Perhaps you are aiming for the huge rewards that ETH miners received last week when transaction costs became extremely expensive. However ETH2.0 will soon apply POS right this year, I am afraid that you will not be able to mine Ethereum through POW anymore. With that money, you can consider buying ETH & staking in large pools for a profit.
You can check here https://etherscan.io/
At the moment: DIFFICULTY 4,805.04 TH || HASH RATE 384,437.60 GH/s
Average block time = DIFFICULTY : HASH RATE = 12.5 s
Your hash rate = 720 MH/s
So you can get 720 MH/s : 384,437.60 GH/s = 0.000187%
Average block reward = 5 ETH = $9,000 (1ETH ~ $1,800)
You can get 0.000187% from 9000 USD = $0.017 per 12.5 s = $116.3 per day
Price for Innosilicon A10 Pro = $4,388.00.
If you don't pay your electricity bill, you will recover capital after: 38 days
A great trading plan, hope I don't go wrong somewhere.
You can check here https://etherscan.io/Thank you very much.Ethereum Mining has a very nice detailed discussion.I think he can understand everything from here.This comment is perfect for this topic.Here is a nice way to talk about etherium mining.
At the moment: DIFFICULTY 4,805.04 TH || HASH RATE 384,437.60 GH/s
Average block time = DIFFICULTY : HASH RATE = 12.5 s
Your hash rate = 720 MH/s
So you can get 720 MH/s : 384,437.60 GH/s = 0.000187%
Average block reward = 5 ETH = $9,000 (1ETH ~ $1,800)
You can get 0.000187% from 9000 USD = $0.017 per 12.5 s = $116.3 per day
Price for Innosilicon A10 Pro = $4,388.00.
If you don't pay your electricity bill, you will recover capital after: 38 days
A great trading plan, hope I don't go wrong somewhere.
Thank you very much.Ethereum Mining has a very nice detailed discussion.I think he can understand everything from here.This comment is perfect for this topic.Here is a nice way to talk about etherium mining.Actually, what we calculate is for reference only, there are some problems that will directly impact the profitability of the mining process:
You can check here https://etherscan.io/
At the moment: DIFFICULTY 4,805.04 TH || HASH RATE 384,437.60 GH/s
Average block time = DIFFICULTY : HASH RATE = 12.5 s
Your hash rate = 720 MH/s
So you can get 720 MH/s : 384,437.60 GH/s = 0.000187%
Average block reward = 5 ETH = $9,000 (1ETH ~ $1,800)
You can get 0.000187% from 9000 USD = $0.017 per 12.5 s = $116.3 per day
Price for Innosilicon A10 Pro = $4,388.00.
If you don't pay your electricity bill, you will recover capital after: 38 days
A great trading plan, hope I don't go wrong somewhere.
Is mining right now still working and also profitable? We know that the fee for mining is very high especially related to the electricity costs This always becomes the big matter of mining. However if mining ETH can happen and the costs are loser, why not? This may be suited for you and promising the results.This is a good stage to mine because transaction fees on the Ethereum network are at a very high level, you can check it here: https://etherscan.io/gastracker, regular gas fees above 50 gwei, even reach 1000 gwei. Whereas just 2 years ago we only had to pay 5 gwei per transaction.
Thank you so much for giving me an important post about mining. Hopefully he will be completely clear about mining if he can read your post nicely. Manik has made a really awesome post about relationships. I hope that if anyone has difficulty in understanding, you will definitely understand your post after reading about mining.
This is a good stage to mine because transaction fees on the Ethereum network are at a very high level, you can check it here: https://etherscan.io/gastracker, regular gas fees above 50 gwei, even reach 1000 gwei. Whereas just 2 years ago we only had to pay 5 gwei per transaction.+1
Even old mining systems can still be profitable.
The energy issue: you will be more profitable using clean & cheap energy sources such as wind & solar.
Perhaps you are aiming for the huge rewards that ETH miners received last week when transaction costs became extremely expensive. However ETH2.0 will soon apply POS right this year, I am afraid that you will not be able to mine Ethereum through POW anymore. With that money, you can consider buying ETH & staking in large pools for a profit.