what's going on everyone and you know this is kind of a bad day actually because
we just went through an ethereum merge which literally destroyed the profitability of like
95% of GPU miners out there now we have been looking for other ways to mine crypto and a lot
of us have been looking into the Asic World which is a better way they're efficient they make some
money and they're good to go now this is about the script A6 so that is your L3 plus your lt6 is your
l7s and you know we're all pumping them as yes these things are awesome miners they're efficient
they're going to be awesome and currently they're profitable well pretty soon no script Asic will
be profitable now what do I mean here so we can thank Mr vitalik for yet another merge and this
is a big deal because now we're talking about the Dogecoin merge yes it's actually sounds like it's
a thing I remember hearing about it early 2021 and you know I just thought it was a joke or whatever
because vitalik's sticking his head into it looks like the Dogecoin Foundation actually has vitalik
on the board as an advisor and they have it stating that they're going to move to proof
of stake so there is yet another merge coming thanks to vitalik and that is on Dogecoin now
I'm trying to find some information I got a bunch of pages we'll look at later as well as my charts
with probabilities to see what we're going to look like in terms of probabilities but we can pretty
much say right now that an L7 if you're in the market for any script Miner right now probably
start doing some research because we're gonna have another merge and all script miners will literally
die the other coins could not support the hash rate and I know it sounds like a 360 here we just
finished talking about this with gpus and ethereum merge and the numbers were accurate we were pretty
much exactly where the profitability was so we're going to go through the numbers again on what
script miners could look like without Dogecoin and I can tell you right now you're not going to cover
your power cost all right so you know I'm trying to find as much information about this whole thing
as I can and it's really hard to find out dates because there isn't really a date yet but it seems
like they want to do it like pretty darn soon so if you Google Dogecoin POS we can see Dogecoin
going POS Dogecoin transition from proof of work to proof of stake why is Dogecoin switching to
proof of stake vitalik Booter and Dogecoin will migrate to POS we've heard about that that was
you know February 3rd 2022 so it started the year here but we have stuff from October Dogecoin will
also move to proof of stake so there's a bunch of different things out here about it so I got
a couple articles we're going to run through and then like I said we're gonna go through
the uh through the profits and see what things will look like without Dogecoin so here we have
one part uh Dogecoin proof of stake release date so the trial map underlines that the new proof
of work to POS transition May soon be unveiled in 2022 however an official date is yet to be
announced by the foundation according just kind of going backwards here a little bit according to
the Dogecoin Foundation trail map timeline first released in December the Dogecoin foundation will
partner with ethereum co-founder vitalik buterin to work on a proof of stake proposal so they're
working with vitalik himself vitalik wasn't just coming out here and saying this is going to happen
they're literally working together so here they're talking like it's just prior to the east merge
even though I believe it happened afterwards but just as ethereum we'll do in a few weeks
Dogecoin Doge will be exploring the possibility of moving from proof of work to proof of stake
technology this would mean that it would no longer be possible to mine Dogecoin and the only way to
participate in the network would be to stake dojas this was revealed by the Dogecoin foundation in
his roadmap for this year 2022. now here is the actual main Dogecoin Foundation website and in
it it actually does 100 State the foundation is also working with vitalik founder of the ethereum
blockchain on Crafting a uniquely dosed proposal for a community staking version of POS that will
allow everyone not just the big players I really don't know how they're going to pull that off but
you know it's almost like this it almost sounds like vitalik wrote this himself he's trying to
say how it's not going to be centralized when it's going to be centralized anyway to participate in a
way that rewards them for contributing to running the network and at the same time gives back to the
whole community Through charitable causes so yeah on their main website all through Google it does
want to move to POS so in my spreadsheet yesterday when I did that video I did look into the effects
of the Litecoin having and Litecoin doesn't really have an effect on our probabilities we lost you
know maybe 20 percent not very much compared to what these miners are currently making so
Dogecoin is the bread and butter when it comes to the script algorithm it's paying out over a
million dollars where Litecoin is currently at 490 we come into mining pool stats we can see it
says 489k pretty close but you know the majority of all the profits is coming from Dogecoin being
and merge minded Litecoin now other pools they're all Litecoin merge mining with Dogecoin they don't
have Litecoin and digibyte and stuff so all the pool infrastructure once this goes to POS
it's going to have to be redone and merge mine with something else and the other coins just
like what we've seen with gpus are a fraction of what Dogecoin is Dogecoin is what made the script
algorithm so profitable on all these Asics without it you're dead so this is not good guys it's not
a good time to probably be investing into any type of script miners at this time until we see
what actually goes on and it's looking like it's not good so like look at here right now before
the Litecoin having it's set to happen in July or something this this Doge Pro would only be making
about 16 cents 16 cents right now but right now it's actually making 51 cents thanks to Dogecoin
merge mining so you can see where the profits is coming from here I believe Digi bite like I got to
look into the numbers on the other coins to see how much they're all paying it's going to take
a lot of work to get through that but I will update sometime in the future if you guys want
to know about it but like digibyte I believe is only paying like half a Litecoin that's like 250
000. now remember we also got all this hash rate that's going to have to spread around kind of so
it's going to be interesting to see how things kind of play out here so let's kind of see what
this thing would look like if Dogecoin went to POS today what would our profitability look like
even before the Litecoin having current prices current hash rate and so on so on a mini Doge
Pro 215 Mega hash average we're making 16 cents up here you can see the mini Doge Pro actually needs
to make 62 cents a day at 235 watts and 11 sent power to actually be taken in a profit 62 cents
is Break Even we're way below that so let's move to the L3 plus that is about 504 Mega hash here
so 504 Mega hash you can see with Litecoin alone we're only making 39 cents we need a dollar 74
per day to cover power at 11 Cent power and I know I have a lot cheaper power than a lot of
miners out there and there's other big farms in other countries that have way cheaper power than
me but most of us out there that probably watch the channel you have at least 11 Cent power or
higher so you can kind of see it's not looking good now let's look at the L7 that's the big bad
boy that's currently on the market right now the biggest version is that 95 9.5 gigahertz so 9 500
megahast that is making seven dollars and 39 cents I need nine dollars and four cents just to cover
power costs today so we can see this thing will go from making 16 17. let's just see what what is
this thing making right now 9 500 on Doge 9500 on Litecoin this thing is making 22.89 before power
that's going to drop down to seven dollars and 39 cents B for power it's two dollars short on power
at 11 Cent per kilowatt hour the profits are about to die so you can see a quick run down here now
yes price of Litecoin and stuff is going to pump but also the having is coming and I don't expect
any massive bull runs in 2023 do you I don't know we'll see but let's go to the 3600 here
that is what the happen will be so now we're only making three dollars and 69 cents of everything's
at the current price we're going to adjust some prices here to see what it may look like if we
at least hit the next all-time high on Litecoin there's a lot of Believers in Litecoin so it may
go even higher I really feel that Litecoin is a good coin but are we going to be able to remain
profitable on it so let's just kind of look at the past of Litecoin here so in 2017 these Peaks
are actually pretty close between the last two bullet runs and then 27 17 we hit about 355 USD
in 2017 and in 2021 at the latest Bull Run we hit 377 so unlike Bitcoin and some other coins
out there we didn't really go you know huge jumps up in there we only went up like what 20 30 bucks
here from the 2017 and there's a lot of coins that may not even see previous all-time highs
we got to keep these things in mind so you know let's just say we hit at least 377 maybe we go 400
in the next Bull Run I don't know hopefully we go a lot more but we have no idea because we're not
seeing any huge gains between the two bull runs in here unless obviously you buy at the bottoms
which is optimal times but you know in terms of Mining and looking at Future price predictions
we're not going to jump up any crazy 30 X's or nothing so we're only going to get an extra 20
30 bucks so 400 peak in 2025 may be all we get so let's just jump into here let's look at 400
hundred dollars to see what that might look for us so we're going to come in you look at four now
it's quite a bit here obviously we should remain profitable we don't know what hash rate will be
like but without Doge if Litecoin hits 400 and L7 will be making 21.71 a date which is looking
pretty good but that is still less than what it's making right now with those and before the
Litecoin haven't so that's pretty insane to kind of think about that we could be if that's if you
sell at the exact peak of the 2025 Bull Run and it even hits 400 so there's a huge thing going on
here that things are not looking very hot across these script miners all right guys so there's some
of the numbers and that's remember that's not even adjusting difficulty the hash blades are
supposed to come out in 2023. uh bit main supposed to be releasing newer Miners and it's definitely
going to come down to efficiencies so the current Jans of the L7 and stuff is not looking
very good so you're going to need cheap power and very efficient machines moving into that next Bull
Run because we know that hash rate could double on Litecoin it's a very popular algorithm but
again it's due to Dogecoin so we're going to see what happens there I kept the same hash rate that
we currently have right now in this bear market and as that grows the profitability numbers that
I showed you is going to be a lot lower so we may only be making like 15 or 12 dollars depending on
what the hash rate actually hits at the peak of a 400 Litecoin so it's pretty insane to think about
so always do your own research guys don't just go to Asic minor value and say oh look at this Miner
is actually doing good script that's an awesome algorithm it's been fairly steady which is true
but you know today it may look good next month it could be gone and if Dogecoin moves to POS
which it sounds like it's going to these Asic miners are going to be garbage they're going to
be paperweight so unless you're back down to four Cent power or less and most of you guys
that watch the channel Channel most likely don't have that cheaper power now I know some of you out
there do have free power so it's not much of an issue but things are definitely going to change
for the script Miner so I wanted to get the word out guys always do your own research don't just
look at the profitability of a minor and expect that to last take a look at the blockchains look
at why something is profitable and if anything is going to possibly take that away and it's looking
like Dogecoin miners script miners Litecoin miners these Asic miners it is getting taken
away from Dogecoin moving the POS so the does merge Doge merge is a thing guys so keep that
in the back your mind and stay up to date I will let you guys know more information as it does
come to light but really think twice about these Asics script miners at the current market thank
you for watching guys I need to let you guys know about this I'll see you on the next one Rabid Out
thank you