Quote from: spirali on August 18, 2018, 09:53:11 AM

Quoting Vitalik Buterin from https://www.forbes.com/sites/rachelwolfson/2018/08/15/vitalik-buterin-on-the-state-of-ethereum-the-future-of-blockchain-and-google-trying-to-hire-him/ : "The Casper protocol is getting much closer to being finalized at this point. Its just pending review on academic analysis"

For those who are not aware, Casper will introduce Proof of Stake instead of Proof of Work for ETH. So many GPU miners (especially on AMD chips) will naturally shift to XMR being the next most profitable coin to mine.

So my question is simple: what effect do you think will Casper have on the price of Monero?

Quote from: spirali on August 19, 2018, 10:59:54 PM

Quote from: Hueristic on August 18, 2018, 05:01:23 PM

Eth is proving time and a gain what a hyped POS coin it has always been and when the miners leave the price will just continue down the shitter as the Scam ICO's get shut down. So it should naturally turn people attention to solid projects such as this one.

I agree ETH looks overhyped. I invite everybody to look at http://bpeindex.com/ to understand how XMR is cheap at the moment...

No doubt Casper will attract GPU miners to Monero. But what do you think about the afflux of miners on the price of XMR (not ETH)? For example:

scenario1 = miners need to pay for their electricity bills in fiat, so they sell their mined XMR, which is driving the price down (miners sell, but don't buy)
scenario2 = miners need to pay for their electricity bills in fiat, but they sell their mined XMR at least at cost price which is ~143USD with current difficulty (~51,725,000,000) & $0.10 per KW/H & 1% pool fee. I know $0.10 per KW/H might sound high but I am including the whole cost. Watch https://www.youtube.com/watch?v=YLivTR3KBxs if you don't understand the global cost of mining for big farms
scenario3 = ?

I'd like to read various opinions of this community on this subject

Well, I might get the answer to my question even before the introduction of Casper as many miners switched to Monero since last week:

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart
https://www.coinwarz.com/difficulty-charts/monero-difficulty-chart

Let's sit and observe now.