{"id":30296,"date":"2022-09-27T11:01:54","date_gmt":"2022-09-27T11:01:54","guid":{"rendered":"http:\/\/egrowonline.com\/?p=30296"},"modified":"2022-09-27T11:01:54","modified_gmt":"2022-09-27T11:01:54","slug":"the-path-moving-forward-for-ex-ethereum-miners-remains-unclear","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=30296","title":{"rendered":"The path moving forward for ex-Ethereum miners remains unclear"},"content":{"rendered":"


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It\u2019s been nearly two weeks since Ethereum made its historical transition from proof-of-work (PoW) to proof-of-stake (PoS), and some ex-Ether (ETH<\/a>) miners say they remain clueless on how to move forward.\u00a0<\/p>\n

Following the Merge, many took to Crypto Twitter to discuss what they believe will happen to these former Ethereum miners. On the day of the merge, Twitter user hashoveride tweeted: <\/p>\n

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GPU #mining<\/a> is dead less than 24 hours after the #merge<\/a>.<\/p>\n

Here are the three largest #GPU<\/a> chains and current daily profitability with a 3090 GPU and 6 us\u00a2\/kwh#ETC<\/a> -7 \u00a2#XMR<\/a> -37 \u00a2#RVN<\/a> 2 \u00a2<\/p>\n

The only coins showing profit have no marketcap or liquidity. The profit is not real #btc<\/a><\/p>\n

\u2014 Hashoveride (\u20bfen Gagnon) (@hashoveride) September 15, 2022<\/a><\/p><\/blockquote>\n

Twitter user BakaMoriDesu suggested in a tweet that ex-eth miners were just going to move on to the next profitable coin, adding, \u201cAs an RVN miner, I doubt it will be profitable after the halving anymore.\u201d <\/p>\n

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Ex-eth miners will move to whatever coin is more profitable. As an RVN miner, I doubt it will be profitable after the halving anymore<\/p>\n

\u2014 \u0424\u0440\u043e\u043d\u0442\u0435\u043d\u0434\u0435\u0440 \u041e\u0440\u0434\u044b ❤️ (@BakaMoriDesu) January 11, 2022<\/a><\/p><\/blockquote>\n

Cointelegraph contacted a few ex-Ethereum miners to find out what their plans were moving forward. However, the general consensus revealed that many were still unclear on their next steps. Former miner Christian Ander shared with Cointelegraph:<\/p>\n

\u201cTo be honest, I don\u2019t know myself yet. Selling GPU power to other computing intense services is far from as profitable as ETH was.\u201d<\/p><\/blockquote>\n

\u201cI am doing research myself and my partners are looking into options,\u201d Ander added, noting, \u201cGPU owners are doing research and selling power to non-crypto projects. And when the energy prices are very high, they shut down and sell excessive power to the grid.\u201d Ander said that he\u2019s currently not mining any crypto and is just evaluating the market. <\/p>\n

Another ex-Ethereum miner, Kevin Aguirre, shared with Cointelegraph that he had sold his hardware to his partner, who was now using it to mine other coins, noting:<\/p>\n

\u201cI do have some regret in my outcome with my mining machine, but in the end, it supported me and my family through the pandemic.\u201d<\/p><\/blockquote>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s been nearly two weeks since Ethereum made its historical transition from proof-of-work (PoW) to proof-of-stake (PoS), and some ex-Ether (ETH) miners say they remain clueless on how to move forward.\u00a0 Following the Merge, many took to Crypto Twitter to discuss what they believe will happen to these former Ethereum miners. On the day of […]<\/p>\n","protected":false},"author":1,"featured_media":30297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[11439,521,2091,985,738,6531],"class_list":["post-30296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-exethereum","tag-miners","tag-moving","tag-path","tag-remains","tag-unclear"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvMWM3NDYxYzQtNDM4MS00YWYzLTk4YmQtODFiZjRkYzhkNTk5LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30296"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30296\/revisions"}],"predecessor-version":[{"id":30298,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30296\/revisions\/30298"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/30297"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30296"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}