Ethereums The Merge June
So Turns out a latest tweet from tim himself mentioned that The Merge just isn’t taking place in June however nonetheless loads of un answered questions that actually is not any information to go off of but.
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CPU MINING Profit…
Totally agree with Alex Rafe. Mining right now is shaky for those that need to turn a profit to pay their power bill or cash out each payout. My approach has been to mine until the GPUs can't mine because even if the GPUs mining are breaking even it is still cheaper then to straight out buy Ethereum. Because of when I started and the amount of GPUs I have, I have time to hold until the price rises to a point where it is profitable. I know not everyone can do this but it is the only strategy that makes sense at current market values. For this reason I'm still buying GPUs that are within a certain price level. If the merge ever happens, new miners will be squeezed out due to low profits.
wrong info dont do that for some views
“…I highly recommend buying gpus…” you meant not buying gpus right?
If you don't believe the merge will happen this year, you should be stacking new gpus as hard as possible. Be greedy when others are fearful.
I cannot wrap my head around their proof of stake. Mining gave Ethereum its actual value
Im new future miner just waiting new gpus to drop old prices ,also waiting eth to drop out and see profits of other coins then will start,thats why i want eth to go pos asap lol
The merge is gonna get pushed and pushed because ppl are making money🤑🤑
“I don’t recommend buying GPUs” he says right after I just bought eight 3080’s.
Why tf is the merge so delayed! I just want them to release the damn thing already
Solar only works for 6 hours a day 4 hours peak it is not the solution. i had a solar guy come over and explain it all to me. even leasing the solar panels will not help because then the solar company controls your power bill.
I've never met the guy but is Tim essentially a miner troll? It's troll like what he posted and in that manner. If they delay we as miners should rub it in his face. I read him saying how people shouldn't spend $3,000 on a mining rig because of POS coming. How noble of him. Assuming his show is the only show in town. I'm not a follower of Tim but maybe others can set me straight. Is the guy not a miner troll? Shouldn't we send a collective LOL at more delays?
some things people don't account for is the reason eth is worth what it is cause so many people mine it, if people move to another coin its value goes with it , that's just how it works biggest hash rate equate to biggest price so thats something nobody is saying in these videos .
No coin can handle the hashrate of ETH please. You guys with your OH DONT BUY GPUS lol. I guess guys like BBT ar idiots for buying gpus? Right?
I mine coin as a hobby. I trade coin as a hobby. I am creating a shed with solar panels. I am also considering asic. I know that I may never spend this money but if it helps my wife and kids or gets me faster into retirement then it is all good.
It's good to keep in mind that there will be a earnings floor like there was in 2018 (when I started).
It all depends on power cost, I was barely above break even with my 580's (a few cents per day for each GPU) but it was all worth it in the end for those that hodl their coins and pay power out of pocket.
People won't mine at a loss so there will always be small profits for those with solar or cheap power.
The issue is that any algo's with ASIC's (like ETC) will drop the price floor well below what is sustainable for GPU's.
So unless ETC somehow reaches $3k each, it is dead to GPU miners once the merge happens with ETH.
If you listened in – one wanted to change the code to Pascal? from C=++ or some thing IDK code, so they are not agreeing on even what to do yet / and People are what gives value to anything , ETH goes POS we all run away so it better been mining real gold or be like cardino with billionairs using it paying stakers little to nothing and we be off mining in VAST hahrate the next – and value will come as we will be their – ETH may need to split to form new POS coin but leave rest going
Ah yes, a tempest in a teapot about one word: "June"! Did you notice how Tim replied only "June", when the comment/observation from Satoshi's Cat clearly stated "June/July"?
I suspect he did that for a very specific reason…
Of course it ain't coming. Maybe June 2042
Not financial advice….
My position still remains the same, they won't tell us the exact date for the safety of the network. The MERGE actually happens in MAY :$
@2:50 "there's no coin but ethereum that can handle the hashrate"
at current market prices. true. but there is other coins out there which if they reached the valuation of Polygon Matic, Shiba Inu, or Litecoin then they can surely take on all the real GPU hashrate. and if they go ballistic like Ethereum then we will see the glory days of GPU mining yet to come.
The best solution to this is to go Solar so you can eliminate the expenses of electricity.
it will happen but not this year . dont tell people man , let them sell there gear to us for cheap . lol
Plot twist: happens in May
Why is everyone preoccupied with roi? If mining speculatively you win in the end based on history. Yes, those wanting passive income might be in for an immediate shock. But just look back to mining eth in 2018. It was profitable then boom crash to point where many sold their rigs, but as long as you stacked that eth it increased by a huge amount years later. It has happened multiple times now. Same as BTC and asic mining in 2013, same as doge same as LTC… Just goes on and on in different cycles and trends in mining. Either reinvest into solar, (like you should have done back ~2018 anyway) or if you cant get solar, then dont freak out and try absorb the power bills and mine to a small loss or break even in anticipation of long run value increase of eth.
Dang I was hoping it would be here!
It too many scalpers
They got the old Rx 580 for 200$
To more! Crazy!
Man I can't wait for eth to die! For miners so gamers can get a good gpu and scalpers can lose money
Thanks for the video, great as always. Well I bought 4 A2000's about 2weeks ago and they are suppose to be here in a day or two. Hope I have enough time to make back some of the expense before the merge. I am on ETC now, hope it will see new price discovery before the merge, if not i will be looking for a new coin. Thanks for all you do. We all appreciate it very much. Dan
Happy mining. good job bro 💓 from BD 👌👍
They are always so cagey on the date. They are aware of the mass exodus that will happen by miners.