Topic: Offical end of ETH mining forever thread... (Read 670 times)
Epic Cash is now the most profitable to mine and sell on the Vite app
shitshow hahaha 
URGENT! NO Staked ETH Withdraws For Shanghai Fork?!
https://www.youtube.com/watch?v=AKFby05m9zY
ETH dev team are manipulating the price, look how much centralized eth has become, it's scary. I mean, a key dev said that withdraws will be possible only in 2024, imagine the people who staked their eth in 2020 and will only be able to get them back in 2024, that is insane.
https://www.youtube.com/watch?v=AKFby05m9zY
ETH dev team are manipulating the price, look how much centralized eth has become, it's scary. I mean, a key dev said that withdraws will be possible only in 2024, imagine the people who staked their eth in 2020 and will only be able to get them back in 2024, that is insane.
Lol thanks i never stake any ETH
URGENT! NO Staked ETH Withdraws For Shanghai Fork?!
https://www.youtube.com/watch?v=AKFby05m9zY
ETH dev team are manipulating the price, look how much centralized eth has become, it's scary. I mean, a key dev said that withdraws will be possible only in 2024, imagine the people who staked their eth in 2020 and will only be able to get them back in 2024, that is insane.
https://www.youtube.com/watch?v=AKFby05m9zY
ETH dev team are manipulating the price, look how much centralized eth has become, it's scary. I mean, a key dev said that withdraws will be possible only in 2024, imagine the people who staked their eth in 2020 and will only be able to get them back in 2024, that is insane.
The thread should be renamed to the official end of ethereum..
Nice try bitches...
Nice try bitches...
EVGA has announced it will stop making GPUs and won't carry the upcoming RTX-4000.
The timing of the announcement is interesting.
The timing of the announcement is interesting.
I guess they know gpu's huge demand is done for the time being and my analysis tell that only in 2025 things will improve a little. There was a case where a truck full of evga gpus was robbed, maybe that has something to do with evga ceasing selling nvidia gpus.
The case in linked here https://www.notebookcheck.net/A-stolen-truckload-of-EVGA-GeForce-RTX-30-GPUs-turns-up-at-an-NVIDIA-retailer.591622.0.html
I always said that companies would never compete x second hand market when the time comes and here we are. GPU's will become so cheap that gpus manufactures will not sell a single gpu for weeks if they still want to sell at msrp. Look at gpu prices, 3080 and down all still higher than msrp, people are not idiots.
EVGA has announced it will stop making GPUs and won't carry the upcoming RTX-4000.
The timing of the announcement is interesting.
The timing of the announcement is interesting.
This is similar to late 2018/early 2019. I remember RX 470 had similar profits. I mined with ~0.10 power out of boredom and I think I broke even. The difference is that back then an RX 470 4GB was worth maybe $75.
Now you got $500-$1000 GPUs making $0.10-$0.20 a day. Everyday you run the GPU you risk of blowing a fan bearing or blowing some capacitor/VRM and killing the GPU. There is a risk/reward issue here.
You can sell today for $500, or mine for the next 6 months, make $20 profit but risk killing a fan or entire GPU and losing more money.
Now you got $500-$1000 GPUs making $0.10-$0.20 a day. Everyday you run the GPU you risk of blowing a fan bearing or blowing some capacitor/VRM and killing the GPU. There is a risk/reward issue here.
You can sell today for $500, or mine for the next 6 months, make $20 profit but risk killing a fan or entire GPU and losing more money.
I want to see where are the trolls who said that mining in a bear market is good, price wise this is not a bear market yet but for mining coins, negative profit in mining means is already bear market for miners. Next few months we are going to know btc real bottom then is going to be bear market.
Video below talks about now is time to shutdown
https://www.youtube.com/watch?v=HBacdw6gf14
video below is saying that evga has stopped making nvidia gpus by gamers nexus, sad day, evga is the best of them all.
https://www.youtube.com/watch?v=cV9QES-FUAM
Why argue about profits now when the coin hashrate is growing so much? 10 or 15 cents profit doesn't matter much if the video card costs 400-500 dollars. Even if the profit is 30 cents, then 400 / 0.3 gives us more than 3 and a half years of payback. You need to wait a month or two when miners with expensive electricity stop mining coins.
This is similar to late 2018/early 2019. I remember RX 470 had similar profits. I mined with ~0.10 power out of boredom and I think I broke even. The difference is that back then an RX 470 4GB was worth maybe $75.
Now you got $500-$1000 GPUs making $0.10-$0.20 a day. Everyday you run the GPU you risk of blowing a fan bearing or blowing some capacitor/VRM and killing the GPU. There is a risk/reward issue here.
You can sell today for $500, or mine for the next 6 months, make $20 profit but risk killing a fan or entire GPU and losing more money.
I am sure a new PoW coin will come to take the lead,it just takes some time because the networks are a real mess right now
The ethereum stratum servers haven't switched off yet, and the hashes from the zombie workers are directed to Ethereum POW and ETC.
This is killing the profit for everybody. 227 THASH on ETC today, down from 300 yesterday.
Nanopool is forwarding all ethereum mining on the old stratum ports to ethereum POW, ethermine to Ethereum classic.
https://twitter.com/nanopool_org/status/1570424640341688320
Things are clearing up and as I foretold months ago and I quote myself "even an RTX 3080 will be at negative profit once eth goes to POS", this day finally came, second day after eth went POS and by the way I dont feel sorry for whoever bought gpu's higher than msrp. If you did your homework and only paid msrp or lower for gpus then you have nothing to worry, you can still sell and get your money back no problem. Nvidia 4xxx series are coming, so better to sell as fast as possible.
I bought higher than MSRP but also I managed to get all my money back from mining and even profit above that at the best period or the year 2021 as we all know about it until late October and then things started to change fast for the worst with the coming of January 2022.I am still not selling them because I am in profit and I will keep the devices and see how things unfold,I am sure a new PoW coin will come to take the lead,it just takes some time because the networks are a real mess right now,ETC and ERG gotten almost all ETH hash rate so they are mostly unprofitable right now,the ones who can still break even is RVN but I don't know for how long and that has an added cost on the cards because it heats them much more than Ethash algorithm did.I have shut down my mining rigs and I am in wait and see mode.
Things are clearing up and as I foretold months ago and I quote myself "even an RTX 3080 will be at negative profit once eth goes to POS", this day finally came, second day after eth went POS and by the way I dont feel sorry for whoever bought gpu's higher than msrp. If you did your homework and only paid msrp or lower for gpus then you have nothing to worry, you can still sell and get your money back no problem. Nvidia 4xxx series are coming, so better to sell as fast as possible.
Why argue about profits now when the coin hashrate is growing so much? 10 or 15 cents profit doesn't matter much if the video card costs 400-500 dollars. Even if the profit is 30 cents, then 400 / 0.3 gives us more than 3 and a half years of payback. You need to wait a month or two when miners with expensive electricity stop mining coins.
There would be a coin like Vertcoin which seems the most profitable. However after a few days, the profitability would be pretty much equal to everything else out there in terms of GPU efficiency and performance.
Vertcoin is not supported by T-rex, and the setup in hiveos is not easy as with ergo, ravencoin and etc.
Still $1 a day for each 3060ti with the Team Black Miner @ 1.5MHASH, $0.33 on the rx 580 @ 0.5MHASH
Right now your vertcoin is at the top, ergo has been insane, right now at 450 terahash, 2 weeks ago it was 10 terahash, this is 45x. A 3080 220mhs it shows doing 12 cents on ergo, it is a lot less than that, even a 3080 is negative profit, in few years trolls will battle against history and say nothing was ever negative on the eth merge, in 2019 it was all negative too, trolls are delusional. Anyway, need few days more to see where this thing will be going.
Wow, 50% would be huge
I tried to find a way to guess how many asics are out there, but I could't.
Maybe in a week or so we can conclude that the offline hashrate is almost all asics?
I tried to find a way to guess how many asics are out there, but I could't.
Maybe in a week or so we can conclude that the offline hashrate is almost all asics?
ETC is doomed forever with asics, ergo on the other hand is more deflationary than any other coin even eth, if price will catch up, that remains to be seen. ERGO supply will be reduced 3 coins every 4 months I think, few months ago block reward was 66, now is at 48 ergo. The good thing about now or even ergo is that no company will create asic for it, asics are done for the time being, no profit, no incentive to make asics. Last I heard from a top asic producer is that there will be a cooldown in making asics and will last few years for gpu mining coins, for bitcoin and ltc is business as usual.
It has been an honor serving this network with you, guys.
I did not achieve my objective of ethereum tho.
I did not achieve my objective of ethereum tho.
There would be a coin like Vertcoin which seems the most profitable. However after a few days, the profitability would be pretty much equal to everything else out there in terms of GPU efficiency and performance.
Vertcoin is not supported by T-rex, and the setup in hiveos is not easy as with ergo, ravencoin and etc.
Still $1 a day for each 3060ti with the Team Black Miner @ 1.5MHASH, $0.33 on the rx 580 @ 0.5MHASH
It seems there is still 500 terahash to go to somewhere, probably they were asics and they cant go to etc yet but they can still go to etc with a firmware or DY coding, remember when I said that at least 50% were asics in the eth network, it seems I was right again.
Wow, 50% would be huge
I tried to find a way to guess how many asics are out there, but I could't.
Maybe in a week or so we can conclude that the offline hashrate is almost all asics?
This is more or less similar to how it was in 2015 or so.
There would be a coin like Vertcoin which seems the most profitable. However after a few days, the profitability would be pretty much equal to everything else out there in terms of GPU efficiency and performance.
If you got free power then there is stuff you can mine but when you factor in the electrical cost, you might as well just sell the GPUs.
Who knows, maybe it will change in a week or two when those with $0.10> call it quits because they see their power bill and profits and decide they are better off just retiring. Then with the falling difficulty might be worth it. But right now there are just too many GPUs out there.
There would be a coin like Vertcoin which seems the most profitable. However after a few days, the profitability would be pretty much equal to everything else out there in terms of GPU efficiency and performance.
If you got free power then there is stuff you can mine but when you factor in the electrical cost, you might as well just sell the GPUs.
Who knows, maybe it will change in a week or two when those with $0.10> call it quits because they see their power bill and profits and decide they are better off just retiring. Then with the falling difficulty might be worth it. But right now there are just too many GPUs out there.
It seems there is still 500 terahash to go to somewhere, probably they were asics and they cant go to etc yet but they can still go to etc with a firmware or DY coding, remember when I said that at least 50% were asics in the eth network, it seems I was right again.
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