Ethereum London Hard fork

[skablast]

Just go to some pools and look at the value of the block( Mev included)  and compare to the average of the last 3 days ?

Precise ? Not. Good guess if the sample is big enough ? yes.
In fact i came here to see if someone had a better method.
Beside minerstat Nicehash 2 criptocalc that I think will start becoming affordable after 24 hour

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[swogerino]

Aniway, if someone (else) is coming here for info and not conjecture:

Average reduction in miners revenue after some hour seem to be around 16 %

I got from 0.0082 to 0.0076 but I don't know if that is 16%,it looks a bit less to me but what is important is that it started to reduce a bit the mining rewards as it was expected by many.Ethereum network difficulty seems to be a bit lower from 7.79 to 7.52 P which means some miners have already switched to some other algorithm.Meanwhile the increase in price for Ethereum makes up for the small reduced mining rewards so for me nothing has really changed as of yet except that burned ETH is in about 10.000 dollars a minute in fees with this update.

[FP91G]

I haven’t noticed a drop in profit in the statistics either. Today there was a very high price for Gas, perhaps this influenced the profit, commissions in blocks reached 8 Ethereums.
I don't understand how to calculate what percentage of commissions are burned in each block.
But if the commissions decrease, then this will affect the profit.

[FomoMiner]

you can monitor what is going on here:

https://www.etherchain.org/burn

being on Ethermine, I'm also observing a decrease in profitability. was something like 0.00540 or .00520eth/day (Ethermine estimation) and now it is at .00497.
not a lot and maybe not a precise monitoring of eip1559's effects but if it stays like that it's okay. in all cases we can do nothing just hope it won't worsen.

[adaseb]

The difference in profitability will take a few days to find out how they are affected because a number of factors come into play.

For example, lately due to ETH surging and NFTs popularity the gas fees are higher. They used to be like 10 Gwei and now are usually at least >50 Gwei. So your profitability is higher however due to the coin burn, its slightly less.

Another issue is that it matters what the gas fees are. If they are crazy high like >150 Gwei the coin burn will have a larger affect than when they are smaller such as 10 Gwei. So you need to mine for a few weeks first and see how the profitability changes overall.

[digital$]

im seeing roughly 12-15% less earnings on ethermine so far.  early days for average estimate but yeah looking negative for us miners : ( 

[ccplz]

ergo/rvn/cfx being pumped, maybe because of the eth hardfork?

[Newatbit]

I worry more about the eip 3554 on december than this update today

If this EIP really happen on december the ETH mining will be over..

Ok, we have other alt coins to mining.. but.. all eth mining going to other much smaller market… will it work??

Dude EIP 3554 come today with the London Hardfork and it will delay the difficulty bomb to december, so this is quite good update. The name says diffi bomb delay

So, do u think ETH mining will not end on december???

[FP91G]

I worry more about the eip 3554 on december than this update today

If this EIP really happen on december the ETH mining will be over..

Ok, we have other alt coins to mining.. but.. all eth mining going to other much smaller market… will it work??

Dude EIP 3554 come today with the London Hardfork and it will delay the difficulty bomb to december, so this is quite good update. The name says diffi bomb delay

So, do u think ETH mining will not end on december???

The difficulty bomb does not start working immediately, and the time it takes to mine the block increases gradually.
Even if the developers do not have time to change the algorithm in December, then nothing serious will happen until January or February.
But many miners are confident that this will happen in the next 5-8 months.

[adaseb]

If you want to see how the difficulty bomb worked in the past look at, https://etherscan.io/chart/blocktime

You can see that it got activated sometime in April 2017 and every few weeks kept increasing and increasing. The miners were coming online because price was going higher and higher however they still couldn't keep the blocktime near 15 seconds. So it kept increasing all the way up to 30 seconds in later 2017 until they finally did a hard fork and the block times were back to normal.

So as you can see its not instant but every 2 weeks or so, it increases the difficulty more and more and as time goes on, it goes up exponentially higher as you can see.

[Metroid]

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

[swogerino]

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

[Metroid]

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

Agreed, anybody buying now must be insane, time to buy is over a long time ago, this is a huge trap before hehell, gpus might rise a bit now but then will crash very fast later on as the coins will be sank to the floor.

About mining, do not buy gpus now, that will give you a false expectation, cause you think your roi will be 300 days and you will find out that 300 days will become 3000 days, so mine and sell, i'm not selling now because I believe thieves will take eth to 5k and i will sell around that.

One last thing, if you people have gpus and electricity price higher than 0.05 kwh usd, better to sell those gpus right now or wait a little bit, cause once the bear market hits you will have to sell those gpus very cheap or mine at loss for at least 24 months.

[batsonxl]

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

1st i thought 0.01ETH was good but you are paying every time fees. It is better withdraw big amounts paying fee ones. For example each time you withdraw 0.01ETH you are paying 2$ for fee. if you withdraw 5 times it makes 10$. So it is better withdraw like 0.05 or 0.1ETH and pay only 2$. Did i correctly understood this new Buterins masterpiece work?

[batsonxl]

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

Agreed, anybody buying now must be insane, time to buy is over a long time ago, this is a huge trap before hehell, gpus might rise a bit now but then will crash very fast later on as the coins will be sank to the floor.

About mining, do not buy gpus now, that will give you a false expectation, cause you think your roi will be 300 days and you will find out that 300 days will become 3000 days, so mine and sell, i'm not selling now because I believe thieves will take eth to 5k and i will sell around that.

One last thing, if you people have gpus and electricity price higher than 0.05 kwh usd, better to sell those gpus right now or wait a little bit, cause once the bear market hits you will have to sell those gpus very cheap or mine at loss for at least 24 months.

Hi Metroid i found better way to keep coins and money safe. There is stop limit on exchanges. Eth now at 3k which sound very nice but it is always wise put stop limit at 2.7-2.8k. if price goes up you also go up with stop limit.

[Metroid]

Hi Metroid i found better way to keep coins and money safe. There is stop limit on exchanges. Eth now at 3k which sound very nice but it is always wise put stop limit at 2.7-2.8k. if price goes up you also go up with stop limit.

I believe thieves will take it to 5k and then crash to hehell but yeah you can always do that, I will use stop loss after eth hit 5k, I will leave that at 5k if it hits it hits if not and it keeps going up like 6k then i will put stop loss at 6k and then keep until it crashes and my stop loss hits. This is the last time wolves have to steal blood/money from sheeps. So eth 5k is possible, I'm thinking of stop loss it at 4.5k, maybe eth will hit 4.999 usd and then crash to hehell.

[swogerino]

Thieves are spreading mining will end soon and eth 2.0 is coming soon and that is pure fake news and bs, as soon as thieves hit a price they want and they start dumping all their eth and eth crashes fast overnight then they suddenly they stop spreading the bs, mining will end only in 2.5 to 4 years, anything else is pure bs and fake.

Funny, they always start the bs as soon as they start buying it a lot in order to make idiots buying after them, I hold a lot of eth 30% my full capital but I'm not falling to their bs, I will sell high, not crazy to buy eth now or any other coin.

It is still much better to mine Ethereum,I received the payout yesterday that I had accumulated at Ethermine and today I receive another one now that they lowered the payout to 0.01 ETH from 0.10 which was until yesterday afternoon.I too am not crazy to buy crypto at such prices,I like a whole lot more to generate it,in the good timings like this one and even in the worst timing (ETH 1500 USD) I am still happy to generate it,I pay normal electricity rates and with 300 Mhsh I make about 600 USD net profit monthly but I think is some more now with almost 3000 USD Ethereum price.

1st i thought 0.01ETH was good but you are paying every time fees. It is better withdraw big amounts paying fee ones. For example each time you withdraw 0.01ETH you are paying 2$ for fee. if you withdraw 5 times it makes 10$. So it is better withdraw like 0.05 or 0.1ETH and pay only 2$. Did i correctly understood this new Buterins masterpiece work?

I just saw that happening so I immediately switch to 0.025 ETH payout frequency,I like to have a payout very often so no problem if I pay 4 USD for 0.05 ETH for the moment.Plus I think the fees will go down eventually after a few days once everything is clear.

[Metroid]

I just saw that happening so I immediately switch to 0.025 ETH payout frequency,I like to have a payout very often so no problem if I pay 4 USD for 0.05 ETH for the moment.Plus I think the fees will go down eventually after a few days once everything is clear.

It depends on many things, if is a trusted pool then 0.5 or 1 eth is no problem at all.

[Didz]

It was meant for today but devs have postponed it a day later on August 5th.I see the price staying at positive levels compared to Bitcoin which is going down and I think this is the reason for that however in many news I read it looks like many people are selling Ethereum.What are you guys doing and what are your preparations for this event?Personally I am stuck at mining as always and I do not see this event as a game changer but I want to hear some other views and opinions here.

Hooo yea! We are presently August 7, 2021 3:55 PM Easter time and ETH price is at $3,047.89!!!
Personally since EIP 1559 I have been making a little more money maybe around 5% increase in my daily revenue. I use HiveOS, T-Rex miner and Hiveon pool and have only GTX 1660 super and RTX 3070 (no LHR) GPUs. Son of a Tech said that only Hiveon pool didn't change their rules and most propably they will win good part of the market in the upcoming days. It's because Hiveon pool makes money from its mining platform HiveOS not from its mining pool like others.

My strategy with the ETH I receive from my mining is that I convert them into Canadian dollars right away and invest 20% in the ETF QYLD which pays around 1% on every dollar invested every month. The remaining 80% I pay my bills which include buying new GPUs and gears. With that strategy it's easy I simply mine the most profitable coin which is always ETH (except for short periods of time other altcoins are more profitable but it never last).

I will soon stake 16 ETH in Rocket Pool smart contract to run a node validator because on the long run I don't think Ethereum ecosystem will get dethroned, the community and fundations is simply too revolutionnary and Vitalik Buterin is a genius like Isaac Newton when he invented calculus in the 17th century and people back then didn't realized all the implications (calculus is now used in almost all science branches). I am a big fan of Vitalik. I think Ethereum blockchain is as huge as the discovery of calculus in terms of game changer for societies.

On the other side, the minable altcoins with GPUs are now investment vehicles and in my opinion they are here to stay so I am pretty confident after ETH 2.0 it will still be profitable to mine altcoins with GPUs but I am pretty sure it won't be as profitable as it is now with the revolutionary Ethereum ecosystem.

Like the NFTs, people wants more and more investment products. Have you seen on opensea.io, there's like one NFT digital art transferred (bought/sold) every what 10 seconds in average, it's insane. People likes to buy in hope of a capital gain in the future. Capitalism at its purest form, check this out:
https://opensea.io/activity

[adaseb]

I don't know what price ETH might hit, however I have a feeling that ETHBTC will hit something like 0.10 ETHBTC and then it'll start to tank. When it starts to tank all the money will flow back into BTC and then BTC might top out at like $50-55K or so.

Lately too many people are getting bullish and thinking we are going to get $10K ETH and $250K BTC. Most likely somewhere in the $50-55K area we might get a failed high and then we will consolidate before heading lower. I have a feeling that Saylor guy is going to start taking profits in that area since he almost lost his shirt last time it hit $28K.

Could be and want to be wrong however I still think we might revisit $20K one day, even a little lower. And ultimate buy will be at 200 WMA which is like $14K-15K or so. Everybody will want to buy BTC at $64K but nobody will want to buy at $15K.