Just a curiosity

[joseyphil82]

What will happen to Ethereum proof of work if asic miners are banished? Will the mining profitability reduce marginally or it won't affect the ROI? Are higher Hashrates better or not? Wil it affect Ethereum value ?

[miner29]

It would probably improve profitability.  Asics are not what is driving the ETH price and network

[Bitbtc8]

Miners aren't the ones driving Ethereum price I believe, if some miners got blocked today it won't affect the price and infact the remaining miners will start cashing out big time, the lesser the difficulty the higher the reward

[Stanlo]

What will happen to Ethereum proof of work if asic miners are banished? Will the mining profitability reduce marginally or it won't affect the ROI? Are higher Hashrates better or not? Wil it affect Ethereum value ?

Absolutely nothing, it means there will be more rewards for gpu miners to share among themselves, you will get more Ethereum sats better than before, mining difficulty used to drive price in the past but I don't see that happening anymore, things have changed alot

[fmz89]

What will happen to Ethereum proof of work if asic miners are banished? Will the mining profitability reduce marginally or it won't affect the ROI? Are higher Hashrates better or not? Wil it affect Ethereum value ?

yeah definetly if asic cannot mine eth again we should got profit like bullrun 2017 the hashrate will go down drastically, there are already lot of new asic on eth network, yet not released on public sale

the network increased every week, manufactured really bussy 24/7 produce and deploy they rigs

[Byakuga]

I really wish that Ethereum can stop asic miners but isn't that selfish because asic miners costs alot and buyers have to get their ROI back too, if asic miners are removed Ethereum difficulty will decrease and gpu miners will earn insane amount of Ethereum

[FP91G]

What will happen to Ethereum proof of work if asic miners are banished? Will the mining profitability reduce marginally or it won't affect the ROI? Are higher Hashrates better or not? Wil it affect Ethereum value ?

Do you like to fantasize?
That will not happen. Ethereum wants to quickly switch to the new POS algorithm and they will not change the current algorithm for mining.

[Furryball]

What will happen to Ethereum proof of work if asic miners are banished? Will the mining profitability reduce marginally or it won't affect the ROI? Are higher Hashrates better or not? Wil it affect Ethereum value ?

Do you like to fantasize?
That will not happen. Ethereum wants to quickly switch to the new POS algorithm and they will not change the current algorithm for mining.

I can't see any sign of quick switching to POS any sooner, why the EIP 1559 plan if PoS algorithm is already around the corner? I don't see that happening at any time, PoW algorithm is a big part of why Ethereum comes this far today, vitalik won't want to risk that

[Balladtony77]

What will happen to Ethereum proof of work if asic miners are banished? Will the mining profitability reduce marginally or it won't affect the ROI? Are higher Hashrates better or not? Wil it affect Ethereum value ?

Do you like to fantasize?
That will not happen. Ethereum wants to quickly switch to the new POS algorithm and they will not change the current algorithm for mining.

So POW and POS algorithm will both exists on Ethereum blockchain? Where did you get this information from or you just guess things out on your own without official announcement? Anyway I pray it will be so honestly it's what I hope for, POW algo need to keep existing on Ethereum blockchain

[batsonxl]

What will happen to Ethereum proof of work if asic miners are banished? Will the mining profitability reduce marginally or it won't affect the ROI? Are higher Hashrates better or not? Wil it affect Ethereum value ?

Do you like to fantasize?
That will not happen. Ethereum wants to quickly switch to the new POS algorithm and they will not change the current algorithm for mining.

So POW and POS algorithm will both exists on Ethereum blockchain? Where did you get this information from or you just guess things out on your own without official announcement? Anyway I pray it will be so honestly it's what I hope for, POW algo need to keep existing on Ethereum blockchain

what i have learnt after final phase there will be no more mining ethereum only POS. Buterin dont like idea that mining! because it is waste alot of heat bla bla bla. they dont even think how much just 1 car gives heat to atmosphere. And yet they driving thousand miles millions miles billion miles every day if you take all cars on planet.