Is ethereum mining profitable 2019

Mining profitability is entirely dependent on electricity costs. The top of the line GPUs earn less than $ cents a day, most run at a loss and. Due to the fact that Ethereum is one of the most profitable cryptocurrencies, mining this coin has become increasingly popular. However, now it.

Are we going to see an exodus of miners away from the number three ranked cryptocurrency? Not exactly. Ethereum miners are still running strong.

When it comes to Ethereum mining, the most important factor in deciding where to do it is the price of electricity. This is why mining farms tend to be concentrated in more info ethereum mining profitable 2019 where power is cheap, or temperatures stay close to zero--the is ethereum mining profitable 2019 weather means machines can be kept cool without air conditioning--or both.

So, anybody who has prices lower than this is still mining at is ethereum mining profitable 2019 profit. However, it may be over for the home miner in the West.

While ina home miner in the Is ethereum mining profitable is ethereum mining profitable 2019. Running the GPUs provides enough heat to keep his house warm, effectively paying for themselves. In short, without finding a low-cost, or even free source of electricity—like this entrepreneuring headmaster —it looks like only industrial miners in the right locations will be able to make ends meet.

Unless you live in a Evangelical Church in Siberia continue reading, of course.

CNBC has a long history of sounding the death knell for crypto. O ye of little faith.

Miners are a hardy bunch.

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