Tag: ethereum mining

Sep 17 2022

Death Of GPU Mining? Popular Crypto Profits Go Into Negative As Ethereum Miners Flood Market

Mining profits of the PoW cryptos have gone into the negative following the Ethereum merge as ETH miners flood the hashrates of these other coins. Mining Profits Of Popular Proof-Of-Work Cryptos Like Ethereum Classic Crater After The Merge A couple of days ago, the much awaited ETH merge finally arrived and transitioned the network into a PoS-based consensus mechanism. Since...

Sep 15 2022

100% in 7 Days – Ethereum Miners Moving to mine Ravencoin after ETH Proof-of-Stake Merge?

After many pauses, the Ethereum merge finally happened. Ethereum is now successfully moved from PoW to PoS. Yet, not everyone is convinced of the move to proof-of-stake. Some Ethereum miners could split off and start their network via a hard fork or some miners are already moving...

Sep 14 2022

Ethereum Miners Increasingly Choose Classic As Merge Approaches

Sep 14 2022 Published at Bitcoinist.com under tags  etc etcusd etcusdt eth ethereum

The Ethereum Merge is scheduled to go live in less than a day, which would move the network completely from a proof of work mechanism to a proof of stake mechanism. This essentially puts Ethereum miners out of business, meaning they have to find somewhere else to move their mining machines to. Like always, Ethereum Classic has been there to pick up the...

Jul 04 2022

Head To Head: Bitcoin Miner Revenues Surpass Ethereum But There’s More

Jul 04 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin mining btc btcusd eth

The profitability of bitcoin mining has been dwindling compared to that of Ethereum in recent months. Ethereum miners had consistently surpassed bitcoin for almost a year. That is until now when the returns from bitcoin mining have taken the lead once more. Bitcoin Miners In The Lead Data shows that bitcoin miners have been recovering in...

Jul 03 2022

GPU Prices Decline 57% Since Jan As Ethereum Mining Profits Go Down

Jul 03 2022 Published at Bitcoinist.com under tags  amd eth ethereum ethereum mining ethusd

Data shows GPU prices have continued to go down recently as Ethereum mining profits have been observing a decline. GPU Prices Plunge As Demand From Ethereum Miners Fades Data from the tech outlet Tom's Hardware suggests graphics cards prices continued their drawdown in June as they plummeted another 14%. Back in 2020, owing to a bunch of factors...

Jun 27 2022

Ethereum’s Merge to Reduce Demand for GPUs, says Morgan Stanley

Summary: According to a Morgan Stanley analyst, demand for GPUs should reduce with Ethereum transitioning into a proof-of-stake network. The crypto drawdown has further reduced the profitability of Ethereum mining. However, the Ethereum mining community could venture into alternatives such as Ethereum Cash and Ravencoin. Ethereum's transition from a proof-of-work algorithm to proof-of-stake through the Merge of the Beacon Chain with the ETH...

Jun 24 2022

Ethereum Hashrate Plunges Over 10% As Mining Profitability Drops

Data shows the Ethereum mining hashrate has declined over 10% in the last month as miner profitability has dropped. Ethereum Mining Hashrate Takes A Dip, Now Only Around 862 TH/s As pointed out by an analyst in a CryptoQuant post, factors like the declining ETH price and the coming merge is forcing some miners to disconnect their rigs. The "...

May 09 2022

Nvidia LHR Fully Unlocked: “NiceHash” Allows 100% Ethereum Hashrate On RTX GPUs

The NiceHash mining software has released an update that unlocks 100% Ethereum hashrate on Nvidia's LHR RTX graphics cards. Ethereum Miners Can Now Completely Circumvent Nvidia's LHR The "Lite Hash Rate" (LHR) is an updated version of the RTX graphics cards series that comes preinstalled with a limiter on the mining power. There was an industry wide silicon chip shortage last year that,...

May 04 2022

Proof-Of-Profit: Ethereum Mining Brings Better ROI Than Bitcoin

May 04 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin mining btc btcusd eth

Data suggests Ethereum mining has consistently been providing a better ROI than Bitcoin since the beginning of 2021. Mining Ethereum Has Been More Profitable Than Mining Bitcoin According to the latest weekly report from Arcane Research, ETH miners' revenue has been higher than BTC in the past year. The relevant indicator here is the "...

Apr 14 2022

Ethereum’s Merge will no longer happen in June, new date unknown

Apr 14 2022 Published at CryptoSlate under tags  defi eth eth 2.0 ethereum ethereum 2.0

Ethereum’s highly anticipated transition to a Proof of Stake (PoS) consensus that is anticipated to be live in June is set to be shifted to an unknown date, this was...

Mar 25 2022

GPU Prices Drop By 30% In Two Months; Is Ethereum’s Move To PoS Behind This?

Ethereum (ETH) is set to shift to a proof-of-stake (PoS) model later this year, which will see the token forsake traditional mining for staking. But this move has the added impact of reducing the prices of graphics cards (GPU), which are a...

Mar 22 2022

Just-In: EU May Revive Down Voted Proof-Of-Work (PoW) Ban This Week

European lawmakers successfully voted against a proposed ban on proof-of-work (PoW) cryptocurrencies last week. But as per regional law, the proposal could be revived this week to face a second round of voting. PoW ban could be reintroduced After being approved by the EU Parliament's economic committee last week, the Markets In Crypto Assets (MiCA)...

Feb 22 2022

New Nvidia RTX LHR Unlocker Opens Up 100% Of Ethereum Hashrate

Info about an upcoming LHR unlocker for the Nvidia RTX 30 series claims that the software unlocks 100% of the Ethereum mining hashrate. Nvidia's LHR Completely Unlocked, Claims Yet Unreleased Software A new hashrate unlocker for mining Ethereum and other coins on Nvidia's RTX 30 series has surfaced up, and it makes some interesting claims. As per its GitHub...

Jan 31 2022

Nvidia’s LHR Effort To Stop Ethereum Miners Was A Failure, Reveals Report

Jan 31 2022 Published at Bitcoinist.com under tags  eth ethereum ethereum mining ethusd miners

A report reveals that Nvidia's efforts to stave off Ethereum miners from using their GPUs for mining was apparently a failure. Nvidia's LHR Couldn't Stop Miners From Mining Ethereum As per a report from PCMag, it seems Nvidia's LHR- version graphics cards weren't sufficient to...

Jan 21 2022

How one Ethereum miner earned over $500k in block rewards

Jan 21 2022 Published at CryptoSlate under tags  bitcoin mining ethereum mining mining

One Ethereum miner could be the luckiest in the space, as he single-handedly mined an entire ETH block and earned himself a cool reward of 168 ETH worth roughly $500,000. Solo miners get lucky with Ethereum and Bitcoin Rewards The said miner was operating through the 2miners: Ether SOLO pool on January 17th. Per...

Oct 08 2021

Sep 28 2021

China’s Crackdown Hits Ethereum Hard As Authorities Shut Down Over 10,000 Mining Rigs

Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And with energy concerns being a problem, China had...

Sep 27 2021

Sep 13 2021

Ethereum Milestone: Mining Hash Rate Sets New All-Time-High

Sep 13 2021 Published at Bitcoinist.com under tags  eth ethereum ethereum mining ethusd mining

The Ethereum mining hash rate has reached a new all-time-high (ATH) value after completely recovering from China's crackdowns. Ethereum Mining Hash Rate Makes New ATH The ETH network hash rate has made a new ATH record as the average daily hash rate reached 715k GH/s on Sunday. As Ethereum currently...

Aug 19 2021

Nvidia Ethereum Mining GPUs Underperformed in Q2, Reveals Financial Report

Aug 19 2021 Published at Bitcoinist.com under tags  eth ethereum ethereum mining ethusd nvidia

According to Nvidia's Q2 earnings report, Ethereum mining GPUs didn't perform up to expectations. And that's despite the company noticing a record 68% increase in total revenues. Nvidia Q2 Revenue Surges 68%, While Crypto Mining Cards Underperform Nvidia has announced the financial report for second quarter of fiscal year...

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