Nearly two weeks have actually passed considering that Ethereums historical shift from proof of work to proof-of stake. Some ex-ETH miners declare they are still unsure how to continue.
Many took to crypto Twitter following the Merge to discuss what would occur to former Ethereum miners. Twitter user hashoveride tweeted the following:
I are sorry for the result of my mining maker mishap, it was an assistance system for me and my household during the pandemic.
GPU #mining has stopped within 24 hours of the #merge. These are the three biggest #GPU chains with present success and a 3090 GPU, 6 usC// kwh #ETC and a 37 C/ #RVN 2 and C/.
— September 15, 2022, Hashoveride (BTCen Gagnon), (@hashoveride).
BakaMoriDesu, a Twitter user, suggested that ex-eth miners would simply proceed to the next profitable coin. He added, “As RVN miner I doubt it will still be successful after the halves.”
Kevin Aguirre shared his experience as an ex-Ethereum miner with Cointelegraph. He said that he had offered the hardware to his partner who was now mining other coins.
GPU #mining has stopped within 24 hours of the #merge. These are the three greatest #GPU chains with current profitability and a 3090 GPU, 6 usC// kwh #ETC and a 37 C/ #RVN 2 and C/. The only coins that show earnings have no marketcap and liquidity. Cointelegraph reached out to a couple of former Ethereum miners in order to learn more about their strategies moving forward. Christian Ander, a former miner, shared his experience with Cointelegraph
Cointelegraph reached out to a few previous Ethereum miners in order to discover more about their plans moving on. The general agreement was that lots of people were not clear on what their next actions would be. Christian Ander, a previous miner, shared his experience with Cointelegraph
Ex-eth miners are likely to relocate to any coin that is more profitable. It will not be financially viable for RVN miners after the halving.
— Frontender Ordy, @BakaMoriDesu January 11, 2022
” To be completely sincere, I dont understand much about myself.” Selling GPU power to other calculating intensive services is not as profitable as it was.
Ander stated, “I am doing my own research and my partners check out options.” He also kept in mind that “GPU owners do research study and offer power to non-crypto tasks.” And they sell excess power to the grid when energy rates are high.” Ander stated that he is not currently mining crypto and is only assessing the market.