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But, do you believe ETC has future? I think the current increase in ETC GPU mining is due to people trying to squeeze the last bits of money return of their far
by can16358p 4y ago
But, do you believe ETC has future? I think the current increase in ETC GPU mining is due to people trying to squeeze the last bits of money return of their farming investment until they could sell/repurpose (I mean non-crypto) their rigs.
I honestly don't believe ETC has any practical future value, and any increase in valuation these days will result in a bigger crash of ETC value in a few days/weeks as people get out of the GPU mining ecosystem.
- latchkey 4y agoETH transitioning to PoS is a poison pill for all of the gpu mineable shitcoins out there. Any gpu mineable coin will trend towards zero because they cannot support the irrational speculation any longer... unless they come up with some better use cases for usability. There are enough home miners that either have free power and/or low capital opex requirements, such that any money earned is good money, even just a few dollars. This constant sell pressure on the market will always push things down.