GPU mining could eventually be profitable after Ethereum moves to proof of stake
Ethereum is by far the most popular cryptocurrency for GPU miners. However, there is little time left for Ethereum in its proof-of-work state. It moves to proof-of-stake later this year when it merges with the beacon chain.What will happen to GPU miners, and where will the hashing power end up? There are plenty of options, but will any of them be profitable following a considerable increase in hashrate?
The decline in crypto markets has made even mining Ethereum unprofitable for many miners. However, after Ethereum moves to proof-of-stake, GPU miners will no longer be able to mine Ethereum. With the price decline, the increase in energy costs, and the merge date drawing closer, the hashrate of the Ethereum network has dropped dramatically.
Source
t.me/Mining_Crypto_Miner
