AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Is shark mini 4 gpu profitable9/15/2023 Ignore ZEC, ZEN, CKB, GRIN, and MWC, because they are mined on ASICs, as well as Monero because it’s mined on CPU. Now we just have to multiply these values. Coinmarketcap will help with exchange rates. Let’s go to 2CryptoCalc, click on the desired coins and take note of their block reward and block to find the time. Let’s see how much GPU miners make on other coins and algorithms. Ethereum Classic, Ravencoin & Ergo Mining Profitability Without making the same calculations for Bitcoin, let me just say that the resulting number is much lower. Let’s multiply 6,200 by 2.1 and by Ether’s exchange rate of $1,750. You can verify these values on the Ether page on 2CryptoCalc or through any other source. If we add an additional reward (e.g., for transactions), we’ll get 2.1 ETH. Miners get at least 2 ETH for each block. So every day 6,200 new blocks are found in the network. Some ASICs also mine Ethereum, but their amount is insignificant.īlock find time in the ETH network is 14 seconds. Can you imagine? 95% of GPUs mine Ethereum, which means that most GPU miners are Ethereum miners. Today Ethereum miners earn more than Bitcoin miners. GPU Mining Profitability Ethereum Mining Profitability But first, let’s make sure we understand what’s happening right now. Here, I would like to share my thoughts on what’s coming and what to do after the Merge. This article already explains all you need to know about this, but it’s a long read and not everyone will make it to the end. When the timer stops, it will be the end. You can follow the countdown on this page. Ether mining is supposed to stop on September 14. There are many other coins to mine of course, but it’s the end of an era. In simple terms, it will put an end to Ethereum mining. You’ve probably heard that Ethereum is shifting to Proof-of-Stake. Now imagine my frustration when the exchange rate went up in 2021, and people were selling those ASICs for $1,500 and more! Ethereum (ETH) Shifts to PoS I struggled to sell Antminer S9 and 元+ ASICs even for $100–$200. Everybody is mining: housewives, car wash owners, you name it. Back in 2017, only geeks were interested in mining. At the beginning of summer 2022, the hash rate exceeded 1 Ph/s, which was 30x higher than in 2017. In 2020, when I sold almost all of my equipment, the hash rate reached 150 Th/s, which was 5x higher. I started mining in 2017 when the hash rate was a little over 30 Th/s. The chart shows a hashrate – all the equipment involved in Ether mining in the present or past. Let’s open Ethereum’s network hashrate chart and click on ‘All-time’. I will try to write in simple terms so that it all makes sense to as many readers as possible. 2Miners contributors always say that one of the biggest advantages of cryptocurrencies is their transparency. Luckily the community still has active expert miners. People used to hang out on pages like this one to monitor the network, and now they barely understand what a bat file is. Sadly, I noticed that many beginning miners are unwilling to dive deep into the subject anymore. With each period of growth came a new wave of miners. I kept following the 2Miners chat because it is the best channel for mining in Telegram. Had I been more inventive, they could have looked like this. They do the job, but their aspect is extremely embarrassing (see below). I’ve built two rigs that are still heating my small country house in winter. Those GPUs were completely worn out: 4GB and 8GB RX 580, a few 1050 Ti, and a couple of 1070 Ti cards. If you read my first article, you’d know that I was going to use GPUs that I wasn’t able to sell to build a few rigs and heat my country house with them. I stopped mining in 2020 when exchange rates fell. Mining profitability of other coins will grow Other coins are as profitable as Ethereum, so I can mine other coins
0 Comments
Read More
Leave a Reply. |