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
there will always be coins which will be gpu mineable but the question is
if there are going to be profitable or remain profitable in the future
monero is one such example which will be mineable for the foreseeable future
eth is questionable when pos is going to kick in
and for others it is gamble to say as of now
anyway i have sold most of my gpus but i have kept a rig or two to turn on if the prices increases