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❓ASK Is ethereum mining with GPU still profitable?

ChristyCharms

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Hi guys, my doubt is if its still profitable to mine ethereum (i'm mining but i am thinking in expand my rig). The thing that has me worried is that ethereum 2.0 won't be able to be mined with gpu.

What do you think?
 
Yes, it's profitable but there are more interesting coins to mine. I think you need to decide if you are willing to take risks and mine promising young coins, or mine Ether conservatively, without unnecessary risks.

I mine Toncoins rigt now. It's more profitable than ETH. But there is one caveat, mining will end soon. The possibility may just disappear because right now it remains ~74M coins available to mining.
 
Although at present, mining is not as highly profitable and lucrative as it used to be, it is still profitable to mine Ethereum if, as a miner, you still own the GPU, which is meant for mining. But for someone who is thinking of going into mining Ethereum who needs to purchase a brand new GPU, the return on investment in setting up an Ethereum mining rig may be too low.
 
Even if mining is currently less highly profitable and lucrative than it once was, it is still profitable to mine litecoin if you still have the GPU that is designed specifically for mining. The ROI of putting up an litecoin mining rig, however, might be too low for someone who needs to buy a brand-new GPU and is considering getting into the litecoin mining business.
 
Even if mining is currently less highly profitable and lucrative than it once was, it is still profitable to mine litecoin if you still have the GPU that is designed specifically for mining. The ROI of putting up an litecoin mining rig, however, might be too low for someone who needs to buy a brand-new GPU and is considering getting into the litecoin mining business.
Now mining is generally not inherently profitable due to the low cost of cryptocurrency and the high price of electricity. In addition, if you mine on the GPU, then you will not get a high rate, which means there will be no profit. And if you mine on ASIC, then the hashrate will be high, but you will have to pay a good amount for electricity.
You can try mining Litecoin on two RX 580 8Gb, but I'm not sure that there will be any profit, even with the cost going up a little today.
 
Arithmetic Logic Units, often known as ALUs, are an integral part of graphics processing units (GPUs) and are responsible for carrying out a variety of mathematical computations. As a result of the presence of these ALUs, the GPU is able to carry out a greater number of calculations, which results in an increase in the amount of cryptocurrency that can be mined.
 
Arithmetic Logic Units, often known as ALUs, are an integral part of graphics processing units (GPUs) and are responsible for carrying out a variety of mathematical computations. As a result of the presence of these ALUs, the GPU is able to carry out a greater number of calculations, which results in an increase in the amount of cryptocurrency that can be mined.
I know about this because I myself was engaged in direct physical mining on the GPU. These so-called arithmetic logic units are present in any video card processor, as well as in system processors.
They are an integral part of any processor. Without them, the processor is not a processor, it simply will not perform the tasks assigned to it.
 
Yes, it's profitable but there are more interesting coins to mine. I think you need to decide if you are willing to take risks and mine promising young coins, or mine Ether conservatively, without unnecessary risks.

I mine Toncoins rigt now. It's more profitable than ETH. But there is one caveat, mining will end soon. The possibility may just disappear because right now it remains ~74M coins available to mining.
Even if mining is currently less attractive and potentially lucrative than it once was, it is still advantageous you mine Litecoin if you still have a GPU that is specifically designed for mining. However, the return on investment for arranging a Litecoin mining rig may be too low for those who are considering getting into Litecoin mining and needs to buy a line of products GPU.
 
Arithmetic Logic Units, often known as ALUs, are an integral part of graphics processing units (GPUs) and are responsible for carrying out a variety of mathematical computations. As a result of the presence of these ALUs, the GPU is able to carry out a greater number of calculations, which results in an increase in the amount of cryptocurrency that can be mined.
Although profitable, there are other, more intriguing coins to mine. I believe you should choose between mining Ether cautiously and without unneeded risks, or taking excessive chances and mining promising new coins.

I'm now mining bitcoins. It generates higher profits than Ethereum. One warning, though: mining will eventually come to a stop. Because there are still millions of coins accessible for mining right today, the chance could simply vanish.
 
It could cost a fortune to put up mining gear or farm for cryptocurrency. When your computer is mining for a prolonged period of time, you should expect to see substantial increases in its electricity use. Because of this, the total price will end up being more.
 
It could cost a fortune to put up mining gear or farm for cryptocurrency. When your computer is mining for a prolonged period of time, you should expect to see substantial increases in its electricity use. Because of this, the total price will end up being more.
Another point is important here, if we consider this issue in this aspect.
When the cost of the mined currency is at a sufficiently high level, as it was recently, then you do not pay much attention to the cost of electricity. The profit from the sale of coins covers everything.
I have been mining Ethereum for two and a half years and stopped my rig just 2 months ago.
So here's what I want to say: most often the electricity charge is from 10 to 20%.
 
Another point is important here, if we consider this issue in this aspect.
When the cost of the mined currency is at a sufficiently high level, as it was recently, then you do not pay much attention to the cost of electricity. The profit from the sale of coins covers everything.
I have been mining Ethereum for two and a half years and stopped my rig just 2 months ago.
So here's what I want to say: most often the electricity charge is from 10 to 20%.
It is anticipated that bitcoin mining will be accountable for 0.1% of the world's total emissions of greenhouse gases by the year 2023. The generation of power through the use of coal is responsible for the second type of environmental impact known as air pollution, and the short lifespan of bitcoin mining gear is responsible for a third type of environmental impact known as electronic waste.
 
It is anticipated that bitcoin mining will be accountable for 0.1% of the world's total emissions of greenhouse gases by the year 2023. The generation of power through the use of coal is responsible for the second type of environmental impact known as air pollution, and the short lifespan of bitcoin mining gear is responsible for a third type of environmental impact known as electronic waste.
I agree completely with your opinion that mining is inherently harmful to the environment.
You can't prove this to the miners themselves, because they practically make money from air. Who will refuse this and no bans can stop it.
Here everything should be done by the state at the legislative level, this is the only way to solve this problem.
 
Mining ethereum is no longer profitable if you check the cost of electricity and mining rig or equipment. Secondly, cryptocurrency is down. Moreover, miners is slowly leaving ethereum behind because of coming of ethereum 2.0 that does not need mining
 
И это тоже майнинг, только принцип добавления блока другой. Если в первом случае блок подписывает тот, кто быстрее решил задачу, то во втором тот, у кого больше сложено монет. POW и POS. С расходом энергии только на поддержание работы установки, а не на расчет.
 
The profitability of Ethereum mining with a GPU is dependent on several factors and can change over time. As of January 2023, the profitability of Ethereum mining with a GPU is highly uncertain due to several factors including:
  1. The Ethereum network's transition from Proof of Work (PoW) to Proof of Stake (PoS) consensus, which is expected to significantly reduce the profitability of mining.
  2. Increased competition and the growth of the Ethereum mining industry, which has led to a decrease in mining rewards.
  3. Fluctuations in the price of Ethereum, which can directly impact mining profitability.
  4. Energy costs, which can be substantial for GPU mining, especially if electricity costs are high in your area.
It's important to note that mining profitability can be highly volatile and may change rapidly over short periods of time, so it's important to stay informed and up-to-date with the latest developments in the mining industry. Before investing in mining hardware, it's recommended to carefully consider the potential costs, risks, and opportunities involved. It may also be wise to consider alternative ways to invest in or benefit from the cryptocurrency market.
 
Mining ethereum is no longer profitable if you check the cost of electricity and mining rig or equipment. Secondly, cryptocurrency is down. Moreover, miners is slowly leaving ethereum behind because of coming of ethereum 2.0 that does not need mining
Mining cryptocurrencies can be a high-stakes venture because of factors like the market's intense competition, frequent shifts in mining difficulty, and unpredictable price swings. Hardware and energy costs can add up quickly, and the rate at which technology advances can have an effect on mining's bottom line. In addition, the regulatory climate for mining can be unstable and unpredictable, increasing the inherent danger to the industry. It's crucial to do your homework and weigh the benefits and drawbacks of cryptocurrency mining before making any financial commitments.
 
As of my knowledge cutoff in 2021, Ethereum mining with a GPU can be profitable, but profitability can change quickly due to factors such as difficulty adjustment, changes in Ethereum price, and overall network hash rate. Additionally, profitability can vary depending on electricity costs, initial hardware investment, and the type of GPU being used. It's recommended to regularly check the current state of the Ethereum network and perform calculations to determine the current profitability of mining with a GPU.
 

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