Ergo coin is going to play a vital role in PoW algorithm mining because it's the next minable coin with smart contracting, the use case that this project possess is very good compare to raven coin so I believe it will be a good alternative for long term if EIP1559 have a huge negative effect on its PoW mining reward, what do you think?
I don't think the EIP 1559 will be enough to reduce the GPU mining profitability to justify the migration towards another coin. EIP 1559 is estimated to cut the profitability between 10-25%.
It's more when The Merge will happen with ETH 2.0 that we will see all the GPU miners switching to another coin.
I was watching an interview from Son of a Tech with the core developer of Ergo Alexander Chepurnoy and it's encouraging for GPU miners. Alexander see a bright future for GPU miners.
https://www.youtube.com/watch?v=2QC-u2KvXN4&ab_channel=SonofaTechIMHO, when you study the different crypto consensus mechanism (Proof of Work (PoW), Proof of Stake (PoS) or Delegated Proof of Stake (DPoS)), you realized that there's no perfect system. I think PoW is here is stay.