Ethereum update: Profitability Question
So I’m well aware that I’m “late to the game” if you will, but I’m wondering what profitability is like (not just specific to ETH). I’ve been told that it’s not that good anymore, especially since the price dip. I’ve also been reading about the amount of ASICs and mining farms in the game, as well the talk of FPGA’s that are coming out.
I’m currently only thinking very small scale and building a one GPU gaming rig and mining to pay off the machine. But also looking for information on 6/8 GPU rigs are holding up and the future outlook of this route.
Would appreciate all feedback!
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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