Bitcoin Forum

 :) :) Really important question for ETHASH miners, which coin are you choosing to mine after the ethereum 2.0 comes up?

There are options of:
- Ethereum Classic;
- raven coin,;
- beam - and today some new coin came up to my eye name - Metaverse(ETP) - giving profits almost like ethereum.

What's your guys opinions? I think if most people will switch to ravencoin it will be much more profitable than ether and become more expensive than now, but the problems I personally faced was that cards were getting high temps. 77 and maybe more (I just switched' em off)

Please share your thoughts, so we will be prepared for Inevitable future... :)

First of all ETH 2.0 is a few years away from going fully live and POS.

Second there is something called difficulty. The daily supply of a coin is fixed. When more miners join its equally split among them. Profits won’t be the same if ETH goes POS and everybody switches to that coin.

Third, hashrate follows price and not the other way around. Just because a coin has more hash doesn’t mean more people will buy it, even if it means it’s more secure due to the large hashrate it has behind it.

Stopped reading at "Ethereum cash;"

I'm still going to keep mining ETH because I believe they aren't going to kill PoW algorithm at any time soon, relax mate we still a year or two to go and also Ergo, Conflux, Ravencoin are good options if that time do comes but not any time soon

Unlike everyone else that didn't actually answer the question. RVN looks quite interesting and I believe a lot of the eth hash power will eventually transition to that but its going to be hard to say anything past that as i think there going to be quite a broad amount of distribution across the minable space with a good portion landing in the RVN corner.

Likewise I'm hoping ETH doesn't go fully POS for at least another year or two but at the end of the day with all the updates recently its coming this time not in theory its a reality that's going to hit hard in this space, but again lets hope for a few more years of mining ETH.

Everything I have seen is saying most people will be switching to RVN or ETC potentially. When PoS is fully implemented there is going to be a period of time where there are massive shifts in hashrates on multiple coins as people move away from ETH and try to find what is most profitable.  While this may create a few weeks or months of uncertainty on which coin will be better to mine it could also provide a bump in price to certain coins.  If you happen to be stockpiling the right one from now till whenever PoS is fully implemented you could stand to make a nice gain.

This is completely untrue.

The way it works is that hashrate and difficulty follow price usually one way and not necessarily the other way around.

When hashrate goes up before price, it doesn’t mean the price has to go up with a certain coin. There are times in the past when this happened but it doesn’t mean it will happen again in the future.

I think it was just a coincidence that there was new ASICS released and Bitcoin just happened to have a massive rally in the next few months like in 2017 and 2020.

This is exactly true right now with Ethereum Classic,the hash rate has increased a lot yet the price has not done the same,sure it has increased a bit but compared to the increase in hash rate it is irrelevant.

The next best things for the moment to mine after Ethereum is Ethereum Classic,Ravencoin,Confux and Ergo.Out of all of these the one who is being mined heavily with 4 GB cards is the Ethereum Classic which is also the cause of this increase in hash rate.

And did anyone try to mine ERGO meantime? It's shown as really profitable coin but is it really like that?

For example today it make only couple cents less than ether.

Oh I know my post was not implying that it would happen without a doubt just that it is a potential outcome. I dont think we have ever seen such a large shift in hashpower like we will see when PoS is finally implemented. There are a variety of potential outcomes I was just suggesting a possible one. While it may not be tied to price rising there will likely be a large spike in liquidity with miners selling more to pay the bills using certain coins.

Exactly, my eye are on ERGO Coin as we speak it's very easy to see that this is the next Ethereum in terms of minable algorithm I meant, this coin is capable of taking ETH hashing power and still survives because I believe this coin will join top 20 soon, the use case is just way better than many PoW algorithm coins I've seen

Who decides, that ETH switch to PoS?

Yeah, ERGO looks really good. I remember once when Ethereum profit dropped the same happened to ERGO , and the profitability of ERGO decreased by the same percentage.
So that's the problem we may be facing, profits will be much lower than now, at least in 2022...

I think it's true that the price of the coin will rise with the hashrate. Because as we know the price of first crypto Bitcoin is depended on it's demand. So the more people use the coin for transferring or mining the more price will go up, like we've seen on Ethereum, digibyte and siacoin examples.