![]() ![]() However, if someone was looking to spend that $940 and use the card just to make a profit mining Ethereum they may find themselves disappointed.Ĭurrently, a single Nvidia RTX 3080 can generate roughly $6.10 worth of Ethereum per day. Compared to the $1,500-2,000 price tag they carry on the resale market this price is great for someone already looking for an RTX 3080. With the price increase, this GPU came out to $940 after a coupon. I just had my name come up in the EVGA queue for an RTX 3080 that I applied to purchase last year. However, the return on investment (ROI) for a brand new GPU, especially after the U.S. While mining may not be as lucrative as a month ago, it is likely still profitable to be mining if you already own a GPU. Current Profitability Is Mining Profitable Right Now? By the end of this post, you will have a solid understanding of how profitable mining is and how much longer it will likely stay that way. ![]() In this post, I will discuss the current profitability of Ethereum mining and then break down the timeline and impacts of the upcoming updates to the blockchain that will have major impacts on mining. ![]() But with the entire crypto market dipping and major changes coming to the Ethereum blockchain, will mining remain profitable in the future? With Ethereum’s value up considerably and congestion on the Ethereum network driving up gas fees, mining profitability has been fantastic for months. Mining Ethereum has been a great way for individuals with graphics cards (GPUs) to make some money while they aren’t using their PC. ![]()
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