Is Ethereum mining still profitable?

Ethereum mining has emerged as a great way for individuals with powerful graphics cards (GPUs) to make some money while they aren’t using their PC. With congestion on the Ethereum network driving up gas fees, mining profitability has been fairly decent for solo miners although the average profitability has seen a dip .

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Can you mine Ethereum by yourself?

To join the mining pool, all you need is your wallet address. There is no need to sign up which allows you to mine anonymously . You will need to create a Crypto wallet to store your ETH if you don’t have one already. You can choose a software or hardware wallet depending on your preferences.

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Is Ethereum good to mine?

“Unfortunately, ASIC miners will see their rigs become obsolete when Ethereum 2.0 is implemented. … GPU vs ASIC mining. GPU miningASIC miningGenerally less expensive than ASICs but have less computing powerGenerally more powerful than GPUs, allowing for more time-efficient mining — but also consumes much more powerHow to mine Ethereum: A step-by-step guide – Business Insider www.businessinsider.com › Personal Finance › Investing

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