Search content
Sort by
Showing 5 of 5 results by Vladimer95
Re: Who is switching to what? Which coin will you choose to mine after Ethereum 2.0?
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.
Oh I know my post was not implying that it would happen without a doubt just that it is a potential outcome. I dont think we have ever seen such a large shift in hashpower like we will see when PoS is finally implemented. There are a variety of potential outcomes I was just suggesting a possible one. While it may not be tied to price rising there will likely be a large spike in liquidity with miners selling more to pay the bills using certain coins.
I think it's true that the price of the coin will rise with the hashrate. Because as we know the price of first crypto Bitcoin is depended on it's demand. So the more people use the coin for transferring or mining the more price will go up, like we've seen on Ethereum, digibyte and siacoin examples.
Re: Who is switching to what? Which coin will you choose to mine after Ethereum 2.0?
And did anyone try to mine ERGO meantime? It's shown as really profitable coin but is it really like that?
For example today it make only couple cents less than ether.
Exactly, my eye are on ERGO Coin as we speak it's very easy to see that this is the next Ethereum in terms of minable algorithm I meant, this coin is capable of taking ETH hashing power and still survives because I believe this coin will join top 20 soon, the use case is just way better than many PoW algorithm coins I've seen For example today it make only couple cents less than ether.
Yeah, ERGO looks really good. I remember once when Ethereum profit dropped the same happened to ERGO , and the profitability of ERGO decreased by the same percentage.
So that's the problem we may be facing, profits will be much lower than now, at least in 2022...
Re: Who is switching to what? Which coin will you choose to mine after Ethereum 2.0?
And did anyone try to mine ERGO meantime? It's shown as really profitable coin but is it really like that?
For example today it make only couple cents less than ether.
For example today it make only couple cents less than ether.
Who is switching to what? Which coin will you choose to mine after Ethereum 2.0?
Really important question for ETHASH miners, which coin are you choosing to mine after the ethereum 2.0 comes up? There are options of:
- Ethereum cash;
- raven coin,;
- beam - and today some new coin came up to my eye name - Metaverse(ETP) - giving profits almost like ethereum.
What's your guys opinions? I think if most people will switch to ravencoin it will be much more profitable than ether and become more expensive than now, but the problems I personally faced was that it uses a lot of electricity.