September is already here

[adaseb]

For those that don’t know how difficulty works, it works like this.

Let’s say you are making $10/ day now with ETH mining and ETC mining is giving you $9/day.

When ETH ends POW, does it mean you will make $9 a day instead of $10? No.

Reason why is that now the difficulty for ETC is small, when there is no more ETH to mine, the difficulty can double, triple, quadriple, etc.

If difficulty doubles you make $4.5 a day, if it’s quads then you make $2.25 a day, etc.

[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.

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

ETH has Vitalik.

ETC got who? Nobody.

Nobody uses etc. Nobody cares about it, other than the miners. ETC don't have any breakthrough fintech projects on it. ETH got all these thanks to Vitalik's brilliance.

We have seen it with bitcoin's bcash hard fork, we've seen it with eth/etc. A chain where only the miners like won't survive for long. Users decide the winner, not miners.

[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.

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

Yeah I saw,the difficulty has increased a lot nevertheless I have since yesterday jumped onto the ETC mining wagon saying goodbye once and forever to ETH.I know ETH will fail miserably because it was so successful until now not because of the fintechs or users that they supported it,but because of the miners who were a huge number who helped keep the network secure.Whatever fintech or user and company uses ETH in PoS trust me they cannot make the network as secure as the miners do by validating transactions.Enough of this,anyone has his own idea,mine has started and is in this pic below.

[Metroid]

Ethermine announced eth mining will end on 15 September.

https://ethermine.org/announcement

Get ready for the carnage. The greatest mining apocalypse is upon us hehe

[devil2man]

The latest news says that around September 15, eth will switch to pos, will it be the right time? etc will never be as profitable as eth at least that its value does not reach around 2000 $ but it has a lighter algorithm it can be mined more easily and no expensive latest generation gpus are needed there are pros and cons

[FP91G]

In the #Ethereum Core Devs Meeting today a final mainnet TTD of 58750000000000000000000 was confirmed!!!

This means the Ethereum Merge will officially go live in ~28 days around September 15th!
https://twitter.com/CryptoGucci/status/1560302966086811651
countdown to the end of ethereum mining
https://www.totaldifficulty.com/

[swogerino]

In the #Ethereum Core Devs Meeting today a final mainnet TTD of 58750000000000000000000 was confirmed!!!

This means the Ethereum Merge will officially go live in ~28 days around September 15th!
https://twitter.com/CryptoGucci/status/1560302966086811651
countdown to the end of ethereum mining
https://www.totaldifficulty.com/

So I believe it is finally happening for real and the devs of Ethereum with Vitalik on top I believe they know that their coin price and development after switching to PoS will only keep going south as that is what happened to all other PoS coins.I am waiting patiently to see the developments of what will happen to Ethereum once it switches to the PoS from proof of work.

[philipma1957]

Going to move 2gh to etc today.

edit:


I moved my big 1gh rig just now.

should earn .5 etc a day


all shares are showing check fail on viabtc.

anyone have luck on viabtc.

both trex and nbminer on 2 different rigs just give me reject shares with a check fail error



I may have fixed it.

I forgot to change eth to etc duh!

I moved a 100mhs rig and a 1000 mhs rig.

Its a speculative move. One could argue just mine the eth it pays more and buy the etc.

I am now 8.7gh eth and 1.1 etc


And of course another rule change for Eth and eth2 .

I have staked about .2 eth on coinbase.

here is the new rule.


"Coinbase logo   
 
View in browser
 
Coinbase logo
 
We have changed the way your ETH2 rewards show up in your Coinbase account
Hi there,
 
We have made changes to how your ETH2 rewards are represented in your account.
We added the ETH2 rewards you have earned to date to your balance and show it as a single amount.
The first payout in your account was the actual amount you earned to date, minus the Coinbase fee, based on on-chain rewards. Your first payout might be slightly different than the estimate of rewards earned that was previously shown in your account.
After that single payout, you will receive payouts of the ETH2 rewards that will be added to your balance every 3 days.
You still won’t be able to unstake, sell, or send ETH2 until future upgrades on the Ethereum network or trading is otherwise offered.
If you have any questions, please visit our help center."


New format from coinbase



ETH2 logo
Ethereum 2
ETH2
Available to trade: 0 ETH2 ($0.00)


Not tradable in your region

Add to Watchlist
Overview
Wallet
Vault
Balance: 0.19309119 ETH2 ($315.92)
AUG
19
Ethereum 2 reward
Completed


+0.0004 ETH2
+$0.79

JUL
19
Converted to Ethereum 2
Completed


+0.1926 ETH2
Ethereum 2 rewards
Lifetime rewards


+ 0.00045688 ETH2
APY


3.28%

[a1 Hashrate LLC2022]

I am philipma1957's alt.






I was thinking if enough of us shift early to etc we could delay the difficulty bomb. We would need to do it systematically. Not super fast.

I moved 10 % of my hash to etc will do it again in 4 or 5 days.

[YellowSwap]

For those that don’t know how difficulty works, it works like this.

Let’s say you are making $10/ day now with ETH mining and ETC mining is giving you $9/day.

When ETH ends POW, does it mean you will make $9 a day instead of $10? No.

Reason why is that now the difficulty for ETC is small, when there is no more ETH to mine, the difficulty can double, triple, quadriple, etc.

If difficulty doubles you make $4.5 a day, if it’s quads then you make $2.25 a day, etc.

This is scary, but there is hope, we have two new PoW ETH for coming so miners will be able to spread out their hashing power, I wish one will be GPU base and the other will be Asic base, enough of Asic miners taking over everything.

[Metroid]

For those that don’t know how difficulty works, it works like this.

Let’s say you are making $10/ day now with ETH mining and ETC mining is giving you $9/day.

When ETH ends POW, does it mean you will make $9 a day instead of $10? No.

Reason why is that now the difficulty for ETC is small, when there is no more ETH to mine, the difficulty can double, triple, quadriple, etc.

If difficulty doubles you make $4.5 a day, if it’s quads then you make $2.25 a day, etc.

This is scary, but there is hope, we have two new PoW ETH for coming so miners will be able to spread out their hashing power, I wish one will be GPU base and the other will be Asic base, enough of Asic miners taking over everything.

There is no hope now, it will take years to recover, 2025 - 2026 I see a light at the end of the tunnel.

[FP91G]

I don't like the increased hash rate on ethereum classic in recent days. I will stay mining ethereum until the end.

[philipma1957]

I don't like the increased hash rate on ethereum classic in recent days. I will stay mining ethereum until the end.

yeah. I get it short term thinking.

My thoughts are to continue shifting to etc and hope people continue to do it.

If we all did this it would prolong the difficulty bomb by as much as a month.

And I can already see that my eth earnings are not decreasing as much as I dropped the hash rate because eth difficulty has decreased matching my hash decrease.


I am at this point now.

[rdluffy]

yeah. I get it short term thinking.

My thoughts are to continue shifting to etc and hope people continue to do it.

If we all did this it would prolong the difficulty bomb by as much as a month.

And I can already see that my eth earnings are not decreasing as much as I dropped the hash rate because eth difficulty has decreased matching my hash decrease.

The difficulty right now is dropping even more:



The last time ETH was at this hashrate was December 17, 2021, with 11,404 - Now is 11,592


Just to compare, this is the difficulty chart of ETC

[Pterosaur]

Ethermine announced eth mining will end on 15 September.

https://ethermine.org/announcement

Get ready for the carnage. The greatest mining apocalypse is upon us hehe

I never thought that Ethereum will take this merge serious but I am glad that I've made back most of my investment, I have even sold some graphic cards to PC gamers and right now I still have two I want to sell, but I am keeping the rest just in case something goodie comes up.

[adaseb]

You sure that the recent drop of ETH hashrate into ETC has nothing to do with miners switching to ETC to abandon ETH chain but more of the fact that 5gb GPUs stopped mining recently due to the DAG just recently hitting 5GB.

There are many of these 5GB GPUs out there and they maybe are switching to ETC since they don’t have a choice. Because the profitability is much worse. Wouldn’t make sense any other way.

[Grim]

There are a lot of 5 GB ASICs. 

[5W-KILO]

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

ETH has Vitalik.

ETC got who? Nobody.

Nobody uses etc. Nobody cares about it, other than the miners. ETC don't have any breakthrough fintech projects on it. ETH got all these thanks to Vitalik's brilliance.

We have seen it with bitcoin's bcash hard fork, we've seen it with eth/etc. A chain where only the miners like won't survive for long. Users decide the winner, not miners.

ETH has Vitalik
ETC has Vitalik words of support ( either real or not )
ETHW has who? Nobody

The case of the new PoW forks will end up just like BCH and BSV lol, I think miners will witness a very ugly future before things get better.

[rdluffy]

ETH has Vitalik
ETC has Vitalik words of support ( either real or not )
ETHW has who? Nobody

The case of the new PoW forks will end up just like BCH and BSV lol, I think miners will witness a very ugly future before things get better.

I posted here about this: https://bitcointalk.org/index.php?topic=5410662.msg60800136#msg60800136

ETHW (obviously) need devs + community to succeed
But I remember that even if a strong person supporting a coin it's not guaranteed success, the example is Roger Ver and Bitcoin Cash, even an early and famous adopter can't make BCH even a top 15 coin, after that fork they tried a lot, but people still use BTC instead of BCH.

Maybe a solution to ETHW is to have strong support from big exchanges, just an example, if Binance works with FTX and have some good devs, or a famous dev...

[Metroid]

You sure that the recent drop of ETH hashrate into ETC has nothing to do with miners switching to ETC to abandon ETH chain but more of the fact that 5gb GPUs stopped mining recently due to the DAG just recently hitting 5GB.

There are many of these 5GB GPUs out there and they maybe are switching to ETC since they don’t have a choice. Because the profitability is much worse. Wouldn’t make sense any other way.

Not gpus but I think you meant asics and I think you are right, there are too many 5gb asics that stopped working recently and I assume that is why eth network hashrate decreased. The truth here is x profit, etc at moment gives 2x less than eth, no sane miner with gpus with more than 5gb would change to etc.