Topic: So, ETH difficulty went ballistic. (Read 1272 times)

Thanks, I appreciate this, it means so much coming from you.

You are still the biggest troll on this board. Telling miners off for making money. If only you had spent this time on mining rigs instead of trolling us you'd be much better off today.

I know I am.

PS: hehe.

Truer words could not be spoken.

If you look at what is happening with BTC and Asic's eveeryone is pumping them out as fast as they can, and Difficulty has been skyrocketing for the last couple months 20% every 2 weeks. I think the price correction has slowed that down a little but not likely.

That's why I shifted my focus into GPU, I was lazy and avoided it last year because the ease of Asics being plug and play drew me in.

Unfortunately I waited 1 week to long while researching and got stuck in the shortage of cards, but thanks to Newegg, I'm buying 1 card every 3 days and my first one arrives tomorrow.
The plan is a 50/50 sell and hold.

My plan is to push through with some dual mining for the time being and maybe 1 week a month jump on some speculation coins.

Yes i agree, i was playing safe with ETH so far, however im intereset in new coins, i dont play with calculators much, however any hint is much appreciate, as "do research" is too general concept...where to start when i filtered coins..? also im fine if someone PM me and we can discuss further.  i can see hundreds of coins which can be mined, i udenrstand i had to look further than top 100, but what i should look for? is not possible for human being to check every coin,so there has to be some initial pattern maybe?
or i found MIX or Akroma, which are not listed yet, they dont have price yet...are these shit coins or potential? all of us once started...

Very bad advices
The problem is the only research some people do is , type some numbers into a profit calculators ... and expecting a stable monthly income , and if that income going to get lower day by day what they saw in those calculators , they coming to the forum and starting to cry : WHY MY PROFIT IS MUCH LESS THAN THIS AND THAT PROFIT CALCULATOR TOLD ME  , WHY MY EARNED COINS ARE LESS AND LESS DAY BY DAY ...

Doing a research on coins to mine, is must to be more than just use any online profit calculators... You have to see whats behind that coin , what company, whats they goal, learn about they dev team ...ect
Need to learn, find out what is the better option... buy that coin and hold it, or mine that coin and sell right away or mine and hold it

Speculating about coins ... i think most of ppl have a different view on "things" , what i think, what i believe you probably say no thats not right never going to happen...

It will, because more and more people will mine lesser known altcoins with the hope they will grow big time. ETH is a safe bet in the cryptospace. Will it grow in a long term? yes. But it probably wont skyrocket and multiply its value.

Good day guys, I'm also quite new to mining been doing allot of alts trading before I decided to generate coins instead of buying them... I'm not expecting to be spoon fed on the matter but would like to know your approach when doing research, for trading the trick was buying low and selling high, buying the rumour and selling the news, buying a coin with a solid team behind it as it starts out in the hope that other people will also share your thoughts and in the process increase its value.

Now with mining same as with trading you obviously not targeting the most popular coins as they are popular because they are overbought, now in mining terms this is where difficulty comes in as I understand, global difficulty to solve a block and pool difficulty when it comes to handing out shares... Hope I'm still on track...

Is the general consensus with mining to target ‘up and coming’ coins? The problem I find with those coins are the pools are so small they never solve a block and thus never distribute the rewards or in some cases the mining software setup is a nightmare as it is not mainstream…

I’m not expecting anyone to disclose any coin names here but would appreciate a little elaboration on the word ‘research’ please, if you feel an open public forum is not the place to disclose state secrets like this please send me a PM and we can discuss, I’m willing to be part of a group, part of a community doing my part, so not looking for free information.

so many new miners joined after recent crypto prices spike and now trying to optimize their profits with price decline. I wouldn't be surprised if the amount of new miners calms down and the difficulty settles

Probably some new cards coming online that are a lot faster hashrate. We will see the diff keep increasing as time goes on. It will never drop back down

Well, now you start the research

so i went to coinmarket camp and filtered out non-mineable, what now please?  i cam see long list of coins

Difficulty is going up very slow in my opinion.

The difficulty is basically capped to the GPU fabrication which can only produce so much.

If GPUs could be built faster, difficulty would double every few weeks instead of going up 20%

Well, the idea of this "ETH ice age/difficulty bomb" is ETH from POW to POS. I really don't see any reasons for the difficulty to climb back down again but who knows...

So... anything concrete about the difficulty?  (in the past 2 pages was not mentioned all that much  )
Is it supposed to go up so much? Have been reading about that "difficulty bomb" implemented in the code of Eth. But I always thought it would go up unnoticeable... lately is very obvious that it has gone up exponentially in a short period of time 

Could there be a "bleed" in the rise? Or once it goes up it can never  go down again?

Well said. Crypto doesen't 'owe you' anything and bitching about profitability doesen't do anything. If all you care about is the current profitability on Whattomine and that doesen't cut it for you, the good news is you can sell your rigs now while prices are high and move on.

The truth has been told

Most of you guys weren't around last year but exactly 1 year ago you would of been making exactly half what you are making today.

1 year ago nobody complained about profitability.

You guys shouldn't  treat mining as a career, part-time job to pay bills . You should treat it as a privilege and as long as its profitable for you, it's a gift.

 

You should investigate, there is always coin which can pop up from mass in the future but you need time to find right one. I stopped mining before 3 years but still have some old coins which are now up You should think for long term, not medium of low. But it's hard to find coins which will be much more expensive than today. ETN may be but you will need to wait months and you can easy gain 10-15x but be patient. That's my opinion, one coin, there must be more like that one.

For those who said that are other coins more profitable than Ethereum for AMD Users...can give us an example please? Thanks.