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Topic: Offical end of ETH mining forever thread... (Read 677 times)

legendary
Activity: 2296
Merit: 1031
September 17, 2022, 01:02:31 AM
#49
Epic Cash is now the most profitable to mine and sell on the Vite app
legendary
Activity: 3444
Merit: 1061
September 17, 2022, 12:48:09 AM
#48
shitshow hahaha  Grin
member
Activity: 208
Merit: 46
September 16, 2022, 06:46:29 PM
#47
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.

Lol thanks i never stake any ETH Cheesy
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 16, 2022, 06:36:28 PM
#46
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.
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 16, 2022, 04:17:24 PM
#45
The thread should be renamed to the official end of ethereum..

Nice try bitches...
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 16, 2022, 04:10:07 PM
#44
EVGA has announced it will stop making GPUs and won't carry the upcoming RTX-4000.
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.
full member
Activity: 1424
Merit: 225
September 16, 2022, 04:05:43 PM
#43
EVGA has announced it will stop making GPUs and won't carry the upcoming RTX-4000.
The timing of the announcement is interesting.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 16, 2022, 02:46:00 PM
#42
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 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

legendary
Activity: 3808
Merit: 1723
September 16, 2022, 10:59:11 AM
#41
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.
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 16, 2022, 08:01:56 AM
#40
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
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
September 16, 2022, 07:11:08 AM
#39
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.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 16, 2022, 06:39:54 AM
#38
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.
legendary
Activity: 1834
Merit: 1136
September 16, 2022, 05:16:53 AM
#37
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.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 15, 2022, 11:16:40 PM
#36
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?

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.
newbie
Activity: 24
Merit: 0
September 15, 2022, 04:27:40 PM
#35
It has been an honor serving this network with you, guys.
I did not achieve my objective of ethereum tho.  Sad
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 15, 2022, 02:39:45 PM
#34
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
legendary
Activity: 2450
Merit: 1472
September 15, 2022, 02:38:59 PM
#33
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?
legendary
Activity: 3808
Merit: 1723
September 15, 2022, 02:34:22 PM
#32
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.
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 15, 2022, 02:26:38 PM
#31

It seems there is still 500 terahash to go to somewhere

https://www.ethwmine.com/

40 thash
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 15, 2022, 02:05:17 PM
#30
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.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
September 15, 2022, 01:48:10 PM
#29
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.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 15, 2022, 01:45:37 PM
#28
Vertcoin

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.
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 15, 2022, 01:43:46 PM
#27
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

sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 15, 2022, 01:40:09 PM
#26
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.
legendary
Activity: 3808
Merit: 1723
September 15, 2022, 01:36:30 PM
#25
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.
jr. member
Activity: 64
Merit: 1
September 15, 2022, 01:22:34 PM
#24
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?



62TH and rising is on ETHW.
legendary
Activity: 3808
Merit: 1723
September 15, 2022, 11:58:16 AM
#23
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?

member
Activity: 1208
Merit: 27
September 15, 2022, 11:51:22 AM
#22
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.

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.  Cheesy
Each investor has some amount of money and pushing heavy train like eth might be difficult task.so something must happen and caputulation is always necessary.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
September 15, 2022, 08:47:49 AM
#21
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.

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.  Cheesy
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 15, 2022, 08:33:53 AM
#20
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
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
September 15, 2022, 08:28:54 AM
#19
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.

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?
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 15, 2022, 08:01:26 AM
#18
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.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
September 15, 2022, 06:47:26 AM
#17
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.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 15, 2022, 06:44:23 AM
#16
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.
sp_
legendary
Activity: 2954
Merit: 1087
Team Black developer
September 15, 2022, 06:17:04 AM
#15
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
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
September 15, 2022, 05:44:50 AM
#14
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.
jr. member
Activity: 60
Merit: 2
September 15, 2022, 05:09:30 AM
#13
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.
legendary
Activity: 1834
Merit: 1136
September 15, 2022, 04:56:05 AM
#12
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 Smiley
legendary
Activity: 3808
Merit: 1723
September 14, 2022, 07:23:10 PM
#11
Found this post in the main Ethereum thread on Bitcointalk ( Created by Vitalik himself)

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.
member
Activity: 208
Merit: 46
September 14, 2022, 05:59:43 PM
#10
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).
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
September 14, 2022, 05:42:28 PM
#9
Whats your memorable ETH mining moment....

I can't say I have any one moment in particular that is memorable with ETH.  I mined some early on.  I was airdropped a bunch that I still hold.  I've used some to play around in the metaverse and with NFTs.  I really like ETH, but the gas fees have always been a deal breaker for me.  That's why I've sort of embraced MATIC as the coin I like to play around with these days.  Getting airdropped a bunch of ETH definitely sent me down a fun path of exploring what can be done with crypto besides holding/spending it.  I guess the education on tokens and smart contracts as a result would be what I would find most memorable.  Without ETH I would never have learned how to mass produce generative art or write a smart contract.
legendary
Activity: 2450
Merit: 1472
September 14, 2022, 05:29:24 PM
#8
You know, you have the same thought as I, to share some memories about ETH

I started to mine ETH when I was looking for a new GPU, an RX 480 XFX, I took a look at some foruns about hardware and saw some guy talking about buying a couple of GPUs, and I thought "Oh my god, I only have money for a card and this guy is buying more than one", but I started to dig more and found about ETH mining, this is the breakpoint for me.
When my card arrived I started to learn everything about mining, ETH, BTC, rigs, riser etc.
In a few weeks I was mining with more cards, at my peak I had more than 20 GPUs mining, and to me, earning money and having such powerfull cards like 1080ti was a dream  Cheesy

After the crash of 2018 I felt really bad, ended with a bag of coins worthing nothing, but I had diamond hands at least, and today I have some coins from the past, sold only a few coins in last bull run.

It's a sad day for all of us miners, but we can still have hope of another coins, another bull market, another proof of work coins...
jr. member
Activity: 309
Merit: 2
September 14, 2022, 04:17:26 PM
#7
This might be the end of eth altogether not only mining, I myself will not invest in this anymore, pos uses the analogy, the rich gets richer, eth will be a lot more centralized than ever before and eth was already centralized in POW, imagine in POS ehhe

+1
member
Activity: 759
Merit: 15
September 14, 2022, 03:24:45 PM
#6
We are approaching a historical moment for crypto, the merge is imminent in a few hours, mining will change radically many will abandon this activity, others will move on to mine other altcoins, i see 2 possible secenaries for the eth after that no one will be interested in eth anymore and its value will collapse or everyone will want to buy it for the stake and its value will become priceless, we'll see
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
September 14, 2022, 12:20:06 PM
#5
This might be the end of eth altogether not only mining, I myself will not invest in this anymore, pos uses the analogy, the rich gets richer, eth will be a lot more centralized than ever before and eth was already centralized in POW, imagine in POS ehhe
member
Activity: 1208
Merit: 27
September 14, 2022, 12:08:02 PM
#4
Wow so many moments.

Still have 2 frozen eth coins rendered inaccessible due to the dao hack.

As to what is the biggest or best moment I simply don't know.

Maybe it is yet to come when etc moons at 400 usd next week and eth crashes to 400usd.

I would love to see etc flip eth so I vote for that to be my best moment in eth.

it is yet to come but happens before dec 2022.

or not. Wink
I would love see that too so some people will understood pos is nothing.at least pow has value.
 I started in 2017 i had good pc with 1060 on it then i bought some rx470 all night i spent for rx470 to get 26mhs then 29 something it was happy moments.
jr. member
Activity: 60
Merit: 3
September 14, 2022, 11:38:32 AM
#3
My most memorable moment was when someone sent a transaction with a crazy high transaction fee in the millions of USD and ethermine hit the block and my pending balance jumped like crazy! a couple of day's work in a minute (if I remember correctly).
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
September 14, 2022, 11:12:00 AM
#2
Wow so many moments.

Still have 2 frozen eth coins rendered inaccessible due to the dao hack.

As to what is the biggest or best moment I simply don't know.

Maybe it is yet to come when etc moons at 400 usd next week and eth crashes to 400usd.

I would love to see etc flip eth so I vote for that to be my best moment in eth.

it is yet to come but happens before dec 2022.

or not. Wink
legendary
Activity: 3808
Merit: 1723
September 14, 2022, 10:00:54 AM
#1
Go to Google and type "the merge", currently about 14hr 38 mins to go...

Lets share our memories of when we first started to mine ETH.



I started in Feb 2016 because my Antminer ASICs were getting boring. I had tons of GPUs sitting and collecting dust from the Litecoin/Dogecoin 2014 days. Figured this Ethereum might take off and decided to switch over my mining. Turned off my Bitcoin ASICs and went back to full GPU mining again.

Back in 2016, there was no Claymore miner. You had to use the crappy ethminer which came with the ETH client software, and it sucked. I remember every time there was a new DAG, all my rigs froze. Every single time. I had to set alarms to manually restart the mining every 5 days when the DAG change happened.

There was also no remote monitoring back then. The only type of monitoring that was possible was with the pool. Some pools sent you an email and alerted you when a rig went down. However 50% of the time I never got any emails.

Then there was the DAO hack. I had tons of ETH I was holding and then when the hack happened I ended up selling at a crappy price because there was bad publicity how the coin is going to die. I think I sold at the lowest price ever at the time. Oh well...

Whats your memorable ETH mining moment....
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