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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="quad" data-source="post: 16615554" data-attributes="member: 17952"><p>I've been thinking this for a while now. Been mining Ethereum for over 3 1/2 years. The mining difficulty shot through the roof lately and I am getting a lot less ETH payout per week compared to prior weeks. And of course 3 years ago I was getting much bigger payouts.</p><p></p><p>But if the Ethereum price keeps shooting up it will remain profitable in USD terms. I have not yet converted any ETH to USD so it is all paper profits for me right now. Ethereum mining might be dead by the end of the year. Although I did see a new proposal to keep POW going for some transactions side by side with POS.</p><p></p><p>The one advantage Ethereum will have over Bitcoin is the green narrative that Proof of Stake (POS) brings. Bitcoin and Ethereum mining operations are currently consuming vast amounts of electricity. Bitcoin to a larger degree. Ethereum switching to POS will drastically reduce it's carbon footprint which will silence some critics.</p><p></p><p>Don't forget Cardano though. Right now it is staying out of the limelight but it's time will come as well. I think the demand in the world will be big enough where multiple blockchains will be necessary and they will all have to interoperate - kind of the way traditional banking has to.</p></blockquote><p></p>
[QUOTE="quad, post: 16615554, member: 17952"] I've been thinking this for a while now. Been mining Ethereum for over 3 1/2 years. The mining difficulty shot through the roof lately and I am getting a lot less ETH payout per week compared to prior weeks. And of course 3 years ago I was getting much bigger payouts. But if the Ethereum price keeps shooting up it will remain profitable in USD terms. I have not yet converted any ETH to USD so it is all paper profits for me right now. Ethereum mining might be dead by the end of the year. Although I did see a new proposal to keep POW going for some transactions side by side with POS. The one advantage Ethereum will have over Bitcoin is the green narrative that Proof of Stake (POS) brings. Bitcoin and Ethereum mining operations are currently consuming vast amounts of electricity. Bitcoin to a larger degree. Ethereum switching to POS will drastically reduce it's carbon footprint which will silence some critics. Don't forget Cardano though. Right now it is staying out of the limelight but it's time will come as well. I think the demand in the world will be big enough where multiple blockchains will be necessary and they will all have to interoperate - kind of the way traditional banking has to. [/QUOTE]
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