Ravencoin Halving Affects
In this video I check out the after results of the Halving that occurred to Ravencoin. Its been simply over every week because the halving and issues are wanting higher but with this in thoughts I additionally take a fast peek into the consequences of Ethereum 2.0 and how GPU Mining could die off remember to share…
What's Your Thoughts On RVN as well as GPUMINING After ETH Is Gone? Be Sure To SUBSCRIBE!!
One thing to consider is that miners bring activity to a coin, both in trade activity as well as technical interest. Hard to say how much that matters, but ETH and BTC were partially catapulted by that activity. We can hope, anyway.
i hate when people only switching all coins only for profit
I never moved because I was betting that this would happen . I'm making more now than before the halving. But not by much
sold few my 4gb card , the price 4gb card still good
What about moving to Nicehash if the price of Bitcoin goes up?
It's great that Ravencoin is profitable to mine but it always leaves me wondering who's buying this coin and why? Just at a glance, it doesn't seem like there's anything particularly special about this coin, no smart contracts or privacy features etc, so what justifies it value? I know it can be used to mint NFTs, but does anybody actually use it for that?
GPU prices have already started declining, as well as dealers having new ones in stock….lol Always two sides to the 'coin'…. 🙂
Winter is coming 😂
People are leaving the space, it's obvious, network difficulty is going down on a lot of projects :$
Am waiting on these sell off's, getting that discount 🤑🤑🤑
Holy shit, how many times can you say the word SUBSCRIBE in one video? Good thing, though, as none of us have ever watched a YouTube video before, so we are unfamiliar with the term.
Well the bird is dead, so ofcourse the hashrate fall down and the difficulty fall down. So at the minute it will take quite sometime to raven to catch up. But one can still mine it if their electric bill is not massive. But again i am telling everyone the same thing Raven is a GPU killer.
Profit up, price down… and produce more heat than mining eth or ton. I prefer trade than mine rvn :/
A majority of the ETH hashrate (60-70%) are ASIC farms which have limited coin selection so most of the hashrate will likely go to ETC or disappear if difficulty on ETC goes up enough to make it not profitable for those power hungry ASICs. So I'd say 30-35% or so of the hashrate is gpus and that will get spread out over 6-10 coins depending on profitability.
i hope that we will see an increase of the price of rvn so it can absorb a part of etherium hash power after the merge (eth 2.0)
This is why I am holding off on buying any mining hardware at the moment. I am personally waiting to see what happens to GPU mining and also waiting to see what the Zen4 CPU's will do. If Zen4 pulls ahead of GPU I will be changing my whole rack setup. Moving from 4U blades to 2U blades and stacking as many CPU's in one rack as possible instead of my current 1 CPU 2 GPU per 4U rack method.
Awesome content as always. You offer such detailed insight
Thank you for your hard work and valuable info
Cant wait for the crypto winter! I'll finally be able to start stacking gpus again.
hey rabid, i feel that a large percentage of Ethereum's hashrate is attributed to ASICS, moreover, i dont feel its fair to compare hashrates across different coins, different algorithms run on different hashrates relative to their algorithms, 500mh for ethereum is nothing while 500mh for raven coin is pretty ballsy. That being said, i agree that delegating income to non-gpu minable methods is the right way to go.
All the miners that dropped off RVN went on to other Coins like Flux, Ergo. We should see an increase hash rate on the other coins as well. RVN has been at the same price for way too long, it seems it cannot break out of it's current price. I hope it does and will keep holding my coins. I will personally move to Flux/Ergo. Same with AVN, fork of RVN so it will not go far in my opinion, RTM looks like it has a better chance of adoption!
i like videos like this, talking about the variables of what could potentially happen. i dont plan to ever stop mining. but i will for sure need to be creative lol.
The last time LTC had a halving in 2019 its profitability dropped hard for like a year. People think halving shoots up the price, but BTC is the only huge PoW coin with a halving. The others don't have the huge ongoing demand from institutional investors.
I beleive 1 BIG MAJOR false assumption YouTubers are making regarding the future of GPU mining is that other crypto prices will be the same.
thank you for all your hard work! you are a asset to all miners large and small.
Well if it wasn’t for all the crypto YouTubers I wouldn’t of started mining, thanks for the inspiration.
man I really dislike raven. people are saying it's gonna be the next go to after eth2.0 but it doesn't really have any use case, contrary to flux, ergo, and countless other coins with contracts.
great informative vid, thanks brother !