dlezama
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April 08, 2018, 04:37:16 AM |
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There are a shit load of GPUs mining ETH and other coins out there. The moment this became as profitable as ETH for RX580s and similar, it begun drawing them. Instead of Monero mining going insanely profitable as some expected, I think all GPU mining will be a speck more profitable, and that's it.
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"In a nutshell, the network works like a distributed
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Marvell2 (OP)
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April 08, 2018, 05:14:17 AM |
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There are a shit load of GPUs mining ETH and other coins out there. The moment this became as profitable as ETH for RX580s and similar, it begun drawing them. Instead of Monero mining going insanely profitable as some expected, I think all GPU mining will be a speck more profitable, and that's it.
more than a spec, and once electroneum forks as well things should get even better i supect we will see acros the board 20 percent more profits acro the board when all the remaining forks take place i think this fork opened alot of eyes, i think other algo will fork just to flush out the asics |
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Marvell2 (OP)
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April 08, 2018, 05:16:06 AM |
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There are a shit load of GPUs mining ETH and other coins out there. The moment this became as profitable as ETH for RX580s and similar, it begun drawing them. Instead of Monero mining going insanely profitable as some expected, I think all GPU mining will be a speck more profitable, and that's it.
plus I think from this we now know a large portion of the eth hashrates are probably asics as well which cant switch to v7 so i think eth hash rate will only drop say 15 perect mac |
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Metroid
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April 08, 2018, 10:52:33 AM |
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It seems the big here is etn, after it forks it will stabilize profit across gpus. So far the dif drop was very good, lets see how long it will last. It will still drop more. https://www.difficultychart.com/monero |
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Piskeante
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April 08, 2018, 10:55:42 AM |
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It seems the big here is etn, after it forks it will stabilize profit across gpus. So far the dif drop was very good, lets see how long it will last. It will still drop more. https://www.difficultychart.com/moneroAccording to some people, Vitalik has no interest on forking the algo, but just going to PoS once we achieve a 100 million coins. I would not bet my money in that Vitalik will allow people to mine more ETH than 100 million coins. |
BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
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Metroid
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April 08, 2018, 11:04:24 AM |
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According to some people, Vitalik has no interest on forking the algo, but just going to PoS once we achieve a 100 million coins.
I would not bet my money in that Vitalik will allow people to mine more ETH than 100 million coins.
Monero has no pos in mind so is understandable about the hard fork. eth has a lot to lost if the hard fork fails or it add other problems. Problem for problem, best to go pos straight but I think there are reasons behind why they dont want to hard fork it and we might never know why. The truth is even if there are asics, eth devs get the same money, only miners and the decentralization idea is losing with asics, for eth devs, already too many coins were mined by gpus, so even if a minor percentage is with asics then is okay. eth devs do not care about miners and their profits, the decentralization would not be lost cause asics will mine for a short amount of time and coins. |
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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deskless
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April 08, 2018, 11:59:02 AM |
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I am trying to move one rig from ETH to MONERO. I see 4500 h/s for 6 rx 580. If the difficulty has dropped, shouldn't I see better hashrate?
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philipma1957
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'The right to privacy matters'
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April 08, 2018, 12:03:39 PM |
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I am trying to move one rig from ETH to MONERO. I see 4500 h/s for 6 rx 580. If the difficulty has dropped, shouldn't I see better hashrate?
no hashrate is hashrate you should see less difficulty and higher earnings with the same hashrate. Which has happened to both the old xmo and the new xmr |
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sadyas
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April 08, 2018, 12:10:35 PM |
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I am trying to move one rig from ETH to MONERO. I see 4500 h/s for 6 rx 580. If the difficulty has dropped, shouldn't I see better hashrate?
I think the good profitability will last a day or two, then there will be a increase of hash rate from other GPU miners. |
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deskless
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April 08, 2018, 12:11:06 PM |
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I am trying to move one rig from ETH to MONERO. I see 4500 h/s for 6 rx 580. If the difficulty has dropped, shouldn't I see better hashrate?
no hashrate is hashrate you should see less difficulty and higher earnings with the same hashrate. Which has happened to both the old xmo and the new xmr Thanks. Is there any place to check the estimated earning after the fork? Whattomine shows similar earning compared with ETH. I was hoping after the fork earning will be better than ETH. |
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Metroid
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April 08, 2018, 12:43:24 PM |
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Thanks. Is there any place to check the estimated earning after the fork? Whattomine shows similar earning compared with ETH. I was hoping after the fork earning will be better than ETH.
it will take time, good rewards will be only for vega, rx 5xx series will have to be on eth. |
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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m.vina
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April 08, 2018, 01:10:55 PM |
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There are a shit load of GPUs mining ETH and other coins out there. The moment this became as profitable as ETH for RX580s and similar, it begun drawing them. Instead of Monero mining going insanely profitable as some expected, I think all GPU mining will be a speck more profitable, and that's it.
more than a spec, and once electroneum forks as well things should get even better i supect we will see acros the board 20 percent more profits acro the board when all the remaining forks take place i think this fork opened alot of eyes, i think other algo will fork just to flush out the asics I completely agree, once monero copy pastes all the work done by other teams and devs of monero or sumokoin, the hashrates will drop further and profitability will increase higher. Everyone in this situations wins except those people who bought cyrptonight ASICs. They should have thought about it more in the first place. |
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kemo6600
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April 08, 2018, 01:57:27 PM |
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You guys forgot that SIA/DCR/Lbry were lost to ASICs early this year , every coin counts . every forked ASIC = more profit to GPU
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Vann
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April 08, 2018, 02:00:01 PM |
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I am trying to move one rig from ETH to MONERO. I see 4500 h/s for 6 rx 580. If the difficulty has dropped, shouldn't I see better hashrate?
no hashrate is hashrate you should see less difficulty and higher earnings with the same hashrate. Which has happened to both the old xmo and the new xmr Thanks. Is there any place to check the estimated earning after the fork? Whattomine shows similar earning compared with ETH. I was hoping after the fork earning will be better than ETH. After the fork and the difficulty adjusted, profitability on XMR went up ~4x. At the current price and difficulty 800 H/s is ~$1.25/day in profit after power. https://crypt0.zone/calculator/details/XMR?hr=800&pwr=110&ec=0.12&fee=3&cur=USD&average=3h&exchange=0 |
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Metroid
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April 08, 2018, 02:16:53 PM |
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You guys forgot that SIA/DCR/Lbry were lost to ASICs early this year , every coin counts . every forked ASIC = more profit to GPU
I really wanted dcr to be hard forked to block asics, dcr is a good coin. |
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Lunga Chung
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April 08, 2018, 03:42:53 PM |
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Thanks. Is there any place to check the estimated earning after the fork? Whattomine shows similar earning compared with ETH. I was hoping after the fork earning will be better than ETH.
it will take time, good rewards will be only for vega, rx 5xx series will have to be on eth. Right now XMR is better with RX5xx/4xx then ETH. I do believe this will even out by the end of month (miner migrating from ETH to XMR) |
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Metroid
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April 08, 2018, 06:14:47 PM |
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Monero network still adjusting the difficulty, right now is 6 times less than what used to be. From 140 to 24 right now, Amazing.
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BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Wotan Wipeout
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April 08, 2018, 06:29:38 PM |
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annapotpot
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April 08, 2018, 07:30:17 PM |
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Looks like we hit the bottom already. It seems like its starting to rise again. Nicehashers are probably mining it right now. |
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whoismoses
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April 08, 2018, 07:37:17 PM |
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Looks like we hit the bottom already. It seems like its starting to rise again. Nicehashers are probably mining it right now. The lowest I saw it go about 20 minutes ago was 175 MH/s, now we are at 187 MH/s. We shall see. We just passed the 720th block. Now at 1,546,721. |
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