Is mining ETH profitable? Cost of kWh is 11 cents where I plan to mine. Capital investment of 250k plus. What are the pitfalls?
>>2243120
At $0.11/kWh it'll be incredibly profitable with some mining rigs. https://whattomine.com/coins
>>2243120
Good luck finding a GPU to mine with. The most efficient ones are all sold out lel
Ethereum just got hacked, there is an exploit where you can drain random private keys.
>>2243978
Stfu, retard. Stop spreading that nonsense.
>>2244152
You are the guy that said there was nothing wrong with the DAO!!!
Ethereum got hacked and it is confirmed by multiple devs in the space including ETH developers
>>2243120
pitfalls:
>you have 250k but ask 4chan if your investment would be profitable
>you want to buy 250k of cards that don't exist
god speed OP
>He doesn't know about the ETH POS coming soon.
>>2243120
I mine Ethereum using the cloud mining company Genesis Mining.
I would not use $250k as you have no idea what the difficulty of Ethereum will be in a few months.
>>2244339
'soon'
>>2244384
HAHAHHAHAHA GENESIS MINING. WHAT A FUCKING SCAM DONT LISTEN TO THIS GUY OP
>>2245532
Wrong.. It's been running for 3 years+ and I have been paid for the past year, every.single.day
gfto noob