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1  Alternate cryptocurrencies / Mining (Altcoins) / Re: For ETH mining, is ETH price the only factor affecting performance with time?? on: July 06, 2021, 01:49:46 PM
My 2 cents, if everything stayed the same as it is now, network hash, difficulty, price of eth, then yes, overtime the income will reduce. The DAG will increase, taking up more ram, and I believe this causes GPUs hashrate to decrease. When I first got in the game a 1070 could do around 30-32 MH/s all day. Now, with same settings, I am lucky to get 26-28 MH/s.

But since there is no way to tell, and it's more than likely that network hash, difficulty, price, etc will change, then there is no way to really know if mining income will reduce.

Example:

Let's say 2 years from now a 1070 only gets 24 MH/s BUT eth price is $10k and the network hash and difficulty are relatively the same. That 1070 would make more money at a lower hashrate because the price of eth is $10k

Like most things, it can be a gamble, but some gambles pay off and some do not. Gamble within your means, educate yourself on algos and gpus, stay on top of crypto markets and news, and make a decision based on what you want to achieve.

Lastly, shooters shoot...

Sorry for being so newbie, but what DAG means??
2  Alternate cryptocurrencies / Altcoin Discussion / Re: I made a Stupid newibie mistake and maybe i lose my SHIB (Help) on: July 06, 2021, 02:19:19 AM
First of all, I had already configured the "smart chain" in my wallet even before my mistake, so my wallet already had a BNB account and some BNB-based coins.

What I do was check the transaction in BSCScan and then copy the contract of the coin that was moved (this was suggested on a document of binance academy previously shared in this thread).

It takes me time to discover that the contract of that coin was different than the contract offered by SHIB. I had already tried to place the SHIB contract in my "Smart Chain wallet - Add new Coin" option, but the coin was not found (which is logical since the original contract is ETH based).

When I put the contract of the coin that I get form the BSCScan website in my "smart Chain" wallet, then something like a SHIB version for BNB just showed up. I add it and my almost 7 million SHIB was there.

Of course, my SHIB is now on a BNB wallet, in order to claim them or do something I need to move to a ETH based wallet, but they are there... safe...

This is my explanation of what happened, I have probably misused some terminology due to my ignorance on the subject.
3  Alternate cryptocurrencies / Mining (Altcoins) / For ETH mining, is ETH price the only factor affecting performance with time?? on: July 06, 2021, 01:11:57 AM
Hi, I am totally new to the Cryptocurrency world, I just bought some altcoins and trying to learn more about this. Recently some friends bought a 3080 card in order to mine ETH and the business is running pretty well for them.

Sadly they don't want to hear the details of this business, as I told them that as I know the mining incoming reduces with time... they just get angry with me... i hate people who don't want to learn every detail of what they are doing, but anyway; this is another issue.

Now I am also considering to mine with GPU, I understand the electricity cost is an issue and that mining incoming is reducing with time, but my question is: did the incoming reduce just because of the coin price reduction?? OR also each time is more difficult to mine because hashes are more and more scarce?

Edit: I ask for ETH, but I think the question and reply applied to any other coin.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: I made a Stupid newibie mistake and maybe i lose my SHIB (Help) on: July 04, 2021, 07:20:37 PM
Thank you again for your support guys, and yes, I just learn a valuable lesson here.

I am just new in the amazing world and I want to learn as much as possible about it, so I will try to keep myself active on the forum.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: I made a Stupid newibie mistake and maybe i lose my SHIB (Help) on: July 04, 2021, 03:20:03 PM
I actually get the SHIB on my BSC accout  Cheesy Cheesy Cheesy Cheesy
6  Alternate cryptocurrencies / Altcoin Discussion / Re: I made a Stupid newibie mistake and maybe i lose my SHIB (Help) on: July 04, 2021, 02:54:48 PM
Thank you so much for your feedback guys.

So glad the SHIB isn't lose.

I am still working on it, looks like simple steps for those who understand about this but for me everything is so new.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: I made a Stupid newibie mistake and maybe i lose my SHIB (Help) on: July 04, 2021, 01:35:06 PM
Unfortunately you sent your SHIB from binance (custodial wallet).
Depositing to the wrong blockchain in your Binance account, another crypto exchange, or custodial wallet is more tricky to resolve. In this case, contact your wallet’s support team to see if they can help.

Only binance support can help you even if the chances are few because the numbers are too small (imo).

Thank you for your feedback

When they said "contact your wallet's support team..." they mean the binance team or the Metamask (the wallet i actually send the SHIB) team??
8  Alternate cryptocurrencies / Altcoin Discussion / I made a Stupid newibie mistake and maybe i lose my SHIB (Help) on: July 04, 2021, 01:03:56 PM
I just heard that SHIB gives some rewards to hold but my about 60USD SHIB was in Binance where I get no rewards, so I just decide to move it to my metamask.

The problem is that I move my SHIB from binance to metamask by using the wrong network, I used BEP20 insted of ETH network.

I just lose my SHIB??

Is there something that I can do??
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