How do you think the launch of Eth 2.0 will affect Mining profitability
Hello Ravencoin community!
I was wondering what your thoughts were on what you think will happen to the profit margin of RVN mining once the Eth2.0 main net merge with beacon chain happens and all the GPU's that were previously mining Eth suddenly need to find a new place to mine. Obviously with more miners on the network, profits will lower, but do you think that with ppl looking for new coins to invest in, this will in turn drive the price of RVN up?
I am kind of getting into GPU mining a bit late. I've been mining for the past several months, but just now decided to invest in a couple more GPU s to build an actual mining rig. I hope that wasn't a bad call in the end if the network ends up getting inundated with other miners. Then again, there are tons of other crypto's that can be mined as well and obviously raven wouldn't absorb ALL of the Eth GPUs out there. Do you think that ETH 2.0 will drive the crypto market as a whole up more and continue an overall bullish cycle? What are your thoughts? Right now I have a 3070, 3060, 1660 super and my Razer Blade 15 with an RTX 2060 Mobile mining. I plan on adding an additional 2080 or 3060/3060ti to the mix in the next few days.
submitted by /u/agitated_ferret
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