Ethereum Mining still valid

[whoareyou4]

So, I'm seriously considering setting up several mining rigs and putting a good amount of money into them. I've used the calculators, know what I'm buying, know the expected hash rates and all that.

The question I have is, how long until the PoS issue makes it's way to putting ETH miners out of work so to speak? Is this something to even be concerned about?

[Sequoia93]

There are plenty of other profitable coins to mine once eth goes POS.

That does not mean there is still not risk involved.

But currently I believe you are very likely to reach ROI before POS lands.

[whoareyou4]

There are plenty of other profitable coins to mine once eth goes POS.

That does not mean there is still not risk involved.

But currently I believe you are very likely to reach ROI before POS lands.

After POS, assuming the hardware can still mine a coin, it can be re purposed, right?

ROI should be met within about 2 months or so...Nobody knows when POS comes, but in 2016 people said it would already be here, then people said Nov 2017...so whats the consensus?

[Etherion]

There are plenty of other profitable coins to mine once eth goes POS.

That does not mean there is still not risk involved.

But currently I believe you are very likely to reach ROI before POS lands.

Although what you say it 99% true it is such a shocking contrast to last year this time.