Many people are either starting to mine or have already started cryptocurrency mining years ago. As we all know – Cryptocurrency mining is not only limited to Ethereum or Bitcoin hundreds of other cryptocurrencies that are built on proof of work algorithm.
You can still mine Bitcoin, but the shoot-up in difficulty has made it less profitable. You would require a huge mining hub to cash in better profits. Today, it is easier for people to start mining Ethereum, which can be mined with graphics cards. A person can easily build a 6 GPU mining rig and instantly start mining Ethereum or any other cryptocurrency.
We say Ethereum because it is currently the most profitable cryptocurrency that can be mined with graphics cards. Ethereum has announced that they would slowly be moving towards Ethereum 2.0 to introduce proof of stake. So, people would not be able to mine Ethereum but can only stake it.
But, should Ethereum 2.0 worry, cryptocurrency miners?
I guess not; you can still mine other cryptocurrencies that will still be profitable. One way or the other, the miners would start mining other cryptocurrencies and can create a buzz around.
What Cryptocurrencies other than Ethereum should you mine?
Alternative cryptocurrencies that you can mine are Raven Coin (RVN). RVN has currently shot up in value. Gaining almost 500% in value in a week. It could be the next coin that you can start mining. Considering the growth and recognition the coin is getting, and it can be the next best coin to mine.
You directly start mining RVN or mine Ethereum; it is currently profitable. Convert the mined ETH to RVN for a longer time hold. RVN uses KawPow as its mining algorithm. Like Ethash, it prevents miners from using ASICs & can only be mined with GPU or CPU. CPU mining is not sustainable today with any of the cryptocurrencies.
It will not be just RVN, but you can check out BEAM, Conflux, Aeternity for mining.
ETH 2.0 might not come early as they will have to do the full migration from proof of work to proof of stake. It will be the most anticipated and most technological & blockchain advancement that Ethereum has ever achieved.
If you already have a mining rig and looking for an alternative profitable coin to mine. Check out WhatToMine, where you can check the hashrate and profitable coins that you can mine.
Even if you decide to stop mining after ETH 2.0 is introduced, you will already be in profits. As you can sell all the GPU at the same price as what you had brought. This is due to a shortage in GPU & more demand from the gamers.