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Even with a rig like that it will take around 10 months to break even. Ethereum will be moving to proof of stake in the future. There is no set date but it coul

by Lon7 9y ago

Even with a rig like that it will take around 10 months to break even. Ethereum will be moving to proof of stake in the future. There is no set date but it could be in approximately 1 year. At that point all these gpu rigs will need to switch to other less profitable cryptocurrencies. We're reaching the point where it may not be possible to break even before Ethereum switches to proof of stake. Consequently, it's recently become easier and cheaper to buy gpus suited to mining.

jacobush 9y ago
Yes, and the communists were going to turn over the power to the people. Any year now. Edit: downvoted. I want to make myself clear - how will ETH switch over to proof of stake, when people have so much invested in mining hardware? It won't be pretty. Another fork or two perhaps?
- sctb 9y ago
  Please just post the meaningful comment instead of unsubstantive flamebait to begin with. You've been posting a lot of that and we need it to improve. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - jacobush 9y ago
    OK
mizzack 9y ago
I did say "if you already have a rig". For the time being, it still makes more sense to mine than liquidate cards. The market is all over the place right now for mining altcoins. NiceHash-Cryptonight (pays out in BTC) will currently gross ~$18-20 a day with the same mentioned setup.