they are not switching to pos. that tactic is to scare away asic builders.
If some A-hole asic builder makes a killer eth miner they would switch to pos.
So unless the asic builder self mines on the sneak never announcing his miner Eth is not turning into a pos coin.
I have no fear if they do that. The real fear is WTF is btc doing with segwit and bu
as long as BTC has good value with most coins already mined and in a wallet alt coin will be fine.
Now if btc drops to 500 usd alts will be eff'd
That's not true Phil, ethereum WILL go POS, just not as soon as originally planned. Casper is taking longer than expected, as was the case with each major update, but it will come for sure.
Also its impossible to make an ASIC for ethereum owning to the ever increasing DAG, the closest thing to an ASIC that you can get is building MXM style cards into a large PCB, or do what Pandaminer did.
And Btc dropping will not have nearly the same impact on Alts as Eth going POS would. All the Eth miners will shift to other alts jacking up difficulty manifolds for coins that have only a few thousand people mining them right now, and will reduce profits to half or less for all of us. I just pray that day comes AFTER I have ROI'd on all my gear
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
you could be correct. But after I slept last night I thought about this post.
I checked all my money tied up in gear/coins/hashing contract with bitmain.
I decided I my ratios are wrong and I sold 2 coins for about 2450 usd.
I still have btc held but my cash ratio is now more in line with what it should be.
I hold BTC
I hold ETH
I hold ZEC
I hold ZER coins are worth 6k
I have 8k in gpu gear -------2.1k of this is off line due to arrive this week
I have 6k in asic 256 gear
I have 5k in cash so all my crypto related stuff is about 25k
I have to keep ratios good.