Is it more profitable to mine BTC or ETH?

Profit margins A strong market price and relatively low operating costs are among the main reasons that Ethereum mining has been generating more profits than bitcoin mining since last year.

Is mining ETH profitable 2021?

Mining Ethereum made increasingly more money over the course of 2020 and early 2021, with profits effectively doubling within a single month. During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain.

Which ASIC can mine Ethereum?

The Bitmain Antminer E9 is the world’s most powerful Ethereum mining ASIC. Bitmain has launched a new ASIC tailor-made for Ethereum. It can hit peak hash rates of 3GH/s, roughly equivalent to 32 GeForce RTX 3080 graphics cards.

What is the difference between ASIC mining and GPU mining?

Additionally, GPUs are not standalone devices; whereas ASIC mining rigs usually require only a power supply. Ethereum developers announced that in the coming months they plan to move away from the proof-of-work system and institute a proof-of-stake system for mining.

Is it still profitable to mine bitcoin and ether?

Mining Bitcoin and Ether can still be profitable, as long as you know what you are doing. Make sure you utilize cheap electricity and purchase proper hardware. It is possible to further increase your profits after you mine the best cryptocurrencies.

Is it profitable to mine Ethereum with an ASIC?

More significantly, it is remaining profitable despite the fact that 4GB GPUs can no longer mine Ethereum – new coins such as RVN and ERGO are highly profitable for them. ASICs – Sure, they’re more efficient…per hash. Again, are you mining hash, or are you mining crypto?

Is it possible to make money with GPU mining?

In order to maximize your profitability with GPU mining, you need to mine the things that other people aren’t mining. Optimize in ways that no one else is talking about. Take chances on things that other people don’t even know about. If you’re up for that and have the patience for it, it has been almost impossible not to profit with GPU mining.