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Author Topic: Coins earned per month, big drop  (Read 1588 times)
Brucelats
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July 31, 2017, 08:58:13 PM
 #1

What happened in past day or two? My average hashrate is same, even a bit higher then before and my Eth earned per month droped by 0.4. I used to get around 5.1 and now is 4.7 in 1 or 2 day. Anyone know why?

Also do they plan to fix ice age as pos is quite postponed?

Cheers!

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July 31, 2017, 10:30:22 PM
 #2

Look up network difficulty. It will answer your questions as to why your income fluctuates.

Stop buying industrial miners, running them at home, and then complaining about the noise.
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July 31, 2017, 10:41:41 PM
 #3

True. I often watch it just this was huge difference, biggest diff jump all of a sudden so not sure rly what was the cause. What's up with ice age?

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August 01, 2017, 12:10:49 AM
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There was a big increase of difficulty after 4100000 block.
Because of ice age, you would see again every next 200k blocks.

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August 01, 2017, 12:38:38 AM
 #5

What happened in past day or two? My average hashrate is same, even a bit higher then before and my Eth earned per month droped by 0.3. I used to get around 5.2 and now is 4.9 in 1 or 2 day. Anyone know why?

Also do they plan to fix ice age as pos is quite postponed?

Cheers!

you think  a drop from 5.2 to 4.9 is huge?

you have much to learn.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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August 01, 2017, 03:15:16 AM
 #6

What happened in past day or two? My average hashrate is same, even a bit higher then before and my Eth earned per month droped by 0.3. I used to get around 5.2 and now is 4.9 in 1 or 2 day. Anyone know why?

Also do they plan to fix ice age as pos is quite postponed?

Cheers!

you think  a drop from 5.2 to 4.9 is huge?

you have much to learn.

What Phil said. In a month you will be lucky to still be making even half of that. In two months you will be doing good making 1 ETH/month.

Also a few dollar rise in ETH is not going to compensate much, if at all. If you mined 5 ETH/month at $200 you made roughly $1,000/mo. So unless ETH is at $1,000 in two months, you will be losing even more.
philipma1957
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August 01, 2017, 03:24:41 AM
 #7

What happened in past day or two? My average hashrate is same, even a bit higher then before and my Eth earned per month droped by 0.3. I used to get around 5.2 and now is 4.9 in 1 or 2 day. Anyone know why?

Also do they plan to fix ice age as pos is quite postponed?

Cheers!

you think  a drop from 5.2 to 4.9 is huge?

you have much to learn.

What Phil said. In a month you will be lucky to still be making even half of that. In two months you will be doing good making 1 ETH/month.

Also a few dollar rise in ETH is not going to compensate much, if at all. If you mined 5 ETH/month at $200 you made roughly $1,000/mo. So unless ETH is at $1,000 in two months, you will be losing even more.

Assuming he really is new  and has only mined this year  is like being a Chicago Cubs fan  that first started to follow the Cubs in the year 2016.

Or  like being a New York Mets fan that started following the Met in 1969.

To the op  this year has been godlike devine amazing spectacular for mining ETH.
It will lower to 5-15%  yearly profits.  Vs the 100 % profits made the first 7 months of 2017.

What do I mean if you earn 1000 usd a month now and pay 150 in power netting 850 after cost

 it will change for the worse  maybe 800 and 150 in power by August 31st.
then 650 and 150 in power by Sept 30th

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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August 01, 2017, 03:45:07 AM
 #8

What happened in past day or two? My average hashrate is same, even a bit higher then before and my Eth earned per month droped by 0.3. I used to get around 5.2 and now is 4.9 in 1 or 2 day. Anyone know why?

Also do they plan to fix ice age as pos is quite postponed?

Cheers!

you think  a drop from 5.2 to 4.9 is huge?

you have much to learn.

What Phil said. In a month you will be lucky to still be making even half of that. In two months you will be doing good making 1 ETH/month.

Also a few dollar rise in ETH is not going to compensate much, if at all. If you mined 5 ETH/month at $200 you made roughly $1,000/mo. So unless ETH is at $1,000 in two months, you will be losing even more.

Assuming he really is new  and has only mined this year  is like being a Chicago Cubs fan  that first started to follow the Cubs in the year 2016.

Or  like being a New York Mets fan that started following the Met in 1969.

To the op  this year has been godlike devine amazing spectacular for mining ETH.
It will lower to 5-15%  yearly profits.  Vs the 100 % profits made the first 7 months of 2017.

What do I mean if you earn 1000 usd a month now and pay 150 in power netting 850 after cost

 it will change for the worse  maybe 800 and 150 in power by August 31st.
then 650 and 150 in power by Sept 30th



Yep, I remember mining ETH back in fall of 2015 and was making only 2:1 in profits and considered that good. This means if I was making $300/mo in income, my electrical cost was $150, or in other words only netting $150 per month after costs. Of course this didn't even consider things like ROI as I was using equipment I had leftover from back in the scrypt mining days.

The true profit came by holding on those coins, but what is different is that was on the front edge of the run-up in price, now we are on the back end. So we will never return to those days as far as potential with Ethereum and plenty of people already have thought about their "backup" plan to switch to another coins, so it is doubtful any of the up and coming alts will see future performance like Ethereum did.

The last time mining profit was even close to this was the scrypt (Litecoin/Dogecoin) profits back in 2013 and very early 2014. Since then there was a three year drought of low to no earnings and at times even I turned off my rigs completely, at least the ones I kept and didn't sell.

Point in all this is you better start getting comfortable with only making 2:1 profits and probably less for a period of time and forgetting about anything less than at least 2 year ROIs on any new hardware you buy. The good times for mining are going to take this winter off and maybe take an extended vacation throughout the summer of 2018. So unless you are really in this for the long haul, just get used to watching that difficulty number climb each day and your profits shrink.
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August 01, 2017, 04:10:47 AM
 #9

What happened in past day or two? My average hashrate is same, even a bit higher then before and my Eth earned per month droped by 0.3. I used to get around 5.2 and now is 4.9 in 1 or 2 day. Anyone know why?

Also do they plan to fix ice age as pos is quite postponed?

Cheers!

you think  a drop from 5.2 to 4.9 is huge?

you have much to learn.

What Phil said. In a month you will be lucky to still be making even half of that. In two months you will be doing good making 1 ETH/month.

Also a few dollar rise in ETH is not going to compensate much, if at all. If you mined 5 ETH/month at $200 you made roughly $1,000/mo. So unless ETH is at $1,000 in two months, you will be losing even more.

Assuming he really is new  and has only mined this year  is like being a Chicago Cubs fan  that first started to follow the Cubs in the year 2016.

Or  like being a New York Mets fan that started following the Met in 1969.

To the op  this year has been godlike devine amazing spectacular for mining ETH.
It will lower to 5-15%  yearly profits.  Vs the 100 % profits made the first 7 months of 2017.

What do I mean if you earn 1000 usd a month now and pay 150 in power netting 850 after cost

 it will change for the worse  maybe 800 and 150 in power by August 31st.
then 650 and 150 in power by Sept 30th



Yep, I remember mining ETH back in fall of 2015 and was making only 2:1 in profits and considered that good. This means if I was making $300/mo in income, my electrical cost was $150, or in other words only netting $150 per month after costs. Of course this didn't even consider things like ROI as I was using equipment I had leftover from back in the scrypt mining days.

The true profit came by holding on those coins, but what is different is that was on the front edge of the run-up in price, now we are on the back end. So we will never return to those days as far as potential with Ethereum and plenty of people already have thought about their "backup" plan to switch to another coins, so it is doubtful any of the up and coming alts will see future performance like Ethereum did.

The last time mining profit was even close to this was the scrypt (Litecoin/Dogecoin) profits back in 2013 and very early 2014. Since then there was a three year drought of low to no earnings and at times even I turned off my rigs completely, at least the ones I kept and didn't sell.

Point in all this is you better start getting comfortable with only making 2:1 profits and probably less for a period of time and forgetting about anything less than at least 2 year ROIs on any new hardware you buy. The good times for mining are going to take this winter off and maybe take an extended vacation throughout the summer of 2018. So unless you are really in this for the long haul, just get used to watching that difficulty number climb each day and your profits shrink.



This is why I sold all cards off when coins were smoking hot.


I then purchased some 1080 ti's. They are the most efficient card when under volted.

So since I did not purchase as ,many ti's as the cards I sold.  Roi is not an issue,

And earning 3 dollars a card is fine.  They were up to 9 at the peak.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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August 01, 2017, 08:48:43 AM
 #10

I know im fairly new and that diff is rising a lot and also that ice age is present but, didnt they said smth about delaying ice age as pos is delayed also?

Also, i made rigs more like a hobbie and to get deeper i to cryptos. I have other cash incomes and i understand profitability will be lower and lower but just wanted to know what happened.

I started 2 months ago.

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August 01, 2017, 09:05:31 AM
 #11

I know im fairly new and that diff is rising a lot and also that ice age is present but, didnt they said smth about delaying ice age as pos is delayed also?

Also, i made rigs more like a hobbie and to get deeper i to cryptos. I have other cash incomes and i understand profitability will be lower and lower but just wanted to know what happened.

I started 2 months ago.

They will delay ice age but at the same time reduce the ETH block rewards...

Basically they don't like miners which keep selling ETH and lowering the price of ETH.

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Brucelats
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August 01, 2017, 10:03:34 AM
 #12

I know im fairly new and that diff is rising a lot and also that ice age is present but, didnt they said smth about delaying ice age as pos is delayed also?


Also, i made rigs more like a hobbie and to get deeper i to cryptos. I have other cash incomes and i understand profitability will be lower and lower but just wanted to know what happened.

I started 2 months ago.

They will delay ice age but at the same time reduce the ETH block rewards...

Basically they don't like miners which keep selling ETH and lowering the price of ETH.


Yeah. I heard that. Well if diff will be stable and block reward smaller, should be better then 5eth block reward and skyrocketing difficulty

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August 01, 2017, 10:25:30 AM
 #13

I manage about 32 MH/s with my 1070's (and approach 1.5 GH/s all combined in several rigs).

Unfortunately I put all this together JUST A MONTH AGO, so it's been a slide ever since - which is typical of my timing, lol.

With the 32 MH/s rate, what should I expect that to translate to in terms of mining Zcash? Is that a viable alternative during these diminishing ETH times? If not, what would be your suggestions, for even a second or third coin? What are the preferred miners for Zcash?

I'm using Claymore 9.7, and tried dual mining both SIA and DCR, but it seemed a narrow margin of improvement, and was tough to find a sweet spot. Of course, dual mining doubles the dev fee as well.

THANKS!
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August 01, 2017, 10:35:31 AM
 #14

What happened in past day or two? My average hashrate is same, even a bit higher then before and my Eth earned per month droped by 0.3. I used to get around 5.2 and now is 4.9 in 1 or 2 day. Anyone know why?

Also do they plan to fix ice age as pos is quite postponed?

Cheers!
"MINING DIFFCULTY" sorry for Caps but this is the main reason why your profits or earnings on mining do decrease even you would said that you do have the same hash rate on your miners. This is really a normal thing on mining world on which if there are lots of miners on a certain coin, difficulty does rise and knowing ETH and you observed the mining difficulty you would really see huge jump on difficulty percentage on a short period of time which means there are lots who do mine it.

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Brucelats
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August 01, 2017, 10:48:50 AM
 #15

I know its difficulty but there is smth else behind it. As it rose dramatically. Someone said its ice age and that another 200k blocks were solved so that caused tha extra jump. Im not scared and i plan to mine even if i am even or dont earn profit coz i like it. Or with time shut down rigs and turn on later etc.. we will see. I invested money i was ready to lose anyway. Ofc expected roi after time but didnt gamble with money i need.

I hope that huge diff jumps will be solved so eth mining can be sustainable until pos


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August 01, 2017, 10:50:32 AM
 #16

I know im fairly new and that diff is rising a lot and also that ice age is present but, didnt they said smth about delaying ice age as pos is delayed also?

Also, i made rigs more like a hobbie and to get deeper i to cryptos. I have other cash incomes and i understand profitability will be lower and lower but just wanted to know what happened.

I started 2 months ago.

They will delay ice age but at the same time reduce the ETH block rewards...

Basically they don't like miners which keep selling ETH and lowering the price of ETH.

I see. I am holding them anyway. Just mine and hold Smiley

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August 01, 2017, 11:09:28 AM
 #17

I know its difficulty but there is smth else behind it. As it rose dramatically. Someone said its ice age and that another 200k blocks were solved so that caused tha extra jump. Im not scared and i plan to mine even if i am even or dont earn profit coz i like it. Or with time shut down rigs and turn on later etc.. we will see. I invested money i was ready to lose anyway. Ofc expected roi after time but didnt gamble with money i need.

I hope that huge diff jumps will be solved so eth mining can be sustainable until pos


There wont be an ice age and as you hear about big mining farms are being out recently for about 500 gh/s and there might be more we still dont know. Ice age wont really happen as of now. Theres nothing to worry about that ice age thing since ive been mining ETH too and i do treat this kind of situation as a normal thing. Just chill dude and do the things you do suppose to do.

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August 01, 2017, 12:19:29 PM
 #18

I know its difficulty but there is smth else behind it. As it rose dramatically. Someone said its ice age and that another 200k blocks were solved so that caused tha extra jump. Im not scared and i plan to mine even if i am even or dont earn profit coz i like it. Or with time shut down rigs and turn on later etc.. we will see. I invested money i was ready to lose anyway. Ofc expected roi after time but didnt gamble with money i need.

I hope that huge diff jumps will be solved so eth mining can be sustainable until pos


There wont be an ice age and as you hear about big mining farms are being out recently for about 500 gh/s and there might be more we still dont know. Ice age wont really happen as of now. Theres nothing to worry about that ice age thing since ive been mining ETH too and i do treat this kind of situation as a normal thing. Just chill dude and do the things you do suppose to do.

Its all cool. Not panicking or anything. Just wondered why diff rose so high and all of a sudden. Wanted to know reason behind it so i am smarter in this whole situation Smiley

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August 01, 2017, 01:21:26 PM
 #19

I know its difficulty but there is smth else behind it. As it rose dramatically. Someone said its ice age and that another 200k blocks were solved so that caused tha extra jump. Im not scared and i plan to mine even if i am even or dont earn profit coz i like it. Or with time shut down rigs and turn on later etc.. we will see. I invested money i was ready to lose anyway. Ofc expected roi after time but didnt gamble with money i need.

I hope that huge diff jumps will be solved so eth mining can be sustainable until pos


There wont be an ice age and as you hear about big mining farms are being out recently for about 500 gh/s and there might be more we still dont know. Ice age wont really happen as of now. Theres nothing to worry about that ice age thing since ive been mining ETH too and i do treat this kind of situation as a normal thing. Just chill dude and do the things you do suppose to do.

The difficult will keep on rising and the block time will increase a lot.
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August 01, 2017, 01:24:03 PM
 #20

I manage about 32 MH/s with my 1070's (and approach 1.5 GH/s all combined in several rigs).

Unfortunately I put all this together JUST A MONTH AGO, so it's been a slide ever since - which is typical of my timing, lol.

With the 32 MH/s rate, what should I expect that to translate to in terms of mining Zcash? Is that a viable alternative during these diminishing ETH times? If not, what would be your suggestions, for even a second or third coin? What are the preferred miners for Zcash?

I'm using Claymore 9.7, and tried dual mining both SIA and DCR, but it seemed a narrow margin of improvement, and was tough to find a sweet spot. Of course, dual mining doubles the dev fee as well.

THANKS!

Anyone?

Is everyone here sticking with ETH... what's your fallback?
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