Other potential changes could include regulatory pressures, technological advancements, and shifts in energy policies that affect the cost and viability of mining. Understanding these factors can help current and aspiring miners make informed decisions.
A miner named John had a significant investment in Ethereum mining equipment but ignored the impending shift to PoS. By 2025, his equipment became obsolete, and he faced substantial losses as he struggled to transition his operations without financial support from his community.
In contrast, Sarah invested early in renewable energy sources and diversified her portfolio aCROss several altcoins. Her approach helped her weather the changes better, maintaining profitability throughout the transition period.
Is it too late for current miners to start preparing for the shift to PoS?
No, it's never too late. Starting now allows you time to understand the new system, invest in necessary changes, and make informed decisions about your future in cryptocurrency mining.
Account $10,000, risk 1% → $100 risk per trade. Entry $50, stop $48 → $2 risk/share → 50 shares. Target $54 (2R). If stopped, −$100; if target hits, +$200 (before costs).
Use an amount you can afford to lose while learning a repeatable process.
Decide a fixed risk % per trade, then divide by the price distance to your stop.
Match your timeframe: DAIly/weekly for swing; weekly/monthly for long-term.
Thesis, entry/exit, risk (R), emotions, result, next improvement.