There are really huge amount of cards now. And miners becomes clever and clever. They mine profitable coins and swap coins then its necessary.
New algo cant change anything.
You make no sense , if eth beomes profitable again due to half the hash removed as asics are kicked that affects and increses the profitablity of ALL coins.
hash that comes back to ether is removed from other algos and coins which drops the hashrate there and with constant price more profit.
now if you had said all gpus will flee other algos due to the fpga and asic sccorge I would have given more credibity.
I can tell you this when eth forks other algos will fork too to stronger anti asic anti fpga algos so its a positive trend in either case
Ok, some hash will move from other coins to ETH and profit will grow for all coins. Then the miners will power on their rigs if profit will become nice again.
I dont believe in big profit for a year at least. It`s time to move out all the shit that came in crypto last year.
we all know they are followers not leaders, etc especially basically duplicates every change ethereum makes or at least follows a similar update pattern.
Thats what I am saying, it would be naive to think if ethereum successful forks to progpow and the hash rate goes from 270gha to say 150ghs, other coins won’t fo the same.
the precedent is there, after xmr forked to cn7 we saw a host of cn coins , pretty much all the profitable ones fork to different variations of cn. Even etn forked but had to fork back due to thier low hashrate being susceptible to 51% attacks becuse they never got thier targeting adjustments in