I noticed through a few articles about how proof of stake is a likely progression for the ETH project. I agree with the principles and the security benefits it gives, but how would it in real terms affect the physical process of mining with a GPU?
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Also: Is switching to Proof of Stake (PoS) makes GPU mining worthless?– Richard HorrocksAug 17, 2017 at 17:14
1 Answer
There will be no physical process of mining. New coins will be minted by staking. You will be able to use the GPU for mining other GPU based coins.
Essentially - your GPU will be useless for ethereuem.