ETH hashrate keeps growing

ETH network hash rate keeps growing even though the dag size is now over 4GB. Looks like 4GB cards were slowly phased out for newer model cards.

Good thing nobody has added any of the new gpus to mining eth....why that might increase nethash...ya think.

It is pretty easy to see that hidden asics are driving the diff up for eth.

It's safe to say the amount of new miners joining because of the crypto bullrun is why were not seeing significant drops in hashrate. Most large miners already sold off and phased-out the 4GB cards. While new miners are buying older RX580 8GBs, 5700/5600XT's or Nvidia GPUs with 8GB ram or more. Lastly Zombie mode was invented by Miner-software Devs keeping whatever 4GB cards are on the network until they're unprofitable for that person. For me, I'm keeping my 4GB cards on until Feb a Full month later thanks to Zombie Mode.

So unlike everyone was expecting there will no 'massive' drop in hashrate.

You can see a drop in hash rate on ethermine every dag increase.

https://ethermine.org/statistics

lol after passing 4gb epoch nethash became stronger there is only small 4gb gpu mining before then

the prediction really going nowhere and now btc break 25k and eth with other alt downturn heavly hitching new atl on the horizon

this really bad hope 1-2 weeks alt recover after btc got stabilize the price

I am sure that the 4GB video cards and ASICS represented a large portion of the hash rate however as we are hitting all time high after all time high and ETH is rising, so is the difficulty.

We also have much better GPUs which are more efficient. I think if ETH traded sideways and newer GPUs didn’t came out then I think the overall hashrate would of dropped by 25% or so.

However most 8Gb got bought out by miners in the last few months and hence why hashrate is still rising.

Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.

Quote from: badbart on December 25, 2020, 05:35:52 PM

You can see a drop in hash rate on ethermine every dag increase.

https://ethermine.org/statistics

that is a pool

here is the whole network

https://etherscan.io/chart/hashrate

there was a solid drop from the 23rd to the 25th

295 to 281 or about -4.745%

lets wait until the next print on the 27-28 of dec and see what happens

maybe we drop to 267 another 4.7%

If true maybe we go as low as 210-230 in a month

Quote from: mak013 on December 26, 2020, 04:25:01 PM

Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.

I'm not sure that not all owners of these video cards will switch them to other algorithms. The profit on these coins has decreased, and in 20 days it will be even worse. It may be more profitable to sell them.

I think 8gb or 6gb ASIC secretly mining

Quote from: Loto on December 26, 2020, 05:07:11 PM

I think 8gb or 6gb ASIC secretly mining

Sad but true, I always wondered why they "hide" them on the network, why not just power on all of ASICs in China.

secret asics mined BTG since its creation and was why ther was a 51% attack

Quote from: safar1980 on December 26, 2020, 04:46:13 PM

Quote from: mak013 on December 26, 2020, 04:25:01 PM

Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.

This is actually what I have been doing for the past few months. Its been very easy selling GPUs ever since Covid pretty much. There are GPU and other hardware like CPUs shortages everywhere. There are lockdowns everywhere, people stuck at home, bored out of their minds, or kids with nothing to do. So there is huge demand for GPUs.

Ive been selling these RX 470 4GB for years and this is the best time to sell them. They will be lots of willing buyers and they will go fast. Not point in holding on to them and mining at like 1/3 or 1/2 the daily profits. Add a few $'s extra and get some newer GPUs.

Quote from: adaseb on December 27, 2020, 02:07:18 AM

You pretty much nailed it. Yeah, this is the best time to sell used gpus.

So with the hashrate dropping since these 4gb are slowly being phased off the network, due to zombie mode enabling them to still work in some mining programs, they are still able to work but at a crippled hashrate compared to what they were doing a month ago.
Wouldn't there be more profit available since those cards would be switching over to another algorithm such as etchash.

Quote from: rdbase on December 27, 2020, 02:35:48 AM

Wouldn't there be more profit available since those cards would be switching over to another algorithm such as etchash.

no, eth is right now 3x more than any other thing for polaris, hashrate of polaris need to crash 30%, i mean from 30mhs to 10mhs to think about changing to something else.

Quote from: safar1980 on December 26, 2020, 04:46:13 PM

Quote from: mak013 on December 26, 2020, 04:25:01 PM

Lets wait some more time. With each dag increase, 4GB hashrate grow down. Several weeks and they will mine ETC and RVN only. Just wait.

Yes, right now mining ETH still gives more profit then ETC or RVN, but week by week their hash going down. Yet new GPUs begin to mine ETH. I think we have to wait about 3-5 weeks to see real nethash falling.

Well if the ETH price vs dollar keeps rising, we may not be able to see a reduction in hashrate. Sad

Difficulty reached almost 3.8P today