You have seen me talk about mining ETH, ETC, and Ravencoin and what types of mining programs I use, essentially I enjoy mining and been doing it on and off for years. Since ETH was $1 :) I wanted to share with you a bit more about ETH and why I am mining it considering mining ETH.. at the moment is the most profitable to mine.. Key words for me are "at the moment" sure mining ETH is the best GPU coin to mine, with the whole ETH 2.0 thingy... They are trying to get rid of GPU mining... I highly doubt that is what is going to happen many not until a year or 2 from now. Sure check out this ETH contract wallet.

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Massive Bullrun

With this Massive Bullrun though the price with the exception of Hive of course, are mooning, and thus mining ETH once again is super profitable.

Please note that calculations are based on mean values,
therefore your final results may vary.

I'd say though it is a nice profit, again only with my RX 5700 XT rig.. I will need to purchase more GPUS I have something brewing as well, so you can jump in the fun.

A quick recap on my small mining rig, which is currently mining ETH with the current upcoming bull run and the switch for Proof of Stake for ETH, I think it's very wise to stack up on some of it.

The current Cashout amount is .05 ETH and at my current mining hash power, I need about 6 Hours* to hit my min cash out. I am at the moment just mining with two RX 2700 XT which both do an average of 50 Mh/s This being Stock.

Having more cards will increase the hashrate and of course earn some more ETH but since ETH is mooning and soon to be POS, lets see how much I can squeeze.

Current MH/s

Proof of Stake

Proof of stake (PoS) is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e., the stake).

At the moment ETH mining reward for my set up is $12.58 with NanoPool.

This is me staking as much as I can of ETH before it skyrockets. 🚀🚀 of course, all these are estimates and it can also take longer if more Hashing power is being directed to ETH.