ETH mining is a bubble. The block time will get longer and eventually ETH will go PoS Unless ETC, EXP, or UBQ shoots to 10 dollars to help sponge the net hash from ETH you will experience a mining recession in a few months Also it is a matter of time till ZEC gets dumped to oblivion and that isn't the most profitable for AMD either
Since the ethereum dudes won't have POS ready for a year, they are going to delay the time bomb... and if they don't, when the hashing power switches over to ETC, it will drive up the price.
ZEC was high because of slow start but it has come down a lot. The inflation rate is not getting any higher, so this should be the bottom. Why aren't prices lower already? Why would it be dumped?
I know a lot of people like to hate on it ,but the logic isn't very good.
The ZEC price did a full vertical at under 30 back up to 40 because of whales. They can only afford that for so long and the only reason it went up at all since that time is because all alts were moving up.
ZEC will never be accepted mainstream by powerful governments because of the privacy options. Don't let the special interest fool you there. It wont get dark market use because for all we know the company has a back door on it. It's not decentralized and for the people. ZEC is just a speculators coin and only people pumping it think it will hit huge prices again but the utility behind the coin is too tainted for that to happen. ZCL/ZEN or XZC will do better at taking it over.
If Zencash grows fast as ZEC falls than we will be safe for Equihash at least. XZC might take over that niche instead and that won't be a GPU mining coin for us. DumpCash is marked for dumping
People mining ETC means more people will be dumping it, increased selling pressure. Especially farms that need to cover electric. Small miners make better holders.
Hi guys!
I currently have a gtx970 on my desktop rig and I'm mining only ETH. I want to buy another GPU and I wanted to ask whether another GTX 970 in SLI would be beneficial for me or should I opt for an RX 480? Would an AMD and NVidia card get along in the same rig, mining ETH? I'm waiting for other GPU suggestions if you have any.
Thanks in advance,
Andrei
You don't need SLI or crossfire for mining, you can mix cards.
Unless Groovy1962 is right about the ETH mining timebomb has been delayed, investing in hardware for ETH right now is foolish. Another factor is if ETH its self is a bubble but that is a topic for the altcoin discussion section far as going in depth on that one. ETH is largely an ICO and I don't speculate the prices on those
The 480 will hash more and consume less electric than the 970. Don't invest in hardware on a random whim. Put some consideration into whether or not this mining surge will last long enough for your hardware investment to profit. If mining is short lived you may be better off with the 970 since it can SLI for gaming and make 1/3rd to 1/2 an ROI at least. Alternatively you will be selling one GPU on the used GPU market if you mix them up and there will be lots of used RX cards. The supply of used RX cards will outweigh the buying demand