Research Reveals Ethereum (ETH) GPU Mining Profitability Drops to Zero

Ethereum (ETH) is adding to its network troubles, as miners see the profitability for their GPU dwindle to nothing based on research from Susquehanna investigations cited by CNBC. The factors that make Ethereum mining unprofitable are a mix of high difficulty and low asset price.

Miners will usually sell a part of their ETH holdings to cover mining expenses. However, a combination of a lower block reward of 2 ETH every minute, plus the price for ETH crashing below $200 have made mining possibly a non-viable activity.

While owners of older GPUs may remain profitable, new pu…

This article appeared first on Cryptovest

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