What to know about Ethereum mining in 2021.Ethereum mining is going away. Not today, not tomorrow, not next week, probably not even in the next few months \u2014 but it is eventually going away sometime in the near future.The Ethereum network is upgrading to ETH 2.0 and with that they are phasing out mining and replacing it with proof-of-stake (PoS). There\u2019s even a threat of ETH 1.0 going PoS before ETH 2.0 is fully launched. The more immediate concern for miners is EIP1559, an Ethereum Improvement Proposal to address the fee structure and make the ETH more scarce.What does this mean for Ethereum mining?On a positive note, there\u2019s a lot of upcoming events that miners can prepare for. The downside, however, is that Ethereum miners are more or less guessing and waiting to see when these changes will impact them.I\u2019m an Ethereum miner.In 2020, I built an Ethereum mining rig for less than $1,000. Good luck doing that in 2021 though. With COVID, the crypto bull market, and FOMO last ditch efforts to mine ETH before PoS hits, upstart costs for mining have risen dramatically. It\u2019s difficult to get your hands on GPUs and other parts (at reasonable prices) needed for mining.Due to the upcoming changes to Ethereum, I\u2019ve also started looking into other minable cryptocurrencies like Ravencoin. Currently, I\u2019m doing some spec mining of Ravencoin, adding to my RVN holdings since it\u2019s one of the more profitable coins to mine. I\u2019m anticipating a spike in the price of RVN sometime in the next year. Similar to Bitcoin, Ravencoin has built-in halving events and one is coming in January 2022.A jump in the price of Ravencoin is no guarantee. I\u2019m mining it purely as a hedge in case it does rise. Alternatively, it\u2019s a coin that will be minable on\u2026<\/p>","protected":false},"excerpt":{"rendered":"
What to know about Ethereum mining in 2021.Ethereum mining is going away. Not today, not tomorrow, not next week, probably not even in the next few [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4532"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4532"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}