Ethereum London Hard fork - page 2. | Bitcointalksearch.org

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: swogerino on August 07, 2021, 11:57:00 AM

I just saw that happening so I immediately switch to 0.025 ETH payout frequency,I like to have a payout very often so no problem if I pay 4 USD for 0.05 ETH for the moment.Plus I think the fees will go down eventually after a few days once everything is clear.

It depends on many things, if is a trusted pool then 0.5 or 1 eth is no problem at all.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: batsonxl on August 07, 2021, 08:19:18 AM

Quote from: swogerino on August 07, 2021, 02:27:40 AM

Quote from: Metroid on August 07, 2021, 01:35:10 AM

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

1st i thought 0.01ETH was good but you are paying every time fees. It is better withdraw big amounts paying fee ones. For example each time you withdraw 0.01ETH you are paying 2$ for fee. if you withdraw 5 times it makes 10$. So it is better withdraw like 0.05 or 0.1ETH and pay only 2$. Did i correctly understood this new Buterins masterpiece work?

I just saw that happening so I immediately switch to 0.025 ETH payout frequency,I like to have a payout very often so no problem if I pay 4 USD for 0.05 ETH for the moment.Plus I think the fees will go down eventually after a few days once everything is clear.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: batsonxl on August 07, 2021, 08:21:03 AM

Hi Metroid i found better way to keep coins and money safe. There is stop limit on exchanges. Eth now at 3k which sound very nice but it is always wise put stop limit at 2.7-2.8k. if price goes up you also go up with stop limit.

I believe thieves will take it to 5k and then crash to hehell but yeah you can always do that, I will use stop loss after eth hit 5k, I will leave that at 5k if it hits it hits if not and it keeps going up like 6k then i will put stop loss at 6k and then keep until it crashes and my stop loss hits. This is the last time wolves have to steal blood/money from sheeps. So eth 5k is possible, I'm thinking of stop loss it at 4.5k, maybe eth will hit 4.999 usd and then crash to hehell.

batsonxl

member

Activity: 1201

Merit: 26

Quote from: Metroid on August 07, 2021, 04:09:46 AM

Quote from: swogerino on August 07, 2021, 02:27:40 AM

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

Agreed, anybody buying now must be insane, time to buy is over a long time ago, this is a huge trap before hehell, gpus might rise a bit now but then will crash very fast later on as the coins will be sank to the floor.

About mining, do not buy gpus now, that will give you a false expectation, cause you think your roi will be 300 days and you will find out that 300 days will become 3000 days, so mine and sell, i'm not selling now because I believe thieves will take eth to 5k and i will sell around that.

One last thing, if you people have gpus and electricity price higher than 0.05 kwh usd, better to sell those gpus right now or wait a little bit, cause once the bear market hits you will have to sell those gpus very cheap or mine at loss for at least 24 months.

Hi Metroid i found better way to keep coins and money safe. There is stop limit on exchanges. Eth now at 3k which sound very nice but it is always wise put stop limit at 2.7-2.8k. if price goes up you also go up with stop limit.

batsonxl

member

Activity: 1201

Merit: 26

Quote from: swogerino on August 07, 2021, 02:27:40 AM

Quote from: Metroid on August 07, 2021, 01:35:10 AM

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

1st i thought 0.01ETH was good but you are paying every time fees. It is better withdraw big amounts paying fee ones. For example each time you withdraw 0.01ETH you are paying 2$ for fee. if you withdraw 5 times it makes 10$. So it is better withdraw like 0.05 or 0.1ETH and pay only 2$. Did i correctly understood this new Buterins masterpiece work?

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: swogerino on August 07, 2021, 02:27:40 AM

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

Agreed, anybody buying now must be insane, time to buy is over a long time ago, this is a huge trap before hehell, gpus might rise a bit now but then will crash very fast later on as the coins will be sank to the floor.

About mining, do not buy gpus now, that will give you a false expectation, cause you think your roi will be 300 days and you will find out that 300 days will become 3000 days, so mine and sell, i'm not selling now because I believe thieves will take eth to 5k and i will sell around that.

One last thing, if you people have gpus and electricity price higher than 0.05 kwh usd, better to sell those gpus right now or wait a little bit, cause once the bear market hits you will have to sell those gpus very cheap or mine at loss for at least 24 months.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: Metroid on August 07, 2021, 01:35:10 AM

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

adaseb

legendary

Activity: 3808

Merit: 1723

If you want to see how the difficulty bomb worked in the past look at, https://etherscan.io/chart/blocktime

You can see that it got activated sometime in April 2017 and every few weeks kept increasing and increasing. The miners were coming online because price was going higher and higher however they still couldn't keep the blocktime near 15 seconds. So it kept increasing all the way up to 30 seconds in later 2017 until they finally did a hard fork and the block times were back to normal.

So as you can see its not instant but every 2 weeks or so, it increases the difficulty more and more and as time goes on, it goes up exponentially higher as you can see.

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: Newatbit on August 06, 2021, 01:41:50 PM

Quote from: sxemini on August 05, 2021, 07:12:00 AM

Quote from: Newatbit on August 05, 2021, 07:06:09 AM

I worry more about the eip 3554 on december than this update today

If this EIP really happen on december the ETH mining will be over..

Ok, we have other alt coins to mining.. but.. all eth mining going to other much smaller market… will it work??

Dude EIP 3554 come today with the London Hardfork and it will delay the difficulty bomb to december, so this is quite good update. The name says diffi bomb delay

So, do u think ETH mining will not end on december???

The difficulty bomb does not start working immediately, and the time it takes to mine the block increases gradually.
Even if the developers do not have time to change the algorithm in December, then nothing serious will happen until January or February.
But many miners are confident that this will happen in the next 5-8 months.

Newatbit

newbie

Activity: 28

Merit: 2

Quote from: sxemini on August 05, 2021, 07:12:00 AM

Quote from: Newatbit on August 05, 2021, 07:06:09 AM

I worry more about the eip 3554 on december than this update today

If this EIP really happen on december the ETH mining will be over..

Ok, we have other alt coins to mining.. but.. all eth mining going to other much smaller market… will it work??

Dude EIP 3554 come today with the London Hardfork and it will delay the difficulty bomb to december, so this is quite good update. The name says diffi bomb delay

So, do u think ETH mining will not end on december???

ccplz

full member

Activity: 258

Merit: 116

ergo/rvn/cfx being pumped, maybe because of the eth hardfork?

digital$

member

Activity: 287

Merit: 18

im seeing roughly 12-15% less earnings on ethermine so far. early days for average estimate but yeah looking negative for us miners : (

adaseb

legendary

Activity: 3808

Merit: 1723

The difference in profitability will take a few days to find out how they are affected because a number of factors come into play.

For example, lately due to ETH surging and NFTs popularity the gas fees are higher. They used to be like 10 Gwei and now are usually at least >50 Gwei. So your profitability is higher however due to the coin burn, its slightly less.

Another issue is that it matters what the gas fees are. If they are crazy high like >150 Gwei the coin burn will have a larger affect than when they are smaller such as 10 Gwei. So you need to mine for a few weeks first and see how the profitability changes overall.

FomoMiner

newbie

Activity: 26

Merit: 5

you can monitor what is going on here:

https://www.etherchain.org/burn

being on Ethermine, I'm also observing a decrease in profitability. was something like 0.00540 or .00520eth/day (Ethermine estimation) and now it is at .00497.
not a lot and maybe not a precise monitoring of eip1559's effects but if it stays like that it's okay. in all cases we can do nothing just hope it won't worsen.

FP91G

legendary

Activity: 1834

Merit: 1131

I haven’t noticed a drop in profit in the statistics either. Today there was a very high price for Gas, perhaps this influenced the profit, commissions in blocks reached 8 Ethereums.
I don't understand how to calculate what percentage of commissions are burned in each block.
But if the commissions decrease, then this will affect the profit.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: skablast on August 05, 2021, 09:35:18 AM

Aniway, if someone (else) is coming here for info and not conjecture:

Average reduction in miners revenue after some hour seem to be around 16 %

I got from 0.0082 to 0.0076 but I don't know if that is 16%,it looks a bit less to me but what is important is that it started to reduce a bit the mining rewards as it was expected by many.Ethereum network difficulty seems to be a bit lower from 7.79 to 7.52 P which means some miners have already switched to some other algorithm.Meanwhile the increase in price for Ethereum makes up for the small reduced mining rewards so for me nothing has really changed as of yet except that burned ETH is in about 10.000 dollars a minute in fees with this update.

skablast

member

Activity: 476

Merit: 19

Just go to some pools and look at the value of the block( Mev included) and compare to the average of the last 3 days ?

Precise ? Not. Good guess if the sample is big enough ? yes.
In fact i came here to see if someone had a better method.
Beside minerstat Nicehash 2 criptocalc that I think will start becoming affordable after 24 hour

deskless

jr. member

Activity: 279

Merit: 1

Quote from: skablast on August 05, 2021, 09:35:18 AM

Aniway, if someone (else) is coming here for info and not conjecture:

Average reduction in miners revenue after some hour seem to be around 16 %

How did u get 16%? I am curious to know.

skablast

member

Activity: 476

Merit: 19

Aniway, if someone (else) is coming here for info and not conjecture:

Average reduction in miners revenue after some hour seem to be around 16 %

Topic: Ethereum London Hard fork - page 2. (Read 941 times)