Quote from: dmwardjr on June 08, 2016, 10:39:25 PM

Quote from: citronick on June 08, 2016, 08:24:14 PM

Quote from: dmwardjr on June 08, 2016, 08:06:10 PM

Quote from: sadyas on June 08, 2016, 07:09:39 PM

By the time you get the new card, you will mine the same amount with the same price as the difficulty will be much higher.

You have a valid point there. By the time they come out and a ginny pig spends $200 to find out if it will mine ETH and we get word of it, it's quite possible my 3,000 MH/s from 100 x MSI 390's will have mined approximately $10,000 worth of ETH at current difficulty, block time and price of ETH.

That's $10,000 towards a $34,000 to $35,000 investment. That investment could be paid off in 4 months.

I'm an ignoramus as to how ETH works. Any idea who or what determines when ETH changes from POW to POS? Of course, I could research to find out for myself. However, if someone knows the answer, I would appreciate the info.

I was researching this topic earlier this year and find this link best to explain POS/Casper and Life after POW.

http://ethereum.stackexchange.com/questions/3523/how-do-miners-profit-post-pos-if-at-all-how-will-new-miners-get-their-start-a?rq=1

Hi citronick,

Thanks for the two links you provided in your two posts. Much appreciated!

Earlier this year, I invested a handsome sum on my ETH rigs. With this POS thing looming. I did my own study --- I even drop a PM to Vitalik to ask him when is POS date and got no response (LOL... I am so noob)... after talking to several senior members who have rigs and farms themselves in US and Europe, I found the right strategy and exit plan.