Quote from: Almasani on March 05, 2023, 10:12:15 PM

Quote from: jadethompson on October 23, 2022, 04:57:11 PM

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.

You are aware that ETH can't be mined right now right? I mean the ETH that we all know of is simply just a proof of stake at this moment, and will stay like that, there are forks and alternatives which can be mined, but the ETH that we know, the coin that is ranked second in the market, is a proof of stake one.

However, I agree with the rest, the miners are using solar and wind energy a lot more these days and that's reasonable because at the end of the day we are talking about cheaper electricity in the long run, hell if they have any excess then they can even sell that. A wind farm that I know ended up using this method and making a good return for their excess energy.