Than, proffesional miner(you named it), who was not looking at the electricy price, and post merge situation, was just simply stupid. for me EOT.
dozen GPUs are not eqaul to dozen gpuS ,if you know what i mean.
I woulden call myself proffesional, but dozen of gpus will not make you proffesional.
You obviously didn’t get the point of what I meant. First of all, the price of electricity is important to everyone, not just miners who have more than ten or twenty rigs and fifty or one hundred cards. Only for those with two, three or five rigs, it is simply unprofitable to invest in a supply system that would reduce the price of electricity. The whole story here is based on the assumption that we all have farms with hundreds of rigs, which is simply not true.
In Ohio, my summer rates are $0.9304/kw. My winter rates are $0.9394/kw for the first 1000kw and then $0.06205/kw thereafter.
wow so, you only need to use 21 MWh a month (?) to get 10¢ a kWh. That is only 700 kWh a day 
After that you probably still aren’t profitable
In Singapore the electric rate is US 0.14 to 0.22 per KW then nobody is counting the operating cost and rental, I have more than 250 GPU all 3070/3080/3090 and 6800 at this movement we are just cleaning and waiting for some magic to happen. Look like it will take 6 to 15 months and until that time 90% of mining will go bankrupt we all just pray
WOW! That’s a nice big setup. I only have 18 GPUs and I have 8 of them turned off at the moment. I mined 1.5 BTC around 2016-2017 and then sold it for a few hundred dollars. OOOPS! I learned the hardware. Mine and hold, it will go back up.
me sitting here with 2 gpus 
that are off lol
Unfortunately GPUs crypto mining won’t be profitable like it was before with Ethereum. That’s why for almost a year I slowly started to do a transition from PoW to PoS. I keep mining ETC even if I lose money hoping that the total ETC hashrate goes down enough to start making money (I pay 0.10$ kWh) or the ETC price increase but it won’t happen until the global financial markets get better.
My brother is a backend engineer working for a dApp company and it confirmed me that there’s no future for PoW cryptocurrencies because the vast majority of developers and investors go to Ethereum beaconchain (PoS) or other POS blockchains. You have to look at the applications of a crypto network, how many addresses are used on a particular blockchain and for what. Most PoW cryptos almost have no applications except for financial speculations and now PoW is seen as polluting and PoS as green (which is the case), it’s another reason to attract investors of ESG (Environmental, social, and corporate governance) towards PoS like Ethereum blockchain.
Unfortunately, GPUs crypto mining will most probably die slowly. I’m curious to see how Bitcoin will behave in the upcoming years.
I really thought etc would have been flooded, because of the asics. Currently at 3-4x what it was before the merge, so nothing as bad as it can be.
I been looking at the number of transactions each block gets, most coins really don’t have much use. Hard to tell if any will survive, or as you said this is the slow death for mining. Hope not
I have finished Eth as most have
i had swapped to raven … but i cannot make a profit tried many options
so giving it a hoover and cover up till things improve
a sad day
john
Yeah most people are turning off right now
So they have to shut down the rigs. It seems that at the price of electricity, all other currencies are unprofitable after Merge. The only question is, so far the ETH mined in the wallets, what is their value in the future considering that ETH before the Merge fell a lot and is currently at the level of approx. $1300, which is a big drop from 8 months of 2021 when it was $4800 . The question is whether to keep the ETH in the wallet or get rid of it?
found this. About two thirds aren’t mining
That is the question. Either it will go to 0 (doubtful, but plausible), or eventually regain its price. Depending on whom you ask, both scenarios are possible. Seems that we miners are holding 240k, so people must to still believe in its future
240k? wow lol
The cost of electricity is one of the biggest problems.
Lol what is this haha i wonder what hash-rate it would get…
you are going for efficiency not speed. Wonder if you get more hashrate with cheddar or provolone?
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hmmm i would say provolone
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