How has the profitability of GPU mining changed after the merge of Ethereum?

3 answers

• Nov 23, 2021 · 3 years ago
  After the merge of Ethereum, the profitability of GPU mining has seen significant changes. With the shift to Proof of Stake (PoS) from Proof of Work (PoW), GPU mining has become less profitable for Ethereum. PoS eliminates the need for miners to solve complex mathematical problems using GPUs, which reduces the mining rewards. Additionally, the energy consumption and hardware costs associated with GPU mining are no longer necessary. As a result, many miners have shifted their focus to other cryptocurrencies that still rely on PoW and offer better profitability for GPU mining.
  581291
• Nov 23, 2021 · 3 years ago
  The profitability of GPU mining after the merge of Ethereum has decreased. With the transition to PoS, Ethereum mining no longer requires the computational power of GPUs. This has led to a decline in mining rewards and a decrease in profitability for GPU miners. However, it's worth noting that the merge of Ethereum has also brought stability and sustainability to the network, which may benefit long-term investors and users of the Ethereum ecosystem.
  453151
• Nov 23, 2021 · 3 years ago
  After the merge of Ethereum, the profitability of GPU mining has significantly decreased. As a result, many miners have shifted their focus to other cryptocurrencies that still rely on PoW. For example, BYDFi, a popular decentralized exchange, has seen an increase in GPU miners due to its support for PoW-based cryptocurrencies. This shift in mining activities has also led to increased competition and reduced profitability in the GPU mining space.
  450113