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PoS then a dash to dash i think? Why don't we have a fork and start a miners coin? I know no one can see the future but there is another big sub prime bubble about to happen in motor vehicle finance sector. Will the banks that are over leveraged be bailed out again? Exciting times for crypto. Having a hard time finding peers using 1. At current eth prices anyhow. And with Bitcoin stealing the lime light There is not much information about PoS. It looks like you're new here.

If you want to get involved, click one of these buttons! June in Mining. When I look at the network hashrate chart its not profitable anymore. Early PoS will be released. And I need to get atleast all my investments back.

I think its a better Idea juts to buy right now for 20K Ethereum and lets see what the Future will bring. There's any number of ways of looking at it, but yours is certainly a very valid one.

It's obvious to me that some deep pockets are starting to jump into eth mining, given the recent rapid rise in network hashing power and difficulty. I defently agree, but at the time when the rx will come out there will be a price drop of all other high end AMD cards. I will look forward an buy some used cards at that time and let them work till they switch to pos. And whem the switch to POS is done i will remove the cooler on the cards and cook some steaks: Yeah your power is around 0.

Very soon it might not be profitable for you. Maybe get it hosted at work or at some friends house who has electricity included with his rent. Mining is a long time investment, high-risk of corse. Then you can mine until it will be not profitable and sell your eq or wait for another coin. Probably there will be another coin, as always. June edited June Empty blocks are not good for eth miners. Given that it will go to PoS i would not build rigs in your position. Having Eth is one thing, but try finding a way of using them?

Post edited by greenuser on June I recall people saying pretty much the same thing a few months ago Yea I plan to keep mining until it does not make a profit.

Right now the ETH generated is about 6 times my electrical cost. I also see that when the 2GB limit hits that at least half of the miners will be stopped. I have stopped building new rigs for myself as I am waiting to see how the R9 does, it should be a bit faster and use much less power.

I think that the price will follow the hash rate increase Have you found blocks lately? I may have found a few Too many empty blocks though. People need to use eth more and fill them up a bit. Network stability should be preserved. And then after release new ASICs diff will still grow exponentially. That one of the scenario. It will be interesting times for crypto Xylocaine Will you be buying a S9 with your eth harvest?

I never mined BTC before 'cause I love rigs - there is a lot more fun with it and way more flexible. I don't see why people thing BTC is going to double in price. The general thought seems to be that the supply will go down, so the price must go up. But the supply isn't dropping dramatically, only the rate that the supply is increasing is going down. And applying any modern economic theory to a completely new monetary technology seems a little unreliable.

Then again, the market seems to be run totally on emotion, so maybe it will double Have been pool mining for last 24h. Everything is growing too quickly, well all but the price. If the price goes up enough i will switch back to solo. I run the numbers daily.

That's my conservative estimate. What do you think the reward will be at PoS? Plus who will get it? The validators get the reward plus the transaction fees.

There is talk of pools forming, where the pool is a validator. If you read the Ethereum Blog authored by VB not too long after the Homestead hard fork, there's more details there. It would suit a large bank or card provider. A Google like company. If you are one of the validators your not gonna think grid, you gonna cluster somewhere with low labour rates but a tech savvy population. I think China will be a preoccupied with Bitcoin India has cheaper electric than China anyway.

But it means centralisation. I'm not seeing this pan out too well. So will it be worth running a node even? What are we all gonna do with this glut of redundant GPU power? Maybe you can sell some CPU power or storage space to the ethereum network for some eth but who will want the GPU power It may be worth selling my rig now! People are still talking of setting up mining rigs. Especialy with the end of mining looming.

Like the man said "Maybe time to stop investing in Mining machines" At current eth prices anyhow. I wanted like everyone else to get some ligit extra money. My intention is to stop working about 8 years. Cauz I am tired of working. I am now 30 years old and if you live in The Netherlands so I should work untill I am 75 before I can retire. Anyway I will put some time to learn exactly how PoS works and looking for Alternative coins or something else. You only live once. Sign In or Register to comment.