I just started mining ETC and I wanted to testsend some ETC to bittrex. Is it true that it can take several days due to the recent attacks? How long exactly do I have to wait?
I put it up 1 hour ago...
Everyone who mines Ethereum and Ethereum Classic on 4GB cards is aware that the DAG file is growing, and after three months it won’t be possible to use the existing equipment. What can be done? There are three main options:
Everyone decides for themselves which path they want to take, and we’ll do some math and calculate how much we’re talking about for each of these opportunities.
Sell now and buy a new fleet
So, you decide to get rid of rapidly aging equipment and acquire a new fleet. According to information from the Internet, we can conclude that 50 new cards will cost about $10,500 - $11,500. If you sell your old cards for $4,000 - $5,000, then the volume of investments in the project “I continue to mine Ether profitably” will be about $6,500. And the payback period will be about 6-8 months.
Mine till the end and change cards for new ones later
Perhaps this is the riskiest option of all, since there is a high probability that the cost of cards will increase at a time when it will no longer be possible to mine Ether on 4GB, and everyone start urgently switching to 6-8GB cards. It’s unlikely that you would be able to sell your old cards for more than $30-$50, so for 50 outdated cards, you will get about $2,000-$2,500. The investment in the new fleet would require at least $10,000, and considering that the prices are increasing, it may exceed $13,000.
Mine till the end and switch to another coin
And finally, the third possible solution. It also suggests using 4GB cards as long as there is a resource and on the most profitable pool. For example, you can join the CoinFly pool that offers +10% to everything that you’ve mined until the end of September.
Then you can simply switch to another promising coin, for example, Metaverse, Quarkchain, Callisto, Ravencoin, Beam, ZANO, Haven protocol.
An analytical look at the price of Etherium and a projections of future prices. Should we trust such analytics?
Im thinking of setting up a Mining rig and starting off with 4 3080's and possible ugrading to Big Navi when they come out. Is it worth investing into a setup now or just take the money and invest. Based on the current calculations I would become positive after 180 days of mining. I appreciate any advice I can get before the investment!
Weekly Crypto News Roundup - 15 Stories You Should Know About (13th of September - 20th of September)
A few days ago I used cryptocompare.com’s mining calculator for ETC with these inputs: - Hashing Power: 291 MH/s - Power Consumption: 1550 W - Cost per kWH: $0.125 - Pool Fee: 1%
A few days ago it calculated 4.05 ETC per day, 28.37 ETC per week, 121.57 ETC per month and 1479.11 ETC per year.
Today I refreshed the page and it tells me with the same input data: 2.10 ETC per day, 14.69 ETC per week, 62.95 ETC per month and 765.91 ETC per year.
It dropped almost to the half. What happened? If it’s getting lower, I’m not sure it worth to mine it.
After 10 minutes I refreshed the calculation again and it says now: 1.63 ETC can be mined per day with the same hashing power.
Presentation - Modified Exponential Subjective Scoring for #EthereumClassic (ECIP-1100) - Sept. 23 2020 2PM UTC
Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.