Topic: ETH switch to PoS will kill GPU mining but everybody seems pretty relaxed - page 3. (Read 2893 times)
November 19, 2017, 02:27:02 PM
According to the old plans, they already must switch to "pos", but moved plans, maybe the next date can not be switched.
November 19, 2017, 01:29:03 PM
There is always something profitable to mine. BTG is a good contender to ETH mining if it takes off.
^this
Im stacking up on btg while the diff is still relatively low, when eth goes, and more hash power comes prices will go up
its simple supply and demand, supply will dry up so less dumping more value econ 101
what is the average profitiability of a btg rig compared to eth?
http://calc.btgpool.pro/
rx cards are far more profitable on eth since they will mine zcash at 30 percent slower
November 19, 2017, 12:54:45 PM
There is always something profitable to mine. BTG is a good contender to ETH mining if it takes off.
^this
Im stacking up on btg while the diff is still relatively low, when eth goes, and more hash power comes prices will go up
its simple supply and demand, supply will dry up so less dumping more value econ 101
what is the average profitiability of a btg rig compared to eth?
http://calc.btgpool.pro/
November 19, 2017, 12:25:49 PM
There is always something profitable to mine. BTG is a good contender to ETH mining if it takes off.
^this
Im stacking up on btg while the diff is still relatively low, when eth goes, and more hash power comes prices will go up
its simple supply and demand, supply will dry up so less dumping more value econ 101
what is the average profitiability of a btg rig compared to eth?
November 19, 2017, 11:48:34 AM
Ethereum was very good for mining. But now there are many other coins for mining with profit. Of course mining profitability probably decrease two times at least, but it still will be high enough. The time of super-profits will over soon
November 19, 2017, 10:59:12 AM
POS= piece of shit
No pos coin does well.
Just put your money in US bond.
ETH SWITCHING will kill the coin. They will drag it out longer and xmr zec and btg will take over and replace it and I used and a lot in this sentence
No pos coin does well.
Just put your money in US bond.
ETH SWITCHING will kill the coin. They will drag it out longer and xmr zec and btg will take over and replace it and I used and a lot in this sentence
i AGREE they already lost alot of hash rate and momentum with thier last fork/payout reduction .. if you notice the ETH hashrate has actually gone down the last few months bascially flat
they go POS they will probbaly die IMO too
mhm......
5-8% maybe?
November 19, 2017, 10:54:15 AM
No one really mines ETH... There are way more profitable coins to mine. I dont see your correlation with GPU Mining Dying....
I got my numbers wrong last time so lets try again. Lets convert nethash to number of gpus, for simplicitys sake for example rx470
Some most popular coins amount gpu-miners - zcash, monero, etc
Zcash Nethash 335 Mh/s Hashrate per gpu 260 h/s Number of rx470 eqivalent gpus 1,300,000
Monero Nethash 250 Mh/s Hashrate per gpu 660 h/s Number of rx470 eqivalent gpus 380,000
ETC Nethash 8 Th/s Hashrate per gpu 26 Mh/s Number of rx470 eqivalent gpus 307,000
And ETH: Nethash 100 Th/s Hashrate per gpu 26 Mh/s Number of rx470 eqivalent gpus 3,850,000
So, claim that noone is mining ETH isnt exactly true.
There are a lot more algos... Lyra2v2 has the equivalent of ~800,000 pcs RX470 in hash-power on WhatToMine (adding up everything except Nicehash).
Go over to ZPOOL and you'll see other popular algos like SIB, Blake2s, Xevan, X17, Skein, Timetravel, etc, etc.
I believe soaking up the GPUs from ETH can be done... although I would bet a lot of them would just get sold off since the AMD cards aren't terribly strong on many of the other algos and AMD is the majority of ETH mining.
Sure... there is risk that ROI will go down, obviously, but my operation could take a 10x reduction in profit before it became completely useless (e.g. Power costs more than profit).
November 19, 2017, 10:51:09 AM
What news mate??
[/quote]
Google "eth swith to pos". Nobody knows when it will happen exactly but I think the probability of it happening within next few months is pretty high. They are already testing the soft.
November 19, 2017, 10:43:22 AM
So here I am, planning my new gpu mining rig, when I stumble upon this ETH switching to PoS news, and it's looking terrible for gpu mining. So I open the forums expecting a wide spread panic, but there are even now topics on front page about it. On other topics, hero members are expressing their belief that "gpu-mining will flourish in 2018".
What news mate??
November 19, 2017, 10:42:23 AM
I think there will be a lot of coin to mine .. Eth pos is not end of the earth 
November 19, 2017, 10:38:09 AM
The transition to POS is probably lobbying for the miners. I am not afraid. For me it would mean that this coin is for me ceased to exist. If I like a lot that Ethereum will die. If not then it means they are right. I still don't trust the Ethereum and therefore do not keep their reserves in this coin. Sometimes I produce and from the change in bitcoin. Now get another coin. It all depends on our actions.
November 19, 2017, 10:35:54 AM
let em go POS. without miners to hype their coin let's see how it goes. everyone is moving on to other projects.
November 19, 2017, 10:30:01 AM
I don't mind high risk if there's high reward. Right now mining profitability largely depends on coins value increase. If the price stays same and difficulty increases, ROI is nearing 2 years, which is not that appealing, considering the equipment might not live much longer. So profit largely depends on coins value increase, which in turn means buying the coin is pretty much as profitable as mining. The difference is lack of elbow grease and no risk of some huge turd hitting the fan (like 3.8 million GPU-s migrating to your favourite coins). Of course this is just my opinion, I created this thread because I thought maybe I'm missing something and my grim analysis is flawed...
November 19, 2017, 09:32:22 AM
op is determined to overthink things, no one can predict the future of course
but if youre that risk averse you need some phanton analysis to know if you shouls gpu mine or not
maybe you should trade
but if youre that risk averse you need some phanton analysis to know if you shouls gpu mine or not
maybe you should trade
November 19, 2017, 09:21:57 AM
I wonder when it be carried out.
Last year , they said eth will switch to POS but we are along with 2018 but no one can say exact date. I think it will be in 2019
Last year , they said eth will switch to POS but we are along with 2018 but no one can say exact date. I think it will be in 2019
November 19, 2017, 08:56:20 AM
FYI there are quite a few ETH based coins out there, DBIX,UBQ,EXP, etc just because ETH goes and everyone switches there such a variety of coins that it all comes down to what will be the most profitable coin at that moment when ETH does go POS. Then yes that coins hash is going to get hammered by so many miners switching over. In respect to other people are saying you are not understanding their point, there are SO many coins that when POS comes everyone switches and various coins go up, but its more spread out. i suspect others just might quit and sell, I'm sure a few have during the time of the byzantine Update, I didn't mine ETH i switched to Zcash, so I wold just look at that period and see where some hash power went to.
November 19, 2017, 07:31:03 AM
risk it or leave it but stop this bullshit im getting headache
Learn to differentiate between risk and negative outlook. I don't have a problem with risk.
November 19, 2017, 07:24:23 AM
No one really mines ETH... There are way more profitable coins to mine. I dont see your correlation with GPU Mining Dying....
I got my numbers wrong last time so lets try again. Lets convert nethash to number of gpus, for simplicitys sake for example rx470
Some most popular coins amount gpu-miners - zcash, monero, etc
Zcash Nethash 335 Mh/s Hashrate per gpu 260 h/s Number of rx470 eqivalent gpus 1,300,000
Monero Nethash 250 Mh/s Hashrate per gpu 660 h/s Number of rx470 eqivalent gpus 380,000
ETC Nethash 8 Th/s Hashrate per gpu 26 Mh/s Number of rx470 eqivalent gpus 307,000
And ETH: Nethash 100 Th/s Hashrate per gpu 26 Mh/s Number of rx470 eqivalent gpus 3,850,000
So, claim that noone is mining ETH isnt exactly true.
risk it or leave it but stop this bullshit im getting headache
November 19, 2017, 07:18:12 AM
No one really mines ETH... There are way more profitable coins to mine. I dont see your correlation with GPU Mining Dying....
ETH has a net hash of roughly 100TH which would equal 3.3 Mio GPUs mining at 30 MH/s (RX 470/480 or RX 570/580).
I suppose that most of these GPUS are in the team red camp. If ETH goes to PoS these GPUs will switch to something else but all Equihash coins are basically a bad choice.. high consumption and rubbish hash rate. Cryptonight would be another viable algorithm for them.
It would also be interesting to know how many of these GPUs are commercial/farms and how many are operated by individuals. Both have different thresholds on when to stop mining.
Over the course of the next 6 months I expect that everything stays relatively stable (similar to the period August-November)
November 19, 2017, 07:13:55 AM
No one really mines ETH... There are way more profitable coins to mine. I dont see your correlation with GPU Mining Dying....
I got my numbers wrong last time so lets try again. Lets convert nethash to number of gpus, for simplicitys sake for example rx470
Some most popular coins amount gpu-miners - zcash, monero, etc
Zcash Nethash 335 Mh/s Hashrate per gpu 260 h/s Number of rx470 eqivalent gpus 1,300,000
Monero Nethash 250 Mh/s Hashrate per gpu 660 h/s Number of rx470 eqivalent gpus 380,000
ETC Nethash 8 Th/s Hashrate per gpu 26 Mh/s Number of rx470 eqivalent gpus 307,000
And ETH: Nethash 100 Th/s Hashrate per gpu 26 Mh/s Number of rx470 eqivalent gpus 3,850,000
So, claim that noone is mining ETH isnt exactly true.
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