I'm very curious to see how this plays out over the next year:
1. BTC dominance seems to be getting lower
2. Ethereum PoS seems very likely to launch this year IMO
3. Alt chains which run on PoS like AVAX and SOL have been eating into Ethereum's market share of the smart contract space. Newly onboarded retail users to crypto have been priced out of Ethereum due to fees over the past year. The alt chains running PoW seem to have no real usage.
4. Fed raising interest rates could dampen the growth of crypto asset prices
If I put myself in the shoes of a miner running GPU's, once the merge happens I only see these options:
1. I switch to a chain that is still profitable for GPU's. None of these have much demand for block space and unless that changes, other profit minded miners will be dumping the token.
2. Switch to some kind of P2P GPU-aaS like Render or Livepeer. I haven't been following this space to closely but I doubt it would have the same returns as mining Ethereum over the past years.
3. Exit out of mining and sell GPU's
1. BTC dominance seems to be getting lower
2. Ethereum PoS seems very likely to launch this year IMO
3. Alt chains which run on PoS like AVAX and SOL have been eating into Ethereum's market share of the smart contract space. Newly onboarded retail users to crypto have been priced out of Ethereum due to fees over the past year. The alt chains running PoW seem to have no real usage.
4. Fed raising interest rates could dampen the growth of crypto asset prices
If I put myself in the shoes of a miner running GPU's, once the merge happens I only see these options:
1. I switch to a chain that is still profitable for GPU's. None of these have much demand for block space and unless that changes, other profit minded miners will be dumping the token.
2. Switch to some kind of P2P GPU-aaS like Render or Livepeer. I haven't been following this space to closely but I doubt it would have the same returns as mining Ethereum over the past years.
3. Exit out of mining and sell GPU's