Vietnamese miners complain at loss due to the transition of the Ethereum to POS – Bits Media

Vietnamese cryptocurrency miners incur high losses due to that, that their installations are idle, Since the second largest digital currency switched to a new work algorithm.

In thematic chats and groups, local miners say goodbye to Ethereum (ETH), Declaring, that now the equipment can be sold. Local media write, that in Vietnam, mining of the ether was very developed.

One of the administrators of the thematic group on the social networks of the NGOK Kan (Ngoc Can) stated, that everyone understood very well: The merger day will come, However, some believed, that it will either pass unsuccessfully, or will be transferred to a later date:

"Most mining bullets have stopped working and many of us have to simply turn off our installations.".

Large farms suffered most of all, which have increased capacities for the past few years. According to Kan, He failed to recoup his latest investments, And some of those, Who started mining relatively recently, and completely went into a huge loss. The transition to mining of other coins does not help yet, Since electricity accounts will exceed the profit received, The community participants calculated.

Many, The Vietnamese media write, Would you like a stable Fork ETH, Working on Pow, However, so far they do not see one for themselves.

Previously, the Chainalysis research company has published an index of the world of cryptocurrency countries, in which Vietnam took the first line of the list of developing countries.