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RE: GTX 1070 Prices Soar Alongside The 'Ethereum' Cryptocurrency
I think one should really calculate the profitability of mining rig and now just to buy a rig because you are seeing the rise in eth. The difficultu has increased so fast and the gpu has been selling 40 % - 50% more than the usual, the breakeven period could be compariable to some cloudmining site. In this case, would you still invest a mining rig?
No! At current rates, its even difficult to say if cloudmining is profitable for ethereum mining.
But I made some calculations for Bitcoin recently. Check it out if you like: https://steemit.com/bitcoin/@predprey/is-it-too-late-to-mine-bitcoins-now