The Bitcoin network will reach its maximum supply of 21 million coins, and miners will no longer be able to earn block rewards. This means that miners will have to rely solely on transaction fees for their income. The recent bear market has made mining Ethereum unprofitable for many miners, and when Ethereum switches to proof-of-stake, GPU miners will no longer be able to mine Ethereum. The hashrate of the Ethereum network has dropped significantly due to the falling prices, rising energy costs, and the upcoming merger date.
With the current prices, it is not possible for GPU miners to make a profit from mining any cryptocurrency. These miners will need to switch their graphics cards to mine other coins that are more profitable with their equipment, but these coins are much smaller than Ethereum and less profitable to mine. Fortunately, there are other chains that support GPU-based mining, so miners can choose to start mining other cryptocurrencies. Stephen Ross, principal infrastructure engineer at Republic Crypto, proposed a method of increasing mining profitability by transcoding video on the Livepeer network while mining Ethereum.
This could be a great way for miners to make a profit in the future.
