If you are thinking of getting into Eather mining and start building an expensive rig then dont, soon in a few months you will not be ble to mine anymore. PoS will take over and mining will no longer be possible. PoS stands for Proof Of Stake, meaning people that hold Ether can do so called staking where they deposit their coins into a 'staking vault' and receive fees for confirming transactions on the network.

That works via a consensus algorithm. My recommendation: Its too late to get into mining, instead buy Ether now with that money and you will make much more money. The required amount for staking is RUMORED to be 1500.

If you have this question of how much can you make mining Ethereum. And if you do not have the required money to. Classic: Beginners Guide on How to Buy ETC.

But if you allready have a few AMD cards laying around, then you can at least mine some Ether for now.but dont og out buy expensive equipment now. The party is already over and the only way to make money with Ether is to buy ether as an Investment and hold on to it for future gains in price. Good Luck Servercookie.

I am seriously not trying to troll anyone, just informing people if the coming change. The majority of the suggestions here are pretty vauge and cryptic, and no one is giving anyone a clear answer. The simple fact is that mining will stop soon and then you will sitt there With a lot of shinny Cards you have to mine something else With. If you can find a profitable alt coin that is. I was seriously thinking of getting into mining myself. But buying equipment for 5k and only being able to mine for a few more months is not such a great Investment idea. Not if you want a ROI I have read the blog, and the conclusion is fairly simple.

We are now in PoW and are able to mine, once PoC starts then mining will stop.simple as that really. For those who have allready bought Equipment then mine as its the last day on Earth and hope you recoup the Investment.

OP Is trolling but does make a point or two. At the rate people are moving to mining it will surely be destroyed in a month or two. I have yet to see anything come out of ether beside sergei's ethereum doubler (fraud ponzi russian scam) and augur, which is nothing special anyway and could have been implented with other crypto currencies. When it does go to POS what will the network be doing besides facilitating ether transfers and students trying to start their own coin?? Problem with BTC >>chinese took over with asic and 1cent power and BTC diff grew 10x the rate of BTC price.

Result = dead network with bad price point. Problem with Ether >>1.2 million miners wanting another bitcoin when it isn't going to be that, too many miners, too fast growth with no application or useful purpose relative to cost How am i trolling, are you seriously thinking you will be mining once PoC comes out. I would love to see you doing any ether mining at that point.

Feel free to prove me wrong, just read the eutherum blog. Problem with Ether >>1.2 million miners wanting another bitcoin when it isn't going to be that, too many miners, too fast growth with no application or useful purpose relative to cost Right, while I believe in Ethereum in the long run, but it should be pretty obvious the price is buoyed by pure speculation at this point. Not to say this is uncommon in crypto, it's just Ether is not backed by anything sustainable right now. Despite this, the mining profits right now are insane. We can all enjoy that for the time being. Yes, mining 'right now' is great which is why we're seeing an explosion of farms. If anyone cares to calculate how much some people have made of Ether's 3000% increase in the past 3 months and what this means, then it's kinda obvious how much capital the wiser early adopters have to sink into this.

Further consider that Ethereums market cap ATM is just a shard under $1b from an origional $19m crowd fund. People still have that money to spend, and obviously some are spending it on huge GPU farms. Because of this, mining profits in a months time will probably crash out with the diff explosion. It really has nothing to do with POS. POS and POW will both be running in Serenity up until Metropolis which I believe intends only to run POS. OP is not trolling, just inexperienced and not fully aware of the more likely factors that threaten our POW returns.

Yes, mining 'right now' is great which is why we're seeing an explosion of farms. If anyone cares to calculate how much some people have made of Ether's 3000% increase in the past 3 months and what this means, then it's kinda obvious how much capital the wiser early adopters have to sink into this. Further consider that Ethereums market cap ATM is just a shard under $1b from an origional $19m crowd fund. People still have that money to spend, and obviously some are spending it on huge GPU farms. Because of this, mining profits in a months time will probably crash out with the diff explosion. It really has nothing to do with POS.

POS and POW will both be running in Serenity up until Metropolis which I believe intends only to run POS. OP is not trolling, just inexperienced and not fully aware of the more likely factors that threaten our POW returns some people like to buy and sell, some like to 'mine' as well. From the initial investors perspective, if you are selling out of eth, what will you buy?

I bought eth directly when it was inexpensive (up to 0.008 BTC/eth), but now I want to mine instead of buying because mining insulates you against price volatility somewhat. I have spent whatever i can spend and or have electricity/AC for during spring. Maybe one or two more cards and that's it. Total of three rigs with up to ~220mh/s in immediate future and total of ~260-270mh/s final. Will mine whatever i will mine, then hold. Will not convert back to fiat, or at least not for a while. Maybe will sell some to self driving cars with AI later on.

Right now is still NOT a bad time to start mining ETH simply because the GPUs are in stock and still cheap. So going out and maxing out your credit card at Newegg doesn't seem like a big risk like it did 2 years ago. The reason why alot of people got BURNT with Litecoin GPU mining is because when the 280X came out it cost like $299 USD, and then it was out of stock and prices jumped to $450 USD and people kept buying them while the price of BTC and LTC kept falling and difficulty rising. With ETH you can get the R7 370 which is like $100 USD and worse case you sell it second hand for like $70 USD in 6-12 months. Yes, mining 'right now' is great which is why we're seeing an explosion of farms.

If anyone cares to calculate how much some people have made of Ether's 3000% increase in the past 3 months and what this means, then it's kinda obvious how much capital the wiser early adopters have to sink into this. Further consider that Ethereums market cap ATM is just a shard under $1b from an origional $19m crowd fund. People still have that money to spend, and obviously some are spending it on huge GPU farms.

Because of this, mining profits in a months time will probably crash out with the diff explosion. It really has nothing to do with POS. POS and POW will both be running in Serenity up until Metropolis which I believe intends only to run POS. OP is not trolling, just inexperienced and not fully aware of the more likely factors that threaten our POW returns some people like to buy and sell, some like to 'mine' as well.

From the initial investors perspective, if you are selling out of eth, what will you buy? I bought eth directly when it was inexpensive (up to 0.008 BTC/eth), but now I want to mine instead of buying because mining insulates you against price volatility somewhat. I have spent whatever i can spend and or have electricity/AC for during spring. Maybe one or two more cards and that's it.

Total of three rigs with up to ~220mh/s in immediate future and total of ~260-270mh/s final. Will mine whatever i will mine, then hold. Will not convert back to fiat, or at least not for a while. Maybe will sell some to self driving cars with AI later on. Yes, mining 'right now' is great which is why we're seeing an explosion of farms.

If anyone cares to calculate how much some people have made of Ether's 3000% increase in the past 3 months and what this means, then it's kinda obvious how much capital the wiser early adopters have to sink into this. Further consider that Ethereums market cap ATM is just a shard under $1b from an origional $19m crowd fund. People still have that money to spend, and obviously some are spending it on huge GPU farms.

Because of this, mining profits in a months time will probably crash out with the diff explosion. It really has nothing to do with POS. POS and POW will both be running in Serenity up until Metropolis which I believe intends only to run POS. OP is not trolling, just inexperienced and not fully aware of the more likely factors that threaten our POW returns some people like to buy and sell, some like to 'mine' as well. From the initial investors perspective, if you are selling out of eth, what will you buy? I bought eth directly when it was inexpensive (up to 0.008 BTC/eth), but now I want to mine instead of buying because mining insulates you against price volatility somewhat. I have spent whatever i can spend and or have electricity/AC for during spring.

Maybe one or two more cards and that's it. Total of three rigs with up to ~220mh/s in immediate future and total of ~260-270mh/s final.

Will mine whatever i will mine, then hold. Will not convert back to fiat, or at least not for a while. Maybe will sell some to self driving cars with AI later on. Yes, mining 'right now' is great which is why we're seeing an explosion of farms. If anyone cares to calculate how much some people have made of Ether's 3000% increase in the past 3 months and what this means, then it's kinda obvious how much capital the wiser early adopters have to sink into this.

Further consider that Ethereums market cap ATM is just a shard under $1b from an origional $19m crowd fund. People still have that money to spend, and obviously some are spending it on huge GPU farms. Because of this, mining profits in a months time will probably crash out with the diff explosion.

It really has nothing to do with POS. POS and POW will both be running in Serenity up until Metropolis which I believe intends only to run POS. OP is not trolling, just inexperienced and not fully aware of the more likely factors that threaten our POW returns some people like to buy and sell, some like to 'mine' as well.

From the initial investors perspective, if you are selling out of eth, what will you buy? I bought eth directly when it was inexpensive (up to 0.008 BTC/eth), but now I want to mine instead of buying because mining insulates you against price volatility somewhat. I have spent whatever i can spend and or have electricity/AC for during spring. Maybe one or two more cards and that's it.

Total of three rigs with up to ~220mh/s in immediate future and total of ~260-270mh/s final. Will mine whatever i will mine, then hold. Will not convert back to fiat, or at least not for a while. Maybe will sell some to self driving cars with AI later on. Some people like to buy and sell, some like to 'mine' as well. From the initial investors perspective, if you are selling out of eth, what will you buy?

I bought eth directly when it was inexpensive (up to 0.008 BTC/eth), but now I want to mine instead of buying because mining insulates you against price volatility somewhat. I have spent whatever i can spend and or have electricity/AC for during spring. Maybe one or two more cards and that's it. Total of three rigs with up to ~220mh/s in immediate future and total of ~260-270mh/s final. Will mine whatever i will mine, then hold.

Will not convert back to fiat, or at least not for a while. Maybe will sell some to self driving cars with AI later on I had a few hundred mined eth which I had to sell off at 90c to pay electricity and a BTC loan. It wasn't pretty.

But I'll be damned if I sell any more now. I'm buying rigs with with mortgage redraw, effectively borrowing from my house with my eth holdings as security.

Well, there's no doubt you're committed I, too, see great value in Ethereum, but the question is how long will it take for that to manifest, and how long will investors' patience hold out. As we agreed in an earlier exchange, Ethereum wall take a lot longer to be fully baked than anyone can imagine, at this point.

One point on which I'm not quite with you is this ETH/BTC inversion scenario. I personally don't see ETH and BTC as competitors, but rather complimentary. BTC is a store of value, the ultimate number of BTC that will be available is already now; it has no potential for inflation. ETH will inflate, but it's core value is not as a currency, but as a smart transaction platform.

ETH is, essentially, the stock of Ethereum. Ethereum is already working hard to develop a bridge between the BTC blockchain and the ETH blockchain to facilitate smart contracts with BTC as one of the base contract currencies.

So, although I see great potential for further grow in ETH as a stock proxy, I don't really see it displacing BTC, and even if it were to do that, certainly not in the timeframe you've proposed. Obviously, though, no one knows how this very interesting game will play out. -Best Care David. The question regarding Bitcoin is, 'what gives it value?' It has scarcity based speculative value. It has utilitarian value for the problems it solves by being a geo-politically agnostic currency and it can be traded for goods and services. However, it's value is not related to any physical fundamentals, not even the energy wasted to keep it going.

How Much Do Einsteinium EMC2 Miners Make more. It was always an experiment, a prototype and so the truest value of Bitcoin is what has been learnt in order to give rise to something like Ethereum. And that is a qualitative value rather than quantitative. In the longer term, through IoT in particular, Ethereum will have physically tangible interaction with mainstream society, as common place and commonly used as are mobile apps now.

That is a real social capital. What will Bitcoin have?

I also don't understand why people say eth is not intended as a currency. It is both a currency and a commodity, and if you don't own any then you can't interact with those real world Etherum conveniences. I've covered this territory on 'value' in a There is nothing in Bitcoin where I can't see Ethereum doing a better job except for perhaps Bitcoin's deflationary economic philosophy. That's why I'm BTC pessimistic, it's being superseded. I'm not saying it will disappear but who will want it, who will want to mine it and who will want to maintain it? After a few more days thinking, I'll concede that saying there will be a inversion of the ETH/BTC pair in the short term was a bit preemptive. I was thinking that because BTC is the primary purchasing currency for ETH, that BTC holdings would be sold down to buy ETH.

What I didn't consider is BTC's roll as the cross currency from fiat to Eth, IOW the demand for BTC remains as it's currently the simplest way to purchase ETH. That all changes once ETH/fiat exchanges are established, again driving down the demand for BTC.

Some people like to buy and sell, some like to 'mine' as well. From the initial investors perspective, if you are selling out of eth, what will you buy? I bought eth directly when it was inexpensive (up to 0.008 BTC/eth), but now I want to mine instead of buying because mining insulates you against price volatility somewhat. I have spent whatever i can spend and or have electricity/AC for during spring. Maybe one or two more cards and that's it.

Total of three rigs with up to ~220mh/s in immediate future and total of ~260-270mh/s final. Will mine whatever i will mine, then hold.

Will not convert back to fiat, or at least not for a while. Maybe will sell some to self driving cars with AI later on I had a few hundred mined eth which I had to sell off at 90c to pay electricity and a BTC loan. It wasn't pretty. But I'll be damned if I sell any more now.

I'm buying rigs with with mortgage redraw, effectively borrowing from my house with my eth holdings as security. When I hear stuff like this people selling their homes orcretirement to buy miners it tells me things are out of hand What if the price tanks back to 2 or 3 then what will you do? It's the Wild Wild West of crypto nothing is promised I understand investing in mining it's really too late to buy large amounts of eth at current prices, like Someone said mining at least insulates you from price fluctuations since you can always sell your hardware But buying can work well too I made 3 btc playing the market this weekend sold a bunch at 15 Then bought back on the huge dump at 12 It's so easy to do this if I had 10k fiat available I could make 300 a day just following the whales. I'm buying rigs with with mortgage redraw, effectively borrowing from my house with my eth holdings as security. When I hear stuff like this people selling their homes orcretirement to buy miners it tells me things are out of hand Perhaps I made a bit too dramatic a statement. What I've done is redraw a few $1000 from advanced payments on my house, to pay for mining gear instead of funding it from my current ethereum holdings. The holdings though humble compared to many other early adopters, are still in excess of what I've redrawn.

My first rig was funded with a BTCJam loan because Ethereum was still so conceptual and I didn't want to mess with things on the home front. Ethereum Classic ETC Mining Farm. Now there's a whole lot more confidence in the platform.

3 Reasons Why Ethereum Classic (ETC) Will Be The Next Big Coin Written by: DogGuy Poloniex.com opened trading for Ethereum Classic (ETC) tonight and the crypto world is in a frenzy. People are panicking to buy, sell and figure out what the hell Ethereum Classic even is. Unless you live in a cave, you should know by now Ethereum recently went through a hard fork and it has the Ethereum community split in half. The end voting process was to move forward with the hard fork but like most elections even when 51% of the community agrees on a position that leaves 49% in distraught.

As a result Ethereum Classic has been born which is what some would call a 'pure' form of Ethereum (the non-forked version) while others would simply call it a scam. I'm under the belief that Ethereum Classic will be the next big coin and here are 3 quick reasons why.

Disclaimer The following article is the expressed opinions of only myself and should not be taken as investment advice. At the time of writing this article the author (myself) holds a long position in mentioned Ethereum Classic (ETC) and holds no other interest in any of the other coins shown or mentioned. Please invest at your own risk and PLEASE do your research prior to making any investment decisions. Almost half the community was against hard forking the coin. Everything you stood against.' These were some of the words thrown around by those oppose the fork, which truthfully felt like almost half the community.

As a result the hard fork left many investors, miners, and supporters of Ethereum feeling salty. Ethereum Classic now provides an alternative voice for those who still feel the community made the wrong decision and again remember - that was almost half the community. One of the best case studies to look at and was discussed by many during the decision making process for Ethereum was that of Vericoin back in 2014. At the time mintpal.com (former trading site) was hacked and a large sum of Vericoin (VRC) was stolen. The Vericoin community was in a frenzy and as a result the development team decided that forking the coin was the best decision. Since that point Vericoin has lost roughly 80% of it's market value and while the development team still continues to push out new technology - issues with their decision to fork still sits unpleasantly with many investors.

The current valuation. As I'm writing this article Ethereum Classic (ETC) is currently less that 1/10 the value of 'regular' Ethereum (if you will). For those who are considering the switch from ETH to ETC they can essentially turn 100 ETH into 1,000 ETC or 1,000 ETH into 10,000 ETC. Now for those who say 'well that doesn't matter - I could turn 100 ETH into say 100,000,0000 DOGE if I wanted to - the amount of coins doesn't mean anything' - what you are failing to realize is in this situation it's the exact same coin. It's the same coin in the sense it has the same code, it can accept the same DAPPs and the only thing that Ethereum has that Ethereum classic doesn't have are the same developers and that might change soon too.

I believe overtime developers are going to start moving from ETH over to ETC - not only because of the financial opportunity but remember - many of them were against the hard fork. The other aspect of the valuation is the fact people see ETC as a potential quick way to make a big return.

'If I buy ETC now while it's only worth 1/10 of ETH -- I have a good chance of making x10 on my return if this project really takes off'. ETC is about to hit 10,000BTC of volume within the very first few hours of being open for trading. THAT IS INSANE.

What this tells me is that the market is hungry for the battle between ETC vs. The anti-ETC will soon run out of steam. Ah yes everyone likes free money, right? Well that is unfortunately to some how they view ETC.

Because it seemed to magically appear into people's accounts today and it was money they didn't have at the start of the afternoon - they look at it as free money. Those who sell now and for those who are against the project can unfortunately only do so much before they run out of ETC to dump. With the valuation being less than 1/10 that of ETH and at one point tonight as low as 1/200 those who are looking to get out can only do so much damage.

Lets say a big whale who was sitting on 100,000 ETH wants to crush ETC and crash the price. Even at current prices he only has 130 BTC worth of ETC which if you look at current buy books on ETC - the market would gladly buy. Even the big players aren't going to have enough coins in their pockets to fulfill the demand of those pesky anti-hark forkers. 500 BTC would only drive the price down to.0006 and that would take over 12,500 BTC worth of ETH holders to make happen.

Fact is, it won't. So here is where we stand today - a lot of people are going to wake up and see that they have 'free money'. Most likely dump and turn their new found BTC either into ETH or some other coin of choice. However as soon as all those free money and anti-ETC folks sell off their coins then what are we left with? Well those who were in oppose the hard fork and those who are looking to join the rival against what is now considered by many - the big bank team of Ethereum. If you are in support of Ethereum Classic - I'd love to hear why!

Please share your comments below if you have a moment. For those who oppose - I'd also be interested in hearing why? Comment below and lets please have a civil conversation about the topic;) Please remember ALWAYS do your own research before investing in any coin.

If you liked my piece today, please make sure to upvote! Well my exact words for #1 were 'which truthfully felt like almost half the community'. It obviously wasn't half because they moved forward with it - but there was a massive debate about it and a lot of people on forums and in the trollbox were clearly against it.

They just didn't have voting power. People already are - there were devs that were against the fork and there are also devs that will see this as the exact same code with the ability to take it a different direction. They can also price cut ETH to clients and provide the same solutions - so there is the money aspect as well. Totally a valid take. There will be plenty of people who don't think ETC has any value and will simply call it a scam - pretty much every coin has that group associated with it. Although we seem to disagree - I still appreciate you taking the time read & comment.