Will ethereum be profitable anytime in the future?
Will ethereum be profitable anytime in the future?
With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Ruban Lovelace Answered question May 27, 2024
You can’t mine it anymore. But asking if it’s profitable, I would like to say yes. It’s still the 2nd top altcoin in the market and that’s why it’s highly profitable in the future.
Don’t forget about the upgrade that has been made to it has certainly improved a lot through the Ethereum London upgrade. And one of its features was a burning mechanism for each of the transactions that we make, a fee or portion of Ethereum from there is burned currently.
Ruban Lovelace Answered question May 27, 2024