What will you do when you cant mine Eth anymore?

[philipma1957]

In 2019, when mining became non-profitable, the network hash rate decreased from 300 terahesh to 150, then many good video cards were sold for $ 150-200, for example AMD Vega 56 and Vega 64. Check how much these video cards cost now.
We must be ready for a new sale of video cards.

Yes have some cash/credit ready for cheap cards.

But if you want to add a few at premium now It is okay.

It differs for each of us.

I have cheap power to spare and could add 100 cards today actually 300 cards. With some simple but not cheap circuits  added.

I have 5 x 30 amp 240 volt circuits empty they can do 2x 12 cards rigs. or 24 cards x 5 = 120 ready as I type.

we could add 12 circuits that means 24 x 12 = 288 with additional circuits and more cooling.

With this in mind.  I slowly add minerdude cases and rtx a4000 cards.

if they were cheaper I would buy quicker.

but I pay 1200 a card and 1000 for the rig total of 12x1200= 14400+1000 which is 15400 a rig

I feel a true price for this rig is less maybe 700 x 1200 = 8400 + 600 which is 9000 a rig

now to buy rigs at 15400 when I think they are worth 9000 is okay if I buy slowly. Keeping cash in reserve for a crash down to the lower prices.

We can add a rig a month at the 15400 price

[FP91G]

In 2019, when mining became non-profitable, the network hash rate decreased from 300 terahesh to 150, then many good video cards were sold for $ 150-200, for example AMD Vega 56 and Vega 64. Check how much these video cards cost now.
We must be ready for a new sale of video cards.

Yes have some cash/credit ready for cheap cards.

But if you want to add a few at premium now It is okay.

It differs for each of us.

I have cheap power to spare and could add 100 cards today actually 300 cards. With some simple but not cheap circuits  added.

I have 5 x 30 amp 240 volt circuits empty they can do 2x 12 cards rigs. or 24 cards x 5 = 120 ready as I type.

we could add 12 circuits that means 24 x 12 = 288 with additional circuits and more cooling.

With this in mind.  I slowly add minerdude cases and rtx a4000 cards.

if they were cheaper I would buy quicker.

but I pay 1200 a card and 1000 for the rig total of 12x1200= 14400+1000 which is 15400 a rig

I feel a true price for this rig is less maybe 700 x 1200 = 8400 + 600 which is 9000 a rig

now to buy rigs at 15400 when I think they are worth 9000 is okay if I buy slowly. Keeping cash in reserve for a crash down to the lower prices.

We can add a rig a month at the 15400 price

I agree with you, but there are a few things to keep in mind.
You live in America. You have cheaper video cards and other equipment, but electricity is very expensive. In your case, with a cheap price of electricity, I would also buy.
In Russia, cheap electricity, but video cards are 60-100% more expensive.
Therefore, I am not buying now.

[philipma1957]

In 2019, when mining became non-profitable, the network hash rate decreased from 300 terahesh to 150, then many good video cards were sold for $ 150-200, for example AMD Vega 56 and Vega 64. Check how much these video cards cost now.
We must be ready for a new sale of video cards.

Yes have some cash/credit ready for cheap cards.

But if you want to add a few at premium now It is okay.

It differs for each of us.

I have cheap power to spare and could add 100 cards today actually 300 cards. With some simple but not cheap circuits  added.

I have 5 x 30 amp 240 volt circuits empty they can do 2x 12 cards rigs. or 24 cards x 5 = 120 ready as I type.

we could add 12 circuits that means 24 x 12 = 288 with additional circuits and more cooling.

With this in mind.  I slowly add minerdude cases and rtx a4000 cards.

if they were cheaper I would buy quicker.

but I pay 1200 a card and 1000 for the rig total of 12x1200= 14400+1000 which is 15400 a rig

I feel a true price for this rig is less maybe 700 x 1200 = 8400 + 600 which is 9000 a rig

now to buy rigs at 15400 when I think they are worth 9000 is okay if I buy slowly. Keeping cash in reserve for a crash down to the lower prices.

We can add a rig a month at the 15400 price

I agree with you, but there are a few things to keep in mind.
You live in America. You have cheaper video cards and other equipment, but electricity is very expensive. In your case, with a cheap price of electricity, I would also buy.
In Russia, cheap electricity, but video cards are 60-100% more expensive.
Therefore, I am not buying now.

Yep we have talked and you power is lower than mine
and my gear is cheaper than you pay.

https://www.newegg.com/nvidia-rtx-a4000-vcnrtxa4000-pb/p/N82E16814132091? I get this for 1200-1250

https://minerdude.com/product/pre-order-minerdude-x12-xtreme-12-gpu-smart-mining-rig-pre-order-delivery-late-aug-early-sept/ and these at 1000-1100

you can build and set up in under 90 minutes

these will be our go to rigs from now on. But 1 a month at the moment. I can't justify faster procurement .

[fmz89]

I know we dont know when Eth 2.0/PoS is coming, but it IS coming at some point.  Curious what my fellow miners will do when they cant mine eth anymore...  I have heard people might mine eother PoW coins like RVN, however profits will be much lower due to the hash from eth will move to rvn to a degree (and the rest of the PoW coins).  you could go ASIC SHA-256 route and taker a crack at BTC, but good luck trying to get your hands on a miner.  There are some new projects like Chia and Helium which look interesting that have a different take on mining.

Perhaps you might take your eth you have and stake it, and if you have less than 32 eth, perhaps you will join a staking pool.

I for one, have not decided other than I know I would like to continue in some capacity with mining.

Thoughts?

well i think when eth hit full pos, on that day maybe already retire lol 

there is so many mineable coin out there, even all gpu flooding on seeling after eth off, gamer should be catching all those dump

and for miner side is good that network more room to breath then

[FP91G]

Yep we have talked and you power is lower than mine
and my gear is cheaper than you pay.

https://www.newegg.com/nvidia-rtx-a4000-vcnrtxa4000-pb/p/N82E16814132091? I get this for 1200-1250

https://minerdude.com/product/pre-order-minerdude-x12-xtreme-12-gpu-smart-mining-rig-pre-order-delivery-late-aug-early-sept/ and these at 1000-1100

you can build and set up in under 90 minutes

these will be our go to rigs from now on. But 1 a month at the moment. I can't justify faster procurement .

These are very good prices. In Russia, such video cards cannot be bought even at approximate prices. I can buy from a trusted store for 2x the price, or make a prepayment to an unwelcome seller to buy at a cheaper price, but this may turn out to be a scam.
Have you thought about selling components to other countries?

[devil2man]

personally when it will no longer be possible to mine eth i will not sell all my gpu but i will put them to mine some other coins even if with less profit i thought, i was oriented or on ravencoin or on aion, in the meantime other profitable coins could also come out for mining

[FP91G]

personally when it will no longer be possible to mine eth i will not sell all my gpu but i will put them to mine some other coins even if with less profit i thought, i was oriented or on ravencoin or on aion, in the meantime other profitable coins could also come out for mining

You will first wait until the end of Ethereum mining, because until now the development team has not named the coveted date.
Perhaps old video cards will become useless, but the owners of new video cards will be able to make a small profit if the cost of electricity is low.
But I think miners will be disappointed with electricity prices over 5 cents.