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Ethereum 2.0 & Mining for 2022

Scarlet Scarab

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So I know that Eth is moving from proof of work to proof of stake so you wouldn't be able to mine it anymore, they've been wanting to do it from day one I believe. And as far as I know, that's where all the money is currently for mining as Eth is quite a bit ahead of the rest.
They say it might happen around June so,

What do you guys think would end up happening, might it get delayed again?
Will we have a GPU selloff exodus a month or two before?
Will GPU mining stop being profitable for a while if it happens?
Would the move of miners to other coins make them harder to mine?
What would be best moving forward, sell equipment or continue mining hoping it doesn't get too bad?

Currently being lazy mining using Nicehash. Was gonna move to HiveOS once I build a proper rig but now I'm not so certain if its a good idea to keep investing in equipment.

Probing the hive mind of carb here, give me your two cents, I wanna hear it.
 

Confucius

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No one knows when POS will happen. Could be June, could be earlier, could be later.

It all depends on what’s your risk appetite.

Personally, my rigs, all 11 month and newer cards, have paid themselves off, so now they just doing what they do. I’m most likely keeping them.

I wouldn’t invest in more hardware though unless you can get them really cheap… which isn’t yet the case
 

TJ_Online

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I really hope it gets delayed,but yea it's hard to tell what will happen.If you are into mining for the long term and have cash you can burn i would only buy if it is a good price,but prices are not good atm.The are loads of other coins to mine,but profits will most likely take a big hit and maybe will get better again.Oh and the big reason i moved to Hive is because with loadshedding it is just much easier than Windows to start everything automatic.Much less downtime and crashes also.You do start to pay if you have a certain ammount of rigs on Hive but not that expensive for the OS you get.
 
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crackOlicious

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Whats the speculation on value when it does go pos? Think it will become more valuable or drop in value? I know technically it should increase but don't you think that's why it's popular and in turn has value, because people are mining it?
Once pos takes affect I think miners will move to another coin and that will increase its popularity/value.

Whats your thoughts?

Sent from my SM-A715F using Tapatalk
 

fishy

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Highly likely that PoS will be delayed further but I'd say new miners or expanders should plan for a PoS by July scenario, by getting the most efficient hash/kwh cards and consider risk appetite.

Immediately following ETH PoS, profits will be tight/non-existent for a short period. The sell off of GPUs will probably be very muted. I think most miners have paid off their rigs and won't feel obliged to sell their precious money makers, preferring to wait instead. The warehouse sized mining operations will anoint another PoW coin to mine and you'll see an outlier rise rapidly in price. Other coins will rise in value slightly as their difficulty goes up.
 

[email protected]

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Highly likely that PoS will be delayed further but I'd say new miners or expanders should plan for a PoS by July scenario, by getting the most efficient hash/kwh cards and consider risk appetite.

Immediately following ETH PoS, profits will be tight/non-existent for a short period. The sell off of GPUs will probably be very muted. I think most miners have paid off their rigs and won't feel obliged to sell their precious money makers, preferring to wait instead. The warehouse sized mining operations will anoint another PoW coin to mine and you'll see an outlier rise rapidly in price. Other coins will rise in value slightly as their difficulty goes up.
Just speculating but RVN seems to be favoured to be the next coin to mine...
Not sure on others, but from what I've seen current profitability isn't too bad at current rates(on RVN).
 

one2skipfew

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I was worried about POS all the way back in 2017, its been an ongoing topic until today. U mentioned June in ur post, last I heard was April and as mentioned no one really knows, but one thing for sure is that it really is close now as implementation in different parts have occured. I wouldn't say dont invest in hardware anymore, and I'd def recommend investing for people who have existing rigs that are paid off as your rate of return for 1 new card is being paid off by all the other cards you've already paid off. As for people who are starting from scratch you really gotta weigh in your investment and risks, but this thing of jus telling people not to invest isn't really true IMO. At the end of the day someone who is going to invest in something should have the capability to do some calculations and decide for themselves.
 

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