Good topic. I'm tired of seeing articles telling that the merge was complete and successful.
Question is how many ETH miners will there be in a month. And 6 months from now.
Topic: Offical end of ETH mining forever thread... - page 2. (Read 677 times)
Vertcoin
https://minerstat.com/coin/VTC/network-hashrate
1.5 times the hastrate and still profitable with the Team Black Miner
https://minerstat.com/coin/VTC/network-hashrate
1.5 times the hastrate and still profitable with the Team Black Miner
Price is not settled yet and websites that show any profitable gpu coin are wrong, need few days to see if any is profitable. For example, they show that ergo is $0.01 net and that is a lie, everything is negative and ergo is at the top at moment, must be because ergo difficulty will be adjusted soon then you will see ergo at the bottom, 15 times the hashrate is a lot, ergo price only increased 1.5 times from 2 to 5 usd.
Every gpu coin is negative profit to mine
This is not true
Vertcoin
https://minerstat.com/coin/VTC/network-hashrate
1.5 times the hastrate and still profitable with the Team Black Miner. Listed on bittrex
The hashrate is not settled yet but lets see how it is at the moment with before and after the merge
Ergo before 10 terahash, after 150 terahash, that is 15 times more.
Ravencoin before 2.5 terahash, after 18 terahash, that is 8 times more.
ETC before 20 terahash, after 310 terahash, that is 15 times more.
The details and hashrate history you can check it right here
https://minerstat.com/coin/ERG/network-hashrate
https://minerstat.com/coin/RVN/network-hashrate
https://minerstat.com/coin/ETC/network-hashrate
These are just the top 3 coins in hashrate, many other coins had an immense difficulty spike. Every gpu coin is negative profit to mine, price is not settled yet, it will take few days but with the bear market coming in Q1 2023 this will get worse.
Ergo before 10 terahash, after 150 terahash, that is 15 times more.
Ravencoin before 2.5 terahash, after 18 terahash, that is 8 times more.
ETC before 20 terahash, after 310 terahash, that is 15 times more.
The details and hashrate history you can check it right here
https://minerstat.com/coin/ERG/network-hashrate
https://minerstat.com/coin/RVN/network-hashrate
https://minerstat.com/coin/ETC/network-hashrate
These are just the top 3 coins in hashrate, many other coins had an immense difficulty spike. Every gpu coin is negative profit to mine, price is not settled yet, it will take few days but with the bear market coming in Q1 2023 this will get worse.
Very difficult to put a price on ETHW. The futures market is so illiquid.
https://www.bitmex.com/app/trade/ETHPOWZ22
Barely any trades. Looking at the time and sales it bounces around from $15 to $21 with a small order.
I think the telling will be if a large exchange such as Coinbase, Binance, FTX actually lists it. Currently it doesn't look too well.
https://www.bitmex.com/app/trade/ETHPOWZ22
Barely any trades. Looking at the time and sales it bounces around from $15 to $21 with a small order.
I think the telling will be if a large exchange such as Coinbase, Binance, FTX actually lists it. Currently it doesn't look too well.
Hashrate still growing on ETC
https://2miners.com/etc-network-hashrate
I think it will go up for the next 48 hours and then most likely it'll back down when people finally give up mining due to the low profitability.
ETC hashrate was 70Th/s and now its over 300Th/s so 230Th/s out of the 900TH/s has moved from ETH. Question is where will the rest of the 670Th/s go?
https://2miners.com/etc-network-hashrate
I think it will go up for the next 48 hours and then most likely it'll back down when people finally give up mining due to the low profitability.
ETC hashrate was 70Th/s and now its over 300Th/s so 230Th/s out of the 900TH/s has moved from ETH. Question is where will the rest of the 670Th/s go?
62TH and rising is on ETHW.
Hashrate still growing on ETC
https://2miners.com/etc-network-hashrate
I think it will go up for the next 48 hours and then most likely it'll back down when people finally give up mining due to the low profitability.
ETC hashrate was 70Th/s and now its over 300Th/s so 230Th/s out of the 900TH/s has moved from ETH. Question is where will the rest of the 670Th/s go?
https://2miners.com/etc-network-hashrate
I think it will go up for the next 48 hours and then most likely it'll back down when people finally give up mining due to the low profitability.
ETC hashrate was 70Th/s and now its over 300Th/s so 230Th/s out of the 900TH/s has moved from ETH. Question is where will the rest of the 670Th/s go?
The total ETC hashrate seem to settle around 300THASH. around 30% of the ethereum network.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
We all know that this kind of move by the miners is just a protest against Ethereum decision on transitioning to PoS. ETC is not the same as Ethereum and there community will still the same except for the miners leaving them but still the largest part of the community which is the investors will surely stay on Ethereum over ETC and they are the one who pumps the price and not the miners.
Raven is the other PoW coin that benefits on this miners move but the main question is how long they can do this to sustain the price pump. It will surely collapse once the price go sideways especially when Ethereum PoS shows an impressive result to overall stability of the blockchain.
Answering the main purpose of this thread. I start Ethereum mining using my computer in my company office which until I didn’t claim my rewards because I forgot to get my keys out of my computer before I leave on the company last 2017.
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The total ETC hashrate seem to settle around 300THASH. around 30% of the ethereum network.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
We all know that this kind of move by the miners is just a protest against Ethereum decision on transitioning to PoS. ETC is not the same as Ethereum and there community will still the same except for the miners leaving them but still the largest part of the community which is the investors will surely stay on Ethereum over ETC and they are the one who pumps the price and not the miners.
Raven is the other PoW coin that benefits on this miners move but the main question is how long they can do this to sustain the price pump. It will surely collapse once the price go sideways especially when Ethereum PoS shows an impressive result to overall stability of the blockchain.
Answering the main purpose of this thread. I start Ethereum mining using my computer in my company office which until I didn’t claim my rewards because I forgot to get my keys out of my computer before I leave on the company last 2017.
I think that alot of ppl will dump ethereum and move the money back to POW coins.
https://www.tickcounter.com/countdown/3483296/ethw-mainnet-info-publish-count-down
https://www.tickcounter.com/countdown/3483296/ethw-mainnet-info-publish-count-down
The total ETC hashrate seem to settle around 300THASH. around 30% of the ethereum network.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
The price increase is not at all corresponding at the exponentially increased difficulty of the network.The network is well over 2.35 P for near 900 T that was yesterday while the price is almost the same with just a couple of dollars increase.Right now a 315 Mhsh rig which I will turn it off tonight is making about near 2.5 dollars daily,that is not profitable I would say with today price of ETC.
What makes you think price will increase for real and that it will not be a pump and dump thing?
The total ETC hashrate seem to settle around 300THASH. around 30% of the ethereum network.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
1/3 the total hashrate, 1/37.5 the price
Not profitable, but the price will rise.
The official monstrous increase of difficulty has started big time since yesterday night,it was just near 900 T yesterday and now is well over 1.8 P which is 200% increase in just less than 24 hours.Judging how things are looking and the profitability to have come down a lot I will keep my miners up until I get this last payment after 5-6 days and then I will shutdown my rigs,the increase of electricity in price together with this monstrous increase of difficulty has left me no other choice.
GPU wise everybody will turn off their miners and sell their gpus hoping to get some value back before is too late, nvidia 4xxx series are coming and that will make the 3xxx series worthless. By the way this is still pre bear market so the worse has yet to come by the end of this year and starting next year and eth dev team has yet to unlock the millions of eth staked. The crash will be monstrous.
Personally I will keep a couple of Rx 5700 Xt or Rx 6800 Xt at maximum to mine Litecoin through unmineable miner,I know I will be at a loss but I can invest that Litecoin in some websites and I prefer to mine coins rather than to buy them even if I am mining at a loss.This way I will also be able to keep up with all the changes,I may change to other unmineable coins like FUN or DOGE and SHIBA INU,this is the max I can afford to run now but I agree with you,the crash cannot be anything except monstrous.
The official monstrous increase of difficulty has started big time since yesterday night,it was just near 900 T yesterday and now is well over 1.8 P which is 200% increase in just less than 24 hours.Judging how things are looking and the profitability to have come down a lot I will keep my miners up until I get this last payment after 5-6 days and then I will shutdown my rigs,the increase of electricity in price together with this monstrous increase of difficulty has left me no other choice.
GPU wise everybody will turn off their miners and sell their gpus hoping to get some value back before is too late, nvidia 4xxx series are coming and that will make the 3xxx series worthless. By the way this is still pre bear market so the worse has yet to come by the end of this year and starting next year and eth dev team has yet to unlock the millions of eth staked. The crash will be monstrous.
The reddit miners are gone, but the bitcointalk miners are continuing with Ethereum POW
https://decrypt.co/109737/major-ethereum-mining-pools-will-back-ethw-mining
https://decrypt.co/109737/major-ethereum-mining-pools-will-back-ethw-mining
The official monstrous increase of difficulty has started big time since yesterday night,it was just near 900 T yesterday and now is well over 1.8 P which is 200% increase in just less than 24 hours.Judging how things are looking and the profitability to have come down a lot I will keep my miners up until I get this last payment after 5-6 days and then I will shutdown my rigs,the increase of electricity in price together with this monstrous increase of difficulty has left me no other choice.
The calculators realy can't keep up with the increase in hashrates on the other networks. It will take some time to get some decent readings from the calculators.
Mining calculators broke today.
I wrote to technical support to urgently fix the profit, and they tell me that their calculators are working correctly.
But I do not despair and still I will force these crooks to write the correct profit in calculators, because with such a profit I have to go to work at the factory again
I wrote to technical support to urgently fix the profit, and they tell me that their calculators are working correctly.
But I do not despair and still I will force these crooks to write the correct profit in calculators, because with such a profit I have to go to work at the factory again
Found this post in the main Ethereum thread on Bitcointalk ( Created by Vitalik himself)
This was back in Sept 2015, so POS was scheduled to be released in Dec 2016. And we are finally here. Only 5 years and 9 months late.
Posts like that were the reason why so many miners had anxiety loading up on more GPUs.
Hmmm....POS in 15 months? Anybody have any speculation on price as a result of the re-defined direction of the project?
This was back in Sept 2015, so POS was scheduled to be released in Dec 2016. And we are finally here. Only 5 years and 9 months late.
Posts like that were the reason why so many miners had anxiety loading up on more GPUs.
I begin in 2017 with a AMD Radeon™ R9 280, i make in one month what the card cost me, $200 and sell it for $200, after that i buy more than 60 AMD RX580 cards different brands and never stop until today, i fix the cards when they get broken (i invest on teaching myself the skills needed for that, microscope amscope and the equipment like preheater and good flux original from amtech), buy a lot of memory modules on aliexpress to repair the cards, never have one that fail because mosfets, is weird, i am lucky i guess, i guess i have to shut down all of then today and keep going with the new cards i have (6700, 6800, 3070, 3080 ti and 3090).
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