Ethereum Mining Bomb (Probably only 6 more months of ETH mining left) - page 2.

onemd

full member

Activity: 309

Merit: 118

Quote from: viksa86 on June 10, 2016, 07:52:05 PM

Quote from: Amph on June 10, 2016, 08:04:22 AM

Quote from: onemd on June 10, 2016, 07:08:38 AM

Quote from: Amph on June 10, 2016, 12:38:30 AM

it does not matter anymore, etheruem is not the most profitable lately, there are better option

What are the more profitable coins? I am interested in know the coins. But the Ethereum difficulty is still rising.

whattomine and use boosted hash for lyra2v2

What is boosted hash for r9 280x ?

For the 280x, if you run it at 1000/1500MHz, the speed is about 20 MH/s. But it drops about 1% every DAG change.

viksa86

newbie

Activity: 32

Merit: 0

Quote from: Amph on June 10, 2016, 08:04:22 AM

Quote from: onemd on June 10, 2016, 07:08:38 AM

Quote from: Amph on June 10, 2016, 12:38:30 AM

it does not matter anymore, etheruem is not the most profitable lately, there are better option

What are the more profitable coins? I am interested in know the coins. But the Ethereum difficulty is still rising.

whattomine and use boosted hash for lyra2v2

What is boosted hash for r9 280x ?

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: onemd on June 10, 2016, 07:08:38 AM

Quote from: Amph on June 10, 2016, 12:38:30 AM

it does not matter anymore, etheruem is not the most profitable lately, there are better option

What are the more profitable coins? I am interested in know the coins. But the Ethereum difficulty is still rising.

whattomine and use boosted hash for lyra2v2

onemd

full member

Activity: 309

Merit: 118

Quote from: Amph on June 10, 2016, 12:38:30 AM

it does not matter anymore, etheruem is not the most profitable lately, there are better option

What are the more profitable coins? I am interested in know the coins. But the Ethereum difficulty is still rising.

Amph

legendary

Activity: 3248

Merit: 1070

it does not matter anymore, etheruem is not the most profitable lately, there are better option

Tmdz

hero member

Activity: 1008

Merit: 1000

They will switch over to POS before something like that happens.

That is to make difficulty too high to make a profit mining, forcing the switch over to POS. But there are talks about taking the difficulty bomb away as they think the new version for POS will take more time and testing than anticipated.

Dev_Sempak_coin

sr. member

Activity: 308

Merit: 250

sorry im newbie at block and mining, if we need one month to find and solve 1 block

Quote

Blocktime over one month in October 2017

how about transaction? so we must waiting 1month to get confirmation ?

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

Quote from: adaseb on June 07, 2016, 08:01:43 AM

Quote from: reb0rn21 on June 07, 2016, 06:39:18 AM

If anyone thinks price will go up as mining profitability drop, think twice, price has nothing with mining difficulty, never had, its all on team with premined ethereum and their P/D scheme!

If anyone think ethereum is gona be BTC 2.0, I wish you luck with holding 90% premined (72 Million eth) scam

Most of those premined coins were from their ICO and most likely they were all sold for profit.

I can assure you that is not the case.

onemd

full member

Activity: 309

Merit: 118

Quote from: adaseb on June 09, 2016, 11:40:54 AM

Quote from: dannygroove on June 09, 2016, 08:58:01 AM

Quote from: costi.kocev on June 09, 2016, 08:29:59 AM

Did the bomb is boooooming today?

The Difficulty rises today is huuuuge. Huh

Yeah, almost at 50 Trillion. Will this sustain? If price drops to pre DAO lows I dont know what will happen.

It will probably still keep rising. Still this is much more profitable than an Antminer S7 so people will keep adding GPUs.

For the farms with low electricity price, they will keep on adding the miners. I hope they will invest wisely.

dannygroove

sr. member

Activity: 306

Merit: 250

Quote from: adaseb on June 09, 2016, 11:40:54 AM

Quote from: dannygroove on June 09, 2016, 08:58:01 AM

Quote from: costi.kocev on June 09, 2016, 08:29:59 AM

Did the bomb is boooooming today?

The Difficulty rises today is huuuuge. Huh

Yeah, almost at 50 Trillion. Will this sustain? If price drops to pre DAO lows I dont know what will happen.

It will probably still keep rising. Still this is much more profitable than an Antminer S7 so people will keep adding GPUs.

Yup, I'll start adding 2 S9 to my farm after halving since everyone wants to mine ETH.

adaseb

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Activity: 3808

Merit: 1723

Quote from: dannygroove on June 09, 2016, 08:58:01 AM

Quote from: costi.kocev on June 09, 2016, 08:29:59 AM

Did the bomb is boooooming today?

The Difficulty rises today is huuuuge. Huh

Yeah, almost at 50 Trillion. Will this sustain? If price drops to pre DAO lows I dont know what will happen.

It will probably still keep rising. Still this is much more profitable than an Antminer S7 so people will keep adding GPUs.

dannygroove

sr. member

Activity: 306

Merit: 250

Quote from: costi.kocev on June 09, 2016, 08:29:59 AM

Did the bomb is boooooming today?

The Difficulty rises today is huuuuge. Huh

Yeah, almost at 50 Trillion. Will this sustain? If price drops to pre DAO lows I dont know what will happen.

Tmdz

hero member

Activity: 1008

Merit: 1000

Quote from: costi.kocev on June 09, 2016, 08:29:59 AM

Did the bomb is boooooming today?

The Difficulty rises today is huuuuge. Huh

No, Farms are feverishly adding gpu cards to increase hash and the global has rate is soaring higher every day, the network is increasing difficulty to control block times.

The difficulty bomb is when hash no longer increases but difficulty does and block times increase, so far that has not happened.

costi.kocev

member

Activity: 96

Merit: 10

Did the bomb is boooooming today?

The Difficulty rises today is huuuuge. Huh

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: reb0rn21 on June 07, 2016, 06:39:18 AM

If anyone thinks price will go up as mining profitability drop, think twice, price has nothing with mining difficulty, never had, its all on team with premined ethereum and their P/D scheme!

If anyone think ethereum is gona be BTC 2.0, I wish you luck with holding 90% premined (72 Million eth) scam

Most of those premined coins were from their ICO and most likely they were all sold for profit.

reb0rn21

legendary

Activity: 1901

Merit: 1024

If anyone thinks price will go up as mining profitability drop, think twice, price has nothing with mining difficulty, never had, its all on team with premined ethereum and their P/D scheme!

If anyone think ethereum is gona be BTC 2.0, I wish you luck with holding 90% premined (72 Million eth) scam

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

all it means is you need 2 positions mining.

1 in btc ½

1 in eth ½

and three in holding

cash ⅓

eth ⅓

btc.. ⅓

check your numbers every day and be prepared to shift your shit around.

Always keep an eye out for a new hot alt coin

sakinaka

sr. member

Activity: 325

Merit: 250

Decentralised Amazon & ICO Hub

I don't understand. If the difficulty increases, it means that more people are mining it, so more GPUs, and thus the blocktime will stay the same.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: GMPoison on May 27, 2016, 07:38:59 PM

Quote from: Amph on May 27, 2016, 11:53:29 AM

again if you are here only because right now ethereum is profitable, you are pretty naive to the whole cryptoscene...

see you in the next two years with another "ethereum high profit coin"

and anyway the diff will not double again in few months, doubled one time is a thing, doubling two times is a completely different story

good luck adding another 100k gpu or so

No one is going to mine an unprofitable coin. Ethereum is profitable now, so people mine it. By the time it's no longer, you'll have made your profits, upgraded your gear, and moved on to the next profitable coin.

it depend on electricity, go to whattomine and put 0.03 cent in electricity, the result is that the top 20 altcoin are suddenly profitable..

Tmdz

hero member

Activity: 1008

Merit: 1000

I didn't realize this bomb existed.

So the bomb is active and speaking in todays terms the hash rate exceeds the rates this bomb causes the difficulty to increase. Meaning if we had a stagment hashrate we would continue to see a difficulty rise and the block time would increase. So basically the bomb will have no effect on block time until people stop adding gpu's and that won't happen until the profit gets to that thin margin point.

The whole idea is to force people into POS due to the fact there will be no profit to mine and eventually the block chain would freeze. Its actually quite clever and sneaky to put something like that into the code. 6 Months sounds like a pretty accurate estimate for mining time left, altho if the price can trend up further that could be pushed out.

Topic: Ethereum Mining Bomb (Probably only 6 more months of ETH mining left) - page 2. (Read 9533 times)