Hello everybody,
I started mining ETH one month ago with single RTX 3080.I'm very new to all this and I still have lot to learn so please don't hate me if I ask stupid questions.
I know that ASIC was announced to be released in July and it will make mining more difficult for GPU miners.
I also know that transition to ETH 2.0 has began in December 2020 and we're in faze ''0''.
Some say that POW will end around 2024 and POS will begin.
I'm not too much familiar with things with going to POS and how less profit can I expect as time passes.
I have single RTX 3080 and I'm earning around $180 per month after I pay for electric bill.
I'm getting around 94Mh/s with my GPU and with current difficulty I get around 0.00460 ETH daily.
Since you're a lot longer in mining and have much more experience and knowledge,I would like to ask you to tell me your opinion if I'll have profit of at least $100 with payed electric bill in next 2 or maybe even if possible 3 years (I know 3 years is a bit too long)?
I don't plan to sell my ETH,but instead wait for value to jump for around $10000-15000 per ETH in around 2025. and then sell it.
I say $10000-$15000 per coin because that's what many say is realistic prediction.
So,judging by release of ASIC and transition to ETH 2.0 and POS,will I still be able to mine ETH with single RTX 3080 with success and decent profitability in next few years?
Hi, welcome to the world of mining! 94 MH/s is a lot of power as on date but things will not remain as it is in 2-3 years for sure! You can use the below calculator to see your profitability.
https://www.cryptocompare.com/mining/calculator/ethBut once ETH 2.0 will be launched, you will quickly have to find a new coin to mine because it will be moving to POS algorithm. I think the best way to make profit is to hold your ETHs for now and sell it at a higher rate in future. I see you are ultra bullish with ETH. While I don't think ETH will go to 15k in 3 years but it definitely has the potential to reach at least 5-7k realistically.
So mine whatever you can now and wait for a better time to sell and book profit.