Hey
We run a PoW mining operation in Australia, mostly powered by roof-top solar. We have focused on mining Zcash with ASICs we imported from China with a reasonable return on our investment.
Our process is to consolidate ZEC to sell on the pumps, which we then use to pay for electricity, hardware, finance and to book some profit.
Starting out on this journey 3 years ago has helped onboard us into the world of crypto and the ZEC community more specifically.
Knowing what we know now, we would support a shift from PoW to PoS. The challenge as a miner is needing to continually re-up your hardware’s hash rate to stay profitable.
From our perspective, if we had a 24 month official transition period from PoW to PoS, we would end new investment in ASIC hardware, pay-off our existing hardware during that period and then consider staking a large portion of our ZEC mining profits in the new PoS system.
While there would be some short term pain, we would be excited about that transition in the medium to long term, as PoS is a more elegant, less wasteful consensus mechanism and it would overall likely increase the long-term value of our ZEC holding.