Ethereum 2.0 mining profitability

However, even if another rise in the value of Ethereum occurs, the merge will still end profitable mining . The difficulty bomb will make mining Ethereum essentially worthless, which means anyone currently mining ETH will either have to transition to a different coin or sell their graphics cards in favor of staking.10 Şub 2022

The release of ethereum 2.0 will altogether remove the proof-work-mining structure in favour of staking . This will make the traditional system of mining obsolete, and miners will have to move to staking if they want to validate transactions for block rewards and transaction fees.

Almost 19 million or 90% of bitcoin have already been mined since the cryptocurrency was launched in 2009. Even so, the final bitcoin will likely not be minted until some time around 2140 , according to current estimates.