ETH mining difficulty growth problem

[gemstra]

ETH mining difficulty has grown significantly in recent months.  ROI seems longer and approaching impossible with POS around the corner.  Looking for help / advisory from community here...

1. What are community thoughts re: difficulty growth?

2. When/what happens for miners when it goes to POS?  (Looking for opinions)

3. And what are other coin to mine that make sense right now?

[texasman86]

1.  You see that everywhere, still, the AMD's are impossible to get. Much of the demand is from ETH. As people buy more of these things, difficulty will continue to go up. Nothing you can do about it, just expect lower ROI every month unless ETH skyrockets again (which seems like that's not happening right now).

2.  Expect a giant ROI hit

3.  Read about the other forks of ETH and see what you would like to speculate on. I tried PIRL for a while when it was at $3 and switched back to ETH when it went down to $0.8 because it just wasn't worth it. Unfortunately all alt-coins are getting hit right now.

Worse come to worse, you can make a large chunk of your ROI back and then sell the cards for overall profit. Don't expect to get rich mining.

[gemstra]

Thx for the input @texasman86

DM me if you're looking for AMD's.  Have friends in the distro space and can get you more.  We're in a stay position here until the crypto ROI start to look better.

Sounds like ETH still best bang for buck...

[m.vina]

1. People are still blindly joining the bandwagon and building mining rigs. Why? Beats me. Difficulty has nowhere to go but up and if you are banking on future value then you should just buy the coin itself and save yourself the hassle.

2. There will be a big sell off of second hand GPUs, that is for sure. Will mining still be profitable? Who knows.

3. Use whattomine.com for a straightforward answer.

[manji]

POW to POS is normal situations. The debate about ROI happened only new miner when buying a GPU for a high price. When ETH become POS, especially AMD miner can switch to ETC or whatever a profitable coin.

[szafa]

Dont mining and i dont have the problem.

[Marvell2]

buying gpus for twice the real price is a sure way to loose money

[maxmeme]

Difficulty growth is part of the design of Ethereum when the leads to POS so less wastage of electricity and others comes in mind. So embrace it and if mining Ethereum is still profitable, you can continue to do. Else, switch to other coins.

[Jr.Sasha0209]

as the ether is only needed for the future and pumped off on pampas, because at the current rate it is a total horror, the payback of equipment is more than 3 three, so think, let long not touch these coins!