RX 480/580 Ethereum Mining RIP NOV 2017 - Merry Christmas Gamers!

Possible great news for games who will get excellent offers on used RX580 gpus for Christmas as mining ETH will become unprofitable.

Here´s a study of the date and daily cash flow of a typical RX 580 card with 28 MH/s of hashing power, the chashflow estimates 1 ETH = 245 USD and includes power costs and pool fees.

11-May-17 $5.37
18-May-17 $4.68
25-May-17 $4.14
31-May-17 $3.53
6-Jun-17 $2.82
13-Jun-17 $2.39
20-Jun-17 $1.77
27-Jun-17 $1.48
4-Jul-17       $1.39
11-Jul-17 $1.16
18-Jul-17 $0.97
25-Jul-17 $0.82
1-Aug-17       $0.70
8-Aug-17 $0.59
15-Aug-17 $0.51
22-Aug-17 $0.42
29-Aug-17 $0.34
5-Sep-17       $0.27
12-Sep-17 $0.21
19-Sep-17 $0.16
28-Nov-17 -$0.21

Apparently the Ethereum network is releasing their so called "ice age" for mining in preparation to a transition to Proof of Stake, this should happen at the end of this year as the above numbers confirm.

It´s a bad idea to build mining rigs having Ethereum in mind right now, also what will happen with our Hashflare and Genesis Mining Contracts? please post your opinions below.

Eth donations: 0x6929c5060471F3f239C78dcaA38Afbdc17377349

Use code "GC0iHB" and get 3% off every purchase on Genesis Mining!