Will miners ever rally behind ETHW? | Bitcointalksearch.org

philipma1957

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Quote from: Grim on February 05, 2023, 05:10:36 AM

ETHW like DCRN or RVC is forked/created by the asic companies themself just so their machines can keep on hashing aka free money machines.

You guys fall for this over and over again since 2012.

I like PoW but the ASIC companies treat the community like shit, the only answer for a fair Pow algo is:

ProgPoW or RandomX

or

Precomputed hashes saved on HDDs (PoW with HDD space).

The only ASIC distribution that works half assed is for Bitcoin itself (sha256d),
for everything else you get gamed.

So let me ask you a question: How can miners (plural) gather behind eg. ETHW when ETHW is 99% mined by a single entity aka the ASIC manufacturer.
Sounds like an oxymoron.

scrypt is doing well the bitmain L7 is a solid money maker.

swogerino

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Quote from: DaveF on March 14, 2024, 07:56:24 AM

Miners will (for the most part) look at short term and long term profits.
Short term is simple, what can I mine NOW and sell NOW for a profit.
No HODL no saving, just mine and sell.

Long term, miners look at what they can mine now that will go up in value at some time int he future.
You need to look at the development TEAM, not the road map, not the plan, the TEAM, and figure out if they can do what they say.
Then you need to look at the community support for the coin, even if they can do everything they say and it's a lot, do people care and are they interested.

Followed by what will other coins do vs this coin and will it be sustainable?

Looking at ETHW and a lot of other forked coins, there does not seem to be any real kind of support behind them.
Some support yes, some fans yes, but the massive machine that is behind others, not at all.

-Dave

I tried in the beginning when the price of this coin was real low at just below 2 dollars,I mean the beginning after falling dramatically from that over 130 dollars that was in the beginning,if I had mined this coin during all this time now I would have made a substantial profit yet I quit in favor of Raptoreum and I have no regrets.I know in the end the team behind Raptoreum is one of the best out there from programmers to anyone else and I predict the price of Raptoreum to be going up to at least 0.084 the all time high of 2021 in the future and when that time comes I would be making extremely huge profits as I am mining it with my GPU rig through Wildrig miner.

DaveF

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Miners will (for the most part) look at short term and long term profits.
Short term is simple, what can I mine NOW and sell NOW for a profit.
No HODL no saving, just mine and sell.

Long term, miners look at what they can mine now that will go up in value at some time int he future.
You need to look at the development TEAM, not the road map, not the plan, the TEAM, and figure out if they can do what they say.
Then you need to look at the community support for the coin, even if they can do everything they say and it's a lot, do people care and are they interested.

Followed by what will other coins do vs this coin and will it be sustainable?

Looking at ETHW and a lot of other forked coins, there does not seem to be any real kind of support behind them.
Some support yes, some fans yes, but the massive machine that is behind others, not at all.

-Dave

FP91G

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EthereumPoW (ETHW) DAG file will soon be 6Gb, now (5.953 Gb). This means that video cards will be able to mine this coin in zombie mode, but with each new era the hashrate of video cards will fall. As a rule, it can still be profitable for a few months. On Windows, most likely, full-fledged mining is no longer possible on the main video card

swogerino

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Quote from: FP91G on February 10, 2023, 12:05:07 PM

Have you seen ASICs in ETHW mining?
Ask the Panda miner about this possibility
https://www.youtube.com/watch?v=v2My7aw2cxk
But on the other hand, the number of coins that I receive per day is important for me now. 1 terahash gives 0.737 ETHW per day.
On video cards, the only way to make a profit is to wait for the price to rise.

I mine ETHW with only 0.10 Terahash and I make like 0.073 ETHW daily with the two video cards that I have on.I don't mind mining this low amount as I predict this to take over in the next bull run as an inevitable event.The reason I think so it is reinforced by ETH which since they moved to PoS I haven't heard anything good about them,the community support has gone down dramatically and now is nothing more than a coin run by a gang (stakeholders) and has nothing to do with it being the king of decentralization anymore.

I can wait and I don't care if the wait will be a long one as long as in the end I may get profit.

FP91G

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Have you seen ASICs in ETHW mining?
Ask the Panda miner about this possibility
https://www.youtube.com/watch?v=v2My7aw2cxk
But on the other hand, the number of coins that I receive per day is important for me now. 1 terahash gives 0.737 ETHW per day.
On video cards, the only way to make a profit is to wait for the price to rise.

swogerino

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Quote from: sxemini on February 09, 2023, 08:46:36 AM

Quote from: Grim on February 09, 2023, 04:59:57 AM

Quote from: swogerino on February 09, 2023, 03:31:47 AM

Quote from: Grim on February 06, 2023, 02:06:28 PM

Once again ETHW and many other forks are done by the asic conglomerate.

Wink

If they are done by the ASICS conglomerate why are we still seeing less than 300 T as a network difficulty for this coin specifically ETHW?I think that ETHW is created by a group of miners,Chinese enthusiast miners from what I heard and the reason is they did not agree with ETH moving to PoS so that is why this was created.

If ASICS were behind this coin we would see a lot of hash rate behind it.Nevertheless the new E9 looks profitable as it makes about 350 dollars monthly so I would buy one if I wanted to started mining right now in a very aggressive way.

You don't know how difficulty works?

More hashpower doesn't mean they make anything more ...
They would compete with themself ...

Cheesy

Quote from: swogerino on February 09, 2023, 03:31:47 AM

Quote from: Grim on February 06, 2023, 02:06:28 PM

Once again ETHW and many other forks are done by the asic conglomerate.

Wink

If they are done by the ASICS conglomerate why are we still seeing less than 300 T as a network difficulty for this coin specifically ETHW?I think that ETHW is created by a group of miners,Chinese enthusiast miners from what I heard and the reason is they did not agree with ETH moving to PoS so that is why this was created.

If ASICS were behind this coin we would see a lot of hash rate behind it.Nevertheless the new E9 looks profitable as it makes about 350 dollars monthly so I would buy one if I wanted to started mining right now in a very aggressive way.

I don´t know why you every talking about the low difficulty in the ETHW network. No one care about this. If you want to compare things - compare more properties (difficulty, miner number, network hashrate......)

And where the hell you know that are not ASIC´s in the network? Please enlighten us - and again - mining at a loose is not smart - it is stupid Grin

but you only need money to gamble it on stake

I know and I assume that when we are having such a low number of difficulty not that many ASICS are in the network and I did not say that there are no ASICS at all in the network.

Mining at a loss is something that has paid me of by a very large scale of benefit in 2021 as you already know the story that I mined through Nicehash in 2018-2019 when almost everyone shut down their rigs and I sold them in 2021 for the big profit.Last but not least,what's wrong gambling money on Stake Grin

?

sxemini

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Quote from: Grim on February 09, 2023, 04:59:57 AM

Quote from: swogerino on February 09, 2023, 03:31:47 AM

Quote from: Grim on February 06, 2023, 02:06:28 PM

Once again ETHW and many other forks are done by the asic conglomerate.

Wink

If they are done by the ASICS conglomerate why are we still seeing less than 300 T as a network difficulty for this coin specifically ETHW?I think that ETHW is created by a group of miners,Chinese enthusiast miners from what I heard and the reason is they did not agree with ETH moving to PoS so that is why this was created.

If ASICS were behind this coin we would see a lot of hash rate behind it.Nevertheless the new E9 looks profitable as it makes about 350 dollars monthly so I would buy one if I wanted to started mining right now in a very aggressive way.

You don't know how difficulty works?

More hashpower doesn't mean they make anything more ...
They would compete with themself ...

Cheesy

Quote from: swogerino on February 09, 2023, 03:31:47 AM

Quote from: Grim on February 06, 2023, 02:06:28 PM

Once again ETHW and many other forks are done by the asic conglomerate.

Wink

If they are done by the ASICS conglomerate why are we still seeing less than 300 T as a network difficulty for this coin specifically ETHW?I think that ETHW is created by a group of miners,Chinese enthusiast miners from what I heard and the reason is they did not agree with ETH moving to PoS so that is why this was created.

If ASICS were behind this coin we would see a lot of hash rate behind it.Nevertheless the new E9 looks profitable as it makes about 350 dollars monthly so I would buy one if I wanted to started mining right now in a very aggressive way.

I don´t know why you every talking about the low difficulty in the ETHW network. No one care about this. If you want to compare things - compare more properties (difficulty, miner number, network hashrate......)

And where the hell you know that are not ASIC´s in the network? Please enlighten us - and again - mining at a loose is not smart - it is stupid Grin

but you only need money to gamble it on stake

Grim

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Quote from: swogerino on February 09, 2023, 03:31:47 AM

Quote from: Grim on February 06, 2023, 02:06:28 PM

Once again ETHW and many other forks are done by the asic conglomerate.

Wink

If they are done by the ASICS conglomerate why are we still seeing less than 300 T as a network difficulty for this coin specifically ETHW?I think that ETHW is created by a group of miners,Chinese enthusiast miners from what I heard and the reason is they did not agree with ETH moving to PoS so that is why this was created.

If ASICS were behind this coin we would see a lot of hash rate behind it.Nevertheless the new E9 looks profitable as it makes about 350 dollars monthly so I would buy one if I wanted to started mining right now in a very aggressive way.

You don't know how difficulty works?

More hashpower doesn't mean they make anything more ...
They would compete with themself ...

Cheesy

swogerino

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Quote from: Grim on February 06, 2023, 02:06:28 PM

Once again ETHW and many other forks are done by the asic conglomerate.

Wink

If they are done by the ASICS conglomerate why are we still seeing less than 300 T as a network difficulty for this coin specifically ETHW?I think that ETHW is created by a group of miners,Chinese enthusiast miners from what I heard and the reason is they did not agree with ETH moving to PoS so that is why this was created.

If ASICS were behind this coin we would see a lot of hash rate behind it.Nevertheless the new E9 looks profitable as it makes about 350 dollars monthly so I would buy one if I wanted to started mining right now in a very aggressive way.

badbart

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Quote from: FP91G on February 08, 2023, 04:59:39 AM

Quote from: badbart on February 05, 2023, 05:37:58 PM

Any eth algo will get destroyed by ASICs. E9 is now $1,299 no reason not to buy one if you mine ethw

The problem is that these asics were sold out in a few hours and now they are sold for 2-3 times more on the market. This is a very profitable mining. Look at the price of these asics in your country, I think you will be very disappointed when you find out the selling price of these asics.

I can get one for $3,700, not going to buy one but that's a good deal if your only interested in mining eth algos. One machine Equals 390 3080s.

FP91G

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Quote from: badbart on February 05, 2023, 05:37:58 PM

Any eth algo will get destroyed by ASICs. E9 is now $1,299 no reason not to buy one if you mine ethw

The problem is that these asics were sold out in a few hours and now they are sold for 2-3 times more on the market. This is a very profitable mining. Look at the price of these asics in your country, I think you will be very disappointed when you find out the selling price of these asics.

Grim

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Once again ETHW and many other forks are done by the asic conglomerate.

Wink

adaseb

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I think its the other way around with ASICs. If there is a profitable algo, some company like Bitmain will spend millions developing the ASIC chip to make an ASIC possible. They did this with dual mineable coins like DCR and SIA because the profitability was there.

However they will not create a coin out of scratch just to make an ASIC for it. It takes millions to fabricate these chips these days. Its only worth doing on algos which have decent profitability. I think newer technology for ETH Dagger algo will be halted. Most likely all the chips which were fabricated to the day it went ETH POS will be put into production. But in the near future I don't think anymore money will go into the developement of more efficient ETH ASICs because the profitability just isn't there.

swogerino

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Quote from: Grim on February 06, 2023, 06:22:26 AM

ETC needs to fork to ProgPoW but it seems like they have an agenda as well.

ETC is well maintained and they have always promised to stay PoS resistant and always on the PoW style.This is enough to attract many new investors and or miners but miners are already there as the hash rate mainly transferred to this coin after ETH moved to PoS in September 2022.

I think true decentralization though and fighting the ASICS is only being done by the Raptoreum project as they use an algorithm that changes every now and then and as such making it ASIC resistant.For me they are a good team and I am waiting when their devs will allow 2-3 programming languages to build apps on this network,then the price will skyrocket,it is better go collect as many coins as we can now that they are easy to make and mine.This project together with ETHW,ETHF,and ZIL are my main ones that I am actively participating and mining them.

Grim

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ETC needs to fork to ProgPoW but it seems like they have an agenda as well.

swogerino

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Quote from: badbart on February 05, 2023, 05:37:58 PM

Any eth algo will get destroyed by ASICs. E9 is now $1,299 no reason not to buy one if you mine ethw

In theory you are right but I believe many of the people owning the previous version of it running at 2.4 Ghs are already pointing it to Ethereum Classic as they have huge processing power and so far to be honest the ETC is better maintained compared to ETHW that is why we still see a low difficulty for the ETHW less than 300 T while for Ethereum Classic is up to 7 times more or something on those lines,so even if people buy the new E9 at almost 4 Ghs they will most likely point to Etherum Classic.

For my personal opinion anyone getting such device should point it 2 weeks in ETHF(Ethereum Fair) about 1.5 months in ETHW and then switch it to ETC.This can prove to be the best strategy for the long run.

badbart

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Any eth algo will get destroyed by ASICs. E9 is now $1,299 no reason not to buy one if you mine ethw

swogerino

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Quote from: o48o on February 05, 2023, 12:42:51 PM

I see more changes with them going for Ethereum classic if it is paying to mine it. However i hear that doesn't have any developers either. And i can't see any whales backing up ETHW like they did with ETH classic. Nor any sane developer would stick with dead ETHW and lose the possibility of huge community.

Etherum Classic was the original Ethereum that got breached and as such the devs of Ethereum that is PoS now named it Ethereum while the original fork who got breached continued with the name of Ethereum Classic.Both of these coins have a lot of time in the market while ETHW is relatively new with just near 6 months in the market and we have to give it time at least another year to see how it will go.The fact that there are a lot of large farms mining it even at a loss is a great sign that we may as well see some significant price increase for it while it shows that a lot of miners still support it.

o48o

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I see more changes with them going for Ethereum classic if it is paying to mine it. However i hear that doesn't have any developers either. And i can't see any whales backing up ETHW like they did with ETH classic. Nor any sane developer would stick with dead ETHW and lose the possibility of huge community.

Grim

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Quote from: FP91G on February 05, 2023, 05:16:53 AM

I don't see many ASICs
https://2miners.com/ethw-network-hashrate

This chart has other data, but we will see the arrival of ASICs.
https://minerstat.com/coin/ETHW/network-hashrate

Once again you are naive and you are being played. Wink

FP91G

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I don't see many ASICs
https://2miners.com/ethw-network-hashrate

This chart has other data, but we will see the arrival of ASICs.
https://minerstat.com/coin/ETHW/network-hashrate

Grim

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ETHW like DCRN or RVC is forked/created by the asic companies themself just so their machines can keep on hashing aka free money machines.

You guys fall for this over and over again since 2012.

I like PoW but the ASIC companies treat the community like shit, the only answer for a fair Pow algo is:

ProgPoW or RandomX

or

Precomputed hashes saved on HDDs (PoW with HDD space).

The only ASIC distribution that works half assed is for Bitcoin itself (sha256d),
for everything else you get gamed.

So let me ask you a question: How can miners (plural) gather behind eg. ETHW when ETHW is 99% mined by a single entity aka the ASIC manufacturer.
Sounds like an oxymoron.

FP91G

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Quote from: swogerino on February 04, 2023, 05:38:40 AM

Quote from: CryptoSperm on February 02, 2023, 01:19:16 PM

It seems like they went against their interests and abandoned any support for it immediately.

I was seeing the large transactions in Ezil.me pool and many other pools and I was seeing transactions well over 20.000 ETHW coins,this to me looks like the big miners which I assume are big farms that have resumed their mining activity so far supporting it,we saw the spike in price for this coin from under 3 dollars to well over 5 dollars in the past couple of days.It looks like this coin is well alive and supported by miners,I am also one of the small miners that mine it for a hobby but if it happens to reach 300-500 dollars this coin those guys that mine over 20.000 coins in a month will be billionaires,so yes miners so far have this as the best choice to follow.

I did not notice a big increase in profit when the price increased to $5. Even at a price of $10, mining will be unprofitable, because the number of mines will probably increase. Miners still have a lot of unsold video cards, and until these video cards are distributed on the market, there will be no coin price pump.

swogerino

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Quote from: CryptoSperm on February 02, 2023, 01:19:16 PM

It seems like they went against their interests and abandoned any support for it immediately.

I was seeing the large transactions in Ezil.me pool and many other pools and I was seeing transactions well over 20.000 ETHW coins,this to me looks like the big miners which I assume are big farms that have resumed their mining activity so far supporting it,we saw the spike in price for this coin from under 3 dollars to well over 5 dollars in the past couple of days.It looks like this coin is well alive and supported by miners,I am also one of the small miners that mine it for a hobby but if it happens to reach 300-500 dollars this coin those guys that mine over 20.000 coins in a month will be billionaires,so yes miners so far have this as the best choice to follow.

adaseb

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Quote from: theskillzdatklls on February 03, 2023, 06:54:46 AM

I think the only way ETHW ever has a chance at anything is if the POS fork for whatever reason completely fails beyond repair. But at that point, it might be a toss up as to whether or not ETHW or an "ETH Killer" become the successor.

I view any of these cases as extremely unlikely.

The entire point of the initial ETHW was just a cash grab though. The miners didn't care about POW. They just wanted to keep making money, obviously.

This wouldn’t happen. The reason why is because before ETH forked to POS it forked first on all their test net chains. They did it to test stability and if any issues would arise. If there was an issue they delayed it. Hence why the fork to POS was smooth.

I am very surprised that Binance never listed the coin. Probably pressured by ETH devs. They didn’t want an ETC event again I guess. And that is the main reason why it’s struggling right now. Eventually most will abandon it for ETC.

rdluffy

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In my opinion it is difficult to have a rally now with the current scenario.

1 - ETHW needs to show that it has developers, that it has projects running and that it will be of real use.
2 - If the above happens, the tendency is for the price to rise.
3 - If it is profitable the miners will go for the coin.

Expecting a rally, without any of these above happening, is almost impossible.

Another possibility is a bull run of all cryptos and a pump of ETHW, then miners will turn on their rigs again and point to most profitable ones.

FP91G

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The fork of the 7 year old coin reduces the value of the coins miners receive. More than 100 million coins in circulation appeared after the fork. Who will believe that the capitalization of this coin will exceed 5 billion if we expect a price of $50?

theskillzdatklls

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I think the only way ETHW ever has a chance at anything is if the POS fork for whatever reason completely fails beyond repair. But at that point, it might be a toss up as to whether or not ETHW or an "ETH Killer" become the successor.

I view any of these cases as extremely unlikely.

The entire point of the initial ETHW was just a cash grab though. The miners didn't care about POW. They just wanted to keep making money, obviously.

FP91G

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Miners will support the coin that will give a guaranteed profit. Not many miners will be mining at a loss, expecting $50 in the next bull run. This coin is perfectly mined on old video cards, but the high cost of electricity prevents many miners from using old video cards.

adaseb

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I think the two biggest issues and why it never took off was due to bad timing and never gaining a Binance listing. When it launched it dumped to like $5 and a few days later it rallied up to $15 but it stalled when trading didn’t get a Binance listing.

Then it did nothing for a few weeks and the FTX scandal made it even worst. So far it pumped a little to almost $5 but who knows if it will ever be a big hit. What it needs is a Binance listing and I can see it going to $50.

CryptoSperm

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It seems like they went against their interests and abandoned any support for it immediately.

Topic: Will miners ever rally behind ETHW? (Read 381 times)