The profitability of Ethereum cryptocurrency mining has halved in every week

There’s excellent news and unhealthy information for players this week as the worth of Ethereum has plunged, sending the profitability of the cryptocurrency favoured by GPU miners sharply down. The unhealthy information is that even with a big discount in worth, Ethereum stays a extremely worthwhile crypto to carry onto and proceed to mine.

The worth of Ether, the precise forex of the Ethereum blockchain, is creeping again up and over $1,600 USD on the time of writing, somewhat bounce from a plunge underneath $1,400, and nonetheless down on February highs of over $2,000—a latest peak within the crypto’s worth. 

BitInfoCharts graph showing Ethereum profitability overlaid on ETH value

Ether worth in USD vs. Ethereum mining profitability (Picture credit score: BitInfoCharts)

The worth of Ether is more likely to change significantly over the course of the following few hours, weeks, months, nevertheless—you actually by no means know with most cryptocurrencies the place they will be in every week’s time, and so they stay as risky an funding as ever.

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