After Ethereum’s transition to the Proof-of-Stake model, mining on video cards stopped bringing tangible profits, regardless of which cryptocurrency to mine. The Tom’s Hardware portal reports it.
Ethereum has been the most popular cryptocurrency when using a GPU farm. After changing the model, large capacities were released, which were transferred to the mining of other coins. Due to this increase in hashrate, the profitability of mining has plummeted.
With an electricity cost of $ 0.1 per kilowatt hour, most video cards won’t generate any income. Some will allow you to earn $ 0.06 per day, which does not cover equipment wear. The only option for miners to make money is to have a free energy source, however, even here we are not talking about sums that could be received sooner.
Ethereum switched to the Proof-of-Stake model after the release of the Merge update on September 15th. Unlike Proof-of-Work, miners’ earnings will now not depend on the performance of their computer equipment, but on the number of coins they have in their account.
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