Ethereum mining is becoming less and less profitable. GeForce RTX 3080 will pay off in only 22 months, and GeForce RTX 3070 – in 20 months

If earlier, at normal prices for video cards, they quickly paid off when mining Ethereum, now the situation has changed significantly: the models do not pay off either in six months or a year. Moreover, we are even talking about versions of Nvidia video cards without protection against mining, that is, with one hundred percent performance when mining Ethereum.

Ethereum mining is becoming less and less profitable.  GeForce RTX 3080 will pay off in only 22 months, and GeForce RTX 3070 – in 20 months

A crypto enthusiast and miner known as ProTON has published an updated version of the profitability and payback file of most modern video cards. In the current realities of high prices for 3D accelerators and the increasing complexity of Ethereum mining, it will not be easy to recoup a video card. Even a relatively (very relatively) inexpensive GeForce GTX 1660 Ti will pay off in 17 months, and the top models with the highest performance in Ethereum mining will pay off in about two years. These models include the GeForce RTX 3080 and GeForce RTX 3090, as well as the Radeon RX 6900 XT.

Ethereum mining is becoming less and less profitable.  GeForce RTX 3080 will pay off in only 22 months, and GeForce RTX 3070 - in 20 months

In general, entering this business at the moment is rather risky. In addition, in about six months, Ethereum 2.0 will start working with the Proof-of-Stake consensus instead of the current Proof-of-Work, as a result of which there will be no need for the computing power of miners to maintain the network. Many hope that this can provoke a decrease in the cost of video cards.

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