Everyone who mines Ethereum and Ethereum Classic on 4GB cards is aware that the DAG file is growing, and after three months it won’t be possible to use the existing equipment. What can be done? There are three main options:
- sell all obsolete equipment now and buy new;
- mine until the end, while you still have this opportunity, and buy new cards later;
- mine until the end and switch to another coin from ETH when the cards stop working.
Everyone decides for themselves which path they want to take, and we’ll do some math and calculate how much we’re talking about for each of these opportunities.
Sell now and buy a new fleet
So, you decide to get rid of rapidly aging equipment and acquire a new fleet. According to information from the Internet, we can conclude that 50 new cards will cost about $10,500 - $11,500. If you sell your old cards for $4,000 - $5,000, then the volume of investments in the project “I continue to mine Ether profitably” will be about $6,500. And the payback period will be about 6-8 months.
Mine till the end and change cards for new ones later
Perhaps this is the riskiest option of all, since there is a high probability that the cost of cards will increase at a time when it will no longer be possible to mine Ether on 4GB, and everyone start urgently switching to 6-8GB cards. It’s unlikely that you would be able to sell your old cards for more than $30-$50, so for 50 outdated cards, you will get about $2,000-$2,500. The investment in the new fleet would require at least $10,000, and considering that the prices are increasing, it may exceed $13,000.
Mine till the end and switch to another coin
And finally, the third possible solution. It also suggests using 4GB cards as long as there is a resource and on the most profitable pool. For example, you can join our CoinFly pool that offers +10% to everything that you’ve mined until the end of September.
Then you can simply switch to another promising coin, for example, Metaverse, Quarkchain, Callisto, Ravencoin, Beam, ZANO, Haven protocol.