RE: Thoughts on GPU Mining - To Invest Into Mining Rigs or Not?
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Well, with Eth 2.0 on the horizon, the future of GPU mining is pretty uncertain. You might be able to ROI if you got a rig running soon, but there's going to be a lot of cards coming onto the market once Eth is no longer mineable.
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Agree... The future is uncertain and that is another factor that will make a difference... I don't think that GPU mining will die in the short-mid term and I think that there is still some money that can be made in that... But, I do agree that many people will think like you said, which will open more options for earning for others...
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It seems a bit risky to buy the GPU rigs now, knowing at some point Ethereum will switch to staking. If you already have them that's a different deal, but you were talking about a friend who wants to buy new GPU rigs.
The problem with ETH switching to POS is something that I have met 4 years ago when I bought my first rig... :) It WILL happen sooner or later, I agree with that, but even this EIP thing needed almost a year (or more) to be discussed and approved... So, I don't think that FULL staking (without POW) will take place faster...
Just my 2c... Personally, I will probably add a couple of cards in September-October when I come back from vacation...
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