going on everyone welcome to the Rabid Mining YouTube channel and it looks like
$*%* is getting real so what do i mean by this the ethereum devs have set a date for the mainnet
merge which means no more ethereum on gpus and this is gonna cause a ripple effect across gpu
mining profitability pretty much forever so let's take a look what this means so we're not looking
at this article i'm just using it for some links here clicking over this twitter post and we can
see that tim i'm assuming tim baco here suggested timeline for the discussion so the guerrelli
uh prader if i'm even saying that right client releases on the 27th or 28th of july
announced 28th to 29th prater bellatrix on the 8th of august guerrelli merged on the 11th acd
18th of august planned mainnet merge bellatrix early september and then the mainnet merge this
is will be the end of gpus on the main net will be two weeks later on september 19th now this seems
legit based on the previous two uh test nets that they have done they've been about three to four
weeks apart they have gone through successfully and this is the third and biggest test net of
them all that's supposed to simulate main net as high as they possibly can and if it's successful
then there ill will be no more mining in terms of gpus and it will move to pos now there could
be more aggressiveness in places example it could have off schedule acd to set mainnet ttd
earlier all would be subjective to the goreli merge not blowing up so everything does come
down to this third and final test net on being successful or not so a few things could play out
that we're gonna look at and then there's one more action here tim to make ttd proposal for guerrelli
on monday will create a pr for comments objections and merge it if no pushback so what does this mean
for all of us as gp miners i'm gonna be looking at some actual numbers here later on so you guys can
get a really good idea on what to expect after the merge and honestly guys things are definitely not
looking good for gpus it is time to wake up we got to see what's coming now besides all that there
are some scenarios that are going to play out here obviously you know the test net fails that will
extend at some time they're going to have to do some more test nets and you know however long that
takes to do everything that is one possibility everything's gonna be extended the second
extension or possibility here is what if the test net does go through according to plan everything
is all good ready to roll but then we see some type of delay something you know nobody's seen out
of nowhere now as we know there's rumors of a 2025 merge coming from large mining farms large pools
and etc you know maybe something's going on in the background we don't know about so if everything's
moving in and it's a success but somehow we see a delay you know there may be some you know weight
to those rumors and we may see a nice extension moving forward it might come in terms of only you
know three months for the next year or two but you know there's some extensions and the third thing
that could happen is obviously everything goes through according to plan and ethereum mining ends
in september or even earlier could be early september could be the end of august depending
you know you know they said their timeline they could move it out faster but regardless we could
see within september here the end of gpu mining on ethereum and things are definitely going to change
so now let's kind of look at probability and what are we gonna do once ethereum is actually gone
okay guys so now let's kind of look at the future of gpu minable coins and gpu profitability in
general now here's a little chart here you can check this out on my website rabidmining.com
simply come into this underneath the cpu mining profit calculator you will find the minor value of
gpu minable coins i'm still doing some tweaking i'm trying to get you know maximum number of
blocks added in but you can see all the coins and stuff that's added so far there's a fair bit
of them there's some more that's not quite on here yet but you know everything's going to be improved
and i'm going to be tweaking this more and more and we can also see the value of everything
when i swap over and i can switch over you know the percentage of asics everything does auto pull
and change all the values up on top of that it is real time pricing as well so everything's always
currently updated now if you decide to check this out you know if you see an ad click on one or two
you know it greatly helps out the channel in any way even if you don't care about the ad you know
just saying but i'm gonna be editing this through real time on my actual spreadsheet itself
and this is where i do do the editing everything can be changed here i'll show you a quick
example right now we're showing 25 of the network is a6 let's just move this to 50
and just before i hit the enter you can see these numbers change bam now we can see at 50 being uh
gpu income with asics taking off and ethereum is now 8.2 million dollars and the percentage
of gpu earnings that are from ethereum is 94 still and the total income not from ethereum is 470 000
that is all these other coins added up together so you can see greatly even at 50 percent asics here
that that is not equaling anything yes we are in a bear market i'm just gonna put this at
25 because i do think there is probably 20 to 30 percent of the whole hash rate is most likely gpus
we're going to go through this chart in a live stream later on just to check it out hopefully you
know maybe later on today as you're watching this if i get time to do a live stream usually i do but
we'll see what happens there so i know a lot of people they go over to what to mine they see a lot
of these coins are fairly close in profitability and they think you know what i can mine any of
these other coins losing ethereum isn't a big deal but none of these other coins as we can see here
pay a fraction of the amount that ethereum is currently minus now i really think you know take
it any way you want do your own research whatever else but the reason why we probably should not be
buying gpus is no matter how cheap they look like they're getting the next bull run could probably
not be as profitable as we're currently sitting in this bare run on ethereum in terms of gpus
yes we're not making very much but we still may be making right now more than what we're going to be
seeing on ergo and ravencoin and ethereum classic which is probably going to be flooded with asics
after ethereum is gone uh you know neo or furo any of these coins none of them can support this so we
may be more profitable in this current bear market than the next 20 25 bull run at least for gpu
miners so we're going to do some quick real-time kind of guesses on looking at profitability let's
say for an example ergo for right now we're sitting at a dollar 74. it's getting
34 560 coins per day but remember we're going to be dropping this every three months ergo is
also having a block reduction of three ergos so we're gonna be down an additional 24 coins
uh per block every two minutes in the next two years when the next bull run most likely will
happen in 2012 regardless we're going everything based on the current block rewards again remember
this is going to be lower in two years from now by quite a bit but we're just going to look at that
so we're at a dollar 74 right now it's making 60 134 that is the amount it's currently paying out
to all the miners as we can see it's a fraction of ethereum but if we look at the ergo previous
bull run remember we expect all bull runs these coins that are going to stay around and we're
really hoping to pump and they're good nice coins will obviously go higher in this so last bullard
all-time high was 18 and 13 cents obviously you know we're still not going to be profitable
after ethereum with the amount of hash rate and people on the networks to make 18 worthwhile so
we're going to try something like say there's a lot of videos out there pretending or not really
pretending but there's potential for ergo to a hundred times say a hundred at times right now
that goes from a dollar seventy four to a hundred and seventy four dollars so i'm just gonna change
this right here we're going to get rid of the whole import data thing i'm going to put in 174
per coin bam that is 6 million dollars now 6 million we are still at a ergo going 100 x
we are still not even half of what currently ethereum is paying out to us but we can see based
on asics here we can kind of look at what's going on now at 25 percent here we can see that ethereum
with asic's token off at 25 that's still 12 million pretty close let's look at 50 percent here
8.2 so that's still not quite so at theory we need about 65 5.3 so you know in there we need about 65
of asics to be on the ethereum network this is best case scenario i highly think it's unlikely
that there's this many asics some people do believe that there is 70 to 80 percent of the
ethereum network is asics i really think that's highly unlikely but hey you know what best case
scenario let's hope it is because now gpus are currently only making 5.7 million and we
can see ergo making 6 million which means right now it will be slightly more profitable after
ethereum or we'd be around the same boat right now after ethereum but that's if ergo does go
100 x that's a massive gain over what it previously had in the last bull run of 18 so
you can kind of see where we're going here okay so i'm just gonna get rid of this right soon so i can
get it back to the current price and real value so i just want to edit this a little bit here
there we go loading up so we're back to our dollar 74. so let's look at another coin
potentially flux let's have a look to see what flux could potentially look like so flux hit
an all-time high of about three dollars and 12 cents so we're gonna come back into here
three dollars and twelve cents we're currently sitting at about 43 cents here go right back
at 43.62 we can see everything's lining up so three dollars and twelve cents let's start with
the bull run so three dollars and twelve cents i'm just gonna put in here that's eighty four
thousand we definitely need some increased gains here so let's see where we could hit at least
5.7 million to make flux potentially the next go to here so let's try you know let's say flux
hits 200. 5.4 that's that's actually not too bad pretty close so we need at least about
two hundred dollars per flux coin i know we're all thinking wow that's amazing i'm selling yeah a lot
of people probably would be selling at this point that's a massive gain take some profits guys but
look at the increase in value that it has to hit in order to make things looking decently for
profitability so let's just kind of come back down we're going to go back to 25 percent here because
really i really do think 20 to 30 percent of ethereum is a6 the rest is gpus we've seen massive
you know sales from nvidia huge mining farms with the cmp 170s and the 220 hbmc cards like
hbm i mean they're incredibly efficient on a lot of these algorithms so just because you think
oh those are only good for ethereum they're not they're they're massively efficient that none of
us residential miners got our hands on them plus they're super expensive so we couldn't afford them
anyway but look at the price gains we're gonna have to see now that's one way to kind of give you
a rough idea on you know looking at profitability we need massive gains i really think for the
next bull run to be fairly profitable for gpu miners and even the rest of this bear market if
f does move to pos sometime in september before the end of this year here that it is legitly gonna
come down to very very cheap power you're gonna need under five to six cents one hundred percent
and you're also gonna dependent on majority of the miners quitting none of these coins can support
the difficulty coming in they're just way too young uh kapow ravencoin has been gone or has
been around for a while but we have neo here uh you know flux and ergo they're fairly new coins
i really think they need another cycle or so to start maturing and gain a lot of user adaption
in order to see these price gains so i really think the next bull run is not looking too hot for
gpus again it's too soon to tell but let's take a look at a little something else here so base
everything off the hashtag here we have ethereum you can see the hash right here a bunch just fell
off now most you know not most i guess but there's still you know a higher percentage worth of asics
on here because we're basically we used to do this you know a few months back we're at 1.1 peta hash
or 1 million 126 000 tera hash which is insane amount we're thinking about 800 000 terahash
was gpus so you can see the hash rate that's coming in yes you got to calculate at this point
800 terahash was about 8 million rtx 3080s worth of hash rate so you can go to what to mine put in
8 million you can see the hash rate differences here for example all i'm going to do is simply
put in 12 30 80s we can see it distributed all the hash right here and we're going to look at
ravencoin and i'm going to click this in we're going to increase the difficulty by only five
times so i'm gonna remove the this little ordealio here and we can see we are making eight dollars
and 88 cents current bear market price so we know we're ignoring this but we're going to look at our
estimated coins mind 725 coins per day on 12 30 80s all right so i just adjusted the difficulty
by only five times here only five times i really think there's enough hash rate to times ten times
fifteen the top ten coins at the exact same time but we're doing a simple little times five which
is very very minimal effects that we're going to see so we're going from 725 coins a day currently
with this card to 145 with a five times difficulty increase look at that over 700 down to 145 uh
coins we are now negative 3.98 cents in this current bear market again fiat doesn't really
matter at this point but if you do use your crypto to pay for power this is obviously not profitable
you shut your rigs off at this point but here we are 145. now i know the questions are probably
rolling you don't know the proper hash rate you don't know how to properly convert that and you
know that's kind of why i only did five times here let's look at how much hash rate could actually be
here sitting at only 50 percent of the current 900 tara hash all right so we're gonna cut this down
quite a bit but again like i say i think there's more gpus here but we're going 50 of 900 tara hash
we can see we're at 914 currently so that's 450 terahash we're at the hash rate i go to the hash
power calculator 450 tara hash here works out to be 450 million mega hash i bring in my calculator
a 30 80 does a rough estimate of about a hundred mega hash on ethereum you divide that 450 million
by a hundred that is 4.5 million rtx 3080s gpus worth of hash rate yes some gpus has better than
others some have other gpus whatever you know the point is you can come up with any excuse you want
things are looking bad so you really still got to start opening up your eyes so 4.5 million rtx 3080
is worth a hash rate all right so let's do some rough hash rate calculations as you can see i put
4.5 million rtx 3080s into what to mine and it distributes the hash power obviously it's not a
hundred percent but this is a nice guideline to go by you know you really just open up your eyes
guys so let's look at kapow now i'm gonna take the mega hash number here we're copying the mega hash
i'm gonna go in my hash power calculator we're adjusting the mega hash to kapow only algorithm
of how much how hash rate could be here that's 177 terahash converted from the kapow algorithm let's
just have a quick look into what to mine how much hash rate is currently sitting on ravencoin 2.46
tara hash think about this guys seriously 2.46 tara hash is hanging out on ravencoin
at 50 of what's currently on the ethereum network in this bear run right now 50 being gpus when i
think there's more we have a 177 tara hash 177 i'm going to divide that right quick 177 divided by
uh two point as where's our quick number here we're going to divide that up by 2.46
that is 71 times the hash rate and i only showed you a five times difficulty increase when every
gpu miner right now went to ravencoin we'll see a 71 increase in the difficulty
and obviously nothing will be profitable if you have free power that's the only thing
will be profitable then you might be lucky and make one cent a day but remember just
basing it off that now this whole thing applies to every coin here that's why i'm trying to say
back to the start you can't come to what to mine right now and say oh look at neo it's only
you know one dollar less i'm going to only make it a dollar less you know the end of ethereum
it doesn't matter to me the difficulty sitting on ethereum is gonna destroy every coin coming
out here just look at how much these other coins are paying it is an absolute fraction
of what ethereum is guys gpu mining is changing forever open up your eyes you probably should not
be buying gps at this point they may look like a good deal and they're going to get a lot cheaper
once ethereum's gone because people are going to finally realize this you probably can't even
give a gpu away at that point but again who knows guys but anyway thank you for watching this video
let me know your thoughts and concerns in the comments below some of you may agree with me
some of you guys may disagree i'm just trying to get the information out for you guys stop
like open up things are definitely changing gpus might not be the best way to mine
moving into the future now if you go and buy cpus the same thing is going to happen if you go and
buy hard drives for chia and the hash rate picks up again the same thing is going to happen it's
not just affecting gpus but the end of ethereum mining is definitely affecting gpus directly so
look at other alternatives guys open up your minds and if you have to quit you have to quit it's okay
but thank you for watching this video i'll see you on the next one Rabid out thank you for watching
my video and if you haven't seen one of these be sure to check them out and if you've already seen
them maybe you missed some might have to watch it one more time and if you just let it play in the
background that's all right as well i do try to live stream every weekend as well as every couple
days during the week so be sure to be subscribed so you don't miss that as always have a great day