Arrow Glacier upgrade / ETH minable till June 2022 / difficulty bomb delaying

[swogerino]

Testnet Ethereum 2 has already been launched.
I also want to mine Ethereum for as long as possible, but I need to evaluate my investment in mining, because Ethereum mining may end within 6 months, and there are no profitable alternative coins yet.
And after the news of the termination of mining, the price of the coin may well rise.

I just made a test with my 280 Mhsh rig.In Ethereum mining right now I make about 550 USD and pay like 50 USD in electricity so a profit of 500 USD per month.I tried for a couple of days this 280 Mhsh in Ethereum Classic and it made me like near 300 USD monthly minus 50 USD in electricity 250 USD still profit at a really low price of Ethereum Classic right now.Also in RVN it was 135 Mhsh and near the same result as Ethereum Classic just a bit better than that.
My point is that if you have cheap electricity you can still mine other coins in a profitable way.Not everything is lost even if Eth goes PoS in the near future.

[sp_]

What do you mean billions of dollars will be removed? How do miners contribute to a project exactly? They are usually an expense because they sell their miner rewards to pay for their gear, electricity and income.

Some is used to pay for electricity and gear, the rest is kept in the coins they support. Some where mining ethereum when the price was $1 a coin, you don't need many coins to reach millions of $$$ with todays price.  Some of the biggest Ethereum owners are old miners. I read that 7.4 Million Ether, Close to $30 Billion Locked in ethereum 2.0.. When the oldtimers start the sellof down to $40. The 30 billions locked could be reduced to 0.3 billion, and there is nothing the staking holders can do about it..

Not a difficulty bomb anymore, but a squeeze..

Currently $ 9.26 billions worth of ethereum is mined every year. What will happen when miners can't find other coins to mine and have to dump ethereum to pay  for the electricity ?

[Metroid]

Some is used to pay for electricity and gear, the rest is kept in the coins they support. Some where mining ethereum when the price was $1 a coin, you don't need many coins to reach millions of $$$ with todays price.
Some of the biggest Ethereum owners are old miners. I read that 7.4 Million Ether, Close to $30 Billion Locked in ethereum 2.0.. When the oldtimers start the sellof down to $40. the 80billions locked will be reduced to 0.3 billion.
Not a difficulty bomb anymore, but a squeeze..

Well as soon as eth devs does the merger, all those staked coins are free to be sold in the exchanges, if the price is around 300 usd then I think some will sell cause everybody needs money, the majority will keep their coins, if eth at that time is high lets say 2k or higher then yeah, will be a mass selloff, making eth to crash to less than 300 usd and people dont buy prior bear market cause they know there will be no profit if they buy the dip, meaning, eth will crash very hard, how low? that is the question.

[sp_]

Well as soon as eth devs does the merger, all those staked coins are free to be sold in the exchanges,

Right.

So if the devs decide to stop mining at 04-july-2022, the miners will have good time to dump their coins before that. And on the 5th of july when the market open to trade the locked staking funds, the low price can trigger another selloff.

[Metroid]

Well as soon as eth devs does the merger, all those staked coins are free to be sold in the exchanges,

Right.

So if the devs decide to stop mining at 04-july-2022, the miners will have good time to dump their coins before that. And on the 5th of july when the market open to trade the locked staking funds, the low price can trigger another selloff.

Yes and that is what will happen if there is no hehell crash up to that point, I dont believe eth will go to pos in july or even in 2022, like I said before most likely 2024 - 2026, I have a theory that eth will go pos before the next bullrun, will see how it goes.