Is everyone getting bad earning cause of eth merge?

[thorny horizon]

some of the staff said i was mining different coin so it should not matter

but my earnings are shit aswell

[buoyant maple]

they want u to mine

[thorny horizon]

[buoyant maple]

no point mining even with another miner rn

too volatile

[thorny horizon]

they dont want me to mine

they said the earning would increase or decrease day by day

i am just asking if everyone is getting shit earning

[buoyant maple]

i dont use salad.. anyway but im getting nothing

[thorny horizon]

hm

[buoyant maple]

salad has scope to expand elsewhere esp with this big of a userbase

[thorny horizon]

guess have to wait for bandwidth sharing

[buoyant maple]

ye

direct bandwidths are just good

dont wanna share mah bandwidth with no one :((

[unique moth]

salad ai processing when

pro of ai thing:

• an actual useful thing for gpus to process
• won't run out of demand
  con:
• nothing

pro of mining:

• prove some funny transactions on a useless cryptocurrency that is being used to fuel nfts
  con:
• not useful
• eth merge killed it

[cloud dragon]

You are mining a different coin, but its still unfortunate that earnings are so low. Ethereum was the most profitable coin, so the to move to another one resulted in a lot of people to have significantly lower earnings.

Earnings might improve if the markets for the coins improve, but time will tell. In the meantime, mining is still profitable for most GPUs with average US electricity costs (In some European countries electricity costs might be too high for mining to be profitable at the moment though), just significantly lower raw revenue per 24 hours.

[knotty jackal]

for me

its so bad

it got to .01

daily

[fair roost]

No, it definitely matters

Aside from ETH being the most profitable coin anyway, so moving to another would presumably reduce earnings, everyone else is doing the same. Consequently, you end up with a massive hashrate migration to those other coins which pushes difficulty up and earnings down

[thorny horizon]

I see

[thorny horizon]

Yeah that is what i thought

Just wanna ask others

[fair roost]

so, if we wait long enough, the difficulty will stabilise eventually right? hopefully in the coming weeks

Nobody really knows, but that aligns with my person guess. Although stabalizing doesn't necessarily mean good earnings and it almost certainly won't. Just that some miners will decide that profits aren't worth it and others will keep at it leading to a rough equillibrium between what the mining farms are willing to earn and what they are earning

[fair roost]

im convinced most of the people with massive mining farms will quit, these people use dozens of GPU's to mine and they are adults so they pay for their own electricity, profitability will become a thing of the past.

so ETH merging will be a pretty sweet deal for those who want components for gaming machines, the used marked will be flooded with high end GPU's

I agree. Afaik they pay very little electricity, but the massive firms with thousands of GPUs typically rent the warehouses they use. I kinda doubt they'd be willing to pay out of pocket to leep their warehouses for potentially years before profits pick back up again

keep*

[fair roost]

even with electricity prices being low, it wont be profitable

Indeed. Particularly if they're renting

true