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Re:The Ethereum merge is done by physicsguy on Thursday September 15, 2022 @01:12PM (#32855223)
It is only worth it though if the shitcoin is worth more than the cost of electricity used to generate it. At the moment and for many miners, that just won’t be the case.
Re:The Ethereum merge is done by vineyardmike on Thursday September 15, 2022 @01:26PM (#32855435)
Most shit pins probably have few miners, and are pretty susceptible to market manipulation. I large influx of miners across the market could dramatically change the price.

Also, many miners are already using software that automatically changes their hardware to target whatever coin has the most profitability. It’s expected that this will continue just without ETH

Re:The Ethereum merge is done by physicsguy on Friday September 16, 2022 @01:45AM (#32862536)
The profitability of a GPU miner has dropped by about 2/3 with this overnight. So it remains to be seen where they actually go.