Topic: In your opinion, which altcoin do you think is going to be the new king of POW (Read 744 times)

for the past profits we must have a new pow coin worth $1400 and that won't happen in the near future , or 70-80 % of the current gpu miners give up and sell thier rigs and this is more realistic than a new pow coin and that also will take some time

I have someone who use an agent in China to source for graphic cards, the GPUs will be sent to the agent location and he or she will be the one to do the testing and everything before shipping it to your location, the reason why this is a cool strategy is to avoid bad buys ASAP.

The smartest move would be for ETC now to fork to a ASIC neutral more egalitarian hash alorithm eg. progpow.

ETHW was solely created for the reason to give all the ethash ASICs more breathing room (or a prolonged life).
That is why it is all in chinese, China totally dominates the ASIC sector (monopol).

I think Kaspa and Flux are going to come out on top when the dust settles. both projects do something new/better/faster and both have great teams behind them. All these new ETH alike's are pointless money grabs just trying to profit off the panic. you can tell because Justin sun is involved in one. if Justin sun thought POW was a good thing Tron would be POW.

If things go that way is the perfect solution for everybody,for miners first who will have another coin at which they to point their hash rate and devices to and this will then dramatically reduce the ETC difficulty and people who would not mind making like 1-2 dollars less per day will still be able to mine ETC profitably.

If some new PoW coin takes the lead then it is only a good thing for this bear market we are already in,most likely EthW is the most promising coin right now but who knows what new coins pops up in such difficult times.

If the new ETH pow coin become useful for some reason then it can take the lead, it looks like miners are more interested in this over Ethereum Classic, since few days now ETC difficulty is reducing and ETHPow difficulty is increasing, I am not saying this is how things will play out I could be wrong but we will have an answer in coming months.

Ethw is in the same category as bitcoin gold but honestly probably worse.  The main use of ethereum is smart contracts.  Ethw doesn't even pretend to focus on that.  Its nothing more than a forked chain with zero utility and zero value.  A circle jerk of miners if you will

The price of the coin will not rise quickly. And if you are right, then as the price of a coin rises, its hashrate will grow with the arrival of new miners and the number of mined coins per month will fall. It is better to buy this coin now for 6-7 dollars.

I agree however it really needs a listing on Binance to have a future. Most of the whales trade on there. If it gets listed on Binance, it will have perp futures on many exchanges and I can see it being pumped in the near future. However its very strange that Binance creditted users, enabled withdraws but didnt allow trading.

There must be a good reason why they did this. Normally they instantely list any altcoins. This one being very popular they refuse to list it for some reason.

Right now if I had to choose I would go with ETHW.Why you may ask?That is simple because it has the lowest difficulty compared to ETC and ERGO and the price is super cheap.I know it got hacked pretty soon but that was on an exchange and not on your personal Metamask wallet so I would not care much about that news yet,one has only benefits to get from this coin if all the predictions come true and it goes like at least the all time high of ETC at 179 USD for a coin.Right now a 300 Mhsh rig does more than 4 such coins monthly,for the future it is the best investment anyone can make in my opinion.

cococoin

The alternatives to eth are not lacking obviously you will never have the same earnings i would say that you can easily choose between etc, raven, ergo, ethw i would suggest you try them all and see which is the most performing with your equipment

My minning Rig is working 2in negative conditions right now. Im thinking of turning off the half of it!!

the Merge s&uC7kS

i was thinking the same
the more things are different the more they remain the same

i know this ETH moving to PoS screwed us all
but its pretty much same story every Bear Market where mining becomes unprofitable !...

this is honestly my first mining cycle during a bear market so am freaked out due to my lack of experience.

second i am always told that during a bear market is the BEST time to build rigs

i HOPE you are right and pow is not out of business but really some folks here on the forums make u give up hope !...

i was asking for the next bull run will it still be non profitable in your opinion ?!>...

It is better to buy one or two video cards from sellers with good reviews, so as not to buy many video cards with defects. Now the markets for PC components are full of offers in all countries, because mining is unprofitable.
There used to be ethereum, but so far I don't see a replacement for this coin.

Online this risk is real but I don't buy a GPU complete mining rig online,there are enough in my country who want to liquidate their rigs after the Ethereum merge.I go to my local marketplaces and see ads there and I do a physical condition check together with a 2 to 4 hour test of the mining rig,how stable it is,if it runs well for 2 hours to 4 hours most likely it will continue to do so.

Nowadays I have seen ads who are still high in price as they may have not realized yet that their rig for example with 5 x Rtx 3070 who they want to sell for 5500 EUR is only worth now about 1500 EUR at an optimistic price.

With the way things are going I will be investing on BTC asic miners in future, I think I am done with pow altcoins that may decide to switch algorithms any time they feel like, only BTC, Dogecoin and LTC will forever be a pow coin, others cant be trusted now that regulation is getting more serious.

But how can you verify the actual condition of the GPU if you are just buying it online since most of the seller on item like this is from different country. Unless you can do meetup then it’s very hard to assure the condition of the mining rig without looking on it in actual performance. Buying this kind of rig even in salvage value is very risky because there’s a lot of scammer online that might sell you rig with hidden defects and just use this Ethereum merger hype as reason to sell his GPU.

Even if it was mined with there is no problem if the card has been taken good care by a good knowledgeable miner.I plan on starting operation soon of my rigs,well not that soon,in 1 January where we will have the 5x energy price removed by then.I even think to build a new rig now because I can buy a used one for 800-1000 EUR for like 200-250 Mhsh rig and I will not care mining at a loss because I know the bull run will come sooner rather than later despite no one expecting it nowadays.

I keep checking my classifieds and I am seeing 2 types of listings.

First is someone saying they will buy any and all mining GPUs. Saying why sell 1 by 1 when you can sell everything to them. They mentioned that they won’t pay inflated prices. Most likely buy GPUs at half price and flip on ebay?

Second is someone selling a GPU and every ad it mentions “never mined with”. So you know it was mined with.

Even if the price is 0.05, then this is also a GAME OVER.
Selling video cards for a good price is very difficult now, so it's better to hold on to them. But if you have already paid off your investment, then you should not worry too much about it. As long as the bear market, the price of graphics cards will be low.

Wait a year or two.

Wait a minute ! y would it be tough even in a bull market !? i was planning to save my cards for the next bull run ! r u saying its essentially GAME OVER for all PoW miners with power cost of 0.1$ kwh ?!...

The answer is bitcoin because it will forever be a proof of work coin, followed by doge coin, these coins cant decide to go proof of stake anymore in the future, unlike Ethereum, there are other altcoins that you can mine like kadena or Sero but I can't guarantee you that they won't switch in future.

None, until another bull market gets near, projects like Flux has good use case so they will be profitable later but right now they can't because we are in a bear market, you can either keep mining your favourite alt for long-term holding or quit as a miner.

For this to happen we need a new promising PoW which EthW seems to be the one right now although we are only in the beginning stage,we need one coin that will get a lot of the hashrate from ETC and ERG as these coins took the biggest hashrate from ETH after the merge happened.Only when such scenario will be real then we can see profitable mining again,right now we are seeing a lot of miners not shutting down their rigs yet as they think that maybe they will make money for the future despite mining at a loss right now,they already have the gear and maybe also the economic power to pay for electricity despite higher prices.

Communities like ours have to take back the narrative. Vast swaths of so called "crypto influencers" express apathy and concede to ideals of centralization and corporate greed while using ESF as some lame excuse that makes it okay. They blindly ignore what so many of us have learned to be an obvious red flag:

***Massively Premined Coins***

Ethereum is proving why we should always beware of the intent of those in power by way of their own tokenomics design.

These are the narratives that people who actually believe in crypto should be driving:

1) Proof of Work can be done efficiently. We can't let the narrative be that crypto Proof of Work is destroying the planet just because corporate industry has exploited ASICs.

2) Massively accessible Proof of Work available to billions of people will always be more decentralized compared to Proof of Stake ecosystems where:
        a) The only way to attain coins in Proof of Stake is to buy them from people who held coins before you or to buy enough coins to stake to garner rewards and
        b) Seizure of network control merely requires heist or purchase of native coins/tokens rather than the logistical feat of acquiring compute gear.

3) The dystopian reality and outcome of massively successful premined projects are
        a) A rug pull to miners who were early community founders and adopters of their ecosystems,
        b) Regulatory obliged corporate validators, and
        c) Censorship.

As far as which coin is best designed to lead us into the future of decentralization, scalability, and security, that's easy:

EPIC (Epic Cash) is proof of the possibility for energy conservation having designed a mining protocol that is predominantly mineable by CPUs and GPUs and adds the step of splitting the duty cycle so that either of the main components can only mine 48% of the day thus making it more than twice as energy efficient than any comparable coin on Randomx or ProgPoW. EPIC is actually profitable to mine above .1 kwh energy costs.

EPIC is not easy to mine but the juice is worth the squeeze. I've covered my CAPEX many times over mining EPIC and it won't stop.

I've done my fair share to get the word out. People will pay attention when it makes sense for them to do so.

Even in a bull market it'll be tough. Maybe if Elon pumps Dogecoin to like $10 a coin then all the Scrypt ASIC owners will be happy. However I don't see that happening.

For CPU mining there is Monero. However you need a good CPU for that.

Like the Ryzen Threadripper 3970x which is $2000 and gives you like $1/day before power. With a regular CPU you will make probably less than a nickel however.

Times are tough...

well, technically speaking, will there ever be a minable coin for 0.1+ kwh miners during bear market ? or will we be able to mine during a bull run only ?

what about CPU mining ? is anything mineable now adays ?...

Honestly I don't see any new POW projects coming out. Its been like this for many years. This isn't 2015 again where everyday you would go to "Annoucements" section and get to instamine a new coin.

Most projects go to an ERC20 token, and those are only presold. Then if the project launches their own chain, its always POS. One reason for this is due to greed. Why give miners money? Also its due to environmental impacts and how much waste POW coins are creating.

Largest POW besides BTC is probably Litecoin or Dogecoin. 2nd place is probably Ethereum Classic. Hashrate peaked at 300 TH/s and now its below 200 TH/s. Maybe if enough miners give up, then it might be profitable again.

Profit when mining this coin falls along with its price. If Ethereum has problems, then perhaps someone will pay attention to this coin. But the big profit for Ethereum miners was given by commissions in blocks that reached several hundred coins, and on Ethereum PoW Fork (ETHW) this will not happen for a long time.

I don’t like investing on this kind of project that surely been hyping only by miners. I mean this token now is simply Ethereum without it dapps and what will be the sense of its smart contract if all of its dapps running on ecosystem is already migrated on much better Ethereum blockchain. The main reason why merge occur was to solve the scalability issue of Ethereum blockchain due to flooded transaction volume. The only thing left on this token was miners that trying to convince to invest on token so that the token that they will mine will have a value. This is like the old Luna blockchain that leave by the main developer to start the new one.

I’m not buying this hype token or if ever I will be touching this, I will just purchased a couple of this for holding purposes but not for serious investment because people will surely leave this and go with Ethereum that supports by the one who make it popular which is Vitalik.

Now I want to ask the real question, does it make any sense to keep mining when the difficulty is higher? My aim now is lesser difficulty I don't care much about value right now but instead the coins have high difficulty, it doesn't look like people are selling their graphic cards to me, maybe it's still too early.

the ETHw is now a hot trend in CMC which is supported by many exchanges already. this will replace ETH position. but the king will still be BTC.

The miners will be happy to move to ETHw than going to LTC or other coins. It is unsure though if the ERC20 tokens will also migrate to ETHw. there will be major developments in this token and Vitalik is out of the picture. i guess making the team unknown will be much safer for ETHw.

Epic Cash

panic POW, that is the king for now. miners panic! their profit reduced to negative.

panic POW is sero carbon, just pull the plug and the gpus will be the coolest mining gear ever.

GPU POW right? because the king of pow will always be BTC unless it dies. Anyway, right now I have no idea, as long as the coin algo is asic resistant it has a great chance to take that spot, progpow seems good at moment.

Given that ETH POW was a joy for many altcoin miners for the past few year in terms of profitability and now that the merge is done, Which altcoin do you think will step up and fill the void left by the Ethereum network in the next bull run?