Clearly, this is expert-tier TA. You can bet the farm on this one. Maybe not the real-estate, but the mining farm: ETH merge is right around the corner, and naturally many miners will be blown the fuck out of the water (at least for a short while).
The next step for the "real miners" who stick around, will be
ERGUSDT
. At the time of writing, the number of addresses with at least 10 ERG have increased more than 11% in the last month alone (source: ergo.watch/metrics/addresses) and hashrate has almost tripled. It's clear even before the merge, many miners are frontrunning to Ergo. And for a few good reasons, actually:
1) The ERGO mining algorithm, Autolykos2, is more asic-resistant than ETH's ethash, making it a better choice for GPU miners. Additionally, the algorithm runs 10-20% cooler on most GPUs, which is great any overheating problem as well as your GPU's lifespan. Miner's like this.
2) The block reward drops SCARY fast. Like, this thing is fucking programmed to moon. Take a look at this picture, also sourced from ergo.watch: https://i.imgur.com/gjSPDXc.png
The orange line is the current circulating supply. The X-axis, network-height, is (for all practical intents/purposes) time, though it is represented by blocks which target an average time of 2 minutes between blocks. The grey stair-stepping line is the Ergo Block Reward. At the time of writing, 9/14/22, the payable block reward to miners is 48 Ergo. By the end of the month, it will be 45. Each "stair-step" decline, represents a block-reward reduction of 3 ergo, for the next ~920kblocks, or ~1.84million minutes (average block time of 2 minutes X 920k), more easily understood as 3.5 years, until it planes off at 3 ergo per block. The implications of this are massive. ERGO is programmed to become drastically more scarce over the next 3.5 years. A prudent miner understands mining is a "Marathon, not a Sprint", and will take note of this: Bear Markets are for stacking _coins_ and bull markets are for selling them.
3) considering #2, you must understand the current supply is ~60 million
ERGUSDT
, with a max total supply of 97.7 million. This is a unique opportunity to mine up a lot of coins before it gets scarce, or simply buy a small stack as an asymmetric bet.
At a current price of less than $5, and a very steadily growing community and developer-base and dApp ecosystem, coupled with an aggressive block-reward decrease over the next 4 years, I believe
ERGUSDT
has high upside over the next 5 years.
What do you think?
The next step for the "real miners" who stick around, will be
ERGUSDT
. At the time of writing, the number of addresses with at least 10 ERG have increased more than 11% in the last month alone (source: ergo.watch/metrics/addresses) and hashrate has almost tripled. It's clear even before the merge, many miners are frontrunning to Ergo. And for a few good reasons, actually: 1) The ERGO mining algorithm, Autolykos2, is more asic-resistant than ETH's ethash, making it a better choice for GPU miners. Additionally, the algorithm runs 10-20% cooler on most GPUs, which is great any overheating problem as well as your GPU's lifespan. Miner's like this.
2) The block reward drops SCARY fast. Like, this thing is fucking programmed to moon. Take a look at this picture, also sourced from ergo.watch: https://i.imgur.com/gjSPDXc.png
The orange line is the current circulating supply. The X-axis, network-height, is (for all practical intents/purposes) time, though it is represented by blocks which target an average time of 2 minutes between blocks. The grey stair-stepping line is the Ergo Block Reward. At the time of writing, 9/14/22, the payable block reward to miners is 48 Ergo. By the end of the month, it will be 45. Each "stair-step" decline, represents a block-reward reduction of 3 ergo, for the next ~920kblocks, or ~1.84million minutes (average block time of 2 minutes X 920k), more easily understood as 3.5 years, until it planes off at 3 ergo per block. The implications of this are massive. ERGO is programmed to become drastically more scarce over the next 3.5 years. A prudent miner understands mining is a "Marathon, not a Sprint", and will take note of this: Bear Markets are for stacking _coins_ and bull markets are for selling them.
3) considering #2, you must understand the current supply is ~60 million
ERGUSDT
, with a max total supply of 97.7 million. This is a unique opportunity to mine up a lot of coins before it gets scarce, or simply buy a small stack as an asymmetric bet. At a current price of less than $5, and a very steadily growing community and developer-base and dApp ecosystem, coupled with an aggressive block-reward decrease over the next 4 years, I believe
ERGUSDT
has high upside over the next 5 years. What do you think?