Is mining going to die soon?

[beheddard]

Unless every single coin major coin makes the switch to PoS or other non PoW consensus mechanisms, I don't think mining will be going anywhere any time soon.

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[Reigningchamp4eva]

Eh, when eth goes PoS (which might take like 2 years because they're incompetent lol) that will hurt mining more than most people realize. Ethereum, in terms of $ of coins generated on a daily basis, is an insane slice of the GPU market. There are other coins, but everyone will be jumping ship to those coins as well.

The more immediate threat it the F3 miner from bitmain. I could see that not "ending" mining but making it an ROI of .25% daily instead of the current ~1% daily. As a result I'd expect retail prices to predominate and card shortages to dissipate...but I'd also expect no discounts like we had previously back in late 2016 early 2017 on cards.

[compimprove]

No no. It still has to exist for specific types of coin.

[badfad]

Unless every single coin major coin makes the switch to PoS or other non PoW consensus mechanisms, I don't think mining will be going anywhere any time soon.

~ 17 280 eth mined daily, ~ 15 Million dollars daily. I think we would feel that dent.  
Right now it's 210 Th/s on the eth network, and you need 34 000 rx polaris for 1 Th. Those gpus will search for a home.
How many gpus are mining shitcoins, that would be nice to know.

[Raziel__]

Unless every single coin major coin makes the switch to PoS or other non PoW consensus mechanisms, I don't think mining will be going anywhere any time soon.

~ 17 280 eth mined daily, ~ 15 Million dollars daily. I think we would feel that dent.  
Right now it's 210 Th/s on the eth network, and you need 34 000 rx polaris for 1 Th. Those gpus will search for a home.
How many gpus are mining shitcoins, that would be nice to know.

Nah, you need one coin to move to pos and we are out of businesses, and thats ETH which their POS is in testnet, all other coins combine doesnt have 20% of gpus that ETH have.

[S4roZa]

I do not think it will die, because there are still many new coins emerging. So do not worry .

[jerrison]

mining of cryptocurrencies seems to be the big business in the decentralized framework economy so talking about mining dying soon is nothing close to reality at least for now

[Eind]

I just started mining.. And its profitable
I think mining wont died if its still profitable

[kiver]

you may think that mining isn't profitable right now but from what i noticed in the past year that mining has some downtrends and uptrends it always gets back to be profitable just in time just mine some you trust its tech and wait to gain some profit

[Harsh_Patel]

Mining is behind the blockchain. Mining supports the Trustlessness of Blockchain to execute the transaction or any action for that matter. It has to be there till the blockchain is.  Bitcoin / Crypto dies if the mining dies.

There is lot to know about mining. There are lot of types of mining depending on proof of Work or Stake or Asset or Storage or many other type. All this is mining done to identify the correctness of Block Transaction.

[1C6fV5DtakfKANLJ8GUV7hCaA]

There's ZEC, XMR and more. Mining won't die. Eth is the majority. If Eth goes POS, mining will thrive still.