My ASICs mine Bitcoin directly, while my GPUs mine Ethereum but I'm paid in Bitcoin, which is a function of NiceHash. More often than not mining Ethereum directly using something like HiveOS is more profitable, but I opt for NiceHash because the convenience is more valuable to me than the fractional benefit of mining Ethereum directly. Also, I personally would rather hold Bitcoin. But that is just me.
In terms of ETH2, it is already quite profitable to mine ERGO or RVN or other proof-of-work GPU mineable coin algorithms (search for "what to mine" in your preferred search engine). The biggest question is, when ETH2 comes (whenever that is) will the profitability of ERGO and RVN increase or decrease with the influx of miners? Sure difficulty will spike massively, but in my opinion it is also likely that the value of these cryptocurrencies spike as well, however proportional.
The truth is no one really knows. I have an idea, but I could be wrong.
Thanks for the excellent response! I love nicehash and have been using it on a little 1080ti rig myself.
I'll probably stick with what they recommend once ETH changes. It does seem probable that the values of the new favorites will spike a bit once everyone jumps on board.
Do you think bitcoin-only asic miners are still a viable thing to set up as an ongoing thing? I feel like asic miners are currently a risky investment due to their nature of being linked to certain currencies.
