Ethereum has a daily issuance of about $ 7M worth, while Beam's is close to $ 18K. So if even 1% of Ethereum miners switch to Beam, they'd see their income drop nearly four-fold, and their profitability go way negative. In conclusion, Beam can only absorb a tiny tiny fraction of Ethereum miners.
I suspect higher tier GPU will remain on ETH, which is fine and profitable for them, regardless. As per my sheet today, the only other coin which is profitable day and night on 4GB AMD cards, is Beam (of course this represents UK power rates and overheads).
Beam isn't looking to tap into $7m worth of daily GPU mining. Beam is merely offering a profitable option (the only profitable option as per calculations above) for 4Gb GPU.
Ethereum has a daily issuance of about $ 7M worth, while Beam's is close to $ 18K. So if even 1% of Ethereum miners switch to Beam, they'd see their income drop nearly four-fold, and their profitability go way negative. In conclusion, Beam can only absorb a tiny tiny fraction of Ethereum miners.
"Beam can only absorb a tiny tiny fraction of Ethereum miners."
4Gb GPU Ethereum miners don't represent $7M worth of daily emissions.
I suspect higher tier GPU will remain on ETH, which is fine and profitable for them, regardless. As per my sheet today, the only other coin which is profitable day and night on 4GB AMD cards, is Beam (of course this represents UK power rates and overheads).
Beam isn't looking to tap into $7m worth of daily GPU mining. Beam is merely offering a profitable option (the only profitable option as per calculations above) for 4Gb GPU.
Rome, built in a day, it was not :)