Do not buy ASICs for Ethereum mining, because Ethereum mining may end soon due to the change of the algorithm.
Explore the information about the Whatsminer M30S ++ and Bitmain Antminer S19J ASICs. They occupy a large share of the market for new ASICs and it is easier for them to find spare parts for repair.
Is ETH the only coin running on Ethash algorithm? I don't think so and also I don't believe that ETH pow is going away anytime soon, miners aren't seeing insane profits like before since ETH last upgrade which means that gas fee is more affordable than before Explore the information about the Whatsminer M30S ++ and Bitmain Antminer S19J ASICs. They occupy a large share of the market for new ASICs and it is easier for them to find spare parts for repair.
Gas fees are really high,I am waiting for my payout since a few days from the pool because I have set the minimum 58 Gwei while the minimum actually is more than 150 Gwei these last couple of days.
In the Ethash algorithm there are other coins running but their profit is ridiculously low like Pirl,UBQ and Music coin to name a few,you risk to go even in negative territory with these coins if you have expensive electricity.
Yeah the fees were pretty low last week but with BTC pumping this week on the ETF approval events the fees went back up again. I generally wait till Sunday to do any ETH transactions especially ETH token transfers because the fees are usually 50 Gwei. I think last week it was like 35 Gwei which is the lowest I’ve seen in a while.
Now we got SnoopDogg pumping NFTs and the craze is back up. I guess you can’t complain at least our mining revenues are higher this week. Either way, I predict that it will be a long time until we see Gwei in the 35 area.
