What will you do when you cant mine Eth anymore? - page 2.

perri

jr. member

Activity: 215

Merit: 3

Quote from: darkdude on October 14, 2021, 05:34:43 PM

Thoughts?

I have few things on my mind!

Turn all the GPUs to be fresh money, but I'm not sure for doin' something new.
Move to other coins might be worth it if most miners decided to stop (related to network hashrate)
Turn GPUs mining rigs into a brute-force rig.
If we know how to offer this service, it might be a good chance for ex-miner doing this business.

I'm not good at design, video editing, and such things. Outside my mind.

I don't decide yet what to do next if it happens Grin

CryptoATM

member

Activity: 368

Merit: 15

I have Vega graphic cards that are so good for ergo mining and I have 3070ti that is good for ravencoin, I will be good if ETH pow is no more but the chances still feels so slim to me cos PoW algorithm is the reason why ETH makes lot of sense since launch apart from smart contract ability.

pieppiep

hero member

Activity: 1596

Merit: 502

Maybe they will mine the other coin which compatible with their hardware and still earning the rewards. No matter what the coin is, if they can still be profitable from mining, they will not stop and search for the other coins. If they can earn big rewards from their hardware and the coin price suddenly increases, they will profit. After all, we do many things in crypto because of wanting to make a profit and if that thing is not profitable anymore, we can use the other way to keep the profit.

swogerino

legendary

Activity: 3136

Merit: 1233

I think RVN is really cheap in price and we may continue to mine it and hodl it hoping for much better price once a lot of Ethereum hash rate is distributed equally to RVN,ETC and ERGO as the top three that mining people will go after as soon as Ethereum goes PoS but I think until late 2022 or early 2023 this won't happen.

philipma1957

legendary

Activity: 4172

Merit: 8075

'The right to privacy matters'

Quote from: darkdude on October 14, 2021, 05:34:43 PM

I know we dont know when Eth 2.0/PoS is coming, but it IS coming at some point. Curious what my fellow miners will do when they cant mine eth anymore... I have heard people might mine eother PoW coins like RVN, however profits will be much lower due to the hash from eth will move to rvn to a degree (and the rest of the PoW coins). you could go ASIC SHA-256 route and taker a crack at BTC, but good luck trying to get your hands on a miner. There are some new projects like Chia and Helium which look interesting that have a different take on mining.

Perhaps you might take your eth you have and stake it, and if you have less than 32 eth, perhaps you will join a staking pool.

I for one, have not decided other than I know I would like to continue in some capacity with mining.

Thoughts?

“Dude eth will switch to progpow before it goes to POS”

read that and hope i am correct.

eth can’t possibly work as pos.

So if i am wrong and it does do 2.0 it will be the greatest crash and burn 🔥 item ever invented.

adaseb

legendary

Activity: 3738

Merit: 1708

Most likely if it does come, it will be time to turn off the rigs, disassemble them and sell the GPUs on Craigslist. Then maybe perhaps buy some Litecoin or Bitcoin ASICS and mine with those.

Sure there are other coins however there aren’t that many and that is the problem. Many coins are ASIC dominated and many others are unminable. So there is a small batch of coins left, all mid or low cap in value. And if everybody starts to mine those coins the profits will be so low that even with free or cheap electricity it won’t be worth the hassle.

darkdude

jr. member

Activity: 113

Merit: 1

I know we dont know when Eth 2.0/PoS is coming, but it IS coming at some point. Curious what my fellow miners will do when they cant mine eth anymore... I have heard people might mine eother PoW coins like RVN, however profits will be much lower due to the hash from eth will move to rvn to a degree (and the rest of the PoW coins). you could go ASIC SHA-256 route and taker a crack at BTC, but good luck trying to get your hands on a miner. There are some new projects like Chia and Helium which look interesting that have a different take on mining.

Perhaps you might take your eth you have and stake it, and if you have less than 32 eth, perhaps you will join a staking pool.

I for one, have not decided other than I know I would like to continue in some capacity with mining.

Thoughts?

Topic: What will you do when you cant mine Eth anymore? - page 2. (Read 357 times)