Why risk ?
Its clear that you are late to the party.
Its clear also that when ETH will go POS most of the miners will stop.
And plenty of cards will be sold as second hands.
Is much easier and safer to purchase 16 eth and run a node.
Topic: Is it reasonable to start a new GPU mining farm right when eth 2.0 is so close? - page 2. (Read 454 times)
August 20, 2021, 03:18:36 PM
August 20, 2021, 11:00:19 AM
Its funny because I was asking myself this question back in Spring of 2016, "should I buy more GPUs since ETH is going POS in Summer 2016" and its been 5 years and technically still no POS. The point is that the devs are always late for their deadlines. It will be a few years before ETH POS is fully live. You got bigger issues right now to worry about.
First is obviously the lack of supply and high GPU prices. Second is the new ASICs coming out which will make difficulty even higher. Third is the price of ETH. There are many factors to consider. There is always going to be some form of risk. You don't want to invest $10000 in GPUs and then have to sell them on eBay for $5000. A loss is a loss.
And you are right. Those other PoW GPU mineable coins don't have enough miner revenue for all GPU owners to be happy. They obviously won't be a situable replacement.
There shouldn't be new ASIC miners if truly ETH is going fully PoS algorithm, ETH teams are deceivers honestly, I don't see PoW algorithm going away for years because there are just too many benefiting from ETH mining right now, Nvidia and AMD sells even better thanks to crypto and pretending as if gamers matters more lol, ASIC developers too they are Richy rich with ETH mining too yet they build new TH power ASIC this year, if this doesn't change your mind I don't know what will First is obviously the lack of supply and high GPU prices. Second is the new ASICs coming out which will make difficulty even higher. Third is the price of ETH. There are many factors to consider. There is always going to be some form of risk. You don't want to invest $10000 in GPUs and then have to sell them on eBay for $5000. A loss is a loss.
And you are right. Those other PoW GPU mineable coins don't have enough miner revenue for all GPU owners to be happy. They obviously won't be a situable replacement.
August 20, 2021, 10:29:01 AM
And you are right. Those other PoW GPU mineable coins don't have enough miner revenue for all GPU owners to be happy. They obviously won't be a situable replacement.
People think buying lhr gpus to mine rvn and other altcoins will be profitable in the bear market ehhe, in the bear market, there is no demand, nobody buys altcoins or cryptocoins because they know will be many months at least 24 months of misery, depression, and so on, gameover, not even eth is profitable, other coins will be a lot lot worse, lhr gpus will be sold extremely cheap. Bullruns all are profitable, bear market is the opposite, nothing is profitable, link which is sold around around 28 usd right now, crashed to 0.01, that is right one cent of a dollar hehe, you trolls have no idea what a bear market is.
August 20, 2021, 10:07:22 AM
And you are right. Those other PoW GPU mineable coins don't have enough miner revenue for all GPU owners to be happy. They obviously won't be a situable replacement.
People think buying lhr gpus to mine rvn and other altcoins will be profitable in the bear market ehhe, in the bear market, there is no demand, nobody buys altcoins or cryptocoins because they know will be many months at least 24 months of misery, depression, and so on, gameover, not even eth is profitable, other coins will be a lot lot worse, lhr gpus will be sold extremely cheap. Bullruns all are profitable, bear market is the opposite, nothing is profitable, link which is sold around around 28 usd right now, crashed to 0.01, that is right one cent of a dollar hehe, you trolls have no idea what a bear market is.
August 19, 2021, 11:09:41 PM
Its funny because I was asking myself this question back in Spring of 2016, "should I buy more GPUs since ETH is going POS in Summer 2016" and its been 5 years and technically still no POS. The point is that the devs are always late for their deadlines. It will be a few years before ETH POS is fully live. You got bigger issues right now to worry about.
First is obviously the lack of supply and high GPU prices. Second is the new ASICs coming out which will make difficulty even higher. Third is the price of ETH. There are many factors to consider. There is always going to be some form of risk. You don't want to invest $10000 in GPUs and then have to sell them on eBay for $5000. A loss is a loss.
And you are right. Those other PoW GPU mineable coins don't have enough miner revenue for all GPU owners to be happy. They obviously won't be a situable replacement.
First is obviously the lack of supply and high GPU prices. Second is the new ASICs coming out which will make difficulty even higher. Third is the price of ETH. There are many factors to consider. There is always going to be some form of risk. You don't want to invest $10000 in GPUs and then have to sell them on eBay for $5000. A loss is a loss.
And you are right. Those other PoW GPU mineable coins don't have enough miner revenue for all GPU owners to be happy. They obviously won't be a situable replacement.
August 19, 2021, 05:05:03 PM
"In January, 2022, at block 2,100,000 the first halving will take place and the reward per block will drop from 5,000 to 2,500 Raven. This will continue with each subsequent 2,100,000 blocks until the reward amount can no longer be halved."
https://ravencoin.org/halving/
I have the opportunity to buy video cards, but I do not buy them because the prices are very expensive.
There is no danger in buying new video cards now if you are willing to wait up to 2 years for a return on investment.
I want to look at the situation in early 2022.
Because I want to buy good graphics cards on sale when Ethereum mining ends.
https://ravencoin.org/halving/
I have the opportunity to buy video cards, but I do not buy them because the prices are very expensive.
There is no danger in buying new video cards now if you are willing to wait up to 2 years for a return on investment.
I want to look at the situation in early 2022.
Because I want to buy good graphics cards on sale when Ethereum mining ends.
August 19, 2021, 01:46:54 PM
Hard to say, powerful asics are coming for most popular coins, cryptomarket and mining market changes all the time, now a 3070 is giving some positive gains, in a month or so could be giving negative gains, I'd advise you to wait and when the times comes you then choose the best thing to do, dont plan something that might never happen, keep your money safe and wait patiently, dont be a sheep that pays 5 to 10x more than msrp for gpus and brag about it ehhe
The truth here is nobody knows anything about the future, cryptocoins could die anytime, never underestimate the power of the globalization and chain gov reaction procedures. I have been saying wait and buy coins once everything crashes 90% but then again after it crashes 90%, it could keep crashing to 99.99% and die out, my point is anything you do involve extreme decision making, the only thing that I'm certain is that this bubble will pop anytime, other than that I have no idea what is coming after.
Never put all your eggs in one basket is what i have been doing since 2011 and I have been doing great, be happy with profits even if they are small, better be in profits than debts.
The truth here is nobody knows anything about the future, cryptocoins could die anytime, never underestimate the power of the globalization and chain gov reaction procedures. I have been saying wait and buy coins once everything crashes 90% but then again after it crashes 90%, it could keep crashing to 99.99% and die out, my point is anything you do involve extreme decision making, the only thing that I'm certain is that this bubble will pop anytime, other than that I have no idea what is coming after.
Never put all your eggs in one basket is what i have been doing since 2011 and I have been doing great, be happy with profits even if they are small, better be in profits than debts.
August 19, 2021, 01:24:07 PM
No one gives the right answer or you aren't satisfied with the answer you got? ETH PoW algorithm isn't going to stop ETH team are just doing this for their own reasons, if ETH mining is going away why is big ASIC miners builders keep releasing newer ETH ASIC miners? They are rich just like Vitalik buterin and I'm sure they are in contact, the year that ASIC manufacturers stop making ASIC miners for ETH is when I will start believing that ETH mining is coming to an end
August 19, 2021, 01:20:06 PM
I know that this has been asked a billion times already, and I know that it has been talked about a billion times as well, but nobody seems to have the right answer. Everyone keeps saying that oh we may move to ravencoin or etc in order to keep going, but looking at their hashrate it is not even close, the hashrate at ethereum ALL will be gone with it, and it will be going to somewhere, and if you do it on the other two, you need the prices to go up insanely high to make it profitable.
So once again I wanted to ask this, if ravencoin and etc doesn't profit the miners, and if 2.0 comes and there is no mining ethereum, then what will the miners do? I really want to start a mining rig and then keep using it is profits to keep growing it, I have sufficient income to sustain myself so only thing I am expecting from my rig is to help me earn enough money to get one more and then one more and grow it.
However this is a long term idea and with 2.0 coming up in a year or so, I am not sure if it really worths it. Even the R&D guy on ETH development team said that it will be pretty hard to make profit after we hit 2022, and that scares me the most. What do you guys think? Should I go for it? It is going to be tough if I do it, but maybe it may work out? Or maybe it will suck after 2.0 and we will all lose money? What is your opinion?
So once again I wanted to ask this, if ravencoin and etc doesn't profit the miners, and if 2.0 comes and there is no mining ethereum, then what will the miners do? I really want to start a mining rig and then keep using it is profits to keep growing it, I have sufficient income to sustain myself so only thing I am expecting from my rig is to help me earn enough money to get one more and then one more and grow it.
However this is a long term idea and with 2.0 coming up in a year or so, I am not sure if it really worths it. Even the R&D guy on ETH development team said that it will be pretty hard to make profit after we hit 2022, and that scares me the most. What do you guys think? Should I go for it? It is going to be tough if I do it, but maybe it may work out? Or maybe it will suck after 2.0 and we will all lose money? What is your opinion?
Jump to: