Quote from: Chris Redfield on March 31, 2021, 09:23:31 PM

Quote from: zasad@ on March 31, 2021, 08:40:50 PM

Chris Redfield, if you think fundamentally, then the price of ethereum cannot reach $ 5,000 as long as the coin uses the POW algorithm.
The transaction fees will be huge, which will cause huge discontent. But after abandoning the POW algorithm and transferring all operations to the blockchain with the POS algorithm, the Ethereum price has no ceiling.
Don't think now that you will be mining after Ethereum. The end of Ethereum mining may be approaching several years

I would be happy to mine ETH as long as I can.
I'm thinking at long terms,so I would like to mine ETH as much as I can while it's in POW despite it can't reach $5,000 or so,and once POS time comes I would have decent amount of mined ETH,or at least I hope,so I would still hold it for some time until it reaches high price.
You said tha end of ETH mining may happen in several years,but among first comments devil2man said that ESIC is coming in July and it will have big effect in Crypto world and that ETH mining with GPU will end at latest by the end of this year.
I suppose you disagree with his predictions?

I adhere to market laws that say the number of mining devices will continue to grow as long as it is profitable. The more devices are mining, the less money you will receive every month.
I have seen Phase 1 test transactions where transactions can be processed using the PIC algorithm, but these transactions do not support smart contracts. The hardest part is Phase 2, when smart contracts will start working on the Ethereum 2.0 network.
And instead of speeding up work in this direction, the developers are offering hard forks for the Ethereum 1.0 network and level 2 solutions.