web was not so easy. During my researches, I found on github the source code of an ETH profit calculator (link ).