Flux is a nice alternative for gpu mining and with the growth expected it can be very profitable
Some say that Ethereum Classic will benefit from the miners leaving Ethereum but I don’t know
the problem with other PoW coins is that Etherum has such a HUGHE amount of hashpower focused on (>1 petahash currently), and this moves over to a couple of small-ish altcoins, it will nuke profitibility. All things equal, the total mining reward for a coin is not increasing because there is more hashpower. The reward is just split shared between much, much more miners.
If you believe in Flux, why not just buy the coin.
It will nuke the rewards and increase the price to a balanced profitability imo
I mean if you want to use your GPU.
Personaly I don’t mine flux, I mine kda with few asics (can’t be mined with gpus).
ETH mining profits are still dropping like it’s hot, my operations are still profitable but any revenue is offset by GPU prices further dropping almost daily. Additionally, ETH PoS is scheduled for August (unlikely, as usual) but it might materialize with some certainty in Sept-Nov.
So in summary, I started to sell of my 3070 cards. PN me if someone is interessted, happy to sell them at current market value.
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