After the transition of Ethereum to the Proof-of-Stake model, mining on video cards ceased to bring any tangible profit, regardless of which cryptocurrency to mine. This was reported by the portal Tom’s Hardware.
Ethereum has been the most popular cryptocurrency when using a GPU farm. After she changed the model, large capacities were released, which were transferred to the extraction of other coins. Due to this increase in hashrate, mining profitability has plummeted.
With an electricity cost of $0.1 per kilowatt-hour, most video cards will not generate any income. Some will allow you to earn $ 0.06 per day, which does not cover the wear and tear of equipment. The only option for miners to make money is to have a free source of energy, however, even here we are not talking close to the amounts that might be received before.
Ethereum switched to the Proof-of-Stake model following the release of the Merge update on September 15th. Unlike Proof-of-Work, miners’ earnings will now depend not on the performance of their computing equipment, but on the number of coins they have in their account.
