Post
Topic
Board Mining (Altcoins)
Re: ETH switch to PoS will kill GPU mining but everybody seems pretty relaxed
by
WellShyte
on 19/11/2017, 09:44:50 UTC
be scared then an quit , gpu mining is going NOWHERE in fact its making an even bigger com3back next year
its harder to centralize than bitcoin , x11 and scrypt so it will only get bigger as new projects are developed when eth goes away.

I was hoping wise minds of this forum will overturn my arguments and prove me wrong and I could go on building my awesome rig. That hasn't happened yet. You are very emotional, almost religiously defending your optimism. Numbers speak other language tho. The argument "there will be always other coins to mine" doesnt cut it. Just compare network hashrates. ETH has 100 TH/s, next contender is ETC with 8 THs, rest are even not worth mentioning. After ETH goes PoS, all of those gpu-s that are part of this 100 TH/s are goint to look for "other coins to mine". It's ridiculous. There's not enough money in other coins to make this computing power profitable. How do I get this through to you people? Let's try a simpler analogy:

There are two cities next to each other.

City 1 has 100 car repair shops (miners) that cater 100,000 cars (hashrate need).
City 2 has 10 car repair shops that cater 10,000 cars.

Now, all of the sudden, all cars in the bigger city cease to exist (ETH stops needing miners). According to your logic the 100 car repair shops in bigger city will be fine, because there will always be cars that need repairing in the smaller town.