Bitcoin Forum

Hey guys. Can someone tell me what is happening with eth mining diff? Last 24h it's more than 2.5x profitable mining eth than before.
Are miners mining something else more profitable? Why algorithm did not adjust diff?

It is because the fees are way up due to Tokens/Smart Contracts on Eth.  Seems Eth is enjoying a lot of popularity recently.

It's back to almost normal, fees got as high as $6, now is back to $2.5, usually the fee is around $1 but they way things are i guess things will be like this for a while until eth 2.0 is released.

Hmm but, it´s the same with ETC. I usually mine 1,5ETC per day, but it was 5,5 from yesterday...

Well with the recent Etc problems and the huge profits on Eth mining....i suspect a few miners may have switched to Eth thus making Etc easier to mine.

Ethereum is really starting to lead this bull market I would not be surprised to see it go to 1000 and BTC to stay around 15000
if it was not for all the crazy red scam candle flash dumping the price to margin call every person longing I would have big longs on ETH right now.
Oh well at least I have some eth   waiting

In fact more miners started mining ETH since last few days because we were getting pretty good bonus due the high transaction fees. So, difficulty was higher actually.

So to draw a conclusion from this... Higher fees = miners earning more = ETH leading bull run.
Now, what would happen if all mineable coins got higher transaction fees? ???
I mean, in last bull run, BTC fees were too high up and that backfired badly, but there must be some equilibrium.

I read in the news that the commissions on the Ethereum network over the past week amounted to more than $ 34 million, and on the Bitcoin network about $ 9 million. This is a very good time for miners, I have already forgotten when the profit from 1 video card RX 480 was at the level of 1.5-2 dollars.

To be honest, I am a bit scared of mining ETC right now. The network looks a bit risky because they already suffered two 51% attacks one of which has resulted in a big loss.

Same, I'm afraid, I had ETCs, they were blocked for 2 weeks. they are at the 3rd 51% type attack and I think it won't be the last unfortunately, then the price really doesn't change compared to the other crypto.

Yep! And the gas fees are still above 100 GWEI so I guess that's a pretty good incentive for us to keep directing our hash power to the ether pools.

ETH withdrawal fee from exchanges is about 30$!!!  ??? ??? ??? I dont know is this going to backfire to miners, like it did with BTC at the end of 2017...

Didn't people just buy dogecoin with their BTC and exchange that instead?

cause defi frenzy lot of bot on dex eth

xlm more realistic, fee prety damn cheap and fast

That's because ETC difficulty is now lower, once Ethereum Classic miner sees that's more profits can be made from Ethereum they switch their mining rigs to Ethereum and that drags ETC mining difficulty down

There are so many coins with less fees, but they are not worth mention... Eth is stil silver and Btc gold for hodlers and traders, but for transactions, I dont know!

You don't have to be scared of mining ETC right now because you aren't planning to hold, correct me if I'm wrong? You would probably sell after every 24 hours mining circles to limit the risk, sell off and change to other coins or FIAT

Well for starters Coinbase is 2 weeks to confirm ETC so you may sell everyday but you wont you will be selling 2 weeks ago mined coins.

The problem is ETC will just keep getting 51% attacked until they change algos. 

An algo change won’t make any difference. Whatever algo they change to hackers will just rent hashpower for that algo instead. Consider ETC completely dead.