September is already here

[Wincob]

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

[1714875770]

1714875770

[FP91G]

ETC may not be that profitable, but this coin is very good for owners of older video cards.

[etoque]

Imo people underestimate the number of asic that there is on ethereum

 big farm and private entrepreneur have develop their own miner without any public sale


Other coin is going to be okey, everything will balance imo

[rdluffy]

Imo people underestimate the number of asic that there is on ethereum

 big farm and private entrepreneur have develop their own miner without any public sale


Other coin is going to be okey, everything will balance imo

Soon we're going to find how much of the network are asics, and if asic sellers would sell used and almost obsolete hardware


I think market will find some balance too, miners will not stop mining and stop looking into crypto, some coins will have support not only with mining but people can buy coins, talk more about the projects, and devs possibily can use this to bring more people into.

[sp_]

Possibly the end of Ethereum, but not the end of mining..

[Grim]

ETC will be ASICs heaven. ETH/ETC hash algo is not egalitarian enough anymore. (actually for quite some time)

The only way forward (besides security aspects of the algo) for a good distribution of coins and best decentralization is an even better egalitarian hash algo which the ProgPow family fulfills.


ETC will "save" ASIC manufacturers but not at all GPU miners.

[adaseb]

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

[swogerino]

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

I think that the developers of ETC will be ready to fork algo once more if they see that a lot of ASIC-s take over,they have already promised that their coin will PoW for the lifetime of it and I think they are ready to also move away from ASICS by changing the algo.

The switch most probably will happen in the few first months if they are decided to do this move which I think would be awesome for GPU miners,I think ASIC miners should lose this war and should point their ASICS to mine Bitcoin and leave the low profitability coins like ETC to GPU miners,I think the ETC developers have the same idea.

[a1 Hashrate LLC2022]

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

I think that the developers of ETC will be ready to fork algo once more if they see that a lot of ASIC-s take over,they have already promised that their coin will PoW for the lifetime of it and I think they are ready to also move away from ASICS by changing the algo.

The switch most probably will happen in the few first months if they are decided to do this move which I think would be awesome for GPU miners,I think ASIC miners should lose this war and should point their ASICS to mine Bitcoin and leave the low profitability coins like ETC to GPU miners,I think the ETC developers have the same idea.

My 10 gh in gpus agrees with you.

[swogerino]

Can all the current ETH ASICs even mine ETC? Isn’t the reason why ETC forked their algo was to keep ASICs out and to lower the dag memory requirement?

It will be interesting however when the switch happens. We will see how many ASICs and GPUs actually are out there.

Will it be profitable to mine anything? Not at these prices. Etc price is way too small to make it mineable if all the hash rate points to ETC from ETH.

I think that the developers of ETC will be ready to fork algo once more if they see that a lot of ASIC-s take over,they have already promised that their coin will PoW for the lifetime of it and I think they are ready to also move away from ASICS by changing the algo.

The switch most probably will happen in the few first months if they are decided to do this move which I think would be awesome for GPU miners,I think ASIC miners should lose this war and should point their ASICS to mine Bitcoin and leave the low profitability coins like ETC to GPU miners,I think the ETC developers have the same idea.

My 10 gh in gpus agrees with you.

Also my 1.5 Ghsh when the Ethereum mining will end agrees on this,I have near 1.1 Ghsh in ETC 4 GB cards and near 400 Mhsh in Ethereum with cards from 8 GB to 16 GB.Hopefully we will hit it right when the time comes and ETC will be a safe haven for all of us.
I think that whatever amount of crypto we make daily for the longer run I am sure we will all be in huge profit.Patience is key in this crypto winter.

[wheelz1200]

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

Etc will never been as profitable as eth as a lot of the hashpower will move over to etc without the price being moved (most likely).  I think everyone will just wait and see to see where the profitability goes and will most likely just ride the most profitable and flip for fiat/btc like they always have in the past. 

[arielbit]

we are going back to good old days when we keep to ourselves what coins are we mining LOL 

[cabron]

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

Etc will never been as profitable as eth as a lot of the hashpower will move over to etc without the price being moved (most likely).  I think everyone will just wait and see to see where the profitability goes and will most likely just ride the most profitable and flip for fiat/btc like they always have in the past. 

The miners will move its price, surely they won't sell if price is not worth more for paying the bills. Its the demand I think will be the problem because afaik there is not much tokens created on top of ETC chain. I can't remember the last ICO token on ETC posted in the forum.

They should be developing more or a migration system making it easy to switch tokens of ETH to ETC.

[Grim]

ETC hash change was intended to include asics so no luck for gpu miners with this coin.

[adaseb]

ETC hash change was intended to include asics so no luck for gpu miners with this coin.

The hash change was mostly to lower the DAG because the network was getting 50% attacked. They figured many <4GB could be mining and secure the network. So this is why they forked to a lower DAG.

The algo however was also changed and the original Antminer ETH asics couldn't mine it until months later when some firmware fix was released. If they wanted to keep ASICs on, they wouldn't of made this drastic change.

[FP91G]

Ethereum Classic already has a DAG file of more than 3 GB and video cards with 3 GB of memory will lose hashrate. Miners with zombie mods will become unprofitable in a few months, because the hashrate will drop a lot. But asics have great opportunities on this algorithm.
https://minerstat.com/dag-size-calculator

[mindrust]

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

[sxemini]

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

What shit you are writing. ETC and abandoned chain? XD You are my hero. ETC is the original Blockchain from ETH - ETH forked away in 2016. ETC has max cap, block reward reduction every year, but has implemented all updates like ETH. ETC is in the Top 20 back again.

ETC forked to the ETChash algo to get more hashrate into the network after the hacks in 2020 - the ETC community want ASIC´s in the network to secure it!!!!! Is really nobody understanding how important ETC is and what is possible? ETC is the 3. biggest network after BTC and ETH

[swogerino]

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

If you see in the profitability right now,RVN is first,ETH second and guess who is third,yes you guessed it,it is ETC because a lot of people are  mining it.This is known from the increase in the network hash rate these last couple of days.The smart people should switch to mine this coin in these last 2 months before ETH moves to PoS while it can be mined easily as once the network difficulty and hash rate will go up a lot then it won't be easy to mine and consequently the price should increase (just an assumption).

So if my theory happens to be right you can mine 1 ETC within 4 days within 300 Mhsh,imagine if the price of it goes up a lot after the merge of ETH,we can make a nice profit from such move,even if it does not happen we can still be third in profitability and only lose a couple of dollars in total.I think this is something to be tried.

[Salamande]

So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.

ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags.

If you see in the profitability right now,RVN is first,ETH second and guess who is third,yes you guessed it,it is ETC because a lot of people are  mining it.This is known from the increase in the network hash rate these last couple of days.The smart people should switch to mine this coin in these last 2 months before ETH moves to PoS while it can be mined easily as once the network difficulty and hash rate will go up a lot then it won't be easy to mine and consequently the price should increase (just an assumption).

So if my theory happens to be right you can mine 1 ETC within 4 days within 300 Mhsh,imagine if the price of it goes up a lot after the merge of ETH,we can make a nice profit from such move,even if it does not happen we can still be third in profitability and only lose a couple of dollars in total.I think this is something to be tried.

You would need more than 300MHS, right now it's 500MHS for 0.25 ETC/DAY