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Title: More ETH Minining output after the Fork Post by: InfiniteQuant on October 29, 2017, 12:03:40 PM I have 17 Mining NVIDIA RIG for ETH with average Hashrate of 2450 Mh/s
I'm using Nanopool as mining pool. Before the fork, my mining output was 9-10 ETH / months Since the fork it grow to 11.6, then 12, and now 13... I don't understand what's going on, I mean difficulty is suppose to raise and my mining output to shrink over time not the opposite. Any logical explanation to share with me ? Title: Re: More ETH Minining output after the Fork Post by: ROFLED on October 29, 2017, 12:10:26 PM It's been block reward changes after fork -> difficulty recalculates and i think fake diff increase lowered. I experienced outputs higher too
Title: Re: More ETH Minining output after the Fork Post by: Sev18 on October 29, 2017, 01:19:03 PM Let's do some math.
Blocktime decreased from 30s to 15s. Block reward decreased from 5eth to 3eth. Profitability ratio = (3eth/15s)/(5eth/30s) = 1.2 Theoretically there should be 20% profitability increase. Title: Re: More ETH Minining output after the Fork Post by: Fria on October 29, 2017, 01:40:09 PM Today numbers of bitcoin miners are now mining for Eth, I don't think it's a good idea rather than mining to coins at the same time. This indeed a good news for miners, thanks for updating mate.
Title: Re: More ETH Minining output after the Fork Post by: InfiniteQuant on October 29, 2017, 04:55:35 PM Let's do some math. Blocktime decreased from 30s to 15s. Block reward decreased from 5eth to 3eth. Profitability ratio = (3eth/15s)/(5eth/30s) = 1.2 Theoretically there should be 20% profitability increase. Thanks for the explanation. Title: Re: More ETH Minining output after the Fork Post by: Zedpastin on October 29, 2017, 05:07:34 PM Let's do some math. Blocktime decreased from 30s to 15s. Block reward decreased from 5eth to 3eth. Profitability ratio = (3eth/15s)/(5eth/30s) = 1.2 Theoretically there should be 20% profitability increase. It would be a bit lower as more people will mine ETH. Title: Re: More ETH Minining output after the Fork Post by: InfiniteQuant on October 29, 2017, 05:15:50 PM Let's do some math. Blocktime decreased from 30s to 15s. Block reward decreased from 5eth to 3eth. Profitability ratio = (3eth/15s)/(5eth/30s) = 1.2 Theoretically there should be 20% profitability increase. It would be a bit lower as more people will mine ETH. Well for me so far it's +30% Title: Re: More ETH Minining output after the Fork Post by: Za1n on October 29, 2017, 05:32:49 PM Let's do some math. Blocktime decreased from 30s to 15s. Block reward decreased from 5eth to 3eth. Profitability ratio = (3eth/15s)/(5eth/30s) = 1.2 Theoretically there should be 20% profitability increase. It would be a bit lower as more people will mine ETH. Yes, the difficulty will again start to decrease as more new miners will come on-board and old miners add more rigs due to this temporary increase in profitability. After a few months the difficulty will rise enough where profits are back down to what they were just prior to the fork and continue the trend down. People considering getting in to mining now need to factor this in when they run their profitability calculations as what the calculators show today will not be the same in 3 months. |