The path moving forward for ex-Ethereum miners remains unclear
It’s been almost 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 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 consumer hashoveride tweeted:
GPU #mining is lifeless lower than 24 hours after the #merge.
Listed below 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 exhibiting revenue don’t have any marketcap or liquidity. The revenue is just not actual #btc
— Hashoveride (₿en Gagnon) (@hashoveride) September 15, 2022
Twitter consumer BakaMoriDesu advised 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 it is going to be worthwhile after the halving anymore.”
Ex-eth miners will transfer to no matter coin is extra worthwhile. As an RVN miner, I doubt it is going to be worthwhile after the halving anymore
— Фронтендер Орды ❤️ (@BakaMoriDesu) January 11, 2022
Cointelegraph contacted a couple of ex-Ethereum miners to search out out what their plans had been transferring ahead. Nonetheless, the final 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 providers is much from as worthwhile as eth was.”
“I’m doing analysis myself and my companions are wanting into choices,” Ander added, noting “GPU homeowners 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 stated that he’s presently 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 end result with my mining machine, however in the long run, it supported me and my household by way of the pandemic.”
