Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: MrSpasybo on November 15, 2020, 11:33:09 AM
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With the launch of ETH 2.0 coming closer than ever, I wonder what strategies ETH miners will have to continue making a profit in the crypto sector.
Here are some suggestions:
1. Sell the mining system and use the crypto assets to participate in staking with ETh 2.0;
2. Using mining system to participate in other POW blockchain, eg ETC;
3. Staking ETH 2.0 & mining of other POW blockchain;
4. Change the field from mining/staking to DeFi investment or trading;
5. Give up the crypto field.
Which scenario do you think is the most feasible?
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I think this miner's expertise is specifically dedicated to Ethereum mining.
The logic is that they understand very well how mining works, algorithms, electricity costs, internet and hardware.
They must have had some spare funds before the launch of Eth 2.0 and for sure they might be only a small part of it to trade Ethereum.
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I will first see how it will be after ethereum 2.0 is listed. Will the quality of ethereum get any better, will the price also increase. If it's good, then I don't hesitate to move assets to ethereum 2.0.
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I will first see how it will be after ethereum 2.0 is listed. Will the quality of ethereum get any better, will the price also increase. If it's good, then I don't hesitate to move assets to ethereum 2.0.
Yeah, I think we should see the progress of ETH 2.0 before making a choice, I have nothing to say, what kind of scenario is going on
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They will hold it and it is impossible to sell it right now because EThereum is now getting a higher price.
Ethereum miners will not be careless about selling EThereum because EThereum once broke the price of 1,000 USD and now the ETheruem price is still halfway there, which is around 500 USD.
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I can well assume that a significant number of miners sent their Ethereum savings to a deposit contract in order to use the opportunity to be a validator. One way or another, ETH is only at the very beginning of its development, despite its seven-year history. For every long-term investor, the future with Ethereum will be very rewarding.
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3. Staking ETH 2.0 & mining of other POW blockchain;
This may be very reasonable. Commonly a miner will consider continuing miner if it is still worthy. I am sure that they want to try again at first whether the mining is still profitable or not. And during the time, they can evaluate it to stop or continue. And of course, joining ETH staying may be a good idea.