I posted a prediction about why “ETC won’t be an option for most GPU miners after ETH 2.0” in this sub last week. As I mentioned, I believe more ETC ASICs are coming, and Bitmain just announced E9 a few hours ago.
Let’s start with history. Back in 2018, Bitmain released X3 for mining XMR (Monero), A3 for SC (Siacoin), Innosilicon released A8 series for mining XMR, S11 for SC (Siacoin). While the XMR team, they were always ASIC-resistant, so they updated the algo, made all the ASICs useless. Miners who bought these rigs lost in panic and made lots of pressure on these manufacturers, just like people did on the street to NFT NYC 2022 in June, “God hates NFTs” LOL, something like that. I heard that the manufacturers united to push for a hard fork, that’s how XMC (Monero Classic) forked from XMR, continuing to use the algo CryptoNight. Miners turned to mine XMC, but few got their investments back. Same thing happend to RVN and RVC (Ravencoin Classic), SC and SCC, XSC.
Let’s get back here, as we all know, ETH is going to merge in the coming several months probably, which means we can not mine ETH any more with all kinds of rigs, E9 is not an exception. Visit https://www.f2pool.com/miner?id=280667, as you can see, the daily profit of E9 is around 40$, I don’t think you can get your investment back by mining ETH in such a short period.
You may argue that we can still mine ETC, yes of coures. Someone reminded me that ETC is not ASIC-friendly, and I think he is right, so it is possible that the ETC team will update the algo like the XMR team did in the past. What happens then? Maybe another hard fork pushed by the manufacturers or someone else who bought the miners. ETCC? you name it. I won’t be surprised.
