Death of Etheruem mining - Predicitions - page 4.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: edgycorner on June 13, 2022, 04:04:03 PM

Quote from: sp_ on June 11, 2022, 02:44:30 PM

This chart assume that ethereum is traded at $1900, but after pos, everybody will move to more secure pow blockchains and ethereum can fall as low as $19

and Vitalik Buterin will be plugged into Bezos's butt(AWS) for validation lol

Anyways, GPU mining for profit will be dead for at least a year after the merge. We might shift from direct profit as an incentive to a speculative incentive. GPU owners will gamble on a coin that has the potential to moon. It will be like pre-2017 bitcoin bull run all over again when miners were never in profit, and would hodl instead. Like this farm from 2015 https://www.youtube.com/watch?v=K8kua5B5K3I

Quote from: cudapop on June 10, 2022, 10:55:17 AM

All core dev call has just wrapped up.

Devs have decided to delay the difficulty bomb. Initial block delay adjustment is as published in the proposed EIP-5133 (https://github.com/ethereum/EIPs/blob/master/EIPS/eip-5133.md) but the delay value may be adjusted. Fork to implement the delay is planned to go in effect around Jun 29.

Also, second testnet for merge will be Sepolia, beacon chain for Sepolia will launch around Jun 20 with merge TTD to follow around 2 weeks after.

Thanks for the update.

Odds are pretty much the same since I last checked them. Still a good chance of happening during September.
If ETH crashes below 1000, we will get to test philipma's theory.

we are getting close.

It is going to be an amazing shit show.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

Quote from: sp_ on June 11, 2022, 02:44:30 PM

This chart assume that ethereum is traded at $1900, but after pos, everybody will move to more secure pow blockchains and ethereum can fall as low as $19

and Vitalik Buterin will be plugged into Bezos's butt(AWS) for validation lol

Anyways, GPU mining for profit will be dead for at least a year after the merge. We might shift from direct profit as an incentive to a speculative incentive. GPU owners will gamble on a coin that has the potential to moon. It will be like pre-2017 bitcoin bull run all over again when miners were never in profit, and would hodl instead. Like this farm from 2015 https://www.youtube.com/watch?v=K8kua5B5K3I

Quote from: cudapop on June 10, 2022, 10:55:17 AM

All core dev call has just wrapped up.

Devs have decided to delay the difficulty bomb. Initial block delay adjustment is as published in the proposed EIP-5133 (https://github.com/ethereum/EIPs/blob/master/EIPS/eip-5133.md) but the delay value may be adjusted. Fork to implement the delay is planned to go in effect around Jun 29.

Also, second testnet for merge will be Sepolia, beacon chain for Sepolia will launch around Jun 20 with merge TTD to follow around 2 weeks after.

Thanks for the update.

Odds are pretty much the same since I last checked them. Still a good chance of happening during September.
If ETH crashes below 1000, we will get to test philipma's theory.

sp_

legendary

Activity: 2926

Merit: 1087

Team Black developer

Quote from: badbart on June 11, 2022, 03:32:02 PM

Decent Randomx Performance on a gpu? Can you provide a link?

Sure

https://github.com/sp-hash/TeamBlackMiner/releases

Just waiting for the end of Ethereum...

badbart

member

Activity: 449

Merit: 24

Quote from: sp_ on June 11, 2022, 02:44:30 PM

Quote from: FP91G on June 11, 2022, 11:29:18 AM

This is the best visual picture about Ethereum mining. In Ethereum mining, there are asics with a hashrate from 1 to 4 Gh/s, which will then mine Ethereum classic, and the profit of miners on video cards will quickly end.

This list is incomplete. XMR, VTC, XDN.. etc. There is around 100 gpu minable coins for the gpu. Randomx has been implemented on the gpu to outperform any cpu. The only difference is that 90% of gpu mining will be done with the Team Black Miner.

Decent Randomx Performance on a gpu? Can you provide a link?

sp_

legendary

Activity: 2926

Merit: 1087

Team Black developer

Quote from: FP91G on June 11, 2022, 11:29:18 AM

This is the best visual picture about Ethereum mining. In Ethereum mining, there are asics with a hashrate from 1 to 4 Gh/s, which will then mine Ethereum classic, and the profit of miners on video cards will quickly end.

This list is incomplete. XMR, VTC, XDN.. etc. There is around 100 gpu minable coins for the gpu. Randomx has been implemented on the gpu to outperform any cpu. The only difference is that 90% of gpu mining will be done with the Team Black Miner.

This chart assume that ethereum is traded at $1900, but after pos, everybody will move to more secure pow blockchains and ethereum can fall as low as $19

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: crazydane on June 11, 2022, 06:39:36 AM

Here's a pretty sobering article:

https://bitproit.com/gpu-mining-profitability-after-ethereum-merge/

Source https://bitproit.com/

This is the best visual picture about Ethereum mining. In Ethereum mining, there are asics with a hashrate from 1 to 4 Gh/s, which will then mine Ethereum classic, and the profit of miners on video cards will quickly end.

crazydane

full member

Activity: 558

Merit: 194

Here's a pretty sobering article:

https://bitproit.com/gpu-mining-profitability-after-ethereum-merge/

definevalue

copper member

Activity: 136

Merit: 3

Quote from: FirmWars on May 14, 2022, 01:02:16 AM

Ethereum switching to proof of stake will be its biggest mistake, all those whales expecting huge staking rewards will be disappointed on the long run, I still very much believe that the PoW algorithm is what takes Ethereum to this level.

This

cudapop

member

Activity: 93

Merit: 41

All core dev call has just wrapped up.

Devs have decided to delay the difficulty bomb. Initial block delay adjustment is as published in the proposed EIP-5133 (https://github.com/ethereum/EIPs/blob/master/EIPS/eip-5133.md) but the delay value may be adjusted. Fork to implement the delay is planned to go in effect around Jun 29.

Also, second testnet for merge will be Sepolia, beacon chain for Sepolia will launch around Jun 20 with merge TTD to follow around 2 weeks after.

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: swogerino on June 08, 2022, 07:20:41 AM

Quote from: FP91G on June 08, 2022, 06:57:59 AM

Ethereum's Ropsten test merge expected to initiate in next 48 hours
https://www.theblockcrypto.com/post/150450/ethereums-ropsten-test-merge-expected-to-initiate-in-next-48-hours
Today is the start of the first important test. Will you transfer some of your coins to other blockchains or are you not afraid of possible problems after the end of Ethereum mining?

Not afraid at all,ready to change my hash rate to Ethereum Classic for one or two months which I believe will be the time needed for new like Ethereum coin to take over the mining of video cards and also ASICS but I would prefer an ASIC resistant coin.If it doesn't happen I will still mine at a loss because by mining at a loss with Nicehash during all 2018 the amount of Bitcoin I mined was translated in great money in February 2021,I am ready to give it one more try this time to the same pattern,mining at a loss.

If Ethereum mining does not end,great news for all of us which will continue to get our daily share of cryptocurrencies by mining.

Ethereum can be mined on asics, and after the end of mining, these asics will mine Ethereum Classic, so the profit will be very small. There are still a couple of coins on this algorithm, but even now mining is almost unprofitable.

ETHHash

newbie

Activity: 1

Merit: 0

Ethereum mining will be dead forever!
Difficulty bomb will be detonated soon !

All miners who donated their hardware to the network are left with their hardware and their hardware investments.
The ETH mining will be dead forever.
There is no coin equivalent to ETH - Stop your mining soon - Sell your GPU as soon as possible.

--------

Roposten seems to be working..the last testnet..now we will follow the POS in 8/Q3:
https://twitter.com/TimBeiko?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: FP91G on June 08, 2022, 06:57:59 AM

Ethereum's Ropsten test merge expected to initiate in next 48 hours
https://www.theblockcrypto.com/post/150450/ethereums-ropsten-test-merge-expected-to-initiate-in-next-48-hours
Today is the start of the first important test. Will you transfer some of your coins to other blockchains or are you not afraid of possible problems after the end of Ethereum mining?

Not afraid at all,ready to change my hash rate to Ethereum Classic for one or two months which I believe will be the time needed for new like Ethereum coin to take over the mining of video cards and also ASICS but I would prefer an ASIC resistant coin.If it doesn't happen I will still mine at a loss because by mining at a loss with Nicehash during all 2018 the amount of Bitcoin I mined was translated in great money in February 2021,I am ready to give it one more try this time to the same pattern,mining at a loss.

If Ethereum mining does not end,great news for all of us which will continue to get our daily share of cryptocurrencies by mining.

FP91G

legendary

Activity: 1834

Merit: 1131

Ethereum's Ropsten test merge expected to initiate in next 48 hours
https://www.theblockcrypto.com/post/150450/ethereums-ropsten-test-merge-expected-to-initiate-in-next-48-hours
Today is the start of the first important test. Will you transfer some of your coins to other blockchains or are you not afraid of possible problems after the end of Ethereum mining?

sp_

legendary

Activity: 2926

Merit: 1087

Team Black developer

The biggest problem with Ethereum moving to POS is not the ethereum coin itself, but all the projects that use the technology of ethereum. Stablecoins are heavily depended up on security, but when you move from something 100% secure, to something uncertain it will cause an earthquake into the system.

Coinfarm ventures

full member

Activity: 182

Merit: 152

Quote from: edgycorner on June 06, 2022, 04:59:13 AM

...

I agree with everything you said. They shouldn't have bailed out the DAO investors in 2016. ETH strayed from its original purpose of a decentralized world computer and is now just another Solana or XRP or maybe even a LUNA if the worst case happens.

With PoS it's now just a system where the rich get richer and make the rules, which is just like the legacy banking world.

I also wouldn't build any more mining rigs, especially not with video cards that aren't good at non-ETH coins, like the RTX 3090 or RX 5700. If I built rigs I would choose the RTX 3060 Ti, RTX 2070 super or RX 6800.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

Quote from: philipma1957 on June 05, 2022, 08:56:34 AM

It is because pos = piece of shit and death for eth.

ETH was always shit. Remember when they literally deleted coins from the chain? lol
Fck Vitalik Buterin. That guy even considers child abuse less harmful than adults hooked on drugs(imagine even comparing them). I can post that tweet here, if someone's interested.

Quote from: swogerino on June 06, 2022, 03:11:23 AM

I hope this is the case,everyone want to continue mining,and what would be the best case scenario is that they say in September we go PoS,only smart people will build cheap rigs like a near 400 Mhsh rig with just 2000-2200 EUR and then they say we will delay it for another 6 months,or for another year.For now the price of video cards are dropping like crazy so for the bold people who think like me it is a golden opportunity to get cheap video cards and continue mining.Hope they keep delaying it for at least summer 2023.

Summer 2023 is very optimistic bro
This isn't a good time to buy cards for sure. Be it for mining or gaming. We are soon getting 4000 series launch Wink

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: adaseb on June 02, 2022, 10:11:02 PM

They are not going to hurt themselves if they delay it. They will say that there is some bug and they need more time and the market will give them another 6 months. It’s been 6 years delayed already. Another 6 months won’t hurt.

In a true bear market whether the fork is successful or not it won’t matter, it will go down anyways on even positive news. I remember with Bitcoin during 2014-2015 there was lots of positive developments but it kept going down anyways. News doesn’t matter in certain trending markets.

I hope this is the case,everyone want to continue mining,and what would be the best case scenario is that they say in September we go PoS,only smart people will build cheap rigs like a near 400 Mhsh rig with just 2000-2200 EUR and then they say we will delay it for another 6 months,or for another year.For now the price of video cards are dropping like crazy so for the bold people who think like me it is a golden opportunity to get cheap video cards and continue mining.Hope they keep delaying it for at least summer 2023.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: 0verseer on June 02, 2022, 08:24:07 AM

Quote from: philipma1957 on June 01, 2022, 06:45:13 PM

Quote from: edgycorner on May 28, 2022, 11:41:13 AM

Quote from: cudapop on May 28, 2022, 12:57:08 AM

Quote from: edgycorner on May 27, 2022, 03:45:10 PM

Have they decided upon the block numbers already?

Not yet.

In the discussion on drafting the EIP those devs who wanted to delay the bomb were advised to simply copy the last bomb delay EIP and adjust the block offset value to add 400,000 blocks. This value may change, so we'll have to wait for the EIP to be published.

wow, that's why odds on "By 1st September" dropped from like +105 to -150
Merge is indeed coming in Agusut Shocked

Its simple they will push it out if coin is over 2k

They will let it happen if coin is under 1k

the gray zone is 1-2k

If only the merge could be decided arbitrarily by the price of ETH, kek.
No, they will keep on pushing it and commit the merge between PoS testnet and mainnet. There're maybe some delays, fuds but they're hell bent on doing it, not by any price range but because the ETH has been stagnant for a while. If they keep on the delay like times before, they will hurt ETH furthermore, a self-sabotaging act.

It is because pos = piece of shit and death for eth.

So if they delay and eth crashes to 800 they push it forward to save eth ------ and eth dies in 1 or 2 years. their defense is at least we tried to save it.

If they move in august with prices in the 1500-2500 range and eth craters - they crushed eth and have no defense.

If you don't agree it does not matter this is what is truth. "Or maybe it is what I believe is true."

Now the problem is Mr V.B. may actually not give a fuck about rationality and truth. He may go contrary and follow your lead and logic. Hoping for a big pushup in price before the crash.

It will be fun to see if Mr V.B. decides to go your route as the crash of eth will truly be spectacular If he goes pos in August of 2022.

Edit:

Hmm so far he seems to be thinking delay as Sept now looks to be the month not August.

cudapop

member

Activity: 93

Merit: 41

EIP for difficulty bomb delay has been published:

https://github.com/ethereum/EIPs/blob/master/EIPS/eip-5133.md

Delay has been adjusted by 500,000 blocks (approx. 2.5 months).

Quote

Targeting for The Merge to occur before mid August 2022. If it is not ready by then, the bomb can be delayed further.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

There was a merge call today, like a Q&A and going over major topics before the merge
You can watch it here:
https://www.youtube.com/watch?v=qG-A5i6x6N8
Unfortunately couldn't catch it live

Major news is: They are set for a Ropsten merge, as planned in the previous call.

Odds are favouring for a merge in September now(instead of August)

Topic: Death of Etheruem mining - Predicitions - page 4. (Read 2662 times)