It was meant for today but devs have postponed it a day later on August 5th.I see the price staying at positive levels compared to Bitcoin which is going down and I think this is the reason for that however in many news I read it looks like many people are selling Ethereum.What are you guys doing and what are your preparations for this event?Personally I am stuck at mining as always and I do not see this event as a game changer but I want to hear some other views and opinions here.
Hooo yea! We are presently August 7, 2021 3:55 PM Easter time and ETH price is at $3,047.89.
Personally since EIP 1559 I have been making a little more money maybe around 5% increase in my daily revenue.
My strategy with the ETH I receive from my mining is that I convert it into Canadian dollars right away and invest 20% in the ETF QYLD which pays around 1% every dollar invested every month and 80% I pay my bills. With that strategy it's easy I simply mine the most profitable coin which is always ETH (except for a short period of time Ergo or other altcoin is more profitable but never last).
I will soon stake 16 ETH in Rocket Pool smart contract to run a node validator because on the long run I don't think Ethereum ecosystem will get dethroned, the community and fundations is simply too revolutionnary and Vitalik Buterin is a genius like Isaac Newton when he invented calculus in the 17th century and people back then didn't realized all the implications (calculus is now used in almost all science branches). I am a big fan of Vitalik. I think Ethereum blockchain is as huge as the discovery of calculus in terms of game changing for societies.
On the other side, the altcoins minable with GPUs are now investment vehicles and in my opinion they are here to stay to I am pretty confident after ETH 2.0, it will still be profitable to mine altcoins with GPUs but I am pretty sure it won't be as profitable as it is with the revolutionnary Ethereum ecosystem.