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Fanpant
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June 22, 2016, 04:16:00 PM |
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After the Ethereum DAO attack. I think it is quite risky to build more farms for mining the Ethereum. It is too risky.
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QuintLeo
Legendary
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Activity: 1498
Merit: 1030
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June 24, 2016, 07:20:22 AM |
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Ethereum has been risky for a while - especially if the recent rate of diff increase keeps going.
It's much less of a risk *IF* you were planning to buy the hardware anyway for another use, and it's no risk if you already have the hardware.
That's the ONLY 2 reasons I have an Ethereum farm at all - I've got OTHER uses for the hardware, or already had it on hand.
Your milage probably differs - not a lot of folks that rank in the top 200 on RC5-72 or top 600 on GIMPS or care to do so. 9-)
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I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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Paractor
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June 28, 2016, 12:34:07 PM |
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Ethereum has been risky for a while - especially if the recent rate of diff increase keeps going.
It's much less of a risk *IF* you were planning to buy the hardware anyway for another use, and it's no risk if you already have the hardware.
That's the ONLY 2 reasons I have an Ethereum farm at all - I've got OTHER uses for the hardware, or already had it on hand.
Your milage probably differs - not a lot of folks that rank in the top 200 on RC5-72 or top 600 on GIMPS or care to do so. 9-)
If the recent difficulty rise is caused by people using the exisiting hardware, that could be good. That means there are new miners. |
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nightandday
Full Member
Offline
Activity: 204
Merit: 137
SmileyGnome
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June 30, 2016, 02:51:28 PM |
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The Nexus Project has CPU and GPU mining channels... along with a variable proof of stake model and trust system for the network. 51% attacks are 100% impossible. https://bitcointalk.org/index.php?topic=657601.0 |
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QuintLeo
Legendary
Offline
Activity: 1498
Merit: 1030
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July 01, 2016, 12:18:40 AM |
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Ethereum has been risky for a while - especially if the recent rate of diff increase keeps going.
It's much less of a risk *IF* you were planning to buy the hardware anyway for another use, and it's no risk if you already have the hardware.
That's the ONLY 2 reasons I have an Ethereum farm at all - I've got OTHER uses for the hardware, or already had it on hand.
Your milage probably differs - not a lot of folks that rank in the top 200 on RC5-72 or top 600 on GIMPS or care to do so. 9-)
If the recent difficulty rise is caused by people using the exisiting hardware, that could be good. That means there are new miners. The difficulty rise seems to be more attributable to folks adding new rigs - but it's hard to tell for sure without a lot more information than is available. |
I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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BitcoinGirl.Club
Legendary
Offline
Activity: 2772
Merit: 2712
Farewell LEO: o_e_l_e_o
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July 05, 2016, 04:57:42 PM |
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Ethereum has been risky for a while - especially if the recent rate of diff increase keeps going.
It's much less of a risk *IF* you were planning to buy the hardware anyway for another use, and it's no risk if you already have the hardware.
That's the ONLY 2 reasons I have an Ethereum farm at all - I've got OTHER uses for the hardware, or already had it on hand.
Your milage probably differs - not a lot of folks that rank in the top 200 on RC5-72 or top 600 on GIMPS or care to do so. 9-)
If the recent difficulty rise is caused by people using the exisiting hardware, that could be good. That means there are new miners. The difficulty rise seems to be more attributable to folks adding new rigs - but it's hard to tell for sure without a lot more information than is available. Yesterday, the network hash rate was 4220GH/s, Two months ago, it was 2469 GH/s. one moth ago, it was 3298 GH/s. That is almost 31% rise per month. |
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Fanpant
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July 06, 2016, 11:01:42 AM |
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Ethereum has been risky for a while - especially if the recent rate of diff increase keeps going.
It's much less of a risk *IF* you were planning to buy the hardware anyway for another use, and it's no risk if you already have the hardware.
That's the ONLY 2 reasons I have an Ethereum farm at all - I've got OTHER uses for the hardware, or already had it on hand.
Your milage probably differs - not a lot of folks that rank in the top 200 on RC5-72 or top 600 on GIMPS or care to do so. 9-)
If the recent difficulty rise is caused by people using the exisiting hardware, that could be good. That means there are new miners. The difficulty rise seems to be more attributable to folks adding new rigs - but it's hard to tell for sure without a lot more information than is available. Yesterday, the network hash rate was 4220GH/s, Two months ago, it was 2469 GH/s. one moth ago, it was 3298 GH/s. That is almost 31% rise per month. The hashing rate is stilling rising now. The big miners are still adding new miners, this time it is the RX 480. |
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Paractor
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July 12, 2016, 08:09:08 AM |
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Ethereum has been risky for a while - especially if the recent rate of diff increase keeps going.
It's much less of a risk *IF* you were planning to buy the hardware anyway for another use, and it's no risk if you already have the hardware.
That's the ONLY 2 reasons I have an Ethereum farm at all - I've got OTHER uses for the hardware, or already had it on hand.
Your milage probably differs - not a lot of folks that rank in the top 200 on RC5-72 or top 600 on GIMPS or care to do so. 9-)
If the recent difficulty rise is caused by people using the exisiting hardware, that could be good. That means there are new miners. The difficulty rise seems to be more attributable to folks adding new rigs - but it's hard to tell for sure without a lot more information than is available. Yesterday, the network hash rate was 4220GH/s, Two months ago, it was 2469 GH/s. one moth ago, it was 3298 GH/s. That is almost 31% rise per month. The hashing rate is stilling rising now. The big miners are still adding new miners, this time it is the RX 480. The hashing rate is 4320 GH/s. that is another all time high. But the rate of increase has dropped a bit. |
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Fanpant
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July 15, 2016, 07:01:39 AM |
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The hashing rate is 4320 GH/s. that is another all time high. But the rate of increase has dropped a bit.
I believe the miners should think about the return of investment (ROI) before they add more mining rigs. |
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Paractor
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July 26, 2016, 08:06:26 PM |
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The ETC is the best to mine at the moment. It is actually 50% more profitable than the ETH. It changed a lot.
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Fanpant
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July 27, 2016, 07:13:05 PM |
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The ETC is the best to mine at the moment. It is actually 50% more profitable than the ETH. It changed a lot.
Not any more, the ETC price has dropped 40% in the last day. It is not more profitable to mine any more. |
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BitcoinGirl.Club
Legendary
Offline
Activity: 2772
Merit: 2712
Farewell LEO: o_e_l_e_o
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August 02, 2016, 03:51:17 PM |
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The ETC is the best to mine at the moment. It is actually 50% more profitable than the ETH. It changed a lot.
Not any more, the ETC price has dropped 40% in the last day. It is not more profitable to mine any more. The ETC is more profitable to mine now as the price has risen 35% in the last day. The price is so volatile. |
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Tamilson
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August 05, 2016, 12:27:42 PM |
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The ETC is the best to mine at the moment. It is actually 50% more profitable than the ETH. It changed a lot.
Not any more, the ETC price has dropped 40% in the last day. It is not more profitable to mine any more. The ETC is more profitable to mine now as the price has risen 35% in the last day. The price is so volatile. The ETC price has dropped 50% relative to the ETH price. So it is less profitable to mine now and it is volatile. |
Happy Coding Life  |
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ImHash
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August 05, 2016, 12:56:47 PM |
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at the end there will be millions of asic devices designed to mine any coins with any algo.
best opportunity for manufacturers.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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August 05, 2016, 12:57:27 PM |
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The ETC is the best to mine at the moment. It is actually 50% more profitable than the ETH. It changed a lot.
Not any more, the ETC price has dropped 40% in the last day. It is not more profitable to mine any more. The ETC is more profitable to mine now as the price has risen 35% in the last day. The price is so volatile. The ETC price has dropped 50% relative to the ETH price. So it is less profitable to mine now and it is volatile. still slightly more profitable than eth, and it's always better to mine the one were you can accumulate more easily more coins than the other, so i would mine etc |
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fred1992
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August 05, 2016, 01:22:46 PM |
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at the end there will be millions of asic devices designed to mine any coins with any algo.
best opportunity for manufacturers.
I have not heard that already there is a asic miner for Etherium. |
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Fanpant
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August 07, 2016, 09:59:31 AM |
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at the end there will be millions of asic devices designed to mine any coins with any algo.
best opportunity for manufacturers.
I have not heard that already there is a asic miner for Etherium. There will not be ASIC for the Ethereum. Ethereum will be POS some time next year. So it is not feasible to design ASIC for ETH. |
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Paractor
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August 09, 2016, 10:46:47 AM |
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at the end there will be millions of asic devices designed to mine any coins with any algo.
best opportunity for manufacturers.
I have not heard that already there is a asic miner for Etherium. There will not be ASIC for the Ethereum. Ethereum will be POS some time next year. So it is not feasible to design ASIC for ETH. Also the Ethereum POW mining algorithm uses a lot of memory, which is more expensive to implement in ASIC. |
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BitcoinGirl.Club
Legendary
Offline
Activity: 2772
Merit: 2712
Farewell LEO: o_e_l_e_o
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August 17, 2016, 02:08:04 PM |
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at the end there will be millions of asic devices designed to mine any coins with any algo.
best opportunity for manufacturers.
I have not heard that already there is a asic miner for Etherium. There will not be ASIC for the Ethereum. Ethereum will be POS some time next year. So it is not feasible to design ASIC for ETH. Also the Ethereum POW mining algorithm uses a lot of memory, which is more expensive to implement in ASIC. I do not believe that there is an Ethereum ASIC out there. The hashing rate rise is mainly caused by the GPU farms. |
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