Topic: OMG eth's reward on 40% (earnings in $ on 20%) downed for 14 days!!! (Read 595 times)

Got to say, you did some really good work with the data 👍🏼

yeah we could whale from now til july which is sixy days of firery  🔥 hot earnings.

eth to 11,111!

Now we are in the real mining season lol, a gtx1660 super now makes 9$ to 10$ per day while it was 4$ weeks ago, now I'm already regretting for getting out of mining too soon, I never saw this coming

Yes! It's awesome!!!
https://i.imgur.com/e8gt0Zg.jpg
https://i.imgur.com/8NVrXPx.jpg

Miners makin’ more money once again!
Gas rates back to ‘normal’

Exactly as you said, neither of us have any idea so it can be either answer. Oh and I definitely wouldn't mind having a son like him 

Made some updates. Added new columns Eth's reward for 1GH/s, Price for 1GH/s, Middle of Gwei and new row Eth's price.
After incredible decrease on 02.05.2021 (eth's reward by 40% and earnings by 20%), we have rising up eth's reward by ~15% relative to May 2 and a slight increase earnings by ~8% relative to April 19.
Screenshot for updates. https://i.imgur.com/MxdEEIU.jpg

Wow. This is new ASICS or it's F2Pool changed wallet on 0xf20b338752976878754518183873602902360704?
It was F2Pool (0x829bd824b016326a401d083b33d092293333a830) on May 5.
https://i.imgur.com/PKmzKu9.jpg

What if he is arrested.
What if he is kidnapped.

Hey I am old enough to be his dad easy maybe not his grandad so the math is I die first, but I have the wealth (not that much) set up to go to people.

What does he have setup to protect all of the ETH holders ?  I have zero idea do you?  Maybe you know.

This is why I do not hold or use eth for any length of time.

I hodl coins like DOGE, LTC,BTC

I leverage the  eth I mine into the coins above.

Why so skeptical, especially basing on "what if he dies"? What if we all die before Mr. v. , especially comparing our age to his LOL. But then I agree with you on the point that it's risky when the whole project heavily depends on one man.

Loss of opportunity goes both ways when you are mining - because you cashed out and because you didn’t cash out

Won’t comment on the buyers of coins though, they have a lot more to worry about

I still have some altcoins, waiting them to hit the top of what I think based on bitcoin 79k which I think will be the absolute top this time. They will pump bitcoin one more time then dump everything to hehell. This is very close to top already. If people sell now, do not look back or buy back.

Couple of other changes I should have mentioned, that happened during the last few weeks - MEV bots and Gas Limit Raise

When is at the beginning yes, when is at almost the end, no. When you see coins rising just because of hype then is time to cashout. Look at dogecoin, holding 48 billion market cap, last year it was 2000 times or more less. I guess they doge manipulators want to hit 0.99999 then they will crash to 0.0001 heeh and that is what a good bulltrap will be, this is the bull market and in the end of it bulls will make a huge bullltrap, people will lose 90 to 99% of their asset value, just like 2011, 2014 and 2018.

I look at operating costs this way. I ask myself a simple question. Would Ethereum grow at a rate that offsets your local bank’s lending rate? Over a year, it seems risky, but you know what the interest is going to be (that is one sane, reliable thing about centralized systems) and you know your op. cost.

So you mine away and have stop losses in place, just so you are not screwed over totally. But here’s where I see the truly great thing about crypto - maybe the very next week’s peak is enough to cover your year’s interest. Cash it out immediately, set it aside. Now as long as mining is profitable for your electricity rate, why cash out daily or even monthly? Cash out in portions at the end of any of the bull runs that happen during the year without worrying about making the bills.

I would definitely agree with you that it is never good to have everything in one basket and be utterly faithful. I hold and wait for the right time and have enough liquidation options in place so I am not holding a worthless bag. This is a golden rule everyone should follow. But as long as you believe in the currency and its real world application (unlike Bitcoin, which is ostensibly just the brand value) I don’t think anyone should live in fear of cashing out at every given chance. The loss of opportunity weighs too much.

Actually, no. The point of OP’s post was that Ether rewards collected by pools have gone down over the week. This is true. And this in turn has affected the rewards to individual miners, along with the lower rewards due to the extra network difficulty/hashrate.

Whether you cashed out this week or at a high today, it is still going to be less than what you earned last week - fiat or otherwise.

There are different ways to get money. For example - if you sell 50%  instantly 25% leave for year and 25% invest in over cryptocurrencies you can get more profit then in your way.
And if we remember ETH price in 2018-2019...
As for me - i decide to keep coins or sell every time then i get it. Some coins grows up faster than ETH and i sell ETH to buy such coins.

I have spend weeks to build my actual mining power.
At the end of building it, i was earning 10-12k$ in eth/zil.
After few months, it`s still same amount of dollars.
I just stoped buying GPU`s - prize was and is still to high.

I just wont to say, that mining and selling instantly or changing into other coin/fiat, for me is foolish.
I`m seting an order with +20% handicap. Takes time but always pays off.


Sorry. If the mining power was same in that time, you earned same amount each week - you did not cash it out.

which means nothing unless your power company lets you pay with etc and you buy all your mining gear in eth.


But I respect anyone that wants to mine and hodl a coin.

anyone that complains the the coin is now worth 40x what it was last year in fiat and they earn the coin more slowly is living a very dangerous game especially with ETH.


ONE day mr v will die and in under 100 years yes

in under 50 years pretty likely

I won't guess lower numbers but if he dies today eth will crash and burn bigly as others fight to control it.
So to bet on long term hodl of eth is risky due to his control of it.

So first find out mr v's age

he is a kid 27
https://en.wikipedia.org/wiki/Vitalik_Buterin

read up on him and consider that ETH value will drop a ton if he dies.

Figure some defensive moves with your eth.

and plan accordingly.

I find more value in Ethereum, so I keep it as it is

For me it’s simple math. I was mining last week and mining this week - did not cash out. When do you think I earned more?
Definitely last week

But now eth is 3300 not 2950 so price rise.more and fixes issue somewhat.

Metroid thinks 4600 is top price as compared to ratios of btc to eth from 2017-2018 to btc-eth now.

And if you think eth behaves like doge top price is 16600.

Time will tell.

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.

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

but if you are mining for fiat or btc you are getting more than 10 cents a mh due to price rise.

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

Jan 1 to now it has been inside the 8-13.5 cents an mh number.

so far so good.

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.

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.

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!!!

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.

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

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.

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

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!!!

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.

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

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

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.

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.

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 ??

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!!!


I write about eth's reward not earnings in $.

People still solomine ETH? That's impossible because with high difficulty you won't earn a thing in months, I am a miner myself and I don't see much difference in my earnings to what I was getting before, a gtx1660 super can still give you 3.2$ today

So, all miners see how fast them pools or solo eth's reward downed every day. I am checked all (pools, solomining farms) eth's statistic and saw that for 14 days (19.04.2021 (28220 eth) - 02.05.2021 (16719 eth)) eth's reward on 40% downed, but total eth's blocks still the same 6400!!!
Screen with all pools, soloming farms statistic https://ibb.co/xhp62r9