The great renaming: what happened to Eth2?

Re:The great renaming: what happened to Eth2? by magicjosh on Monday January 24, 2022 @10:22PM (#30067519)

What are you comparing $75k to? My understanding is meaningful mining under PoW requires buying expensive mining hardware that goes out of date quickly. Under PoS there is no such depreciation...a laptop from 2020 will likely be able to run PoS in 2040.

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Re:The great renaming: what happened to Eth2? by chrismmay on Monday January 24, 2022 @10:25PM (#30067546)

I personally have been mining ETH for years with equipment I bought for $20k in 2017 - 2018. I’ve made many times my investment back. That same equipment is still running profitably today.

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Re:The great renaming: what happened to Eth2? by aspenmayer on Monday January 24, 2022 @10:35PM (#30067617)

Are you ASIC or GPU mining?

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Re:The great renaming: what happened to Eth2? by chrismmay on Monday January 24, 2022 @10:43PM (#30067678)

I have 30 GTX 1070 GPUs.

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Re:The great renaming: what happened to Eth2? by gizmo385 on Tuesday January 25, 2022 @04:15AM (#30069871)

And what do you plan to do after the switch to proof of stake?

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Re:The great renaming: what happened to Eth2? by chrismmay on Tuesday January 25, 2022 @05:16AM (#30070219)

If I have enough, I will run a validator. If not I will probably do some defi like lido + curve + yearn. I may also mine something else like flux or raven.

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