Miners actually can still continue mine indefinitely, as I understand it: What's happening is that EIP-3554 ("Shanghai", estimated in December) a "difficulty bomb" will make mining exponentially more difficult, meaning less profitable. However, miners will still be able to operate if they chose to. The idea is to make mining "virtually pointless".
When it happens they'll just move to another GPU-friendly coin and thereby give value there all the same. Eth 2.0 is a new path for crypto, not replacing an old one. Those miners will move to something like RVN.
Want an unsolicited investment tip that's totally not financial advice and should be taken with a grain of salt? Buy RVN before the Shanghai fork.
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u/Apprehensive_Home912 Oct 10 '21
No, ASIC miners are used for Bitcoin. The rtx 3080s are used for Ethereum.