In general, mining Ethereum is still profitable as long as your electricity cost is somewhere around $0.15 and your GPU has a decent hash rate , think GTX 1070 or better. … A GTX 1080 can generate a profit of roughly $1.91 worth of ETH per day, which is starting to get pretty low.
Read moreHow much does an Ethereum mining rig cost?
Profitability of mining With one graphics card, the rig we built costs roughly $1,400 . Tack on five more GPUs, and the price rises to $4,400. If the rig runs at full capacity with all six GPUs, it can earn about 0.348 ETH/month, which, at this week’s peak price, is roughly $1,522.10 May 2021
Read moreHow much does it cost to start crypto mining?
Computer equipment: The most cost-prohibitive aspect of Bitcoin mining involves the hardware. You’ll need a powerful computer that uses an enormous amount of electricity in order to successfully mine Bitcoin. It’s not uncommon for the hardware costs to run around $10,000 or more .
Read moreIs mining Ethereum free?
Free Ethereum miners will only pay fewer profits to their users , so you can’t earn enough. If you wants to earn more, you should consider purchasing more hash power.
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