With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
If you change that to “investing in Ethereum” then yes it will be profitable because you’re talking about the second on the list of every cryptocurrency ever created. Matter of fact, it’s currently about 2.5x what it was when you made the post. And that’s not all because I believe we’re yet to see the best part of it.
I definitely agree with this statement ethereum is among the most reliable coin that haven't even reached its all time high the opportunity is still so wide with this coin, sure on the way of the last massive rally there will be some dipping and thats to be expected but anyone should know that ethereum is among the most reliable investment as of right now even the fact that there are so many etheruem being locked for the sake of L2 and its ecosystem speaks volume.
its quite different if compared with other high all time high coin that is high in market cap but having rather lacking in the ecosystem that there's no one using their ecosystem for real thing other than farming dapps.
the only hurdle that ethereum is having most certainly just the fact that there are gas fee problem that needs to be resolved which kinda choking the people inside their ecosystem even dencun upgrade won't do much since most of the time gas increase due to massive sudden flood of transactions.
Smart contracts is something that a really revolutionary thing that has been created and this is something a thing that cant be possibly be easily be beaten up by any project on which it would really be that hard to believe but well everyting could be possible./