It’s been practically two weeks since Ethereum made its historic transition from proof-of-work to proof-of-stake, and a few ex-ETH miners say they continue to be clueless on how you can transfer ahead.
Following the Merge, many took to crypto Twitter to debate what they imagine will occur to those former Ethereum miners. On the day of the merge, Twitter person hashoveride tweeted:
GPU #mining is useless lower than 24 hours after the #merge.
Listed here are the three largest #GPU chains and present every day profitability with a 3090 GPU and 6 us¢/kwh#ETC -7 ¢#XMR -37 ¢#RVN 2 ¢
The one cash displaying revenue don’t have any marketcap or liquidity. The revenue shouldn’t be actual #btc
— Hashoveride (₿en Gagnon) (@hashoveride) September 15, 2022
Twitter person BakaMoriDesu urged in a tweet that ex-eth miners had been simply going to maneuver on to the subsequent worthwhile coin, including, “As an RVN miner, I doubt will probably be worthwhile after the halving anymore.”
Ex-eth miners will transfer to no matter coin is extra worthwhile. As an RVN miner, I doubt will probably be worthwhile after the halving anymore
— Фронтендер Орды ❤️ (@BakaMoriDesu) January 11, 2022
Cointelegraph contacted just a few ex-Ethereum miners to seek out out what their plans had been shifting ahead. Nonetheless, the overall consensus revealed that many had been nonetheless unclear on their subsequent steps. Former miner Christian Ander shared with Cointelegraph:
“To be trustworthy, I don’t know myself but. Promoting GPU energy to different computing intense companies is way from as worthwhile as eth was.”
“I’m doing analysis myself and my companions are wanting into choices,” Ander added, noting “GPU house owners are doing analysis and promoting energy to non-crypto initiatives. And when the vitality costs are very excessive, they shut down and promote extreme energy to the grid.” Ander mentioned that he’s at the moment not mining any crypto, and is simply evaluating the market.
One other ex-Ethereum miner, Kevin Aguirre, shared with Cointelegraph that he had bought his {hardware} to his companion, who was now utilizing it to mine different cash, noting:
“I do have some remorse in my final result with my mining machine, however ultimately, it supported me and my household via the pandemic.”
