Post
Topic
Board Mining (Altcoins)
Re: Are people really that ignorant?
by
Didz
on 05/06/2021, 19:34:47 UTC

OP so many people feel less concerned about the pending ETH PoW algorithm because ethereum team can't be trusted until they did what they promised, do you know how many years it's been since when ETH team have been promising proof of stake algorithm ??
I started mining back in 2017 and Eth POS was supposedly coming within 6 months, so yeah I understand.  It's like the boy who cried "wolf"  After a while nobody listens anymore.  But my point is that when and if it happens, it will be the end of gpu mining for 99% of people.  Of this there can be no doubt.  The gravy train will reach it's final terminus the day Eth goes POS.  So don't expect the salad days to go on forever.

it's already impending for time. they are even delaying it again i think by dec 2022. by 2022 they might again announce a delay because hey we're in transition to greener energy. maybe ETH will also be affected by this transition. if you have mined ETH since 2017 i guess you already have more than 32 ETH for POS node. 

just so your GPUs not goign to waste,  isn't XMR profitable as well for GPU miners?



Actually, based on whattomine.com in date of June 5th, Monero or XMR has a negative profit of -$0.54 for 3 GPUs 480 with an electricity cost of 0.1 $ Kw/h.