Member-only story
Earn Money Mining Ethereum Before It’s Too Late
Ethereum mining is on its way out, but it’s not too late to partake
Ethereum has been a hot topic in 2021. A year ago, in October 2020, Ethereum was worth just under $400 per token. Today it is worth nearly $3,500 per token with many crypto enthusiasts bullish on its future value.
This isn’t the first time we have seen Ethereum reach such high prices. Ethereum peaked at nearly $4,200 in May and then retreated down to as low as $1,800 by July. Many factors play into the volatility of cryptocurrencies, however, Ethereum has recovered quite strongly due to the success of decentralized finance (DeFi) and the explosion of NFTs; these popular use cases for the network mean that there is a lot more driving the value of Ethereum than simply the prospect of a digital currency and investment opportunity.
With NFTs and DeFi keeping the network incredibly busy, the demand for miners to mint transactions onto the blockchain has remained very high. If you have been interested in mining Ethereum, it isn’t too late to still earn some ETH by putting your graphics card to work. In this post, I will briefly discuss how mining has changed since July, and then give…
