In this video I go over what I believe will happen to GPU mining after Ethereum 2.0. When Ethereum goes to Proof of Stake (POS), it will no longer be mineable on graphics cards. So what will happen to cryptocurrency mining when Ethereum is no longer mineable? After ETH 2.0, all the hashrate on the Ethereum network will have to move somewhere. The massive influx of hashrate on other coins is sure to reduce the profitability of mining other coins. But by how much? That is the question I’m trying to answer in this video. By using math, can we calculate how profits for mining will be after Ethereum 2.0 happens? After watching this video I hope you’ll have a clearer picture of what will happen to crypto mining after eth 2.0!
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00:00 What will happen to mining after Eth 2.0?
01:07 Current mining profitability on a RTX 3070
02:06 GPU mining network hashrate explained
03:06 What will happen to the Ethereum network hashrate?
04:40 Network hashrate conversion on different coins explained
06:06 Please pay attention to this info about mining profitability numbers
07:18 Network hashrate for the 30 most profitable coins to mine before eth 2.0
08:46 How to convert network hashrate between different coins
11:20 Ethereum network hashrate vs top 30 most profitable coins
12:36 GPU mining profitability before ETH 2.0 today
13:26 Network hashrate of Eth compared to top 30 most profitable coins combined
14:40 Will all Ethereum hashrate actually move to other coins after Eth 2.0? ASICs?
17:40 Mining profitability after Ethereum 2.0
19:47 What if coin prices increase after Eth 2.0? Even better mining profitability!
𝐂𝐑𝐘𝐏𝐓𝐎 𝐌𝐈𝐍𝐈𝐍𝐆 𝐘𝐎𝐔𝐓𝐔𝐁𝐄𝐑𝐒
Altered Component: youtube.com/c/AlteredComponent
Bits Be Trippin’: youtube.com/c/BitsBeTrippin
brandon coin: youtube.com/c/brandoncoin
Mining Chamber: youtube.com/c/MiningChamber
Red Fox Crypto: youtube.com/c/RedFoxCrypto
Red Panda Mining: youtube.com/c/RedPandaMining
Son of a Tech: youtube.com/c/SonofaTech
The Hobbyist Miner: youtube.com/c/TheHobbyistMiner
The Life of a Miner: youtube.com/c/TheLifeofaMiner
(They’re in alphabetical order.)
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.