Topic: ETH network hashrate going to the moon!!!! (Read 11060 times)

514TH right now on ETH.

this is insanely fucking madness.

A combination of factors made gpus msrp to rise 3 times, rtx 3070 in december was $670, now is sold where I live for 1500 usd.

the net hash holding back because massive silicon shortage in all cheap production make gpu & asic production pretty low and all gpu msrp already double up,

these happening are good luck for us as a miner, if production going full again surely massive nethash upward increase exponentially

man, shut your bitch ass up calling everyone a greedy bastard when infact youre the one whose mouth is full of white foam, spewing garbage about everyone talking about something you DESERVED, you dont deserve shit.
you started mining for money, you kept mining for money and when someone else started mining for money, youre the one who got greedy and i can safely say you are an ignorant infant with the way you think.
dont strain yourself, take care of your mental, peace.

i deserve that profit for all the hard times. And probably you are just one of those greedy bastards aswell that have entered now the pools to get the profit that others helped to create.

So you answered his question... you're just one of the greedy people.

Hell yeah, can't agree more with you man...
But the sad thing is, you can't do sh** about it

On the other hand, look at this from the bright side, you can sell some portion of coins now when the price is high and greedy basta*** probably won't pay off their overpriced and overpayed gpu's which they purchased because of greed

i will answer you, straight away.

To begin with, i've been mining since mid 2017. i did it at that moment without knowing it could get it's ATH in January 2018. I ate myselft all the bear season in 2018-2019 and part of 2020, mining with very little profit. I did it, first because i wanted this technology to succeed, and the first important thing to do on a PoW coin, is to mine to support it. Every year with my hashrate in bear market (like 90$ an ETH coin) i lost money that i had to put from my wallet. i hated myself for having entered this market and i was at a point of selling the hardware. Finally, thank god, i didn't do it.

Now, that prices are really high, greedy guys, probably like you come like flies to try to get the most profit out of it, once all the rest, the real FIGHTERS held the coin working and secure from 51% attacks with their hashrates. Now that all "old" miners, like me, did the HARD, THE TOUGH AND UNPROFITABLE WORK, there are GUYS THAT ARE TAKING THE PROFIT FROM US.

I will explain it to you as an example: Imagen that you have to prepare meal. You have to go to the supermarket, buy all the food, get home, prepare it, cook it, put it on the table, and then, suddenly some big amount of MOFOS that saw your food enter your house and begin eating your food like real scammers. Those greedy guys taking advantage of you.

We are not talking about "small" amounts of people. We are talking about x2,5 on total hashrate in 7 months, and at these speeds, there will be like 600TH EVEN BEFORE POS IS IMPLEMENTED.

Do you know WHY I KNOW THIS PEOPLE ENTERING NOW ARE GREEDY BAST*RDS?? Because they are investing on a thing that will likely go PoS by the end of the year, with a price cut on July of over 40% on Fees with the implementation of EIP-1559. And they still invest? Why? Because this people know NOTHING ABOUT THE COIN, WHATS GOING ON OR WHAT IS GONNA HAPPEN SOON. They just care about money as much as possible which is why they are greedy B*stards.


ETH hashrate is growing so fast, that devs have said they will rush the implementation on PoS because they need to DISCOURAGE PEOPLE FROM MINING, because the more coins are mined, the more coins will be in the market, the less valuable they will be just for a matter on the amount of circulating coins.


The ETH hashrate has more than doubled from August 2020 to now. And this movement is related specifically due to greed people eating MY EFFORT AND THE EFFORT OF THE REST OF THE PEOPLE THAT HAVE KEPT MINING DURING VERY HARD TIMES. Those greedy people have destroyed part of my effort, a well deserved profit for my months through tough times.

meh price up, price down, dont care.  What matters is amount of BTC added to wallet when all is said and done.  Now fees are high, which is good.  More than compensates for price drop.

If your a big miner sell short, limit your downside.  The market is still high and profits are still good, lock it in.  If the market recovers your mning can cover your short position.  I'm one month of  income hedged right now and will keep adding if things continue down.  I'll hedged two years worth of mning if things look bad.

LOL!

Are they greedy for trying something out or are you greedy for not wanting them to buy something so you could buy it and profit yourself ? 

Remember what i said trolls, "sell your mined coins at top, do not wait for eth 3k, just sell and be happy with the profit". There is a chance this is it, this is the exit, bullrun is over however i still think btc has a great chance to go to 79k and then yes gameover but this could be it, the end of the road and greedy hehe

Exactly well this been told but people dont listen.i have many friends around asked for mining he spent 2k for rig of 10gtx 1070 which was a bit expensive on that time 2018. because 10 gtx 1070 was giving like 6-9$ a day, he just mined 1 month and sold it for same price now again he comes to me and crying. what can i do if people are stupid. he wants buy now 4x 3070 for 1400$ each. i said i dont know do whatever you want now he is gone not talking to me.

huge applause to those that bought GPUS at x2 retail prices and now they are eating a 25% drop in ETH prices, and probably even more, according to TA, which can go as low as 1000$, TOTALLY DESTROYING the previsions on ROI they have made.

YOU DESERVE IT, GREEDY GUYS!!!

403 TH of hashrate. This is PURE MADNESS.

Where I live in December 2020 a 3060ti was sold for 520 usd, now in february 2021 is sold for 930 usd, 3070 for 1200 usd and 3080 for 1700 usd and 3090 for 2500 usd, insane. Good luck to whoever buys them cause as soon as this crashes which I think is not going to be far, too much bs already.

1º there are NO COINS that can actually cope with 400TH of hashrate, and the ones the remain profitable right now will just get destroyed. I feel like discussing about this makes no sense because this is a fact. Many people will continue mining once ETH goes PoS. It will happen the same as when 4GB DAG file was reached and it was said, even by many big youtubers, that there would be a drop in hashrate of about 40%. Reality is that it was not even a 5% at most. Which means that people actually invested on more mining. This is just another way of living, and big investors and miners will continue doing it. 

It's evident that big farms will switch to other algos and remember, most hashing power is on mining Farms.

2º EIP is going to be implemented because , as you can imagen, ETH devs don't want hashrate to go to 500 or even 600TH of hashing power. Also remember that with big ASICS entering the market, a big big farm combined with others could potentially do a 51% attack. They know the risks of ASICS, and the best "easy" way of discouraging people from mining is actually implementing this EIP. I'm 100% it's going to happen, and it will happen before 6months.

3º PoS is already announced. You cannot compare. The amount of projects linked to ETH, the price, the hashrate, the implementation of ETH 2.0 is running as intended, and so you cannot say this is not going to happen soon because in the past (without this level of development) they couldn't complete their "timetable". PoS is happening, and we can bet if you want. My bet is end of 2021 , begining of 2022, at most. They are DETERMINED to do it on time, and they are going to rush it.

4º Vitalik is a well known ANTI-mining dev. His goal of ETH coins on the market was 100M. there are, at least, 114M right now, and the amount of coins generated everyday is at ATH. If there is a way to get rid of 20%/30% or even 40% of the mining hashrate, they will do it, because their main issue right now is INFLATION, directly related to mining. The more coins generated, the less value they will have. So they want to stop it ASAP. I feel like they are going to do it. For me, it would be nice if they "artificially inflate" the DAG to 6GB since all my cards are 8GB, so that would not affect me at all.

But, lets be clear. There are not so many cards mining ETH with 6GB cards. RTX 2060 were never meant to do that. IN fact, you could do that 30ish MH with just an RX 570 8GB. I don't think there are so many RTX 2060/1060/1660/super/ti and the like. If they were to inflate the DAG , they would do it until 8GB, although i can agree that they would have to study first which cards are mining because they could risk destroying a big part of the hashrate making it possible for big ASICS farms to do a 51% attack.

Anyway, the end is very near, and madness is just disgusting. here in Spain, i've been told that all the supply of RTX 3060ti that the biggest retailer was receiving next March has been sold to a guy with a mining farm. more than 1000 cards at a price of 600€ each.  And he also asked for all the RTX 3070/3080, but this operation was denied by the company. Supply of those cards is bound to happen in mid-end of March.

Well we keep growing

https://etherscan.io/chart/hashrate

293 th Jan   1 2021
394 th Feb 12 2021

101th in 42 days

So if we keep ths pace


495th March 26 2021   42 days

596th May     7 2021    84 days


697th June  18  2021   126 days

Now what is interesting is for miners that the cents per mh is still over 10 cents
 
On via btc I am paid 200% of a block which means coins ar 2x the value for me as a miner

So miners are paid 0 fees but 3614 usd coins another way of understanding it.

 12 cents an mh is what the payout is.  vs 6 cents and .001 in fees.

An interesting thing is fee reduction could spur eth to an all time high price.

if btc at 49k is possible eth could be 2940 price.

that would match the 1200 to 20000 ratio of eth to btc index 2017.

I know one thing  100% in fees is too high.  getting paid at a 200% rate on viabtc is too high.

I still see a lot of hash rate growth 

we may move from 394th to 697th in 4 months time from now.

but do some math 394/697 x 12 cents = 6.78 cents which is still very good for cpu mining

every device mining eth right now, new asic, new gpus, laptop or even console gaming, gold rush mining became trending again after bitcoin & doge take hit wallstreet high profile and some artist

gladly many gpus already out of stock, and we need new algo coin before to late