For the first time since 2020, Ethereum mining has become unprofitable for many miners connected to a traditional energy grid. The price of Ethereum has dropped below $1,250 while energy prices are skyrocketing. The average cost of electricity in states such as New England, Connecticut, Maine, Massachusetts, New Hampshire, and Rhode Island is over $0.22 … Continue reading Ethereum mining no longer profitable for many miners as energy prices and ETH dip cause perfect storm