Topic: ETH diff bomb what can a miner do? (Read 643 times)

I will continue to move my eth miners to etc . I am hoping to have fully switched by the 12th of sept.  I will have a decent stack of etc maybe 30 coins very soon.

2 decent pushes one to 100+ next to 250+ and eth will have suffered from the moron move they did.

Unless of course mr v.b and his fellow developers blink and stall the merge.

I think if ETC continues to surge before the merge eth will begin to fear the move they did. So get you gear over to etc.  you can do what I did move 10% a day for 10 days.

ETC is whaling but it is not able to pass the 45 USD mark so far.I am not worried but the profit daily is going down and the difficulty is at an all time high of 660 TH from near 300 it was before ETH announced the merge.I hope ETC whales like it should in the near 200 USD or even more range as that would be fantastic for everyone of us who believe in this coin and are mining it from quite some time now.

I am continuing to shift from eth to etc
I want you all to picture what happens if 1 million eth coins are converted into etc.
Many companies would want gpu mining to continue.

Amd
Nvidia
Intel
corsair
Seasonic
Fsp
Gigabyte
ASUS
Msi
Evga
Bitmain
Innosilicon
and more all stand to gain if eth crashes and etc pumps.

I want you to picture this 122 million plus eth coins
15 million staked
107 million not staked
72 million were pre-sold or  pre-issued

So if just I million of the not staked are converted to etc on exchanges  with swap function eth will dump a bit and etc will pump
This could turn out to be a huge rally for etc and a huge dump for eth.

The combined market cap for the companies listed above that all want mining to continue ut over 2x that of the value of eth coins.

but the real kicker is that it is over 200x that of etc. I smell blood in the water.. I wonder if pos eth-fiends have realized what they are headed toward.

My shifting goes toward etc.

I will also swap my self held eth to etc soon after the merge.

ETC is whaling.
went up 25%


You still have a chance to move from ETH to ETC

I am now at

6.5gh eth and 3.5etc

I will move more to etc later tonight.

Maybe etc rallies bigly in price if we go to $200 for ETC it would be a nice move up.

When do you plan to provide us with the fork roadmap?

Much profit, much coins

Dangerous AI..

What is the difference between the difficulty bomb in the latest version and the version prior. The prior version also has a difficulty bomb so even if pools don't upgrade the network will come to a halt unless they upgrade their software.

I think that most pools will switch, its just too early at the moment. Will be interesting to see what the %'s will be next week however.

Yes you earn half now because most people are mining ETH. What do you think will happen when merge happens and all those GPUs are sitting idle?

They will start to mine ETC also. And you will make much much less than half. Probably what the above poster said is right. The profits will be awful unless miners quit and bring the difficulty down.

half? some calculators say that the profit will fall by 6-10 times. And you are an optimist

Is still early to look for a new altcoin to mine, it is wise to wait until the mining of eth is really finished, however the earnings will decrease with other coins with etc you earn half of what you earn with eth

The developers say that the end of mining may occur on September 20
You have interesting calculations, but it is not known how other miners will behave.But always before the end, a lot of activity begins  And I'm too lazy to switch mining, I'll wait for the end of mining and then look for new algorithms.

Well the delay simply means a crash and burn case which many of us believe in will be delayed.

If I clear 250 usd in all eth every day till Sept 13 then crash and burn down to 100 usd a day


if I clear 235 usd eth+etc mix every day till Sept 18 then crash and burn down to 100 usd a day


I make more money in the second case.


Will any of these moves really help no one is truly sure what the effect of killing 25 million  daily in eth mining income and turning it into 3-4 million daily eth interest income (that can not be cashed for at least 5 months) is going to do.

But I know that if we hit the bomb and are 600th eth + 400th etc

vs 900th eth + 40th etc

the shock wave is more intense.

My power deal is so good I would make some money in any case. but I spilt it 4 ways.

so 250/4 = 62.50 usd a day all profit at the moment for me.


My interest is  keep that 250/4

vs a drop to 100/4 or worse 60/4 daily.

Anything I can do mitagate the shock wave helps.

Yeah people do switching tech = terrible as it flattens all coin value. Worse tech ever invented.

UNLESS you are a true POW believer as switching is the best technique for power to wealth because it levels coin value.

I also think that the drop in the ethereum hash rate was due to the fact that 5 GB asics switched to mining ethereum classic, because their memory does not allow mining ethereum.
We can delay the Ethereum mining end date a little, but what will it give us? Algorithmic miners will direct the hashrate of video cards to mining more profitable coins. I will lose profit, and nicehash miners will earn it

Please note that the Eth core devs have a contingency in place to account for hashrate changes which can affect the merge timing.

The actual merge is triggered by a TTD (total terminal difficulty) value is set in the code, this value is the difficulty of the entire Eth network up to that point in time which when it reaches a specific value triggers the merge to occur.

Due to fluctuations in hashrate (i.e. 5GB DAG size affecting some asics, miners moving on/off the network, etc.) the core devs have included a TTD override switch in the code. This allows the node operators to on-the-fly update the TTD value to a new number to account for hashrate fluctuations such that the merge still occurs around a desired date (i.e. Sep 15 or thereabouts).

The idea is that the core devs are continuously monitoring the hashrate and if it fluctuates to a point were it will affect the merge date to an undesired degree, the devs will publish a TTD override value which node operators will then use to update their nodes and thus adjust the merge timing to account for the hashrate fluctuation.

you don't want to move all your hash from eth to etc.

I and now 8.4gh eth and 2.3 gh etc

the bomb is coming in sept say 13-15 look at wenmerge.com

they have a countdown

I am merely suggesting we can shift the bomb out 7-14 days.

I also am setting grounds for etc to be more prepped hash wise

Ie 600th for eth and 400th for etc on the diff  bomb day is better and would create less of a shock

right now it is not close to 600-300

it is more like 870-35.

Eth does quick diff adjustments to speed blocks and really try to get 100 hours and 30000 blocks

there are many adjustments in that 100 hours. but it still slows network down.

Standing pat 100% eth dies on sept 13-15

then switch all to etc.

I get that idea and frankly think it is so short sighted it's sad.


It show desperation on the part of miners.

Deliberately leaving ETH before ETH leaves us shows support for etc and creates more  value in etc.

Most eth pos supporters don't understand that 25 million a day in earning will vanish and the replacement is 3 million a day in delayed interest.

A sane miner would leave ship somewhat ahead of the rush.

But hey reality is they will drop the bomb whether it is sept 13 or sept 30

But I am already earning etc and supporting the network.

if we slow up the bomb by slowly pulling our hash to etc it will only be a week tops.


see what was done in june.
we did 15 second blocks

I want us to go from current 12.5 cents closer to the 15 second ones. like we did in june.

Because I remember when ETH forked and ETC was born. The difficulty was extremely high for ETH when it forked. However unlike Bitcoins difficulty retarget, it didn't take that long for the difficulty to adjust and for the chain to survive and was at first only mined by a handful of miners. So the way they coded the difficulty retarget was so the network can still function if a huge portion of the hashrate is decreased.

So looking at https://etherscan.io/chart/blocktime
it seems that the block times are fairly close to the average even with the hashrate that is leaving the network.

It's quite funny that miners don't know their "shit".

You're spot on. Difficulty & hashrate are corelated maintaining a fairly constant average block time.
Moving hash from ETH to ETC will affect both, ETH rewards will increase, ETC will decrease.
The tail is tryng to wag the dog, it won't work. Only the contrarians, those who exploit the reduced ETH difficulty, will benefit.

yeah it moved 1 day since thread opened.

goal would be to move it at least 5 days.


871.45TH/. eth for last 7 days


33.15TH/ . eth for last 7 days.

So you did a thread to promote the delay

I don't have a huge number of GPUs, I'm under 1Ghs haha, but I'll move some Hashrate to ETC too, right now I'm full ETH via Ethermine receiving in Polygon Network
I used to mine ETC a long time ago, I think in 2017-2018 I mined some full coins of ETC but sold after that.

It will be an interesting experience if we can delay the bomb some days, everyone will notice this haha, and I'll be happy to have some more days to accumulate more ETH