/biz/ - Business & Finance

>>51190099
>without an advanced warning
>ETH planning to go POS has been common knowledge for years
How's it like living in an RGB cave?

>>51190099
>without an advanced warning?
its been up for 6 years, miners themselves confirmed network forks leading to pos
lmao

>>51190099
Would be real fucked up by them if they did. Maybe even against the law. You can't just fire someone from work and not give them severance money.
Cryptos need a community. Ethereum ditching its community like this will not be good for them.

>>51190099
>Are Ethereum devs really going through with POS?
No, they are just kidding :D

>>51190158
I just upgraded my rig 2 months ago.
They should at least offer to buy my GPUs off of me. Wtf am I supposed to do with them otherwise? These are far from paid off yet. GPU prices have even gone down since

>>51190099
>Just suddenly leave miners hanging dry like that without an advanced warning?
GOOD, fuck em.

>>51190189
>providing security for the network is bad
?

>>51190158
>>51190187
Get shit on. You were rewarded for every block, for anything else, no one cares

>>51190196
Your Chainlink wouldnt exist without Ethereum miners
seethe

>>51190201
>implying I hold cha*nstink
Not my problem

Is there a way to block POS? Community vote against the devs?
Or at least to delay it half a year

>>51190099
OP put down the pipe ,
this shits been common knowledge for years

>>51190233
>he thinks the eth community has a choice in anything the foundation decides to do
oh, sweet summer child. you probably think the network is decentralised too.

>>51190099
>>51190158
>>51190187
This has to be bait. No way someone is this far up their own ass.

>>51190239
There have been rumors for years. No one was told the real date up until now though. They should have told a few months ahead of time at least. This is important for many people

>>51190266
>rumours
bro I said lay off the pipe already

>>51190274
I dont know what that means anon

fud for years: ethereum can't keep to a schedule, pos is never coming
fud now: miners never knew it was coming

>>51190280

>>51190266
It's been common knowledge since June at least. As in big news outlets announcing it. So you had 3 months in advance. Beyond that they announced they were planning to roll it out this year since February, 9 months in advance. beyond that they have been working and attempting to do this for the past 5 years.
It's your fault for being a retard and investing in an asset that is straight up telling you that they're working on getting rid of the need for your investment.
How many times have you seen the news and typed ">implying the merge will ever happen", I wonder.

Go mine ETC or FIRO or something.

>>51190293
What about listening to its community?
No miner I know wants this change

>>51190319
no shit?
but miners aren't the majority of the ETH community

>>51190319
>the people that stand to lose on this thing do not want said thing to happen
When you decided to buy your mining rig and plug it into a chain and chose ETH, did you do it because you saw their excellent, democratic governance model or was it because you saw the big green Dollar signs?
Don't act like you give a shit about the community. Everyone wants this EXCEPT miners.

>>51190264
This and the OP have to be bait.

>>51190233
Centralized hard-forking, baby. That's why based Gavin went on to build Polkadot. Now go grab a bag of DOT or yngmi

>>51190319
Either you and the others in this thread are trolling or you and every other retard still investing in mining rigs for ETH at this point live under a fucking rock because even the seething /v/tards know about ETH POS.
In fact, if you've been paying attention to the GPU market and how there's a massive flood of 2nd hand units, you should know that that was the sell signal for ETH Mining rigs.

>>51190358
Not a miner and I don't want this. POS is death.

>>51191078
then sell idiot

>>51191235
I don't hold ETH, I hold a few ETH based projects. I still don't want POS, but everything else is shit

>>51190099
>Are Ethereum devs really going through with POS?
Yeah, in all likelihood they will.
>Just suddenly leave miners hanging dry like that without an advanced warning?
As someone that mines ETH (and a variety of other coins) it's been an inevitability that's been known about for some time, anyone not expecting it is either incredibly ignorant or actively denying reality.
We've had years to prepare, my plan has always been that when it finally hits I'll test and sell my GPUs (provided they're in good condition) and reinvest that money into AMD CPUs then move to XMR.
>inb4 "Why not some other GPU mined currency?"
Because (last I checked) the next most profitable coin (which I believe was RVN) isn't even 50% as profitable as ETH, that'll become even worse when every GPU miner switches and starts mining/dumping it for pure profit.
The margins on XMR are still extremely tight but I actually use it and like the coin.

>without advanced warning
its been years since this shit has been announced anon
also devs need to focus on the long term profits instead of the short term ones

yes, losing the miners might be a loss for them but merging means that Ethereum can go through with sharding and eventually make the chain much more efficient and gasless with the help of L2s like Polygon and their multipurpose scaling solutions

>>51193887
>more efficient and gasless
Isn't this claim nothing more than a hype meme?

>>51190158
>muh law

>he isn't going to switch to mining another mooning buttcoin when ethereum starts shitting where it eats
luhmayo mining will survive

>2022
>Into surveillance chains
Many such cases!

Faggot stakers larping as defeated miners. Their arrogance will cost them the future of the coin. Once mining finishes its over for eth you realize this do you idiots? enjoy your 4% apy on an ever dumping shitcoin imbeciles lmao

>>51193801
>selling all his gpu to mine shitnero
lololol enjoy watching the next boom in gpu mining from the sidelines faggot, oh and enjoy that 5 years roi too

>>51190187
Use them for Stable Diffusion AI image generation. Who needs ETH when you can generate whatever you want?

>>51195954
Yeah because holding on to them to mine some generic ETH clone at 1/10th the profitability is a far smarter choice.

if you don't like POS you are objectively and irrefutably a first order thinking 92 IQ bitcoin ponzi cultist

>>51196125
>looking at short term profit
thats why you stay poor

>>51196379
There is no long term for any of them, almost all of them are generic ETH clones that provide nothing that supersedes the role ETH fills.

>>51190201
Yes, Ethereum is such a pile of shit, it spurred people like Sergay to solve its shortcomings or are you suggesting that Chainlink requires Ethereum to function?

>>51190099
>>51190187
>>51190193
>>51190201
>>51190264
>>51190266
>>51190280
OP IS A FAG

>>51190099
if ETH is PoW or PoS doesnt change the fact that it still needs Polygon's scaling for a really long time.

Will used GPU prices go up from here at least? I dont want to sell at a big loss.

>>51196874
Unless there's another massive shortage I doubt we'll see a rise in prices.

>>51196274
Thats not true at all. What you just said shows how ignorant you are.

Your problem is that you think there is only PoS or PoW and its a choice between those two. You think that way because you are low IQ.

There are other cryptos that use consensus to solve the double spend problem. Like XRP.

>>51196874
Unlikely. RTX 4000 series is around the corner and there's already a surplus of RTX 3000 cards.

>>51196874
Nvidia pushed back the 4000 series release date to unload a ton of existing 3000 stock. In short, no, you're fucked.

>>51198341
Oh, and they just missed revenue projections largely due to weak sales in the gaming category.
High inventory + want to unload it + flagging sales = price cuts.

>>51190099
>9
miners can just mine something else that's probably 10x more profitable like flux

>>51196874
At this point you might as well learn to do content creation or something and put those components to good use.

>>51190099
fuck miners, you've been raping the gpu market for years in order to burn electricity to put literal pennies in your pocket. kill yourselves, faggots

>>51198341
>>51198354
Yeah, seems like gamers aren't biting for these new cards. Here are the market shares according to Steam as of July 2022.

>>51198629
I'm certain they normally would but between the recession, inflation and stagnating wages, no one has the cash on hand to buy much.
Add to the fact that faggots online keep labeling their mining cards as "brand new" or "mint condition" on ebay, and you have a customer base that's justifiably too cautious to buy your shit.

>>51198629
>literally me
I remember looking to upgrade my 1060 to a 2080ti and then a 3080. Ive gotten so accustomed to waiting i might as well wait for a 4000 series card even if it is delayed.

>>51199852
Yeah, there really aren't any games that need anything beyond a GTX 1060 right now. There haven't been any big new releases that really take advantage of the more powerful graphics cards because nobody could buy them.