This miner is going to DOMINATE Ethereum Classic...

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Red Panda Mining

Red Panda Mining

Күн бұрын

Пікірлер: 209
@RedPandaMining
@RedPandaMining 2 жыл бұрын
I just got confirmation of the VRAM size of these iPollo models and other info from iPollo themselves below: iPollo V1 Mini Classic 130mh/s ETC has 3.6gb vram iPollo V1 Mini Classic Plus 280mh/s ETC 3.6gb vram iPollo V1 Mini ETH Miner 300mh/s ETH 6gb vram "regarding mining other coins with V1 mini Classic, our team is working on new firmware for other coins, within couple of weeks they will have the new firmware for ZIL, EXP, ETP. coin so its coming soon."
@Way2fast4ya
@Way2fast4ya 2 жыл бұрын
Thank god lol
@Arek_R.
@Arek_R. 2 жыл бұрын
This miner for $2k, 130mhs, 110W, resale value - paper weight. vs 2x 3070ti for $1k, 160mhs, 400W, addition of 290W costing around $350 extra per year, resale value around $600. Let's say those run for 3 years, you have extra profits on GPU side for additional 30MH/s and also $600 (300 each) resale value. Also the miner can only mine ETC, in the upcoming GPU mineable coins war, you really needs a GPU that can mine everything. This miner could be only viable if it would be less than $1k, and then still some would rather go for GPUs...
@axellarsson3461
@axellarsson3461 2 жыл бұрын
The resale value market isn't this product niche. If you are an incorporated miner you don't care about resale value since you can write off sub-$600/item electronics via accelerated plan over 3 years. But for home miners it's a good point.
@thedarksideoftrading7618
@thedarksideoftrading7618 2 жыл бұрын
2 3070ti for 1k? Where 🤣 minimum 1.6k
@DJ.1001
@DJ.1001 2 жыл бұрын
I'd much rather just buy a 3090. Roughly the same hashrate, power isn't that big of a deal as I have 5c per kw/h. No longterm value of an asic and not coin flexibility is a killer IMO.
@TswiftCrypto
@TswiftCrypto 2 жыл бұрын
why buy a 3090 over 3080ti at this point?
@felipazo27
@felipazo27 2 жыл бұрын
3090ti
@vwokili
@vwokili 2 жыл бұрын
what city do you live?
@georgefrench6487
@georgefrench6487 2 жыл бұрын
How do you get 5c kw/h?
@dailynonsensetv6128
@dailynonsensetv6128 2 жыл бұрын
Where u live pal?? In London we paying 0.40 cent kw
@gandalfdergraue8444
@gandalfdergraue8444 2 жыл бұрын
If that's efficient, what do you call the Jasminer X4-1U with avg. 520 MH/s at 240 watts? Roughly 5 times the hash rate of this thing and just takes about the double of power from what this thing takes..
@adalbertosjunior
@adalbertosjunior 2 жыл бұрын
I agree with u. Jasminer x4 it seems to be better.
@gandalfdergraue8444
@gandalfdergraue8444 2 жыл бұрын
​@@adalbertosjunior Yeah man, if it only wouldn't cost almost $10.000...
@gandalfdergraue8444
@gandalfdergraue8444 2 жыл бұрын
@@paul.1337 You mean, because of the noise, the Jasminer produces, right?
@canonip3000
@canonip3000 2 жыл бұрын
@@gandalfdergraue8444 They released a Q variant. 3U case with 1040 MH/s
@adalbertosjunior
@adalbertosjunior 2 жыл бұрын
@@paul.1337 if you buy 4 of this ipollo, you will have 520mhs, but you will have 416w of power consumption, investing 10k usd. This is why i think having a jasminer x4 is better (520mhs, 240w, investment 6.8k usd).
@Accord9669
@Accord9669 2 жыл бұрын
ya but how much that 3070 get mining on classic to compare?
@alexflu2
@alexflu2 2 жыл бұрын
shouldn't you plug in the power cable pins before you connect the power cable to the converter box?
@CyTaux
@CyTaux 2 жыл бұрын
Yup he probably just didn’t care lol
@ZeNch25
@ZeNch25 2 жыл бұрын
but ETC not is happy with ASICS and a new update can block it or not?
@HappyDictator
@HappyDictator 2 жыл бұрын
The future of eth classic is going to be specialized equipment. Ergo is gonna be the last chance we’ll have in the short term for a low power cool algorithm. Might pick one of these up just to built the Etc wallet
@gennaro4941
@gennaro4941 2 жыл бұрын
When ETH goes P.O.S...then all Eth related mining is going to get alot harder and going away...by going to POS they are pushing the mining community away... Nice way to thank us..by screwing us over...Thanks Vitalik
@bryanevans3536
@bryanevans3536 2 жыл бұрын
Over priced for the mh no thanks. But hey I would run it if I got it for free too!
@audieallen9734
@audieallen9734 2 жыл бұрын
word
@michaelmurray6577
@michaelmurray6577 2 жыл бұрын
I Love "mini blahblah" miners, they only need 24-7 mining for 36 to 60 month straight to regain the initial investment and then MAYBE start making you 30-40 bucks a month. 🤡
@bryanevans3536
@bryanevans3536 2 жыл бұрын
@@michaelmurray6577 crypto is so cheap right now it’s better to just buy then mine.
@SingerFam42
@SingerFam42 2 жыл бұрын
Asic miners are a little confused, it's a no brainer to avoid asic miners. I've come across a 3070 for almost 500 now so that's a quarter of the price for the same work performed but a bunch more algorithms to choose from. Asics sound interesting and nice until you look at the bigger picture and Asics are super restricted and I think a GPU should cost more than these things, some of these Asics are way overvalued. They know their machines only do one thing and it's sad something that can mine can't mine nothing but one coin it was made for, I think they are all trash unless somehow in the future they can mine multiple algorithms that way they can be all purpose miners instead of a one coin miner soon to be ewaste
@Tacosmix
@Tacosmix 2 жыл бұрын
I very much agree. Flexibility is key. Alternatively you could also invest in solar panels for the remaining amount (2000 - 500) and have cheaper electricity.
@rahulafajar216
@rahulafajar216 2 жыл бұрын
It only cost 1300$ in my local mining shop here in Indonesia , getting up to 2 years of roi from it.
@rahulafajar216
@rahulafajar216 2 жыл бұрын
pretty good pricing spot, because an 3080 still cost like 1500$ here
@nikolasgreek1633
@nikolasgreek1633 2 жыл бұрын
On 2000$ you buy 1 3090ti i think the companies they try to sell everything now bec of low price of eth etc
@CryptoRufio
@CryptoRufio 2 жыл бұрын
$2000?!?!?!?!? I built a GPU rig that pulls more Mh/s then that for about 500. Kind of insane the price points on the ASICS honestly.
@cidsapient7154
@cidsapient7154 2 жыл бұрын
yea thats what im saying i have 6 4GB polaris just sitting around ive been planning to put them for sale for less than $100 each i guarantee others are like me, especially with the nvidia unlock
@cidsapient7154
@cidsapient7154 2 жыл бұрын
@@paul.1337 compared to what?
@Prefered_vibrations
@Prefered_vibrations 2 жыл бұрын
at 110 watt? 😁
@CryptoRufio
@CryptoRufio 2 жыл бұрын
@@paul.1337 my consumption for my entire farm is minimal. It's low enough I just pay it out of pocket without even thinking about it. I live in a state with great cost of living. Makes a hell of a difference.
@clapidos6108
@clapidos6108 2 жыл бұрын
Please can you confirm the ipollo is 3gb memory where the etc dag is 2.96 so it have expiration date at June.
@CyTaux
@CyTaux 2 жыл бұрын
Hello, do these take normal GPU cables if I want to hook them up to a power supply?
@petergreco7831
@petergreco7831 2 жыл бұрын
But it only has 3.6g of ram. Not sure how it's going to dominate
@dogoshicatamoto269
@dogoshicatamoto269 2 жыл бұрын
so lets say you mine ETC with it, ok, the price of etc is down to 20dollar, today 130 mhs do 1,88dollar per day, SO, if the price stays that way, you need, WITHOUT electricity costs, 29 months to ROI, what a "dominator" =)
@maksimpolishchuk7991
@maksimpolishchuk7991 2 жыл бұрын
What price will Etc be after the merge? Do you think it will pass its all time high?
@artansadiku5020
@artansadiku5020 2 жыл бұрын
Yes,all time high ETC
@matthiash.2015
@matthiash.2015 2 жыл бұрын
Did you hear from the new Anexminer ET3? 300MH/s 260W and 6GB
@TheTravelersTravels
@TheTravelersTravels 2 жыл бұрын
I love these "at home" asics! A little pricey though..
@cryptochris6015
@cryptochris6015 2 жыл бұрын
Correct me if I’m wrong, but isn’t the ETC dag file going to exceed 5GB this fall?
@CyTaux
@CyTaux 2 жыл бұрын
No you’re goood til 2028
@truth12340
@truth12340 2 жыл бұрын
Wasnt Etc moving to sha256
@TechManTY.
@TechManTY. 2 жыл бұрын
this thing is about 3 years too late, i wouldn't buy it unless i had some disposable income to burn. speaking of burn, those connectors would probably be ok since they are using two .... 2k is steep for this especially if etc swaps algos.
@NJtek
@NJtek 2 жыл бұрын
I doubt innosilicon will be able to make an ASIC switch algorithms with a firmware update but the Jasminers will switch from ETH to ETC for sure they're built for both
@lecoinducoin
@lecoinducoin 2 жыл бұрын
Are you not afraid of etc switching to keccak algorithm ? I am concerned myself for sure.
@lovecodwaw
@lovecodwaw 2 жыл бұрын
Ipollo is a waste of $$$ due to the price being $2k and make like $2 a day... ya known only will take about 3 years to ROI.
@RedPandaMining
@RedPandaMining 2 жыл бұрын
For sure. Unless you were one of those mine and hodl type of miner n waiting for the price to go up but ya I hear ya.
@lovecodwaw
@lovecodwaw 2 жыл бұрын
@@RedPandaMining yea but even then... how much does it have to get to fornit to be worth something. Also take lknger than 3 years as difficulty is jus5 ganna rise
@ioveth8538
@ioveth8538 2 жыл бұрын
Real quickly. What is the total cost of all hardware for set up ? And how much ETC can then be mined per day as a result. Thanks
@blackmennewstyle
@blackmennewstyle 2 жыл бұрын
147.8MH/s @ 120W :O Pricing could use some more tweaking though :$
@michaelmurray6577
@michaelmurray6577 2 жыл бұрын
Let's be real, that machine should run us $500 max..
@Arek_R.
@Arek_R. 2 жыл бұрын
Your 6+2 doesnt fit because well, its a 6+2, those have tabs that need to fit either 6 pin or 8 pin connector so they are naturally wider. You just need to find double ended 6 pin cable, I'm sure you have like 100 floating around...
@RedPandaMining
@RedPandaMining 2 жыл бұрын
Tried finding singular 6 pin only, no where to be found lol
@Arek_R.
@Arek_R. 2 жыл бұрын
@@RedPandaMining Should be easily able to buy those, I would imagine those are sold as cables for asics/fpga
@markhall7222
@markhall7222 2 жыл бұрын
LIKE THE GOLD RUSH, MAKE MONEY SELLING THE TOOLS AND NOT MINING
@americanmambi
@americanmambi 2 жыл бұрын
Just take a pair of sharp wire cutters and trim down the tab so that it will fit...
@JanBrooks
@JanBrooks 2 жыл бұрын
Maybe at $500, not $2K. Nice clickbait video
@jumpshooter23
@jumpshooter23 2 жыл бұрын
I just bought this miner today. Ipollo has a deal going where you get the mini classic and the mini classic plus together for 1899. Seemed like a good value. I should have done more research than just checking it's daily profit expectation.
@uniswapnft
@uniswapnft 2 жыл бұрын
I'm not going to buy anything ,waiting for the bear market , and holding my money . Then I'll invest it like a pro .
@LanceMan6012
@LanceMan6012 2 жыл бұрын
Crypto mining is dying. ROI’s are turning into multi year endeavors. I’ll keep my $1,999.00 in my wallet.
@stuffinfinland
@stuffinfinland 2 жыл бұрын
I'd get a ASIC miner when the ROI is within under 400 days. With $2000 you'll get 5x3060 which yields $7.5 daily, no GDDR6X memory (stays cool) and you have a 3 year warranty through a local reseller. Worst case scenario would be sending stuff to China for warranty as 20% of the packages via Aliexpress gets lost via Sea freight cargo. But definately would purchase few if they were around $800 each.
@haojz88
@haojz88 2 жыл бұрын
$2000 is too much….belaymining has it for $1300 I believe…and the price will probably go down more….
@fullyelectric
@fullyelectric 2 жыл бұрын
RPM very awesome review, I truly like how you never recommend any ASIC and the funny thing is the bulk of my wealth come from mining with ASIC lol, it’s all good, I also know my A10 pro’s will NOT get any firmware upgrade for ETC, so Jaz miners will be for the win, also if you remember the A10 ETHMaster that never got the ETC firmware, I have been in contact with support and as of today I am told they are NOT working on ETC support, just note not because it’s the same algorithm does not mean you can mine other coins not supported, the coin support has totally different headers and negotiation than other coins using The same algorithm, so yeah the miner built in software has to have support for the coin regardless if it’s the same algorithm.
@4drien545
@4drien545 2 жыл бұрын
Definitely a fan of the efficiency, but not great hash for value. Probably better to buy a 3090, so you get it much sooner and it has eventual resale value
@ehtishamsaqib594
@ehtishamsaqib594 2 жыл бұрын
Do a budget asic miner updates
@redpandaredpandarespondtea4000
@redpandaredpandarespondtea4000 2 жыл бұрын
Appreciate the comment Saqib. You can contact me through the above mail for recommendation and guidance. Thanks
@ehtishamsaqib594
@ehtishamsaqib594 2 жыл бұрын
Thank you I really appreciate that
@spacebeast4486
@spacebeast4486 2 жыл бұрын
The arc when you plugged in the first power cable around 6:45 was unsettling... : O
@markw496
@markw496 2 жыл бұрын
Its a large paper weight! :)
@jacobobos
@jacobobos 2 жыл бұрын
Where does the square go? Into the square hole! Correct!
@jolly7188
@jolly7188 2 жыл бұрын
This just reminded me how unbeatable the 5700xt are right know.
@sickman5000
@sickman5000 2 жыл бұрын
I might go a grand on it but $2k is way overpriced.
@psychosisnerd4164
@psychosisnerd4164 2 жыл бұрын
nice paper weight tho
@fais2525
@fais2525 2 жыл бұрын
Wtf with this shit price for asic for 130 mhs
@EmpathVibe
@EmpathVibe 2 жыл бұрын
Eh I can't really trust a 3 year ROI time on an ASIC like that. The whole crypto space will be different by then.
@williamaviles3845
@williamaviles3845 2 жыл бұрын
for $2000 i would buy 2 3070 gpu's and still have at least $600 left in my pocket ...I ll just use my 6800 and my 3070 at about 240 watts and call it a day at 120 mh..
@povilaspinelis1693
@povilaspinelis1693 2 жыл бұрын
This is mistake - you rewieving product for about ~1000 $ but you taking price of PLUS version which is about ~2000 $ (Miner for 2k produces 260 mhs)
@BuzzKora
@BuzzKora 2 жыл бұрын
i understand why asics are so expensive but when you compare it to the versatility of a gpu and re-sell value and the fact this will take 1000 days to pay off :/ not that exciting anymore
@allthankstohackerjuaneonte5946
@allthankstohackerjuaneonte5946 2 жыл бұрын
WOW I’M SO EXCITED WITH THE SUM I CONFIRMED INTO MY BLOCKCHAIN WALLET FEW MINUTES AGO. IT WAS SO AWESOME 👋👋
@TheFutureisTheFuture
@TheFutureisTheFuture 2 жыл бұрын
GPU seems like a much more logical choice... YMMV
@christoperdeypalubos2302
@christoperdeypalubos2302 2 жыл бұрын
They will become obselete sooner or later, ETC is commited becoming ASIC Resistant like RVN,SERO,FIRO,BTG specially ETC experience an attack before, they wont hesitate forking, plus ASIC dont have any resell value when become obselete to its algorithm
@Phantast.
@Phantast. 2 жыл бұрын
I'm looking for an ycash miner
@redpandaredpandarespondtea4000
@redpandaredpandarespondtea4000 2 жыл бұрын
Sorry for the late response. Inbox me on my mail for swift response. Appreciate the viewership
@davedismantled
@davedismantled 2 жыл бұрын
$15 per MH/s to purchase and ROI is 1000 days? I dunno know…..
@botlifegamer7026
@botlifegamer7026 2 жыл бұрын
130mhs at 100+ watts. for 1900 in a bear market is not a good pricing wasn't there like 300mhs ones for 900usd
@LLYoutube565
@LLYoutube565 2 жыл бұрын
1300 day ROI at todays price and hashrate
@JohnSmith1116743
@JohnSmith1116743 2 жыл бұрын
Thought the best was the miner you were pushing last week as the best eth miner
@bigpepper789
@bigpepper789 2 жыл бұрын
Can you try to walk around with it in a backpack see if it mines of course you would need a large portable battery but I wonder if it can mine while moving around. In the vicinity of your wifi connection
@lukefuno
@lukefuno 2 жыл бұрын
No, the price is not justified in my opinion. It works well for the miner's creator.
@vabspafa6008
@vabspafa6008 2 жыл бұрын
Beautiful lights. You can't tell what kind of processor it is. I would of course mine with such a farm in Utopia P2P ecosystem. Since there are nice bonuses
@mrourcanada8964
@mrourcanada8964 2 жыл бұрын
Well it’s a cool little minor but not for the money I’d rather just buy More Cards instead
@garrettt6513
@garrettt6513 2 жыл бұрын
I love the feeling of the FE cards. I have gotten one so far out of the years of buying cards for just my computer, or mining. They are so different, but fit so well.
@nicholasd343
@nicholasd343 2 жыл бұрын
5:52 - That’s what she said!! ☺️
@syazlanj
@syazlanj 2 жыл бұрын
i tried CLO just a few weeks already, just to share... my profit on k1pool with 1gh on solo mining was more than ETC profit shown in what to mine.. Better try out now..
@Goodsdogs
@Goodsdogs 2 жыл бұрын
Love the quality of the videos brother , your hard work is definitely shown.
@wx2833
@wx2833 2 жыл бұрын
ETC already changed the algorithm from ethash once to etchash; different block header information; and they are still taking about changing it again to sha3 .. So, I wouldn't risk it. What type of memory?
@franklinfarms4166
@franklinfarms4166 2 жыл бұрын
hey RPM you want a free content idea? run one of these on solar for fun :)
@SerpentXTech
@SerpentXTech 2 жыл бұрын
You need more room down there. I might have one on the way, if iPollo accepts my proposal.
@MMOStars
@MMOStars 2 жыл бұрын
Would be nice to see asics opened to see what's inside of them during the reviews.
@gellos32
@gellos32 2 жыл бұрын
Hashboards
@vertechFx
@vertechFx 2 жыл бұрын
avoid using the supply .. and they fit
@coniferousbug2395
@coniferousbug2395 2 жыл бұрын
if its $200...I would definitely buy it LoL
@saiaman01
@saiaman01 2 жыл бұрын
Same mhs/w as a rx6600 i think …. Mine run at 41w 29mhs
@TheMaloogalooga
@TheMaloogalooga 2 жыл бұрын
I had an undisclosed amount of these that were stolen before I had a chance to use them. Can’t waiting to get the chance to get more. As a home miner with limited power options it’s an excellent iption
@ozarkstacker5415
@ozarkstacker5415 2 жыл бұрын
Cool idea, but too bad that they didn't give it enough memory to mine ETH, it would have cost so little to do that. At the price, it doesn't make a lot of sense. IMO. Great vids RPM!!
@cryptsys
@cryptsys 2 жыл бұрын
yea it really doesnt. thats $2k for what $1.70 a day before electric? way better to just do w/e gpu does more eth for $2k and convert to etc
@Jinwoosung-t6p
@Jinwoosung-t6p 2 жыл бұрын
Man I hope miners switch to ETC and pump up the price !!!
@SevericK_BooM
@SevericK_BooM 2 жыл бұрын
Jasminer still a better option if you’re in this kind of market I think
@redpandaredpandarespondtea4000
@redpandaredpandarespondtea4000 2 жыл бұрын
Thanks for sharing your thought Colton. Feel free to contact me for more guidance and recommendation. Sorry for the late response
@NJtek
@NJtek 2 жыл бұрын
ethereum classic is etchash not ethash
@W_luX
@W_luX 2 жыл бұрын
for 500 ok, but not for 2000 !
@mrjonesyyy
@mrjonesyyy 2 жыл бұрын
I've never considered any ASIC miner. They make 0 sense outside of selling lol... at least at these prices. Even if you believe in ETC, a 3070 still make more sense.
@henryksaper9160
@henryksaper9160 2 жыл бұрын
Efficient but doesnt make sense. How long you need to mine to get 2k usd back lol
@fireandlave0
@fireandlave0 2 жыл бұрын
5 gbs might not be enough for eth
@polecabo
@polecabo 2 жыл бұрын
This little guys are awesome space warmers that build wallets. Fit some whenever heat is needed and make a little money with the electricity. Not a profit strategy, but I get sad when I see people at the office burning electricity away to warm their feet
@willuminebtc6044
@willuminebtc6044 2 жыл бұрын
if it had 5gb of VRAM I would have bought 1 or 2 of them, but I cant justify buying one that's not going to last 2 years.
@vertechFx
@vertechFx 2 жыл бұрын
clip off the clip with some snips you should be fine.
@johnrhodes1480
@johnrhodes1480 2 жыл бұрын
$1700 for a RTX 3090 and you can mine anything!!! They definitely need to drop the price to half...
@ReadxOnly
@ReadxOnly 2 жыл бұрын
Thanks for the review. On thing I do like about Asics over GPUS is that you plug and go. They just work. No tuning, no OS setup. No crashes.
@degenhexican9355
@degenhexican9355 2 жыл бұрын
More hardware I'll never be able to afford
@troy2923
@troy2923 2 жыл бұрын
Nice review brah, cheers, always good updates
@schafercunningham
@schafercunningham 2 жыл бұрын
Wow that plastic peel was amazing
@SKUNKHERO4EVER
@SKUNKHERO4EVER 2 жыл бұрын
common Panda thats piece of crap . . .maybe for 200 bucks . . .
@wednesdaybytes
@wednesdaybytes 2 жыл бұрын
I just started gpu mining too bad I'm getting into it so late!😥😥
@neerajjain329
@neerajjain329 2 жыл бұрын
this miner is available at 1/10th this price
@DimaTkachenko
@DimaTkachenko 2 жыл бұрын
There is a spark when he plugs firs cable into asic😂
@bobsmith5134
@bobsmith5134 2 жыл бұрын
you would make more selling the miners than mining...roi lmao
@smollminingchannel2297
@smollminingchannel2297 2 жыл бұрын
Personally i would not buy it just because it only mine on a single algorithm. But as you said if you are someone who cares a lot of efficiency then go for it. Haha. Also i really missed those days where you unboxing stuff using only riser without using proper knife RPM. Haha
@RedPandaMining
@RedPandaMining 2 жыл бұрын
Lmao ill remember to use a riser to unbox sometime! But in the video I did recommended to buy a gpu instead.
@mydogsbutler
@mydogsbutler 2 жыл бұрын
Even at $2 its over 3 years to break even (unit + electricity). And although it might make $2/day on ETC classic right now when regular ETH merge happens the hashrate on ETH classic is going to skyrocket.. ETH Classic might be an attractive option to miners but it doesn't have a value proposition over other coins to drive up the price to ETH levels. Lots of miners mean lots of sellers... but not enough buyers to deal with the glut of supply (especially if massively increased difficulty level drives up price).
@flameartz8916
@flameartz8916 2 жыл бұрын
10/10 comment appreciate it
@jonymanay
@jonymanay 2 жыл бұрын
When the big players jump to etc. My bet is eth2.0 is going to get attacked. The shards will be hosted at cloud servers which are going to become targets for hackers. ETC will be pumped and shilled as the eth2.0 killer. Prices will go up. Im gambling on etc taking eths spot. And all the eth i mine im trading for etc. Or do you think all the big miner farms are just gonna shutdown no questions asked.
@mydogsbutler
@mydogsbutler 2 жыл бұрын
@@jonymanay "Or do you think all the big miner farms are just gonna shutdown no questions asked" Not all farms are the same.. The ones with ASICs only work with certain coins. When the merge finally happens What's probably going to happen is ASICs in jurisdictions with expensive electricity are eventually going to shut down. Profit margins are going to become razor-thin. Over a few months, many will realize they can't even cover electricity costs and shut down. Might be able to recover some costs by selling equipment to places with cheap electricity. With GPUs although technically there will be a wider selection of coins, they won't be able to compete on coins with ASICS (unlike with ETH where both coexisted). So the only GPU farms that will survive are the one's with less power hungry GPUs, regions with cheap electricity, and coins that don't work with ASICs. Make no mistake... crypto winter is coming and this time it's not going to go away. The only real hope the vast majority of miners have (of existing equipment) is if someone comes out with workable model of proof of useful work (perhaps Flux... tbd) Even then, I don't think it will be as profitable as ETH was.
@mydogsbutler
@mydogsbutler 2 жыл бұрын
@@jonymanay Coins that depend on generating useless hashes have no long term future. Even putting aside environment costs, It's simply too slow and expensive per transaction. That's exactly why the merge was inevitable.
@jonymanay
@jonymanay 2 жыл бұрын
@@mydogsbutler When tether coins like Luna absolutely bomb. I wouldnt trust any tether or POS coin with no real backing or security. When Eth2.0 comes out lets see what happens. Theres a reason they keep delaying POS and thats security. Which POW miners currently provide.
@garymaya1767
@garymaya1767 2 жыл бұрын
Lol, dominate nothing when you cant mine eth. Ive discounted mining as income from crypto currency as a whole.
@gellos32
@gellos32 2 жыл бұрын
This will dominate etc and still won't pay for itself within 5 years
Not everyone can continue to mine...
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