Post
Topic
Board Speculation (Altcoins)
Re: Will ethereum be profitable anytime in the future?
by
Almasani
on 05/03/2023, 22:12:15 UTC
With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Ethereum miners are already thinking about alternative ways to generate electricity. They are no longer driven by electricity provided by the government. In general, they use solar electricity. This aims to avoid increased electricity bills. Automatically it is still profitable to mine Ethereum and Bitcoin. In addition, the high Bitcoin and Ethereum prices can cover the fees used during mining. However, this must be done for the long term. If Bitcoin or Ethereum miners cannot hold back the results of mining, of course the mining results obtained are not in accordance with the costs incurred.