GPU mining profitability after ETH 2.0 (2022 update) What will happen to mining after Ethereum 2.0?
In this video I calculate what GPU mining profitability will be after Ethereum 2.0. But what will happen to mining after ETH 2.0? After Ethereum moves to Proof of Stake (POS), it will no longer be mineable on GPUs. When this happens, all of the people currently mining Ethereum will move their GPU hashrate over to the other mineable coins. But in doing so, the profitability of mining those coins will decrease. So I wanted to calculate by how much mining profitability will decrease after ETH 2.0. I do this by comparing the network hashrate currently on Ethereum with the hashrate currently on the other top 35 GPU mineable coins. I then convert the hashrate from Ethereum to the other coins to calculate what the mining profitability for all the other altcoins will look like after all the Ethereum hashrate moves to those coins.
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00:00 GPU mining after Eth 2.0 (Ethereum merge to proof of stake)
01:47 Why GPU mining profitability doesn’t matter (part 1)
03:02 Ethereum mining network hashrate explained
05:32 GPU mining profitability explained
04:23 What will happen to GPU mining after Eth 2.0?
06:47 GPU mining profitability after Eth 2.0 spreadsheet introduction
07:09 Network hashrate of top 35 most profitable GPU mineable coins
07:30 Converting hashrate between different coins explained
10:28 Total Altcoin hashrate vs Ethereum network hashrate
11:13 Not all Ethereum hashrate will move over! (ASICs explained)
11:44 Why I’m not including Ethereum Classic in my calculations
12:21 How much of Ethereums hashrate will move over to other coins?
12:59 RTX 3070 mining profitability today
13:21 Mining profitability after ETH 2.0 if all hashrate moved over?
13:48 GPU mining profitability after ETH 2.0 if 50% of hashrate is ASICs
14:18 Even more Ethereum hashrate will go away (not just ASICs)
15:06 What will mining profitability be after ETH 2.0 if 67% hashrate is lost
16:38 Why GPU mining will always be profitable (even after ETH 2.0)
17:15 Coin price increase makes it MUCH MORE profitable mining after Eth 2.0
18:45 Why GPU mining profitability doesn’t matter (part 2)
20:39 Final results! Profitability GPU mining after Ethereum 2.0
None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is from my point of view and for entertainment purposes. You do things at your own risk. You are responsible for your own actions. Do your own research.
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So Good ole Ethereum classic is the answer who would have thought 🙂
The thing is, if all that coin supply goes away, the coin value would skyrocket. So the passive income just switches from mining, to holding. And energy costs go away.
When it comes.. and it happened… Basically just make profit… Kept mining other coin
Is it safe to keep my Ethereum as WETH at polygon or i need to swap it before the merge and Eth2.0, cant find the awnser anywhere online. please help thanks
I think Sebs educated guess is as good as any. There's some hopefulness to his calcs (coin value may double, 70% of hashrate drops off, etc). But as he pointed out early on – we just don't know. It's going to be seismic shift after the merge. Assuming it happens this summer, it's going to be very, very interesting year for crytpo between the beating the markets taken and then the merge . I think there's a unique opportunity with someone that has more vision (and financial backing ) than I do to capitalize on all this 'stranded' compute / hashpower that's about to be available at very low costs. Something like the Nicehash framework where you can instantly get all that distributed compute power chewing on whatever you point it at – from machine learning, to…passwords / encryption keys.
Time for another update since alt coin prices have plummeted 50% or more. Electric rates have skyrocketed, so yes, miners will have to shutdown. You can thank cheatin china Joe Biden for this.
Is mining (right now) a good time investment though if you're only making anywhere from a few cents to a (few) dollar(s) per GPU per day? I understand that it's a business model that's meant for scaling, but I just can't wrap my head around how the GPUs (which have limited life expectancies) and the time investments constitutes a decent business model.
(I'm not a miner, but I'm considering it)
Mining profitable definitely matters. Because if your mining negative profits then you can just buy the same amount of ethereum for cheaper.
I mine eth most times for my nft im happy that dude up taught me
Is pretty much dead then.
Did you consider how fast all the alt-coin DAGs will expand beyond today's VRAM sizes (8GB or maybe 12GB), thus ending mining of nearly all coins?
I honestly mine only eth to buy Monero. I don't care about eth. Because it is centralized.
i dont agree with this excell file. tnats wrong. there are 3-4 , some days. you will see all of you , thats wrong. it cannot be minus as non-profitable… please dont do like this files and dont share with peoples. Because the people fear , so no need unreal "facts" like this. THIS REFLECTS TO THE BTC MARKET/GPU MARKET AS BEARISH
The future will tell us. You can't calculate that.
I'm a spreadsheet person. Thanks for the video. It made a lot of sense
You dont know i dont know nobody knows only time will tell
You are a genius thank you very much!!!!😊
I will keep mining RVN
Hi dear.. could where could I download the open file of your fantastic spreadsheet? Someone can help me? I really would Need It for some simulations. From the link i can Just see a not editabile document. Waiting for your kind answer
Well wth the prices doubeling and the hashrate disappearing ill be at around – 30 euro ct per day
How do you think will this affect on ETC?
don't have the fund to join, but i gave you a like and subscribe. will be getting into more of your videos. I personally feel like we are on the verge of another big boom and i have been buiiding my collections of mining gpus. every dime i have made has went into more gpus. love the time and heart you have put into this. looking to build my empire now
By the end of the year AMD, NVIDIA, and Intel releasing their next generation cards. The LOWEST version of which will be faster than the best current card (e.g. 3090ti).
With the crash happening as well, the prices of GPUs will fall much faster than what you can make. You might as well sell your rigs buy the coins while we are in the bear market and slowly DCA back into rigs if power prices don't keep going up.
Great videos thanks
Very throughout analysis – my only questions is: can the Ethereum ASICS switch to any other coins? I know they are excluded from the analysis entirely, yet thought they could switch to Ethereum Classic for example.
I'm not sure if Ethereum will make it, I have several doubts about the Ethereum foundation right now, the merge as we imagined might never come, anda on that scenario I wouldn't be saving that much eth
Cost of Power here in UK is currently an "average of" £0.28GBP per KWH…. With My 3060TI LI Gaming PC it's only about breaking even mining ETH or CFX these days. I am sure there are a lot of people like Myself questioning whether the cost to return is worth it anymore…. I will continue to check profitability even if I stop mining as things can change over time.
Right when you said etherium prices have gone down I received a notification that it went down some more from my exchange lol.
Thanks for the video, very helpful.
Yes u r right I am agree with u amazing video and its very interesting
Its really very interesting… Want to know more. Thanks.
Very interesting and clearly all doubt. Thank you
Very useful details about GPU mining profitability i will definitely try this thanks for sharing
Wow. This is exactly the right type of analysis! So thorough! Very much appreciated.
Wow, Amzing Review, Its Really Well And Work Perfectly, luxury premiers Are Awsome Experiences, Thanks For Share This Kind Of Helpfully Video,
Great video Seb – curious, what are your thoughts on just investing into BTC antminers? Personally I wonder if these will be the way to go for highest profits. Cheers
Very well said. I totally agree with you.
Will the profit after investing in 2022 be better?
Great video Seb – curious, what are your thoughts on just investing into BTC antminers? Personally I wonder if these will be the way to go for highest profits. Cheers!
Amazing thoughts very helpful video I highly recommend to everyone very unique and useful thought.
I liked your mining prophecies. Very good calculations.
Useful content. Thanks for sharing. Please upload more useful videos like this.