Topic: Ethereum mining reward shrinking - page 2. (Read 582 times)
eth pays .1024 an mh.
so a 5700xt makes 50 x .1024 = $5.12 a day
it burns 3.1 k-watts a day or 62 cents at 20 cents a kwatt
thus it makes 5.12-.62 = $4.50 a day
in 100 days it is 450 dollars back.
the 5700xt was under 400 usd in the fall.
The issue is not what the op is writing
The issue is the card now sells on ebay for
as high as 1300
https://www.ebay.com/itm/XFX-Thicc-III-Ultra-AMD-Radeon-RX-5700-XT-8GB-And-razer-x-chroma-External-eGPU/124558462186?
I offered this same model card NIB for sale here on BitcoinTalk
https://bitcointalksearch.org/topic/i-have-a-5700xt-coming-next-week-new-in-box-feelers-for-selling-it-5308136
1 person asked about it no one offered me a deal.
I have mined it from Jan 17 to Feb 27. that is 41 days I made back 180 dollars since I decided to mine with it.
I can list it for 1000 on ebay and sell it overnight.
I can offer it here for whatever and it will sell more quickly.
But I reached the point that selling on BTC means the buyers want bargains. But I don't worry about ebay fraud.
or ebay over pays me and I deal with a chance fraud as long as 6 months.
Or I mine on and rack up coins.
Money vs ETH vs BTC vs fees and how viabtc pays out. 212% today that is .105 usd
this rally started in July and it was 0.0095 usd. it peaked at .1363 usd an mh
so
0.0095 July 2020
0.1363 peak
0.1050 today
if at 0.0400 a 5700xt makes 2 usd - 60 cents = 1.40 a day
a long way to go before we get there. and it is still okay if we do go that low.
The funny part is there are some success stories about miners that never stopped mining since bear market began in 2018, they mined some ethereum and hold till ethereum turn 1000+, aren't they the real winners here? Some said they spend more on electricity but isn't that for those who sold their ETH in bear market?
You shouldn't be building any mining rigs if you aren't fully ready for the both sides, it's assured that ethereum won't be profitable forever that's why it's always smart to build rigs before bull starts but still if you are already in this mess there isn't any reason to be panic, who says that the bullrun is over anyways? Keep mining and let's see what's coming
You see that is what you trolls fail to understand, if you know a bullrun will start then buy coins, not gpus, gpus will never give you 10 to 100x return.
Yeah it used to be 4-5$ per rig 
(180mhs) people saw 1 3060 making 8$ they run to store and empty, all scalpers now happy also nvidia also happy sayin woooow we did again.
(180mhs) people saw 1 3060 making 8$ they run to store and empty, all scalpers now happy also nvidia also happy sayin woooow we did again.Exactly, not joking, i see shops where I live pricing a 3060ti at 1500 usd and they are selling them as fast as they get, insanity, even the non ti 3060 are sold for 1200 usd now, anyway, I know where this will end, and will not be pretty.
You shouldn't be building any mining rigs if you aren't fully ready for the both sides, it's assured that ethereum won't be profitable forever that's why it's always smart to build rigs before bull starts but still if you are already in this mess there isn't any reason to be panic, who says that the bullrun is over anyways? Keep mining and let's see what's coming
You see that is what you trolls fail to understand, if you know a bullrun will start then buy coins, not gpus, gpus will never give you 10 to 100x return.
Yeah it used to be 4-5$ per rig (180mhs) people saw 1 3060 making 8$ they run to store and empty, all scalpers now happy also nvidia also happy sayin woooow we did again.
(180mhs) people saw 1 3060 making 8$ they run to store and empty, all scalpers now happy also nvidia also happy sayin woooow we did again.Exactly, not joking, i see shops where I live pricing a 3060ti at 1500 usd and they are selling them as fast as they get, insanity, even the non ti 3060 are sold for 1200 usd now, anyway, I know where this will end, and will not be pretty.
Currently the reward per block is 2 ETH + fees, and as you can see here the fees are representing 50% or more in the reward:
https://etherscan.io/blocks
Fees remain very high, but the hashrate continues to rise at a speed never seen before:
https://etherscan.io/blocks
Fees remain very high, but the hashrate continues to rise at a speed never seen before:
You shouldn't be building any mining rigs if you aren't fully ready for the both sides, it's assured that ethereum won't be profitable forever that's why it's always smart to build rigs before bull starts but still if you are already in this mess there isn't any reason to be panic, who says that the bullrun is over anyways? Keep mining and let's see what's coming
You see that is what you trolls fail to understand, if you know a bullrun will start then buy coins, not gpus, gpus will never give you 10 to 100x return.
Yeah it used to be 4-5$ per rig (180mhs) people saw 1 3060 making 8$ they run to store and empty, all scalpers now happy also nvidia also happy sayin woooow we did again.
(180mhs) people saw 1 3060 making 8$ they run to store and empty, all scalpers now happy also nvidia also happy sayin woooow we did again.Exactly, not joking, i see shops where I live pricing a 3060ti at 1500 usd and they are selling them as fast as they get, insanity, even the non ti 3060 are sold for 1200 usd now, anyway, I know where this will end, and will not be pretty.
This is going to get worse and worse, you trolls only saw the good side of the pump, now seeing the dump effect. Imagine your profits crash 95% in days? you were making 100 usd per day and now you are making only 5 usd per day eheh and now you realise you were scammed when you bought that 3060ti for 1300 usd(this is the going on price of it right now) hehe
Yeah it used to be 4-5$ per rig (180mhs) people saw 1 3060 making 8$ they run to store and empty, all scalpers now happy also nvidia also happy sayin woooow we did again.
You shouldn't be building any mining rigs if you aren't fully ready for the both sides, it's assured that ethereum won't be profitable forever that's why it's always smart to build rigs before bull starts but still if you are already in this mess there isn't any reason to be panic, who says that the bullrun is over anyways? Keep mining and let's see what's coming
Mining reward is reducing and bitcoin is back at 47k for now, what do you think is going on? Why is reward going down?
that depend on how happen in eth network, if less transaction = less reward + eth price down 25%, and we're going further lower in next days as bitcoinð price shinkingjust hoping for another panic seller on token, the fees will raise the rewards for miner
This is going to get worse and worse, you trolls only saw the good side of the pump, now seeing the dump effect. Imagine your profits crash 95% in days? you were making 100 usd per day and now you are making only 5 usd per day eheh and now you realise you were scammed when you bought that 3060ti for 1300 usd(this is the going on price of it right now) hehe
Mining reward is reducing and bitcoin is back at 47k for now, what do you think is going on? Why is reward going down?
Are you mining ETH? You do realise that your payout is related to the block reward plus the transaction fees. Earlier in the week when ETH started to crash there was 500-600 Gwei in gas fees. Now its less than 100 Gwei. So right now its about 1/6th of what it was at the peak. So your miner rewards can be like 1/3 of what it was before.
The regular block reward is always constant but the transaction miner fees are dynamic. When there is great demand for ETH and making transaction the fees go up. However if ETH trades sideways for the next few months, people will make less transactions and fees will be cheaper.
Then there is the price of ETH itself. When ETH falls your overal profit in USD falls also since the underlying price is also lower.
Mining reward is reducing and bitcoin is back at 47k for now, what do you think is going on? Why is reward going down?
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