Ethereum mining - Is it worth it?

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As you all know, Ethereum runs on a Proof of Work system. This means that miners use GPUs and ASICs to mine. If you have a bit of technical skill, it's most likely worth it to mine, as profits will usually be higher than the electricity bill. However, if you don't already own a computer with a GPU, it might take a couple months to finally break even and start earning profits. Also, GPUs are being sold for very high prices, or are even sold out because of their limited availability. This means you may have trouble getting your hands on one. 

By using a profit calculator like whattomine.com, you can see whether you will make money, or whether this will end up costing you more than you earn.

However, with ETH2.0 switching the platform to Proof of Stake, miners will either have to migrate to another coin, or stop mining and start staking instead. This means that purchasing a very expensive GPU may not be worth it if you never get to the point of breaking even before ETH2.0 comes out. There are plenty of guides on how to get started mining, and r/EtherMining is also a great place to start. Ultimately, it's up to you whether or not you're going to mine. You won't become a billionaire by mining, but you will certainly make some good side cash. 

I started mining because I had built myself a PC to use for gaming, but realized that when I'm not using it, I can mine with it to help bring in some cash. I have a NVIDIA RTX 2070 SUPER graphics card, and on a normal day I make around $7 from leaving my computer on. Electricity in my area only costs 9 cents in winter, so the electricity bill won't take too much away from my profits. Thanks for reading, and as always DYOR before starting your mining adventure! I linked a couple resources throughout the article to help out!

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