Post
Topic
Board Mining (Altcoins)
Topic OP
ETH goes to PoS, who's up next?
by
OgNasty
on 28/04/2022, 20:17:11 UTC
Looking at the profitability of GPUs, I'm led to believe that Ravencoin may see a resurgence in price as miners are forced to move to mining it for revenue.  Surely there will be an impact.  I guess the question is if there will be demand to satisfy all the miners suddenly wanting to pull a ton of revenue out of the market.  In the past, when chains are forced to be the go to chain to mine, they've seen a massive price increase as a result.  This tends to go against common sense, but I think people likely take an investment in the coin they're going to be mining and that leads to the price going up and then profit chasers jumping in.  If this is indeed what we see for Ravencoin when ETH goes to PoS, I can imagine the price would at least 4X from it's current valuation.

Any other thoughts on the subject?