GPU Mining No Longer Profitable After Ethereum Merge
Even at a slightly positive net result, it would still take over 20 years to break even on the cost of an RX 6800. We say that tongue-in-cheek, because if there’s one thing we know for certain, it’s that no one can predict what the cryptocurrency market will look like even one year out, never mind 20 years in the future. It’s a volatile market, and there are definitely lots of groups and individuals hoping to figure out a way to Make GPU Mining Profitable Again (MGMPA hats inbound…)
Of the 21 current generation graphics cards from the AMD RX 6000-series and the Nvidia RTX 30-series, only five are theoretically profitable right now, and those are all just barely in the black. This is using data from NiceHash and WhatToMine, so perhaps there are ways to tune other GPUs to get into the net positive, but the bottom line is that no one should be using GPUs for mining right now, and certainly not buying more GPUs for mining purposes. [You can see a full list of the current profitability of the current generation graphics cards here.]
Read more of this story at Slashdot.