Topic: Ethereum mining still profitable? - page 23. (Read 131200 times)

Quote from: Sanguintan on July 04, 2016, 05:22:29 AM

There wont be any forks...I don't believe any change to asic's either...If you tell gpu miners your all done if you don't go out and buy asic's that coin will die. For this coin to stay on the road to the moon it must remain a gpu coin and unforked...

That's why BTC is dead today. Oh, wait...

4 China-based mining oligarchies control 70% of the Bitcoin network and 100% of ASIC production, this sounds great! Oh, wait...

PoW's endgame is centralization. Get used to it.

Your exactly right. Only way to be decentralized is if we all have access to equal resources. Power asics cheap labor etc. since that isnt the case what is the point of all this again. For me its get what I can while I can because I see this all comin down in a ball of fire! Great experiment but will have to do better next time!

The more I ponder the more I realize why satoshi left and doesn't want to be known. I imagine if this does go belly up. He won't be too popular!

Best regards
D57heinz

Bemerand

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Quote from: Wolf0 on July 03, 2016, 04:02:21 PM

Quote from: Wolf0 on July 03, 2016, 04:02:21 PM

There wont be any forks...I don't believe any change to asic's either...If you tell gpu miners your all done if you don't go out and buy asic's that coin will die. For this coin to stay on the road to the moon it must remain a gpu coin and unforked...

That's why BTC is dead today. Oh, wait...

4 China-based mining oligarchies control 70% of the Bitcoin network and 100% of ASIC production, this sounds great! Oh, wait...

PoW's endgame is centralization. Get used to it.

For the GPU PoW, it will be mostly centralised. But there are many people in different parts of the world, it is still a little bit decentralised.

That is the reason I like the GPU coins. The proportion of the big farms is much lower than the ASIC coins.

Sanguintan

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There wont be any forks...I don't believe any change to asic's either...If you tell gpu miners your all done if you don't go out and buy asic's that coin will die. For this coin to stay on the road to the moon it must remain a gpu coin and unforked...

That's why BTC is dead today. Oh, wait...

4 China-based mining oligarchies control 70% of the Bitcoin network and 100% of ASIC production, this sounds great! Oh, wait...

PoW's endgame is centralization. Get used to it.

For the GPU PoW, it will be mostly centralised. But there are many people in different parts of the world, it is still a little bit decentralised.

Auponef

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Activity: 236

Merit: 100

There wont be any forks...I don't believe any change to asic's either...If you tell gpu miners your all done if you don't go out and buy asic's that coin will die. For this coin to stay on the road to the moon it must remain a gpu coin and unforked...

That's why BTC is dead today. Oh, wait...

4 China-based mining oligarchies control 70% of the Bitcoin network and 100% of ASIC production, this sounds great! Oh, wait...

Bitmain CEO said 30-40% of the miners are sold out of China. So maybe there are more Western miners now.

limbaugh

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There wont be any forks...I don't believe any change to asic's either...If you tell gpu miners your all done if you don't go out and buy asic's that coin will die. For this coin to stay on the road to the moon it must remain a gpu coin and unforked...

That's why BTC is dead today. Oh, wait...

4 China-based mining oligarchies control 70% of the Bitcoin network and 100% of ASIC production, this sounds great! Oh, wait...

Bokelka

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Quote from: sanas on July 01, 2016, 02:58:01 PM

There wont be any forks...I don't believe any change to asic's either...If you tell gpu miners your all done if you don't go out and buy asic's that coin will die. For this coin to stay on the road to the moon it must remain a gpu coin and unforked...

That's why BTC is dead today. Oh, wait...

I agree with the point that the bitcoin has to evolve and improve in the future to attract more users.

Ethey

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Coinprice and difficulty is to low / high at this moment to mine profitable eth.

raskill

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Ugh Wolf there was no King in place at the time of bitcoin's. Now there is a king and to stand on his playground you have to compete on a level in which he has a 6 year head start. Forget it and accept the lessor crown...

raskill

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Another point I would like to make is that I don't think Eth devs should look at Eth as a coin that has to go above and beyond bitcoin in order to be a success. Bitcoin is the KING of asic mined coins. IMO Eth should stay the KING of gpu mined coins. Any other philosophy, I think, will bring it down... If a hoard of Eth gpu miners suddenly changed coins let say to Expanse it wouldn't take long for Expanse to become the new gpu King.

raskill

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There wont be any forks...I don't believe any change to asic's either...If you tell gpu miners your all done if you don't go out and buy asic's that coin will die. For this coin to stay on the road to the moon it must remain a gpu coin and unforked...

QuintLeo

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Quote from: Bokelka on July 01, 2016, 08:39:45 AM

Quote from: Quesdana on July 01, 2016, 06:53:46 AM

Quote from: Bokelka on July 01, 2016, 08:39:45 AM

The big players of ethereum don't need to mine, they bought the coin when it was cheap and have millions now. The softfork also will not pass because they discovered a vulnerability in the code that is suppose to cause problems for the miners and possibly blockchain but im not 100% on that. The big pools will accept a fork once something stable is proposed in hopes that it will be bullish to the market and raise the price.

The Ethereum devs really are screwing up big time. How they can propose a fork that has further problems is beyond me unless they want to crash the market.

They still have 14 days to solve the soft fork problem and implement it. I hope the new one does not have the problems.

I am mining with the 280X at the moment. It seems in 2 months, my mining operation will not be profitable.

If you use the default clocks and do not undervolte, you will not be profitable. If you use undervolt, one more month.

For high electricity price place, it is getting harder week after week to be profitable. The difficulty is too high.

That's why I am moving (and others have already moved) to a land of VERY VERY low electric rates.

sanas

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Quote from: Quesdana on July 01, 2016, 06:53:46 AM

Quote from: Quesdana on July 01, 2016, 06:53:46 AM

The big players of ethereum don't need to mine, they bought the coin when it was cheap and have millions now. The softfork also will not pass because they discovered a vulnerability in the code that is suppose to cause problems for the miners and possibly blockchain but im not 100% on that. The big pools will accept a fork once something stable is proposed in hopes that it will be bullish to the market and raise the price.

The Ethereum devs really are screwing up big time. How they can propose a fork that has further problems is beyond me unless they want to crash the market.

They still have 14 days to solve the soft fork problem and implement it. I hope the new one does not have the problems.

I am mining with the 280X at the moment. It seems in 2 months, my mining operation will not be profitable.

If you use the default clocks and do not undervolte, you will not be profitable. If you use undervolt, one more month.

For high electricity price place, it is getting harder week after week to be profitable. The difficulty is too high.

Bokelka

sr. member

Activity: 242

Merit: 250

The big players of ethereum don't need to mine, they bought the coin when it was cheap and have millions now. The softfork also will not pass because they discovered a vulnerability in the code that is suppose to cause problems for the miners and possibly blockchain but im not 100% on that. The big pools will accept a fork once something stable is proposed in hopes that it will be bullish to the market and raise the price.

The Ethereum devs really are screwing up big time. How they can propose a fork that has further problems is beyond me unless they want to crash the market.

They still have 14 days to solve the soft fork problem and implement it. I hope the new one does not have the problems.

I am mining with the 280X at the moment. It seems in 2 months, my mining operation will not be profitable.

If you use the default clocks and do not undervolte, you will not be profitable. If you use undervolt, one more month.

Quesdana

member

Activity: 212

Merit: 10

The big players of ethereum don't need to mine, they bought the coin when it was cheap and have millions now. The softfork also will not pass because they discovered a vulnerability in the code that is suppose to cause problems for the miners and possibly blockchain but im not 100% on that. The big pools will accept a fork once something stable is proposed in hopes that it will be bullish to the market and raise the price.

The Ethereum devs really are screwing up big time. How they can propose a fork that has further problems is beyond me unless they want to crash the market.

They still have 14 days to solve the soft fork problem and implement it. I hope the new one does not have the problems.

I am mining with the 280X at the moment. It seems in 2 months, my mining operation will not be profitable.

sanas

hero member

Activity: 546

Merit: 500

Quote from: Bokelka on June 29, 2016, 03:27:53 PM

The big players of ethereum don't need to mine, they bought the coin when it was cheap and have millions now. The softfork also will not pass because they discovered a vulnerability in the code that is suppose to cause problems for the miners and possibly blockchain but im not 100% on that. The big pools will accept a fork once something stable is proposed in hopes that it will be bullish to the market and raise the price.

The Ethereum devs really are screwing up big time. How they can propose a fork that has further problems is beyond me unless they want to crash the market.

They still have 14 days to solve the soft fork problem and implement it. I hope the new one does not have the problems.

Tmdz

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Quote from: zalucia on June 29, 2016, 06:12:35 AM

Quote from: Bemerand on June 28, 2016, 11:22:15 AM

Quote from: zalucia on June 29, 2016, 06:12:35 AM

yes it is, but its also got really hard since the difficulty raise up that much and the DAO was attacked.

regards

The difficulty is already 54T, another all time high. The miners are so confident that the price will rise further.

Maybe the big owners of the Ethereum are also miners themselves. That is the reason why most miners support the soft fork.

That could be a good thing. Does it also mean the miners will also support the hard fork if they want to recover the loss?

They will definitely support the hard fork if they are also the owner of the DAO. They will save themselves.

The big players of ethereum don't need to mine, they bought the coin when it was cheap and have millions now. The softfork also will not pass because they discovered a vulnerability in the code that is suppose to cause problems for the miners and possibly blockchain but im not 100% on that. The big pools will accept a fork once something stable is proposed in hopes that it will be bullish to the market and raise the price.

The Ethereum devs really are screwing up big time. How they can propose a fork that has further problems is beyond me unless they want to crash the market.

querulous

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Not to sure how accurate whattomine is but I switched across to expanse and see how it goes over the next few days

Bokelka

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Quote from: Bemerand on June 28, 2016, 11:22:15 AM

Quote from: Bemerand on June 28, 2016, 11:22:15 AM

yes it is, but its also got really hard since the difficulty raise up that much and the DAO was attacked.

regards

The difficulty is already 54T, another all time high. The miners are so confident that the price will rise further.

Maybe the big owners of the Ethereum are also miners themselves. That is the reason why most miners support the soft fork.

That could be a good thing. Does it also mean the miners will also support the hard fork if they want to recover the loss?

They will definitely support the hard fork if they are also the owner of the DAO. They will save themselves.

zalucia

sr. member

Activity: 252

Merit: 250

yes it is, but its also got really hard since the difficulty raise up that much and the DAO was attacked.

regards

The difficulty is already 54T, another all time high. The miners are so confident that the price will rise further.

Maybe the big owners of the Ethereum are also miners themselves. That is the reason why most miners support the soft fork.

That could be a good thing. Does it also mean the miners will also support the hard fork if they want to recover the loss?

Bemerand

hero member

Activity: 532

Merit: 500