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Why Profitability Of GPU Mining For ETH Completely COLLAPSED..



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Why Profitability Of GPU Mining For ETH Completely COLLAPSED..

Welcome back to Tech Center. Just one day after the Ethereum Merge, where the crypto coin successfully switched from Proof of Work (PoW) to Proof of Stake (PoS), the profitability of GPU mining completely collapsed. That means the best graphics cards should finally be back where they belonged, in your gaming PC, just as god intended. That's a quick drop, considering yesterday there were still a few cryptocurrencies that were technically profitable.

Looking at WhatToMine, and using the standard $0.10 per kWh, the best-case results are with the GeForce RTX 3090 and Radeon RX 6800 and 6800 XT. Those are technically showing slightly positive results, to the tune of around $0.06 per day after power costs. However, that doesn't factor in the cost of the PC power, or the wear and tear on your graphics card.

#GPU #Mining #ETH

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Cryptocurrency Mining
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