Future of ETH mining

[Coinfarm ventures]

I'm starting to get discount offers from GPU purchase agreement of 10-20 pieces but I don't have enough confidence to proceed because if PoS algorithm happens it will affects everything (PoW).

Just wait until July or August, when RTX 3080's will cost $400 a piece on feeBay, with miners offering 10-20 of them for $350 each. I too thought it was time to buy after RTX 3060's were $530 on Newegg. But this week, Newegg started selling them for $500, and news broke that PoS advanced to the next stage. So I'll return my order after mining for 2 weeks, then hopefully buy them back for < $250 this summer.

[sp_]

Ethereum classic will continue POW, and the price has risen +50% in the last week.

https://www.benzinga.com/markets/cryptocurrency/22/03/26213006/ethereum-classic-soars-on-reaction-to-key-pattern-miners-gain-interest-is-a-golden-cross-o

[StormHawk]

Postponed to 2023. That's what I heard.

Where did you them this news from can you drop me a link? Since the merge test net is completed I don't see any reason for more delays unless a new bug or problem is detected again.

[sp_]

Where did you them this news from can you drop me a link? Since the merge test net is completed I don't see any reason for more delays unless a new bug or problem is detected again.

The merge testnet had problems with 25% of the nodes. A success because more than 50% of the nodes worked, but not good enough to go live.

Another stresstest yesterday had some more issues..

Once today's shadow fork went live, the developer team noticed some issues with Ethereum-based software systems provider Nethermind and Hyperledger Besu, a Java-based open-source Ethereum client, Jayanthi tweeted on Monday.

https://www.coindesk.com/tech/2022/04/11/ethereums-first-mainnet-shadow-fork-goes-live-as-move-to-pos-continues/

[philipma1957]

Where did you them this news from can you drop me a link? Since the merge test net is completed I don't see any reason for more delays unless a new bug or problem is detected again.

The merge testnet had problems with 25% of the nodes. A success because more than 50% of the nodes worked, but not good enough to go live.

Another stresstest yesterday had some more issues..

Once today's shadow fork went live, the developer team noticed some issues with Ethereum-based software systems provider Nethermind and Hyperledger Besu, a Java-based open-source Ethereum client, Jayanthi tweeted on Monday.

https://www.coindesk.com/tech/2022/04/11/ethereums-first-mainnet-shadow-fork-goes-live-as-move-to-pos-continues/

So this leave the door open to stick with pow. It appears that it is shadow and backend work being done. Code is not that transparent. So who is to say that it works or does not work if you can't view it working or not working.

A percent of stake nodes dropped out. But not that many.  And the public can't see results of testing live.

Or I read too much into the article. I would love to see real time testing much like I can see realtime  btc blockchain.

Wow it could mean a few things are coming up very soon.

1) smooth switchover
2) bumpy switchover.
3) postponed switchover.
4) a disastrous switch over with huge amount of coins stolen/lost due to a glitch.

KEEP YOUR EYES OPEN AND READY FOR ACTION PEOPLE.

[adaseb]

Because Ethereum has gotten just way too complex and there are bugs everywhere pretty much. Not surprised they run into issues with that. Look at all these smart contracts that keep getting hacked and drained every few weeks pretty much.

It’s because they are very complex, have tons of bugs and most are undiscovered yet and basically it’s risky keeping large amounts of your money in them. There is a dev call I think in a couple of days and they will provide more info about the merge launch date and such.

[VRExpress]

Vitalik should just accept things the way it is, ETH can forever be a PoW coin and still do lots of great things, leave the gas fee thing for other small projects ETH cant be perfect 👌, if people want PoS just create a farming APY shit aside for ETH only.