Mining Ethereum (ETH) individually with kits containing graphics processing units (GPUs) is no longer viable, according to an analysis from US-based trading and technology firm Susquehanna.

The company’s findings, reported by CNBC on Tuesday, indicate that the monthly profit from ETH mining using GPUs is now an estimated $0, down from about $150 in July 2017. The slump in profitability is due to the recent crypto market downtrend and declining network hashrates, the analysis suggests.

At the time of writing, ETH is priced at $198.09, more than 5% down for the day and some 85%…

This article appeared first on Cryptovest

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