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Author Topic: Why is Ethereum actually the only cryptocurrency worth GPU mining?  (Read 12010 times)
wlefever
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July 13, 2016, 06:18:07 PM
 #121

I see an eth coin price rally coming.
If you feel a rally is coming it's better just to buy coins. Looking pretty grim right now though.
Reason why I am buying ETH and mining as well.

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July 13, 2016, 11:05:09 PM
 #122



The difficulty of the Ethereum mining is rising very fast. It means there are many farms, They could be unprofitable after the price drop.

The difficulty now is similar to 4 days ago. It seems the hashing rate rise is having a pause at the moment.

You can see that every time the DAG-file changes (every 1-2 weeks). All rigs need to download the new file then (1.5 GB) and some Rigs won't update automatically. So they need to get a little kick (deleting old files, downloading new ones, restart the miner software). The pool hashrate loses almost 20% for hours and of course, the difficulty is adjusting then.
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July 14, 2016, 07:52:16 AM
 #123



The difficulty of the Ethereum mining is rising very fast. It means there are many farms, They could be unprofitable after the price drop.

The difficulty now is similar to 4 days ago. It seems the hashing rate rise is having a pause at the moment.

You can see that every time the DAG-file changes (every 1-2 weeks). All rigs need to download the new file then (1.5 GB) and some Rigs won't update automatically. So they need to get a little kick (deleting old files, downloading new ones, restart the miner software). The pool hashrate loses almost 20% for hours and of course, the difficulty is adjusting then.

The 1.6 GB DAG file is not downloaded from the internet. It is generated locally and transferred to the GPU.

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July 29, 2016, 12:39:57 PM
 #124

The Ethereum is quite profitable to mine. I heard that many bitcoin users are buying the Ethereum now, so the price is high.
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July 30, 2016, 11:03:33 AM
 #125

The Ethereum is quite profitable to mine. I heard that many bitcoin users are buying the Ethereum now, so the price is high.

When the Ethereum price is high, people will mine it to make some profits. Miners will chase the most profitable coin.

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July 31, 2016, 01:01:25 PM
 #126

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

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August 01, 2016, 11:00:01 AM
 #127

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

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August 02, 2016, 06:49:25 AM
 #128

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

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August 10, 2016, 03:19:15 PM
 #129

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.
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August 11, 2016, 09:45:47 AM
 #130

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.

There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.

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August 12, 2016, 05:32:13 PM
 #131

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.

There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

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August 13, 2016, 12:43:32 PM
 #132

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.

There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

The combined difficulty or the hash rate of ETC+ETH has reached all time high. And there are shortages of 4x0 cards. So somebody is expanding fast.
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August 15, 2016, 04:25:02 PM
 #133

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.

There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

The combined difficulty or the hash rate of ETC+ETH has reached all time high. And there are shortages of 4x0 cards. So somebody is expanding fast.

I think the new miners are based in the cheap electricity prices. The electricity in West Europe and some parts of America is too expensive.

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September 01, 2016, 12:20:05 PM
 #134

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

The combined Ethereum has over 4850 GH/s. So that is an all time high. I do not under why miners invested so much.

There are several reasons. One is that the miners are very confident the the Etherum price will rise, and they have very cheap electricity price.

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

The combined difficulty or the hash rate of ETC+ETH has reached all time high. And there are shortages of 4x0 cards. So somebody is expanding fast.

I think the new miners are based in the cheap electricity prices. The electricity in West Europe and some parts of America is too expensive.

If the Ethereum difficulty rise another 20% and the price does not rise, I have to switch off my Eth mining.

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September 05, 2016, 07:14:30 AM
 #135

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.
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September 05, 2016, 07:39:12 AM
 #136

Right now XMR is very profitable. At some point is more profitable de ETH or ETC. Hoping that XMR will be MOONero, I think you can give it a try to mine XMR.

Good luck,
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September 05, 2016, 09:52:31 AM
 #137

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.

Yeah difficulty doubled in like 3 months and it goes down 5 % and everyone is saying its profitable again.


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September 06, 2016, 04:52:11 PM
 #138

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.

Yeah difficulty doubled in like 3 months and it goes down 5 % and everyone is saying its profitable again.

That is because Ethereum miner moved to mine the Monero. When the price of Monero drops, miners will move back and it become less profitable again.

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Technicrate
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September 11, 2016, 05:12:34 PM
 #139

My electricity is too high. If the difficulty rises another 50%, there will be no profit at all. So I will not expand.

The difficulty of the Ethereum has dropped a bit in the last few days. I think it will be more profitable to mine now.

Yeah difficulty doubled in like 3 months and it goes down 5 % and everyone is saying its profitable again.

That is because Ethereum miner moved to mine the Monero. When the price of Monero drops, miners will move back and it become less profitable again.

I think the miners are moving back and forth between the Monero, ETH or ETC. Especially the ETC and ETH.
Simpan
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September 20, 2016, 05:06:52 PM
 #140

Miners are also mining other profitable coins such as Feathercoin, Vertcoin, Siacoin and Decred, anything profitable.

Miners are mainly mining the Ethereum as that one has the biggest market cap and there are more buying.

The combined Ethereum has over 4500 GH/s. That is a huge amount of hashing. Hundreds of million are involved.

Today, even the ETH alone has a hash rate of 5700 GH/s. It seems the miners are very confident the price will rise.
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