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Author Topic: is it still worth mining ETH  (Read 509 times)
cryptoyes (OP)
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May 20, 2017, 10:24:27 PM
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I'm a new miner (please be kind!). Looking at the difficulty history (see here), since Nov it's been growing exponentially with a rather large exponent: ~1.65 times per month every month, a 65% increase per month.

How does that affect the monthly return for mining if I was to mine with, say, 150 MH/s for a year? For the sake of argument, let's assume the network hashrate won't change (if I understand correctly, the hashrate does not depend on difficulty)
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May 20, 2017, 10:49:47 PM
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Actually, I found the hashrate chart too, here. A double exponential fit on the curve since November, shows that the hashrate right now grows about 51% every month (that's a 1.5 multiplier every month).

More exactly, the prediction is HR(x) = 4282*(0.8287.^x)+1405*(1.5378.^x) where x is the month index since Nov. On June 20th (x=8), I expect the hashrate to be ~44900 GH/s.

According to this calculator, for a 50% monthly hashrate growth, the return on mining is getting minuscule. If I was to start mining right now at 150 MH/s and pay 0 electricity, I'd be mining about 3.56 ETH in the first month, and only 0.04 ETH in the 12th month ...

Is that accurate or am I missing something?
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