Profitability will go up just over 20% assuming hashrate and price stay the same. Block times will fall from 30.x seconds to 14.x so the rate of new blocks being found will just slightly more than double. At the same time, block rewards will fall from 5 to 3.Nothing to do with Metropolis, just the natural effects of the Ice Age. It will be interesting to see how the algo change effects things. Block times will be reduced, the ice age removed, but I haven't seen any information on a reset of difficult, etc to calculate profitability. I have a feeling margins will be very slim from here on out unless ETH rises above $500, which I honestly don't see happening anytime soon thanks to the downward sell pressure from ICOs. We're talking billions of dollars in ETH that are in the hands of ICOs and quite a few like EOS have been dumping every time ETH starts to creep up.
Nothing to do with Metropolis, just the natural effects of the Ice Age.
Ah that's what I meant. It's what the hardfork is meant to end, among other things. Anyway it's gotten a lot worse in the last week or so. Like 25% reduction in profits worse.
Weird. According to Whattomine, my profits have held fairly steady the last month or two at $13-16/day with 450MH/s.
Profits have been dropping like a rock as difficulty skyrockets.
Is Whattomine not a very good resource for estimating profits? What is everyone else using?
Weird. According to Whattomine, my profits have held fairly steady the last month or two at $13-16/day with 450MH/s.
As a fair warning, please do not report your exact current hashrate unless you are really comfortable letting people know that. We definitely want to be even more-cautious about that if any of us are still in it for Proof of Stake. It is not a great idea to disclose your holdings or your earnings rate. And no I am not just referring to the IRS here. They have their ways of finding out anyway.
According to nanopool, before power is taken into account, a miner will earn ~$.0467 per MH/s per day as of this post. At 450 MH/s, that is actually $21, which is certainly not bad. Whattomine is not accurate. It is actually underreporting profits. Unless it's taking power into account on your reported figure.
Looking at my own mining data and matching it against my known power usage, using various BIOS-hacked Hawaii cards and taking my desktop out of the equation (I do not always mine with it), I can make $.0227 per MH/s per day as of today. That would be only $10.21 per day with your hashrate. Maybe you are using more-efficient cards? I do not know. But early yesterday, I was down to $.01 per MH/s per day. And at 450 MH/s that would be only $4.89 per day! Really low. Yes there is that kind of variability on a daily basis. My actual profits after taking power into account, went up by over 100% in the last 24 hours. I am still making a profit, technically, but the only reason I am mining ETH right now is in anticipation of a rise and to avoid the hassle of converting some other currency to ETH on an exchange like Poloniex. Besides, ZEC profits are even further down thanks to the influx of Nvidia miners, so for my cards, its ETH or bust I think.
I would trust a pool reporting profits because they know what they are handing out to their miners based on their hashrates, so they have up-to-the-minute data of what they can actually distribute to their miners. Sites like whattomine are making guesses based on hashrate and difficulty/block times. Of course all the pool reports take their fees - generally 1% or whatever - into account before reporting earnings. And of course Claymore gets his fees if you use his miner.
Thanks for the heads up about reporting hashrate. I didn't know that was an issue.
Maybe my estimated profits don't fluctuate as much due to using a mix of Polaris and Pascal cards? Either way, I'll start using my pool estimates and see how that lines up with Whattomine.
I hear you. But I'm confident that it's only a matter of time before the price goes well beyond $350. I'm content to reap increased mining rates and hold until then, as it will mean greater profits.Now that we're into Byzantium, my mining profits are up by about 20%, despite the drop in ETH price. Honestly I'd rather have ETH go back up to $350 instead but whatever.
Been great in upstate NY, got everything cranking, with the windows open. ~40f outside, ~65f insidenice wearher is here, i should put my hawaiis back to work. burned out a seasonic power supply last time i did that, though, and was down for a couple weeks.
What's this about?Um, no. Thanks for trying to take the hobby out of the hobby and turn it into somebody's business. I'll pass.
And since you just registered to post this: I'll report the post as well.
is there a safe and quick way to check my old wallet.dat from 2013? I haven't touched the file since, and I had it password protected (I remember the password), but I would like to check it without having to download a massive amount of data