So I went out and bought about 10 high grade GPU's to mine Ethereum in June last year. These included AMD RX480 cards and similar. It cost me thousands of Singapore Dollars and a similar amount in electricity. I mined about 50 of these things and eventually when the difficulty got too high and I was earning less than the electricity costs of 600 dollars per month I gave up.
Feeling completely deflated I sold all my graphics cards and sold my 50 ETH at around 10 bucks each. What a complete and utter waste of time that was. Maybe not completely a waste of time as I did learn a lot.
Anyway if I had only kept the graphics cards I could be earning good money now. Have a look at this link https://www.coinwarz.com/cryptocurrency which compares how much money you can get for each crypto based on a standard hash rate. Interestingly Etherum is now returning around 20 USD per day even at the extremely high difficulty it is at. When I was mining I was getting around 5 bucks a day! Ignore the crappy coins that are above Ethereum as they come and go and have no long lasting value.
So what is the point of this article? - well it just goes to show when you think something like Ethereum was never going to make a profit you just have to hold out and see how cryptos can align themselves in time.
do you make money all the time?
Unfortunately no!
10 years from now you will be a wealthy man if you keep hold of at least some crypto
Yes I have Bitcoin, Steem and Stella at the moment - I am thinking of buying a little bit of all the main players just in case one takes over