September is already here - page 3. | Bitcointalksearch.org

mindrust

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Quote from: sxemini on August 05, 2022, 05:48:58 AM

Quote from: mindrust on August 04, 2022, 11:30:12 AM

Quote from: Wincob on July 31, 2022, 02:59:51 AM

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

What shit you are writing. ETC and abandoned chain? XD You are my hero. ETC is the original Blockchain from ETH - ETH forked away in 2016. ETC has max cap, block reward reduction every year, but has implemented all updates like ETH. ETC is in the Top 20 back again.

ETC forked to the ETChash algo to get more hashrate into the network after the hacks in 2020 - the ETC community want ASIC´s in the network to secure it!!!!! Is really nobody understanding how important ETC is and what is possible? ETC is the 3. biggest network after BTC and ETH

ETH has Vitalik.

ETC got who? Nobody.

Nobody uses etc. Nobody cares about it, other than the miners. ETC don't have any breakthrough fintech projects on it. ETH got all these thanks to Vitalik's brilliance.

We have seen it with bitcoin's bcash hard fork, we've seen it with eth/etc. A chain where only the miners like won't survive for long. Users decide the winner, not miners.

adaseb

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For those that don’t know how difficulty works, it works like this.

Let’s say you are making $10/ day now with ETH mining and ETC mining is giving you $9/day.

When ETH ends POW, does it mean you will make $9 a day instead of $10? No.

Reason why is that now the difficulty for ETC is small, when there is no more ETH to mine, the difficulty can double, triple, quadriple, etc.

If difficulty doubles you make $4.5 a day, if it’s quads then you make $2.25 a day, etc.

Salamande

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Quote from: swogerino on August 05, 2022, 06:28:18 AM

Quote from: mindrust on August 04, 2022, 11:30:12 AM

Quote from: Wincob on July 31, 2022, 02:59:51 AM

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

If you see in the profitability right now,RVN is first,ETH second and guess who is third,yes you guessed it,it is ETC because a lot of people are mining it.This is known from the increase in the network hash rate these last couple of days.The smart people should switch to mine this coin in these last 2 months before ETH moves to PoS while it can be mined easily as once the network difficulty and hash rate will go up a lot then it won't be easy to mine and consequently the price should increase (just an assumption).

So if my theory happens to be right you can mine 1 ETC within 4 days within 300 Mhsh,imagine if the price of it goes up a lot after the merge of ETH,we can make a nice profit from such move,even if it does not happen we can still be third in profitability and only lose a couple of dollars in total.I think this is something to be tried.

You would need more than 300MHS, right now it's 500MHS for 0.25 ETC/DAY

swogerino

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Leading Crypto Sports Betting & Casino Platform

Quote from: mindrust on August 04, 2022, 11:30:12 AM

Quote from: Wincob on July 31, 2022, 02:59:51 AM

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

If you see in the profitability right now,RVN is first,ETH second and guess who is third,yes you guessed it,it is ETC because a lot of people are mining it.This is known from the increase in the network hash rate these last couple of days.The smart people should switch to mine this coin in these last 2 months before ETH moves to PoS while it can be mined easily as once the network difficulty and hash rate will go up a lot then it won't be easy to mine and consequently the price should increase (just an assumption).

So if my theory happens to be right you can mine 1 ETC within 4 days within 300 Mhsh,imagine if the price of it goes up a lot after the merge of ETH,we can make a nice profit from such move,even if it does not happen we can still be third in profitability and only lose a couple of dollars in total.I think this is something to be tried.

sxemini

member

Activity: 1558

Merit: 69

Quote from: mindrust on August 04, 2022, 11:30:12 AM

Quote from: Wincob on July 31, 2022, 02:59:51 AM

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

What shit you are writing. ETC and abandoned chain? XD You are my hero. ETC is the original Blockchain from ETH - ETH forked away in 2016. ETC has max cap, block reward reduction every year, but has implemented all updates like ETH. ETC is in the Top 20 back again.

ETC forked to the ETChash algo to get more hashrate into the network after the hacks in 2020 - the ETC community want ASIC´s in the network to secure it!!!!! Is really nobody understanding how important ETC is and what is possible? ETC is the 3. biggest network after BTC and ETH

mindrust

legendary

Activity: 3234

Merit: 2420

Quote from: Wincob on July 31, 2022, 02:59:51 AM

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

FP91G

legendary

Activity: 1610

Merit: 1026

Ethereum Classic already has a DAG file of more than 3 GB and video cards with 3 GB of memory will lose hashrate. Miners with zombie mods will become unprofitable in a few months, because the hashrate will drop a lot. But asics have great opportunities on this algorithm.
https://minerstat.com/dag-size-calculator

adaseb

legendary

Activity: 3738

Merit: 1708

Quote from: Grim on August 01, 2022, 04:50:21 PM

ETC hash change was intended to include asics so no luck for gpu miners with this coin.

The hash change was mostly to lower the DAG because the network was getting 50% attacked. They figured many <4GB could be mining and secure the network. So this is why they forked to a lower DAG.

The algo however was also changed and the original Antminer ETH asics couldn't mine it until months later when some firmware fix was released. If they wanted to keep ASICs on, they wouldn't of made this drastic change.

Grim

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ETC hash change was intended to include asics so no luck for gpu miners with this coin.

cabron

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https://www.betcoin.ag

Quote from: wheelz1200 on August 01, 2022, 04:16:50 PM

Quote from: Wincob on July 31, 2022, 02:59:51 AM

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

Etc will never been as profitable as eth as a lot of the hashpower will move over to etc without the price being moved (most likely). I think everyone will just wait and see to see where the profitability goes and will most likely just ride the most profitable and flip for fiat/btc like they always have in the past.

The miners will move its price, surely they won't sell if price is not worth more for paying the bills. Its the demand I think will be the problem because afaik there is not much tokens created on top of ETC chain. I can't remember the last ICO token on ETC posted in the forum.

They should be developing more or a migration system making it easy to switch tokens of ETH to ETC.

arielbit

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we are going back to good old days when we keep to ourselves what coins are we mining LOL Cheesy

wheelz1200

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Quote from: Wincob on July 31, 2022, 02:59:51 AM

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

Etc will never been as profitable as eth as a lot of the hashpower will move over to etc without the price being moved (most likely). I think everyone will just wait and see to see where the profitability goes and will most likely just ride the most profitable and flip for fiat/btc like they always have in the past.

swogerino

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Activity: 3136

Merit: 1233

Leading Crypto Sports Betting & Casino Platform

Quote from: a1 Hashrate LLC2022 on August 01, 2022, 04:10:24 AM

Quote from: swogerino on August 01, 2022, 03:27:32 AM

Quote from: adaseb on July 31, 2022, 10:46:05 PM

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

I think that the developers of ETC will be ready to fork algo once more if they see that a lot of ASIC-s take over,they have already promised that their coin will PoW for the lifetime of it and I think they are ready to also move away from ASICS by changing the algo.

The switch most probably will happen in the few first months if they are decided to do this move which I think would be awesome for GPU miners,I think ASIC miners should lose this war and should point their ASICS to mine Bitcoin and leave the low profitability coins like ETC to GPU miners,I think the ETC developers have the same idea.

My 10 gh in gpus agrees with you. Grin

Also my 1.5 Ghsh when the Ethereum mining will end agrees on this,I have near 1.1 Ghsh in ETC 4 GB cards and near 400 Mhsh in Ethereum with cards from 8 GB to 16 GB.Hopefully we will hit it right when the time comes and ETC will be a safe haven for all of us.
I think that whatever amount of crypto we make daily for the longer run I am sure we will all be in huge profit.Patience is key in this crypto winter.

a1 Hashrate LLC2022

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Quote from: swogerino on August 01, 2022, 03:27:32 AM

Quote from: adaseb on July 31, 2022, 10:46:05 PM

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

I think that the developers of ETC will be ready to fork algo once more if they see that a lot of ASIC-s take over,they have already promised that their coin will PoW for the lifetime of it and I think they are ready to also move away from ASICS by changing the algo.

The switch most probably will happen in the few first months if they are decided to do this move which I think would be awesome for GPU miners,I think ASIC miners should lose this war and should point their ASICS to mine Bitcoin and leave the low profitability coins like ETC to GPU miners,I think the ETC developers have the same idea.

My 10 gh in gpus agrees with you. Grin

swogerino

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Activity: 3136

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Leading Crypto Sports Betting & Casino Platform

Quote from: adaseb on July 31, 2022, 10:46:05 PM

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

I think that the developers of ETC will be ready to fork algo once more if they see that a lot of ASIC-s take over,they have already promised that their coin will PoW for the lifetime of it and I think they are ready to also move away from ASICS by changing the algo.

The switch most probably will happen in the few first months if they are decided to do this move which I think would be awesome for GPU miners,I think ASIC miners should lose this war and should point their ASICS to mine Bitcoin and leave the low profitability coins like ETC to GPU miners,I think the ETC developers have the same idea.

adaseb

legendary

Activity: 3738

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Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

Grim

sr. member

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ETC will be ASICs heaven. ETH/ETC hash algo is not egalitarian enough anymore. (actually for quite some time)

The only way forward (besides security aspects of the algo) for a good distribution of coins and best decentralization is an even better egalitarian hash algo which the ProgPow family fulfills.

ETC will "save" ASIC manufacturers but not at all GPU miners.

sp_

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Team Black developer

Possibly the end of Ethereum, but not the end of mining..

rdluffy

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Quote from: etoque on July 31, 2022, 10:46:04 AM

Imo people underestimate the number of asic that there is on ethereum

big farm and private entrepreneur have develop their own miner without any public sale

Other coin is going to be okey, everything will balance imo

Soon we're going to find how much of the network are asics, and if asic sellers would sell used and almost obsolete hardware

I think market will find some balance too, miners will not stop mining and stop looking into crypto, some coins will have support not only with mining but people can buy coins, talk more about the projects, and devs possibily can use this to bring more people into.

etoque

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Imo people underestimate the number of asic that there is on ethereum

big farm and private entrepreneur have develop their own miner without any public sale

Other coin is going to be okey, everything will balance imo

Topic: September is already here - page 3. (Read 1031 times)