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Title: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: VoskCoin on March 06, 2019, 02:42:41 AM Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings.
https://www.youtube.com/watch?v=8yXku-FpAno https://i.imgur.com/rXHt47K.jpg Unfortunately, Ethereum DID NOT implement ProgPoW which is a newer mining algorithm designed to put ASIC and GPU miners on a leveled playing field. Ethereum current mining algorithm is dominated by ASIC miners as well as FPGA miners -- and of course remaining GPU miners. Ethereum is the coin that really ushered in the mining gold rush of 2017 and early 2018. Ethereum is still considering ProgPoW which anything other than Ethash (current mining algorithm) would be a welcome change, most popular pools such as Ethermine are supporting this movement, so by simply mining on Ethermine you will signal your support for ProgPoW. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: yuzuak on March 06, 2019, 03:18:29 AM asic devices broke the balance, market has turned into bear market unfortunately.
Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: xxcsu on March 06, 2019, 04:20:48 AM Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings. 5 days after the Ethereum Constantinople Hard Fork, pretty much i still mining the same amount of ETH, what i mined before the hard fork ( GPU's, Few FPGA and 2x ASIC (E3) ) The "Thirdening" , the reduction in block mining reward by 33% is happened with the hard fork , but its also going to delay the difficulty bomb for a period of 12 months. Difficulty is changed -35% is the past few days, after the hard fork....( as of March-06-2019 ) https://beszeljukmeg.com/ETH02/ethdiffafterconst-1.JPG "Although lower rewards will make mining less profitable, this upgrade does not disincentivize miners as much as it could have. Constantinople actually delays a “difficulty bomb” that would have made mining much more system-intensive and harder to profit from. That “bomb” has now been delayed for twelve months, allowing many miners to continue enjoying profits." And be ready for the next change :) Ethereum Developers Prepare To Activate the next hard fork, Istanbul Shortly After The Successful Constantinople Hardfork. "This hardfork would most likely include some of the Constantinople EIPs. All the new proposals must be submitted before the end of May for review. While the full implementation will be in eight months, a soft implementation will be done in July to test Istanbul’s compatibility on the Ethereum blockchain. The testnet upgrade is also estimated to take place in August. By October, if everything goes to plan, the Istanbul hardfork will be ready for activation." After Istanbul, the team will start working on the implementation of Serenity and ProgPow. Serenity has been dubbed Ethereum 2.0 while ProgPow stands for Programmatic Proof-of-Work upgrade. After ProgPow is implemented, ASIC miners will have less control of the network and GPU miners will benefit more. Serenity is going to be the final upgrade. It will put Ethereum in the last phase. After Serenity, Ethereum would have successfully moved from the proof-of-work to the proof-of-stake consensus algorithm. Serenity will introduce Casper and Beacon on the Ethereum blockchain. PS: :) I have only two asic (E3) for ETH, what i noticed both of my ASIC hashrate is decreased by 10-15MH/s right after the Constantinople Hard Fork, GPU and FPGA miners hashing speed was not affected, all my ETH mining "toys" is mining on "ethermine.org" Anyone noticed something similar about decreased ASIC hashrates after the hard fork ?? Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: adaseb on March 06, 2019, 07:47:46 AM Yes the mining profitability went down a little. With my power costs I think I net a dime before and now it's like a nickel, per GPU.
It's a small change and I am still leaving the rigs powered off. What i hope is the ProgPOW to be implemented sometime in the next 6 months or so. Will keep my GPUs till then and see what the future brings. Who knows, maybe we will see $1000 ETH again. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: VoskCoin on March 06, 2019, 02:34:07 PM Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings. 5 days after the Ethereum Constantinople Hard Fork, pretty much i still mining the same amount of ETH, what i mined before the hard fork ( GPU's, Few FPGA and 2x ASIC (E3) ) The "Thirdening" , the reduction in block mining reward by 33% is happened with the hard fork , but its also going to delay the difficulty bomb for a period of 12 months. Difficulty is changed -35% is the past few days, after the hard fork....( as of March-06-2019 ) https://beszeljukmeg.com/ETH02/ethdiffafterconst-1.JPG "Although lower rewards will make mining less profitable, this upgrade does not disincentivize miners as much as it could have. Constantinople actually delays a “difficulty bomb” that would have made mining much more system-intensive and harder to profit from. That “bomb” has now been delayed for twelve months, allowing many miners to continue enjoying profits." And be ready for the next change :) Ethereum Developers Prepare To Activate the next hard fork, Istanbul Shortly After The Successful Constantinople Hardfork. "This hardfork would most likely include some of the Constantinople EIPs. All the new proposals must be submitted before the end of May for review. While the full implementation will be in eight months, a soft implementation will be done in July to test Istanbul’s compatibility on the Ethereum blockchain. The testnet upgrade is also estimated to take place in August. By October, if everything goes to plan, the Istanbul hardfork will be ready for activation." After Istanbul, the team will start working on the implementation of Serenity and ProgPow. Serenity has been dubbed Ethereum 2.0 while ProgPow stands for Programmatic Proof-of-Work upgrade. After ProgPow is implemented, ASIC miners will have less control of the network and GPU miners will benefit more. Serenity is going to be the final upgrade. It will put Ethereum in the last phase. After Serenity, Ethereum would have successfully moved from the proof-of-work to the proof-of-stake consensus algorithm. Serenity will introduce Casper and Beacon on the Ethereum blockchain. PS: :) I have only two asic (E3) for ETH, what i noticed both of my ASIC hashrate is decreased by 10-15MH/s right after the Constantinople Hard Fork, GPU and FPGA miners hashing speed was not affected, all my ETH mining "toys" is mining on "ethermine.org" Anyone noticed something similar about decreased ASIC hashrates after the hard fork ?? to clarify what I said/meant -- while diff dropped -- the overall "pie" of ETH earnings was significantly reduced (3 to 2) -- also comparing to an incorrect difficulty gives us a skewed result (makes it way easier for the general population of miners to accept this) if diff was proper, the impact would be more obvious Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: abstractHaze on March 06, 2019, 02:43:49 PM at will and whim, the developers can change and do as they please. mmmmm.......
Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: posi on March 06, 2019, 03:02:03 PM Unfortunately, Ethereum DID NOT implement ProgPoW which is a newer mining algorithm designed to put ASIC and GPU miners on a leveled playing field. Ethereum current mining algorithm is dominated by ASIC miners as well as FPGA miners -- and of course remaining GPU miners. Ethereum is the coin that really ushered in the mining gold rush of 2017 and early 2018. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: sxemini on March 06, 2019, 03:12:06 PM Average Block Time decreased by 5 sec from 20 down to 15 sec. This is quite much and with low diffi, i get the same amount of eth like before the fork.
https://etherscan.io/chart/blocktime Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: yuzuak on March 06, 2019, 03:29:47 PM There are 3 big bears. For the bull to come, Binance and bitmex leave, block asic devices in the gpu field, rebel against eth developers
Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: xxcsu on March 07, 2019, 04:09:16 AM Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings. 5 days after the Ethereum Constantinople Hard Fork, pretty much i still mining the same amount of ETH, what i mined before the hard fork ( GPU's, Few FPGA and 2x ASIC (E3) ) The "Thirdening" , the reduction in block mining reward by 33% is happened with the hard fork , but its also going to delay the difficulty bomb for a period of 12 months. Difficulty is changed -35% is the past few days, after the hard fork....( as of March-06-2019 ) Just to clarify what i said ;) A week after The hard fork, My ETH earnings did not reduced at all !!! (Mining ETH right now with around 2.8 GH/s) Your statement "ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings" is not correct! You concentrating on reduced reward, and not calculating the lower difficulty bc the hard fork, and totally left out the delayed difficulty bomb from your calculation :-) "Ethereum Difficulty Bomb: The Simple Explanation: The Ethereum Difficulty Bomb simply refers to a tool within Ethereum. This tool allows the core Ethereum developers to adjust how difficulty it is for a miner to win a reward. Miners win rewards each time they create a new block and add it to the blockchain. When the Ethereum Difficulty Bomb is set to "detonate", it will get exponentially difficult for miners to win rewards via mining. But why would the developers want this? Because eventually they will want miners to stop mining and start validating. Remember, Ethereum is set to transition from Proof of Work to Proof of Stake. There is no mining in Proof Of Stake. We will have validators instead." Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: VoskCoin on March 07, 2019, 03:21:52 PM Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings. 5 days after the Ethereum Constantinople Hard Fork, pretty much i still mining the same amount of ETH, what i mined before the hard fork ( GPU's, Few FPGA and 2x ASIC (E3) ) The "Thirdening" , the reduction in block mining reward by 33% is happened with the hard fork , but its also going to delay the difficulty bomb for a period of 12 months. Difficulty is changed -35% is the past few days, after the hard fork....( as of March-06-2019 ) Just to clarify what i said ;) A week after The hard fork, My ETH earnings did not reduced at all !!! (Mining ETH right now with around 2.8 GH/s) Your statement "ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings" is not correct! You concentrating on reduced reward, and not calculating the lower difficulty bc the hard fork, and totally left out the delayed difficulty bomb from your calculation :-) "Ethereum Difficulty Bomb: The Simple Explanation: The Ethereum Difficulty Bomb simply refers to a tool within Ethereum. This tool allows the core Ethereum developers to adjust how difficulty it is for a miner to win a reward. Miners win rewards each time they create a new block and add it to the blockchain. When the Ethereum Difficulty Bomb is set to "detonate", it will get exponentially difficult for miners to win rewards via mining. But why would the developers want this? Because eventually they will want miners to stop mining and start validating. Remember, Ethereum is set to transition from Proof of Work to Proof of Stake. There is no mining in Proof Of Stake. We will have validators instead." yeah I get that & inflated diff then made no sense. if ETH cant even get a HF like this straight for half a year, I can only imagine PoS hitting the fan lol see you in 2030 w/ that Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: VoskCoin on March 07, 2019, 03:23:22 PM Unfortunately, Ethereum DID NOT implement ProgPoW which is a newer mining algorithm designed to put ASIC and GPU miners on a leveled playing field. Ethereum current mining algorithm is dominated by ASIC miners as well as FPGA miners -- and of course remaining GPU miners. Ethereum is the coin that really ushered in the mining gold rush of 2017 and early 2018. overall sentiment towards ETH is reflecting in its price Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: VoskCoin on March 07, 2019, 03:24:02 PM Average Block Time decreased by 5 sec from 20 down to 15 sec. This is quite much and with low diffi, i get the same amount of eth like before the fork. https://etherscan.io/chart/blocktime 25% block time reduction vs 33% reward reduction ??? Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: VoskCoin on March 07, 2019, 03:24:22 PM There are 3 big bears. For the bull to come, Binance and bitmex leave, block asic devices in the gpu field, rebel against eth developers why must binance leave? Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: xxcsu on March 07, 2019, 03:31:38 PM if ETH cant even get a HF like this straight for half a year, I can only imagine PoS hitting the fan lol see you in 2030 w/ that You wasnt talking about 2030 in your original post ;) :D ;D Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings. 25% block time reduction vs 33% reward reduction ??? What about 33% reward reduction paired with -35% difficulty change ? ;D :D ;) Can you see from this 2 numbers why the miner earning didn't changed, or do you need future explanation ? You talking about 2030 ? :) Then edit your incorrect post :) to something like this : ;D "Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block, this going to reducing miner earnings by 2030 SIGNIFICANTLY . Till we get there is going to be a continuous difficulty change, as more miner joining ( or leaving ) the ETH network , and when the difficulty bomb going to explode, then my statement will be perfectly true, the ETH mining earnings will be SIGNIFICANTLY reduced" You right ... in the future, as more miners joining to mine ETH, the difficulty going to go up, then the miner rewards will be much less... Just like with all the others mineable coins :) but as you can see the miner rewards has been reduced, but at the same time the difficulty has been adjusted ;) to make sure miners are not leaving the network :) When the ETH network will be ready for POS, the difficulty bomb will be activated, that going to kill the mining for sure, because eventually the developers will want miners to stop mining and start validating :) Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: fanatic26_ on March 07, 2019, 05:09:21 PM Just to clarify what i said ;) A week after The hard fork, My ETH earnings did not reduced at all !!! (Mining ETH right now with around 2.8 GH/s) Your statement "ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings" is not correct! You concentrating on reduced reward, and not calculating the lower difficulty bc the hard fork, and totally left out the delayed difficulty bomb from your calculation :-) That title is there because Vosk sadly goes all in on clickbait titles for his videos and bitcointalk threads, yet the information is often sadly incomplete or missing very important details. My ETH rewards havent changed a bit either.....sadly this is just more misinformation all dolled up to look like its more than it is Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Notmetoo on March 07, 2019, 10:57:55 PM Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings. Hey VoskCoin, seems you are wrong about the lower rewards; it has been really well the same as before the fork. While you are correct that the rewards went from 3 to 2 coins per block, remember that the block time has also changed from 20 seconds down to 12 seconds. So unless you are mining just for one block and then turning off your gpu, the returns are the same. ie. 2/3 rewards x 20/12 time is approximately unchanged. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: swogerino on March 08, 2019, 02:06:06 PM I wonder why Ethereum mining isn't rewarding miners a bit more than it used to be. Many miners have moved to Grin or X16R algorithms which gives at least the same amount of daily income as eth mining does in Radeon cards, in Nvidia sometimes it is even better.
I don't think that forking of eth will have anything to do with gpu killing profitability. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: madnessteat on March 08, 2019, 03:15:36 PM At my RIG (2*GTX 1070 and 1* GTX 1070ti), since hard forks, the amount of ether extracted has changed from 0.2 ETH per month to 0.22 ETH. I assumed that it would be absolutely the opposite. Also, I cannot understand why the price of the ETH token has not yet risen, because in fact, when the reward decreases, the price of the token must grow.
Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: percy_tc on March 08, 2019, 04:32:47 PM At my RIG (2*GTX 1070 and 1* GTX 1070ti), since hard forks, the amount of ether extracted has changed from 0.2 ETH per month to 0.22 ETH. I assumed that it would be absolutely the opposite. Also, I cannot understand why the price of the ETH token has not yet risen, because in fact, when the reward decreases, the price of the token must grow. What TOKEN are you talkin' about?? ... jeees.. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: sxemini on March 14, 2019, 01:27:37 PM Average Block Time decreased by 5 sec from 20 down to 15 sec. This is quite much and with low diffi, i get the same amount of eth like before the fork. https://etherscan.io/chart/blocktime 25% block time reduction vs 33% reward reduction ??? LOL and lower diffi -35% ? Ok you ignore it XD 25% block reduction + 35% lower diffi versus 33% reward reduction, this is what you must compare. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: VoskCoin on March 15, 2019, 03:30:29 AM Average Block Time decreased by 5 sec from 20 down to 15 sec. This is quite much and with low diffi, i get the same amount of eth like before the fork. https://etherscan.io/chart/blocktime 25% block time reduction vs 33% reward reduction ??? LOL and lower diffi -35% ? Ok you ignore it XD 25% block reduction + 35% lower diffi versus 33% reward reduction, this is what you must compare. you're missing my point You are looking at simply earnings I see a smaller pie, regardless if you are getting the same sized piece of pie. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: xxcsu on March 15, 2019, 03:57:51 AM you're missing my point you and your pies .. write a reviews, blogs about some bakery product then ;DYou are looking at simply earnings I see a smaller pie, regardless if you are getting the same sized piece of pie. Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings. 2 weeks after the hard fork, With the same setup, Actually im making more "pies" than before the hard fork ;D, its mean my earning is slightly better than before the hard fork ;) All of us are mining for profit, for extra income, extra $ ... so i personally give a s..t about your pies, and keep mining ETH :) Its amazing how you can not accept the fact, you wrote a totally incorrect review , post or whatever you calling it ... Two weeks After the hard fork, im still getting the same amount of ETH, !!! Are you blind ? Missed some basic math classes when you was in elemntary school ? or what ? so what is your point exactly ? With the same hardware , If i mined 2ETH/week before the hard fork , how the hell i still can mine 2 eth/week two weeks after the hard fork ? if your statement is right ? Im sure you missed some basic math classes, in this case i would like to give you suggestion , watch this movie a few times: "Billy Madison"" (with Adam Sandler) and consider the same thing what he did in that movie for his future ;) if you decide to do what ""Billy Madison" done in that movie , record everything, make a movie from it, and post it on your youtube blog :) All of us going to enjoy that ;) Name the movie to something like this : "Oops Billy Madison did it again 24 years later" ;D Also if you say that's not true, then you are being misled by the diff bomb that should not have been going off within ETH in the first place. Are you part of the ETH dev team ? Trying to tell the dev team how to process the hard fork ? Where you get this information : "the diff bomb that should not have been going off within ETH"Simple as that :o The miner rewards has been reduced, and at the same time the difficulty has been adjusted and the diff bomb has been delayed by the developers :) Do you have any problem with this ? ;D For me its still not clear do you understand or not what is the different between adjusted difficulty , and delayed difficulty bomb ... Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: sxemini on March 15, 2019, 09:02:35 AM Average Block Time decreased by 5 sec from 20 down to 15 sec. This is quite much and with low diffi, i get the same amount of eth like before the fork. https://etherscan.io/chart/blocktime 25% block time reduction vs 33% reward reduction ??? LOL and lower diffi -35% ? Ok you ignore it XD 25% block reduction + 35% lower diffi versus 33% reward reduction, this is what you must compare. you're missing my point You are looking at simply earnings I see a smaller pie, regardless if you are getting the same sized piece of pie. I've actually kept a lot of you vosk. Unfortunately that is over. you are ignorant and incorrigible. You say i looking at simply earnings? Stupid answer, i check much factors, i see lower block time that you haven´t seen, i see lower diffi that you haven´t seen. You only look at the block reward reduction, this is your argument, nothing more. Yes it is a smaller pie, but you get more pies in the same time as before and you find it easier. I get now 0.3 eth in 1 week with my eth rig, before the fork i get 0.25 eth in 1 week. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Indamuck on March 15, 2019, 12:54:36 PM Average Block Time decreased by 5 sec from 20 down to 15 sec. This is quite much and with low diffi, i get the same amount of eth like before the fork. https://etherscan.io/chart/blocktime 25% block time reduction vs 33% reward reduction ??? LOL and lower diffi -35% ? Ok you ignore it XD 25% block reduction + 35% lower diffi versus 33% reward reduction, this is what you must compare. you're missing my point You are looking at simply earnings I see a smaller pie, regardless if you are getting the same sized piece of pie. Well most people think the lower inflation rate will raise the price of ethereum very quickly and will give more profit to everyone. Whether or not the difficult will jump at the same rate as the price rises giving the same profitability remains to be seen. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: corrado25 on April 03, 2019, 12:19:27 PM asic devices broke the balance, market has turned into bear market unfortunately. I do not agree with the statement that the fall in the crypto market is somehow associated with ASIC.The market can not grow forever or fall forever. There is always a drop and growth. That the reward for extraction ETH will diminish I think on the contrary has a positive effect on the price. This will make ETH more valuable. We only just wait for the bull marketTitle: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Metroid on April 03, 2019, 01:20:30 PM asic devices broke the balance, market has turned into bear market unfortunately. I do not agree with the statement that the fall in the crypto market is somehow associated with ASIC.The market can not grow forever or fall forever. There is always a drop and growth. That the reward for extraction ETH will diminish I think on the contrary has a positive effect on the price. This will make ETH more valuable. We only just wait for the bull marketIf you don't then you fail at economics, why would somebody pay for something that suddenly became 10 times easier to mine than to buy. Asics over time do not do that, for example bitcoin, litecoin, introduction to asics on any new coin does that, for example eth,xmr and that is related to the whole market. For example, you were paying $1400 for 1 eth then because of hidden asics it became 10 times easier for those miners to mine eth, would you still be paying $1400 for 1 eth or would you prefer to pay $140 for 1 eth? If you were an investor def would want $140 but things dont get that way that fast, it takes time, now as eth issuance is lower and lower, eth at this price is a steal, not even asics are making as much as they were and since another fork is coming and that will make them useless for eth, expect eth price to jump 10 to 50 times in the next few months, that is economics to you too, harder to mine, bull market incoming, few will be selling their eth. That is the same reason we can say why people never bought btc for $3000 and now at $5000, they are buying like crazy and as btc rises to 10k more people will be buying like crazy, is that stupid? maybe but that is how most people do, they never buy when it crashes, they start buying after 20% increase or so of a coin, is that stupid? maybe but that is how they profit in this stupid market. The same thing can be said when bitcoin crashes, if bitcoin keeps this price then it will only rise because people have a positive outlook of it, if it crashes to 4000 usd then people will say that bitcoin might crash to 3000 usd or so and they will not buy it, see the point. Yes, it is stupid but that is how things have been as long as i can remember. The same thing can be said when people were buying thousands of bitcoin daily when it was $20k and the same people were not buying when bitcoin was $3200. How stupid was that? very. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: CLywaTeLb on April 04, 2019, 05:33:56 PM You are talking about medium-term trading. Besides the psychology of people, there is risk/profit. While the price is falling, buying is stupid, since it is not known when stop of fall. When the price has risen, it is foolish to buy, since after the rise a dump will follow. ;D
But you are right with the trend. Now it is beneficial for miners to save their ETH. If they be able to survive at this time ;). Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Docice on April 05, 2019, 06:38:41 AM I would say that buying coins at the peak of their price is just as silly as switching from one coin to another just because it is in the top mining calculator. You decided to invest these money in one or another currency, you need to analyze the market and buy it only when there is a growth trend and sell when the reverse trend. On some exchanges there is a cool chip "Stop Loss". Why am I, whoever never comes to the pump and does not sell on the dump, always need to fix earnings or loss and not wait for future turns of fate. Unfortunately now it is difficult to say, we will see eth growth in the near future due to lower rewards for the block for miners. My personal opinion is not.
Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Metroid on April 05, 2019, 10:10:19 AM growth trend and sell when the reverse trend By the time you see or wait this growth trend you will not want to buy anymore cause it will be already a lot more than it was few minutes ago hehe, in my opinion you have to buy using your own judgment and good luck. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Xazax310 on April 05, 2019, 12:46:31 PM Now after about 1+ month of the block reward reduction, It's clear to see that ETH mining is about the least profitable option out of all coins. If you're a Nvidia miner, mining Ethereum makes zero sense. If you're an AMD miner... well you're just fucked. Only two profitable options are XMR and ETH. Seeing as XMR just HF and lowered there Diff I can image a decent few jumped over to XMR.
My 13 AMD RX580 rig, well optimized for Ethereum. Netted 412~mh/s for 1750w~ (total power consumption) https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=412&p=1700&fee=1.0&cost=0.09&hcost=0.0&commit=Calculate Putting into WTT only looking at $900 a year in profit. That's bad, I mean that with a diff drop and fairly good price increase. There is no way to ROI a GPU rig on Ethereum, even If I kept these I bought last year(which mind you, I paid more for). Ethereum price would have to increase substantially like last year, all the while you're HODLing your coins, to make back your money + some. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Docice on April 05, 2019, 03:26:04 PM growth trend and sell when the reverse trend By the time you see or wait this growth trend you will not want to buy anymore cause it will be already a lot more than it was few minutes ago hehe, in my opinion you have to buy using your own judgment and good luck. If you are ready to invest real money, in a cryptocurrency, probably in a specific coin, it is necessary to analyze the market as a whole, as well as evaluate the potential of a particular coin. I want to note that the cryptocurrency market is unpredictable and predictable if it is the goal to get earning and not how to invest thoughtlessly, then the likelihood of earning is high. ;) Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: WhyMe on April 05, 2019, 06:24:27 PM Now after about 1+ month of the block reward reduction, It's clear to see that ETH mining is about the least profitable option out of all coins. If you're a Nvidia miner, mining Ethereum makes zero sense. If you're an AMD miner... well you're just fucked. Only two profitable options are XMR and ETH. Seeing as XMR just HF and lowered there Diff I can image a decent few jumped over to XMR. My 13 AMD RX580 rig, well optimized for Ethereum. Netted 412~mh/s for 1750w~ (total power consumption) https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=412&p=1700&fee=1.0&cost=0.09&hcost=0.0&commit=Calculate Putting into WTT only looking at $900 a year in profit. That's bad, I mean that with a diff drop and fairly good price increase. There is no way to ROI a GPU rig on Ethereum, even If I kept these I bought last year(which mind you, I paid more for). Ethereum price would have to increase substantially like last year, all the while you're HODLing your coins, to make back your money + some. Thankfully not ! Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: CryptoKush on April 06, 2019, 12:07:04 AM My friend continues to mine Ethereum and says he is not going to stop. Although now the profitability of mining of the Ethereum is not high, but I think that in the future. Ethereum can greatly increase in price and then you can get a lot of profit.
Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: xxcsu on April 06, 2019, 05:35:25 AM Putting into WTT only looking at $900 a year in profit. That's bad, I mean that with a diff drop and fairly good price increase. There is no way to ROI a GPU rig on Ethereum, even If I kept these I bought last year(which mind you, I paid more for). Ethereum price would have to increase substantially like last year, all the while you're HODLing your coins, to make back your money + some. Its mean mining is not profitable for you, but thousand of ppl got the mining rig when the rx480/580 gpu's was around 200$, 2-3 years ago, and not just jumped into the mining when the those gpu prices was around 400-500-600-800$. You jumped back into mining and wanted to get rich fast maybe? making a lot of extra $'s within a short period of time ? :), but you realized by now, this is not how things happened , and coming back to this forum and crying like a baby ;) Im pretty much happy if/when my own mining rigs generating "only $900 a year in profit", thank god i have a few of those rigs :) and yeah ... i wasnt that stupid buying gpus when the price was doubled and tripled over manufacturer suggested retail price (MSRP) ;D If you paid a hefty price for your gpu's, you made a mistake , just like many other ppl :( Mining is definitely not profitable if you building your rigs now, or built when the parts price was crazy high. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: starkovblue on April 06, 2019, 11:42:36 AM My friend continues to mine Ethereum and says he is not going to stop. Although now the profitability of mining of the Ethereum is not high, but I think that in the future. Ethereum can greatly increase in price and then you can get a lot of profit. There are projects like ravencoin that give greater profit and grow in price more than the eth, team changes in core mining will not affect those who mine eth only for money profit. The network must be changed because, sooner or later, with increasing complexity, the network will have to be protected from an 51% attack. Title: Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability Post by: Dennicex on April 06, 2019, 03:03:41 PM My friend continues to mine Ethereum and says he is not going to stop. Although now the profitability of mining of the Ethereum is not high, but I think that in the future. Ethereum can greatly increase in price and then you can get a lot of profit. There are projects like ravencoin that give greater profit and grow in price more than the eth, team changes in core mining will not affect those who mine eth only for money profit. The network must be changed because, sooner or later, with increasing complexity, the network will have to be protected from an 51% attack. |
