Note that even with a slightly positive net result, it takes 20 to 70 years to recoup the cost of most graphics cards.
Just one day after the “merger” of Ethereum, during which the second most popular digital currency in the world successfully moved from Proof of Work (PoW) to Proof of Stake (PoS)the profitability of GPU mining “has completely collapsed”.
Speaking of which reported published by Tom’s Hardware after analyzing the data of the WhatToMine service.
So, if you mine Ethereum at an electricity cost of 10 cents per 1 kWh, the best results are shown by the GeForce RTX 3090 and the Radeon RX 6800 / XT. However, in their cases, the maximum earnings are only 6 cents a day. And this is despite the fact that the calculations do not take into account the cost of electricity and the wear and tear of the video card.
Even with a slightly positive net result, it would take more than 20 years to recoup the cost of most graphics cards, the publication estimates. Below is a table with the current prices of video cards (according to the eBay site) and their current profitability or non-profitability. In most cases, it is in the red.
The researchers noted that this is great news for those gamers who are planning to build a new gaming PC or upgrade an existing one. Soon on the secondary market it will be possible to find many high-end video cards, with the help of which cryptocurrency was mined.
At the same time, Tom’s Hardware has warned readers that the cryptocurrency market itself is extremely volatile and that there are certainly many groups and individuals hoping to find a way to make GPU mining profitable again.
The end of the month promises to be interesting for players. NVIDIA must submit its GeForce RTX 40 series graphics cards. In parallel, Intel is preparing to enter the gaming graphics card market with its flagship line Arc. Also, before the end of the month, the announcement of the new 13th generation Raptor Lake family processors.
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