ETH mining nearing end of life - When will you liquidate your rigs?

[Ketesnuko]

Personally i will not sell any of my few gpus when eth can no longer be mined i will simply go on to mine some other altcoins such as ergo, flux, ravencoin the gains will be lower but still acceptable

The gains will be lower in USD value but you will get more coins due to less mining difficulty, the truth is once mining becomes less profitable many will walk away and wait for another bull season because they can't even pay for the mining electrical cost.

[sxemini]

Personally i will not sell any of my few gpus when eth can no longer be mined i will simply go on to mine some other altcoins such as ergo, flux, ravencoin the gains will be lower but still acceptable

You can´t know the the gains after the merge - so you can´t be sure is it acceptable or not  but sure a also don´t sell any of my gpu´s, all are paid of.

[Metroid]

Bitcoin is very profitable at moment, 200t gives around 40 usd net per day and if difficulty does not rise then will be profitable as much, sheeps are overpaying for btc at moment, from 2018 to july 2020, bitcoin was negative profit, you paid to mine, eth devs can change anytime eth profitability, bitcoin profitability is only bound by difficulty, bitcoin has a principle, eth is pure centralized scam, ravecoin and some other coins follow bitcoins principle in that regard. Anyway, the market will stabilize itself and old traders will never buy bitcoin at this price because they hate paying more than what it actually cost to produce which at moment, is around 10k to produce one btc, check the link below to see the truth.

https://whattomine.com/coins/1-btc-sha-256?hr=200000.0&p=4000.0&fee=0.0&cost=0.1&cost_currency=USD&hcost=0.0&btc_enabled=true&btc=10546.54&span_br=1h&span_d=&commit=Calculate

Because of this halving principle, bitcoin cant increase its value anymore and scammers hate that hehe, like I said before market will correct itself due time, sheeps can overpay now but value will always return to its principle. ETH centralized scam will have the same fate, not due to a principle, due to being a scam itself.

[cryptomini]

How Many Ethereum Are Left?

The total supply of Ethereum is capped at 18 million ETH. This figure is based on the maximum supply limit set by the Ethereum network. As of 2021, there are currently roughly 115 million ETH in circulation. This means that the total number of ETH left is roughly 17 million ETH.

[adaseb]

Very odd to see someone bump this thread. I remember making it in early 2022. In hindsight if we all followed my predictions when I made this thread then you would of liquidated your rigs at a great price. However it was delayed by a few months, should of went POS by July but instead it went POS by November.

After it went POS the mining profitability went down substancially. Many held their GPUs because we assumed that ETH POW would live on but it didn't really catch any attention. Crazy how much mining has changed in the last year.

[FP91G]

Very odd to see someone bump this thread. I remember making it in early 2022. In hindsight if we all followed my predictions when I made this thread then you would of liquidated your rigs at a great price. However it was delayed by a few months, should of went POS by July but instead it went POS by November.

After it went POS the mining profitability went down substancially. Many held their GPUs because we assumed that ETH POW would live on but it didn't really catch any attention. Crazy how much mining has changed in the last year.

"2013-2017-2021-2025" Don't forget this sequence

[adaseb]

Since 2017 most of the GPU profitability was due to Ethereum. How many new projects these days are POW based? What was the last successful POW coin that launched?

I think our only hope is that SEC seems all ICOs as securities and then maybe new projects will be POW based. Then I can see them making a come back. But you know how most new projects are. They want to raise capital as quick as possible and POW is not the way.

[JayDDee]

Very odd to see someone bump this thread.

I've seen a couple of other similar posts in the past few days: old thread, off topic, newbie account sharing "wisdom" but mostly nonsense,
and looks like it was written by an AI.

[FP91G]

Since 2017 most of the GPU profitability was due to Ethereum. How many new projects these days are POW based? What was the last successful POW coin that launched?

I think our only hope is that SEC seems all ICOs as securities and then maybe new projects will be POW based. Then I can see them making a come back. But you know how most new projects are. They want to raise capital as quick as possible and POW is not the way.

Is Ethereum a security?
We have already experienced similar situations in 2014 and 2019. Mining coins exist, but the profit is the same as in 2014 and 2019. The GPU minerum needs the developer of the new coin to adhere to the Asic-resistant algorithm, otherwise nothing will change.