What Coins Will Replace Ethereum For Miners
In the mining community, the transition of Ethereum to the Proof-of-Stake consensus algorithm is the hottest topic. Some are preparing for the worst, and some are planning to stay dedicated to their craft and keep mining new coins, for mining, in 2022 does not mean the end.
We remind you: in the coming days, Ethereum will stop working on the PoW algorithm i.e. it will no longer be possible to mine it. Since Ethereum is currently the most popular cryptocurrency among the majority of miners, the “The Merge” event causes a lot of controversies and a lot of speculation about the future of mining. About bitcoin – it is mined by larger players, and the entry threshold for a good income is much higher.
In this article, we will analyze new coins for mining both hot and cold algorithms.
First, let’s define the input data for the equipment for comparing profitability – 8 video cards RTX 3090, 2 video cards RTX 3080. Both models have enough memory for mining. The yield of alternative coins will also be measured by these GPUs.
list of capacities of video cards on mining algorithms
On Ethereum, the power of these video cards is 1148 Mh / s with a power consumption of 3040W and an electricity cost of $0.08.
Based on the input data, we have the following picture:
predicted mining profitability on Ethash (Ethereum)
As we can see, the profitability of Ethereum at the current time is $546 or ~34 thousand rubles.
Table of Contents
Alternatives to Ethereum Mining
Coin value: $0.1
Network hash rate: 48.56 Gh/s
Hash rate: 445.8 Mh/s
Daily income is $13.24 or ~808 rubles. (27.7% below Ethash)
Coin value: $0.05
Network hash rate: 903.83 Gh/s
Hash rate: 906.8 Mh/s
The daily yield is $13.10 or ~800 rubles. (27.77% lower than Ethereum)
Coin Value: $0.01198
Network Hashrate: 1.79 Th/s
Hashrate: 451 Mh/s
The daily yield is $13.24 or ~810 rubles. (26.44% lower than Ethereum)
Coin Value: $0.036104
Network Hashrate: 3.76 Th/s
Hashrate: 451 Mh/s
The daily yield is $11.85 or ~723 rubles. (36.61% lower than Ethereum)
Coin value: $1.25
Network hashrate: 2.25 Mh/s
Hashrate: 878 h/s
The daily yield is $11.41 or ~700 rubles. (36.61% lower than Ethereum)
Coin value: $4.8736
Network hashrate: 26.57 Th/s
Hashrate: 2520.0 Mh/s
The daily yield is $10.79 or ~659 rubles. (45% lower than Ethereum)
It is worth considering the volatility of the market and the situation in the world of cryptocurrency. These indicators are current at the time of publication of the article. After the “Merger” of Ethereum, the profitability will change due to the distribution of the hashrate of the miners to other currencies. The difficulty will increase.
In the next six months after Ethereum leaves for PoS, the market will self-regulate. Some miners will leave, while the rest will continue to mine and reach a higher income.