I'm trying to wrap my head around whether mining is still viable for the average user. Electricity costs seem to keep rising, and I've heard mining pools are even harder to crack into now. Does it still make sense for someone just keeping a few GPUs running at home, or is this more of a game for big operations with cheap power?
Blockchain mining still worth it in 2024?
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Honestly, I dropped mining back in 2022 when my GPU rig’s power bill hit $75/month and I was lucky to break even after pool fees. Even with Ethereum’s insane hash rate jump since then, the margins are brutal for home miners—ASICs and giant farms out West (where power’s $0.05/kWh) are just crushing it.
If you’re just running a couple of GPUs, look into hybrid setups: fold the rig into a home-automation project that mines when your solar panels overproduce, or switch to a dual-purpose coin like Kaspa that’s still GPU-friendly. Otherwise, staking or hosting nodes (even for smaller chains) usually pays more than raw mining these days.
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