Is ethereum mining still worth it

is ethereum mining still worth it

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Is Ethereum Mining Still Profitable - Is It Worth It (April 2018)
Despite the risks, mining Ethereum can be profitable. If the price of Ethereum goes up, or if the difficulty of mining goes down, you could make. Crypto mining is still profitable, but it's potentially not as profitable as it was in years past. That's true for a number of reasons. Ethereum, which is currently valued at around $1, �I think GPU mining will still have a place in crypto mining at least for a few years.�.
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Otherwise, miners might have to sell their rigs and use the money to buy ether, then become validators on the Ethereum blockchain; they could also use the money to buy mining equipment for other cryptocurrencies. There are a few ways miners could continue: by mining other altcoins, Ethereum Classic, or other proposed Ethereum forks. Related Articles. All Rights reserved. Difficulty Bomb: Ethereum's Increasing Difficulty in Mining "Difficulty bomb" referred to the increasing difficulty and time needed to mine Ethereum blocks to discourage a fork after the blockchain transitioned to proof-of-stake.