Ethereum killed GPU Mining profitability

Ethereum Merge Almost Killed Mining Profitability

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According to calculations and reports, GPU mining is no more profitable for miners because they need to shifted from Ethereum to other coins

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As a result of shift of Ethereum from proof of work to proof of stake mining crashed badly

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We have seen a sharp fall in Ethereum after its merge, It was already stated by so many analysts that Ethereum will fall after the merge

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More than Investors and Traders it has harmed GPU miners who were mining Ethereum

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This means that graphics cards are going back to their original place gaming CPU's and editing setups.

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GeForce RTX 3090 and Radeon RX 6800 and 6800 XT are only two cards which are slightly profitable with other coins.

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If you are mining other coins with RX 6800 it would take 20 years to take out the cost of your card which is a long time period.

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In future there are chances that anyhow GPU mining can be made profitable but as of now its impossible.

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Now mining can be still done in other coins - Vertcoin. - Bitcoin. - Monero. -Ravencoin. -Haven Protocol (XHV) -Ethereum Classic (ETC)

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Reports also state that it is impossible to match results of Ethereum mining because it is a top-ranked Crypto coin.

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Cryptocurrency is falling in the last few months and there are big losses now Mining is showing big losses.

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