Bitcoin Forum
March 29, 2024, 11:11:48 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Should I invest in GPU mining hardware when PoS is coming for some coins  (Read 366 times)
Pono (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
November 21, 2017, 07:57:17 PM
 #1

Hi all,

I'm just wondering - if/when I invest in a small mining farm to mine say Ether and Zcash and the next week both of those coins turn into PoS am I than forced to mine another (less profitable) coins? Or simply turn my farm into a very expensive gaming PC :/

What's your (miners) take on incoming and inevitable PoS shifts?

Thanks in advance.
1711710708
Hero Member
*
Offline Offline

Posts: 1711710708

View Profile Personal Message (Offline)

Ignore
1711710708
Reply with quote  #2

1711710708
Report to moderator
1711710708
Hero Member
*
Offline Offline

Posts: 1711710708

View Profile Personal Message (Offline)

Ignore
1711710708
Reply with quote  #2

1711710708
Report to moderator
1711710708
Hero Member
*
Offline Offline

Posts: 1711710708

View Profile Personal Message (Offline)

Ignore
1711710708
Reply with quote  #2

1711710708
Report to moderator
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Mike011
Full Member
***
Offline Offline

Activity: 312
Merit: 104


View Profile
November 21, 2017, 08:02:44 PM
 #2

Who told you that Eth and Zec are the most profitable coins to mine? As for the POS, just move to next coin when it happens.
Pono (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
November 21, 2017, 08:04:11 PM
 #3

I never said that those two coins are the most profitable. I only said that I'm thinking about mining those two. Also, that does not answer the question about coming PoS.
luffare
Full Member
***
Offline Offline

Activity: 350
Merit: 101



View Profile
November 27, 2017, 07:22:06 PM
 #4

2 Pono,
Nobody knows when POS-mining of ETHEREUM really start. Sure it won't begin this year. Maybe in the middle of the next 2018 year it will happen but who really know? Only Vitalick Buterin knows I hope...  Wink
ala12uk
Newbie
*
Offline Offline

Activity: 16
Merit: 1


View Profile
November 27, 2017, 07:40:36 PM
 #5

Who told you that Eth and Zec are the most profitable coins to mine?

The following website claims that ETH is the most profitable:
http://whattomine.com

Assuming that you have put your hands on RX 580, which is also the most cost effective (price, hash rate, power consumption, etc...)

If you are speculating about future gains of other altcoins then this is not guaranteed
But for GPU mining ETH is definitely the most profitable as for now
sindikat
Full Member
***
Offline Offline

Activity: 364
Merit: 106


View Profile
November 27, 2017, 08:14:20 PM
 #6

What's the problem? First, you can always join a pool. Secondly now mining cryptonigh has almost the same profitability as Ethereum. There will be other coins that use the same algorithm. For example bitcoin gold. It seems to me that if there are large reserves of power, the GPU will always be buyers of these capacities.
luffare
Full Member
***
Offline Offline

Activity: 350
Merit: 101



View Profile
May 25, 2018, 01:39:53 PM
 #7

Why not?  Wink
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!