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Is mining Ethereum still worth it? As more miners join the Ethereum network, the harder it becomes to solve the problem, which leads to an increase in the. While mining Ethereum with a single GPU won't make you rich, it can be a nice source of passive income. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency. GREYHOUNDS LIVE BETTING FOOTBALL

Advertisement But a recent report found that pre-Merge Ethereum was responsible for a whopping 20 to 39 percent of crypto-asset electricity usage. That's such a large share of the crypto mining space that all those miners moving to other tokens en masse would quickly lead to a glut of compute supply. That would in turn quickly drive down returns to the point where only miners with extremely cheap electricity could turn a profit.

We're already seeing that cycle play out on Ethereum Classic. As miners started flocking to the fork post-Merge, the increased supply of compute power has already made it nearly impossible for miners to turn a profit. Save statistic in. XLS format You can only download this statistic as a Premium user. PNG format You can only download this statistic as a Premium user. PDF format You can only download this statistic as a Premium user. Show source references As a Premium user you get access to the detailed source references and background information about this statistic.

Show details about this statistic As a Premium user you get access to background information and details about the release of this statistic. Bookmark statistics As soon as this statistic is updated, you will immediately be notified via e-mail. Yes, save as favorite!

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