btc: GPU Miners future after ETH transition to Proof-of-Stake

Web Developer

What would miners do after the transition? Choose another, less-known project or abandon the GPU mining?

In my opinion, the GPU miners (ETH miners) have 2 option after ETH move to PoS. 1. ETH miners can mine other crypto currency such BTC, LTC, DASH, etc. 2. ETH miners can move to become Ethereum node validator. More efficient, clean and cheaper than mining. 3. Become ETH stakers. It can help secure the ETH network.

Will the loss of so many miners affect the value of GPU mining projects?

Not at all, because many project still use PoW to maintain the network, and the miners still can mine Crypto.

Is it worth being a miner if we don't have any hardware? Why?

Of course not, because for mining Crypto need at least 1 hardware like ASIC or GPU to mine crypto. You can rent hashpower on Miningrigrentals or Nicehash but the cost is more than the profit you get. It is based on my experience.

IT VP

What would miners do after the transition? Choose another, less-known project or abandon the GPU mining?

It depends largely on the hardware used. I think most will transition to PoW altcoins or BTC if possible. This only will work until the market is too saturated to pull a profit then the gamers will rejoice in the influx of used GPUs on eBay.

Will the loss of so many miners affect the value of GPU mining projects?

I do not think there will be a loss. With others moving from Eth to new projects there will be over saturation, not a shortage.

Is it worth being a miner if we don't have any hardware? Why?

Yes, as long as you can pull a profit. If it takes more units then most likely the larger players will purchase those units from people abandoning mining. No for smaller mining outfits.

Graphics Designer

What would miners do after the transition? Choose another, less-known project or abandon the GPU mining?

I guess by time miners who are desperate to make money through mining will continue mining whether that is BTC ETH or any other less-known coins/projects. As proof of stake is more efficient, energy saving and more environment friendly some miners would probably abandon mining as the future of mining somewhat gets less known because of the characteristics of mining is to use more power. In this world energy is limited. So if somewhat miners be able to find ways to mine through renewable energy they can kick on with their rigs. I don't see miners abandon the GPU mining, at least for the short run.

Will the loss of so many miners affect the value of GPU mining projects?

Yes that would actually affect the value of GPU mining projects but I guess that wil be a matter of time for Projects gain value overtime as soon as they loss miners.

Is it worth being a miner if we don't have any hardware? Why?

No its not worth being a miner if you don't have any hardware. As mining hardware eg. Graphics Card are expensive. People with some sort of least good enough Cards can make a few bucks here and there. So the fact is that with a least powerful hardware its quite hard to make some bucks let alone mining without a hardware.

Cyber Security, Blockchain and 3D Printing

What would miners do after the transition? Choose another, less-known project or abandon the GPU mining?

They have 3 options which I will mention and decreasing likelihood. However, I expect them to either: 1. Chose other projects 2. Sell there equipment (and start staking) 3. a combination of both The best solutions will depend on the miners situation and knowledge.

Will the loss of so many miners affect the value of GPU mining projects?

Very likely in the short- to medium-term.

Is it worth being a miner if we don't have any hardware? Why?

If you can get mining equipment e.g. for BTC and fuel it with suistainable energy, the premium can be quite profitable. Else you should consider staking your capital rather than mining.

Algorithm creator, coder, chem. engineer,trader,investor

What would miners do after the transition? Choose another, less-known project or abandon the GPU mining?

Miners is a special kind of people in this cryptographic community. they are pioneers is a way. they know how to overcome problems with hardware , how to adapt to power consumption and every last detail of their job. miners will switch to another projects eventually and will harden other chains with their increasing mining power. some chains will get stronger and others will have to adapt to miners for their network to be attractive. the balance will be found no matter what. being a miner is not easy and I don't expect them having vital obstacles. everything will be fine, there are hundreds of chains that will utilize the miners after proof of stake era for Ethereum.

Will the loss of so many miners affect the value of GPU mining projects?

it will be affected but let's not forget that blockchain tech is a field that scales faster than internet. all that is in imbalance it will stay short lived. balance will be found.

Is it worth being a miner if we don't have any hardware? Why?

the best mining is the mining that requires the least amount of computing power. that's why proof of stake and other models will thrive in future while BTC keeps the security on another level. everything has its on role and by so every miner will find what fits him and his equipment.

Enthusiastic

What would miners do after the transition? Choose another, less-known project or abandon the GPU mining?

Transition for some of them will be somewhat feasible. There is a lot of competition in GPU Miners projects, maybe they won't be able to monetize as much as they once did with ETH but they will be able to swing it and stay in the game. Although there are already people who have some earnings with what they got from being a Miner for such a long journey. You can easily retire and dedicate yourself to Trader with good weight or just enjoy life. The truth is that it's up to each person. I would choose to diversify that profit into short, medium and long term projects.

Will the loss of so many miners affect the value of GPU mining projects?

Supply and Demand. If ETH transitions to Proof-of-Stake, yes it will affect because there is a lot of demand for ETH but always one product supplants another so I think it's relative. There will come a time when the loss will be exponential but like everything that goes down, it goes up. At some point that loss will be established in another successful project that requires that GPU Miner.

Is it worth being a miner if we don't have any hardware? Why?

It depends on many factors but there are already systems where you can mine just by having an antenna, receive a signal and have a device in your house that does not waste energy or pollute so it depends on the point at which we see it. If we put BTC and ETH, yes, it's worth it when you earn but there are a lot of expenses to maintain. It's like when you're single and you make a certain amount of money and then before long you get a wife, you get married, you have kids. The priority and responsibility changes. You must maintain a home and somehow forge and shape a financial future for your children. Before it was just for you. Something like that happens with the Minaje. It is not the same but we are talking about something similar.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.