Technology content trusted in North America and globally since 1999
8,255 Reviews & Articles | 62,638 News Posts

Anyone buying hardware to mine Ethereum is going to lose

By: Anthony Garreffa | Editorials in Video Cards | Posted: Jul 8, 2017 6:35 pm

The Ride Is Nearly Over


Revenue is dropping in massive chunks every few days, so while you would've been making a steady amount of money a few weeks ago, that has dropped significantly.




A single graphics card like the Radeon RX 580 or GTX 1070 was making you over $5 per day nearly a month ago, that amount has nearly halved. If you had purchased six new RX 580s for let's say $350 a month ago, you could've been making somewhere in the vicinity of $900 over the month, with the cards paying for themselves in just over two months.



Not bad, right?! You can see why people wanted to jump right into the deep end with Ethereum mining, with some people spending thousands of dollars, while others spent hundreds of thousands of dollars. There are serious cryptocurrency mines in Russia and China with millions of dollars of investment, churning out more than you could ever wish for at home.


The DAG continues to expand with Ethereum mining, and with the drive towards the sky in difficulty, the revenue per day continues to drop. Even for my mining operation here with 60 graphics cards spread across 15 systems, I've seen a 30% drop in the last couple of weeks, but it has nearly halved in the last month. Boo.

    PRICING: You can find the product discussed for sale below. The prices listed are valid at the time of writing, but can change at any time. Click the link below to see real-time pricing for the best deal:


    United States: Find other tech and computer products like this over at Amazon`s website.

    United Kingdom: Find other tech and computer products like this over at Amazon UK`s website.

    Canada: Find other tech and computer products like this over at Amazon Canada`s website.

    We at TweakTown openly invite the companies who provide us with review samples / who are mentioned or discussed to express their opinion of our content. If any company representative wishes to respond, we will publish the response here.

Related Tags

Got an opinion on this content? Post a comment below!