ETHEREUM MINING WARNING!! BE CAREFUL

in #ethereum7 years ago

Hello Steem!

As some of you are aware about the shortage of video cards available to purchase, be very careful in buying them at a high price, Ethereum just shot 11% in difficulty last night, when I design my rig 3 weeks ago, I was able to forecast around 5 coins at 220mhs per month, right now due to the difficulty I'm down down to 3.3 ETH per month, most likely it will go down to 2.5 in the next two weeks.

Screen Shot 2017-06-20 at 11.41.35 PM.png

So be careful on spending money on GPU's or premade rigs that are way overprice, no one that has a Rig making 1k or anything that could be profitable long term is selling their equipment, granted the more Hash you have the faster your ROI will be.

Screen Shot 2017-06-20 at 11.42.40 PM.png

Remember the Time Bomb and Ice Age for Ethereum. Screen Shot 2017-06-20 at 11.41.06 PM.png

So guys, be careful on what you spend, ETH mining at the rate that is going will not be profitable for long, unless you have some serious Hashing and can buy the GPU's from Factory. You might be better buying some of the Alt coins that are low in value and hold for long term.

Thank you!

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oh thanks, that was helpful . As i'm not following the ethereum difficulty level right now.

you are welcome cidt

Yes. Same thing is just about to happen with LTC

really?, I have not been following LTC

Yep. It is big news in the LTC community. It is going to get to the point that only big mining pools are going to dominate

oh damn, gotta start mining some UBQ lol

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