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Author Topic: What is Most profitable coin after ether? Also any thoughts on prohash  (Read 548 times)
OgNasty
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September 21, 2022, 09:52:32 PM
 #21

The oldtimers are dumping their ETH and waiting to buy ETH POW. 2016 all over again... Easy money

They're dumping their ETH, sure.  That's what legacy finance people do in recessions.  Since ETH is basically owned by funds, it isn't surprising they used the merge to lock a ton of coins away, inflate the price, then dump like no tomorrow. 

I don't believe they're waiting to buy ETH POW though.  That would be dumb probably.  More likely they're raising cash and looking for good bargains on mansions. 

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September 21, 2022, 10:52:46 PM
 #22

Quote
Gary Gensler, head of the Securities and Exchange Commission (SEC), has said on numerous occasions that PoW assets such as BTC are commodities, not securities, and should therefore not be regulated as securities.

That’s not the case with PoS, according to Gensler. Last week, the SEC chief commented that digital assets that allow investors to stake their holdings in exchange for new coins may qualify them as securities. The implication, of course, is that oversight of these coins may end up being just as rigorous as that of stocks, bonds, ETFs and other highly regulated assets. Besides ETH, other popular PoS cryptocurrencies include Cardano, Polkadot and Avalanche.

https://www.forbes.com/sites/greatspeculations/2022/09/21/decision-to-switch-ethereum-to-proof-of-stake-may-have-been-based-on-misleading-energy-fud/?sh=4497457b384a


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September 21, 2022, 11:22:02 PM
 #23

if the greedy don't close their rigs and don't leave 2-3 cards at most, no coin is going to be profitable. ethereum is over and so is the party.
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September 22, 2022, 06:56:42 AM
 #24

if the greedy don't close their rigs and don't leave 2-3 cards at most, no coin is going to be profitable. ethereum is over and so is the party.
They can't keep up to this forever, very soon the difficulty of every small altcoins will start going down bit by bit and graphic cards will flood the market, it seems that only bull market is when mining will be a bit profitable and nothing will happen in a bear market, I still believe that no other coin will be like Ethereum.

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September 22, 2022, 10:54:55 AM
 #25

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