Will ethereum be profitable anytime in the future?

[Ludmilla_rose1995]

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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[tygeade]

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.

[kotajikikox]

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 .

[batang_bitcoin]

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.

[kentrolla]

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.

[cakravothy]

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?

[peter0425]

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 .

[Dunamisx]

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

[justdimin]

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.

[carlfebz2]

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..

[shinratensei_]

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.

[niall51]

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

[Dunamisx]

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.

[Romeotom]

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.

[Mate2237]

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.

[Sophokles]

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.

[kentrolla]

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.

[Dunamisx]

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.

[JeffBrad12]

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.

[johnsaributua]

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 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 . 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.