Post
Topic
Board Mining (Altcoins)
Re: Is GPU mining really dying?
by
Metroid
on 11/11/2021, 00:22:47 UTC
I'm a miner that stakes some coins like Cardano, Cosmos and Tezos. But the return of staking is VERY low, atleast for me. I calculated if I will invest $5000 into for example Cardano. I will get right now, 21834 ADA (price $2.24). I stake those at 4.91% in Exodus. I will get 1091 ADA ($2445) a year. It will take 20 YEARS to ROI Smiley

My mining rigs have ROIed like 5-7 times since 2017-2019. But that's mainly to the price increase, of course.


ETH going pos will not be any different. POS coins are like stocks, value from nothing, pyramid scheme. Stocks are also proof of stake hehe but for that to work sheeps have to keep buying in order to increase a value from nothing hehe