Is Crypto Mining Still Worth it? Ethereum Merge Proof of Stake! Which crypto Miner Do I Recommend?
Hi there, I’m Crypto Miner and in this video I’m going to answer the question: Is crypto mining still worth it?
The answer depends on a few factors. First, the cost of electricity in your area. Mining for crypto requires a lot of power and electricity costs can really add up. Second, the type of crypto you’re mining. Some cryptos are more profitable to mine than others. And lastly, the type of mining hardware you have.
Recently, Ethereum announced that they are transitioning to a new consensus algorithm called proof of stake. This means that miners will no longer be able to mine Ethereum and will have to switch to other cryptos or switch to a different type of mining hardware.
So, is crypto mining still worth it? In my opinion, yes, it is still worth it, but it depends on the type of crypto you’re mining, the cost of electricity in your area, and the type of mining hardware you have.
If you’re looking for a recommendation for a crypto miner, I recommend the Antminer S9. It’s one of the most popular mining rigs out there and it’s very efficient.
I hope this video helped answer your question about whether crypto mining is still worth it. Thanks for watching!
