Post
Topic
Board Mining (Altcoins)
Re: eth POS mining end???
by
mak013
on 12/06/2021, 20:08:27 UTC
Surely. Such mining power will destroy any coin. The own chance - if the price of ETC will grew up in 10 times or higher, but i don`t see any chance for this.
It will not destroy it will like btc unprofitable to mine with gpus. You all know that it will take time to balance between miners. No profit miner stops mining. Im sure china asic miners also will stop as soon as 2.8Ghs=5$ until gets it balance between miners. We all seen in bearmarket asics were doing 1-5$ day and hashrate was low because few people mined and still there was coins making ok. lets see what happen end of this year.
Yes, miners will change coins to maximize profit. For GPU miners this is rather easy but ASIC miners cannot change algo. And there are not so much coins with ETHASH or ETCHASH algos. Of course, miners will stop mining if it will be unprofitable.