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> Wrong. Why? What? ETH isn’t the most profitable thing for these cards to mine. Why are you so confident that ETH switching to PoS will open the floodgates wh

> Wrong. Why? What? ETH isn’t the most profitable thing for these cards to mine. Why are you so confident that ETH switching to PoS will open the floodgates when ETH is already not the driver of their usage? The ETH proof-of-stake switch isn’t going to be the driving force they causes GPUs to be abandoned in bulk.

latchkey 4y ago
> ETH isn’t the most profitable thing for these cards to mine. You can mine shitcoins on a small scale for maybe a bit more profit. The issue is always unloading a lot of shitcoin in a very small volume market. Even ETC has a 6.5 day deposit time on exchanges like Kraken. Nobody is going to want to deal with that. > The ETH proof-of-stake switch isn’t going to be the driving force they causes GPUs to be abandoned in bulk. The GPUs will move to other shitcoins, which will cause the prices of those shitcoins to go down as people will mine and dump them, which will cause a lot of GPU miners to shut off.
- RealityVoid 4y ago
  Usually, with POW, the issuance is the same. So they will mint the same amount, no way that will crash the price. What _will_ make the mining not profitable is the difficulty increase. It boggles my mind people don't seem to get this.
  - latchkey 4y ago
    More hashrate will earn more of the pie.
ShamelessC 4y ago
> the ETH proof-of-stake switch isn’t going to be the driving force they causes GPUs to be abandoned in bulk. The proof-of-stake switch is also pretty unlikely to ever actually happen.
- latchkey 4y ago
  The merge will absolutely happen, there are 12.6m ETH in the staking contract [1] that people want out of there and the only way to get it is to get to the next steps. [1] https://etherscan.io/address/0x00000000219ab540356cBB839Cbe05303d7705Fa https://etherscan.io/address/0x00000000219ab540356cBB839Cbe0...
  - ShamelessC 4y ago
    Sorry but I'll believe it when it happens.
    - latchkey 4y ago
      When is irrelevant in my eyes, it honestly doesn't matter. It will happen though.

latchkey 4y ago

> ETH isn’t the most profitable thing for these cards to mine. You can mine shitcoins on a small scale for maybe a bit more profit. The issue is always unloading a lot of shitcoin in a very small volume market. Even ETC has a 6.5 day deposit time on exchanges like Kraken. Nobody is going to want to deal with that. > The ETH proof-of-stake switch isn’t going to be the driving force they causes GPUs to be abandoned in bulk. The GPUs will move to other shitcoins, which will cause the prices of those shitcoins to go down as people will mine and dump them, which will cause a lot of GPU miners to shut off.

RealityVoid 4y ago
Usually, with POW, the issuance is the same. So they will mint the same amount, no way that will crash the price. What _will_ make the mining not profitable is the difficulty increase. It boggles my mind people don't seem to get this.
- latchkey 4y ago
  More hashrate will earn more of the pie.

ShamelessC 4y ago

> the ETH proof-of-stake switch isn’t going to be the driving force they causes GPUs to be abandoned in bulk. The proof-of-stake switch is also pretty unlikely to ever actually happen.

latchkey 4y ago
The merge will absolutely happen, there are 12.6m ETH in the staking contract [1] that people want out of there and the only way to get it is to get to the next steps. [1] https://etherscan.io/address/0x00000000219ab540356cBB839Cbe05303d7705Fa https://etherscan.io/address/0x00000000219ab540356cBB839Cbe0...
- ShamelessC 4y ago
  Sorry but I'll believe it when it happens.
  - latchkey 4y ago
    When is irrelevant in my eyes, it honestly doesn't matter. It will happen though.