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 learn how to transfer forward.
Following the Merge, many took to crypto Twitter to debate what they consider will occur to those former Ethereum miners. On the day of the merge, Twitter person hashoveride tweeted:
GPU #mining is lifeless lower than 24 hours after the #merge.
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 solely cash exhibiting revenue don’t have any marketcap or liquidity. The revenue isn’t actual #btc
— Hashoveride (₿en Gagnon) (@hashoveride) September 15, 2022
Twitter person BakaMoriDesu prompt in a tweet that ex-eth miners have been simply going to maneuver on to the following worthwhile coin, including, “As an RVN miner, I doubt it will be profitable 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 have been moving forward. However, the overall consensus revealed that many have been nonetheless unclear on their subsequent steps. Former miner Christian Ander shared with Cointelegraph:
“To be honest, I don’t know myself yet. Selling GPU power to other computing intense services is far from as profitable as eth was.”
“I am doing research myself and my partners are looking into options,” Ander added, noting “GPU 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.” Ander mentioned that he’s at the moment not mining any crypto, and is simply evaluating the market.
Another ex-Ethereum miner, Kevin Aguirre, shared with Cointelegraph that he had bought his {hardware} to his associate, who was now utilizing it to mine different cash, noting:
“I do have some regret in my outcome with my mining machine, but in the end, it supported me and my family through the pandemic.”