So if you're looking for a way to pay off some new gaming GPUs, you could technically mine them for a few months to pay them off, but if you're expecting to become an Ether millionaire, and you don't have a massive operation already-it's probably a pipe dream.

Sadly, this is barely enough money to pay for the rig I built for mining! A far cry from the $10,000 I was predicted to make. Using this calculator, with the same hash rate previously stated my return profit drastically changes:Īs you can monthly profits reduce by near 1/3 every month with estimated total profits plateauing at $2750 around 6 months. If we use another service for mining projections such as M圜ryptoBuddy's Ethereum Mining Calculator ( ) We see that this is a more realistic projection of future profit because it accounts for the increase in difficulty. Ethereum's difficulty is exponentially growing and soon (6 months time) many of us are not going to be able to reach the hashrate possible to escape velocity of mining operating costs.įor example, say my mining hash rate is currently 250 MH/s and we use CryptoCompare's Ethereum Mining Profitability Calculator to project my gains:Īwesome! I'm going to be making $900 a month, and better yet I'll be making $10,000+ dollars a year. This is an extremely inaccurate measure of future projected profits.

If you are a newcomer coming in from the waves of people who heard about Ethereum this month and you've been using a basic mining calculator like CryptoCompare's Ethereum Mining Profitability Calculator for your profit projections you're in for a rude awakening.

Ethereum hash calculator