Cryptocurrency Q&A
Is Ethereum mining still profitable?
Is Ethereum mining still profitable?
Nicola
Wed Dec 25 2024
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7 answers
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With the transition of Ethereum from PoW to PoS, miners are wondering if Ethereum mining is still a profitable venture. The 2.0 upgrade has brought changes in network efficiency, energy consumption, and the overall mining landscape, leaving many to question the viability of continuing their mining operations on the Ethereum network.
7 answers
Nicola
Fri Dec 27 2024
Ethereum transitioned from a proof-of-work to a proof-of-stake consensus mechanism. This shift meant that ether, the native cryptocurrency of Ethereum, could no longer be mined.
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Tommaso
Fri Dec 27 2024
Despite this change, there are still opportunities for miners in the cryptocurrency market. One such opportunity is mining altcoins.
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Gianluca
Fri Dec 27 2024
Is Ethereum mining still profitable? This question arises as the cryptocurrency landscape evolves.
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CryptoNinja
Fri Dec 27 2024
Altcoins are cryptocurrencies other than Bitcoin or Ethereum. Some altcoins use the same algorithm that Ethereum previously used for mining.
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SsangyongSpiritedStrengthCourageBravery
Fri Dec 27 2024
Prior to 2022, Ethereum mining was a lucrative endeavor for many miners. However, a significant change occurred in that year.
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