Mining difficulties when Ethereum goes to POS - What are you going to do? - page 2.

Ayers

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Quote from: dexxa05 on April 24, 2017, 04:00:03 AM

Hi Guys,

You talk about alt coins that are more profitable ? Can you give us some example ?

Thx

with nvidia there are many more you don't mine ethereum with nvidia, check whattomine, but with amd etheruem with decred or pascal is the best, stick with that if you have amd, i hope that when ETH go pos, more money come in to help the profit of other big coins, or the hash will seriously kill zcash and lbry which are the other big coins

construktor

newbie

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I'm hoping it gets delayed, but if not, I won't panic and sell my GPUs right away. Test out other coins and see what works, trade to BTC.

dexxa05

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Hi Guys,

You talk about alt coins that are more profitable ? Can you give us some example ?

Thx

JaredKaragen

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Quote from: VoskCoin on April 23, 2017, 11:32:58 PM

Quote from: JaredKaragen on April 23, 2017, 08:48:23 PM

truncated

What do you choose to focus on mining?

What are your thoughts on potential overflow or hash rate on other alt coins then?

I look at it this way:
Presently I see a minimum of 5% pool hashrate, a high of 45%, and an average of ~15-20% pool hashrate.
If the pool jump up several GH, my profitability gets cut down to a smaller fraction... lets say an average of 2-5% max.

If the pool gets 1.5BTC/mo; and I am only seeing 5% vs the typical 15-20%; I am taking a major profitability hit just by the numbers.
I take into count the algo's profitability/mo as well as the other common factors in choosing what to mine.

We all know (the ones whom have been at it for a while now) that when pool hashrate gets above a certain amount; profitability can drop just because of network saturation (higher diff); profit does not linearly scale with hashrate... In a perfect worked it would, but that is not so in reality.
I see much better profits and the pools "run of luck" when the pool hash is lower, and I am a good percentage of that hashrate.

enhu

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Interested to know where the price should go because most of us must be hoarding to earn from staking. How much is required to actually stake their ETH? Anyone knew? I will probably sell the rest of my coins just to participate. But that is if the price will still be going up.

Amph

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Quote from: adaseb on April 23, 2017, 09:26:31 PM

All GPUs will be posted to eBay!

i don't think so, some huge farm can't take on small coins, therefore those farm only will be forced to sell their gpu

Searing

copper member

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Clueless!

I don't mine GPU's but curious how likely is Eth to go POS. Is it a done deal this summer or will they push this out years ahead?

I've a hard time from the sidelinse seeing how ETH could keep its value if they cut out all the GPU miner cheerleaders holding thier coin

Anyway, just wondering

RentGPU

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Quote from: Bustart on April 24, 2017, 01:38:24 AM

Quote from: philipma1957 on April 23, 2017, 10:51:34 PM

they are not switching to pos. that tactic is to scare away asic builders.

If some A-hole asic builder makes a killer eth miner they would switch to pos.

So unless the asic builder self mines on the sneak never announcing his miner Eth is not turning into a pos coin.

I have no fear if they do that. The real fear is WTF is btc doing with segwit and bu

as long as BTC has good value with most coins already mined and in a wallet alt coin will be fine.

Now if btc drops to 500 usd alts will be eff'd

Is it possible that some ASIC miners are already there and mine secertly. The difficulty is rising fast.

I don't think so , difficulty is rising due to large mass of new miners hitting the network everyday due to that 2x profitability right now , when the profitability returns to what it used to be before most of the new comers will sell thier rigs because they get in mining with false calculations , profitability will decrease because of difficulty rise or prices drops thats a fact.

Bustart

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Quote from: philipma1957 on April 23, 2017, 10:51:34 PM

they are not switching to pos. that tactic is to scare away asic builders.

If some A-hole asic builder makes a killer eth miner they would switch to pos.

So unless the asic builder self mines on the sneak never announcing his miner Eth is not turning into a pos coin.

I have no fear if they do that. The real fear is WTF is btc doing with segwit and bu

as long as BTC has good value with most coins already mined and in a wallet alt coin will be fine.

Now if btc drops to 500 usd alts will be eff'd

Is it possible that some ASIC miners are already there and mine secertly. The difficulty is rising fast.

VoskCoin

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Those are all some great points guys, so what is the next step for ETH - you think POS 2018 then or is POS truly an unrealistic dream

With all that hashing power dumped onto other Alts you think it has the potential to crash alt mining profitability as a whole or it will simply be a negative impact?

deadsix

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Fail to plan, and you plan to fail.

Quote from: philipma1957 on April 23, 2017, 10:51:34 PM

they are not switching to pos. that tactic is to scare away asic builders.
If some A-hole asic builder makes a killer eth miner they would switch to pos.
So unless the asic builder self mines on the sneak never announcing his miner Eth is not turning into a pos coin.
I have no fear if they do that. The real fear is WTF is btc doing with segwit and bu
as long as BTC has good value with most coins already mined and in a wallet alt coin will be fine.
Now if btc drops to 500 usd alts will be eff'd

That's not true Phil, ethereum WILL go POS, just not as soon as originally planned. Casper is taking longer than expected, as was the case with each major update, but it will come for sure.
Also its impossible to make an ASIC for ethereum owning to the ever increasing DAG, the closest thing to an ASIC that you can get is building MXM style cards into a large PCB, or do what Pandaminer did.

And Btc dropping will not have nearly the same impact on Alts as Eth going POS would. All the Eth miners will shift to other alts jacking up difficulty manifolds for coins that have only a few thousand people mining them right now, and will reduce profits to half or less for all of us. I just pray that day comes AFTER I have ROI'd on all my gear

VoskCoin

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Quote from: JaredKaragen on April 23, 2017, 08:48:23 PM

I don't mine eth.... I have always made more profit on other alts, not just the ones people swarm on. I also auto exchange my mined altcoins and always get paid and hold BTC.

So no need to think about eth for myself like everyone else; I have to consider the impact of the extra overflow of possible hashrate that will end up on the algo(s) I am currently mining.

What do you choose to focus on mining?

What are your thoughts on potential overflow or hash rate on other alt coins then?

philipma1957

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they are not switching to pos. that tactic is to scare away asic builders.

If some A-hole asic builder makes a killer eth miner they would switch to pos.

So unless the asic builder self mines on the sneak never announcing his miner Eth is not turning into a pos coin.

I have no fear if they do that. The real fear is WTF is btc doing with segwit and bu

as long as BTC has good value with most coins already mined and in a wallet alt coin will be fine.

Now if btc drops to 500 usd alts will be eff'd

newmz

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The road of excess leads to the palace of wisdom

There is still much argument over whether ETH can actually switch to POS and stay viable and stay decentralized.
With the current proposal meaning that only those with a very large stake will be able to "mine" my staking - this means that the ETH network will go from millions of points of security to only hundreds or thousands.

I unsderstand the stated or ostensible reason for POS - that it wastes so much electricity and is bad environmentally, but the ETH dev team has to be able to convince everyone that POS will be better and convince them in a way that maintains the value of ETH. If they can't convince most people - as soon as they switch to POS you will see a huge dump in price.

I don't know many of the technical details but I don't see any other major successful coin out there that is running POS. Correct me if I'm wrong about that. There are a few little ones.

I think the real world situation is that Vitalek, etc would like to make ETH POS but ETH is way too big as a POW coin right now - if they just try to force POS they risk killing it. Will they take that risk?

jwarren81

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I prefer nvidia cards so I've haven't mined Eth algo's in months. Lots of much more profitable coins and algo's out there.

adaseb

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All GPUs will be posted to eBay!

JaredKaragen

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My AR-15 ID's itself as a toaster. Want breakfast?

I don't mine eth.... I have always made more profit on other alts, not just the ones people swarm on. I also auto exchange my mined altcoins and always get paid and hold BTC.

So no need to think about eth for myself like everyone else; I have to consider the impact of the extra overflow of possible hashrate that will end up on the algo(s) I am currently mining.

VoskCoin

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So I was talking to my buddy about this. When Ethereum ETH moves to POS this year.. where will you / everyone turn their miners? Will mining alt coins as a whole become significantly less profitable? What do you think and why?

Topic: Mining difficulties when Ethereum goes to POS - What are you going to do? - page 2. (Read 5188 times)