So we finally have an $ETH merge date.
Miners are now planning what
#crypto
to mine next.
Even though there are a lot of good
#POW
projects where
#GPU
miners could migrate. I'll be moving my hash to $Flux
A 🧵
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I can't talk about profitability cause the current hashrate on $ETH will migrate to other blockchains which will increase the difficulty of them all in a way that's impossible to calculate, but it's fair to say we will all be soon speculative miners.
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$ETC will receive all the
#ETH
ASICS, so hashrate is gonna be bonkers,
#GPU
miners just won't be able to compete with more efficient farms running Asics, so this is a no go for me.
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#Cryptos
that use the KawPow algo are all a no go for me. I really like
#RVN
,
#Firo
and
#Neoxa
but KawPow is just too core intensive and the cards run really hot and require more electricity. Avgr. weather where I live is 28°C pretty much all year round so, cant do these.
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I really like
#Ergo
and its algo is much cooler less energy consuming but their mining schedule decreases block rewards frequently, so I'd rather just mine $Flux, which will soon have a $ERG PA that would allow me to swap it for $ERG directly on the
@ErgoDex
if i need to. (5/10)
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$Flux on the other hand uses the Zelhash algo which runs a little hotter than Ethash but not as crazy as KawPow. I've mined it on
#Nvidia
cards during summer with no problems whatsoever.
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Also
@RunOnFlux
is working on developing
#PoUW
(Proof of useful work) with the University of Applied Sciences in Geneva to make sure
#POW
is used in real world cases which will help counter the energy consumption FUD and will give new opportunities to miners.
(7/10)
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@RunOnFlux
offers the opportunity to earn more $Flux by staking it on
@CoinMetro
or becoming a node op of a
#FluxNode
so once you stack up 1000 coins you can provide computing power to their
#FluxOS
network to help decentralize web services and become a part of
#Web3
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And to close things up we got Parallel assets which are $Flux assets on different chains.
Every time you mine one $Flux you get 10% of 10 different PA (most pools pay them as Native Flux) which adds up to a nice extra income once you sum them all up.
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So that's my case for mining $Flux post merge. I believe the projects real use case for
#Web3
will bring new investors soon and the PAs allow for interchain operability which is key to the future of blockchain.
What's everyone else's plan?
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