Eth Pow algo isn't going away anytime soon

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: TheMimic1 on May 04, 2021, 09:14:37 AM

Quote from: Metroid on May 04, 2021, 08:27:54 AM

Smart people are not buying gpus, smart people are selling their GPUs at these prices, 5x msrp already, 3080 msrp = 700 usd, where I live before the bs 3080 = 800 usd, now 3080 = 3500 usd. Let the idiots buy it and laugh.

https://whattomine.com/coins/151-eth-ethash?hr=100&p=250&fee=2.0&cost=0.1&hcost=3500&span_br=1h&span_d=24&commit=Calculate

It says 350 days to get roi but pay attention, eth is very close to the top already, which means once it hits the top then hehell will break loose ehhe

They will be forced to get stuck with the cards for many years to come just to get back what they invested, well said but it might not be entirely bad for those who have free electricity like myself, though I buy my GPUs at 2x price per one

or if they got a decent amount of cards they don’t buy unless they hit the shuffle from newegg.

TheMimic1

member

Activity: 252

Merit: 13

Quote from: Metroid on May 04, 2021, 08:27:54 AM

Smart people are not buying gpus, smart people are selling their GPUs at these prices, 5x msrp already, 3080 msrp = 700 usd, where I live before the bs 3080 = 800 usd, now 3080 = 3500 usd. Let the idiots buy it and laugh.

https://whattomine.com/coins/151-eth-ethash?hr=100&p=250&fee=2.0&cost=0.1&hcost=3500&span_br=1h&span_d=24&commit=Calculate

It says 350 days to get roi but pay attention, eth is very close to the top already, which means once it hits the top then hehell will break loose ehhe

They will be forced to get stuck with the cards for many years to come just to get back what they invested, well said but it might not be entirely bad for those who have free electricity like myself, though I buy my GPUs at 2x price per one

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: deskless on May 04, 2021, 08:33:45 AM

Quote from: Metroid on May 04, 2021, 08:27:54 AM

eth is very close to the top already

On what basis you could say this ?

It is a guess. But then again doge is 57 cents which is

.57/.0028 = 203 to 1 jump

so do I think eth could do 203 to 1 which is 16240 usd a coin

It could.

If it does Metroid is wrong and wrong bigly.

But 20000/1440 = 13.88 to one this is the 2017/2018 btc to eth number

so 13.88 x 3400 = 47222

and 13.88 x 4600 = 63,848. That would match up and 4600 could be the top.

So 4600 would be the low top based on 2017/2018 ratios

and 16240 would be the high top based on what doge did from last summer to now.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: deskless on May 04, 2021, 08:33:45 AM

On what basis you could say this ?

Everything has a limit, eth has grown a lot already, coming from 86 usd last year march 2020 to 3500 usd may 2021 is a lot, that is 44 times already, I guess the top will be very close to 50x, which will be 86 usd x 50 = 4300 usd, to stretch out a bit then 5k then back to 200 - 500 usd, I know you trolls laugh when i say eth will crash to 200 - 500, it may sounds impossible right now but that is how cryptos are, I myself would never believe eth would crash to 80 usd in 2018, i thought maximum would be around 200 usd, from 1440 usd. Cryptos rise and crash a lot, so expect a huge crash after it rose a lot.

deskless

jr. member

Activity: 279

Merit: 1

Quote from: Metroid on May 04, 2021, 08:27:54 AM

eth is very close to the top already

On what basis you could say this ?

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Smart people are not buying gpus, smart people are selling their GPUs at these prices, 5x msrp already, 3080 msrp = 700 usd, where I live before the bs 3080 = 800 usd, now 3080 = 3500 usd. Let the idiots buy it and laugh.

https://whattomine.com/coins/151-eth-ethash?hr=100&p=250&fee=2.0&cost=0.1&hcost=3500&span_br=1h&span_d=24&commit=Calculate

It says 350 days to get roi but pay attention, eth is very close to the top already, which means once it hits the top then hehell will break loose ehhe

Stanlo

full member

Activity: 952

Merit: 110

ETH PoW isn't going away like you said but the rewards will be incredibly lower once people start using that E9 ASIC miner, to keep up with your usual earnings you would be forced to add more GPUs to their mining setup, ETH mining is never going to remain the same again

jasper1234

newbie

Activity: 4

Merit: 0

Quote from: FP91G on April 28, 2021, 07:03:47 AM

The Russian board discusses more productive miners from Innosilicon
https://bitcointalksearch.org/topic/sic-miner-ipollo-innosilicon-5331354

https://www.alibaba.com/product-detail/Shenzhen-asl-Ipollo-V1-6000mh-eth_1600059336002.html
Hashrate: 6000GH

I have no data on the number of ASICs produced, but this seems to be a huge problem for mining on video cards

WOW!! That's Insane!

Philipma1957cellphone

full member

Activity: 416

Merit: 125

3600 watts does 1800 mh with gpus

These asics. Claim

3600 watts and 6000 mh

Bitmain claims

2800 watts and 3300 mh

Either one crushes gpus.

It is strictly about how many they make as they bury gpus.

FloppyPurpleGherkin

jr. member

Activity: 309

Merit: 2

Quote from: FP91G on April 28, 2021, 07:03:47 AM

The Russian board discusses more productive miners from Innosilicon
https://bitcointalksearch.org/topic/sic-miner-ipollo-innosilicon-5331354

https://www.alibaba.com/product-detail/Shenzhen-asl-Ipollo-V1-6000mh-eth_1600059336002.html
Hashrate: 6000GH

I have no data on the number of ASICs produced, but this seems to be a huge problem for mining on video cards

6000MH not 6000GH.. a very important difference lol.

FP91G

legendary

Activity: 1834

Merit: 1131

The Russian board discusses more productive miners from Innosilicon
https://bitcointalksearch.org/topic/sic-miner-ipollo-innosilicon-5331354

https://www.alibaba.com/product-detail/Shenzhen-asl-Ipollo-V1-6000mh-eth_1600059336002.html
Hashrate: 6000GH

I have no data on the number of ASICs produced, but this seems to be a huge problem for mining on video cards

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

lol, this is so much fun, if bitmain disclosed this asic publicly then it means they have a 10 times better hidden somewhere in their warehouse hehe, they will sell these old asics for a lot and then they will crash the market, just like they did to bch in 2018, they rise eth and btc price a lot, then first, sell all these asics at the peak making billions of usd then dump all the eth and btc they bought past months at top.

Ardvark69

newbie

Activity: 50

Merit: 0

Quote from: Ceyflix-Rez on April 25, 2021, 06:06:23 AM

It doesn't seem like eth pow algorithm is going to end ever because big Asic companies are building new Asic miners, for example the upcoming antminer E9 which has the power of 32 RTX3080, isn't that insane? Shocked

, well this means that pow is staying, the hardest than eth team can come up with is splitting up Pow Eth and PoS Eth, what do you think?

More like ASIC companies are selling off their machines they were using to mine themselves (which is a bad sign).

That being said with the Open Eth client failing despite passing all checks on testnets they will need to develop a better testnet that reflects main net conditions before any major changes are made. It was a very bad sign that one of the 4 clients failed and it would have been much more horrendous had it been Geth that failed.

I give it even odds that 1559 and 2.0 are delayed slightly as those are much bigger changes than Berlin and require a testnet that reflects the mainet before implementation. You don't risk a 300+ billion dollar coin to save a couple of months.

arielbit

legendary

Activity: 3444

Merit: 1061

3090 is done.

Only 200mhs cards with hbm/hbm2e can be profitable with cheap electricity.

Nvidia is planning to make one and amd radeon vii will have a successor.

These gpu makers can compete with these asic makers if they want to. Let's hope they can push it to 300mhs hehe.

Gorosden

member

Activity: 518

Merit: 30

$CYBERCASH METAVERSE

Quote from: Metroid on April 26, 2021, 06:51:37 AM

Quote from: adaseb on April 25, 2021, 11:10:50 PM

Seems like deja vu again.

yeah, even a new eth asic has now surfaced, we all know bitmain made it public, https://www.techpowerup.com/281471/bitmain-releases-antminer-e9-ethereum-asic-with-performance-of-32-rtx-3080-cards

gpu mining is done for with this, let the idiots pay 5x the msrp of gpus then resell for 5x less than what they have paid as soon as this crashes hehe.

one way or the other gpu mining will be done for, imagine all that eth hashrate into other pow coins, eth has been asic haven for quite sometime.

I'm just wondering how many people have already said what you're saying right now in past years, new ASICS means the end for its remaining I don't think so, since 2017 many ASIC miners comes around and yet here we are, anyways I planned on selling my graphics cards next month because I believe that's the best time to opt out of this ETH mining menace and I plan on selling those GPU on eBay for higher price

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: adaseb on April 25, 2021, 11:10:50 PM

Seems like deja vu again.

yeah, even a new eth asic has now surfaced, we all know bitmain made it public, https://www.techpowerup.com/281471/bitmain-releases-antminer-e9-ethereum-asic-with-performance-of-32-rtx-3080-cards

gpu mining is done for with this, let the idiots pay 5x the msrp of gpus then resell for 5x less than what they have paid as soon as this crashes hehe.

one way or the other gpu mining will be done for, imagine all that eth hashrate into other pow coins, eth has been asic haven for quite sometime.

adaseb

legendary

Activity: 3808

Merit: 1723

Well its like a repeat of 2018 again I guess. Hashrate back in late 2017 started to go up like crazy. Basically I looked at the numbers of chips that AMD and Nvidia produced per quarter and it didn't add up to the amount of hashpower that entered the market back in 2017. Something was up.

Then months later it was revealed that Bitmain has somehow managed to make an ETH ASIC miner called the E3. When they released it the prices were already tanking and they sold it for top dollar pretty much, no idea if you could even ROI if you paid the $2K price tag.

Seems like deja vu again.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Despite Greta's disapproval yes and I think some miners are also looking for options like solar mining. Its amazing how they planned to have both algo though because sooner as just what they are talking about is that we can also do stake ETH to earn from it which basically also like mining. There could be more threads about which one makes more money like ETH stake or just mining.

arielbit

legendary

Activity: 3444

Merit: 1061

Quote from: generalt on April 25, 2021, 07:56:07 PM

Quote from: philipma1957 on April 25, 2021, 04:35:53 PM

Quote from: badbart on April 25, 2021, 03:20:39 PM

But profits are taking a hit. Hash is rising and price is falling, might start to get rough. More asics with a reward reduction is going to make eth a lot less profitable. Unless you can get cheap ASICs with cheap electricty I wouldn't add any new hardware.

cheap power works until bitmain floods the market with its 3300 mh miner. pulls only 2800 watts.

this answer why the eth hash rate has kept up as it crushes the s19pro in $ per dollar.

link to its youtube video

https://www.youtube.com/watch?v=nNFa-HKTV4Y

twitter link

https://twitter.com/Antminer_main/status/1382880172563632129/photo/1

I find myself wanting these new E9 miners but as always what's going to be the cost and how long are they going to mine with them first before shipping them out to us.

they will sell at the top of the bull run or the beginning of the bear market LOL

generalt

legendary

Activity: 1096

Merit: 1021

Quote from: philipma1957 on April 25, 2021, 04:35:53 PM

Quote from: badbart on April 25, 2021, 03:20:39 PM

But profits are taking a hit. Hash is rising and price is falling, might start to get rough. More asics with a reward reduction is going to make eth a lot less profitable. Unless you can get cheap ASICs with cheap electricty I wouldn't add any new hardware.

cheap power works until bitmain floods the market with its 3300 mh miner. pulls only 2800 watts.

this answer why the eth hash rate has kept up as it crushes the s19pro in $ per dollar.

link to its youtube video

https://www.youtube.com/watch?v=nNFa-HKTV4Y

twitter link

https://twitter.com/Antminer_main/status/1382880172563632129/photo/1

I find myself wanting these new E9 miners but as always what's going to be the cost and how long are they going to mine with them first before shipping them out to us.

Topic: Eth Pow algo isn't going away anytime soon (Read 489 times)