Will ethereum be profitable anytime in the future? - page 3.

wiss19

sr. member

Activity: 2296

Merit: 348

Quote from: Xampeuu on February 25, 2023, 01:08:37 AM

Quote from: WatChe on February 14, 2023, 10:49:19 PM

Ethereum will be profitable or not depends on at what price you have bought it. Last year Ethereum went below 1000$ in the mid of year, anyone who has bought eth at that price is in profitable at the moment. This is very much true that price of all Alts including Ethereum is binded with bitcoin price moment. Ethereum can go up provided bitcoin also go up. There won't be any solo Ethereum flight.

I think patience when investing in ethereum is really needed, considering that this altcoin is the closest to bitcoin, so in terms of security, this altcoin is the safest in my opinion, and also if we can wait a long time with no certainty of time, I think profits will be easy to achieve . for example we buy now, then the possibility to fly is still open, considering that bitcoin has seen a recovery, although no one knows whether this is a correction or not

Not only with Ethereum but all cryptos requires it especially now that we are still in a bear market but if you don't have a patience, you can always switch to trading and just make use of the price fluctuations that happens from time to time. Bitcoin and altcoin are not the same, so don't say ETH is close to Bitcoin. ETH is actually the king of altcoins.

With that kind of reputation, we are sure that we are safe with ETH. Long term investment is not easy but there are measures that we can do to kill the boredom. About BTC, that the drop that it happened lately is only a correction. Once it's done, BTC will continue to increase and ETH can surely follow its path.

Xampeuu

full member

Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: WatChe on February 14, 2023, 10:49:19 PM

Quote from: monineklutak on February 03, 2023, 03:20:15 AM

When Bitcoin goes up it is also followed by Ethereum so with that moment Ethereum can overcome the previous ATH,
but apart from that Ethereum remains one of the viable options for investment and profitable,
We'll see how it develops and it's interesting to wait.

Ethereum will be profitable or not depends on at what price you have bought it. Last year Ethereum went below 1000$ in the mid of year, anyone who has bought eth at that price is in profitable at the moment. This is very much true that price of all Alts including Ethereum is binded with bitcoin price moment. Ethereum can go up provided bitcoin also go up. There won't be any solo Ethereum flight.

I think patience when investing in ethereum is really needed, considering that this altcoin is the closest to bitcoin, so in terms of security, this altcoin is the safest in my opinion, and also if we can wait a long time with no certainty of time, I think profits will be easy to achieve . for example we buy now, then the possibility to fly is still open, considering that bitcoin has seen a recovery, although no one knows whether this is a correction or not

WatChe

hero member

Activity: 1078

Merit: 566

Quote from: monineklutak on February 03, 2023, 03:20:15 AM

When Bitcoin goes up it is also followed by Ethereum so with that moment Ethereum can overcome the previous ATH,
but apart from that Ethereum remains one of the viable options for investment and profitable,
We'll see how it develops and it's interesting to wait.

Ethereum will be profitable or not depends on at what price you have bought it. Last year Ethereum went below 1000$ in the mid of year, anyone who has bought eth at that price is in profitable at the moment. This is very much true that price of all Alts including Ethereum is binded with bitcoin price moment. Ethereum can go up provided bitcoin also go up. There won't be any solo Ethereum flight.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: MiF on February 14, 2023, 04:55:12 AM

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

ethereum is not available for mining for now the best way to earn ethereum is to invest, do staking and trading, or hold it for a long term i am sure it will become a very big coin next to bitcoin in the future specially during bull season so there is no doubt that ethereum is profitable in the future.

I have never tried staking ETH and prefer to hold ETH in the medium or long term because looking at the current conditions, ETH has experienced a deep decline. So ETH can be a medium- or long-term investment while waiting for the BTC price to recover and start a rally to create a new ATH. And when that happens, I think ETH will be able to keep up with BTC's rise by increasing its price. And who knows, at that time, the price of ETH may get the latest ATH because usually, before or after BTC gets a bull run, there is an altcoin season moment that comes to the market. And this can make the price of ETH increase drastically.

MiF

sr. member

Activity: 1442

Merit: 258

Reward: 10M Shen (Approx. 5000 BNB) Bounty

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

ethereum is not available for mining for now the best way to earn ethereum is to invest, do staking and trading, or hold it for a long term i am sure it will become a very big coin next to bitcoin in the future specially during bull season so there is no doubt that ethereum is profitable in the future.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Well your topic title could be better in ethereum mining is mentioned in it, but to be specific in my answer I will like you to know several things that could help your understanding.
1: you have to u understand that Ethereum has moved from a proof of work algorithm to proof of stake.
-that is so ethereuem transaction does not rely on the computing devices to process and confirm its transactions, but rather depends on the stake liquidity to get the transaction confirmed and the reward for the transaction will be distributed among pool providers.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: fachant on February 09, 2023, 06:11:42 AM

Quote from: irhact on October 28, 2022, 04:34:35 PM

Ethereum has moved from PoW to PoS so the rising electricity won't have any effect on Ethereum anymore. The only way to earn Ethereum is through staking which doesn't require any electricity. I think Ethereum moving to the PoS was their best decision so far. Ethereum is more like the google of the cryptocurrency world. Majority of the projects utilized her service for whatever they intend offering so without Ethereum been compatible, many project will fail to exist and the so called better layer 1 blockchain aren't reliable as they're either too centralized or underdeveloped.
As for the price of Ethereum, it'll keep rising with Bitcoin just as we're seeing in the current bounce of the market. Ethereum has lots of trust from both VC and normal investors so it should definitely do well long term.

Before Ethereum merger from PoW to PoS there were predictions that price will shoot up soon after the merger but it never happend. Ethereum price just like other alts is linked with bitcoin price moment.

If you see price of ethereum in last three months then it has gone up but if you compare it will last one year price chart then you can see that in last one year Eth price has drastically declined from 3500$ to 1000$ and now at 1600$.

There is a significant increase which happened before and after it but that didn't continue. I guess all of it was only due to hype and excitement of the people but now they have woken up and realize that the upgrade is actually bad for ETH. ETH is a major altcoin so it can go on its own and won't totally depend on Bitcoin.

ETH can also control the altcoins. If its values goes up, they will also follow but if it goes down, the same faith they are going to face but we shall not worry because we still have a hope. We still have bitcoin on the side that can lift those poor altcoins once ETH has no power to do it. We have a bear run the past year so it's normal that ETH declined a lot but now the market is recovering so let's see if what faith awaits with ETH.

fachant

sr. member

Activity: 742

Merit: 252

Moonbet.io | Web3 Casino

Quote from: irhact on October 28, 2022, 04:34:35 PM

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

Ethereum has moved from PoW to PoS so the rising electricity won't have any effect on Ethereum anymore. The only way to earn Ethereum is through staking which doesn't require any electricity. I think Ethereum moving to the PoS was their best decision so far. Ethereum is more like the google of the cryptocurrency world. Majority of the projects utilized her service for whatever they intend offering so without Ethereum been compatible, many project will fail to exist and the so called better layer 1 blockchain aren't reliable as they're either too centralized or underdeveloped.
As for the price of Ethereum, it'll keep rising with Bitcoin just as we're seeing in the current bounce of the market. Ethereum has lots of trust from both VC and normal investors so it should definitely do well long term.

Before Ethereum merger from PoW to PoS there were predictions that price will shoot up soon after the merger but it never happend. Ethereum price just like other alts is linked with bitcoin price moment.

If you see price of ethereum in last three months then it has gone up but if you compare it will last one year price chart then you can see that in last one year Eth price has drastically declined from 3500$ to 1000$ and now at 1600$.

ItsCrafty

full member

Activity: 826

Merit: 135

Tontogether | Save Smart & Win Big

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

Ethereum has been migrated to Proof of stake and there will no issue of High electricity consumption and other problem which Proof of work facing. Here one thing we should know that ETHEREUM is now much centralized after POS which is not good and this is the reason we may not see biggest pump in price for some time but still buying Below 1500$ is valuable and can give profit in long term

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: ivankoh on February 06, 2023, 09:13:29 AM

Quote

More adoption can come and more price increases are also going to be expected for this especially now that most people will buy large chunks of eth and they will just hodl it strongly only to secure the network since it was now pos like I've said earlier.

Yeah, ETH 2.0's PoW to PoS transition is in the final stages. I think this is also the driving force for value growth by big injections. In terms of price effects, sometimes ETH has more traction than bitcoin, but generally it will move with bitcoin. At the same time, ETH's wide range of applications still represents its great potential in the future. Bitcoin halving, it will be big pumps and just hold ETH, profits will come I think

There is little doubt that during the next bull run ethereum is going to reach a new all time high, we just do not know how high it would be, and this makes buying ethereum at the current prices a very attractive proposition, now it is true that it is unlikely we will obtain the massive benefits we could have gotten in the past but profits are profits and anyone that has a good amount of savings can easily multiply them many times over during the next years if they invest in ethereum.

Psynthax

hero member

Activity: 2366

Merit: 504

as long as ethereum still below $2k just accumulate, doesn't matter if it's PoS or PoW it's all the same thing at the end of the day only the ones with wealth and huge chunk of capital could participate.
but we could still accumulate and wait until next bullrun comes that way we could get massive profit from our investments without even need to stake some massive money.

ivankoh

full member

Activity: 1428

Merit: 120

Sugars.zone | DatingFi - Earn for Posting

Quote

More adoption can come and more price increases are also going to be expected for this especially now that most people will buy large chunks of eth and they will just hodl it strongly only to secure the network since it was now pos like I've said earlier.

Yeah, ETH 2.0's PoW to PoS transition is in the final stages. I think this is also the driving force for value growth by big injections. In terms of price effects, sometimes ETH has more traction than bitcoin, but generally it will move with bitcoin. At the same time, ETH's wide range of applications still represents its great potential in the future. Bitcoin halving, it will be big pumps and just hold ETH, profits will come I think

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: uneng on February 01, 2023, 08:33:17 PM

Profitability of ethereum must come with the profitability of crypto market as a whole, always following the tendency of bitcoin. ETH is the strongest altcoin in the market, so besides bitcoin, there are high chances ETH can also overcome its previous ATH in a future bull run. Bitcoin is the king of crypto market and ethereum is the king of altcoins market, so it's natural to assume the investment is still hot and full of potential, although it should never replace bitcoin in an investor's portfolio.

Anyone thinking about creating a portfolio with different cryptocurrencies needs to add ethereum to the mix or otherwise they will be missing in one of the best coins this market can offer, now it is true it had suffered during the previous year and its transition to POS did not brought the growth that everyone as expecting, but we cannot blame ethereum for that as all the market failed to grow during that period due to the numerous setbacks we encountered at the time.

mdzahed134

sr. member

Activity: 2226

Merit: 259

Buzz App - Spin wheel, farm rewards

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

There are no way to mining it as like Bitcoin. You can just holding it, i would like to recommend for the long term investment in the coin because of it will increase slowly but you will get decent profit to keep storing in the long run because it’s considered most promising coin after BTC.

monineklutak

sr. member

Activity: 1890

Merit: 252

The OGz Club

Quote from: uneng on February 01, 2023, 08:33:17 PM

Quote from: kamvreto on January 31, 2023, 04:34:46 AM

Quote from: btc78 on January 31, 2023, 12:55:08 AM

just Buy instead of anything , better to buy now as it was very low and of course to expect a return in the future because this is the most promising coin from bitcoin .

It should also be noted that Ethereum has reached ATH at a price of $4891 and this is an extraordinary achievement. Currently the price of Ethereum is still around $1500. Ethereum is the most promising altcoin after Bitcoin and is the top Altcoin that can follow Bitcoin prices. There is nothing to doubt if buying ethereum for the long term. After Ethereum's move from POW to POS, transaction fees are also cheaper and the network is running well. In the future we will see that the current price is too low.

Profitability of ethereum must come with the profitability of crypto market as a whole, always following the tendency of bitcoin. ETH is the strongest altcoin in the market, so besides bitcoin, there are high chances ETH can also overcome its previous ATH in a future bull run. Bitcoin is the king of crypto market and ethereum is the king of altcoins market, so it's natural to assume the investment is still hot and full of potential, although it should never replace bitcoin in an investor's portfolio.

When Bitcoin goes up it is also followed by Ethereum so with that moment Ethereum can overcome the previous ATH,
but apart from that Ethereum remains one of the viable options for investment and profitable,
We'll see how it develops and it's interesting to wait.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: blockman on February 01, 2023, 02:15:07 PM

~snip~

OP may be confused what to answer. But the transition that ETH made from Post to Pow had positive and negative impacts. The majority can indeed mine without the need for mining rigs that are heavy and consume a lot of electricity, but besides that, Post is also not fully decentralized and Ethereum cannot be called a decentralized altcoin anymore. But the positive impact on the network is that it provides good transaction speed and lower gas costs. this is just the beginning and there are still updates to be made.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: kamvreto on January 31, 2023, 04:34:46 AM

Quote from: btc78 on January 31, 2023, 12:55:08 AM

just Buy instead of anything , better to buy now as it was very low and of course to expect a return in the future because this is the most promising coin from bitcoin .

It should also be noted that Ethereum has reached ATH at a price of $4891 and this is an extraordinary achievement. Currently the price of Ethereum is still around $1500. Ethereum is the most promising altcoin after Bitcoin and is the top Altcoin that can follow Bitcoin prices. There is nothing to doubt if buying ethereum for the long term. After Ethereum's move from POW to POS, transaction fees are also cheaper and the network is running well. In the future we will see that the current price is too low.

Profitability of ethereum must come with the profitability of crypto market as a whole, always following the tendency of bitcoin. ETH is the strongest altcoin in the market, so besides bitcoin, there are high chances ETH can also overcome its previous ATH in a future bull run. Bitcoin is the king of crypto market and ethereum is the king of altcoins market, so it's natural to assume the investment is still hot and full of potential, although it should never replace bitcoin in an investor's portfolio.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: blockman on February 01, 2023, 02:15:07 PM

OP posted once and never came back. The question is obvious for the majority that ETH is still profitable no matter what happened and despite many don't like the transition that has happened but yeah, has to quote that part of it's not mineable anymore.

Quote from: fmz89 on February 01, 2023, 10:59:29 AM

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

No ser, mining stopped and only pos which is you need to buy eth to stake and became validator, is more riskier than mining, so suggesting if you want doing pos, dont go pooling things, set up by yourself and dont rent private server, even raspberry can handle this with little tiny power

It's quite expensive if he's going to build his own. Those that have less will join the pools but how much in it is for them? I'd rather hold it on my own and do nothing with it.

When we do speak about mining then it would really be totally depending on electricity cost on where you are residing and if you are really that going for long term then it wont really be that a bad idea but of course you would need to pay up for the energy consumption + expensive GPU's if you are really into mining.

Not all would really be that having the capital on doing so and its true that it would be more better if you do just simply buy and hold it for long term rather than on making yourself do involved all the
hassle and huge expenses if we do speak about mining.There are people who are really that eager on mining it but well we do have our own choice and as long you are aware of the risk
then its really up to you.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

OP posted once and never came back. The question is obvious for the majority that ETH is still profitable no matter what happened and despite many don't like the transition that has happened but yeah, has to quote that part of it's not mineable anymore.

Quote from: fmz89 on February 01, 2023, 10:59:29 AM

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

No ser, mining stopped and only pos which is you need to buy eth to stake and became validator, is more riskier than mining, so suggesting if you want doing pos, dont go pooling things, set up by yourself and dont rent private server, even raspberry can handle this with little tiny power

It's quite expensive if he's going to build his own. Those that have less will join the pools but how much in it is for them? I'd rather hold it on my own and do nothing with it.

fmz89

legendary

Activity: 1764

Merit: 1002

Quote from: jadethompson on October 23, 2022, 11:57:11 AM

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

No ser, mining stopped and only pos which is you need to buy eth to stake and became validator, is more riskier than mining, so suggesting if you want doing pos, dont go pooling things, set up by yourself and dont rent private server, even raspberry can handle this with little tiny power

Topic: Will ethereum be profitable anytime in the future? - page 3. (Read 1010 times)