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

Research and Development

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

For the miner that used GPU setups solely to mine Ethereum, two options pop into mind. -One is the sale of all the graphics cards they own to get the most funds out of the operation, making this way, if not already, even with the initial funds invested on the rig. -The second would be exploring the crypto space to encounter the next best PoW currency that is optimal with a GPU, something like Monero, Ravencoin, or even Bitcoin Gold that is easily minable on a GPU card instead of ASIC miners. -A third option arises, where one could mine other cryptos that are easy to get profit out of it while waiting for replies from suitable buyers showing interest in the Graphics Card. In the end, the options available to miners with a surplus of Graphics cards are optimal. Leaving GPU mining overnight is a waste of progress made so far in the history of crypto mining. There are still a few good coins with practical use cases and functionalities that might please a broad range of adopters and users in the near future!

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

No, due to the fact that projects that are viable and worth do not depend on the popularity of GPU mining but instead its valued on the overall functionality and purpose of projects...

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

Yes and no! There are still a few coins that one can mine and discover only for the educational side. One learns first hand how a simple command-line gets typed in containing pool info, user ID, address that the crypto minted in the process is safely sent to. On the other hand, there are still one or two companies that provide the option of mining by renting out their equipment. They are known as Cloud Mining Farms. Renting out Mh´s or GH´s will get you an equivalent of the computing power of the machine/s undergoes to mine a block. You may expect Electricity and Maintenance fees, but rest assure that you will break even at the end of the contract if you have the needed amount of computational power that the cryptocurrency you are mining needs at the current level of difficulty. Cloud Mining Farms uses 1 to 2-year terms contracts and in most Bitcoin Mining Contracts you will find a lifetime option, allowing you, a way to add more GH/s EH/s to your overall cloud mining contract. If besides not having any hardware, the user does not have a safe form of access the internet, make payments, and receive, then that is the absolute case that I would have to say: -It´s not worth it! Other than that I will have to give a full-blown up YES, even if just for the fun or educational side of it, it may appreciate on value over the length of time!

Mechanic

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

Blockchain evangelists are increasingly exploring more eco-friendly alternatives to GPU mining for reducing the carbon footprint to the entire global ecosystem. The Brooklyn Microgrid (BMG) is a community-driven, peer-to-peer localized energy marketplace that uses blockchain technology to create a microgrid ecosystem. Utilizing Bitcoin mining to convert waste gas, a byproduct or side effect of oil and gas operations (gas flaring), into cryptocurrencies. Due to the somewhat-portable usage of mining rigs, companies are working with the oil and gas industries to capture and turn these waste energy sources into profitable cryptocurrencies.

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

If everyone stopped mining, i.e. there were no mining hash-power, the result would be: An increase in the price of bitcoin, since the supply would be zero. Since the sender pays the transaction fee to the miner, the already-mined blocks will not be affected. This will save a lot of electricity.

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

In my opinion it is not worth it because,the primary draw for many mining is the prospect of being rewarded with Bitcoin. That said, you certainly don't have to be a miner to own cryptocurrency tokens. You can also buy cryptocurrencies using fiat currency; you can trade it on an exchange like Bitstamp using another crypto (as an example, using Ethereum or NEO to buy Bitcoin); you even can earn it by shopping, publishing blog posts on platforms that pay users in cryptocurrency, or even set up interest-earning crypto accounts.

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.

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.

Commercial

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

There are a lot of other chains that support GPU-based mining, so miners could simply choose to start mining other cryptocurrencies.They could also decide to just shut down mining operations entirely and sell their mining equipment. Beiko expects to see a lot of that.

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

Maybe

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

No. Because Mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.You need either a GPU or an application-specific integrated circuit in order to set up a mining rig.

UX Researcher and Designer

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

Taking out bitcoin, without hesitation Ethereum was, by far, the blockchain-based on PoW that had the best reputation and the most support around the world, but there are other projects that may also interest those who have made investments in a whole mining farm. Projects like bitcoin itself or its predecessors like Litecoin or other projects like Monero or ZCash can become viable options. It is very possible that many enthusiasts (home miners) abandon continuing to mine because the cost of operation and the profits obtained with other projects can be very different.

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

It is possible that the effect of the loss of all committed hashpower in Ethereum PoW will be negative in the short term. But in the long term, I consider that the existence of other crypto-asset mining options based on Proof-of-Work, suggests that miners may find the destination of their GPUs in other projects.

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

The amount of energy involved in blockchains makes the difficulty of solving mathematical problems much greater for someone who possesses less hardware power. In my opinion, mining is not worth it without the right hardware, as the chances of mining, a new block are minuscule compared to a mining farm that has hundreds or thousands of hash power committed.

Financial invester

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

I think the miners will choose another project to mining. Because they have to use their GPU for another taget or take away them. Anyone had bought the Graphic card will use them in the best way they can. If they sell the Graphic card, the returns will be less extractive.

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

No, they have to choose what is the best way to get coin. So that GPU mining project still be one way to actract them to invest if the they still have good electric power.

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

Yes, it's worth. Because the investment in to hardware like GPU and CPU required a big number of money. When somnone want to be a miner, he has to have money to invest in hardware and the electric power system. If they don't need them anymore, they will have more exciting to have change to join into another new project.

Technology - Finance - Operations - Sales - Marketing - Business Development - Leadership - Coaching - Non-stop Achiever

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

Choose other projects to contribute hash power. GPUs perform unique computational functions that have real impact besides gaming, and all forms of compute may be used as Proof of Work. The crypto economy opens the doors to funding science that needs compute by coupling complex mathematical and scientific challenges with a crypto secured reward mechanisms on immutable ledgers.

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

Yes, remainders may get more secure and diverse pools.

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

Stakeholdership has value, but it may be in the eye of the beholder. The term miner is metaphorical to begin with. A better term may be node admin, and maybe it is just a matter of specialization: hardware, software, cloud, iot. All manner of interoperable work and validation systems will continue to create opportunities for participants.

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