Is Ethereum mining profitable?

Is Ethereum mining profitable?

Yes, it is profitable whether proof of work or staking. For proof of work to be profitable, the cost of electricity needs to be around $0.15 and the GPU should work at a decent hashing rate.

For instance, you would need at least a GTX 1650, which functions at a hash rate of about 25.2 MH/S when mining Ethereum.

Using Ethereum mining profitability calculator, a used $180 NVIDIA GeForce GTX 1650 with a hash rate of 28.2 MH/S using the Ethash algorithm can generate a daily profit of $1.71 on a mining pool. That pays it back in 8 months.

However, a new $1755 NVIDIA GeForce RTX 3090 can generate up to $7.33 in profit per day.