Home > NEWS > Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?

Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?

Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers?

There are rumors that Dogecoin is likely to change from work certificate to risk proof (POS).

I understand whether Dogecoin will be changed to POS?

Actually, it's not.

Do I think this will do to POS? Probably not.

But I like the online game of "if" very much.

As a person who works in the field of login password mining, I try my best to distinguish between the market and the mining industry, and how this trend may develop. If Dogecoin changes the method of establishing POS or some other new urban blocks, it will do great harm to the mining industry.

Let's take a look at a number of options and the actual effect.

Scret mining may be destroyed.

I'm not going to discuss whether Dogecoin will or should be changed to POS. Although it is difficult to know whether the recent rumors about the probability of changing careers are true, these rumors can cause Bitmain to suspend production of Litecoin and Dogecoin miners.

More of the key in my head isIf Dogecoin were transferred to POS, what would the miners have?

First of all, the Scret mining will be destroyed. Doge accounts for more than 60% of Scret mining revenue. Get rid of it, every L3, every LT6 and almost all non-L7 miners in every Mini Doge Pro- have not been transmitted to the power project of US $per kwh0.04-will need to be unplugged immediately.

Internet difficulties may spread across the country for a while, while miners with more second-hand equipment are dying in their decision to keep or shut down ASIC. Antminer L7, a top Scrept miner owned by the Bitmain group, will reduce its operating capacity by nearly 75% and its profits will drop to an astonishing level of $4.83 per day at a price of $0.050 / kwh.

What should miners do if there is no industrial electricity price? At the price of US $per kwh0.10, the L7 9050M, which had a market price of about $9000 a few weeks ago, could earn $0.72 a day.

Oh!

A sharp shift like this may make those who recently bought the L7 less likely to get back their investment in the project, let alone make a profit.

The ASIC producer will be forced to cut prices, further jeopardizing his profits

The sharp decline in operating capacity will inevitably cause the price of L7 to fall faster than the login password triggered by novel coronavirus during the collapse period. If the miner is priced according to the estimated ROI period and earns $5 a day, miners will see a L7 with a price between $1825 (12-month ROI) and $2737.50 (18-month ROI). This shows that the minimum discount is close to 70%.

At what lightning speed does Bitmain act? Will they gradually reduce prices week by week, as gold shell oil has done to most miners for many months? This strategy has repeatedly left a sour aroma to customers, as they have seen the price of this miner, which has just cost more than a thousand dollars, been greatly reduced again and again.

Or will Bitmain come forward and repeat their recent trend of pricing the fair market for miners?

ASIC agents will be the first to bear the negative and adverse effects related to Dogecoin's PoS migration. Many L7 miners are dealers, and retailers who enjoy this will have to cut prices sharply immediately. However, based on their recent history of deceiving customers, and today's asking price of $60, 000 for KD6, which is just over $1000, people wonder how many tears they can shed for them.

Many family miners will be filled with data encryption miners on eBay and similar software. It will be a race to the bottom, and as helpless miners try to get back all the value left in this metal material, it can only be used as a doorblock or exhibit in the event of a collapse.

Letterkin Mining will have a narrow escape. This L7 will stay because it still has some operational capacity and there is really no other choice. It is highly doubtful that the market is not going to see a new CRYPT miner that can test the L7 design that will soon be developed, unless there is already a more efficient CRYPT miner in the design. Rumor has it that Bitmain has developed a mining car that will surpass the L7.

Moving from POS to POS brings a lot of refreshes, and we've only focused on one aspect of the login password ecosystem. There are a lot of questions and ideas to consider.

What will be the network information security?

Will the profits of the bets also cause Doge to end up with a securities label?

Will Dogecoin be praised for this change, and will it still allow consumers to escape the second-largest PoW coin in the emergence phase?

Now it's my favorite assumption. Such choices are unlikely, if not impossible, but can be achieved in a variety of ways.

What if Dogecoin breaks away from the joint mining with LTC and establishes its own mining optimization algorithm?

Innovation and market competition are healthy for any industry.

Once there is a revitalization of GPU mining, what will happen? After the Etay Square joint theme event, there are many cheap GPU to choose from on the market. This thing will quickly become expensive. Mining simplex will be very happy because they build their own drilling rigs while trying to figure out how many dogs they can pile up. It's really handsome to see this, but it's not easy to keep going for a long time. The big three producers-- Bitmain, GoldShell and iBelink-- will scramble to enter the market with ASIC miners.

Finally, each of them will have at least one ASIC miner on the market, and of course, over time, he will become stronger and more efficient. Challenging bounce and increase is undoubtedly absurd, just like BTC, mining Doge using GPU will no longer make money in the end. But it could also open the door to what the ASIC manufacturing market desperately wants: market competition.

What if, after a short period of GPU mining revitalization, another or more manufacturers enter the market and open the door? At this stage, Bitmain, Goldshell and iBelink are the "three giants", and the really good control of the market refers to Bitmain. So while Bitmain is likely to excel, what if some people can first enter the market and maintain their lead and establish their position as a reliable and reliable ASIC producer?

What if the company decides to expand to other miners and give them a fair price? To be fair, we really have no choice but to once again praise the pricing of miners in the industry that Bitmain has recently released. It is still a problem for dealers to raise prices, but this is another topic for discussion. Perhaps this "new" competitor will stick to the really important mission of customer service. Some customers can address their concerns about reliability, and the company has created an excellent product that is actually achievable. In fact, this is also a lot of assumptions.

Or, as far as Dogecoin is concerned, there is also a situation of making money. The project can be handed over directly to Bitmain, Goldshell and iBelink, adding: "We are building our own mining optimization algorithm, and we will give it to you and you." How much will you charge us? "

How much does Golden Shell want to pay to revive a company that has suffered a series of setbacks among alternative currency miners recently announced by BTC (Bitmain)? Or will iBelink go to great lengths to gain the right to produce and manufacture miners? IBelink has just unveiled a new BM-K3 Kadena mining machine, which claims to have 70 Taiha-nearly 75% more than the second closest model specification-it can't celebrate because Bitmain is about to exceed that with a KA3 that produces 166 TH. How much will Dogecoin pay to maintain its market dominance in the event that Bitmain makes a clear offer to ASIC producers?

No change is probably a good thing.

What if Doge chooses simple and smooth data encryption mining?

The current situation is not so exciting, but this is perhaps the most likely outcome. Naturally, there may be some changes that can be voted on online, but it is likely that Dogecoin will continue to work with LTC on the Scret optimization algorithm.

Bitmain may release L7 inventory again, followed by a more efficient Scret excavator later this yearAndGoldShell will launch a Mini Doge Pro 2 for miners at home, which is essentially two Mini Doge Pro in a box. The coming LTC decline, coupled with more efficient miners, could drive several older models to shut down permanently.

The login password market may increase, and the login password market may fall. There may be other login password scandals that no one foresaw, which will be obvious later. The sun will rise and the sun will set. Naturally, most dealers, especially resellers, will continue to raise prices for miners and squeeze everything from regular customers as much as possible.

It's unlikely to know what puppies will have in the future, but passwords are one of the few industries where everything happens on all days.

Whether Dogecoin is changed to POS or not, the situation of login password mining is constantly changing, and data encryption mining is no different.

The transformation is coming.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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