The world’s second most popular cryptocurrency is preparing for a big change, but miners are not giving up and it looks like they will dig up coins until the last minute to return the investment and make some money from it.

NVIDIA RTX 3080 Ti graphics card
Source: SmartLife / NVIDIA

According to the latest indicators, Ethereum seems to be mining Become unprofitable Long before the network switched to a new generation of blockchain – Etherium 2.0. To remind you, Ethereum 2.0test is the network Recently operated, And final integration is expected within the next 6 to 12 months (according to previous experience, 12 months ago).

Little did he expect that the miners would face new problems long before that. With the price of Ethereum coins rising, the number of miners who want to grab a few more cakes has increased, although this is still possible. Unfortunately, with the increase in the number of miners and increase in network strength, the difficulty of digging increases, i.e. the profit decreases, so now it takes an average of 6 to 10 months for your machine, now it takes more than 20 months if you buy something. RTX 30 series graphics.

With an increasing number of miners, the total power of the network has recently exceeded an incredible 1,000 TH / s, raising the excavation weight to 12.09P, the highest excavation weight ever. This means that the earnings of an individual miner are now lower than theirs. Add to that the fact that big players have recently started selling ether, lowering its price and so on Direct earnings of crypto-miners.

ProTON, one of the most popular Russian crypto miners, recently released a list of popular graphics cards, including the NVIDIA RTX 30 and AMD RX 6000 series, showing that profitability has plummeted. Even the most powerful NVIDIA graphics such as the RTX 3080 and RTX 3090 return the initial investment in just 22 months, which is very long, especially if you recently joined the mine.

Ethereum cost-effectiveness table

Ethereum cost-effectiveness table
Source: SmartLife / Proton Minor

We will note that the chart prices are expressed in rubles for the Russian market and to convert them to euros, you need to multiply the ruble by 0.012. For example, the RTX 2070 Super costs 100,000 rubles, about 1,200 euros. If you have some powerful graphics and you want to join MinerHere’s how to do it.

How to dig etherium
Source: YouTube / Franklin Hatchett

On the other hand, it should be kept in mind that although it is currently the most profitable, Etherium is not the only cryptocurrency to be mined, you should pay attention to other coins which can bring a nice profit, especially if you start digging them. Now Ethereum blockchain.

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By eseek

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