Ethereum mining no longer profitable for many miners

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RealDude

Entrepreneur

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Ok so the time has come already for some miners in ETH. I asked the question in another thread in relation to BTC as well as I was curious.

Time for the crypto worlds Federal Reserve Bank (Tether) to start printing some USDT out of thin air and lending to an exchange via a Repo contract so they can start buying up ETH to save the crypto market smi(&%.

P.S This price movement is the crazy volatility of crypto. But if ETH has any real value it should eventually go back up one hopes and become profitable again for miners.
 

latindev

New member
That should have happened anyway regarding of this price crash as they move to the centralized POS system making graphic card mining obsolete.
Since there are more cryptos that you can mine with GPUs, ETH moving to POS wouldn't solve the issue if there are more cryptos you can profitable mine with GPUs (in my opinion). This crash of the whole crypto market is the one that is moving GPUs to the second hand market and reducing the demand of new GPUs
 

diatessaron

Silver Member
At last! They were the reason why GPU manufacturers were creating shell companies and buying their own products, moving up the price in a range that equaled a GPU with a 20 year old used car.
 

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