Pages:
Author

Topic: ETH hashrate keeps growing (Read 743 times)

hero member
Activity: 2492
Merit: 761
December 30, 2020, 02:21:02 AM
#27
As i see last 2 times DAG changes: after change nethash moving down, but some later it becomes higher. Sometimes higher then it was before DAG change. I think this is Nicehash users. I can`t explain it in any other way.
full member
Activity: 373
Merit: 124
December 29, 2020, 06:29:59 PM
#26
i start mining beam on 4gb card . couldn't find any other option
jr. member
Activity: 279
Merit: 1
December 29, 2020, 02:43:18 PM
#25
 Highest Avg Hash Rate of 300,739.6361 GH/s was recorded on Monday, December 28, 2020
legendary
Activity: 1764
Merit: 1002
December 29, 2020, 09:10:09 AM
#24
my 570 4gb's r still hashing at 25mh, easily still most profitable until around 12-13mh then it becomes questionable. (likely end of Jan)
Cheesy Cheesy Cheesy Cheesy Cheesy "becomes questionable" while altseason began to kick off those 4gb gpus continue to mine

most of gpus is quite old and most likely will die on mining till the end of their lifespan

our silentarmy die with dignity RIP

legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
December 29, 2020, 03:18:36 AM
#23
Tomorrow the DAG changes again so we will see how much hashrate we lose again, currently I get like 23.75Mhs on my RX 470 4GBs. I am assuming its going to lose maybe 1-2MHs so it will hash at 21-22MH/s or so.

I looked at other coins like ETC, however the profitability is horrible if you got like $0.10 power. Basically nets like a dime a day. There are other coins which make slightly more however nothing like ETH.

Seems that its best to just sell them and get some 8GB models. However I don't know if you guys noticed but the 8GB models pretty much doubled in price lately. A year ago, I think you spend like $30 extra and could get a 8GB model, now they are worth double. Best time to upgrade would of been a year ago.
jr. member
Activity: 306
Merit: 2
December 28, 2020, 06:40:14 PM
#22
my 570 4gb's r still hashing at 25mh, easily still most profitable until around 12-13mh then it becomes questionable. (likely end of Jan)
legendary
Activity: 1736
Merit: 1071
December 28, 2020, 01:18:50 PM
#21
My 4GB graphics cards are mining Ethereum with a hash rate of 22 mh / s. This is still very profitable due to the fact that the price of these video cards is $ 90. Next year I will look for a replacement for these video cards. And if I don’t find inexpensive video cards, I’ll use 4GB video cards for mining other coins.
jr. member
Activity: 557
Merit: 5
December 28, 2020, 01:03:12 PM
#20
Difficulty reached almost 3.8P today
jr. member
Activity: 279
Merit: 1
December 28, 2020, 11:08:54 AM
#19
Well if the ETH price vs dollar keeps rising, we may not be able to see a reduction in hashrate.  Sad
hero member
Activity: 2492
Merit: 761
December 28, 2020, 03:29:33 AM
#18
Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.
I'm not sure that not all owners of these video cards will switch them to other algorithms. The profit on these coins has decreased, and in 20 days it will be even worse. It may be more profitable to sell them.
Yes, right now mining ETH still gives more profit then ETC or RVN, but week by week their hash going down. Yet new GPUs begin to mine ETH. I think we have to wait about 3-5 weeks to see real nethash falling.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
December 27, 2020, 12:45:34 PM
#17
Wouldn't there be more profit available since those cards would be switching over to another algorithm such as etchash.

no, eth is right now 3x more than any other thing for polaris, hashrate of polaris need to crash 30%, i mean from 30mhs to 10mhs to think about changing to something else.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
December 26, 2020, 10:35:48 PM
#16
So with the hashrate dropping since these 4gb are slowly being phased off the network, due to zombie mode enabling them to still work in some mining programs, they are still able to work but at a crippled hashrate compared to what they were doing a month ago.
Wouldn't there be more profit available since those cards would be switching over to another algorithm such as etchash.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
December 26, 2020, 10:09:48 PM
#15
This is actually what I have been doing for the past few months. Its been very easy selling GPUs ever since Covid pretty much. There are GPU and other hardware like CPUs shortages everywhere. There are lockdowns everywhere, people stuck at home, bored out of their minds, or kids with nothing to do. So there is huge demand for GPUs.

Ive been selling these RX 470 4GB for years and this is the best time to sell them. They will be lots of willing buyers and they will go fast. Not point in holding on to them and mining at like 1/3 or 1/2 the daily profits. Add a few $'s extra and get some newer GPUs.

You pretty much nailed it. Yeah, this is the best time to sell used gpus.
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
December 26, 2020, 10:07:18 PM
#14
Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.
I'm not sure that not all owners of these video cards will switch them to other algorithms. The profit on these coins has decreased, and in 20 days it will be even worse. It may be more profitable to sell them.

This is actually what I have been doing for the past few months. Its been very easy selling GPUs ever since Covid pretty much. There are GPU and other hardware like CPUs shortages everywhere. There are lockdowns everywhere, people stuck at home, bored out of their minds, or kids with nothing to do. So there is huge demand for GPUs.

Ive been selling these RX 470 4GB for years and this is the best time to sell them. They will be lots of willing buyers and they will go fast. Not point in holding on to them and mining at like 1/3 or 1/2 the daily profits. Add a few $'s extra and get some newer GPUs.
newbie
Activity: 39
Merit: 0
December 26, 2020, 03:15:33 PM
#13
secret asics mined BTG since its creation and was why ther was a 51% attack
newbie
Activity: 106
Merit: 0
December 26, 2020, 03:14:55 PM
#12
I think 8gb or 6gb ASIC secretly mining
Sad but true, I always wondered why they "hide" them on the network, why not just power on all of ASICs in China.
newbie
Activity: 9
Merit: 1
December 26, 2020, 01:07:11 PM
#11
 I think 8gb or 6gb ASIC secretly mining
legendary
Activity: 1708
Merit: 1615
Payment Gateway Allows Recurring Payments
December 26, 2020, 12:46:13 PM
#10
Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.
I'm not sure that not all owners of these video cards will switch them to other algorithms. The profit on these coins has decreased, and in 20 days it will be even worse. It may be more profitable to sell them.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
December 26, 2020, 12:35:26 PM
#9
You can see a drop in hash rate on ethermine every dag increase.

https://ethermine.org/statistics

that is a pool

here is the whole network


https://etherscan.io/chart/hashrate

there was a solid drop from the 23rd to the 25th

295 to 281 or about -4.745%

lets wait until the next print on the 27-28 of dec and see what happens

maybe we drop to 267 another 4.7%

If true maybe we go as low as 210-230 in a month
hero member
Activity: 2492
Merit: 761
December 26, 2020, 12:25:01 PM
#8
Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.
Pages:
Jump to: