Post
Topic
Board Mining (Altcoins)
Re: ETH switch to PoS will kill GPU mining but everybody seems pretty relaxed
by
WellShyte
on 20/11/2017, 07:45:08 UTC
Where are you getting your information that ETH will go to POS soon.  Last I heard it was late 2019-2019?

Vitalik Buterin seems to hate miners......I believe he will go to POS as soon as he can.  I think he hates seeing miners make money and wants developers to make all the money.

Very hard to tell, there are so many different sources stating different things. Why do you think 2019? Where does that come from? Would be awesome if true.

I find it comical that the OP, a newb with 11 posts, posts some pretty short-sighted assumptions then gets pissy when people apparently don't disprove his nonsense... even though many posts have done exactly that.

One little nugget for you OP... if you are not already in mining (with paid off hardware, etc), you most likely will not be able to ROI any new rig you put together.  The only way current miners are able to stay profitable is to sell there old GPUs and turn around and build upgraded rigs that provide high hash-rate.  So for instance, the cost me going from a 6x R470 rig to a 4x Vega 56 rig is really only about $400 out of pocket. ($1800 for the Vega's less $1400 from selling off the 470's).  That new rig will get more than 2x it's current hashrate on all cryptonote coins which will enable me to ROI that extra $400 spent upgrading in about 2 months.  However, if you're builiding that 4x Vega rig from scratch you will be out of pocket about $2,500 and unless XMR goes to $1,000, you will never ever ROI that rig.

So bottom line... just give up lol.  Orvif you want to be smart just invest that money into coins and stop worrying about trying to figure out things you clearly have no comprehension of. ;-)

So I haven't been on this particular forum for a long time so that somehow devaluates what I say? Real mature.

P.S. Selling 6 rx 470 that has been tortured on full throttle 24/7 for 1400$? You have to be kidding me.