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?
as long as gas fees from Ethereum are still expensive, you can still get profit from mining Ethereum, but if EIP (Ethereum Improvement Proposal) 1559 will happen, then of course gas fees from Ethereum will go down and it will make your income definitely decrease too, especially if ETH 2.0 will be launched in the near future, then you will not get income from mining Ethereum, so in my opinion it is better if you don't focus on mining Ethereum for the long term, but if EIP (Ethereum Improvement Proposal) 1559 unrealized and ETH 2.0 isn't launching in the near future, then you can still get a profit from mining Ethereum.