Ethereum 2.0 is FINALLY LAUNCHING?! What does that mean for MINING?!

[VoskCoin]

Ethereum 2.0 is finally launching, so does that mean that ETH mining is over?! Ethereum is GPU mineable as well as ASIC mineable, all mining rigs capable of Ethash can mine ETH, let's review for how much longer!
Sub to VoskCoin - http://voskco.in/Sub

https://www.youtube.com/watch?v=dgExupMWnXU


VoskCoin was actually created to document our crypto mining journey, and the first mining rig we ever had was an Ethereum GPU mining rig. Ethereum and Ethereum's proof of work POW blockchain consensus mechanism is actually responsible for birthing VoskCoin! We have built countless Ethereum GPU mining rigs and have reviewed all of the best Ethereum ASIC mining rigs, so basically, we have been following ETH mining closely for years! Ethereum 2.0 will bring in the next era of Ethereum, where Ether will no longer be mineable, and the ETH blockchain will run as proof of stake POS, a POS network like the one Ethereum 2.0 is building, is not mineable. So how long will Ethereum be mineable, is Ethereum mining going to die soon? Can you mine Ethereum on the 2.0 blockchain? We will review how much longer you can mine Ethereum as well as Ethereum mining profitability AND Vitalik Buterin's thoughts on Ethereum mining and POW!

Links!
What coins will you mine after ETH mining ends? Funny old Bitcointalk thread - http://voskco.in/g1DQ
Ethereum 2.0 launchpad starter guide - http://voskco.in/IYni
Ethereum 2.0 launchpad is live! http://voskco.in/eth22
Vitalik Buterin hopes that proof of work POW mining dies - http://voskco.in/eth23
Vitalik Buterin believes that attacking POW coins is cheap - http://voskco.in/eth24
Vitalik Buterin puts 3,200 ETH into ETH 2.0! http://voskco.in/eth25
GPU mining profitability RIGHT NOW - http://voskco.in/mgpus
ASIC mining profitability RIGHT NOW - http://voskco.in/amv
What is Ethereum 2.0's impact on GPU mining profits? Join the discussion on the VoskCoinTalk cryptocurrency forum! https://voskcointalk.com/t/eth-2s-impacts-on-gpu-mining-profit/8375?u=voskcoin

VoskCoin Facebook - https://www.facebook.com/VoskCoin/
VoskCoin Reddit - https://www.reddit.com/r/voskcoin/
VoskCoin Discord Server Invite - http://voskco.in/discord
VoskCoin Twitter - https://twitter.com/VoskCoin
VoskCoin Instagram - https://www.instagram.com/voskcoin/

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

None of the above links are affiliate or referral links, so this thread does not violate any bitcointalk rules

[1714981424]

1714981424

[1714981424]

1714981424

[1714981424]

1714981424

[1714981424]

1714981424

[fmz89]

i thought eth still continue mineable until 1-2 years to smooth transition from eth 1.0 transaction to 2.0

and there still mineable coin like chukwa v2, haven, etc, raven and other hiden coin

for small miner like me, still viable option continue to mine, hope new project come up with new gpu algo

[VoskCoin]

i thought eth still continue mineable until 1-2 years to smooth transition from eth 1.0 transaction to 2.0

and there still mineable coin like chukwa v2, haven, etc, raven and other hiden coin

for small miner like me, still viable option continue to mine, hope new project come up with new gpu algo

its likely ETH will still be mineable for a few more years, or at their speed.. maybe several lol

[adaseb]

From what I understand the POS to POW switch is Phase 1.5, they saw that Phase 2 will be about 2 years. So you can estimate about 1.5 years of POW mining left. However keep in mind that they never meet any deadlines, ever. So 1.5 years can easily turn into 2-4 years or so. The bigger issue is that most likely the miner reward will be reduced again like it was done twice in the past.

Since there is some staking done, most likely the POW reward needs to be reduced. I am no idea how much. And as a miner thats important because you can't count on the high eth fees to make mining profitable and neither on ETH to keep advancing in price. So there are many challanges here as a miner to overcome.

If you got some ETH, even less than 32 ETH, you can join some staking pool and get some rewards that way. Basically if only 532K ETH is staked you get like 22% per year. If more is staked then obviously its less.

[bocyaj]

i thought eth still continue mineable until 1-2 years to smooth transition from eth 1.0 transaction to 2.0

and there still mineable coin like chukwa v2, haven, etc, raven and other hiden coin

for small miner like me, still viable option continue to mine, hope new project come up with new gpu algo

Eth 1.0 is a depended one for the Mining of Eth 2.0.This is the base reason for the rise in Ethereum price.Some may not aware about the Eth 2.0, but it had good technical team like Eth 1.0.You should mine a trusted altcoin to get profit from it.

[badbart]

After eth 2.0 we better hope theirs a decent high market cap coin to mine that is unprofitable with the AMD rx 400 and rx 500 series cards.  Theirs so much power mining eth right now all that power would crush the profitability of other coins.  For example ETC is 1.35% of total ehash mining. 

[adaseb]

After eth 2.0 we better hope theirs a decent high market cap coin to mine that is unprofitable with the AMD rx 400 and rx 500 series cards.  Theirs so much power mining eth right now all that power would crush the profitability of other coins.  For example ETC is 1.35% of total ehash mining. 

The only coins that come to mind are Monero and Ethereum Classic, I don't think any other POW coins are going to be out because most projects these days are all POS or tokens. Gone are the days of 2014 when 90% of the projects that launched were using the Scrypt or SHA256 algo and miners had tons of opportunies of what to mine in those days.

Exchanges also don't like listing coins with their own blockchain, they rather just list some token and they don't need to keep a node running. This is important when an exchange has hundreds of coins and they need to keep restarting their nodes because a server crashed and the deposits/withdraws of that coin stopped. Poloniex and Bittrex had this issue alot back in the day, hence why so many coins had withdraws/deposits disabled while they had to restart the nodes.

So your best scenario is you can always sell the GPUs to miners on Craigslist or Facebook unlike ASICs which are more or less useless.

[batsonxl]

it means we are all screwed