Cryptocurrency Q&A Is mining ETH profitable?

Is mining ETH profitable?

ShintoSpirit ShintoSpirit Sat Dec 07 2024 | 7 answers 1579
I'm wondering if mining Ethereum (ETH) is currently profitable. I'd like to understand the potential returns on investment and whether it's worth getting into ETH mining at this point in time. Is mining ETH profitable?

7 answers

CryptoMystic CryptoMystic Mon Dec 09 2024
But with the move to proof-of-stake, the network no longer relies on miners to validate transactions.

Was this helpful?

358
97
Martina Martina Mon Dec 09 2024
This means that you cannot mine ether, the native cryptocurrency of the Ethereum network, anymore.

Was this helpful?

162
35
KimonoElegance KimonoElegance Mon Dec 09 2024
Is Ethereum mining still profitable? This is a question that many crypto enthusiasts ask.

Was this helpful?

69
36
AzrilTaufani AzrilTaufani Mon Dec 09 2024
The answer, however, has changed since Ethereum's transition to proof-of-stake in 2021.

Was this helpful?

70
37
GangnamGlitzGlamourGlory GangnamGlitzGlamourGlory Mon Dec 09 2024
But there is still hope for those looking to mine cryptocurrencies.

Was this helpful?

335
43
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts