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GPM
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Ethereum merge has gone through, what an absolute mess for anyone GPU mining at the moment! The difficulty has spiked through the roof on every coin, so until things find an equilibrium pretty much nothing is profitable at the moment.
ETC hashrate has gone from like 40TH up to 307 TH at the time of writing this, so I figure it still has some room to grow. I am guessing it will get close to 500TH
Here are some network hashrate changes so far as of this writing. From about a week ago to right now:
ERGO: 25 -> 220 (TH)
Raven: 3 -> 20 (TH)
NEOXA: 1 -> 4 (TH)
ETC: 45 -> 307 (TH)
Flux: 3 -> 6 (Sol)
Firo: 60 -> 350 (GH)
Ethereum had something like 950TH to disperse among these other coins. if 450 goes to ETC, that means 450 will go to the alts. Some rough math on Eth Hashrates compared to these others. So if it is a 2x that means that 1MH on Eth will give you 2MH on whatever it is.
ERGO = 2x
Raven, Neoxa, Firo = 0.5x
ETC, Flux = 1:1
So based on those little numbers I am seeing a swap of ~250 TH to ETC, and 45 TH to some big alts. Lets just double the Alt coin value because I am not tracking all of them.
This gives us like 350TH of power moved over from Ethereum so far. We still have something like 500-600 TH to go!!!
I would guess a lot of the world who mines literally had no idea this was even happening and are really confused that none of their rigs are connecting anymore.
ETC hashrate has gone from like 40TH up to 307 TH at the time of writing this, so I figure it still has some room to grow. I am guessing it will get close to 500TH
Here are some network hashrate changes so far as of this writing. From about a week ago to right now:
ERGO: 25 -> 220 (TH)
Raven: 3 -> 20 (TH)
NEOXA: 1 -> 4 (TH)
ETC: 45 -> 307 (TH)
Flux: 3 -> 6 (Sol)
Firo: 60 -> 350 (GH)
Ethereum had something like 950TH to disperse among these other coins. if 450 goes to ETC, that means 450 will go to the alts. Some rough math on Eth Hashrates compared to these others. So if it is a 2x that means that 1MH on Eth will give you 2MH on whatever it is.
ERGO = 2x
Raven, Neoxa, Firo = 0.5x
ETC, Flux = 1:1
So based on those little numbers I am seeing a swap of ~250 TH to ETC, and 45 TH to some big alts. Lets just double the Alt coin value because I am not tracking all of them.
This gives us like 350TH of power moved over from Ethereum so far. We still have something like 500-600 TH to go!!!
I would guess a lot of the world who mines literally had no idea this was even happening and are really confused that none of their rigs are connecting anymore.