Topic: Mining dropping rapdily - page 2. (Read 2681 times)
people better bring awareness to using the coins is one thing to keep it going other than that those investors will just would just pull out if they see there is no advancement. this will leave you nothing but pump and dump groups and miners. value scaling with difficulty is possible. it happen a month ago.
In my opinion, some of the brand new hardware have never come online yet. Owners are waiting to sort out this price drop period. Let's assume you have large amount of new gpus and you see trend is downwards, would you risk your return period buy using those products? In our country, you have 14 days to return products for full refund (unless they are used). Possibly this regulation is either same or similar for many other countries.
So maybe owners are waiting for August thing and many more gpus will be online after 1 August.
So maybe owners are waiting for August thing and many more gpus will be online after 1 August.
yeah its name DİFFİLCULTY 
I have no idea where you got those percentages or what they mean.
But to sum everything up.
If you started mining 30 days ago, whatever you should be making today is only 25% of that.
But to sum everything up.
If you started mining 30 days ago, whatever you should be making today is only 25% of that.
Yesterday at 23:00 my time the total sum earned was : 0.09089461 ETH
The day before that at same time 23:00 the sum earned was: 0.08439145 ETH
The difference between yesterday and the day before that is 0.09089461-0.08439145=0.00650316
The percentage of growth is then (0.00650316/0.08439145)*100=7.705946514723944
percentrage of growth between days is then 7.705%
there is where I got the numbers from
Eth is moving to proof of stake, so in a few months its not gonna be possible to mine.
The hashrate for Ethereum and other coins is continuing to increase rapidly, meaning if all else is equal you will earn less coins per day than you did when the difficulty was lower. I assume many people who ordered hardware recently are just now getting around to bringing it online and hope the price decline is a temporary blip before returning to the days of 60 day ROIs, so the price decline doesn't seem to be slowing the new hash rate being brought to bear with each passing day.
So combining these two facts; less mined coins per day and lower exchange rates per coin will indeed mean lower profitability than a month, or even a week ago. The problem is compounded that even if Ethereum were to return to $420, you would still be making less profits due to the fact that you are mining fewer coins each day. So no matter what happens with the price you can rest assured that your profits will gradually decrease over time.
People with rigs that are already paid for and who have low electrical rates will be able to weather the storm and may continue to eek out a small profit, but for people who recently bought rigs, especially overpriced ones due to the component shortage, and/or have high electrical rates (>$0.08) are going to be in for a rough time.
So combining these two facts; less mined coins per day and lower exchange rates per coin will indeed mean lower profitability than a month, or even a week ago. The problem is compounded that even if Ethereum were to return to $420, you would still be making less profits due to the fact that you are mining fewer coins each day. So no matter what happens with the price you can rest assured that your profits will gradually decrease over time.
People with rigs that are already paid for and who have low electrical rates will be able to weather the storm and may continue to eek out a small profit, but for people who recently bought rigs, especially overpriced ones due to the component shortage, and/or have high electrical rates (>$0.08) are going to be in for a rough time.
I have no idea where you got those percentages or what they mean.
But to sum everything up.
If you started mining 30 days ago, whatever you should be making today is only 25% of that.
But to sum everything up.
If you started mining 30 days ago, whatever you should be making today is only 25% of that.
continue to drop until hard forked of btc were done
Alright, first things first, I am a total noob.
I understand the things about difficulty but I am confused.
I thought difficulty hit you every so often...
and then these numbers don't make any sense
I run on my cpu using claymore dual (but only mining for ethereum)
and on the dos promt screen it says I have somewhere between 23-25 mh/s
and then I look at the days increases.... the amount of shares or whatever I gotten during the day and this shows
21.78808809%
25.49281018%
13.19967089%
12.49796412%
10.88565436%
9.636077873%
7.705946515%
that shows how much "current balance" has grownb in the last few days, and if you look at it closer
youll see that it is shrinking steadily and I wonder why, is it because so many are mining curretntly
that my share is just so much smaller?
will it ever increase? or continue to drop?
as someone said, as long as the price of ethereum increases with the difficulty then its alright
but as of today it has dropped 35% in the last week and shows no sign of stopping the plummet.
am I using the wrong software to mine? cause the earning potential of this software was awesome at first
uring Dwarfpool, but now I see that the nicehash earning potential is growing past this.
whats the advice friends?
I understand the things about difficulty but I am confused.
I thought difficulty hit you every so often...
and then these numbers don't make any sense
I run on my cpu using claymore dual (but only mining for ethereum)
and on the dos promt screen it says I have somewhere between 23-25 mh/s
and then I look at the days increases.... the amount of shares or whatever I gotten during the day and this shows
21.78808809%
25.49281018%
13.19967089%
12.49796412%
10.88565436%
9.636077873%
7.705946515%
that shows how much "current balance" has grownb in the last few days, and if you look at it closer
youll see that it is shrinking steadily and I wonder why, is it because so many are mining curretntly
that my share is just so much smaller?
will it ever increase? or continue to drop?
as someone said, as long as the price of ethereum increases with the difficulty then its alright
but as of today it has dropped 35% in the last week and shows no sign of stopping the plummet.
am I using the wrong software to mine? cause the earning potential of this software was awesome at first
uring Dwarfpool, but now I see that the nicehash earning potential is growing past this.
whats the advice friends?
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