Post
Topic
Board Mining (Altcoins)
Re: Next phase for Ethereum Miner
by
Xazax310
on 18/05/2021, 02:05:13 UTC
I have been mining Eth since Sept 2017, and I have heard my share of GPU mining is dead POS is around the corner.  But I can honestly say that with 1559 this summer (July I believe) and the recent announcement that the diff bomb will be delayed until Dec 2021, we are looking at the dead of ETH GPU mining by the end of the year. 

And I have been reading the same news as everyone else that there is no minable coin we can switch our GPUs post post ETH POW that has the market cap to make GPU mining profitable.

So I plan on selling all my GPUs probably in the fall (while GPU prices remain very high) and would like to move to something different.

Question is what does that "new normal" look like.  It would seem to me the only real options if I want to stick with mining is BTC or XMR.  For XMR, I dont know of any profitable approach that gives a reasonable ROI, and for BTC its hard to get into with the high prices of ASICs for a hobby/home miner.

what are other ETH miners  thinking around their plans?

My plan, YOLO. Let the weak hands leave. The market will stabilize. Crypto's are the future.