Broken farm: the profitability of mining Ethereum has fallen to almost zero
Source:
Mining cryptocurrency is not what it was before. According to CNBC, the profitability of mining coins with GPU mining has dropped to almost zero. As an example, journalists lead the Ethereum, saying that to get the second capitalization of the bitcoin is now pointless. This is in particular the case for most altcoins.
theis it Worth it to sell graphics cards?
The study by CNBC, all backed up by statistics. For rascheta average profitability experts took figures of five GPU — 570 RX, RX 580, GTX 1060 GTX GTX 1070 and 1080. On the basis of these figures it was calculated the average value of profitability, which is shown in the chart below.
image Source — CNBC
The Picture looks very sad, especially compared to last summer. Then monthly income with one graphics card increased to its maximum value, after deduction of the cost of electricity miners received about $ 150 with only one GPU.
Today the situation is the opposite — paying for electricity, the miner remains with almost nothing. Of course, the calculation of such indicators should take into account the cost of this electricity, because it can vary significantly in different regions of the world.
According to Susquehanna analyst Christopher Rolland, losses are also suffering a major graphics card manufacturer Nvidia. Compared to the previous quarter, the company's revenues from the sale of cryptocurrency related products fell by $ 100 million.
Recall that last year Nvidia received quite a lot of money due to the boom of mining. The growth of Bitcoin is well reflected in the figures in the financial statement of the manufacturer, and they have had a positive impact on the company's shares. It seems that now she will have to rely on easy money from the crypt.
How to choose the right hardware for mining? Will tell you in our . Also don't forget to visit the pool .
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