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Author Topic: I'm wondering if miners will go away in the next few years ???  (Read 203 times)
max6575
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March 16, 2021, 02:58:48 PM
 #21

as miners have with distinctive on customs with the work on collecting token, the return gives with the difference as miners to gains of return with the profit as with the future different alternative of miners medium helps miners to work with the collection of token as their decision of entrance into the world of crypto.

Bergh44
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March 16, 2021, 04:35:33 PM
 #22

Don't get me wrong in that I do like BTC and some PoW Coins, but ultimately I think PoS is the future of algos for the time being. I really like what Divi is doing to simplify things to allow non/new-coiners to earn rewards passively with no technical knowledge. No rigs to set up, just slide the staking toggle on and your staking. Can't get much easier.
geegaw
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March 16, 2021, 04:59:05 PM
 #23

For the future I think for the miners will still be present in the crypto world even though they already have a very good coin but I am sure for the future there must be a new coin present, and they will definitely continue to mine in the coin, if everything they want has been achieved then that's when they will plan to retire.
Miners will never retire if they still get good results from their work and will continue to work with the mining equipment they have made, so the matter of the goals they have achieved is only as a target, while the work will continue.
Well, not a single miner feels their money is too much and they need to retire, they just feel that everything is never enough, from the equipment to the amount of mining per day, too little for them and every time they have more capital and profits, they will be willing to expand more new farms. People don't need to think about scarcity and mining that doesn't make profits, profitability is just a matter of time while crypto is still growing, and too many targets can be mined, unless crypto disappears, otherwise, miners will still do their job every day, too leisurely and passive work, retirement is a distant thing

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March 16, 2021, 05:18:13 PM
 #24

POW coins like Bitcoin / Litecoin / Monero will not disappear soon.

But it's always good to see POS alternatives like Ethereum / Nano / DIVI coin, etc... It helps environmentally conscious investors get in.

Insert: Change my mind Campus Sign lol

It's quite possible to be honest! The POW algorithm is power hungry and it is showing a steady increase in its hunger. So in few years, only very deep pocket people will be able to get into mining. Small miners are already out of the play for coins like bitcoin and ETH. So if this remains as it is, POW coins will soon become very centralized. So if you rrally want to participate in a decentralized environment, POS coins will be your best bet in few years.

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