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Re:The Ethereum merge is done by Edman274 on Thursday September 15, 2022 @12:36PM (#32854571)
Why would they mine it at a loss relative to the market when they could just buy it at whatever the current market price is, if they think it's going to go up in the future?
Re:The Ethereum merge is done by teknopaul on Thursday September 15, 2022 @12:56PM (#32854934)
If nobody mines the coin dies. I can imagine people mine to keep coins alive. Probably bounce money between wallets for the same reason.
Re:The Ethereum merge is done by Octoth0rpe on Thursday September 15, 2022 @04:48PM (#32858233)
> I can imagine people mine to keep coins alive.

I don't think that's a solid argument. Some coins were structured such that there would be a finite supply (21M in the case of bitcoin IIRC). The health of a coin seems to me to be its transaction volume, and somewhat related its ability to be directly exchanged for physical goods or services.

So back to a previous user's suggestion: instead of buying energy to mine coins at a loss, one could instead buy the coins at a lower price which seems on many levels to make more sense than to continue mining.

Re:The Ethereum merge is done by samatman on Thursday September 15, 2022 @05:33PM (#32858751)
There's a whole wasteland of people mining to keep coins alive. But not very many people. If ten people are running one graphics card each, out of nostalgia or just in case it catches a rocket to the moon, this is no environmental catastrophe, any more than a personal Minecraft server is.
Re:The Ethereum merge is done by ajross on Thursday September 15, 2022 @01:00PM (#32855032)
> If nobody mines the coin dies.

Exactly! Which is why we expect the energy expended on mining PoWETH to drop to zero as the coin dies due to lack of interest, which was the upthread point you were arguing against.

Re:The Ethereum merge is done by squeaky-clean on Thursday September 15, 2022 @01:19PM (#32855339)
I think their argument against this is that while that's the logical conclusion, trusting crypto to follow any sort of logic is not that reliable.

It's possible to justify reasons to continue. Bad reasons. But how many miners care?