NiceHash And ETH2

[Error 504]

My understanding is that, when you run the NiceHash QuickMiner, it automatically adjusts your gpu settings and starts mining ETH.

What's gonna happens to this when proof of stake takes over?

 

I'm curious because many people are using gpu on NiceHash to mine, but what's gonna happen when eth can not be mined?

Is NiceHash gonna automatically adjust your gpu settings for some other algorisms to mine other coins?

 

Thanks.

[tikker]

2 hours ago, Error 504 said:

My understanding is that, when you run the NiceHash QuickMiner, it automatically adjusts your gpu settings and starts mining ETH.

What's gonna happens to this when proof of stake takes over?

ETH mining stops working. Simple as that. Once Etereum 2.0 lands (or a little before) the difficulty bomb will go off and mining will become impossible.

 

2 hours ago, Error 504 said:

I'm curious because many people are using gpu on NiceHash to mine, but what's gonna happen when eth can not be mined?

Is NiceHash gonna automatically adjust your gpu settings for some other algorisms to mine other coins?

NiceHash already simply mines whatever is most profitable if you've run all the benchmarks and enabled auto-switching. It will just switch to the algorithm that is most profitable at that time.

[Error 504]

On 11/16/2021 at 1:44 AM, tikker said:

NiceHash already simply mines whatever is most profitable if you've run all the benchmarks and enabled auto-switching. It will just switch to the algorithm that is most profitable at that time.

right now i'm trying to decide to go with a gpu mining rig, or buy another asic. if i could find a mining rig with a similar price and a similar hash rate, should i go for it?

 

thanks.

[tikker]

5 hours ago, Error 504 said:

right now i'm trying to decide to go with a gpu mining rig, or buy another asic. if i could find a mining rig with a similar price and a similar hash rate, should i go for it?

 

thanks.

That's up to you. You know how much revenue it'll give and that it'll take you the better part of a year to get back. If that's worth gambling on then go ahead. Also note that hashrates cannot be compared between coins. Not sure if that was the intent of "similar hashrate".

[Error 504]

13 hours ago, tikker said:

Also note that hashrates cannot be compared between coins. Not sure if that was the intent of "similar hashrate".

 

sorry, i meant to say, if i could find a rig that has similar cost to an asic, and could produce the same or similar amount of income as an asic could, then i'm actually more leaning towards the gpu rig.

 

graphics cards are extremely difficult to find, and people who are selling gpu rigs are selling them at a crazy crazy price level.