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Topic: ETH diff bomb what can a miner do? - page 2. (Read 691 times)

member
Activity: 112
Merit: 83
August 22, 2022, 10:08:59 AM
#12
just boosted the etc up to 2.08g








In a hundred hours next epoch will be here I will boost to etc 3gb
member
Activity: 405
Merit: 19
August 22, 2022, 04:43:42 AM
#11
Stocking with Ethereum for now and after I will go for Ethereum Classic, or start mining Flux till 2023 gets here, I believe we still need better projects with PoW algorithm, many that are out now are not doing fine, I only see Ergo, Flux and Ravencoin. 🤦‍♀️
hero member
Activity: 2170
Merit: 612
Online Security & Investment Corporation
August 22, 2022, 03:34:27 AM
#10
Got it. Switching 4GB to ETC right now to support your idea.
legendary
Activity: 3808
Merit: 1723
August 21, 2022, 10:51:04 PM
#9
Isn’t the merge suppose to happen on a given block number. So if many miners move to ETC the difficulty readjusts fairly quickly and it’ll still be pretty close to sept 15.

The way the difficulty bomb works is that every block the difficulty is increased whether or not the hash power has increased. So even if people leave ETH the hashrate will go down and difficulty will readjust to maintain 15 sec block times and difficulty bomb will still cause a small increase. Unless I am making a mistake somewhere.
member
Activity: 112
Merit: 83
August 21, 2022, 02:43:48 PM
#8
Not understand what u're saying.

Eth mining is better than ETC now.
I have 29GH ethash mining power and I will switch them to ETC in 15 Sept.
Everything is ready to siwtch, wallet and different flşght sheets for different GPUs.
I switch to ETC because the OC settings will be the same. The easiest way to switch to another coin mining for my 62 rigs.

I dont mine ETC right now because its not so profitable.
I think ETC price will rise after ETH pos migration. So, I bought some ETC after selling some ETH.
This way is more profitable.

WHY do you switching to ETC now ?



Because you have the ability to flex your mining muscle and you are choosing to not flex it.

You have 29gh

Move to

25gh eth
  4gh etc

If every one does this we shift the difficulty bomb by 1 week or 2 weeks or 3 weeks.

lets analzye this in your case

29gh is 29000 mh or 290 x 2.51 = $729.00 usd  a day for 20 days = $14558  if do nothing

or

25gh is 25000 mh or 250 x 2.51 = $627.50 usd a day for 20 days = $12550 and
 4gh is 4000 mh or  40 x 1.40 =.   $  56.00 usd a day for 20 days = $  1120
                                                                                     total = $13670

so you see 14558 vs 13670 you say I lose $888 usd.


But your case bomb hits brings us a total unknown

my case bomb has not hit brings us more status quo


I know damn full well that with 29gh you want more status quo.

So you would risk $888 and keep status quo for 1 ,2 ,3 maybe 4 weeks.

It also shows that miners can fully affect eth and delay the diff bomb.

If timed correctly a big shift from eth to etc prior to the bomb stalls the eth chain

To me its worth a shot talking about.

we are on epoch 512 epoch 513 comes in 15 hours so in 16 hours a large shift in eth hash will stall the eth chain. We should look into doing this.

Mr V has epoch every 30000 blocks

So epoch 513 comes in about 15 hours on block number 15,390,000 so say that is aug 22 at 7am EST


normally it takes about 100 hours to get to epoch 514 block number 15,420,000 and this would be Aug 26 at 11am EST but a good drop in hash between aug 22 and aug 26 may stretch the 100 hours to 110 hours. or 120 hours.

Very simple way to do it is shift some of your ETH to ETC


Do it for 2 epochs about 200 hours time  or 8 days or do it for more.

I will post my next change tommorrow. around 9 am

legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
August 21, 2022, 01:39:08 PM
#7
Not understand what u're saying.

Eth mining is better than ETC now.
I have 29GH ethash mining power and I will switch them to ETC in 15 Sept.
Everything is ready to siwtch, wallet and different flşght sheets for different GPUs.
I switch to ETC because the OC settings will be the same. The easiest way to switch to another coin mining for my 62 rigs.

I dont mine ETC right now because its not so profitable.
I think ETC price will rise after ETH pos migration. So, I bought some ETC after selling some ETH.
This way is more profitable.

WHY do you switching to ETC now ?



I have already switched my mining rigs to ETC as I believe when the ETH mining will end,we can see an artificial increase in price of ETC in the beginning and soon after some time have passed not again artificial but natural of price increase of ETC if a lot of ETH hash rate is moved to ETC so that is a good move.I have done so,switched from ETH to ETC since when they announced for real the merge and the moving to PoS in early August,there is nothing to do in Ethereum mining now,I do not care for like 35 dollars less monthly I will get by mining ETC,those 35 dollars less maybe much more when ETC increases in price,that is why it can be considered a good move to switch to ETC mining,beside easing somewhat the Ethereum network which can delay a bit the difficulty bomb.

Another good reason is that people who have already 4 GB cards can attach them to their powerful rigs thus providing more hash rate (of course at a bit more energy consumption as a cost).
hero member
Activity: 2170
Merit: 612
Online Security & Investment Corporation
August 21, 2022, 01:21:54 PM
#6
Not understand what u're saying.

Eth mining is better than ETC now.
I have 29GH ethash mining power and I will switch them to ETC in 15 Sept.
Everything is ready to siwtch, wallet and different flşght sheets for different GPUs.
I switch to ETC because the OC settings will be the same. The easiest way to switch to another coin mining for my 62 rigs.

I dont mine ETC right now because its not so profitable.
I think ETC price will rise after ETH pos migration. So, I bought some ETC after selling some ETH.
This way is more profitable.

WHY do you switching to ETC now ?

member
Activity: 112
Merit: 83
August 21, 2022, 12:04:17 PM
#5
What's your gain if people delay this? Are you saying every miner needs to do the same? I want the bomb or merge to happen but it seems like miners are scared of what to come because I don't understand why they want this delayed.

Because you make more money as a miner if you push it out a month to oct.

I earned a bit less eth so far.
I earn etc which does not quite make up for the eth lost.

but by doing a delay to Oct 10 vs Sept 10

I earn more eth for those 30 days

the diff bomb hits 30 days later.

If I earn

240 usd  daily in eth from now to sept 10
   0 usd  daily in eth from now to sept 10 it is about 4800 usd in eth


if I slowly shift to etc

I earn say 200 usd a day  in eth  from now to sept 10 . so 20 x 200 = 4000
I earn say  20 usd a day in etc from now to sept 10.  so 20 x 20 = 400

net is 4400 which is worse than 4800. people see this and think wtf am I talking about.

but the bomb does not hit sept 10 this way maybe it hits sept 20 or sept 30

if it hits sept 30. this is 20 more days of earning 200 + 20 = 4400

vs a bomb and maybe very little earnings at all.

I will study the math more I simply think it is a better method than

 eth eth eth eth bomb etc

cost is not a lot 20 usd  a day for me  and I have 10.2gh involved.
member
Activity: 207
Merit: 12
Syntrum.com
August 21, 2022, 11:36:52 AM
#4
What's your gain if people delay this? Are you saying every miner needs to do the same? I want the bomb or merge to happen but it seems like miners are scared of what to come because I don't understand why they want this delayed.
member
Activity: 112
Merit: 83
August 21, 2022, 10:57:14 AM
#3
spacer 2

That is around 920-970
member
Activity: 112
Merit: 83
August 21, 2022, 10:56:12 AM
#2
spacer 1


As we all know eth pays better than etc

on viabtc.com

eth pays 0.0243 cents an mh
etc pays 0.0132 cents an mh


so a full switch from eth to etc is going to cost usd value daily.

but what does a partial switch do?

First it lowers the ETH diff. Yeah I pulled 1.3 gh off my eth and moved it to etc  did I really move the diff a lot all by myself? answer is nope, but lets look at eth hashrate last week



member
Activity: 112
Merit: 83
August 21, 2022, 10:54:36 AM
#1
Please note I am philipma1957's alt. I formed an LLC with forum member buysolar this year.

Thus this new account.




Well according to wenmerge.com the diff bomb is due in sept

9/13/2022. This date is drifting it was as early as 9/6/2022 it is now 9/13/2022

 The drifting to a later date is because miners are leaving ETH and switching to ETC and other pools.

The diff for eth has dropped and this slows the bomb date.

I have started to move my 10.2 gh on eth to etc


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