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Topic: ETH switch to PoS will kill GPU mining but everybody seems pretty relaxed - page 5. (Read 2880 times)

legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
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  Grin
full member
Activity: 1148
Merit: 132
There are, have been, and always (?) will be profitable coins to mine. You seem to think everyone with a GPU mines on ETHash. Many people have already jumped off that ship into other algorithms!



BTG
newbie
Activity: 36
Merit: 0
There are, have been, and always (?) will be profitable coins to mine. You seem to think everyone with a GPU mines on ETHash. Many people have already jumped off that ship into other algorithms!

newbie
Activity: 14
Merit: 0
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". A reputable cloud mining sites are offering ETH mining contracts and state that "Should Ethereum (“ETH”) switch to proof-of-stake before the end of the term, we will use the leased hardware on a best-effort basis to mine the most profitable coin with that hardware for you". "Best-effort" being the keyword since after ETH switches to PoS, it will result in difficulties of all the altcoins going through the roof.

So what the hell is going on? Did everyone take the forget pill? How is everyone so oblivious?

Here are the hard facts:

1. ETH will switch to PoS soon
2. ETH network hashrate is many times higher than all other gpu-minable coins combined
3. After ETH completes switch to PoS, all of this hashrate will (try to) migrate to other gpu-minable coins
4. Difficulty of those coins will skyrocket, rendering gpu-mining obsolete or marginal

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