Topic: [ANN] Ethereum: Welcome to the Beginning - page 71. (Read 2006952 times)

Yep, I have mixed rigs with rx cards, 390's and even older cards. It is possible as long the VRAM is at least 4 GB until Jan 2021. Then 6 and 8 GB cards only will be able to mine. As I said above, the profit in the last month is the highest I've ever had so far. I am talking about 3$ daily profit from a card and rising.

Is GPU mining possible in Ethereum anymore or specialized hardware is mandatory?

These gas fees are a blessing to us the miners. So, I don't mind at all that this gas frenzy continues for months. I even enjoy mining to HW address and then spending 5$ for each transaction to the exchange.  It is tens and hunreds times less than the daily profit Defi and tether, good job congesting eth blockchain!   The profits in the last month are miltiplied by 50 and now are higher even compared to 2017. I sold for BTC more than the half on the way up to 0.04 and I will continue to do so unless there is a crash below 0.025BTC.  I will never stake, any interest is hundreds times less than the profit from mining. The day eth turns into POS, it is dead for me and for many other miners with relatively small farms. For us eth was a mediator to start with 1 gpu and go into Bitcoin world and become a hodler.  This attracted millions around the world and they provided a secure blockchain with currently over 200Th/s. It's fork etc is constatly getting 51% attacks because of the low hasrate 3Th/s. I really doubt that the few rich eth hodlers will be enough with their POS stakes to sustain this level of security. Eth will become a coin for the rich and the hackers who will take advantage sooner or later from the smart contracts like DAO in 2016. Anyway, I wish a good luck to eth, it's been quite an exciting journey!

https://www.theblockcrypto.com/linked/76686/ethereum-miners-fee-revenue-all-time-high-september
Ethereum miners generated all-time high fee revenue of $17 million yesterday


"According to The Block Research, Ethereum miners generated all-time high fee revenue of $17 million on September 1.  The figure is 3.7 times higher than the previous highest amount recorded during December 2017 and January 2018 when crypto prices went through the roof."

I’m with you on this if Ethereum can get the fees down this will rocket just makes sense to I know it’s easier said than done but I hope 2.0 reflects this. I’m still a believer love me some eth but the gas sometimes is way high.’

That's the big problem on Ethereum blockchain there is race to make the transactions get confirmed in very first block so majority of the people are doing this. Now the narrative of Vitalik has been changed dramatically before this he was against high transactions fees. Let's see what happen in future when they will launched ETH 2.0 but right now there are layer 2 platform are catching attention the community for providing the scaling solution.

On Twitter, Vitalik Buterin wrote a post commenting on the problem of high transaction costs that this problem primarily depends on scalability. But it should be said that the owners of the transactions are willing to pay and are already paying this price, and therefore the price rises.

Does anybody knows why the gas fee are so high? Literally i'm feeling destroyed in my inner self, could not manage of making successful transactions. Continuously losing my ether balance after it's failing. Can eth 2.0 launch solve this issue?

Today the transaction fee is more than 500 Gwei, although the transaction fee can change every time, but still the transaction fee is high, if I trade on a DEX exchange like Uniswap, I could spend $ 50 USD in trading fees. this is not friendly

Researchers at ZenGo have properly disclosed a vulnerability discovered in the Diogenes protocol proof. The proof is designed to provide the raw entropy for a Verifiable Delay Function (VDF) for the Ethereum 2.0 random beacon chain.

https://www.coindesk.com/ethereum-2-dogbyte-attack-beacon-chain

https://twitter.com/lawmaster/status/1300677609618116608
" In the month of August, Ethereum miners generated $115.3 million in fees. Bitcoin miners generated only $39.2 million in the same time period - about three times less than Ethereum miners."

https://twitter.com/glassnode/status/1300687354601111552
"#Ethereum miners earned over $500,000 USD in transaction fees in the past hour.

That is a new record high for a single hour (anomalous transaction fees earlier this year excluded)."

@VitalikButerin
https://twitter.com/VitalikButerin/status/1300707752335962113
"To those replying with "gas fees are too high", my answer to that is "well then more people should be accepting payments directly through zksync/loopring/OMG". Seriously, scaling to 2500+ TPS for simple-payments applications is here, we just need to... use it."

ETH is on fire and meantime ethereum gas fees are near all time highs. For any new people to crypto and as you said people who have middle-income economies right now, possibly demotivated using ETH. Right now average transactions fee ~5$ that's ridiculous.

I was attempted make transactions some token just to test it and my every single transaction were unsuccessful. ETH is just so broken!

eth2.0 is badly needed gas is too high especially if you are using eth dapps or eth dex exchanges fees are insane 25-30 usd in one transaction holy moly miners getting rich in bull season

There is still plenty of time to tackle this issue and find a way forward but is there enough drive within the ETH development team to do it?

Price only waits for such news and ETH 2.0 to rise. Base on price chart, I am waiting to temporarily take profit at $48x, then I will wait for a while to buy it back. Next station in my plan to take profit will be $51x. It is the period for loyal ETH-enthusiasts to enjoy their sweet fruits after too long of waiting, pressure during massacre and patience to wait for the days.

https://twitter.com/VitalikButerin/status/1300707752335962113

Layer 2 scaling is already functional as Vitalik mentioned in his tweet about LRC and OMG both are doing great job. Now it is easy to broadcast a transaction using these platform at low gas fee as compare with normal ETH platform. It's just a beginning so many projects already working on Layer 2 scaling solution so this problem could be solved very soon.

You can get a notification by mail when the gas price is at some lower level using this -> https://ethgas.watch/
But I don’t see any big movement backwards, the gas price is “mooning”

now we can see that the cost of gas is getting higher and that will make dap exchange even less

We all hope it will come down and will stay stable at low fees otherwise it will affect investor confidence.

I hope gas fee comes down when eth 2.0 is launched