Looking at
https://etherscan.io/chart/hashrate
You can clearly see that almost everybody is powering up their rigs again. Pretty much as long as your power is $0.30/kwh or less, you are making a profit and this is based on the old RX series, some of the newer GPUs are even more efficient.
Hopefully this will last at least till Nov/Dec and not a couple weeks like last time when ETH boomed.
https://etherscan.io/chart/hashrate
You can clearly see that almost everybody is powering up their rigs again. Pretty much as long as your power is $0.30/kwh or less, you are making a profit and this is based on the old RX series, some of the newer GPUs are even more efficient.
Hopefully this will last at least till Nov/Dec and not a couple weeks like last time when ETH boomed.
with issues recently with ETH v2 testnet, maybe we get maybe a few months more of mining till 2021
https://cointelegraph.com/news/vitalik-buterin-ethereum-20-presents-a-much-harder-challenge-than-we-thought
More delays of ETH 2.0 would be great, but as I understand it, even when implemented, it will now be a hybrid method that still allows mining during a transition period. Many have speculated this could add 1-2 more years of mining for ETH. What i have not seen directly addressed is the whether or not the block reward for mining will still be a minimum of 2. If that is reduced to say 1 or 1.5, it may make it difficult to profitably mine ETH since the premium fee portion (addition) to current block rewards is expected to be significantly reduced with 2.0.
what if the hashrate of new cards can now do 100MH? may change your calculation hehe.
anyway, i like to point out that sometimes some miners are the last bagholders of their cards, the profit in between upgrades are better than one time selling. during upgrades high end cards is more easier to sell, you gan give very big discounts since the card ROI'd several times already,
miner1: hey kid wanna 100$ 1080ti?
kid: i can play a lot of cool games with that. thank you
miner2: hey kid wanna 20$ 470 4gb
kid: fuck that shit, what am i gonna do with that play angry birds?