ETH2.0 is coming, can I still use a graphics card mining machine to mine?

Hello everyone, I am the old miner Lan Tian

(Y2220995245): Ethereum 2.0 is technically much more complex than 1.0, and each stage requires more time to develop. , test and update online. From the perspective of engineering volume, Ethereum 2.0 cannot be completed in a year and a half. As for how long it will take, no one (including Buterin) can give a clear time point.

In addition, the current Ethereum carries a lot of funds, contract applications, and a lot of users. Every upgrade needs to take these into account, so the entire upgrade and migration process of Ethereum 2.0 will Will be very slow and careful.

From the perspective of graphics card miners, there is currently no need to worry about the impact of Ethereum 2.0 on mining. According to current mining revenue calculations, the static payback cycle of Ethereum graphics card mining machines is generally about one year (largely affected by Ethereum’s fee income), and Ethereum will complete 2.0 within the next year. Upgrading is almost impossible. According to the predictions of some senior miners in the circle, Ethereum 2.0 will take at least 2 more years.

There was a joke on the Internet that was widely circulated in the circle, saying:

If Ethereum 2.0 succeeds, the currency price will skyrocket, and the miners will get their money back in advance; if it fails, 1.0 Keep mining. Regardless, the miners were invincible.

Although this is a joke, it also shows that the safety cushion of Ethereum miners is very high.

Even if Ethereum 2.0 with the PoS consensus mechanism is launched, the 1.0 chain will still exist for a long time, and there will be a transition period of "dual chains running simultaneously". Therefore, Ethereum miners don’t have to worry now.