Thanks - when PoW is done, is that only for Ethereum or is it also for all the other coins on that network?
it is good question
... I think it is only eth but I got no idea really ... I hope that ETC will remain mineable ... can somebody smart shed some light on it ?Nobody knows its an internal war, certainly POS is oligarchy while POW is equitable to little guys, but what difference does it make when there is a Chinese ASIC for all 10k shit-coins
Lot's of way to deploy your gpu rigs, I use them to hack bitcoin and once I turn off all my ETH miners, and deploy them to hacking btc, it will be a blood-bath of lost coins, In the past I kept my best cards like rtx-3070 where I can make good money earning ETH, but if they come out with a bitmain ETH miner, then our gpu rigs are worthless, they already have Z-asics, so zcoins are out, there is essentially nothing left other than hacking btc for profitablility
---- so why would GPUs become worthless when the ASIC miners come out? The GPUs still do the same tasks that they did before - ASICS will just do them better and earn more ETH more efficiently. Would GPUs somehow produce a ton less? Everyone is competing with everyone and if you're in a pool, then it's aggregated and split up based on hash rate?
Lastly a lot of people are just moving over to ETC ethereum-classic, as its the real deal, but doesn't have the $$$
IMHO there should be a ETH-CLASSIC2, where they fork right now, an the miners all move to this, that way we get the best of all worlds modernized ETH, but don't move to Proof of SNAKE ( rich guys controlling crypto )
Because the NEW ETH ASIC miners can generate 100X ETH over the GPU, so the GPU will have to move on, same thing happened when bitmain came out of Z-15 box, zcash, and horizen are now impossible to mine the profits went to zero
You can't compete with 10's of 1,000's of ASIC ETH miners, once they go online our GPU's earn ZERO from the pools.
Once all the ASIC ETH miners start running on our favorite pools, all us GPU miners will be feces on the street. The ASIC miners will be gods in the clouds.
Can't fight them join them, if your serious about mining ETH in the future, then order an ASIC box if your rich, and got connections. Tight supply as always.