13 Nov This chart shows how cryptocurrency mining on your own is no longer profitable
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Source: Susquehanna
Cryptocurrency mining isn’t what it used to be.
Last year, the “mining” process of earning new cryptocurrencies using high-powered computers, then selling those digital assets, became a profitable side business for savvy entrepreneurs who set up the mining rigs in their basements and dorm rooms.
But that side-hustle is no longer profitable if you’re mining for the cryptocurrency ethereum using kits containing GPUs (graphics processing units). The profit per month is down for mining from about $150 last summer, to an estimated $0 for November of this year, according to analysis by Susquehanna.
In mining, machines run 24 hours a day,…
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