Re: Are ETH mining softwares offer real unlock solutions for LHR GPUs?

https://whattomine.com/gpus
Take a look at the profit calculator and you will find the answer to your question.
LHR video cards have a reduced sheshrate when mining Ethereum and Ergo, but the rest of the coins have no restrictions when mining.
Paying a huge price for a non-LHR video card should not be, because Ethereum mining will end soon.

Thanks for your answer.
In the next 10 months Ethereum merge might happened but we can switch our graphics card to another proof of work coin and RTX 3070 non-LHR video cards perform well with Ravencoin or Ergo and will still have a good resale value.

This is not good news for Ravencoin.
https://www.nicehash.com/countdown/rvn-halving-2022-01-10-12-00

Ergo coin mines worse on LHR video cards.
https://whattomine.com/gpus/48-nvidia-geforce-rtx-3070?cost=0.1
https://whattomine.com/gpus/64-nvidia-geforce-rtx-3070-lhr?cost=0.1

When a huge number of video cards start mining Ravencoin or Ergo, the profit will be very small.

I think it can be a good thing the Ravencoin's halving, if the price goes up it can easily compensate the halving.

All the other proof of work blockchains minable with GPUs are very small blockchains compared to Ethereum blockchain. When ETH will be proof of stake you will see all the hash rate get distributed and moving regularly from one PoW coin to the other but yeah I'm pretty sure the profit will never be as good as now.

My bro is a software engineer working for a DeFi company and he explained to me lately the latest developments in the Ethereum world and frankly these PoW coins like Ergo, Ravencoin etc. are simply not in the train in terms of future technology. Almost everything is happening on Ethereum blockchain (lately it's the Layer 2 boom https://l2beat.com/), the PoW coins are simple investment vehicles. Even Ergo doesn't have a lot of resources for coders, the vast majority of developers are on Ethereum.

Cardano coming soon will be interesting to follow because it will be possible to have your own blockchain... let's see. Pretty amazing concept that I don't understand all the details for sure hehe.

How many Ravencoins have you bought now to earn 100% profit in a few months?
I think you agree that "thinking" and "doing" are very different

I don't think PoW coins will disappear. Monero will be relevant for a long time.
But the further situation with video cards after Ethereum mining is very interesting to everyone.

I do think GPU crypto mining will remain for many more years but the profit will drastically drop for sure and from now I can tell without a doubt the future is Ethereum.

Maybe Cardano will become a competitor and maybe Ethereum will encounter challenges but if you analyze what is actually going on under the hood in the crypto world, I mean the latest and most exciting developments, Ethereum blockchain is almost always involved!!!

My biggest mistake in mining is listening to different predictions

There are a lot of coins, so you will have to spend more time researching and looking for new projects, because in recent years, Ethereum mining has made us lazy.
But there is still no exact information about the end of Ethereum mining.

It's possible that Ethereum merge will be postpone more than once next year but it is going to eventually apply the proof of stake consensus, question of time.

Forget it, the blockchains of the PoW coins we could mine with our GPUs compared to Ethereum blockchain are tiny tiny tiny. This is why I started to invest in PoS Ethereum nodes validator.