Ethereum mining has simply declined a lot in recent days and really is not very profitable to mine currently if we live in a country like the United States or Spain, if we live in countries like Venezuela and Cuba we can simply make some profit, but really the changes in this Blockchain have declined a lot due to the bear market that we have been currently going through, I must not overlook the change that has occurred, ie, the Ethereum Merge has been something that from our point of view has been something that simply has not brought much value to mining, but on the other hand this was not going to last long.

Is it really profitable to mine Ethereum nowadays?

It really is not, we tell you that it is not profitable because simply the mechanism went from being Proof-of-Work (PoW) to Proof-of-Stake (PoS), what does this mean? That to mine Ethereum in the past you needed GPU and now to mine fractions of ETH you need to buy in some exchange and then put it in staking. This is all, I want to mention that it is not profitable at all to mine in countries where electricity consumption is very expensive.

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