Post
Topic
Board Mining (Altcoins)
Re: Is GPU mining really dying?
by
Piskeante
on 23/12/2021, 17:22:26 UTC
Mining is already dead. It died the day ETH announced the roadmap for ETH 2.0 and going PoS just back a few months ago. They are planning on doing it, and they will do it. It will take 4 or 6 or even 10 months more (i think it will come in just about 5 months)

let's face it. The pump the youtubers have been giving to mining, the enormous amounts of videos in Youtube showing you how to do it (destroying the access skill necessary to set up a rig) and plus telling them how much money they were making for doing nothing but sitting in front of their computer watching their bank account grow bigger, HAS DESTROYED all the rest. Every single one of you is making less money every day, since we are getting less ETH everyday. There is no point in telling you my example. Everyone knows this is a fact.

I've been mining since 2017, with a natural -50% during bear market in 2018 when my electricty cost was higher than my income.

PoS is going to come, and THERE IS NO COIN that can cope with the atrocious amount of hashrate that it's already in ETH. No coin will survive the flood, and only those with already roi'd solar panels will be able to continue mining. Mining goes where there is a coin profitable. ANY , ANY , ANY COIN profitable will get absolutely recked the day after ETH goes PoS. This is a fact.

80 to 90% of all the small miners will have to capitulate, unless mining at a loss hoping for that coin to pump. Mining follows prices. Mining does not create value. it's the other way round. Plus the remaining PoW projects are just either too small, too undervalued or just too young to show a potential increase in value.

There will be no mineable coin that can do what ETH has done. Miners will NEVER EVER SEE anything like what we are living. 2022 will be our final. Now , the real deal , at this point is to sell your hardware at highe prices calculating how much money you can make mining ETH until it goes PoS to how much you can get by selling them. I have cards that i bought for 300$ that i can now sell for 900$.

If you think you are going to live from mining once ETH goes PoS i would say you are either an ignorant, or a mad guy. This is no future with this enormous amount of Hashrate. The flood will destroy it all.

Good luck.