And these are only the miners of the ether
Bitpro Consulting analysts said that Ethereum miners spent $15 billion on graphics cards.
The fact is that gaming graphics cards used for mining are quite expensive and can cost up to $2,000. And with the fall in the value of Ethereum, miners began to see a sharp drop in income. Many even find it difficult to recoup their investment.
The upcoming transition to Ethereum 2.0 will further reduce the fees offered to miners, which will essentially make cryptocurrency mining not very profitable. However, mining enthusiasts are convinced that this will not happen soon.
Despite everything, the number of active users mining Ethereum has increased by 70%, experts say. And after the transition to Ethereum 2.0, mining machines will still be able to mine other less popular cryptocurrencies such as Raven, Grin, Dash, Monero and ZCoin.