Proof of Work algorithm is here to stay, do not be deceived

[JeffBrad12]

The biggest part of Ethereum in the face of the whole world is it's POW algorithm, miners around the world have build their farms and rigs solely for Ethereum Ethash Algorithm only simply because it's the second best crypto coin and also it's the most profitable, I just hope that the EIP 1559 won't mess the whole thing up

It's not only about the miners. The ethereum core developers must also think about the buyers of ethereum. Miners are not only the parties that must get the advantage.
The buyers and holders are much more important than the miners.
Inflation will become the biggest problem in ethereum. Hybrid looks good enough to be used as the new consensus for ethereum 2,0.

[takngantuk]

The biggest part of Ethereum in the face of the whole world is it's POW algorithm, miners around the world have build their farms and rigs solely for Ethereum Ethash Algorithm only simply because it's the second best crypto coin and also it's the most profitable, I just hope that the EIP 1559 won't mess the whole thing up

It's not only about the miners. The ethereum core developers must also think about the buyers of ethereum. Miners are not only the parties that must get the advantage.
The buyers and holders are much more important than the miners.
Inflation will become the biggest problem in ethereum. Hybrid looks good enough to be used as the new consensus for ethereum 2,0.

in fact, when the new network was ready, POW was completely abandoned. there is no hybrid system, ethereum will use POS. but despite the speculation about this, there are still many other coins that can be mined using POW. so I don't think this is the end of PoW.

[Dariusburst]

There is no need to make decisions on something that's not been finalized or launched yet, I don't believe gpu miners can lose out even if Ethereum POW algorithm stop and go to POS.

1. There will always be a new coin that will be more profitable to mine as the mining hashrate from Ethereum will be moved to other coin

2. Even if the worst happens miners who can't mine other coins can still sell their gpu on online stores to gamers and graphic designers, you can't lose out completely

[hatshepsut93]

Been thinking about that. Will this also affect the market of GPUs?
Will they be cheaper than the expensive price right now since there will be lesser demand?

This already happened in 2017-2018 - after crypto crashed, you could buy flagship GPUs like GTX 1080 for the price of 1070 or even less. The current GPU prices are also driven by other factors, like Trump's tariffs, global shortage of components, scalping, increased costs of shipping, but miner's demand is of course the biggest factor right now. So even if you take it out of equation, it still would be impossible to find cards as MSRP.