Will ethereum be profitable anytime in the future? - page 2.

Mate2237

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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.

Romeotom

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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.

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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.

niall51

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

shinratensei_

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Quote from: kentrolla on December 17, 2023, 01:53:04 PM

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.

Quote from: batang_bitcoin on December 17, 2023, 06:30:06 AM

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.

carlfebz2

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Quote from: justdimin on December 19, 2023, 12:52:32 PM

Quote from: Dunamisx on December 18, 2023, 12:24:31 PM

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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Quote from: Dunamisx on December 18, 2023, 12:24:31 PM

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.

Dunamisx

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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

peter0425

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

try not to Mine mate instead why not invest in Ethereum to have a better result , look at the time now and the movement of Ethereum ,there is a good potential making good return in the next year because We know that halving is coming and the Bull will follow .

Quote from: Ludmilla_rose1995 on March 06, 2023, 04:44:15 PM

Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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.

All legit project always has potential in bulls , but of course there are some time to need before it happens.
trust crypto that you are holding , ethereum is better than any altcoin created .

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

all mining coin less profitable, because you have to buy hardware devices, not to mention electricity costs too. besides that, isn't ethereum going to be a pos coin this mean a stake coin, not a pow coin anymore, this mean a mining coin?

kentrolla

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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.

batang_bitcoin

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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.

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Quote from: sana54210 on March 05, 2023, 04:04:03 PM

Quote from: kotajikikox on March 01, 2023, 10:29:08 PM

Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

Don't know what made you ask about Mining ethereum when it wasn't available in our time now , and aside from that Mining is too expensive than its better to buy and hold.
though there are also available like what said above is staking so choose what to do or choose what best coin to change than ethereum.
and also like what I said? best to Buy ETHEREUM than mining as it is not available to mine now.

I remember there are some ethereum forks that you can still mine if you want to, even basically the same coin with different chain was handled for a while but didn't work. ETH is great coin to buy and hold, and it is even better to buy and stake as well, which would make it actually pretty decent thing to do and I would be highly in support of it.

I am not saying that it would be a terrible idea or anything like that, but it should not come off as a surprise to anyone that ETH is something that will be around for a long time so trying to make a short term calculation for it seems like a mistake in the end. I highly suggest making a very long term investment on it.

indeed it is better to buy and hold but Mining those fork coin? I'm not sure if this is literally a best interest for wanting to mine.
I would rather buy Ethereum and keep holding than doing such action that maybe more riskier than buying.
mistake will keep coming but never allow this to happen when you have a choice .

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Quote from: Almasani on March 05, 2023, 06:12:15 PM

Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

Ethereum miners are already thinking about alternative ways to generate electricity. They are no longer driven by electricity provided by the government. In general, they use solar electricity. This aims to avoid increased electricity bills. Automatically it is still profitable to mine Ethereum and Bitcoin. In addition, the high Bitcoin and Ethereum prices can cover the fees used during mining. However, this must be done for the long term. If Bitcoin or Ethereum miners cannot hold back the results of mining, of course the mining results obtained are not in accordance with the costs incurred.

You are aware that ETH can't be mined right now right? I mean the ETH that we all know of is simply just a proof of stake at this moment, and will stay like that, there are forks and alternatives which can be mined, but the ETH that we know, the coin that is ranked second in the market, is a proof of stake one.

However, I agree with the rest, the miners are using solar and wind energy a lot more these days and that's reasonable because at the end of the day we are talking about cheaper electricity in the long run, hell if they have any excess then they can even sell that. A wind farm that I know ended up using this method and making a good return for their excess energy.

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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.

Almasani

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

Ethereum miners are already thinking about alternative ways to generate electricity. They are no longer driven by electricity provided by the government. In general, they use solar electricity. This aims to avoid increased electricity bills. Automatically it is still profitable to mine Ethereum and Bitcoin. In addition, the high Bitcoin and Ethereum prices can cover the fees used during mining. However, this must be done for the long term. If Bitcoin or Ethereum miners cannot hold back the results of mining, of course the mining results obtained are not in accordance with the costs incurred.

sana54210

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Quote from: kotajikikox on March 01, 2023, 10:29:08 PM

Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

Don't know what made you ask about Mining ethereum when it wasn't available in our time now , and aside from that Mining is too expensive than its better to buy and hold.
though there are also available like what said above is staking so choose what to do or choose what best coin to change than ethereum.
and also like what I said? best to Buy ETHEREUM than mining as it is not available to mine now.

I remember there are some ethereum forks that you can still mine if you want to, even basically the same coin with different chain was handled for a while but didn't work. ETH is great coin to buy and hold, and it is even better to buy and stake as well, which would make it actually pretty decent thing to do and I would be highly in support of it.

I am not saying that it would be a terrible idea or anything like that, but it should not come off as a surprise to anyone that ETH is something that will be around for a long time so trying to make a short term calculation for it seems like a mistake in the end. I highly suggest making a very long term investment on it.

GreenStox

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I think mining is no longer possible since they changed the network to POS, so maybe there are other ways to make a profit apart from mining which is no longer possible.

kotajikikox

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Quote from: jadethompson on October 23, 2022, 12:57:11 PM

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

Don't know what made you ask about Mining ethereum when it wasn't available in our time now , and aside from that Mining is too expensive than its better to buy and hold.
though there are also available like what said above is staking so choose what to do or choose what best coin to change than ethereum.
and also like what I said? best to Buy ETHEREUM than mining as it is not available to mine now.

Quote from: KennyR on March 01, 2023, 07:35:09 PM

Whether it is ethereum or the rest of the altcoins available in the market. Everything rolls around bitcoin market, which means there is assured growth based on the movement of bitcoin. Not everyone understands it, and doesn't have the patience to profit.

all of us knew it but the problem is many don't wanna understand what does it mean so they choose to support shitcoin over Ethereum.

KennyR

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Whether it is ethereum or the rest of the altcoins available in the market. Everything rolls around bitcoin market, which means there is assured growth based on the movement of bitcoin. Not everyone understands it, and doesn't have the patience to profit.

Ethereum stands next to bitcoin in terms of marketcap. Often some form of FUD related to ethereum can be seen around. This is kind of panic development around the market. In terms of usage and project development ethereum platform is much used. For various reasons ethereum is to grow for sure.

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