Quote from: poby on June 21, 2017, 02:45:37 PM

Quote from: grchina on June 21, 2017, 02:38:03 PM

And what you think will happen with difficulty on other coins when all that hardware from eth switch to them?You really think you will have current profit on etc?

This is what I don't understand. This kind of blind optimism divorced from reality. It is not speculation, it is a logical certainty that once eth profitability tanks, so will all the other cryptos. It's really really simple. It goes like this:

1. Most crypto miners are mining eth but..
2. When eth is no longer profitable...
3. They will switch their machines to mining any other crypto that are profitable, leading to...
4. Massive increase difficulty, resulting in...
5. Profits falling off a cliff.

I'm astounded how anyone can not understand this.

I just don't understand this kind of weird pessimism when you look at the history of cryptos. Everything does not revolve around Ethereum. A coin's difficulty/profitability is directly linked to a coins support and real world use. Why do you think ETH became so profitable? Because big players put big money into it, supporting it's development and adoption. The fact that it switches to POS is a different story altogether, but point is, if nobody was mining it, it sure wouldn't be where it is today.

If miners switch to another crypto once ETH tanks (if it does), then that coin will/might gather support, potentially getting a lot of attention from investors. Difficulty will rise, but that does not always mean profitability will tank, this is exactly what happens with ETH. I can see this happening with a lot of minable coins. And again, I might be a complete idiot with my blind optimism, but if ETC for example hits 100$ a coin, I'll be lmao. It's just a matter of gambling on the right coin.

Also, your "circle of doom" doesn't just happen in 2 weeks. It took ETH 2 years to get to the point where difficulty is becoming an issue AND they are artificially making it harder to mine to switch over to POS. This is plenty enough time to buy hardware and do your ROI.

I mean I don't get it, is you have such a doomed and pessimistic view of this, why are you even here? All cryptos are eventually going to be impossible to mine anyway, but that's just part of the game. Just enjoy it while it lasts.