Hello guys,
I'm thinking about setting up a small mining farm in Malaysia. GPUs are cheap these days and power costs are low there, too. Although crypto currency charts have been going sideways for a while, I believe in the technology of blockchain and expect prices to rise sooner or later.
I am curious about your opinions: will future blockchain projects turn into proof-of-stake systems and make miners unnecessary? Or will mining rather be required to run those projects?
In other words: do you believe mining will still be profitable in future considering crypto currencies will continuously increase mainstream adaption?
Thanks for your insights!
Exl
Look at the Etherium.
If POS mining would be so productive and efficient, devs and stake holders will turn their chain on it in a minute. You might say: "They stuck cause of some technical problems", I will answer: "Devs would be working 24/7 if stakeholders wish so".
So, I think mining would be profitable BUT not for all crowd. Only as a business and if you will have some edge.