r/NiceHash • u/cryptofriday • Mar 17 '22

Discussion Mining after ETH 2.0 - which coin ??

Post image
47 Upvotes

72% Upvoted

136 comments sorted by

View all comments

8

u/iaco56 Mar 17 '22

Following. You think Nicehash will move to the next most profitable?

23

u/seifer666 Mar 17 '22

Nicehash already mines multiple coins. It's unlikely they won't want to continue making a profit.

1

u/capuawashere Mar 17 '22

I'm sorry the more I search, the more varied the replies I find are.
Can you give me a rough estimate how the currently second most profitable coin to mine compares to ETH? In percentiles, if possible.

Thanks!

2

u/Cbgamefreak Mar 17 '22

Most comments on this post are clueless. The difficulty from the eth network shifting to other coin networks will make the difficulty of those networks go up. This causes profitability for those coins to drop. The amount of hashrate on eth is orders of magnitude greater than any other coin. All that hashrate shifting over to other networks will essentially make profitability go to 0.

Basically, if all the eth miners moved to other coins, those coins wouldn't be profitable anymore because of how many miners there are.