Topic: OMG eth's reward on 40% (earnings in $ on 20%) downed for 14 days!!! - page 2. (Read 592 times)
May 04, 2021, 01:59:57 PM
And i`m count in another way. I`m counting my reward in ETH and in $ every week. And i can see that payouts decreased about 30% percent in ETH, but ETH price increased 50% in $. And in $ my profit increased about 10-15%. I can`t say more accurately, not enough time to understand.
May 04, 2021, 12:03:41 PM
What you said. The miners were making record profits in March-April due to the atrocious gas prices. Gas fees on top of block rewards are what got the rewards so high.
In the last week the gas has been the lowest in quite some time. Lows of 20-40 gwei on weekdays!
See for yourself: https://www.gasnow.org/
I see 2 reasons for the low gas fees and ipso facto “downed” block rewards:
1. Sidechains or alternate chains like Polygon or BSC picking steam until the Ethereum chain sorts things out
2. Ethereum in its current bullrun is too valuable to be wasted on fees of a contract where the monthly returns were equal to deposit+withdrawal gas fees. People find it better to hold the coin instead of losing 0.05 ETH fees interacting with a contract that gives 0.5% APR per month
but if you are mining for fiat or btc you are getting more than 10 cents a mh due to price rise.
It is how you look at it when you cash out, I guess - per diem. But going by OP’s data, close to ~61TH/s was added between the 2 days. As long as he used the same sample space during these periods and there were no major shifts to any outliers, we could say it gives a true picture of closed ecosystem. Now we know the block rewards and no. of blocks, so the other major parameters are the gas fees paid and no. of transactions.
With fees down and congestion low, a good piece of the pie goes missing. You could say this resembles a taste of what miners have to live with after EIP1559. This is why they complain.
19th April
ETH price: $2,166.19
Avg. gas: 195.80 gwei
Rewards (OP data): 28220 ETH = $61.13M
2nd May
ETH price: $2,952.06
Avg. gas: 43.10
Rewards (OP data): 16719 ETH = $49.35M
May 04, 2021, 11:11:57 AM
You should know by now that ETH mining rewards are VERY difficult to predict. At first I assumed that we would stay in the $2K area and gas fees would be in the average ~100 Gwei area and the complete opposite happened. The price went up 50% but the fees are down to like 25 Gwei on average.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
What you said. The miners were making record profits in March-April due to the atrocious gas prices. Gas fees on top of block rewards are what got the rewards so high.
In the last week the gas has been the lowest in quite some time. Lows of 20-40 gwei on weekdays!
See for yourself: https://www.gasnow.org/
I see 2 reasons for the low gas fees and ipso facto “downed” block rewards:
1. Sidechains or alternate chains like Polygon or BSC picking steam until the Ethereum chain sorts things out
2. Ethereum in its current bullrun is too valuable to be wasted on fees of a contract where the monthly returns were equal to deposit+withdrawal gas fees. People find it better to hold the coin instead of losing 0.05 ETH fees interacting with a contract that gives 0.5% APR per month
but if you are mining for fiat or btc you are getting more than 10 cents a mh due to price rise.
May 04, 2021, 10:43:48 AM
You should know by now that ETH mining rewards are VERY difficult to predict. At first I assumed that we would stay in the $2K area and gas fees would be in the average ~100 Gwei area and the complete opposite happened. The price went up 50% but the fees are down to like 25 Gwei on average.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
What you said. The miners were making record profits in March-April due to the atrocious gas prices. Gas fees on top of block rewards are what got the rewards so high.
In the last week the gas has been the lowest in quite some time. Lows of 20-40 gwei on weekdays!
See for yourself: https://www.gasnow.org/
I see 2 reasons for the low gas fees and ipso facto “downed” block rewards:
1. Sidechains or alternate chains like Polygon or BSC picking steam until the Ethereum chain sorts things out
2. Ethereum in its current bullrun is too valuable to be wasted on fees of a contract where the monthly returns were equal to deposit+withdrawal gas fees. People find it better to hold the coin instead of losing 0.05 ETH fees interacting with a contract that gives 0.5% APR per month
May 04, 2021, 10:02:50 AM
You should know by now that ETH mining rewards are VERY difficult to predict. At first I assumed that we would stay in the $2K area and gas fees would be in the average ~100 Gwei area and the complete opposite happened. The price went up 50% but the fees are down to like 25 Gwei on average.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
Jan 1 to now it has been inside the 8-13.5 cents an mh number.
so far so good.
May 03, 2021, 11:13:34 PM
You should know by now that ETH mining rewards are VERY difficult to predict. At first I assumed that we would stay in the $2K area and gas fees would be in the average ~100 Gwei area and the complete opposite happened. The price went up 50% but the fees are down to like 25 Gwei on average.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
Looking at the hashrate it still is going up almost exponentially and now we know the reason due to those upcoming ASICs, a few months ago we would of never assumed this. This is why don't try and predict the amount you will make per day with ETH, its way too volatile to predict.
May 03, 2021, 03:44:47 PM
Added columns with $ 
.
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
That isn't even accurate and their is no way you can keep a 100% accurate data about mining rewardSo if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
I made two scripts on JS and VBA.
1. First script scraping data from etherscan.io into txt file.
For example how it is look like:
"
12009388;2021-03-10 7:15:20291;0;Ethermine;12,494,026 (99.95%);12,499,875;75.92 Gwei;2.94848 Ether
12009387;2021-03-10 7:15:04483;0;0x3f0ee622f9e89df9db62c35cae55d57c56fd56f6;12,486,062 (99.99%);12,487,681;133.00 Gwei;3.66067 Ether
12009386;2021-03-10 7:15:02194;0;0x2f731c3e8cd264371ffdb635d07c14a6303df52a;12,473,390 (99.79%);12,499,886;110.57 Gwei;3.37912 Ether
12009385;2021-03-10 7:14:38252;1;MiningPoolHub;12,486,909 (99.99%);12,487,692;114.55 Gwei;3.49282 Ether
12009384;2021-03-10 7:14:32153;0;F2Pool;12,487,134 (99.90%);12,499,897;90.56 Gwei;3.13086 Ether
"
So it is consists of 350000 rows or more (all blocks) if i'll need. And have full data of number of block, date, pool, reward for the block.
2. Second VBA script calculate all the data from txt file to excel table.
So all eth's rewards in table are 100% accurate!!!
Yeah are being obtuse bro,
rewards were as high as 214% on viabtc
they are now about 150%
rewards mean nothing to a miner if the coin price rises enough to compensate for the rewards decrease.
it if I earn 214 eth at 1000 a coin
or I earn 140 etc at 1528 a coin either way I get
2140 usd worth of coin.
If you arguement is you are earning less eth per mh fine you are.
eth is a coin to be traded for btc or doge or cash
so I do not care how much eth I earn per mh.
I care how much btc or cash or doge or even ltc I can get with eth.
My issue with eth will always be what happens if mr v drops dead tomorrow? The coin crashes and burns as people fight for control of it.
So I do not hold eth.
If you are looking to hold eth then you have a point.
If you do not care aobut eth's value in btc or fiat or doge or ltc then you have a point.
May 03, 2021, 02:05:54 PM
Added columns with $ https://ibb.co/z8MmXjf.
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
That isn't even accurate and their is no way you can keep a 100% accurate data about mining rewardSo if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
I made two scripts on JS and VBA.
1. First script scraping data from etherscan.io into txt file.
For example how it is look like:
"
12009388;2021-03-10 7:15:20291;0;Ethermine;12,494,026 (99.95%);12,499,875;75.92 Gwei;2.94848 Ether
12009387;2021-03-10 7:15:04483;0;0x3f0ee622f9e89df9db62c35cae55d57c56fd56f6;12,486,062 (99.99%);12,487,681;133.00 Gwei;3.66067 Ether
12009386;2021-03-10 7:15:02194;0;0x2f731c3e8cd264371ffdb635d07c14a6303df52a;12,473,390 (99.79%);12,499,886;110.57 Gwei;3.37912 Ether
12009385;2021-03-10 7:14:38252;1;MiningPoolHub;12,486,909 (99.99%);12,487,692;114.55 Gwei;3.49282 Ether
12009384;2021-03-10 7:14:32153;0;F2Pool;12,487,134 (99.90%);12,499,897;90.56 Gwei;3.13086 Ether
"
So it is consists of 350000 rows or more (all blocks) if i'll need. And have full data of number of block, date, pool, reward for the block.
2. Second VBA script calculate all the data from txt file to excel table.
So all eth's rewards in table are 100% accurate!!!
May 03, 2021, 01:37:59 PM
Added columns with $ .
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
Who asked you to go through all this? That isn't even accurate and their is no way you can keep a 100% accurate data about mining reward and difficulty lol, it's like suffering yourself for nothing, do you even have a mining rig or you are just here to create mining FUD So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
And eth is at an all time high of about 3300 and viabtc rates are now
holding steady at $.1054 an mh
It is hard fighting with naysayers.
But I sometimes try to point out the math.
at $ 0.08 an mh a 3080 makes $8 usd. it burns $1.20 usd at 20 cent power or $6.80
so 365 x 6.80 = $2482 paid back after power.
at $0.09 an mh $2847
at $0.10 an mh. $3212
at $0.105 and mh $3394. we are at this point
so we are fine to mine a 3080
if we drop to $0.05 an mh and stay there the op has some correctness
as a 3080 at 20 cent power pays back only 1387 a year. So if you paid 2500 you would be nervous.
but we are at $0.1054 and mh so no worries yet.
May 03, 2021, 12:24:36 PM
Added columns with $ .
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
Who asked you to go through all this? That isn't even accurate and their is no way you can keep a 100% accurate data about mining reward and difficulty lol, it's like suffering yourself for nothing, do you even have a mining rig or you are just here to create mining FUD So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
May 03, 2021, 12:04:52 PM
Added columns with $ .
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
and this is wrong
as you simply look at this totally wrong.
we have tracked between 0.085 cents and 0.1350 cents an mh since
jan 1st
but if we go out of range Ie under 0.085 usd an mh or over 0.1350 usd an mh then you become correct.
so once again simply go to viabtc every day and post the eth price for mh
and then get back if it goes out of range.
the range has been between
0.085 usd an mh or over 0.1350 usd
since dec 31st 2020
let us know when it gets under or over that.
otherwise stop the bs. as that is what you are doing.
May 03, 2021, 11:28:21 AM
Add columns with $ .
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
Nice 👍, actually the future of ETH looks unstable right now, I fear what's coming, Eip1559, higher difficulty due to new ASIC miners and the end of bullrun cycle is unknown, at this rate I've halt all mining rigs building plans that I have, I will wait till this market is over and look very well before making any decisions So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
May 03, 2021, 11:25:33 AM
Added columns with $ https://ibb.co/z8MmXjf.
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
So if eth's reward downed on near 40%, then earnings in $ fell by 20% for 14 days!!!
May 03, 2021, 09:08:58 AM
I don't know much about solomine or ETH rewards but I'm still getting exact $ per day on my GPUs, in satoshi the reward is indeed lower but in dollars the result is same thanks to ETH surging, my worries is still the month of July and those upcoming E9 ASIC miners
yeah we need eth price to move upwards but the real keys are how much growth is on the way.
572th does it go to 650 and then 750 then 850
if it does it must reach 4 to 5 k.
the market looks risky at the moment.
it is not the time to over pay for cards.
May 03, 2021, 08:48:03 AM
I don't know much about solomine or ETH rewards but I'm still getting exact $ per day on my GPUs, in satoshi the reward is indeed lower but in dollars the result is same thanks to ETH surging, my worries is still the month of July and those upcoming E9 ASIC miners
May 03, 2021, 08:17:11 AM
I think it's for a while or sooner @philipma because we now have ASIC miners incoming, reward will be extremely lower than usual, by the way a rtx3080 is more than 2260$ in my country lol
May 03, 2021, 07:37:05 AM
Okay here is the deal all payoff numbers on allmost all pools are bs.
The best way to track eth mining profit is looking at viabtc payout for eth per mh.
today it is .1015 pr mh
so a 3080 doing 100 mh pays $10.15
Is that down yes it is down a bit the all-time high was $13.50 for a 3080
these are pps+ number which take a lot of luck out of the picture.
now at 10 usd a 3080 which burns 6 kwatts or $1.20 at 20 cent power
it makes $8.80 and is fine.
These are perfectly fine numbers for profit. As long as you do not buy 3080's at stupid high prices like 2300 a card.
We are no where near a crash or an issue.
I suspect eth will go over 5k when 1559 becomes reality
That will help the card mining.
keep an eye on difficulty
https://etherscan.io/chart/hashrate
it is 572th on may 2nd
it was 486th on march 30th
it was 419th on march 1
it was 363th on feb 1
it was 293th on jan 1
So far price has been good enough to keep us between .8000 to .1350 an mh this Time period
we will leave it one day but not for a while.
The best way to track eth mining profit is looking at viabtc payout for eth per mh.
today it is .1015 pr mh
so a 3080 doing 100 mh pays $10.15
Is that down yes it is down a bit the all-time high was $13.50 for a 3080
these are pps+ number which take a lot of luck out of the picture.
now at 10 usd a 3080 which burns 6 kwatts or $1.20 at 20 cent power
it makes $8.80 and is fine.
These are perfectly fine numbers for profit. As long as you do not buy 3080's at stupid high prices like 2300 a card.
We are no where near a crash or an issue.
I suspect eth will go over 5k when 1559 becomes reality
That will help the card mining.
keep an eye on difficulty
https://etherscan.io/chart/hashrate
it is 572th on may 2nd
it was 486th on march 30th
it was 419th on march 1
it was 363th on feb 1
it was 293th on jan 1
So far price has been good enough to keep us between .8000 to .1350 an mh this Time period
we will leave it one day but not for a while.
May 03, 2021, 06:27:53 AM
For miners it's always about the dollar value, ETH mining might end any time so people are rushing to get their ROI out before it's too late, sat might be lower but value is increasing since ETH keeps surging, it's a good thing overall, who mines and hold ETH for long term when they have to pay electricity bills ??
Keep holding hehe, most miners also held in 2018 and we know what happened in the end, best thing is make a target and sell, do not hold for much longer, eth price has been increasing no stop, meaning, once it starts crashing then will not stop till the bottom which will be arund 200 - 500 usd. Only hold the eth you are willing to lose because at anytime it will crash hard.
May 03, 2021, 06:14:34 AM
People still solomine ETH?
I don't know who people or company but still solomined!!! You not understand which is mean solomine. Solomine you can do with one eth's node (geth or parity) installed on laptop with ssd and connect mining rigs that you have to this node. This is also will be solomining!!!in my earnings
I write about eth's reward not earnings in $.
May 03, 2021, 05:19:58 AM
People still solomine ETH?
I don't know who people or company but still solomined!!! You not understand which is mean solomine. Solomine you can do with one eth's node (geth or parity) installed on laptop with ssd and connect mining rigs that you have to this node. This is also will be solomining!!!in my earnings
I write about eth's reward not earnings in $.
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