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Topic: Will ethereum be profitable anytime in the future? (Read 843 times)

hero member
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With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

If you change that to “investing in Ethereum” then yes it will be profitable because you’re talking about the second on the list of every cryptocurrency ever created. Matter of fact, it’s currently about 2.5x what it was when you made the post. And that’s not all because I believe we’re yet to see the best part of it.
I definitely agree with this statement ethereum is among the most reliable coin that haven't even reached its all time high the opportunity is still so wide with this coin, sure on the way of the last massive rally there will be some dipping and thats to be expected but anyone should know that ethereum is among the most reliable investment as of right now even the fact that there are so many etheruem being locked for the sake of L2 and its ecosystem speaks volume.
its quite different if compared with other high all time high coin that is high in market cap but having rather lacking in the ecosystem that there's no one using their ecosystem for real thing other than farming dapps.
the only hurdle that ethereum is having most certainly just the fact that there are gas fee problem that needs to be resolved which kinda choking the people inside their ecosystem even dencun upgrade won't do much since most of the time gas increase due to massive sudden flood of transactions.
sr. member
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After Bitcoin comes the name of Ethereum.  Already Ethereum has made a lot of name and is a successful trader coin.  Ethereum is the most valuable right now and it is expected that Ethereum will reign after Bitcoin in the future.  It is now clear that my future is very bright.  Because its price is very high now.  And even though it is an alt coin, it is much more reliable.  Ethereum is in the second position among trusted coins.  The answer to your question is yes Ethereum will be very profitable in the future.  Which has already started.
legendary
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Well we can buy 1 Eth now for $3600 but I do think this is a low price for the token. The all time high for the token is $4,878, I think we will see this number soon.
We have the Bitcoin halving happening in now ust 25 days. If you do think we are going to see more of a 'bull run' in this time well then we can think same for Ethereum.
There is 1 analysis that thinks we will see $5,000 price for ETH soon. https://www.tradingview.com/news/u_today:e5ac35d7a094b:0-ethereum-price-goes-bullish-as-analyst-predicts-5-000-eth/
sr. member
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With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
How  i wish you come back online now and see what is the answers about your question and to look at the market on how ethereum increases since you posted this.

but Mining Ethereum? that is always the question since mining needs a generous amount of electricity this is the reason why many miners stops operation and decided to just buy  ETH to keep holding.
sr. member
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Eloncoin.org - Mars, here we come!
With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

If you change that to “investing in Ethereum” then yes it will be profitable because you’re talking about the second on the list of every cryptocurrency ever created. Matter of fact, it’s currently about 2.5x what it was when you made the post. And that’s not all because I believe we’re yet to see the best part of it.
hero member
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It is POS.
And that means more and easier money for those that have been holding a lot of it because they can stake it to the pools or platforms that allows them to.
That's a lot of money if someone holds a lot of it and there's no need to think of it because of passive income that shall come to their accounts.
That is true but if you buy it when the network was congested this days, I don't think it will be profitable for you the person now because the amount you would got from the purchase when the transaction fee is high would be small and if you are buying small amount even big amount too. So investing in it now is not really encouraging until the price goes down. And as you said, foe those who have been holding it from the onset are the only persons that makes good profit from the market and not those who invested this year. I invested in it last week but I regret because the amount I got foe the investment or purchasing time was disappointed.
hero member
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It is POS.
And that means more and easier money for those that have been holding a lot of it because they can stake it to the pools or platforms that allows them to.
That's a lot of money if someone holds a lot of it and there's no need to think of it because of passive income that shall come to their accounts.
member
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Bitcoin crossed $70k today after being in a correction for the past few days. Almost all top-tier altcoins have started to pump, with Ethereum being no exception. Ethereum went above $4k when Bitcoin hit its all-time high this month. Although ETF news can have some impact on ETH price. Ethereum is over $36k today, but I think if we invest in the market now, when the bull season starts at the end of the year, Ether could break past records and enter new record prices. I am optimistic that Ethereum will be profitable by the end of this year or sometime next year.
member
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OP, no one knows what will happen in the future because if i do i will hold a lot of ETH in my custody waiting for that day. We are only but speculators here. In my opinion i still believe that ETH is a top coin and there is a tendency it will be profitable, not because it has been stopped form mining then that means it wont be used for its purposes anymore.

With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
This is still a big question in my mind, will ethereum return to ATH, because currently the price of ethereum is falling and with the release of ethereum PoW it might affect the price of ethereum in the future. ethereum holders should be more careful.
No doubt it will. Hopefully this year or next year. The release of the Ethereum PoW wont affect the price of Ethereum buddy. You are once scared of what will happen as an investor i understand. The same way we look at things are the negative side we should also try to look at the brighter side. The positive effect of the PoW on Ethereum.

sr. member
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I don't think is something that we need to debate about concerning ethereum because its going to be as profitable as ever before and even more in the future days to come, now we are getting closer to halving and the market is getting more bullish and we are already into bullrun, we can not say what may comes in next after this month because we are goin to halving circle and there will be much of market volatility and bullrun to the extent that many coins will reach their all time highs and beyond, just as we already have with bitcoin recently.
You are right sir, that a dump of ethreum is still selling even though retail and even though the gwei is expensive Grin because ethreum is a long-term token that is often used for all activities and is often needed to participate. Indeed, ethreum can only touch its ATH throughout history without too much fud and drama, even so it is still very recommended. Buy at a low price for me to save, even though before taking profit it is needed to claim another job Grin. the usefulness of ethreum makes the list of queue always crowded and I think it deserves to be called the best altcoin throughout history and throughout the conditions. More confident buying a little ethreum than billions of new altcoins for the long term.
hero member
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Leading Crypto Sports Betting & Casino Platform
If bitcoin can make profit from here so does eth. Eth ETF hype isn’t gone and the fud circling around eth etf is to create panic among the investors so that they can dump the market to accumulate more token in cheap price. I think right now we are at the local bottom and from here the only way is up so ot is expected for eth to make a new all time high.
when people or at least some media are fudding ethereum we can all agree that the same thing happened to bitcoin back then certain media suddenly come up with the news that bitcoin etf is not approved and suddenly the price dumping hard, that kind of fud is what people should avoid and should just ignore, there's no certainty about approval or not if there's no official statement is out so don't expect to know ahead because actually we don't have idea here.
the one that can approve the etf is the authority themselves so news about etf other than coming from the authority are definitely can be ignored completely its just bunch of fuds usually.
i think people that experienced fud in the middle of confusion whether the etf gonna be approved or not when we are still talking about bitcoin probably already getting used to some random irrelevant news and would straight ignore these irrelevant news.
hero member
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I don't think is something that we need to debate about concerning ethereum because its going to be as profitable as ever before and even more in the future days to come, now we are getting closer to halving and the market is getting more bullish and we are already into bullrun, we can not say what may comes in next after this month because we are goin to halving circle and there will be much of market volatility and bullrun to the extent that many coins will reach their all time highs and beyond, just as we already have with bitcoin recently.
hero member
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Eloncoin.org - Mars, here we come!
If bitcoin can make profit from here so does eth. Eth ETF hype isn’t gone and the fud circling around eth etf is to create panic among the investors so that they can dump the market to accumulate more token in cheap price. I think right now we are at the local bottom and from here the only way is up so ot is expected for eth to make a new all time high.

ETH had just started to rally that's when we can dip in the price of BTC affecting all the Altcoins and ETH being no exception. I think ETF thing didn't really kicked off with ETH price as it has remained independent of the whatever news going around the ETF but I am sure there is great opportunity for us to still latch into ETH and earn good profit as the risk of losing it all is very minimal to Zero just like Bitcoin.
hero member
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Eloncoin.org - Mars, here we come!
If bitcoin can make profit from here so does eth. Eth ETF hype isn’t gone and the fud circling around eth etf is to create panic among the investors so that they can dump the market to accumulate more token in cheap price. I think right now we are at the local bottom and from here the only way is up so ot is expected for eth to make a new all time high.
hero member
Activity: 658
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Eloncoin.org - Mars, here we come!
With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?
This is funny but it has small meaning. And apart from the algorithm and electric bills even the network congestion and the high transaction fee has also affected the coin. And just like I purchased Ethereum as the time when it was $3,700 and today it is $3,200 and that means I am at the losing side of the investment but that is not withstanding. I am investing for a long term investment so I still have  very big hope to make it in the future.

Those are are investing now in the Ethereum Blockchain will have profit in the future.
member
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This is proof you got it a long time ago because your post is old but the relative price of ethereum is now much higher. So if you were holding then then you got good profit today. However, ethereum has always followed bitcoin, so now the market is seeing massive growth. So if you buy at this time then there may be no opportunity to sell in future so you should wait this month then a good ath may be available in the market.
hero member
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★Bitvest.io★ Play Plinko or Invest!
With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

This is one of the challenge question you may want to ask upon a centralized proof of stake mining process like that of Ethereum, well i don't think this should be a serious concern because the people are used to it already and cannot afford having an alternative, that was the basis for his own project and it turned a success for him, you can realized that together with how Ethereum has been a global most leading altcoin and i don't think this can change anything about its approach from the use of PoS.
sr. member
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With change in algorithm and rising electricity bills can mining ethereum be profitable again in the future?

I don't think so because electricity bills are high and some changes to the ETH mining algorithm are not worth it because they don't cover the results in my opinion
legendary
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It would surely be worth hodling ETH until the bull run even I have come ETH saved and it's been a while but couldn't sell it off as I am yet to achieve the breakeven since I bought some during the peak of bull run, anything above $5k will make ETH portfolio profitable. But I am waiting for ETH to break it's previous ATH as I have hodled it for a while hence wanted to ensure I get the maximum benefit out of it.
the previous bullrun all time high was honestly so high that its gonna require sometime for ethereum to reach that again, honestly, I think it can be reached next year when after halving as you stated but even that im not so sure, but as long as bitcoin could breakthrough of its previous all time high I think ethereum will too.

The relation of electricity to Ethereum is void because of the change. I am still holding quite some amount of Eth and I am one of its believers because I know that it is going to be worth a lot.
Like now, with the coming bull run and people speculating about it that it may reach $7k-$10k. Well, if it goes $10k then no doubt that I will sell all of mine by that time or I think that even $7k is already worthwhile to take some profits and I'd do my shopping spree by that time.
if it truly reached that price then its gonna be massive, but we all know that might be kinda difficult considering the market capitalization that ethereum gonna have if reaching that high unless bitcoin is pumping its market capitalization i doubt ethereum could pull off since 3-4 x increase in market capitalization, because the more market capitalization the more money it required to pump certain coin.
but hopefully though that could be realized after all, im one that favour investing in ethereum.
hero member
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If you must fear any altcoins, ethereum should be the last you should have doubt about, not for anything but it's a digital currency that has hope and future, there's a strong dorminance in its consistencies and has high level of reliability, what we should be very careful now is about other cryptocurrencies that are just coming and keep getting pumped each time, they may bear the FOMO you're referring to when we Invested in them and don't know what may comes in next
That is because ETH is the biggest and most trusted among all the altcoins. We won't just doubt without any reason, but there must be a reason for it. The most common one would be is we think the crypto is about to collapse and will have no chance of recovery. There is also a reason behind it, like they have done a violation, or there is a glitch/bug in their system that seems unfixable any more.

Not all new cryptos that are pumping are a scam. They can be legit too and have a good technology behind them, for them to get a high demand. But you are going to be safe from any risk of these new coins, as long as you won't FOMO, and as long as your passion is already at the older and well-performing coins.
There are ones who would really be really securing themselves in terms of investment via with those established old coins in the market and there are ones who do really love to play with those small caps or new projects on which we could really be able to say that not all new projects turns out to be shit. We do know that we do have L1, L2 and now L3 and possible L4 in near future on which there would really be a continous development if we do speak about those projects and about on the future. This is why people or investors would really be trying out their best to  find with those potential coins
and this is why it wont really be that shocking that they would really be that trying to eye with those projects which does have that good utility.

Speaking about ETH then we wont really be so sure that there would be no other L1's that would be taking over and i do hear out some saying and rumors that Solana would be taking up the place?
I dont think that it would be so simple but we do know that flippening into this market would really be that possible and could
happen anytime. So we cant really be able to tell..
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