Will ethereum be profitable anytime in the future?

[jadethompson]

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

[1715356793]

1715356793

[1715356793]

1715356793

[1715356793]

1715356793

[Eternad]

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.

[passwordnow]

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.

[CryptoYar]

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

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

[JeromeTash]

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.

[Xal0lex]

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.

[jossiel]

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.

[goaldigger]

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.

[harizen]

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***.

[bitcampaign]

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

[Lagduf]

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.

[Captain Corporate]

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.

[South Park]

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.

[TelolettOm]

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.

[ethereumhunter]

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.

[Cryptomiles1]

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.

[indo1]

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.

[rodskee]

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.

[kapalmabur]

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

[irhact]

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.