Topic: Would it matter? (Read 140 times)
There is one thing I've noticed in mining, the bigger your farm is the better you will feel through any weather of situations, imagine making 1000$ a day and bear market hits crypto and you start making 500$ you won't feel bad actually unless your country's electricity bill is very high
Mining reward will only matter if you have low hashing power but if you have something over 400MH and cheap electricity the mining will still be profitable, this is why bigger farms are better, just two GPUs or three doesn't make sense unless mining is do damn profitable
Don't think this is always the case. Someone with 400MH still need to make a certain profit. 400MH gives like $25-$30 a day. Sure its almost $1000 a month however if mining dropped by half, it would be $500 a month. And its still a profit however you need to consider there are still some costs involved, not only the electricity. People don't want to be mining and barely breaking even.
Those with 2-3 gpus who are mining at home, they can mine at a slight profit or break-even, because they will most likely hold the coins and don't need to sell to pay their electrical and other mining related costs. Its still important that its relatively profitable for everyone, or else people will just close up their farm and liquidate their GPUs.
https://etherscan.io/chart/hashrate
Ethereum hash rate is approaching its maximum values. Chinese miners have already launched their farms in other countries and miners are buying new AMD video cards.
The larger the profit on Ethereum mining, the more miners will mine this coin until the profit becomes the same on the other coins.
Ethereum hash rate is approaching its maximum values. Chinese miners have already launched their farms in other countries and miners are buying new AMD video cards.
The larger the profit on Ethereum mining, the more miners will mine this coin until the profit becomes the same on the other coins.
Mining reward will only matter if you have low hashing power but if you have something over 400MH and cheap electricity the mining will still be profitable, this is why bigger farms are better, just two GPUs or three doesn't make sense unless mining is do damn profitable
I would worry more about increase in mining difficulty than ETH future price, remember the burning off of supply? This won't make increase in price worth it much anymore, still many are buying GPU and mining ETH so difficulty will bring more problem
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If Ethereum manages to reach over 4000$ will mining become more profitable like before (months back) or the London fork thing won't make it any less difference?
It will still be profitable for the miner who has better hardware because they can earn more money from the mining process. But not for the miner who does not have low-end hardware because I guess the difficulty of the mining itself will increase, which we do not know if low-end hardware can earn decent rewards or it will not be profitable.The hard fork is already done and I think it needs time before it can run properly. So maybe this time, the miner can earn a good reward or vice versa.
Most likely if it goes back to the same ATH the profitability will be slightly less because the london fork burns many of the ETH and there are more GPUs out there now so the hashrate is higher which means the difficulty is higher.
Obviously your profits will be higher than today however keep in mind that difficulty is your enemy here. Look at how many people are mining these days. GPUs are still sold out even the LHR ones and people are still over paying for certain GPUs. Hence why the difficulty is going up. Then there are also some new ETH ASICS which will get released and difficulty will go even higher in the near future.
Obviously your profits will be higher than today however keep in mind that difficulty is your enemy here. Look at how many people are mining these days. GPUs are still sold out even the LHR ones and people are still over paying for certain GPUs. Hence why the difficulty is going up. Then there are also some new ETH ASICS which will get released and difficulty will go even higher in the near future.
it will balance out sooner or later. due to the the price rise, more people will get attracted to mine it, and vice versa. even if there's an increase in roi, it might not last that long imo. as long as there is decent profit, they won't stop just because the fork.
If Ethereum manages to reach over 4000$ will mining become more profitable like before (months back) or the London fork thing won't make it any less difference?
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