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Author Topic: Will ethereum be profitable anytime in the future?  (Read 956 times)
jadethompson (OP)
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October 23, 2022, 04:57:11 PM
 #1

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
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October 23, 2022, 05:09:44 PM
 #2

Ethereum is already not available for mining after they change there algorithm to PoS. You can only earn Ethereum through staking or become a validator. There is no answer to your question but if you are assuming that ETH will goes back to PoW in the future then the answer is yes because miners will keep coming on ETH since it's the second largest blockchain in crypto space next to Bitcoin. The future of this token is guaranteed success. Everyone is watching this coin so this tcoin will be profitable as always.

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October 23, 2022, 05:38:15 PM
 #3

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
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.

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October 23, 2022, 06:40:20 PM
 #4

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Yes, as passwordnow said you can't mine ethereum anymore because the algorithm has been changed from POW to POS

You can now become a validator, for which you need to stake 32 Ethereum token

Quote
Validators receive interest on their staked coins, which are denominated in Ether, as a reward for their active participation in the network. To become a validator on Ethereum, users must invest 32 ETH.
Read more here
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October 23, 2022, 08:45:49 PM
 #5

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
The new algo is POS, where one doesn't have to worry about the rising electricity bills like it was with POW, but I doubt if staking will be as profitable as mining was via the POW algorithm. Remember, one of the reasons ETH mining was lucrative was because of the very high gas fees.

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October 23, 2022, 09:30:20 PM
 #6

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

Maybe if it doesn't abuse censorship in the future and keeps its deflationary model. If, however, the centrality and centralization that is now gaining momentum in ETH grows strongly, it could prompt a migration of investors and users. The demand for the blockchain space will decline and ETH's leadership will diminish markedly. ETH's competitors are not napping. Something similar is now happening in the stablecoin sector, where censored USDT is slowly losing market share to USDC.

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October 23, 2022, 09:34:55 PM
 #7

Ethereum now and then is the leader for the entire altcoins. It stands next to bitcoin in all means. Ethereum can't be mined, but the algorithm over which the network runs is quite effective than many other blockchain.
And the reality is that even the market is very volatile and there could be other technologies that might replace Ethereum as what are others thinking about.

The foundation that Ethereum has set to its entirety is hard to beat and that's why if it's relative to its profitability, we can say that it's still profitable even it has changed its consensus algo in a pos.

The rich will be richer with that algo and that's why many have invested heavily on it.

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October 23, 2022, 09:42:27 PM
 #8

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
There’s no way to mine ETH, they already changed their platform to address that issue with electricity and other things, staking is the replacement for mining. The only way to make profit is to create your investment or trading strategy, the profit that you can have will always be depend on how you execute your strategies. ETH is still a good coin, understand the changes and you can see how you can take advantage of the market situation right now.

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October 23, 2022, 09:50:27 PM
 #9

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

For let's say ETH can still be mined or not, I suggest just buying a bunch of ETH from your supposed mining capital and then from there, work on good progress on how it can be profitable or not either you will just simply hold it or trade it thru riding the market volatility.

Remember that when mining coins thru rigs, the main factor is not just limited to electricity. There are lots of things to be considered. Just imagine those who claimed they have cheap electricity bills or are closed to free are even struggling to get a profit***.

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October 24, 2022, 03:29:12 PM
 #10

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
no more ethereum mining, because ethereum is no longer a POW system but a POS, you need 32 ETH to be a validator and staking, I think you mean ETH miners are currently profitable the answer is no, because they might switch to other mining e.g. Ethereum Classic or other altcoins

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October 24, 2022, 03:49:39 PM
 #11

I think that the era for ethereum POW already passed and have you been missing the event? i meant ethereum can't be mined anymore. It's now POS. you can only try to mine ETHW and ETC at this moment caused by these fork cons from ethereum are still using POW consensus which rely with miners to keep the blockchain alive. Ethereum is no more POW coin for now. You must try to read the latest update about that from the various article.

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October 24, 2022, 07:54:57 PM
 #12

Obviously. This is one of the best altcoins in the market right nwo and you are asking if it will be doing good or not. I am not saying that it will be like x100 or something, sure there are very very rare alts that will do insanely well that people would be very much in love with and ETH won't do as good as that. But there is a very small risk with ETH if you ask me, and thats a very good thing. I believe that we shouldn't be really expecting it to do anything shocking, but it will go up, it will be about 10k which is good enough, not something that will make you wealthy and suddenly get you 10 houses or something, but its good compared to stock market at least.

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October 26, 2022, 09:50:52 PM
 #13

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
You cannot mine ETH anymore but you can mine ETHW or ETC if you want, without a doubt the transition from POW to POS ethereum made is going to affect its miners in a very profound way but there is nothing to do except to accept the changes and do what you can to remain in business and become profitable again, and if you cannot do that then maybe it is time to begin thinking about doing something else as I do not think the conditions to mine ETHW or ETC will improve soon.

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October 26, 2022, 11:59:08 PM
 #14

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
It cannot be mined anymore since it is already POS. You only need to buy ETH on exchanges, it is the way to have ETH now.
Anyway, it will be always profitable to hold ETH because ETH price should have a chance to increase in the future. If you learn it, ETH price trend mostly follows BTC price trend. If BTC price skyrockets in the next bullrun, ETH price will also increase significantly.


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October 27, 2022, 05:24:10 AM
 #15

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
As many have said, you won't be able to mine ethereum anymore but if you want to profit from ethereum you can still do it by trading. Even now, the price of ethereum has gone up a few percent from before, which means if you bought ethereum at yesterday's low, now is the time to sell some and keep the rest of the ethereum on hold. Or you can still hold it until the price of ethereum can increase very high like ATH did a few months ago.

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October 27, 2022, 01:10:22 PM
 #16

There are lots of eyes on the Ethereum network since is the next bitcoin and is seen as gem lot of blockchain have been deployed on the Ethereum blockchain which is found more attractive to investors. Yes there is every possibility there is a great future for ethereum so it would be idea you have to utilized the little chance you have currently to bag your token and get ready for the next move.
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October 27, 2022, 10:36:18 PM
 #17

ethereum remains the best in recent years until now it still remains the best after ethereum. I believe the future of ethereum ckup is good, merge is ethereum way to evolution ethereum well in the future we will see it in the near future.

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October 28, 2022, 03:10:55 AM
 #18

ethereum remains the best in recent years until now it still remains the best after ethereum. I believe the future of ethereum ckup is good, merge is ethereum way to evolution ethereum well in the future we will see it in the near future.
actually what asked here is the Mining in which being answered multiple times already that it is not available in Ethereum network now , though there are several ways to earn yet?
but indeed that I trust ethereum for long term purposes , have bought mine few months ago, and will keep this for at least several years more.
profiting or not? just buy ETH because this is one of the best futuristic coins next to bitcoin.

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October 28, 2022, 10:29:16 AM
 #19

ethereum remains the best in recent years until now it still remains the best after ethereum. I believe the future of ethereum ckup is good, merge is ethereum way to evolution ethereum well in the future we will see it in the near future.
Yes, with the merger, it looks like it will make Ethereum more developed in the future,
for now it's not really visible and I think it's just a matter of time,
for sure I never doubted Ethereum because it is one of the promising coins
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October 28, 2022, 09:34:35 PM
 #20

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

Ethereum has moved from PoW to PoS so the rising electricity won't have any effect on Ethereum anymore. The only way to earn Ethereum is through staking which doesn't require any electricity. I think Ethereum moving to the PoS was their best decision so far. Ethereum is more like the google of the cryptocurrency world. Majority of the projects utilized her service for whatever they intend offering so without Ethereum been compatible, many project will fail to exist and the so called better layer 1 blockchain aren't reliable as they're either too centralized or underdeveloped.
As for the price of Ethereum, it'll keep rising with Bitcoin just as we're seeing in the current bounce of the market. Ethereum has lots of trust from both VC and normal investors so it should definitely do well long term.

R


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October 29, 2022, 07:53:06 PM
 #21

I think Ethereum will raise for sure and reach higher numbers once the bull market begins again. The electricity isnt the problem anymore for this coin so this gives a lot of space that it improves on the market. So far o most all coins are stable so we are just waiting for some big news too see where the coins will go

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October 29, 2022, 09:02:06 PM
 #22

I think Ethereum will raise for sure and reach higher numbers once the bull market begins again. The electricity isnt the problem anymore for this coin so this gives a lot of space that it improves on the market. So far o most all coins are stable so we are just waiting for some big news too see where the coins will go
The transition to Proof of Stake is a big success with ethereum. The network is able to execute it in a much better way without any flaw. Right now it is time to spend on buying and staking that brings profit. Ethereum will be profiting in the long term when the market begins to move on the bullish trend. It is one among the coin that have got good real-time usage after bitcoin which is the major reason for the assured growth with time.
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October 30, 2022, 04:39:35 AM
 #23

ethereum remains the best in recent years until now it still remains the best after ethereum. I believe the future of ethereum ckup is good, merge is ethereum way to evolution ethereum well in the future we will see it in the near future.
.


ETH is King Altcoins and ranked second after Bitcoin, I'm sure the position of ETH will be difficult to shift, the number of developers who use the ERC20 network makes ETH demand continue to increase, Eth of course is worthy .
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October 30, 2022, 08:34:09 AM
 #24

Yes, with the merger, it looks like it will make Ethereum more developed in the future,
for now it's not really visible and I think it's just a matter of time,
for sure I never doubted Ethereum because it is one of the promising coins

Without the merge, Ethereum would had still been among one of the best performance in the next bull cycle because it's the foundation of most project. Many projects uses the network of Ethereum for their projects operation. So Ethereum stands to benefit form all the adoption that comes to their projects. Now Ethereum has merge which increase the functionality of Ethereum making other layer one project to become absolutel as developers that left Ethereum before would like return to develop in on the Ethereum network.
Investing in Ethereum right now can be a very profitable decision you can ever take because as Bitcoin increase, Ethereum would be the next project big investors will look at as Ethereum has Bitcoin kind of trust from investors.

R


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October 30, 2022, 10:24:34 AM
 #25

ethereum remains the best in recent years until now it still remains the best after ethereum. I believe the future of ethereum ckup is good, merge is ethereum way to evolution ethereum well in the future we will see it in the near future.
.


ETH is King Altcoins and ranked second after Bitcoin, I'm sure the position of ETH will be difficult to shift, the number of developers who use the ERC20 network makes ETH demand continue to increase, Eth of course is worthy .
Yes, for me Ethereum is an altcoin that doesn't need to be doubted because it has been proven that until now Ethereum is still in position 2 below Bitcoin.
Ethereum is very suitable for long term investment and I think it is more profitable,
besides that I also believe the coin will continue to grow
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October 30, 2022, 02:41:03 PM
 #26

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Your title and OP contents do not totally match so I am not sure if you are only asking one question or two? But, if it's about mining then I don't think it's possible for ethereum to be mined, now that it is now a POS so the answer would be no. It isn't profitable anymore in terms of mining but if it's about investing or trading eth then yes, because I believe that eth future will still be bright.

More adoption can come and more price increases are also going to be expected for this especially now that most people will buy large chunks of eth and they will just hodl it strongly only to secure the network since it was now pos like I've said earlier.

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October 30, 2022, 07:28:11 PM
 #27

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

As others have said, no, it won't.  You could switch to Ethereum Classic mining, or you could buy a chunk of ETH and stake it.  With ETH going from PoW to PoS, the only way to make a profit is to trade it, or stake it.  Both options will depend on how much money you have as the deciding factor for how much money you make.  It's pretty similar to the traditional finance system, which should be of no surprise when you dig in to who was behind it's creation.  Worse yet, now that it is PoS instead of PoW, blocks are being censored per regulators meaning that Ethereum is no longer an immutable blockchain.

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November 02, 2022, 11:52:29 AM
 #28

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
there are no availability for Mining in Ethereum now, and I think what we can do here is to invest, stake or something similar if you really wanted to earn from ethereum .

and making profit for long term is best in crypto by Holding mate and not totally in mining as like you said , electricity is truly high now.

ethereum remains the best in recent years until now it still remains the best after ethereum. I believe the future of ethereum ckup is good, merge is ethereum way to evolution ethereum well in the future we will see it in the near future.
.


ETH is King Altcoins and ranked second after Bitcoin, I'm sure the position of ETH will be difficult to shift, the number of developers who use the ERC20 network makes ETH demand continue to increase, Eth of course is worthy .
lets see after 5 -10 years more.

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January 30, 2023, 04:38:54 PM
 #29

Ethereum is the second successful token after bitcoin and no one can ignore the rising amount of ethereum. If you hold ethereum for long term then it will certainly give you profit.

Ethereum is a suitable coin for trading and investment and now the price is up so it is also estimated that in coming weeks and months it will increasing more.

Ethereum is very beneficial and the future of Ethereum will be very brighter so those who invest part of money into it will be more profitable in future.

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January 30, 2023, 07:25:21 PM
 #30

Ethereum is the second successful token after bitcoin and no one can ignore the rising amount of ethereum. If you hold ethereum for long term then it will certainly give you profit.

Ethereum is a suitable coin for trading and investment and now the price is up so it is also estimated that in coming weeks and months it will increasing more.

Ethereum is very beneficial and the future of Ethereum will be very brighter so those who invest part of money into it will be more profitable in future.
Correction, Ethereum is not a token but it is an Altcoin. ETH being the second coin in the top list means that it was easily seen and considered by a lot of investors but there are still people who are not a fan of this coin. Holding is not enough but one must also be attentive and always watch out for the signs if the bull run for the cryptos are coming so that they can dispose their coins on time.

If you can't do that, then you can't possibly earn even if you already hold the best crypto. And if there are coins which are suitable for trading then I don't think it will be ETH but I see ETH as a stable crypto with long-term potential. It's already enough for long-term hodling.

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January 31, 2023, 12:25:34 AM
 #31

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
I rather buy Ethereum than other altcoins. If you can see the TVL of Ethereum right now versus other chains or networks, Ethereum is extremely far. That is the best example of why I believe Ethereum is good for the long term and is also safe.

As you can see, around 59% of the whole cryptocurrency market is on Ethereum right now. And that 59% is around $29.18 billion as of now.


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January 31, 2023, 04:33:38 AM
 #32

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Even though Ethereum can no longer be mined and the way to get it now is through staking and also buying, in the future I think this coin will still be in second place under BTC and will provide profit for its holders. If you want to start adding it to your bag try to use the DCA method and when it reaches 32 ETH you can start staking it and it will make your bags also increase from staking results, but 32 ETH is too big for me

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January 31, 2023, 05:55:08 AM
 #33

just Buy instead of anything , better to buy now as it was very low and of course to expect a return in the future  because this is the most promising coin from bitcoin .

Indeed, for now the mining produced is not in accordance with the electricity costs we spend, because the price of Eth is currently falling.  Most likely in the next few months the price of Eth will rise, so mining will be more profitable

best to Mine other coins , than ethereum or best to stake Ethereum as there are so much promise for this to come.

I think Ethereum will raise for sure and reach higher numbers once the bull market begins again. The electricity isnt the problem anymore for this coin so this gives a lot of space that it improves on the market. So far o most all coins are stable so we are just waiting for some big news too see where the coins will go
Just the time that we don't know when to come .
Ethereum is the second successful token after bitcoin and no one can ignore the rising amount of ethereum. If you hold ethereum for long term then it will certainly give you profit.


specially nowadays that Ethereum is truly climbing high following Bitcoin.

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January 31, 2023, 09:34:46 AM
 #34

just Buy instead of anything , better to buy now as it was very low and of course to expect a return in the future  because this is the most promising coin from bitcoin .


It should also be noted that Ethereum has reached ATH at a price of $4891 and this is an extraordinary achievement. Currently the price of Ethereum is still around $1500. Ethereum is the most promising altcoin after Bitcoin and is the top Altcoin that can follow Bitcoin prices. There is nothing to doubt if buying ethereum for the long term. After Ethereum's move from POW to POS, transaction fees are also cheaper and the network is running well. In the future we will see that the current price is too low.
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January 31, 2023, 11:03:11 PM
 #35

~
It should also be noted that Ethereum has reached ATH at a price of $4891 and this is an extraordinary achievement. Currently the price of Ethereum is still around $1500. Ethereum is the most promising altcoin after Bitcoin and is the top Altcoin that can follow Bitcoin prices. There is nothing to doubt if buying ethereum for the long term. After Ethereum's move from POW to POS, transaction fees are also cheaper and the network is running well. In the future we will see that the current price is too low.
If you are talking about the future, i hope there will be a time when people start understanding the real concept of POS and it is not decentralized and only a few control majority of the coins, until then you can make money whenever the price of BTCitcoin rises, ETH along with other alts rises as well.

Average transaction fees is $4.41, it is really high considering how Vitalik used to mock the transaction fees of BTCitcoin when there was network congestion back in the day, he never thought karma is a bitch  Cheesy.
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February 01, 2023, 03:59:29 PM
 #36

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
No ser, mining stopped and only pos which is you need to buy eth to stake and became validator, is more riskier than mining, so suggesting if you want doing pos, dont go pooling things, set up by yourself and dont rent private server, even raspberry can handle this with little tiny power

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February 01, 2023, 07:15:07 PM
 #37

OP posted once and never came back. The question is obvious for the majority that ETH is still profitable no matter what happened and despite many don't like the transition that has happened but yeah, has to quote that part of it's not mineable anymore.

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
No ser, mining stopped and only pos which is you need to buy eth to stake and became validator, is more riskier than mining, so suggesting if you want doing pos, dont go pooling things, set up by yourself and dont rent private server, even raspberry can handle this with little tiny power
It's quite expensive if he's going to build his own. Those that have less will join the pools but how much in it is for them? I'd rather hold it on my own and do nothing with it.

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February 01, 2023, 11:56:21 PM
 #38

OP posted once and never came back. The question is obvious for the majority that ETH is still profitable no matter what happened and despite many don't like the transition that has happened but yeah, has to quote that part of it's not mineable anymore.

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
No ser, mining stopped and only pos which is you need to buy eth to stake and became validator, is more riskier than mining, so suggesting if you want doing pos, dont go pooling things, set up by yourself and dont rent private server, even raspberry can handle this with little tiny power
It's quite expensive if he's going to build his own. Those that have less will join the pools but how much in it is for them? I'd rather hold it on my own and do nothing with it.
When we do speak about mining then it would really be totally depending on electricity cost on where you are residing and if you are really that going for long term then it wont really be that a bad idea but of course you would need to pay up for the energy consumption + expensive GPU's if you are really into mining.

Not all would really be that having the capital on doing so and its true that it would be more better if you do just simply buy and hold it for long term rather than on making yourself do involved all the
hassle and huge expenses if we do speak about mining.There are people who are really that eager on mining it but well we do have our own choice and as long you are aware of the risk
then its really up to you.

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February 02, 2023, 01:33:17 AM
 #39

just Buy instead of anything , better to buy now as it was very low and of course to expect a return in the future  because this is the most promising coin from bitcoin .
It should also be noted that Ethereum has reached ATH at a price of $4891 and this is an extraordinary achievement. Currently the price of Ethereum is still around $1500. Ethereum is the most promising altcoin after Bitcoin and is the top Altcoin that can follow Bitcoin prices. There is nothing to doubt if buying ethereum for the long term. After Ethereum's move from POW to POS, transaction fees are also cheaper and the network is running well. In the future we will see that the current price is too low.
Profitability of ethereum must come with the profitability of crypto market as a whole, always following the tendency of bitcoin. ETH is the strongest altcoin in the market, so besides bitcoin, there are high chances ETH can also overcome its previous ATH in a future bull run. Bitcoin is the king of crypto market and ethereum is the king of altcoins market, so it's natural to assume the investment is still hot and full of potential, although it should never replace bitcoin in an investor's portfolio.

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February 02, 2023, 08:54:58 AM
 #40

~snip~
OP may be confused what to answer. But the transition that ETH made from Post to Pow had positive and negative impacts. The majority can indeed mine without the need for mining rigs that are heavy and consume a lot of electricity, but besides that, Post is also not fully decentralized and Ethereum cannot be called a decentralized altcoin anymore. But the positive impact on the network is that it provides good transaction speed and lower gas costs. this is just the beginning and there are still updates to be made.
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February 03, 2023, 08:20:15 AM
 #41

just Buy instead of anything , better to buy now as it was very low and of course to expect a return in the future  because this is the most promising coin from bitcoin .
It should also be noted that Ethereum has reached ATH at a price of $4891 and this is an extraordinary achievement. Currently the price of Ethereum is still around $1500. Ethereum is the most promising altcoin after Bitcoin and is the top Altcoin that can follow Bitcoin prices. There is nothing to doubt if buying ethereum for the long term. After Ethereum's move from POW to POS, transaction fees are also cheaper and the network is running well. In the future we will see that the current price is too low.
Profitability of ethereum must come with the profitability of crypto market as a whole, always following the tendency of bitcoin. ETH is the strongest altcoin in the market, so besides bitcoin, there are high chances ETH can also overcome its previous ATH in a future bull run. Bitcoin is the king of crypto market and ethereum is the king of altcoins market, so it's natural to assume the investment is still hot and full of potential, although it should never replace bitcoin in an investor's portfolio.
When Bitcoin goes up it is also followed by Ethereum so with that moment Ethereum can overcome the previous ATH,
but apart from that Ethereum remains one of the viable options for investment and profitable,
We'll see how it develops and it's interesting to wait.

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February 05, 2023, 07:13:31 PM
 #42

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
There are no way to mining it as like Bitcoin. You can just holding it, i would like to recommend for the long term investment in the coin because of it will increase slowly but you will get decent profit to keep storing in the long run because it’s considered most promising coin after BTC.

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February 05, 2023, 08:42:07 PM
 #43

Profitability of ethereum must come with the profitability of crypto market as a whole, always following the tendency of bitcoin. ETH is the strongest altcoin in the market, so besides bitcoin, there are high chances ETH can also overcome its previous ATH in a future bull run. Bitcoin is the king of crypto market and ethereum is the king of altcoins market, so it's natural to assume the investment is still hot and full of potential, although it should never replace bitcoin in an investor's portfolio.
Anyone thinking about creating a portfolio with different cryptocurrencies needs to add ethereum to the mix or otherwise they will be missing in one of the best coins this market can offer, now it is true it had suffered during the previous year and its transition to POS did not brought the growth that everyone as expecting, but we cannot blame ethereum for that as all the market failed to grow during that period due to the numerous setbacks we encountered at the time.
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February 06, 2023, 02:13:29 PM
 #44

Quote
More adoption can come and more price increases are also going to be expected for this especially now that most people will buy large chunks of eth and they will just hodl it strongly only to secure the network since it was now pos like I've said earlier.
Yeah, ETH 2.0's PoW to PoS transition is in the final stages.  I think this is also the driving force for value growth by big injections.  In terms of price effects, sometimes ETH has more traction than bitcoin, but generally it will move with bitcoin.  At the same time, ETH's wide range of applications still represents its great potential in the future.  Bitcoin halving, it will be big pumps and just hold ETH, profits will come I think

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February 06, 2023, 11:02:57 PM
 #45

as long as ethereum still below $2k just accumulate, doesn't matter if it's PoS or PoW it's all the same thing at the end of the day only the ones with wealth and huge chunk of capital could participate.
but we could still accumulate and wait until next bullrun comes that way we could get massive profit from our investments without even need to stake some massive money.

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February 08, 2023, 07:11:03 PM
 #46

Quote
More adoption can come and more price increases are also going to be expected for this especially now that most people will buy large chunks of eth and they will just hodl it strongly only to secure the network since it was now pos like I've said earlier.
Yeah, ETH 2.0's PoW to PoS transition is in the final stages.  I think this is also the driving force for value growth by big injections.  In terms of price effects, sometimes ETH has more traction than bitcoin, but generally it will move with bitcoin.  At the same time, ETH's wide range of applications still represents its great potential in the future.  Bitcoin halving, it will be big pumps and just hold ETH, profits will come I think
There is little doubt that during the next bull run ethereum is going to reach a new all time high, we just do not know how high it would be, and this makes buying ethereum at the current prices a very attractive proposition, now it is true that it is unlikely we will obtain the massive benefits we could have gotten in the past but profits are profits and anyone that has a good amount of savings can easily multiply them many times over during the next years if they invest in ethereum.
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February 08, 2023, 08:11:26 PM
 #47

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Ethereum has been migrated to Proof of stake and there will no issue of High electricity consumption and other problem which Proof of work facing. Here one thing we should know that ETHEREUM is now much centralized after POS which is not good and this is the reason we may not see biggest pump in price for some time but still buying Below 1500$ is valuable and can give profit in long term

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February 09, 2023, 11:11:42 AM
 #48

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

Ethereum has moved from PoW to PoS so the rising electricity won't have any effect on Ethereum anymore. The only way to earn Ethereum is through staking which doesn't require any electricity. I think Ethereum moving to the PoS was their best decision so far. Ethereum is more like the google of the cryptocurrency world. Majority of the projects utilized her service for whatever they intend offering so without Ethereum been compatible, many project will fail to exist and the so called better layer 1 blockchain aren't reliable as they're either too centralized or underdeveloped.
As for the price of Ethereum, it'll keep rising with Bitcoin just as we're seeing in the current bounce of the market. Ethereum has lots of trust from both VC and normal investors so it should definitely do well long term.

Before Ethereum merger from PoW to PoS there were predictions that price will shoot up soon after the merger but it never happend. Ethereum price just like other alts is linked with bitcoin price moment.

If you see price of ethereum in last three months then it has gone up but if you compare it will last one year price chart then you can see that in last one year Eth price has drastically declined from 3500$ to 1000$ and now at 1600$.

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February 10, 2023, 05:01:11 PM
 #49

Ethereum has moved from PoW to PoS so the rising electricity won't have any effect on Ethereum anymore. The only way to earn Ethereum is through staking which doesn't require any electricity. I think Ethereum moving to the PoS was their best decision so far. Ethereum is more like the google of the cryptocurrency world. Majority of the projects utilized her service for whatever they intend offering so without Ethereum been compatible, many project will fail to exist and the so called better layer 1 blockchain aren't reliable as they're either too centralized or underdeveloped.
As for the price of Ethereum, it'll keep rising with Bitcoin just as we're seeing in the current bounce of the market. Ethereum has lots of trust from both VC and normal investors so it should definitely do well long term.
Before Ethereum merger from PoW to PoS there were predictions that price will shoot up soon after the merger but it never happend. Ethereum price just like other alts is linked with bitcoin price moment.

If you see price of ethereum in last three months then it has gone up but if you compare it will last one year price chart then you can see that in last one year Eth price has drastically declined from 3500$ to 1000$ and now at 1600$.
There is a significant increase which happened before and after it but that didn't continue. I guess all of it was only due to hype and excitement of the people but now they have woken up and realize that the upgrade is actually bad for ETH. ETH is a major altcoin so it can go on its own and won't totally depend on Bitcoin.

ETH can also control the altcoins. If its values goes up, they will also follow but if it goes down, the same faith they are going to face but we shall not worry because we still have a hope. We still have bitcoin on the side that can lift those poor altcoins once ETH has no power to do it. We have a bear run the past year so it's normal that ETH declined a lot but now the market is recovering so let's see if what faith awaits with ETH.

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February 10, 2023, 07:27:27 PM
 #50

Well your topic title could be better in ethereum mining is mentioned in it, but to be specific in my answer I will like you to know several things that could help your understanding.
1: you have to u understand that Ethereum has moved from a proof of work algorithm to proof of stake.
-that is so ethereuem transaction does not rely on the computing devices to process and confirm its transactions, but rather depends on the stake liquidity to get the transaction confirmed and the reward for the transaction will be distributed among pool providers.
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February 14, 2023, 09:55:12 AM
 #51

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
ethereum is not available for mining for now the best way to earn ethereum is to invest, do staking and trading, or hold it for a long term i am sure it will become a very big coin next to bitcoin in the future specially during bull season so there is no doubt that ethereum is profitable in the future.


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February 14, 2023, 10:31:06 AM
 #52

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
ethereum is not available for mining for now the best way to earn ethereum is to invest, do staking and trading, or hold it for a long term i am sure it will become a very big coin next to bitcoin in the future specially during bull season so there is no doubt that ethereum is profitable in the future.
I have never tried staking ETH and prefer to hold ETH in the medium or long term because looking at the current conditions, ETH has experienced a deep decline. So ETH can be a medium- or long-term investment while waiting for the BTC price to recover and start a rally to create a new ATH. And when that happens, I think ETH will be able to keep up with BTC's rise by increasing its price. And who knows, at that time, the price of ETH may get the latest ATH because usually, before or after BTC gets a bull run, there is an altcoin season moment that comes to the market. And this can make the price of ETH increase drastically.
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February 15, 2023, 03:49:19 AM
 #53

When Bitcoin goes up it is also followed by Ethereum so with that moment Ethereum can overcome the previous ATH,
but apart from that Ethereum remains one of the viable options for investment and profitable,
We'll see how it develops and it's interesting to wait.

Ethereum will be profitable or not depends on at what price you have bought it. Last year Ethereum went below 1000$ in the mid of year, anyone who has bought eth at that price is in profitable at the moment. This is very much true that price of all Alts including Ethereum is binded with bitcoin price moment. Ethereum can go up provided bitcoin also go up. There won't be any solo Ethereum flight.
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February 25, 2023, 06:08:37 AM
 #54

When Bitcoin goes up it is also followed by Ethereum so with that moment Ethereum can overcome the previous ATH,
but apart from that Ethereum remains one of the viable options for investment and profitable,
We'll see how it develops and it's interesting to wait.

Ethereum will be profitable or not depends on at what price you have bought it. Last year Ethereum went below 1000$ in the mid of year, anyone who has bought eth at that price is in profitable at the moment. This is very much true that price of all Alts including Ethereum is binded with bitcoin price moment. Ethereum can go up provided bitcoin also go up. There won't be any solo Ethereum flight.
I think patience when investing in ethereum is really needed, considering that this altcoin is the closest to bitcoin, so in terms of security, this altcoin is the safest in my opinion, and also if we can wait a long time with no certainty of time, I think profits will be easy to achieve . for example we buy now, then the possibility to fly is still open, considering that bitcoin has seen a recovery, although no one knows whether this is a correction or not

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March 01, 2023, 03:33:40 PM
 #55

Ethereum will be profitable or not depends on at what price you have bought it. Last year Ethereum went below 1000$ in the mid of year, anyone who has bought eth at that price is in profitable at the moment. This is very much true that price of all Alts including Ethereum is binded with bitcoin price moment. Ethereum can go up provided bitcoin also go up. There won't be any solo Ethereum flight.
I think patience when investing in ethereum is really needed, considering that this altcoin is the closest to bitcoin, so in terms of security, this altcoin is the safest in my opinion, and also if we can wait a long time with no certainty of time, I think profits will be easy to achieve . for example we buy now, then the possibility to fly is still open, considering that bitcoin has seen a recovery, although no one knows whether this is a correction or not
Not only with Ethereum but all cryptos requires it especially now that we are still in a bear market but if you don't have a patience, you can always switch to trading and just make use of the price fluctuations that happens from time to time. Bitcoin and altcoin are not the same, so don't say ETH is close to Bitcoin. ETH is actually the king of altcoins.

With that kind of reputation, we are sure that we are safe with ETH. Long term investment is not easy but there are measures that we can do to kill the boredom. About BTC, that the drop that it happened lately is only a correction. Once it's done, BTC will continue to increase and ETH can surely follow its path.

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March 01, 2023, 11:35:09 PM
 #56

Whether it is ethereum or the rest of the altcoins available in the market. Everything rolls around bitcoin market, which means there is assured growth based on the movement of bitcoin. Not everyone understands it, and doesn't have the patience to profit.

Ethereum stands next to bitcoin in terms of marketcap. Often some form of FUD related to ethereum can be seen around. This is kind of panic development around the market. In terms of usage and project development ethereum platform is much used. For various reasons ethereum is to grow for sure.

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March 02, 2023, 02:29:08 AM
 #57

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Don't know what made you ask about Mining ethereum when it wasn't available in our time now , and aside from that Mining is too expensive than its better to buy and hold.
though there are also available like what said above is staking so choose what to  do or choose what best coin to change than ethereum.
and also like what I said? best to Buy ETHEREUM than mining as it is not available to mine now.
Whether it is ethereum or the rest of the altcoins available in the market. Everything rolls around bitcoin market, which means there is assured growth based on the movement of bitcoin. Not everyone understands it, and doesn't have the patience to profit.

all of us knew it but the problem is many don't wanna understand what does it mean so they choose to support shitcoin over Ethereum.

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March 05, 2023, 05:58:10 PM
 #58

I think mining is no longer possible since they changed the network to POS, so maybe there are other ways to make a profit apart from mining which is no longer possible.

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March 05, 2023, 08:04:03 PM
 #59

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Don't know what made you ask about Mining ethereum when it wasn't available in our time now , and aside from that Mining is too expensive than its better to buy and hold.
though there are also available like what said above is staking so choose what to  do or choose what best coin to change than ethereum.
and also like what I said? best to Buy ETHEREUM than mining as it is not available to mine now.
I remember there are some ethereum forks that you can still mine if you want to, even basically the same coin with different chain was handled for a while but didn't work. ETH is great coin to buy and hold, and it is even better to buy and stake as well, which would make it actually pretty decent thing to do and I would be highly in support of it.

I am not saying that it would be a terrible idea or anything like that, but it should not come off as a surprise to anyone that ETH is something that will be around for a long time so trying to make a short term calculation for it seems like a mistake in the end. I highly suggest making a very long term investment on it.
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March 05, 2023, 10:12:15 PM
 #60

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Ethereum miners are already thinking about alternative ways to generate electricity. They are no longer driven by electricity provided by the government. In general, they use solar electricity. This aims to avoid increased electricity bills. Automatically it is still profitable to mine Ethereum and Bitcoin. In addition, the high Bitcoin and Ethereum prices can cover the fees used during mining. However, this must be done for the long term. If Bitcoin or Ethereum miners cannot hold back the results of mining, of course the mining results obtained are not in accordance with the costs incurred.
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March 06, 2023, 08:44:15 PM
 #61

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
This is still a big question in my mind, will ethereum return to ATH, because currently the price of ethereum is falling and with the release of ethereum PoW it might affect the price of ethereum in the future. ethereum holders should be more careful.

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March 07, 2023, 01:46:46 AM
 #62

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Ethereum miners are already thinking about alternative ways to generate electricity. They are no longer driven by electricity provided by the government. In general, they use solar electricity. This aims to avoid increased electricity bills. Automatically it is still profitable to mine Ethereum and Bitcoin. In addition, the high Bitcoin and Ethereum prices can cover the fees used during mining. However, this must be done for the long term. If Bitcoin or Ethereum miners cannot hold back the results of mining, of course the mining results obtained are not in accordance with the costs incurred.
You are aware that ETH can't be mined right now right? I mean the ETH that we all know of is simply just a proof of stake at this moment, and will stay like that, there are forks and alternatives which can be mined, but the ETH that we know, the coin that is ranked second in the market, is a proof of stake one.

However, I agree with the rest, the miners are using solar and wind energy a lot more these days and that's reasonable because at the end of the day we are talking about cheaper electricity in the long run, hell if they have any excess then they can even sell that. A wind farm that I know ended up using this method and making a good return for their excess energy.

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March 07, 2023, 02:15:25 AM
 #63

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
Don't know what made you ask about Mining ethereum when it wasn't available in our time now , and aside from that Mining is too expensive than its better to buy and hold.
though there are also available like what said above is staking so choose what to  do or choose what best coin to change than ethereum.
and also like what I said? best to Buy ETHEREUM than mining as it is not available to mine now.
I remember there are some ethereum forks that you can still mine if you want to, even basically the same coin with different chain was handled for a while but didn't work. ETH is great coin to buy and hold, and it is even better to buy and stake as well, which would make it actually pretty decent thing to do and I would be highly in support of it.

I am not saying that it would be a terrible idea or anything like that, but it should not come off as a surprise to anyone that ETH is something that will be around for a long time so trying to make a short term calculation for it seems like a mistake in the end. I highly suggest making a very long term investment on it.
indeed it is better to buy and hold but Mining those fork coin? I'm not sure if this is literally a best interest for wanting to mine.
I would rather buy Ethereum and keep holding than doing such action that maybe more riskier than buying.
mistake will keep coming but never allow this to happen when you  have a choice .

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December 17, 2023, 10:30:06 AM
 #64

The relation of electricity to Ethereum is void because of the change. I am still holding quite some amount of Eth and I am one of its believers because I know that it is going to be worth a lot.
Like now, with the coming bull run and people speculating about it that it may reach $7k-$10k. Well, if it goes $10k then no doubt that I will sell all of mine by that time or I think that even $7k is already worthwhile to take some profits and I'd do my shopping spree by that time.



 

 

 

 

 

 


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December 17, 2023, 05:53:04 PM
 #65

It would surely be worth hodling ETH until the bull run even I have come ETH saved and it's been a while but couldn't sell it off as I am yet to achieve the breakeven since I bought some during the peak of bull run, anything above $5k will make ETH portfolio profitable. But I am waiting for ETH to break it's previous ATH as I have hodled it for a while hence wanted to ensure I get the maximum benefit out of it.









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December 18, 2023, 08:11:56 AM
 #66

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

all mining coin less profitable, because you have to buy hardware devices, not to mention electricity costs too. besides that, isn't ethereum going to be a pos coin this mean a stake coin, not a pow coin anymore, this mean a mining coin?

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December 18, 2023, 01:20:28 PM
 #67

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
try not to Mine mate instead why not invest in Ethereum to have a better result , look at the time now and the movement of Ethereum ,there is a good potential making good return in the next year because We know that halving is coming and the Bull will follow .
With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
This is still a big question in my mind, will ethereum return to ATH, because currently the price of ethereum is falling and with the release of ethereum PoW it might affect the price of ethereum in the future. ethereum holders should be more careful.
All legit project always has potential in bulls , but of course there are some time to need before it happens.
trust crypto that you are holding , ethereum is better than any altcoin created .









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December 18, 2023, 04:24:31 PM
 #68

If you must fear any altcoins, ethereum should be the last you should have doubt about, not for anything but it's a digital currency that has hope and future, there's a strong dorminance in its consistencies and has high level of reliability, what we should be very careful now is about other cryptocurrencies that are just coming and keep getting pumped each time, they may bear the FOMO you're referring to when we Invested in them and don't know what may comes in next



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December 19, 2023, 04:52:32 PM
 #69

If you must fear any altcoins, ethereum should be the last you should have doubt about, not for anything but it's a digital currency that has hope and future, there's a strong dorminance in its consistencies and has high level of reliability, what we should be very careful now is about other cryptocurrencies that are just coming and keep getting pumped each time, they may bear the FOMO you're referring to when we Invested in them and don't know what may comes in next
That is because ETH is the biggest and most trusted among all the altcoins. We won't just doubt without any reason, but there must be a reason for it. The most common one would be is we think the crypto is about to collapse and will have no chance of recovery. There is also a reason behind it, like they have done a violation, or there is a glitch/bug in their system that seems unfixable any more.

Not all new cryptos that are pumping are a scam. They can be legit too and have a good technology behind them, for them to get a high demand. But you are going to be safe from any risk of these new coins, as long as you won't FOMO, and as long as your passion is already at the older and well-performing coins.

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December 19, 2023, 07:54:00 PM
 #70

If you must fear any altcoins, ethereum should be the last you should have doubt about, not for anything but it's a digital currency that has hope and future, there's a strong dorminance in its consistencies and has high level of reliability, what we should be very careful now is about other cryptocurrencies that are just coming and keep getting pumped each time, they may bear the FOMO you're referring to when we Invested in them and don't know what may comes in next
That is because ETH is the biggest and most trusted among all the altcoins. We won't just doubt without any reason, but there must be a reason for it. The most common one would be is we think the crypto is about to collapse and will have no chance of recovery. There is also a reason behind it, like they have done a violation, or there is a glitch/bug in their system that seems unfixable any more.

Not all new cryptos that are pumping are a scam. They can be legit too and have a good technology behind them, for them to get a high demand. But you are going to be safe from any risk of these new coins, as long as you won't FOMO, and as long as your passion is already at the older and well-performing coins.
There are ones who would really be really securing themselves in terms of investment via with those established old coins in the market and there are ones who do really love to play with those small caps or new projects on which we could really be able to say that not all new projects turns out to be shit. We do know that we do have L1, L2 and now L3 and possible L4 in near future on which there would really be a continous development if we do speak about those projects and about on the future. This is why people or investors would really be trying out their best to  find with those potential coins
and this is why it wont really be that shocking that they would really be that trying to eye with those projects which does have that good utility.

Speaking about ETH then we wont really be so sure that there would be no other L1's that would be taking over and i do hear out some saying and rumors that Solana would be taking up the place?
I dont think that it would be so simple but we do know that flippening into this market would really be that possible and could
happen anytime. So we cant really be able to tell..

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December 19, 2023, 11:47:29 PM
 #71

It would surely be worth hodling ETH until the bull run even I have come ETH saved and it's been a while but couldn't sell it off as I am yet to achieve the breakeven since I bought some during the peak of bull run, anything above $5k will make ETH portfolio profitable. But I am waiting for ETH to break it's previous ATH as I have hodled it for a while hence wanted to ensure I get the maximum benefit out of it.
the previous bullrun all time high was honestly so high that its gonna require sometime for ethereum to reach that again, honestly, I think it can be reached next year when after halving as you stated but even that im not so sure, but as long as bitcoin could breakthrough of its previous all time high I think ethereum will too.

The relation of electricity to Ethereum is void because of the change. I am still holding quite some amount of Eth and I am one of its believers because I know that it is going to be worth a lot.
Like now, with the coming bull run and people speculating about it that it may reach $7k-$10k. Well, if it goes $10k then no doubt that I will sell all of mine by that time or I think that even $7k is already worthwhile to take some profits and I'd do my shopping spree by that time.
if it truly reached that price then its gonna be massive, but we all know that might be kinda difficult considering the market capitalization that ethereum gonna have if reaching that high unless bitcoin is pumping its market capitalization i doubt ethereum could pull off since 3-4 x increase in market capitalization, because the more market capitalization the more money it required to pump certain coin.
but hopefully though that could be realized after all, im one that favour investing in ethereum.

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March 22, 2024, 03:36:09 PM
 #72

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

I don't think so because electricity bills are high and some changes to the ETH mining algorithm are not worth it because they don't cover the results in my opinion

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March 22, 2024, 04:30:02 PM
 #73

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

This is one of the challenge question you may want to ask upon a centralized proof of stake mining process like that of Ethereum, well i don't think this should be a serious concern because the people are used to it already and cannot afford having an alternative, that was the basis for his own project and it turned a success for him, you can realized that together with how Ethereum has been a global most leading altcoin and i don't think this can change anything about its approach from the use of PoS.



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March 22, 2024, 06:04:55 PM
 #74

This is proof you got it a long time ago because your post is old but the relative price of ethereum is now much higher. So if you were holding then then you got good profit today. However, ethereum has always followed bitcoin, so now the market is seeing massive growth. So if you buy at this time then there may be no opportunity to sell in future so you should wait this month then a good ath may be available in the market.
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March 22, 2024, 10:22:39 PM
 #75

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
This is funny but it has small meaning. And apart from the algorithm and electric bills even the network congestion and the high transaction fee has also affected the coin. And just like I purchased Ethereum as the time when it was $3,700 and today it is $3,200 and that means I am at the losing side of the investment but that is not withstanding. I am investing for a long term investment so I still have  very big hope to make it in the future.

Those are are investing now in the Ethereum Blockchain will have profit in the future.









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March 22, 2024, 11:54:45 PM
 #76

If bitcoin can make profit from here so does eth. Eth ETF hype isn’t gone and the fud circling around eth etf is to create panic among the investors so that they can dump the market to accumulate more token in cheap price. I think right now we are at the local bottom and from here the only way is up so ot is expected for eth to make a new all time high.









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March 23, 2024, 09:01:01 AM
 #77

If bitcoin can make profit from here so does eth. Eth ETF hype isn’t gone and the fud circling around eth etf is to create panic among the investors so that they can dump the market to accumulate more token in cheap price. I think right now we are at the local bottom and from here the only way is up so ot is expected for eth to make a new all time high.

ETH had just started to rally that's when we can dip in the price of BTC affecting all the Altcoins and ETH being no exception. I think ETF thing didn't really kicked off with ETH price as it has remained independent of the whatever news going around the ETF but I am sure there is great opportunity for us to still latch into ETH and earn good profit as the risk of losing it all is very minimal to Zero just like Bitcoin.









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March 23, 2024, 11:45:45 AM
 #78

I don't think is something that we need to debate about concerning ethereum because its going to be as profitable as ever before and even more in the future days to come, now we are getting closer to halving and the market is getting more bullish and we are already into bullrun, we can not say what may comes in next after this month because we are goin to halving circle and there will be much of market volatility and bullrun to the extent that many coins will reach their all time highs and beyond, just as we already have with bitcoin recently.



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March 23, 2024, 11:49:28 AM
 #79

If bitcoin can make profit from here so does eth. Eth ETF hype isn’t gone and the fud circling around eth etf is to create panic among the investors so that they can dump the market to accumulate more token in cheap price. I think right now we are at the local bottom and from here the only way is up so ot is expected for eth to make a new all time high.
when people or at least some media are fudding ethereum we can all agree that the same thing happened to bitcoin back then certain media suddenly come up with the news that bitcoin etf is not approved and suddenly the price dumping hard, that kind of fud is what people should avoid and should just ignore, there's no certainty about approval or not if there's no official statement is out so don't expect to know ahead because actually we don't have idea here.
the one that can approve the etf is the authority themselves so news about etf other than coming from the authority are definitely can be ignored completely its just bunch of fuds usually.
i think people that experienced fud in the middle of confusion whether the etf gonna be approved or not when we are still talking about bitcoin probably already getting used to some random irrelevant news and would straight ignore these irrelevant news.

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March 24, 2024, 05:28:26 AM
 #80

I don't think is something that we need to debate about concerning ethereum because its going to be as profitable as ever before and even more in the future days to come, now we are getting closer to halving and the market is getting more bullish and we are already into bullrun, we can not say what may comes in next after this month because we are goin to halving circle and there will be much of market volatility and bullrun to the extent that many coins will reach their all time highs and beyond, just as we already have with bitcoin recently.
You are right sir, that a dump of ethreum is still selling even though retail and even though the gwei is expensive Grin because ethreum is a long-term token that is often used for all activities and is often needed to participate. Indeed, ethreum can only touch its ATH throughout history without too much fud and drama, even so it is still very recommended. Buy at a low price for me to save, even though before taking profit it is needed to claim another job Grin. the usefulness of ethreum makes the list of queue always crowded and I think it deserves to be called the best altcoin throughout history and throughout the conditions. More confident buying a little ethreum than billions of new altcoins for the long term.









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March 24, 2024, 09:09:29 AM
 #81

OP, no one knows what will happen in the future because if i do i will hold a lot of ETH in my custody waiting for that day. We are only but speculators here. In my opinion i still believe that ETH is a top coin and there is a tendency it will be profitable, not because it has been stopped form mining then that means it wont be used for its purposes anymore.

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
This is still a big question in my mind, will ethereum return to ATH, because currently the price of ethereum is falling and with the release of ethereum PoW it might affect the price of ethereum in the future. ethereum holders should be more careful.
No doubt it will. Hopefully this year or next year. The release of the Ethereum PoW wont affect the price of Ethereum buddy. You are once scared of what will happen as an investor i understand. The same way we look at things are the negative side we should also try to look at the brighter side. The positive effect of the PoW on Ethereum.


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March 25, 2024, 06:55:11 PM
 #82

Bitcoin crossed $70k today after being in a correction for the past few days. Almost all top-tier altcoins have started to pump, with Ethereum being no exception. Ethereum went above $4k when Bitcoin hit its all-time high this month. Although ETF news can have some impact on ETH price. Ethereum is over $36k today, but I think if we invest in the market now, when the bull season starts at the end of the year, Ether could break past records and enter new record prices. I am optimistic that Ethereum will be profitable by the end of this year or sometime next year.

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March 25, 2024, 08:40:24 PM
 #83

It is POS.
And that means more and easier money for those that have been holding a lot of it because they can stake it to the pools or platforms that allows them to.
That's a lot of money if someone holds a lot of it and there's no need to think of it because of passive income that shall come to their accounts.


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March 25, 2024, 10:11:41 PM
 #84

It is POS.
And that means more and easier money for those that have been holding a lot of it because they can stake it to the pools or platforms that allows them to.
That's a lot of money if someone holds a lot of it and there's no need to think of it because of passive income that shall come to their accounts.
That is true but if you buy it when the network was congested this days, I don't think it will be profitable for you the person now because the amount you would got from the purchase when the transaction fee is high would be small and if you are buying small amount even big amount too. So investing in it now is not really encouraging until the price goes down. And as you said, foe those who have been holding it from the onset are the only persons that makes good profit from the market and not those who invested this year. I invested in it last week but I regret because the amount I got foe the investment or purchasing time was disappointed.









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March 26, 2024, 08:53:00 PM
 #85

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

If you change that to “investing in Ethereum” then yes it will be profitable because you’re talking about the second on the list of every cryptocurrency ever created. Matter of fact, it’s currently about 2.5x what it was when you made the post. And that’s not all because I believe we’re yet to see the best part of it.



 

 

 

 

 

 


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March 27, 2024, 04:20:46 AM
 #86

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
How  i wish you come back online now and see what is the answers about your question and to look at the market on how ethereum increases since you posted this.

but Mining Ethereum? that is always the question since mining needs a generous amount of electricity this is the reason why many miners stops operation and decided to just buy  ETH to keep holding.









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March 27, 2024, 04:38:16 AM
 #87

Well we can buy 1 Eth now for $3600 but I do think this is a low price for the token. The all time high for the token is $4,878, I think we will see this number soon.
We have the Bitcoin halving happening in now ust 25 days. If you do think we are going to see more of a 'bull run' in this time well then we can think same for Ethereum.
There is 1 analysis that thinks we will see $5,000 price for ETH soon. https://www.tradingview.com/news/u_today:e5ac35d7a094b:0-ethereum-price-goes-bullish-as-analyst-predicts-5-000-eth/

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March 28, 2024, 06:45:17 PM
 #88

After Bitcoin comes the name of Ethereum.  Already Ethereum has made a lot of name and is a successful trader coin.  Ethereum is the most valuable right now and it is expected that Ethereum will reign after Bitcoin in the future.  It is now clear that my future is very bright.  Because its price is very high now.  And even though it is an alt coin, it is much more reliable.  Ethereum is in the second position among trusted coins.  The answer to your question is yes Ethereum will be very profitable in the future.  Which has already started.


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March 29, 2024, 08:18:42 AM
 #89

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

If you change that to “investing in Ethereum” then yes it will be profitable because you’re talking about the second on the list of every cryptocurrency ever created. Matter of fact, it’s currently about 2.5x what it was when you made the post. And that’s not all because I believe we’re yet to see the best part of it.
I definitely agree with this statement ethereum is among the most reliable coin that haven't even reached its all time high the opportunity is still so wide with this coin, sure on the way of the last massive rally there will be some dipping and thats to be expected but anyone should know that ethereum is among the most reliable investment as of right now even the fact that there are so many etheruem being locked for the sake of L2 and its ecosystem speaks volume.
its quite different if compared with other high all time high coin that is high in market cap but having rather lacking in the ecosystem that there's no one using their ecosystem for real thing other than farming dapps.
the only hurdle that ethereum is having most certainly just the fact that there are gas fee problem that needs to be resolved which kinda choking the people inside their ecosystem even dencun upgrade won't do much since most of the time gas increase due to massive sudden flood of transactions.

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March 29, 2024, 01:59:18 PM
 #90

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

If you change that to “investing in Ethereum” then yes it will be profitable because you’re talking about the second on the list of every cryptocurrency ever created. Matter of fact, it’s currently about 2.5x what it was when you made the post. And that’s not all because I believe we’re yet to see the best part of it.
I definitely agree with this statement ethereum is among the most reliable coin that haven't even reached its all time high the opportunity is still so wide with this coin, sure on the way of the last massive rally there will be some dipping and thats to be expected but anyone should know that ethereum is among the most reliable investment as of right now even the fact that there are so many etheruem being locked for the sake of L2 and its ecosystem speaks volume.
its quite different if compared with other high all time high coin that is high in market cap but having rather lacking in the ecosystem that there's no one using their ecosystem for real thing other than farming dapps.
the only hurdle that ethereum is having most certainly just the fact that there are gas fee problem that needs to be resolved which kinda choking the people inside their ecosystem even dencun upgrade won't do much since most of the time gas increase due to massive sudden flood of transactions.
Smart contracts is something that a really revolutionary thing that has been created and this is something a thing that cant be possibly be easily be beaten up by any project on which it would really be that hard to believe but well everything could be possible.. If you do believe on ETH and tend to hold for long term then it would really be on someones choice, also we cant really deny that when it comes to whales then there are tons of whales on ETH and so as with other projects. Everything would really be just that depending on the community demand and recognition because this is where a certain project would really be able to have it success is on the
time that they do really get that recognition and support by the public. Yes, this is something that cant be known or something that cant be predicted but of course ETH has been sitting on #2 for long
which does really prove out on how good project it is.

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March 29, 2024, 11:07:52 PM
 #91

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
How  i wish you come back online now and see what is the answers about your question and to look at the market on how ethereum increases since you posted this.
Predicting the market rightly is difficult and not all investors can predict rightly but what I don't get is doubting if ethereum can sustain but luckily ethereum has proven the op wrong. I wished op invested at that time till date op would have made more profit compared to investors buying now with the problem of high transaction fee. From my opinion ethereum is totally different from other random coins and it's good for investing

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March 29, 2024, 11:51:47 PM
 #92

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
We know that Ethereum is second only to Bitcoin. Bitcoin has been the biggest gainer this season and has hit all-time highs in the market, but Ethereum hasn't seen much price growth in comparison. 2021 saw Ethereum reach $4800+ when Bitcoin reached $69k. In comparison, Ethereum has not seen a price increase this season. But I guess since the Ethereum ETF is stuck in the case the price may not rise much. If the Ethereum ETF is approved in May I think the price will go up  Since the Ethereum ETF was supposed to be approved in May we will have to wait until that May and see how the position develops. But I think prices will definitely go up and stay at all time highs.

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March 30, 2024, 09:05:42 AM
 #93

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
How  i wish you come back online now and see what is the answers about your question and to look at the market on how ethereum increases since you posted this.
Predicting the market rightly is difficult and not all investors can predict rightly but what I don't get is doubting if ethereum can sustain but luckily ethereum has proven the op wrong. I wished op invested at that time till date op would have made more profit compared to investors buying now with the problem of high transaction fee. From my opinion ethereum is totally different from other random coins and it's good for investing
it is definitely good there's no shortage of project try to use it its solid investment in my opinion and so far has been performing well when it comes to investing into bitcoin and ethereum i don't know why i never feel hesitant its unlike the other coin that fluctuates a lot that doesn't give a peace of mind, quite the opposite bitcoin and ethereum is giving the peace of mind for investment as long as we bought at the very bottom we almost know that our money aren't going anywhere instead it will multiplies.
seriously people who are hesitating to invest shouldn't hesitant since its a good thing to invest into a coin that has been proven to be always giving profit to its holder.
consequently though those that buy too late will definitely suffer when the price suddenly dump as always, they're the ones that get fomo'd, always invest early.

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April 01, 2024, 11:39:52 AM
 #94

It is POS.
And that means more and easier money for those that have been holding a lot of it because they can stake it to the pools or platforms that allows them to.
That's a lot of money if someone holds a lot of it and there's no need to think of it because of passive income that shall come to their accounts.
That is true but if you buy it when the network was congested this days, I don't think it will be profitable for you the person now because the amount you would got from the purchase when the transaction fee is high would be small and if you are buying small amount even big amount too. So investing in it now is not really encouraging until the price goes down. And as you said, foe those who have been holding it from the onset are the only persons that makes good profit from the market and not those who invested this year. I invested in it last week but I regret because the amount I got foe the investment or purchasing time was disappointed.
It's unfortunate but true that the trading fees are also very high sometimes in centralized exchanges. I tried buying small amounts of ETH and SOL to make a quick trade and get my funds back shortly but even when both went up and my amount got in profit, I got the same amount that I had invested earlier which means that all the profit that I earned on that trade went for the trading fees.

However, that's only for small and short-term trades. For long-term trades, ETH is still the best among all altcoins and it has only started going up right now and hasn't crossed its previous all-time high. So if someone has funds and wants to invest, they should consider ETH.

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April 01, 2024, 12:11:59 PM
 #95

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
How  i wish you come back online now and see what is the answers about your question and to look at the market on how ethereum increases since you posted this.
Predicting the market rightly is difficult and not all investors can predict rightly but what I don't get is doubting if ethereum can sustain but luckily ethereum has proven the op wrong. I wished op invested at that time till date op would have made more profit compared to investors buying now with the problem of high transaction fee. From my opinion ethereum is totally different from other random coins and it's good for investing
I think OP is not completely wrong mate because the concern stands about the potential of ethereum and indeed that this has future and we have proven that  for how many years now , imagine that for how long that ETH proven its capacity so why are we doubting this?









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