ETH Difficulty

Resonance · July 2017

Quite a bump up in ETH difficulty today. We might not even make it to the mid October.

suthek · August 2017

This scares me. Just lost %10 profit per day in a day.

Brucelats · August 2017

Wondered the same. Huge jump. On my 560 mhs rig my coins earned per month droped from 5.1 to 4.6

mmcruz1979 · August 2017

Also the price for the ETH does not go up... My rig at 188mh/s in june was making almost 1k per month... Now $300... That's crazy!

ckailian · August 2017

oh my. could it be the segxwit implementation for bitcoin affected eth?

Brucelats · August 2017

I heard its something with Ice age. Each 200k blocks big diff jump

yodi · August 2017

mmcruz1979 said:
Also the price for the ETH does not go up... My rig at 188mh/s in june was making almost 1k per month... Now $300... That's crazy!

thats not crazy , every experienced people told you everywhere : - stop believe you'll get profit like june in few month, and wrned you about difficulty and price volatility
everyone was dreaming about profit , and more and more miner , affect it to ... mining is :participate to this, project , not believing be millionaire by did it. so much childs dreamer , and result massive miner , and everytime same question and post with crying here, i m bored now about, what is this nice forum before, since all newbies come to ask and ask same things ever

Brucelats · August 2017

I dont mind losing profit or occurance of difficulty jumps, i just want to know story behind it so i can plan and prepare better. I wonder what caused this huge jump that is different from regular diff increase and how often will it happen or will they fix it (delay ice age).

Also for me. Its a project and fun journey in which i invested money i am able to lose. Just want to learn about it as much possible.

yodi · August 2017

difficulty will rise everytime , to imagine , you can think a day you will mine 0,000000001 / day , on every cryptomoney.
but ethereum pos will come about a bit less 1 year, so think all miners will switch to zcash or probably etc to continu dual mining so difficulty will be big to.
i remember on ethermine pool , at begin 2017 there was around 6000 miner and today 58421 (worker 170889). and 1 rig with 6 gpu (175mh) gave around 0.6 eth day ... now probably close to 0.04 hopefully price rise , but may be not in future we'll see.

Miner8472 · August 2017

i just spent $1300 on a new mining rig, bring on the difficulty rises, this is what it is all about, separating the men from the boys...

samjankus · August 2017

Miner8472 said:
i just spent $1300 on a new mining rig, bring on the difficulty rises, this is what it is all about, separating the men from the boys...

Until you start losing money mining ETH because the difficulty is too high vs. power cost.

Big miners are leasing airplanes to ship in GPUs:
https://cointelegraph.com/news/ethereum-miners-opt-for-leasing-boeing-747s-to-ship-critical-amount-of-gpus

In China where most of the mining is done electricity is much cheaper, so they can afford to keep jacking up the difficulty and still shave a profit.

Brucelats · August 2017

We all understand that but noone rly answers this or post links with information what caused this sudden and huge jump. Its obvious diff rises but not so much in 1 day if its regular difficulty, something else was the cause.

suthek · August 2017

From my understanding, the difficulty increase is based on competition.
(and a small percent is based on DAG and blockchain growth)

https://www.cryptocoinsnews.com/ethereum-miners-lease-boeing-747s-to-ship-amd-processors-share-price-goes-up/

Pretty sure this is why you're seeing the difficulty go up. 747's full of graphics cards to fill chinese mining farms. Big jumps are because a farm just went online. (from my understanding.)
I notice all these jumps (such as the big one from 1.0 to 1.2) are all Monday morning China time.

Type your hashrate into this calculator and you'll get an idea of how long you have until you aren't profitable.
http://www.mycryptobuddy.com/EthereumMiningCalculator

within 2 months a 6 card rig will be lucky to get $100 a month.

Brucelats · August 2017

suthek said:
From my understanding, the difficulty increase is based on competition.
(and a small percent is based on DAG and blockchain growth)

https://www.cryptocoinsnews.com/ethereum-miners-lease-boeing-747s-to-ship-amd-processors-share-price-goes-up/

Pretty sure this is why you're seeing the difficulty go up. 747's full of graphics cards to fill chinese mining farms. Big jumps are because a farm just went online. (from my understanding.)
I notice all these jumps (such as the big one from 1.0 to 1.2) are all Monday morning China time.

Type your hashrate into this calculator and you'll get an idea of how long you have until you aren't profitable.
http://www.mycryptobuddy.com/EthereumMiningCalculator

within 2 months a 6 card rig will be lucky to get $100 a month.

True but dunno how can worldwide difficulty jump for 20% or so in 1 day. Its like someone added extra 1/5 of overall world production in a day.

suthek · August 2017

Brucelats said:
20% or so in 1 day. Its like someone added extra 1/5 of overall world production in a day.

#china #notsurprised #isaid474friggingaircraftfullofcards #andithinkitsmorethanoneairplane

and I notice it just spiked again today... we're going to be dropping hard in profits soon.
the ride was fun.

Brucelats · August 2017

suthek said:

Brucelats said:
20% or so in 1 day. Its like someone added extra 1/5 of overall world production in a day.
#china #notsurprised #isaid474friggingaircraftfullofcards #andithinkitsmorethanoneairplane

and I notice it just spiked again today... we're going to be dropping hard in profits soon.
the ride was fun.

I heard its something with ice age and someone on bitcointalk posted on 27th june that we will see big jump in diff in few days.

Doubt 1 boeing can cover 20% of world production

jsanzsp · August 2017

Every 100000 Blocks the diff bomb gets harder, now we are at stage 6:

https://etherchain.org/charts/difficultyBomb
totally normal.

the end is near

https://forum.ethereum.org/discussion/14354/difficulty-bump-just-today-the-end-of-mining-starting-there-for-real#latest

Brucelats · August 2017

jsanzsp said:
Every 100000 Blocks the diff bomb gets harder, now we are at stage 6:

https://etherchain.org/charts/difficultyBomb
totally normal.

the end is near

https://forum.ethereum.org/discussion/14354/difficulty-bump-just-today-the-end-of-mining-starting-there-for-real#latest

Any clue will they postpone it? Like if POS is i mid next year, with this rate noone will mine eth unless free electricity or so and who will verify transactions?

Resonance · August 2017

Not much to do except keep going until the difficulty increased so much that the cost of electricity is greater than the yield. The real reason I brought this up (a few times) are the poor suckers that keep building new rigs. It makes ZERO sense! They state that they think the price of ETH will go up. If it does, they will make more money buying it directly.

suthek · August 2017

Resonance said:
It makes ZERO sense!

I'm still on the fence. Once ETH drops out of profitable, there are many ALT coins to jump to.

As of today, I'm seeing quite a few very close in profitability to ETH.

breathesumether · August 2017

According to my calculations my dual rigs will only generate 1.3 ETH per month. We need another Zcash! At that time I was peaking 2 ETH/day! and It has gone downhill ever since. Welp, time to sell off my rigs, it was fun while it lasted. Have a great life everyone!

jsanzsp · August 2017

Resonance said:
Not much to do except keep going until the difficulty increased so much that the cost of electricity is greater than the yield. The real reason I brought this up (a few times) are the poor suckers that keep building new rigs. It makes ZERO sense! They state that they think the price of ETH will go up. If it does, they will make more money buying it directly.

+1

ecs87 · August 2017

Resonance said:
Not much to do except keep going until the difficulty increased so much that the cost of electricity is greater than the yield. The real reason I brought this up (a few times) are the poor suckers that keep building new rigs. It makes ZERO sense! They state that they think the price of ETH will go up. If it does, they will make more money buying it directly.

Well...at least there will be a ton of mining rigs/cards for cheap after ETH goes PoS.

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