What does the Ethereum Merge mean for Ethereum mining and GPU miners? Ethereum upgraded from proof-of-work to proof-of-stake, meaning miners will be out of work, and their equipment will be useless.

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But even then, profitability is in the pennies, well under the several dollars you could make mining Ethereum in the months before the Merge, depending on your hardware setup.

But even then, profitability is in the pennies, well under the several dollars you could make mining Ethereum in the months before the Merge, depending on your hardware setup.

Ethereum has been talking about phasing out GPU-based mining for years. ... As a result, the difficulty will increase a couple of times, and mining profitability on these coins will drop.

"GPU mining is dead less than 24 hours after the Merge," said Ben Gagnon of bitcoin miner Bitfarms in a recent tweet. "The only coins showing profit have no market cap or liquidity.

Multiple media reports that cryptocurrency mining using GPUs has become 'unprofitable' due to the execution of Ethereum's large-scale update 'merge'. On Thursday, September 15, 2022, Ethereum, the ...

Examples include coins like Monero (XMR) and Electroneum (ETN), which were designed to be more accessible for CPU or GPU mining. Lower Profit Potential: While these low-difficulty coins may be ...

Various hardware options like CPUs, GPUs, and ASICs offer different balances of cost, performance, and efficiency for ...