Post
Topic
Board Mining (Altcoins)
Re: Who is switching to what? Which coin will you choose to mine after Ethereum 2.0?
by
swogerino
on 24/08/2021, 11:23:08 UTC
Everything I have seen is saying most people will be switching to RVN or ETC potentially. When PoS is fully implemented there is going to be a period of time where there are massive shifts in hashrates on multiple coins as people move away from ETH and try to find what is most profitable.  While this may create a few weeks or months of uncertainty on which coin will be better to mine it could also provide a bump in price to certain coins.  If you happen to be stockpiling the right one from now till whenever PoS is fully implemented you could stand to make a nice gain.

This is completely untrue.

The way it works is that hashrate and difficulty follow price usually one way and not necessarily the other way around.

When hashrate goes up before price, it doesn’t mean the price has to go up with a certain coin. There are times in the past when this happened but it doesn’t mean it will happen again in the future.

I think it was just a coincidence that there was new ASICS released and Bitcoin just happened to have a massive rally in the next few months like in 2017 and 2020.



This is exactly true right now with Ethereum Classic,the hash rate has increased a lot yet the price has not done the same,sure it has increased a bit but compared to the increase in hash rate it is irrelevant.

The next best things for the moment to mine after Ethereum is Ethereum Classic,Ravencoin,Confux and Ergo.Out of all of these the one who is being mined heavily with 4 GB cards is the Ethereum Classic which is also the cause of this increase in hash rate.