Offical end of ETH mining forever thread...

[adaseb]

Go to Google and type "the merge", currently about 14hr 38 mins to go...

Lets share our memories of when we first started to mine ETH.



I started in Feb 2016 because my Antminer ASICs were getting boring. I had tons of GPUs sitting and collecting dust from the Litecoin/Dogecoin 2014 days. Figured this Ethereum might take off and decided to switch over my mining. Turned off my Bitcoin ASICs and went back to full GPU mining again.

Back in 2016, there was no Claymore miner. You had to use the crappy ethminer which came with the ETH client software, and it sucked. I remember every time there was a new DAG, all my rigs froze. Every single time. I had to set alarms to manually restart the mining every 5 days when the DAG change happened.

There was also no remote monitoring back then. The only type of monitoring that was possible was with the pool. Some pools sent you an email and alerted you when a rig went down. However 50% of the time I never got any emails.

Then there was the DAO hack. I had tons of ETH I was holding and then when the hack happened I ended up selling at a crappy price because there was bad publicity how the coin is going to die. I think I sold at the lowest price ever at the time. Oh well...

Whats your memorable ETH mining moment....

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[philipma1957]

Wow so many moments.

Still have 2 frozen eth coins rendered inaccessible due to the dao hack.

As to what is the biggest or best moment I simply don't know.

Maybe it is yet to come when etc moons at 400 usd next week and eth crashes to 400usd.

I would love to see etc flip eth so I vote for that to be my best moment in eth.

it is yet to come but happens before dec 2022.

or not.

[DesertMiner]

My most memorable moment was when someone sent a transaction with a crazy high transaction fee in the millions of USD and ethermine hit the block and my pending balance jumped like crazy! a couple of day's work in a minute (if I remember correctly).

[batsonxl]

Wow so many moments.

Still have 2 frozen eth coins rendered inaccessible due to the dao hack.

As to what is the biggest or best moment I simply don't know.

Maybe it is yet to come when etc moons at 400 usd next week and eth crashes to 400usd.

I would love to see etc flip eth so I vote for that to be my best moment in eth.

it is yet to come but happens before dec 2022.

or not.

I would love see that too so some people will understood pos is nothing.at least pow has value.
 I started in 2017 i had good pc with 1060 on it then i bought some rx470 all night i spent for rx470 to get 26mhs then 29 something it was happy moments.

[Metroid]

This might be the end of eth altogether not only mining, I myself will not invest in this anymore, pos uses the analogy, the rich gets richer, eth will be a lot more centralized than ever before and eth was already centralized in POW, imagine in POS ehhe

[devil2man]

We are approaching a historical moment for crypto, the merge is imminent in a few hours, mining will change radically many will abandon this activity, others will move on to mine other altcoins, i see 2 possible secenaries for the eth after that no one will be interested in eth anymore and its value will collapse or everyone will want to buy it for the stake and its value will become priceless, we'll see

[FloppyPurpleGherkin]

This might be the end of eth altogether not only mining, I myself will not invest in this anymore, pos uses the analogy, the rich gets richer, eth will be a lot more centralized than ever before and eth was already centralized in POW, imagine in POS ehhe

+1

[rdluffy]

You know, you have the same thought as I, to share some memories about ETH

I started to mine ETH when I was looking for a new GPU, an RX 480 XFX, I took a look at some foruns about hardware and saw some guy talking about buying a couple of GPUs, and I thought "Oh my god, I only have money for a card and this guy is buying more than one", but I started to dig more and found about ETH mining, this is the breakpoint for me.
When my card arrived I started to learn everything about mining, ETH, BTC, rigs, riser etc.
In a few weeks I was mining with more cards, at my peak I had more than 20 GPUs mining, and to me, earning money and having such powerfull cards like 1080ti was a dream 

After the crash of 2018 I felt really bad, ended with a bag of coins worthing nothing, but I had diamond hands at least, and today I have some coins from the past, sold only a few coins in last bull run.

It's a sad day for all of us miners, but we can still have hope of another coins, another bull market, another proof of work coins...

[OgNasty]

Whats your memorable ETH mining moment....

I can't say I have any one moment in particular that is memorable with ETH.  I mined some early on.  I was airdropped a bunch that I still hold.  I've used some to play around in the metaverse and with NFTs.  I really like ETH, but the gas fees have always been a deal breaker for me.  That's why I've sort of embraced MATIC as the coin I like to play around with these days.  Getting airdropped a bunch of ETH definitely sent me down a fun path of exploring what can be done with crypto besides holding/spending it.  I guess the education on tokens and smart contracts as a result would be what I would find most memorable.  Without ETH I would never have learned how to mass produce generative art or write a smart contract.

[Pendrak]

I begin in 2017 with a AMD Radeon™ R9 280, i make in one month what the card cost me, $200 and sell it for $200, after that i buy more than 60 AMD RX580 cards different brands and never stop until today, i fix the cards when they get broken (i invest on teaching myself the skills needed for that, microscope amscope and the equipment like preheater and good flux original from amtech), buy a lot of memory modules on aliexpress to repair the cards, never have one that fail because mosfets, is weird, i am lucky i guess, i guess i have to shut down all of then today and keep going with the new cards i have (6700, 6800, 3070, 3080 ti and 3090).

[adaseb]

Found this post in the main Ethereum thread on Bitcointalk ( Created by Vitalik himself)

Hmmm....POS in 15 months?   Anybody have any speculation on price as a result of the re-defined direction of the project?

This was back in Sept 2015, so POS was scheduled to be released in Dec 2016. And we are finally here. Only 5 years and 9 months late.

Posts like that were the reason why so many miners had anxiety loading up on more GPUs.

[FP91G]

Mining calculators broke today.
I wrote to technical support to urgently fix the profit, and they tell me that their calculators are working correctly.
But I do not despair and still I will force these crooks to write the correct profit in calculators, because with such a profit I have to go to work at the factory again

[UniJo]

The calculators realy can't keep up with the increase in hashrates on the other networks. It will take some time to get some decent readings from the calculators.

[swogerino]

The official monstrous increase of difficulty has started big time since yesterday night,it was just near 900 T yesterday and now is well over 1.8 P which is 200% increase in just less than 24 hours.Judging how things are looking and the profitability to have come down a lot I will keep my miners up until I get this last payment after 5-6 days and then I will shutdown my rigs,the increase of electricity in price together with this monstrous increase of difficulty has left me no other choice.

[sp_]

The reddit miners are gone, but the bitcointalk miners are continuing with Ethereum POW

https://decrypt.co/109737/major-ethereum-mining-pools-will-back-ethw-mining

[Metroid]

The official monstrous increase of difficulty has started big time since yesterday night,it was just near 900 T yesterday and now is well over 1.8 P which is 200% increase in just less than 24 hours.Judging how things are looking and the profitability to have come down a lot I will keep my miners up until I get this last payment after 5-6 days and then I will shutdown my rigs,the increase of electricity in price together with this monstrous increase of difficulty has left me no other choice.

GPU wise everybody will turn off their miners and sell their gpus hoping to get some value back before is too late, nvidia 4xxx series are coming and that will make the 3xxx series worthless. By the way this is still pre bear market so the worse has yet to come by the end of this year and starting next year and eth dev team has yet to unlock the millions of eth staked. The crash will be monstrous.

[swogerino]

The official monstrous increase of difficulty has started big time since yesterday night,it was just near 900 T yesterday and now is well over 1.8 P which is 200% increase in just less than 24 hours.Judging how things are looking and the profitability to have come down a lot I will keep my miners up until I get this last payment after 5-6 days and then I will shutdown my rigs,the increase of electricity in price together with this monstrous increase of difficulty has left me no other choice.

GPU wise everybody will turn off their miners and sell their gpus hoping to get some value back before is too late, nvidia 4xxx series are coming and that will make the 3xxx series worthless. By the way this is still pre bear market so the worse has yet to come by the end of this year and starting next year and eth dev team has yet to unlock the millions of eth staked. The crash will be monstrous.

Personally I will keep a couple of Rx 5700 Xt or Rx 6800 Xt at maximum to mine Litecoin through unmineable miner,I know I will be at a loss but I can invest that Litecoin in some websites and I prefer to mine coins rather than to buy them even if I am mining at a loss.This way I will also be able to keep up with all the changes,I may change to other unmineable coins like FUN or DOGE and SHIBA INU,this is the max I can afford to run now but I agree with you,the crash cannot be anything except monstrous.

[sp_]

The total ETC hashrate seem to settle around 300THASH. around 30% of the ethereum network.

1/3 the total hashrate,  1/37.5 the price

Not profitable, but the price will rise.

[swogerino]

The total ETC hashrate seem to settle around 300THASH. around 30% of the ethereum network.

1/3 the total hashrate,  1/37.5 the price

Not profitable, but the price will rise.

The price increase is not at all corresponding at the exponentially increased difficulty of the network.The network is well over 2.35 P for near 900 T that was yesterday while the price is almost the same with just a couple of dollars increase.Right now a 315 Mhsh rig which I will turn it off tonight is making about near 2.5 dollars daily,that is not profitable I would say with today price of ETC.

What makes you think price will increase for real and that it will not be a pump and dump thing?

[sp_]

I think that alot of ppl will dump ethereum and move the money back to  POW coins.


https://www.tickcounter.com/countdown/3483296/ethw-mainnet-info-publish-count-down