Reddit Why Mining Coins Vs Buying Ethereum

Last Updated on July 11, 2023 by Paganoto

Honest question. Mining vs buying : r/EtherMining – Reddit

Afaik ETH is most profitable atm. BTC is history. Other coins to mine once ETH goes PoS: ETC, GRIN, Raven, Monero, Zcash… lots and lots more.

Past couple of weeks were quite confusing for me. I have Rig based on 3070 Series (9 GPUs) (~0.2 ETH / Month mining) cost was about 9000$.

You are profitable from day 1. Because at the current time hardware holds its value very well and can resale for what i paid for it. If eth …

Once ETH goes POS, all those hashrate will get disperse to other coins. There is a very high chance that those other projects will not be …

My question is. When ETH is Profitable with every GPU why do people Mine anything else? Why Not they mine ETH and buy whatever coin they …

Ethereum mining no longer profitable for many miners as energy prices and ETH dip cause perfect storm : r/hardware.

Long term investing in good crypto like Bitcoin and Ethereum is no longer a gamble that it used to be, since we have somewhat of a reassurance …

So.. why not both. The difference is, you’re gambling for any profits you pull out. I’m not (at least not in ETH.) I’m long term and holding.

Hey guys. I was wondering if it’s better to buy ETH or Mine ETH? I know ETH is switching to POS eventually.

The crypto can be used to pay blockchain gas fees or network fees for their on-chain Community Points transactions. This process may be …

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.