🔍Why is cryptocurrency mining on graphics cards no longer so profitable?
After the transition of Ethereum to Proof-of-Stake (2022), the profitability of GPU mining dropped drastically.
📉 What changed?
• Ethereum can no longer be mined, and other cryptocurrencies are less profitable.
• The complexity of networks has increased, and rewards have decreased.
• The rise in electricity prices makes mining less profitable.
⚡ What is the alternative?
Many miners are switching to data processing for AI and other tasks instead of continuing to mine cryptocurrencies.
