Bitcoin Forum

WTF is happening???

In 4 min almost 1000GH/s entered the network. ETH is being mined by ASICS. This is disgusting. They are destroying the profit !

Could it be the GPUs that were mining Zec switching to ETH? I switched my Nvidia's to ETH and BTM for better daily profit.

1000gh/s switching at the same time??? if your card can do 30mh/s, thats like switching 33.333 GPU capable of doing 30mh/s AT THE SAME TIME!!!!!!!
That's not possible. That's ASICS.

By the way, difficulty on ETH has increased 5,7% in the last 90 days.

BTW , i've seen in a period of 24hours increasing form 240.000gh to 255.000. Thats 15.000Gh/s in 24 hours. Just about 500.000 GPUs 30mh/s capable switching in 24 hours. THAT'S NOT POSSIBLE!!!

Nicehash my friend

30 MH/GPU was in the past, 1080 Ti does well over 50 MH each  ;) It only takes 4 1080 ti to beat yet to be released E3.

you must be accepted the development of hardware in cryptocurrency although the GPU miners can't stop it, let's move on to another coin there are having the algorithm is anti-ASIC.

258.000gh/s. OMFG.

In December 2017 it was around 130.000gh.

This is disgusting.

asics duh, probably the Bitmain F3 going online

Mining days are over. Pull out and sell gpu!

Though, there is news from NVIDIA that will separate the share
market of their product users. NVIDIA products with Turing codes
will probably be a dedicated GPU add-in card class as a cryptocurrency
minning.

I think a large portion of that hashrate is all the GPUs switching of ZEC since it's completely an Asic coin now.  A few hundred thousand GPUs is less then the hashrate that was on ZEC and there's zero point in GPU mining anything on the Equihash algorithm now.

This is the result of ASICs proliferating the Ethereum network and perhaps miners switching to Ethereum from other coin algos for which ASICs have now been released.

haha... noobs it's nicehash!

If all the ZEC mining GPU move to ETH, it will only increase the ETH has rate about 15%. I think that is the ETH ASIC.

Ouchies. Just checked the ETH diffuclty charts and they are indeed off the roof. This is probably because the E3 ETH ASICs are now coming online. This is probably Bitmain disguising their ASICs as "GPU miners who have moved from mining ZEC to ETH." Bitmain was waiting for the right time to turn them on so that the ETH dev team won't notice it's their fault and consequently ban their Bitmain E3 ASICs.

Vitalik already told that they will not fork against ASIC or if the community really wants it, they will just accelerate the POS migration.

I think some zec miners switched their rigs to mine ETH (this is true for all of my friends who are mining with gtx 1060 and 1070) or even in the worst scenario, Bitmain may test their new eth asics miner.

It is likely pressure from both fronts, as Equihash miners are now switching over to ASICs freeing up their GPUs to mine other coins, which right now mainly means moving to ETH. Also, the Antminer E3 is due to ship in late July, but I bet some are already starting to trickle out to large farms or other well-connected miners ahead of time, thus also driving up the hashrate.

Combined with the current downtrend in all coin prices this is creating the perfect storm of destroying any remaining profitability, as hash-rates and thus difficulty skyrockets while at the same time the coin prices plummet. Happy times are indeed here again, enjoy!

new record on hashrate for ETH.

262350 Gh/s.

WTF is happening here??? This is destroying profit!!!!!! OMG!!!!!!!

4 hours ago we had 252.000GH/s.

As time passes by , more and more and more GH are joining the pool while THIS IS BECOMING LESS PROFITABLE. Are the people really mad?? Or is it that people have definetely abandoned many many many other coins???

In early June I calculated 10.5 mil 1060s on Ethash, 2.5 mil 1060s on Equihash. With Equihash ASIC and no zcash fork (75% of equihash nethash), 2 million + 1060s need a new home. And they will flock to Eth.


+20% difficulty in Eth is expected. Even more if new GPUs with GDDR6 and better hash rate launches.

ETH won't last that long. This year PoS will crash mining. Hope people still buying gpus for mining get totally rekt. Also for ASICS.

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up, this is nuts!!!

They have been claiming that for about three years now and we a still mining hehe, I don't believe them LOL

ETH difficulty has gone up by 10,32% in the last 90 days. This is crazy.

F3s coming online duh, we expected this

I don't see anything too outrageous, it's constantly going up and down but in general expect the diff to move higher as time goes by.
I'm really sorry to hear this is destroying your profit, it's sad that the extra hashrate is coming from despicable monsters who don't respect the miners that were here before.
I'm sure they don't care about your noble plans to hold ETH and keep buying it to support it! [INSERT TROLL FACE HERE]

ETH network difficulty wise has been stagnant since march 2018 because those asics bitmain are shipping were already on, so reason difficulty is not growing, bitmain and other asic companies, turned their eth asics on december 2017 -  january 2018, reason why the difficulty rose around 120% in those 2 months, since then nothing much changed because there is no point investing on eth mining asics because other things give a lot more profit.

i do aggree, in December 2017 the network hashrate was about 130.000gh, now it's double that, at 260.000gh so around 100% increase. But i had not seen such growth within days. for instance, the network hashrate can vary from 240.000 21st July to 262.000 today.

Are 22.000gh/s moving around?  thats a lot of gpus or ASICS machines. i think this "mining madness" is not only for users. I think many gobernments are mining this. for instance, watch that Rusian that mined for 3 months BTC using institucional hardware and mined around 500.000BTC which is worth 4 billion $ right now.

also we have to consider that many people are seeing that 95% of altcoins give very little profit. Also to consider that many many many coins are becoming centralized due to ASIC greedy bastards.

i think that if ETH goes up in price, also will do the difficulty and network hashrate, because people are in search for easy money.

With this increase in hashrate specially since May, it takes me from 3 to 4 hours more work to get me paid every time. In total, i've calculated around 0.05 ETH (+ electricity costs) less every month since May due to difficulty increase.

this is insane.

It could be many reasons, one is that bitmain is turning eth asics off and shipping to users, reason why difficulty is dropping and then after users get them then turn them on, difficulty rises, bitmain does not turn them all off but bits by bits. Bitmain will put more f3 online and it will be as soon as nvidia launches the next generation of gpus, so idiots will say it was nvidias gpu's, I myself see the difficulty to jump 70% by december 2018 and eth's price to increase 150%.

Also bitmain might be moving f3 around to where the e3 were.

Profitability wise, eth mining profits were never this bad. Even when eth used to cost $8, you would still get $1.50 per
card, right now, if you are a miner mining eth, profit is down to $0.30 per card, that is 5 times less than used to be, so price will have to catch up to that, rule number one if you are holding eth is do not panic sell, wait for the price to align, which means eth at $2500 and then you sell the eth you mined today, tomorrow.

your ETH price estimation seems really unreal for me. i don't think it will get to 2500$ never. In fact, see my signature.

On the other hand, i don't think Bitmain gives a shit about people blaiming them. They already count on this. Most, if not all algos pro-nvidia are ASIC-centralized right now. Unless Nvidia cards give a huge amount of Mh/s on the ETH network, i don't see miners going for this. and lets not talk about it if prices don't increase.

For instance, watch RX Vegas giving like what, 37mh/s? (considering RX Vega 56 are doing around 32mh/s) and they remain unsold due to price. Unless GTX 1180 are doing like 45 .......

Hope you are wrong and difficulty does not increase more. Or at least, not at current prices.

the volta cards that were 2k did 90mhs eth, the 1180 will do at least 70 if not more.

next gen gpu will be better efficiency wise and resale value than any asic.

if the 1170 cab do 50 to 60mhs as I expect it will be the the new king at $499.

samsung ram vega 56 cards do 44 mhs eth at 160 watts, those are the only vegas you should be buying

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eveb the shittiest vega 56 dows (nitro plulaw hynix) does 37 mhs on eth at 140 watts

never seen any vega as low as 32, most likely a lemon and should be returned

70mhs, where did you hear this. I think you are dreaming a little.

There are many reasons why its increasing.

First are the publicility released ETH ASICs.

Second are the private released ETH ASICs with GDDR5 memory.

People still are buying AMD and Nvidia GPUs are most are mining ETH

People who mined coins like Zcash were forced to switch to ETH since there was Zcash ASICs released. GPUs like 1080Ti were very good at Equihash and now they are better off mining ETH.

Will only get worse from here. Best is to just HODL the ETH you mine and wait for POS which should increase the price of ETH, sell it then.

Very good points, the Z3 asics were a huge blow, its basically a precursor of the mess we will be in ince eth goes pos

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U do know voltas are out right now , that get 90mhs on eth
the 11x serious uses the same gpu , just less cuda cores and maybe different gddr

its not at all a stetch to expect 80 percent of the performance
 
https://www.google.com/amp/s/www.techpowerup.com/239686/nvidia-titan-v-achieves-82-mh-s-in-ethereum-mining%3famp

I'm one of ZEC miners before but after release, an ASIC miner for Zcash the profitability was dropped a lot that is why I switch to ethash mining because it gives me more profitability with my 1080ti with the help of ether pill.

They release an ASIC miner for ethash that I thought ethereum is ASIC resistant but looks bitmain is starting to pull them down to push people to buy ASIC because their miners is cheaper than building your own mining rigs.

just a few things.

- Someone said that with PoS ETH will be more valuable. I totally disagree. Small ETH owners will be forced to sell, since not everyone will be able to join PoS. It's being said that only those with more than 100 ETH will be allowed to enter. Probably even those with 10. But not with 2 or 3. Those guys (a lot of people have this amount of coins) will be forced to sell. In the begining, big sharks will not buy because they will want to drop the price down. Then buy. PoS will obviously reduce mining to 0, but ETH is one of the important coins with a huge amount of coins (BTC is limited to 21 million) while ETH has now more than 102 million coins circulating.

- Considering price, time to ROI and Electricity Bill, you have to be mad, like really mad, to spend money on mining today, specially if you buy for mining ETH when PoS is very near. those that have bought ASIC for ETH mining are gonna get REKT. Bitmain has sold them not because there is no profit with them, but because they have a certain idea of when PoS will be announced, and they would not be able to sell those machines in that situation.

- a good 1080 ti can do as much as 37 mh/s (there is some guys over there talking about idon'tknowwtfpill) that is said to increase it to 54mh/s. considering prices, i can outperform that. simple as this: at the biggest hardware retailer here in Spain (equivalent to newegg in the US), the 1080ti is around 830€ or 967$ to get around 37mh/s at best. I can buy Sapphire RX 570 nitro+ reaconditioned 8gb for about 240€ or 279$ and get about 30mh/s with 120W as i did in the past. In fact, i have various 570 doing even 32mh/s . I don't see this cards (1080ti) a win win situation for ETH mining. Not even considering paying more electricity. considering this, i don't think those 1180 will do 70. More like 50mh/s at best, and they will have to compete with all RX Vegas 64 at 640€ in my country.i simply don't consider this.

- Another thing is difficulty. Its been increasing for a lot of time, but it runs steady lately. There are some variations here and there, but hashrate stays rather high. I assume 95% of the guys mining altcoins got rekt by ASICs because they are destroying profit for everybody. Can you imagine what will happen when ETH goes PoS. Were are those thousands and thousands of cards going to go?? to mine ETC?? low prices+ skyrocket difficulty = get REKT. Hope this mining madness is over.

- AFAIK ETH is not ASIC resistant. In fact, a developper made a poll to see if people would like a fork, and the answer was yes (56% i think). But they have not done it. Vitalik wants to get as much net as possible built before going PoS and for that, they need that extra power from ASIC. Everything about decentralization is A BIG LIE. Everything is so centralized, that chinesse people have 50% of the hashing power of BTC. They only have to stop mining to increase the price of the coin consistenly.

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follow for profesional point of view and info  :)

today new record.

265.700 Gh/s. This is increasing. oohh BTW, someone has noticed that "current" hashrate of your miner is going down harder the ever???My hashrate is 354mh/s. It's always around 340mh/s (this has been like this for almost 6 months). But, in the last weeks it went down to almost 310 at best.

Thanks bitmain. Hope you go to hell.

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Record after record.

267.700gh/s My god what a madness. More profit destruction. Keep up fucking people stupids!!

When more ASIC online, the hash rate will rise again.

Get used to it bud. Innosilicon released some pretty powerful ethash miners, I’m sure Bitmain has something in the works as well.

difficulty rising is actually a very good thing for the people who holds their mined eth or buy eth and hold, as difficulty rises, the prices rises too because nobody mines for peanuts, so lets hope the difficulty rises 100 times.

Sigh. Wrong kind of moon that we miners hoping for =.='

Is this ASIC miners that we looking at?

this is so wrong :)

Than all the cryptocurrencies are so wrong. All of them with rising difficulties.

it makes no sense to continue investing in ETH miners, specially when Vitalik said that over 100 million coins they would inmediately apply PoS. So many people are going to get REKT. Are people THAT ignorant???

you need at least around 4500€ to get a 12 GPU mining rig mining at 360-370mh/s which is , at current prices, around 42 months to ROI.

if you use ASIC you will pay at least 1600€+ shipping which is, at best , 16 months to ROI at current prices. Then, when PoS comes will be unusable with no investment return

There is no point in investing on mining right now. HOW THE HELL ARE THEY STILL BUYING MACHINES TO MINE!!!!!!

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BTW another Record.

268.200Gh/s. No doubt, Fucking ASICS are behind this.

Oh man ! Man oh man!

How to raise it's own activity? Start wondering that mining difficulty is increasing. One can do it for years if not decades.

Totally disagree, for various reasons.

1º because ETH has a huge amount of coins already mined. There is plenty of coins to be bought everywhere. so i don't see a supply problem anywhere.

2º Because at current prices, mining is almost not profitable for ETH. It's already unprofitable to mine 95% of the coins with GPU. So everycoin is becoming centralized, just the contrary of what Blockchain was about: a big lie of Decentralization has gone down. Now very few people control the supply of 95% of all coins in the world.

3º Because it's uncertain that, even if everybody stops mining due to increased difficulty, there would still be coins to sell in the market, so no problem with stock, so no price increase.

4º i don't see chinesee people stop mining ETH due to low price electricity bills. Those that are getting REKT are EUROPE and USA. IF this increase in hashrate reflects a certain type of manipulation consisting on increasing difficulty as much as possible to make Europeans and USA people be mining with no profit, that would make the ETH market more centralized.

5º the consecuence of the increased ASIC in the ETH net, will also mean that GPU miners will get reduced profit. And that will go worst if ASICS with more power enter the net, increasing Stale shares.

6º This probes wrong every effort to concieve that blockchain is a decentralized market. FALSE. As time passes by, it's becoming hugely CENTRALIZED , almost in the hands of Chinesse people.

7º Even if everybody decided to mine ETH at losses, there is not a single argument to think prices will go up. So you can end up, not only not winning money, but losing it everyday you have your machines ON.

8º more hahsrate = more supply = less price. The more hashrate , the less price. This has been like this for ever. On everything.


The more info i get, the more manipulation see on this market. All is getting worst and worst everyday in favour of rich people mining with ASIC to throw all the others away.


If you see your neighbour's Beard being cut, be prepared because next beard to be cut will be yours. If you are a miner, my problem is the same as yours.

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Not true. PoS will be applied to ETH this year, or begining of next year. So they will not even ROI at current prices. It makes no sense to see the ETH hashrate increase. Makes no fucking sense.

What so hard to believe? All my Nvidia rigs that is paid off from the last bull run is now mining eth. I break even with electric bc their is nothing else better to mine.

Soo many people are in my shoes where we mine for zero profits and depend on future value increase.

I see too many crybabies here looking for someone to blame. It is what it is. Mining has been met with full market saturation. Ride through the rough times or get out of the mining game.

you bought Nvidia cards to mine altcoins pro-nvidia (where AMD could not get) like Zcash. i stayed away from that because i considered those coins to be shitty coins. i bought AMD because i was sure to mine ETH from the begining. I knew by that time that Nvidia cards were more efficient than AMD cards, but with a bit of tweaks and lots of hours of testing, btw,  i got to equal efficiency with huge advantages over Nvidia cards, using almost 130W. with the price of one 1070 i could buy two amd cards. And card to card efficiency my 570-580 were almost equal to 1070's doing 30mh/s. i could match even THE BEST 1070'S OF THE MARKET doing 32mh/s with cards that cost half of those.

So now that your shitty coins are what they are, shitty coins, and proves that your investment was succesfull only due to living the luck of a big bullrun, you have NOTHING TO DO THAN SWITCH TO ETH fucking those that stayed away from your shitty coins and never wanted to enter your shitty market. I actually don't care about your fucking arguments. You, and people like you, are fucking up people like me, switching your fucking cards to mine a coin which was not your main idea in the past. So , you paid off your cards mining whatever shitty coin pro-nvidia you encountered, and now you fuck up people that still want to ROI even having bought cards at half MSRP prices. GTFO PoS.

You, and all nvidia guys should leave ETH. Because you mined your coins, and now you are destroying our coin. Get out of ETH nvidia guys. This is not meant for you. Go away.

mining is for profit. and thats about all it is.. to make profit. whatever the coin or algo. if a coin cant survive massive amounts of hash power sloshing around then it will die off.  survival of the fittest. adapt or die.

sure there are some miners who mine just to support a particular coin but its a pretty small amount compared to "for profit" miner. and thats fine. i have done that myself here and there in the past. but a miner locking themselves to a particular coin has more risks than a "follow the money" miner.

btw i currently have both amd and nvidia cards (and had ASICs in the past), and have mined more or less continually since 2011. and yes my hash, for the most part, has followed whatever algo or coin that made the most profit for whatever gear i was running at that time.

Are you for real? Guys with Nvidia cards should not be allowed to mine ETH? I think if you are so butthurt about this you should just sell your cards and get out of the game.

i also have 2 1060 on my rigs. And eventhough i knew those cards were better mining Zcash, i stayed away from that. Why? because my investment was to mine ETH. and if ETH failed, i would have left the market and sell my rigs. no doubt. i never trusted other coin than ETH. In fact, i could have built much more rigs for ETH. and i didn't do it. Why? Because first of all i'm not a greedy bastard like many miners here. And 2º because i knew that i was actually harming people that were already mining, and my point was to get enough for me harming those guys the minimum. I entered mining ETH in October 2017. i even considered my goal to get 300€ a month after paying my bills. This was, according to that time, doable.

any coin can survive massive amounts of hash power net wise. the problem is the price. The more hashpower the more supply, the less price. Nvidia guys have now no place to go so no profit and now they are harming ETH miners (AMD related hardware). I undestand that miners are in search for profit. but i will not allow a fucking nvidia retarded to tell me i'm a crybaby, because i'm winning less money due to people like him, switching his cards to mine ETH even at 0 profit , harming my economical interest. at current prices, and current difficulty, it will take me at least 20 more months to even ROI. the perfect storm is here.

I don't need this money. In fact, i hate this market. i'm ready to sell and pray everyday for the end of this big lie, but i will keep my machines ON to fuck up those ASICS and nvidia guys as much as possible. Greed is the biggest cancer of this world. It's proved day after day.

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No, i will keep them ON just to increase my best the difficulty so that guys like you mining for loses. And hope the market destroys you.

while thats an admirable position to take, and i do understand it (there is a coin i will flat out never mine even if its more profitable simply because i vehemently do not agree with its vision), the bulk of miners are in competition with each other.

but in general if profits are more or less equal i will mine the coin i think is better. and while that may impact the profit of miners who are "true believers" of that coin it increases the security of the coin. so whats good for a coin (increased hash power) may be bad for a miner (increased difficulty). i figure a coins security (ie higher hash rate) has priority over my fellow miners. not that i want them to make less, i just put the coin security 1st. after all if a coin fails due to a low hash rate that allows easy 51% attacks.. well whoever mines that coin has lost anyway.

Lol. Bitch I will grind you down to the ground like I did with your girlfriend last night with my all mighty 1080 ti rigs with eth enlargement pill. 52 hash at 150 watt. Smoke on some of that green. Bought those at $700 usd.  Crazy efficiency. My 1070ti does 31 hash with 107 watts

I knew Amd cards can't play the long game compared to the more efficient green cards. No woman wants that. So I choose Nvidia despite it cost more, it will also have better resale value

I will make you capitulate and you will have to sell your Amd rigs and get out of the mining game. It's going to be a long grind. And if profits were to return I will just ramp up the power to mine faster. I will get the meat of the steak and you will get my leftover sloppy seconds table scraps.

I'm glad I mined zcash and never sell I mine bc it's no shit coin. Getting added to coinbase soon.

Lol, I mine with AMD cards. Are you looking for sympathy here? You are just coming across as a winey little bitch.

why if ASICs enter the ETH mine? Is there a rule that prohibits it? if you think to gain profit in not the old and in the same place maybe ETH is not the right place. Try to find other coins for mining in the long run

there are no other coins to mine that are not infected by ASIC. And as soon as ETH goes PoS , any existent coin alive with profit, will be hamered to hell with those GH of hashrate. There is not a coin to take that amount of gpus.

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interesting. I paid 250$ for every 570-580. all of them are doing 30+. Average from 12 cards is 31,3mh/s. i even got 2 580 with micron doing 32,8mh/s . With 700$ you paid for everyone of those 1080ti, i will buy two AMD cards, will destroy you in hashrate and profit even after paying electricity bills, and with the rest (700-500$ in case you are mentally handicaped = 200$) i will pay your girlfriend to suck my dick until it gets dry.

The only thing you will make me is laugh at your face with big ears like a donkey.

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no more questions sir.Learn not to lie.

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it's not even that. If you bought Nvidia betting for some coins to develop, and after some time, you see that the market has rekt you and you have to switch, well, instead of calling me a crybaby, just tell me: hey, i'm one of those that fucked up the investment, and now i'm mining for 0 profit waiting after electricity betting all on price increase. Sorry for harming you.

That's what i would do on that situation.

I don’t have any Nvidia rigs. That is Lunobird’s quote, not mine.

mining hardware, mining software, amd vs nvidia for a particular algo, it all changes over time. some miners prioritize efficiency over the cost of card (high electric cost), some vice versa (cheap electric). on eth amd used to dominate no matter how you sliced it, now nvidia 1080tis that ran in the 30s pull mid 50s for mh/s on eth (because of the pill) so may be better power wise, but still lose $/mhs wise.

amd vs nvidia. meh. just roll with the punches and enjoy the ride i figure.

there is not such a ride to enjoy. Hashrate destroys all profit. more coins produced destroy profit. More Asic destroy profit. More Nvidia guys switching to ETH destroys profit. PoS will destroy profit totally. more coins in the market means less profit. No demand or a declining demand destroys profit.

I think this is not gonna end well. In fact, watch my bet in my signature. Every bargain is destroyed in this world due to greed. This one will be another example.

So the question remains unsolved: why is hashrate increasing since profit is almost neglectable??? are people betting on a price increase blindly?? What if that does not happen?? have they thought about it???

i think it could be this: the pill for 1080/1080ti. in a reedit post some guys have reported an increase from 37 to 54 simply by using a program that performs a "tweak" in the memory settings for GDDR5X. Considering a huge amount of people have those cards, the damage of this pill on the hashrate is huge because it increases the hashrate of Nvidia guys by 30% which is and could be this peak we are suffering.

well true for those who bought in at the wrong time, didnt understand mining, got burned by the various ASIC/overpriced prebuilt rig scams etc. but for those of us who made a profit, based on luck/timing/whatever, its been an interesting time. i guess ive seen and experienced enough in crypto that i just roll with it now.


sunk cost. if you already paid for the hardware and it makes anything above (or even equal to) zero profit, you will keep running that hardware no matter what. some hodl hoping for a price increase. some sell to cover equipment/power costs. either way hash rate rises.
 
so as asics/fpgas drive gpus out of a particular algo gpu miners pile in on whatevers left, which seems to be eth for a lot of people at the moment. not to mention eth asics and fpga that are already here. so there is a frenzy of miners trying to get every last bit of profit out of their rigs before they are pretty much useless. and eth seems to be more or less the last hurrah for many miners.

for those not into asics, i personally think fpgas and fpga/gpu hybrids are going to be the next generation of miners. they are adaptable and much more efficient power wise vs gpus, although initial cost is high. gpus alone are going to have a rough time unless your power is basically free. perhaps new algos or coins can prolong their life, but even then everyone and their brother will just pile onto that algo or coin, dropping profits very quickly.

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i have two 1080tis and ever since the pill they have been on eth, running 53ish mhs. with the extra 34 mhs between them it was basically like getting a free 580 or 1070ti. before that they were on equihash iirc.

plus bitmain now has an asic eth miner.

Sound like the same problem sia got bricked.

they annouced an asic miner for june , and an other team hast buil it 1 year before . so the profit has been gone

yep I'll mine for zero profits just to watch prick guys like Piskeante suffer and capitulate.  Its fun watching maxamalist Amd miners cry.

Eth is most energy efficient with 1080ti.   so time for your amd guys to rot out of the space, nvidia rigs taking over.

Lol, this should make the little troll’s head explode.

i'm not much in 1080/ti but i remember that i saw this in April 2018 when it begun this "trick", and i don't remember many people talking about this in forums. Can it be that huge farms have known of this recently?? there was recently a big drop in hashrate but then it skyrocketed. Some people have said it can be that Bitmain plugged off their machines, cleaned them and shipped them to customers who bought them. But still, Bitmain has been using them for quite a while.

If the hashrate was 262.000, dropped to 237.000 (due to cleaning and shipping) and then up to 269.000, in just 3 days, from where did those 7.000gh came from?? is someone,with current situation betting on mining when buying is actually more profitable , and considering that , blindly, the market is gonna suffer a bullrun??

It's incredible and irresponsable on the other side. I would never bet money on this.

nvidia miners never thought they would use their 1080ti to mine eth hehe, for them it would be equihash forever or other altcoins, this is the reality nobody thought about except me hehe.

you never have enough right?? I'm on profit right now. 120$ after electricity costs. You are mining on 0 profit. Who is the stupid here , mofo?

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they fucked up their investment, and before getting rekt, are switching. Losers. Big losers.

soon amd is coming with a rx polaris or vega gddr6 that will do 70mh/s for $230 and everything will be going to ash hehe and the funny thing is that troll superiority of 70 mhs card will last only few days to few months cause pos is coming and trolls will be in debt hehe, gpu mining is almost dead trolls, enjoy your peanuts of profits, whereas i earn 1000% in few months buying and selling coins, you trolls earn peanuts mining hehe

I agree.  Mining is for straight up losers.  I only bought 34 gpus nvidia rigs to hedge my risk when crypto's where in the sky.  Im 90 percent coin buyer, 10 percent miner.

If my electric rate wasn't 28 cents I would be very much in profit each day.    But I have to just pay the electric price and hold onto it for better times.  This always gets you more money in the long run.  And who cares what you mine it for today.  Its all about your sell price in the future that brings in the real profits.

1080 ti is the best mining device for those that have high electric rates.

Lol, buy high sell low!  Still lots of money to be made mining.  Like anything else lots of highs and lows, just make sure you buy your equipment at a decent price and time and have cheap power.  The next bull run could be right around the corner. 

sometimes we make that mistake, we buy at the high price and we sell at the low price :D I remember that I have this experience. and if ethereum network hashrate is going to the moon, then I think it will impact to the price and I think the price can increase higher too because the difficulty will increase more. maybe we are going to see the price increase in this month or in the next month and I am sure that we are waiting this moment comes.

Have your realized that mining  is crucial for pow coin?   "Loser miners" actually make secure your fav pow coin's blockchain...

Currently there is 6500GH/s dagger hashimoto available on nicehash. If someone pay more than other algos it will increase, because nicehash miner has profit switching feature.

Why to blame Gpu miners ? Better blame the Antminers from Bitmain that they are selling but better yet blame Bitmain for keeping a huge pile of better antminers than the one for sale to the world. There is only one guilty for everything and that is Bitmain.

Stop blaming small Gpu home miners, they can't add that much GHS to the network within that little time. It is impossible for a lot of different people in the world to build that many Gpu mining rigs in just 4 hours of time. This is some thing which is done by a greater force named Bitmain.

only ASICS are mining at profit right now. And the Hashrate is not going down. Are people so irresponsable to mine at losses with the current market is danger of absolute death???

I think they got very cheap electricity price.

Soon its heating season you know. I would run my miners for loss to heat my room up and pay less or nothing to local heat source provider.

It is winter here. So I keep on mining to heat my property.

Ya that's cool.  But Keep in mind your paying a premium to heat your house compared to Gas. :P

But I don't mind paying a bit of a premium as long as I can afford some losses and you want to make bigger mining operations capitulate since they got bigger cost to run a farm

I would do a mix,  75 percent gas, 25 percent mining rigs to heat the home

more predictions that never happened

vega 20 won’t do more than 50 eth and will cost at least 300, polaris will have life till 2020

I remember telling people here not to worry about the 4GB not being enough GDDR for mining ETH in the future or worrying about the upcoming ETH POS transistion, I told them that ETH will most likely not be profitable in terms of high difficulty and low price and its basically exactly what happened.

People were investing in 1080Ti instead of the cheaper RX 570 4GB because they were worried about the #300 Epoch which took it over 4GB. Or they were worried about it going POS and providing no mining reward what-so-ever.

However what killed it essentially was not the ASICs but it was its very low price when it broke the $150 mark or so.

without asics $100 and $150 would still have been profitable, but yeah you’re right about the 4g problem
eth was supposed to be pos by now.

the only good thing about the death of mining is now our fears of what will be profitable to mine when eth goes pos is gone lol.  There’s nothing profitable now with power greater that 4 cents

any 4gb can still be used up to 2021 to mine, eth will be pos by that time, it was always known but like everything else, some miners gambled otherwise. Asics did destroy the market, as investors know there are asics 10 times more potent than they are letting it go public, why they will pay 10 times more for it? So reason eth price crashed x btc, eth supposed to be 0.3 x btc right now and is 10 times less than that at 0.026, so as those asics came to function as the price came to crash, basic and simple, 12 times stronger asics, 12 times price crash, right now 95% of network eth hashrate are those asics, 1% using gpu and 4% fgpa gddr6 which nobody heard about yet and may never will. If it was not for those asics, eth x btc would be around 0.3, for each bitcoin, you would pay 3 eth, even with the bitcoin crash, eth would still be worth $1200 at moment.

Ethereum difficulty will be additionally decreased because GTX 1060 3 GB aren't working from today with such a big DAG file of Ethereum. I hope it is going to help increase the profitability of other rigs while Ether mining.

If Metroid is right, those 3GB cards won't make a noticeable drop in diff.

I'm using 1060 3GB on HiveOS right now to mine ETH. I . havent checked ETC which is a few Epochs ahead of ETH. However I'm still mining ETH with them.

I thought 3gb cards are goid till march 2019

Brutally increasing hashrate on ETH. From 165 to 180.000 Gh/s in just 3 days. What da Fuck is going on???

Are new ASIC joining?? GPU mining at current prices is just NOT PROFITABLE in the 0.09$ taxes included (which is only possible in third world countries) . 15.000GH/s appearing in 3 days? It's simply not possible for GPU mining to achieve that number. What is happening???

in 90 days, the difficulty has increased a 23%. WTF!!!!

15 GH/s? you mean 15 TH/s and this is not much so what is your problem?
Why it is not possible to achieve this number with gpu´s? And 15 Th in 3 days is not correct, it is around an increasing of 6 th in the last 3 days.
Maybe some big farms change from zhash or something else to ethash algo.

simple as switch your mining rigs from ETH to ETC, the diff there is very stable  ;)
support the real ethereum  8)

it's clear in the quote. I said 15.000gh/s not 15Gh. 15.000GH/s in the GPU mining world are a huge amount of GPU's. Considering the most normal GPU card in all mining farms is the RX 570 and this card can do around 30mh/s, we are talking about an astonishing 500.000 GPU cards entered the ETH network in the last two-three days. Your data of 6 TH/s in 3 days is false, sorry. In three days it went from 165.000gh to 180.000GH/s. And yesterday, from 170.000Gh/s to 180.000GH/s.

We are not talking about big farms. A big farm cannot do that. We are talking about a very coordinated movement to crash ETH difficulty to the top, to make it less profitable and push people off due to high prices payed in first world countries, favouring third world countries such as China.

---

Thanks for the advice, but current situation disadvices to do that movement, though it will have to be done in January-February 2020 once ETH goes total POS. And you know what will happen right??

oh ETH going POS, right.  We shall see. 

If you continuously keep up to date with Whattomine, in the last few months, GPU profitability in the aggregate, has been trending downwards. RVN and ETH  up until recently have been have been bearing the brunt of GPU miners. Coin forks and anti ASIC mining software have also helped GPU mining, but are these permanent solutions?  This also maybe a sign that money is moving out of Alts and into BTC.

BTC's first mover advantage might be more attractive to the type of people that are putting money into crypto now.

You are clueless.  Does this look like a giant spike?  https://etherscan.io/chart/hashrate   The hashrate has steadily been increasing over the last 3 months.  Everything in life isn't a conspiracy theory.  And why did you bump an ancient thread?

The answer to your post is very simple:

1º I upped the post because i was the creator.
2º Because i can do it.
3º Because it's an actual issue
4º Because opening a new post when there are related to the issue already opened is actually harming the community (FYI).

Now, The amount of hashrate has been increasing, WITH NO REASON but there are big spikes that offer enough evidence to discard that a big farm has "re-entered" the market. The ETH network difficulty has spiked 23% in the last 3 months. If you had to pay 23% more anything that you commonly use, wouldn't that be a huge spike?There is no big farm for ETH with 15.000 Gh/s. This is just a well coordinated movement to destroy profit for first world countries to make it more centralized and in control of some countries. And if that was not the question, it's obviously a matter of pure profit (if the price gets to a point were you can get profit, even if it's small, people was commit to it, in an stupid movement). The profit of mining ETH is nearly 0 in countries with 0,09$/kW taxes included. There are very few countries that can make ETH profitable, and those are China, Venezuela, Argentina, Indonesia, India or south AFrica, all of them third world countries or countries in evolution.

The profit is so small, the even big farms don't win enough money to maintein their taxes and electricity bills. i've seen 4 of the biggest in Spain shut down. There are no big farms in my country due to high electricity prices, at 0.16$/kW taxes included.

Did they close, invest on solar power, and open again? Yes. So well coordinated that in 3 days 500.000 GPU join the ETH network? No, that's not possible. This is a coordinated action.Is this a massive farm with ETH ASICS?? Maybe even Bitmain using their new products against GPU miners??

When GPU mining gives you 0.20$ per card per day, to see 15.000 GH/s join the market, is just a disaster. But this is the key question: even with ETH at less than 100$, we were still above 135.000GH/s. I don't think people are so stupid to mine at a loss. So the most viable option, is that most of that hashrate is being mined with solar power. 
 

If it is not enough that Gpu profitability of Eth is going down like crazy now during summer also juniors or high school students want to try this thing called mining.They start with little Gpu-s but they are not aware that they are increasing the network hashrate by doing so.

The Chinese had an announcement that they would release new Asic devices in August 2019. Apparently this happened. The X11 and Et hash algorithms have just entered the market. This is not the limit

What happened to progpow?  Not sure why anyone would build / buy and ASIC with the threat of progpow. Or maybe progpow is like pos, never going to happen.

From what I last heard it was delayed. Basically they needed to do some audit to find out if its worth switching to ProgPOW and then they delayed it. Then they needed to get funding for the audit which last I heard they received and haven't heard anything since March-April 2019 really.

I remember that from some dev conference meeting they said that they would most likely switch to the ProgPOW barring any issues and that was pretty much it.

I've been following ETH since 2016 and one thing that is certain is that they always miss deadlines and always postpone everything. So who knows when ProgPOW will actually go live.

not only the ether grew hashrate, and the algorithm x11 waved up. this is probably a new asic device came from China

xwp swap coin with good inflation and the price is always on the rise. rigs xwp i did.

I think being 2weeks since July 24th we can conclude that the spike was not random network variance. The 10% spike was most likely new ASICs going online. The 10% gradual increase in the past 10 days was perhaps other algo users switching to ETH as their algos fell to ASIC (which is ironic since ETH is no longer a GPU haven).

Anybody mining ETH right now on GPU either has dirt cheap power or is mining Hopium because the cards like the 1070 and the 1080 are depreciating faster than the value of the ETH they can mine. Even Ryzen 2 CPUs are tanking in price with Ryzen 3 CPUs spanking everything.

Looking at https://etherscan.io/chart/hashrate

It doesn't seem like a huge spike. You might be right that its some new ASICs however there is also the possibility that the people who bought GPUs in 2017/2018 are powering their rigs back up again since Bitcoin and Cryptos seems mainstream again.

If those people sold GPUs back in 2018 then most likely there are other people who started to mine right now because they are expecting ETH to go to $1400 again. Many people think this because it looks like BTC might go back to the $20K ATH and they feel that ETH will be no different.

How about theory that hashrate increase may be caused by recent enhancements in Claymore's mining software and release of AMD mem tweak tool? :)

Drop the tinfoil hat, its not new asics coming online.  People are just mad that some huge farms are opening shop in countries with stupidly cheap electricity costs.

Tinfoil hat? I've been around since 2011. I know there are new ASICs coming online but not from the normal players... I don't know what all the normal players are doing with their new hardware since China has clamped down on BTC again. There are no new places in the world with "stupid cheap electricity" that haven't been known since 2013.


I'll be in Shanghai shortly so I'll be able to see what new toys my Chinese buddies have.

Huge GPU farms my butt. Payback time on any card is still over 1 year with ETH. In that time you could pump and dump ETH/BTC and make 3x the money without lifting a finger.  Anybody with enough capitol for a "huge" farm isn't pushing GPU mining on ETH.

I think a lot of the new hashrate is simply gamers that don't have to pay for electricity, whether they live with other people, or have power included in their rental agreement.  They might as well mine when they are not gaming and make some free money with little work.  

nice comments all of you,

1º i don't think it's related to tweaking cars with software. Reality is people want 24 hours non stop mining rather than sometimes crashes by pumping some more hashrate. So i totally discard that. Moreover, software tweaking is not normally the most efficent since only applies configs that are "safe". And i don't know anyone into mining without flashing bios or investing a lot of time and effort in tweaking cards.

2º Mining with only one card is not profitable. Why? not because of the card, but because the whole extra Watts you have to deal with at profit time considering your gaming machine uses (big CPU, lot of ram, rgb lightning, big fans or even AIO or water cooling solutions. I don't see the point here. profit is next to 0. And also the return of very low amount of coin mined is neglectable.

3º I think this spike of 10% from 165.000 to 180.000GH/s should be ASIC. There is no other option. You cannot pump an already inflated hashrate the equivalent of 500.000 GPU at the same time. It's simply not possible. AT all.

4º Now, the option of people turning down machines, and after a period of time , put them online is possible, but how many people should do it at the same time to get the equivalent of 500.000GPU online?? No, sorry, that does not seem the answer.
And , BTW if you support the technology, you just continue mining even at a loss. If you stop, is because not only it's not profitable at that very moment, but also you consider the situation will not get better. Why would you stop mining and then continue doing it? you could have mined more coins and if it gets better, that would benefit you. So i don't get it.

5º According to ETH Devs, according to what has been said already, January 2020 is the time for the release. The problem is that i don't really know if they will just shut ASICs in the network, or will actually go total POS with 0 profit no matter what conditions you mine because they will reduce the block reward to 0.
Remember that inflation is a fact in ETH. The sooner they begin reducing inflation, the more value the coin will get (at least, that's how markets work). Many people say that BTC , once it's all mined, will pump brutally. Can this happen to ETH??

Destroying the profits? or earning them??  :o

Well at least 3-5% of that hashrate increase is due to wide availability of memory straps and ease of use - claymore's update.  New Asics maybe but they dont present a great advantage over a sub 80$ sub 100w rx470 running at 32mhs for example.  If they are adding asics it would be only because they are receiving them now - I highly doubt anyone is massively buying hashrate now.  I also highly doubt people are creating huge new farms with polaris gpus which are now 3 years old ?  Still looking at 7 months ROI on a used 470 about.  economics are broken, a used last gen card should ROI within 90days or else its a risk.  Then again, the market is changing - Some idiots think getting 20% return on capital is *really good* with mining.  Oh boy have you ever heard the phrase picking up nickels in front of a steam roller...

This is what a lot of people don't realize, not everyone is mining to make a profit.  Some people enjoy doing it as a hobby and they don't mind if they lose a little bit of money having fun with it.

Plus some people are willing to buy mining gear and use it to get clean money even if they lose a bit of their dirty money in the process.

it seems that there is new players in the game

from 27 august, to today, we have gone from 170.000Gh/s to 189.000Gh/s. I haven't seen this enormous hashrate switch from any other coin. All other coins maintain normally their Hashrate. So this increase are new players. Big farms switching from place to get better price per kW? probably.

New ASIC coming online? probably.

is this madness going to continue?? are really people investing into new rigs to get something around from 10 to 40$ month profit after electricity? are people so desperate???

LOL this is not much. Look at the overall network hashrate chart and you see this is normal. The diff increase a little bit and all dudes began to cry  ::)

20.12.18 160.000GH and on 26.12.18 it has 189.000GH for example.

https://etherscan.io/chart/hashrate

your answer is just to simplistic. Let me tell you.

By 20-12-18, the price of ETH was nearly 90€. It was non profitable. But!!! and this is the issue, all the other alts were doing far worse than ETH. This made a huge amount of Hashrate from other alts switch to ETH.

But that case is not this one, since there is no hashrate switch from other algos to ETH. It's just new hashrate into the market. Which totally invalidates your statements.


It's not that i cry. i don't care. It's just how miserable you have to be, to turn on your gpus generating heat and big electricity bills to gain 30$ on a month.

We're over 200TH again as the price has slid from above the $216 support. Whoever is mining is doing it on the thinnest possible margins or has dedicated equipment (ASICs). With nvidia finally dropping the price on the Supers and the RTX series the residual value of 1xxx series cards is dropping faster than any mining value even if you had free electricity. I surmise there's a lot more ASIC and a lot less GPU in this new hash increase.

Last time we were at this exact hashrate was November 2018
https://etherscan.io/chart/hashrate

And at the end of november is when BTC broke the strong support and headed towards $3100 shortly after. ETH on the other hand was around $120 or so. Since price is almost double, it means that there is most likely tons of ASICs online or there are miners which are mining at a loss and hoping that ETH hits $500 or $1000 or so.

This is why its going to get interesting if ProgPOW actually is given a go in 2020. Because we would finally learn exactly how many miners are using ASICs and how many are on GPUs.

Innosilicon just released a 500 mhs miner at 750 watts, no sure who is buying a it with progpow algo change.

With progpow it's the same thing as with POS, they have a time... no rush

Yes its pretty crazy how unfair the mining game is towards the ASICs. Basically most of my old RX series rigs were all RX 470 GPUs. And each rig used about 750 Watts, give or take. However each GPU peaked at 30MH/s, usually a little less. So my total hashrate was 180MH/s or so.

So if you compare it to the ASIC, its basically almost 3 times more efficient per watt than a GPU. Now this is why something like ProgPOW is important. Because if it had the same efficientcy then it would be fair and I wouldn't complain. However just like with BTC, the efficiencies will always increase and before we know it there will be ASICs which are 10 times more efficient, then 100 times, then 1000 times and eventually GPU miners will be completely out. This is pretty much to what happened with Bitcoin in 2012.

That is why , whenever ASIC enters the game, it's game over for GPU miners. And this is why i've always hated ASICs. ETH devs care from 0 to nothing about this problem. I don't even think they will apply Progpow. They will go directly to POS and reduce reward to 0. Almost 100% sure they will let ASIC destroy profit for GPU miners.

Efficiency wise and all this "climate change issue", they surely think it's better to have 1000mh/s using 1500W, than 1000mh/s using like 4kW or more. This madness is already too big to deal with it. Profitability is just a joke. And i aggree. This increase in hashrate is ASIC related, almost 100% sure. Noone is building GPU mining rigs with POS incoming my 1Q of 2020. Innosilicon is doing what bitmain did and has continue doing for a long time: design their own machines, and put them online winning extra money. First for mining, and second for cleaning and selling "old hardware" for people once they had a more powerful more efficient one online.

This is not what crypto was about. it was not created for being centralized, but it's the most centralized market you can ever imagine. 55% of all BTC hashrate is in China. Even with the ban, chinesse people are moving away their hardware to places where there is no such control.

The RX 5700 can get 60mh at 100 watts, that is close to the new asic in efficiency and cost. 

I do not really agree.  That 500mhs ASIC sells about what 2500 USD.  Who cares about efficiency if you pay 2-4cents USD or something.  With 2500USD you can get approx 800mhs or so with 570s (+- depending on what you pay for stuff but still).  So its not the death of GPUs but it doesnt help profitability thats for sure.

Well either you're going to be happy you dumped your RX 470s for this holiday season on Craigslist/eBay or you'll be happy you kept them is Progpow gets pushed.

Well, for now, this miner will be relevant with such low power consumption. And the transition to progpow will not be implemented soon, it will be delay repeatedly and tested several times. In general, everything is as usual.

This is what I am actually debating right now. I made the mistake and didn't sell my GPUs last year and most are collecting dust. Sure they turn a profit but for 10 cents a day per GPU, I rather not deal with the headache of having the GPUs crash. So I am just holding them if we ever get the $1/day/gpu again.

I remember back in 2014, I had issues selling my GPUs after the Litecoin crash. It wasn't until Christmas 2014 when I was able to sell every GPU. Since people bought them as presents for their kids or husbands or boyfriends.

This year I am wondering what to do? Will ProgPOW actually go live and make GPU mining profitable again or should I just sell all my GPUs this Christmas and move on.

193.600 Gh/s today. DAy after day, the hashrate is increasing.

New ASICS entering the market.

It's a good question, with simple answers.

1º If you believe ETH will go UP in price, you are losing money with your GPUs offline.
2º If you believe ETH will hold the actual value, or even get lower, it's better to sell them. I don't see so much offerings in second hand markets, since all people that wanted to move on, have sold them already. Prices are going up in second hand markets. In Spain you can actually snipe RX 570's 8gb from Sapphire for around 100€ or lower, and get around 30-32 mh/s with 140W total power consumption per card.

3º If you think Progpow will go online, and ASIC rekt, you can hold your GPU's, but again, profit depends not only on hashrate but on price per coin aswell, so you actually return to points 1 or 2.
4º If you think, like me , that progpow will not be applied, and that DEVS don't care about GPU miners and they will go directly to total POS with 0 reward per block, leaving ASIC go camp ETH with their massive hashrate with ridiculous efficiency, than you should ask yourserf if you want to switch to another algo or sell GPU.

You can sell because we don’t know what will happen with ProgPOW if you are not happy with your Gpu-s performance and if you have them configured correctly they almost never crash.I will keep mine as I believe one day it will be thanks to these very Gpu-s that maybe I will make a decent amount of money.

In my area however there are tons of second hand RX GPUs going for almost nothing. There are the same multiple sellers that keep relisting their ads over and over and every few months they knock down their prices because nobody is buying these GPUs.

There is just too much supply out there of these GPUs and unlike Nvidia GPUs most gamers don't want an AMD GPU. Hence it's the reason why it's better to wait until the supply gets absorbed and sell then.

And you cry like a baby. Sorry your statement ist shit and nothing more. You say you never see a so much increasing of hashrate. So it´s wrong.
My Cards do more than 30$ in a month XD. I gain over 1000$ extra cash in a month with my old RX cards after electric  ;)

My answer is to simple and your comment say nothing XD

I don't see how its possible for you to make $30/month per GPU. Which is $1/day and you are saying its after electric.

Plugging in the values for a RX 470 to What to mine you make the most around 57 cents and that is before electric. With electric about 20 cents with a standard 10c kwh power rate. So your net profit is $6 per month, I don't see where you get the $30 figure.

This is also not taking into effect stale shares, outages, pool fees, exchange fees, withdraw fees, etc.

Ignore him. Some people are either born trolls or just plain stupid. There is no card making $1 per day after electricity. Even 1080Ti with the pill and free electricity can't generate $1/day.

So perhaps he meant to say he generates $30/day or $1000/month from ALL his cards - maybe he has 150 cards lol.

Again, people are failing to even bother reading the continuing discussion. Are you really gaining $1000/month when the value of the said 150 cards is dropping $2 to $4k/month? In his eyes yes. In the eyes of any sensible person who has ever run a business NO. It's not sunk costs - the value can be regained at time of sale, but of course if you sit on it until 2023 nobody will buy a 1070.

Picking up a dime off the street I make $0.10. If there's 100 dimes on the street spread out over a 5 mile distance yes you could "earn" $10.00 by picking up those "free" coins. In the meantime you could have ran some ethernet cable, consulted for IT services or even mowed somebody's lawn and made $20-$200. Free is not as free as some people think it is  :P

I guess he just plain troll, only radeon vii(algo argon2d) got around 1.7$ - 0.6$(electric base on 0.1$kwh@250w gpu consume)= 1.1$(after pay electric) aat this moment, miners are dying like us, i still mining even at 0.11$kwh, some gpu already turn off, polaris&tahiti series, even vega card struggle to get decent profit (i call break even if profit only 120% from electric price)

Low profit + massive dump = game over for miners right now.

If i had my machines online, i would be losing 10$ per month mining ETC (after electricity bill) and winning around 15$ per month mining ETH.

No go. The question is: are so many people mining at loss ETH? Or is it that ASIC can still make some decent profit and they stay online after a massive 20% drop in price???

Sounds stupid, but I had seen peeps mining at a loss

Their reasons? I guess, Diff low, and HOPIng for a bull run   :D

My RX are still collecting dust, might be a month or two, have to bid farewell with them, just trying to see GPU price changes on a holiday season

Indeed dark days for GPU miners. I had to switch off my miners too, it just makes no sense to mine at loss if you could buy it directly for cheap. Problem is... I'm sitting on 28x rx580 8gb cards collecting dust. Makes absolutely no sense to run it but selling the rigs is nearly impossible even for cheap. Only option would be to sell each card solo but then again gamers don't care about rx580 and everybody hates mining cards. OR I wait a couple of months and maybe an opportunity for a new coin occurs but then again everybody would switch instantly to mine it so I think GPU mining is finally dead. In my area I would get 100 dollar if lucky, still see some ads been online for months trying to sell cards.

Prices are going to dump below the resistance of 160$, but ETH hashrate continues in the 190ish Mh/s. How mad is that??? or maybe ASIC still have enough profit to continue mining???

ETH devs, you deserve to go to hell ASAP. What a disaster for GPU miners.

I would think hashrate would have a delayed reaction to the price movement either way

They didn't just release it... it's been available for over a year

This is probably why ETH value has gone to the dumps. I've always been a strong supporter of ETH but they never deliver or follow through on their promised timelines. They said they would switch to POS very soon, three years ago. There seems to be little progress to make ETH really competitive on a global scale.

Theres always hope in the future ETH will rise again, but at this rate, it may be better to invest on other things for now.

I don't think its because of the ASICs why the price is suffering. Sure it might lead to some sell pressure but the block reward was already reduced twice and the miner revenue today is much smaller than in the past.

The issue is more related to the ICOs which still hold tons of ETH and they sell it on every rally. There are the bag-holders who bought at $1000 and are trying to sell for the smallest possible loss and there are ETH futures which can provide tons of shorting opportunies due to the huge liquidity they provide compared to the spot ETH markets.

Even when ETH finally goes POS it doesn't gaurantee it will return to the 4 digits. Keep in mind ETH was like $10 before the crazy 2017 rally and BTC was like $800. So its price today is still greater than BTC if you compare the ratios.

Another episode of "ETH hashrate going to the moon"!!

Just numbers.

15.000 GH/s have come to ETH in 24 hours. From 186.000 to 201.000GH/s. This are INSANE numbers. Crazy numbers. All nearly in the same day. Such a pump is very disturbing.

Since January, ETH has seen it's hashrate pump nearly 40%. 40%!!!!!!! from 145.000GH/s to 201.000GH/s

But, you may think this numbers are people that are switching coins right? Well HELL NO!!! almost all important coins have held steady their Hashrate the last 2 weeks, with little variations.

Consider also this: 4GB cards are having issues mining ETH. But!! the hashrate is still going up incredibly. There is something going on here.

Also, more data: according to HiveOS, 47% of all GPU mining there, are 4gb cards (580's 570's 480's and 470's). So eventually, the ETH hashrate should go down dramatically before December 2020.

More data: The biggest retailer here in Spain (i have an "spy" there)tells me that RX 580's are being sold incredibly well right now. Want a tip?

On monday:

100 580's XFX AMD Radeon RX 580 GTS XXX Edition 8GB were on sale at 176€ per card. They went out of stock on tuesday.
100 590's XFX AMD Radeon RX 590 FATBOY OC+ 8GB were on sale at 189€ per card. There are only 10 left on stock right now.
200 570's XFX AMD Radeon RX 570 RS 8GB XXX Edition 8GB were on sale at 144€ per card. There are 30 left on stock right now.
100 570's Asus ROG Strix Radeon RX 570 OC Gaming 8GB were on sale at 150€ per card. There are 40 left.
100 580's Sapphire Pulse Radeon RX 580 8GB were on sale at 180€ per card. Only 20 left .
100 5600XT XFX AMD Radeon RX 5600 XT 14Gbps 6GB GDDR6 THICC III Pro were on sale at 309€ per card. only 18 left. I've been told that a guy bought 60 of these.


Believe me, the list goes on and on. More than 300 GPU's have been sold on the Nvidia side, Most of them 1660super and Ti. ( The Ti can do 32Mh/s at a very efficient power consumption). Moreover, this are just the numbers of GPU sold on promotion. I don't know the amount of GPU sold on normal conditions since you cannot see the amount of initial cards that were on sale for the promotion.

My "spy" has told me that the amount of GPU sold have increased a whopping 400% this week. This are only numbers seen by the end of 2017 begining of 2018

Is the mining madness among us again??

two more things. In spain, electricity is very expensive with a lot of taxes. The average BEST PRICE you can get is 0,1€ per KW (0.12$ per KW).

with a 6gpu mining ETH at 186mh/s , 0,12$ per KW at current numbers you are making no more than 30$. Are people buying GPUs on economic crisis to get this ridiculous amount of money???

are some ASIC company actually mining ETH with their powerful mining hardware???

What's happening?






 

1 Radeon 5700 is equal in performance to 2 RX 580
The Radeon 5700 and RX580 have similar power consumption.
Why do miners buy old video cards?
If the hype ends and the ETH price goes down, mining on them will be unprofitable.

Your point is good but! you forgot something.

the RX 5700 is very difficult to get it right now. the price here in Spain is around 350€ (410$) for the cheapest one, the MSI Mech OC 5700 8gb. You can get a Sapphire RX 570 Nitro+ 8gb for around 100€ and get it to do 30Mh/s+.

Yeah, probably it's a better buy an Rx 5700 but also much more expensive initially.

i think the news of eth 2.0 being in final dev is driving this pump, plus with eth fees so hight its really profitable to mine again.  Asics are definitely on the rise too

Electricity is very cheap where I live but lately, mining ETH is getting really tough plus I think the difficulty will go through the roof once they release a proper date for 2.0 mainnet. If difficulty keeps rising like this then I think I would have to look for a new coin to mine.

Russia
GIGABYTE AMD Radeon RX 5700  357€  424$
https://www.citilink.ru/catalog/computers_and_notebooks/parts/videocards/1174218/

GIGABYTE AMD Radeon RX 570 8 GB  170€  203$
https://www.citilink.ru/catalog/computers_and_notebooks/parts/videocards/1378579/

If 578 were sold in Russia for 100 euros ...
For 100 euros you will buy with great effort 488, which has been used for 3 years in mining

Not everybody uses them to mine. i've seen many many RX 570 8gb for around 100€ on ebay+ shipping. i myself bought some a few months ago. I've seen Sapphire RX 570 nitro + 8gb for as low as 89€ sold on Ebay just 6 days ago.



you can buy them for new https://www.pccomponentes.com/xfx-amd-radeon-rx-570-rs-8gb-xxx-edition-8gb-gddr5 144€.

RIGHT NOW on ETH

- 262.000GH/s

- this increase in hashrate DOES NOT COME FROM OTHER COINS, it's mostly new hashrate being bought , activated or turned on again.

- in less than a month, 60.000gh/s have entered the network pools for ETH WHICH IS ABSOLUTE MADNESS.

- The increase in hashrate matches the mega big madness from January-February-March 2018.

- ETH hashrate has gone up 77% since January 2020.

This is just FUCKING INSANE.

Usually when this happens price also rises with it, lets see if this will translate to a price increase.

hasnt hash traditionally followed price and not price followed hash?

Yes, if we see eth from 230 to 480 usd, bull pattern. When we see 480 to 310 usd, bear pattern, and we still see the hashrate increasing even with a lower price that means price will likely follow next few days. The more hashrate, the more competition, less likely mined coins will be dumped, increasing the price.

The interesting thing, eth price is getting support faster than I thought it would be after a price crash like that and it shows there are not many sellers at that price range. That is very bullish. I guess at 700 plus will be the resistance, if eth bulls get through that then we might see 1000 usd again.

The price is not back at 400 usd yet because there are people who think bitcoin will still crash to 9600 again to fill that magical cme gap. That might have been filled already. Although is close to that price point, whales dont want to go to 500 usd and then back to 350 usd, so if that gap was not filled then it will be filled before it moves upwards. So there is a chance eth will still crash to 300 ~ 320 and bitcoin to 9600 and then we move to 12k bitcoin and 450 ~ 500 usd eth.

ETH is in transition to POS (ETH 2.0). If I understand correctly, some sort of hybrid POW/POS validation should be rolled out in next couple of months. And the question that floats in air - will there be ROI for newly acquired GPU-s?

Madness, pure madness.

Well seeing as most of them would roi in 100 days or less..sure.

Especially if you bought before prices went up. 

ETH has always been going POS...they have been saying a couple of months for YEARS....

Eth paid for the entire farm....now more than 2x....not worried at all.

Ofcourse it is a madness when used Radeon VII is going for $1400 on eBay. I am so tempted to sell but not sure if selling graphics card on eBay for 1500 is a good idea. Specially with 15% cut to eBay and then 30% for the tax.

Good call here. I added a lot of gear in the July to October timeline.

The issue with eBay is their return policy. Some buyer might buy your GPU, use it and mine for a few months, then the mining profits go down. And they open up a dispute saying "Not as described" and you will be forced to take it back and offer refund. Plus get negative feedback in the process.

Like a wise miner once said on Bitcointalk "The best time to sell gear on eBay is when you have the highest chances of getting screwed" I think it might of been phil who actually said that. Hence if you really want to sell, try facebook marketplace or Craiglist and only accept cash. Less headaches not having to worry about a paypal dispute.

I recently sold Six s9 hashboards on ebay.

Lets see how these sales work.

100 a board was the price.

this is what i call MADNESS.

People are just SO SO GREEDY, WTF.....  Mining is going to die once ETH goes PoS. There are 356TH of power that will have to look to mine anything, and there is no coin that will remain viable once all that hashrate floods the market. So why are people so dumb?? https://postimg.cc/XXjW49wv (https://postimg.cc/XXjW49wv)

I mean....wow. And it's going worse. The biggest retailer here in Spain has a section for Outlet, where they put all the products returned. that includes GPUs. One friend that works there has told me that there are at least 50 people with the F5 burning everyday to buy those cards. They last less than 1 minute online. I've seen it myself.

This feels really bad. And as time goes by, less profit for those that have been, like me, mining since 2017. This is terribly wrong. But i guess those real gamers that will want to get a high end GPU, only have to wait to end 2021 or maybe mid 2022 to see all those stupids selling for almost 50% off all the GPU they are buying, following prices of desperate people having to pay their own stupidity with the bank.

Jesus....

The thing is no one is stupid ‘yet’.

Eth is paying over 7.66 cents a mh.

Once it crashes they become stupid.

If they own the gear and mine for about 120 days they profit.
So this only needs to last to about July 1 to be smart.

Agree. That is why I decided to use it till mining is not a loss and then decide what is to be done. Hopefully till July this year. The cards are already paid off.

If I make a 60% profit on my 5700s that I bought when no one was buying them, what will I mine with  ???
I'll sell after February if things are the same.  I need that sweet, sweet heat.

it will be interesting to see how much of the hashrate were from asics once eth goes POS. There is a chance GPU mining might still be viable, but i wouldn't bet on it.

It's amazing, back there eth was just 200 usd, now is 1700 usd, bull market is really crazy, bear market is as crazy, soon everything will crash hard again just like in 2018. So my advice is to sell eth and dont look back, yeah it could keep increasing in price but for now it has a very high chance to crash to 200 usd again and then the bear market will start again. Do not assume eth or cryptcoins will go up forever or it will stay at the current price, crypto market has cycles and the bear cycle is almost upon us. Do not end up holding the bag, in 2018, coins crashed 95% or 20 times its all time high price.

Saw an article today about people in china buying laptop with 30 series GPUs and mining

https://videocardz.com/newz/chinese-gpu-miners-are-now-bulk-buying-geforce-rtx-30-laptops-to-mine-ethereum

Love the pictures of those laptops mining.

lol this isn’t even close to 2017 , we were close to 1 till market cap bCk then this more of a recovery after three years of bear market in crypto.  when eth doubles its ath or maybe even triples it then we will be in full time bull market mode

Well didnt expected this coming to happen  ;D ,yeah its more efficient on mobile mining, and plus they had battery in case power cut off, it will be expensive, but at current gpus market buying gaming laptop have similiar price with gpus dedicated, rtx 3060 is the peak point for efficiency on nvidia side.

But for miners profits on eth are reaching what they were in 2017

The new gear uses less power.
and Eth fees are stupid high .

over 90 %

I get 190.22% at via btc

so an Eth coin for me is like 1.9022 x 1639 =3117

hashrate is 369 th it was 156 in  dec 2017

coins were 1300 in 2017


2017.  2021
1300.  1639.   price
156.     369.    hash
 3.5        2.     watts per mh


125%.  192%  via btc payout

3.3.     3.1.    block size is almost equal due to fees

So we are getting closer to 2017

my lone nvidia 3070  makes over 6.60 a day
my lone nvidia 3060 makes over 6.60 a day
my 3 nvidia 3080 make over 29.00 a day
my lone 3090 makes over  12.25 a day

6 cards earn more than 54 a day

those are crazy numbers for six cards what?! is that after power?

60mh  200
60mh
275mh 700
115mh
510mh       they burn about 1400 watts right now that is say 35 kwatts.  my winter power with heat adjustment is 10 cents

so 510 x 11.15 =56.86 - 3.50 = 55.36 a day


they cost me

500
750
2500
2100
5850 so 105 days to pay off.

I have had the 3 x 3080's about 60 days
the 3060ti a month

the 3090 new
the 3070 new

eth network climbing every day with so much asic fueling the network, couple months from now, the profit will decreased faster than 2017 bull run

defi transaction give miner bonus fee, i hope new algo approach on new/old coin, before asic take over eth

With this ENORMOUS HASHRATE we can now say without a single doubt:

1º Once ETH goes PoS, there will be , at least, 450TH of hashing power searching for coins to mine, which will DESTROY any viable coin till that point. So the end of ETH is the END of mining. This is A FACT. Unless there is a coin that increases it's prices by x10 at least so that "difficulty vs profit" gives at least some money back. Or that appears a new ETH, which , BTW has not appeared in the last 5 years.

2º With this enormous hashrate, ETH devs are going to follow the EIP-1559 and will be implemented ASAP. Why? Because this ridiculous amount of hashrate leeds to MORE INFLATION, more coins, and more profit for miners. And only 1 or 2 DEVs supports mining to continue as it is. And ETH devs don't want this profit to this extent. So, miners are going to get destroyed very soon. Fees will be burnt, and DEVS are going to implement it. This is a FACT for me.

3º As this madness continues, DEVS are going to rush the implementation of PoS, so the end of mining, and i'm 100% sure that they are going to do it before 2022. Some were saying that by end of 2022 or even 2023. With the current situation of madness, and it's going to continue because PEOPLE ARE GREEDY AF, DEVS will have no option but to rush to implement PoS.

4º ASICS are taking ETH. I feel like there are more and more getting into the hashrate, and this is a disaster to all the comunity, because ASICS are the most profitable machines outthere, by far. And only very few people are getting them, and they are destroying the rest. My guess here? DEVS are not going to implement ANY kind a anti-ASICS code on the net, and so, this very rich-greedy guys are going to continue flooding the pool with very powerfull high-efficient machines that will force DEVS to end ETH mining FASTER.


It doesnt matter which vision you have on ETH. This are FACTS, and as time goes by, more and more people are entering this market, and you, ALL OF US, are going to get less and less and less. It's a F. disaster. This is pure greed and madness.

Everything you see is madness and greedy, I hope this crashes to the depths of hehell because there is too much bs around.

Interesting points but not quite FACTS as you put it.

1/ Yes, a good chunk will sell-up and not return (hopefully) and it will leave the rest.. I've been mining since 2 years before ETH came along and in '13-'15 there was PLENTY of coins to choose from that were all marginally profitable at the time.

2/ Possibly, More than 51% of the hashrate (pools) have opposed the EIP.. So it could well be interesting if they try to implement it. See https://stopeip1559.org/ (https://stopeip1559.org/)

3/ POS has been 'coming' since 3 months after ETH's birth in '15.. 6 years later.. Yep, it's still 'coming'.. Albeit closer.. but nonetheless still 'coming' .. My guess is minimum 2 years, likely 3-3.5 years away.

4/ I absolutely agree.. A couple days ago Vitalik said in an interview regarding POW he was looking at possibly inflating DAG size to 7.5GB (static) for rest of POW period.. This would wipe off ALL current ASICS and 6GB GPU's for that matter.. How serious he was I don't know I suppose we'll hear more in the coming weeks.

The DAG inflation has a massive opposition by both asics and gpu miners.  Almost half of all nvidia gpus mining eth are 6gb. It’d also kick out the most efficient gpus on the market (5600xt). Plus 1060s, p106-100, 1660, and 2060s. It also does nothing to address the most attractive asics as they are 8+gb already. All the new ones are 8+GB too, the ones that are 2+GH.  The result of that would be kicking out a significant portion of the gpu miner base and only further tilt the network towards asic control. The mere idea of it is absurd. Why would we kick out a massive number of gpu miners whose hash is likely higher than any small number of asics that will be EOL’d soon anyway with normal DAG size increases??

It also came to light that the proposer of that just announced a partnership with asic manufacturers so clearly massive conflict of interest. That proposal is dead on arrival and the majority of all miners would oppose it anyway.

every device mining eth right now, new asic, new gpus, laptop or even console gaming, gold rush mining became trending again after bitcoin & doge take hit wallstreet high profile and some artist

gladly many gpus already out of stock, and we need new algo coin before to late

Well we keep growing

https://etherscan.io/chart/hashrate

293 th Jan   1 2021
394 th Feb 12 2021

101th in 42 days

So if we keep ths pace


495th March 26 2021   42 days

596th May     7 2021    84 days


697th June  18  2021   126 days

Now what is interesting is for miners that the cents per mh is still over 10 cents
 
On via btc I am paid 200% of a block which means coins ar 2x the value for me as a miner

So miners are paid 0 fees but 3614 usd coins another way of understanding it.

 12 cents an mh is what the payout is.  vs 6 cents and .001 in fees.

An interesting thing is fee reduction could spur eth to an all time high price.

if btc at 49k is possible eth could be 2940 price.

that would match the 1200 to 20000 ratio of eth to btc index 2017.

I know one thing  100% in fees is too high.  getting paid at a 200% rate on viabtc is too high.

I still see a lot of hash rate growth 

we may move from 394th to 697th in 4 months time from now.

but do some math 394/697 x 12 cents = 6.78 cents which is still very good for cpu mining

1º there are NO COINS that can actually cope with 400TH of hashrate, and the ones the remain profitable right now will just get destroyed. I feel like discussing about this makes no sense because this is a fact. Many people will continue mining once ETH goes PoS. It will happen the same as when 4GB DAG file was reached and it was said, even by many big youtubers, that there would be a drop in hashrate of about 40%. Reality is that it was not even a 5% at most. Which means that people actually invested on more mining. This is just another way of living, and big investors and miners will continue doing it. 

It's evident that big farms will switch to other algos and remember, most hashing power is on mining Farms.

2º EIP is going to be implemented because , as you can imagen, ETH devs don't want hashrate to go to 500 or even 600TH of hashing power. Also remember that with big ASICS entering the market, a big big farm combined with others could potentially do a 51% attack. They know the risks of ASICS, and the best "easy" way of discouraging people from mining is actually implementing this EIP. I'm 100% it's going to happen, and it will happen before 6months.

3º PoS is already announced. You cannot compare. The amount of projects linked to ETH, the price, the hashrate, the implementation of ETH 2.0 is running as intended, and so you cannot say this is not going to happen soon because in the past (without this level of development) they couldn't complete their "timetable". PoS is happening, and we can bet if you want. My bet is end of 2021 , begining of 2022, at most. They are DETERMINED to do it on time, and they are going to rush it.

4º Vitalik is a well known ANTI-mining dev. His goal of ETH coins on the market was 100M. there are, at least, 114M right now, and the amount of coins generated everyday is at ATH. If there is a way to get rid of 20%/30% or even 40% of the mining hashrate, they will do it, because their main issue right now is INFLATION, directly related to mining. The more coins generated, the less value they will have. So they want to stop it ASAP. I feel like they are going to do it. For me, it would be nice if they "artificially inflate" the DAG to 6GB since all my cards are 8GB, so that would not affect me at all.

But, lets be clear. There are not so many cards mining ETH with 6GB cards. RTX 2060 were never meant to do that. IN fact, you could do that 30ish MH with just an RX 570 8GB. I don't think there are so many RTX 2060/1060/1660/super/ti and the like. If they were to inflate the DAG , they would do it until 8GB, although i can agree that they would have to study first which cards are mining because they could risk destroying a big part of the hashrate making it possible for big ASICS farms to do a 51% attack.

Anyway, the end is very near, and madness is just disgusting. here in Spain, i've been told that all the supply of RTX 3060ti that the biggest retailer was receiving next March has been sold to a guy with a mining farm. more than 1000 cards at a price of 600€ each.  And he also asked for all the RTX 3070/3080, but this operation was denied by the company. Supply of those cards is bound to happen in mid-end of March.

Where I live in December 2020 a 3060ti was sold for 520 usd, now in february 2021 is sold for 930 usd, 3070 for 1200 usd and 3080 for 1700 usd and 3090 for 2500 usd, insane. Good luck to whoever buys them cause as soon as this crashes which I think is not going to be far, too much bs already.

403 TH of hashrate. This is PURE MADNESS.

huge applause to those that bought GPUS at x2 retail prices and now they are eating a 25% drop in ETH prices, and probably even more, according to TA, which can go as low as 1000$, TOTALLY DESTROYING the previsions on ROI they have made.

YOU DESERVE IT, GREEDY GUYS!!!

Exactly well this been told but people dont listen.i have many friends around asked for mining he spent 2k for rig of 10gtx 1070 which was a bit expensive on that time 2018. because 10 gtx 1070 was giving like 6-9$ a day, he just mined 1 month and sold it for same price now again he comes to me and crying. what can i do if people are stupid. he wants buy now 4x 3070 for 1400$ each. i said i dont know do whatever you want now he is gone not talking to me.

Remember what i said trolls, "sell your mined coins at top, do not wait for eth 3k, just sell and be happy with the profit". There is a chance this is it, this is the exit, bullrun is over however i still think btc has a great chance to go to 79k and then yes gameover but this could be it, the end of the road and greedy hehe

Are they greedy for trying something out or are you greedy for not wanting them to buy something so you could buy it and profit yourself ?  ??? ??? ???

LOL!

If your a big miner sell short, limit your downside.  The market is still high and profits are still good, lock it in.  If the market recovers your mning can cover your short position.  I'm one month of  income hedged right now and will keep adding if things continue down.  I'll hedged two years worth of mning if things look bad.

meh price up, price down, dont care.  What matters is amount of BTC added to wallet when all is said and done.  Now fees are high, which is good.  More than compensates for price drop.

i will answer you, straight away.

To begin with, i've been mining since mid 2017. i did it at that moment without knowing it could get it's ATH in January 2018. I ate myselft all the bear season in 2018-2019 and part of 2020, mining with very little profit. I did it, first because i wanted this technology to succeed, and the first important thing to do on a PoW coin, is to mine to support it. Every year with my hashrate in bear market (like 90$ an ETH coin) i lost money that i had to put from my wallet. i hated myself for having entered this market and i was at a point of selling the hardware. Finally, thank god, i didn't do it.

Now, that prices are really high, greedy guys, probably like you come like flies to try to get the most profit out of it, once all the rest, the real FIGHTERS held the coin working and secure from 51% attacks with their hashrates. Now that all "old" miners, like me, did the HARD, THE TOUGH AND UNPROFITABLE WORK, there are GUYS THAT ARE TAKING THE PROFIT FROM US.

I will explain it to you as an example: Imagen that you have to prepare meal. You have to go to the supermarket, buy all the food, get home, prepare it, cook it, put it on the table, and then, suddenly some big amount of MOFOS that saw your food enter your house and begin eating your food like real scammers. Those greedy guys taking advantage of you.

We are not talking about "small" amounts of people. We are talking about x2,5 on total hashrate in 7 months, and at these speeds, there will be like 600TH EVEN BEFORE POS IS IMPLEMENTED.

Do you know WHY I KNOW THIS PEOPLE ENTERING NOW ARE GREEDY BAST*RDS?? Because they are investing on a thing that will likely go PoS by the end of the year, with a price cut on July of over 40% on Fees with the implementation of EIP-1559. And they still invest? Why? Because this people know NOTHING ABOUT THE COIN, WHATS GOING ON OR WHAT IS GONNA HAPPEN SOON. They just care about money as much as possible which is why they are greedy B*stards.


ETH hashrate is growing so fast, that devs have said they will rush the implementation on PoS because they need to DISCOURAGE PEOPLE FROM MINING, because the more coins are mined, the more coins will be in the market, the less valuable they will be just for a matter on the amount of circulating coins.


The ETH hashrate has more than doubled from August 2020 to now. And this movement is related specifically due to greed people eating MY EFFORT AND THE EFFORT OF THE REST OF THE PEOPLE THAT HAVE KEPT MINING DURING VERY HARD TIMES. Those greedy people have destroyed part of my effort, a well deserved profit for my months through tough times.

Hell yeah, can't agree more with you man...
But the sad thing is, you can't do sh** about it

On the other hand, look at this from the bright side, you can sell some portion of coins now when the price is high and greedy basta*** probably won't pay off their overpriced and overpayed gpu's which they purchased because of greed

So you answered his question... you're just one of the greedy people.

i deserve that profit for all the hard times. And probably you are just one of those greedy bastards aswell that have entered now the pools to get the profit that others helped to create.

man, shut your bitch ass up calling everyone a greedy bastard when infact youre the one whose mouth is full of white foam, spewing garbage about everyone talking about something you DESERVED, you dont deserve shit.
you started mining for money, you kept mining for money and when someone else started mining for money, youre the one who got greedy and i can safely say you are an ignorant infant with the way you think.
dont strain yourself, take care of your mental, peace.

the net hash holding back because massive silicon shortage in all cheap production make gpu & asic production pretty low and all gpu msrp already double up,

these happening are good luck for us as a miner, if production going full again surely massive nethash upward increase exponentially

A combination of factors made gpus msrp to rise 3 times, rtx 3070 in december was $670, now is sold where I live for 1500 usd.

514TH right now on ETH.

this is insanely fucking madness.