Is crypto mining still profitable 2021?

The first phase of the upgrade began in December 2020 and the final phases are planned for periods throughout 2021 and 2022. While it’s still possible to mine ETH so long as the network uses proof- of-work, doing so will no longer be possible with proof-of-stake.

Mining Ethereum made increasingly more money over the course of 2020 and early 2021, with profits effectively doubling within a single month . During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain.

Monero (XMR) Monero is a cryptocurrency that uses the RandomX hash function. It is based on the CryptoNote protocol holding the utmost significance of equity in mining crypto. Monero is one of the top cryptocurrencies to mine in 2021, with more than $3 billion in market capitalization.