In recent months, the price of Ethereum has risen sharply, and the corresponding mining income has increased and the payback period has shortened. Is Ethereum mining a good business? Is now a good time to enter Ethereum mining?

As the price of Ethereum rises, the daily output of coins per unit of computing power increases. Many friends have begun to pay attention to Ethereum mining. Let’s talk about Ethereum mining today.

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The current revenue and payback period of Ethereum mining:

The mainstream graphics card manufacturers on the market are AMD and Nvidia. In the Ethereum mining market, the more popular graphics cards are Nvidia's 1660S, AMD's 5600XT and 5700XT.

We will explain the current revenue and payback period of graphics card mining based on the graphics cards that can be quoted on the market.

Graphics card mining income and payback period:

At the current price of the currency, the net income of a machine with a 5700XT8 card is 115.6 yuan per day. According to the current market price, the static payback period of Ethereum mining is about 240 days, and the static payback period of Nvidia's 1660S is only 210 days. From the perspective of the static payback period, this investment is extremely attractive.

It should be noted that currently, both the price of Ethereum and the daily output of coins per unit computing power are volatile. For example, today's mining website shows that 1MH/s can mine 0.00013576ETH a day. The above table is the payback period calculated based on the average daily output of 1MH/s in the past 7 days. Of course, the recent surge in miners' income is mainly due to the popularity of the DeFi concept. We conservatively estimate that the static payback period is about 10 months.

Ethereum 2.0 has not yet been launched. According to the current progress, it is conservatively estimated that Ethereum graphics card mining machines can still mine for more than one year or nearly two years. After Ethereum completely switches to PoS mining, graphics card mining machines can no longer mine Ethereum. The residual value of graphics cards is also a part of mining income that cannot be ignored.

I have been mining for two years and now I can mine 0.3 Ethereum every day. See the picture below to start mining.

To sum up, at present, Ethereum mining is a very good investment option. Considering the market volatility, it is best to hedge the coin output within half a year or even the entire static payback period to avoid the risk of coin price fluctuations.