Bitcoin Forum

Hello Everyone,

I have 36x Rx580 8g and I have mined ETH for 3-4 years. ETH is changing for proof of Stake, and I do not know what Im going to mine after that.

Can you give me some possibilities what to mine with Rx580 after that?

Thanks!!!

First, you want to look at the cot of power in your area. Power determines how profitable your mining venture will be. Of course Ether has so far been the most profitable, but there are some other altcoins you can mine using the Rx580

Like Ethereum Classic, Ravencoin, BEAM, ergo, Metaverse etc

This can guide you a little - https://whattomine.com/gpus/27-amd-radeon-rx-580 with an estimated profitability calculation depending on your power cost.

I do not understand you.
You have not a small number of video cards and a great mining experience. What were you mining in 2019 when mining was on the edge of a loss?
You will first wait until the Ethereum mining is over, and then you will choose the most profitable coin for mining.
Mining will definitely not end, perhaps you will mine coins from the list above, and possibly others. Is it that important now?

This is normal, many mainstream people think mining is fucking easy. They buy many cards, mostly let it setup from another person and let it run.


@binanceautotrader

https://whattomine.com/
and ETH will not going to Proof of Stake in the next time. Maybe in a year, but we speak about it since 2016.

This has been discussed many time already but based on the cards you have your best bet is Ethereum Classic as those cards perform the best by mining that algorithm Etchash after Ethereum(Ethash goes PoS).

The only problem will be that here after Ethereum goes PoS that massive hash rate will come to Ethereum Classic and Ravencoin which will increase the difficulty a lot so maybe the profitability will fall dramatically at that time,this is the only doubt I have,as for mining it will continue with or without Ethereum.

No one knows exactly when it will go POS. They have been saying POS is right around the corner and they always run into some issues. Could be a few more years. I think your bigger worry is the way the difficulty is climbing rather than POS launch.

What to mine after POS? My advice, sell the GPUs 3 months prior. Because I just don’t think the profitability will be there anymore since most high cap coins are all either ASICS or POS tokens already. If you wait until it’s already POS it will be harder to sell your GPUs due to huge supply.

Perhaps in this thread
https://bitcointalk.org/index.php?topic=428589.25660
and perhaps in other articles I read that after the Altair hard fork, developers will launch Ethereum 2.0 testnets
If mining will definitely be relevant this year, then you need to wait for news after the hard fork.

There is lot of coin to be mined, but for sure ton of gpus will doing same thing, and eth mining fall will turn mineable coin to lower profit, and someminer will sell their rigs before happen, and vitalik say on September 3, pos will switch between 1-2years,
The impact will be epic and at bear market happen make things even worst

There are a lot of coins out there but most of them, especially the mid to large cap coins are not mineable. We all wish we could mine XRP but we never could. This shift started sometime in 2016 when ETH talked about importance of POS and since then most tokens followed that route.

POW is pretty much rarely used for any new projects. Most products are just tokens these days because that way the developers have better control of the market share. Back in the day devs would launch a coin with a 5% premise and nobody would mine it because it seemed risky due to dev dumping a large portion of the coins but now you got tokens where the dev has even more control of the supply and no one bats an eye.

Piece of advice, keep mining ETH and there is no guarantee that ETH Dev will end up abandoning PoW algorithm, many have been deceived by this POS system since 2017 and today they end up regretting their decision, keep mining ETH and never look back, if eventually they end up going PoS we will move to Conflux, Ravencoin or other