Is it too late to mine Ethereum?

Yes but no . Ethereum is moving from Proof of Work (i.e. mining) to Proof of Stake (i.e. centralized holdings and not much mining) sometime in the future. The current estimated time for this change is June 2022, but that could slip (I think it was originally scheduled for January 2019 and we see how that went).

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Why is mining no longer profitable?

Due to the high cost and rising difficulty of mining Bitcoin , most miners today use something called a mining pool. Participating in mining pools is considered by many to be the only way for smaller miners to make any profit today, and even then it can be difficult to recoup the costs of equipment and electricity.

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How do you get 1 Ethereum?

The most straightforward way to mine ETH is by joining one of many Ethereum mining pools like SparkPool, Nanopool, F2Pool and many others . These allow miners to have a constant stream of income instead of a random chance of finding a whole block once in a while.

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