At first glance, one might assume that unlocking staking rewards would cause people to withdraw their coins immediately, leading to a bearish market. However, this assumption overlooks the fact that many people who stake their coins do not plan on immediately unlocking them. Instead, they use staking providers like Lido and Rocket Pool to gain liquidity even before their coins are unlocked on the main chain.

The Shanghai upgrade has been a success, and it could lead to an increase in the total number of staking coins. People who previously hesitated to stake their coins due to the fear of not being able to unlock them may now feel more confident in doing so. This increased staking activity could be a positive sign for the markets, as it demonstrates a greater commitment to the Ethereum ecosystem.

Furthermore, the Shanghai upgrade has introduced several other improvements to the Ethereum network, such as reducing the gas fees required for transactions. This reduction in fees is another positive sign for the Ethereum market, as it makes the network more accessible to a wider range of users.

In conclusion, the Shanghai upgrade is an exciting development for the Ethereum community. The unlocking of staking rewards may seem like a bearish signal at first, but it actually represents a greater level of confidence in the Ethereum ecosystem. The success of this upgrade could lead to increased staking activity and a more accessible network, which could ultimately lead to a more bullish market.

It’s worth noting that Ethereum made a significant change back in September 2022 when it switched from proof-of-work (PoW) to proof-of-stake (PoS). This change means that Ethereum is now a stake coin, which has several advantages over PoW coins. For example, PoS is more energy-efficient and can handle a greater number of transactions. Additionally, with PoS, stakers have a greater say in the governance of the network.

Most popular ETHASH Asic miners :

• Antminer E9 pro

• IPOLLO V1 MINI 300 mhs

• JASMINER X4-Q 1040MH 370w

As a result of this change, some popular ETHASH ASICs are no longer able to mine Ethereum, but they can still mine other coins like ETC and ETHW. This change has led to some shifts in the mining landscape, but overall, it has been a positive move for Ethereum. The shift to PoS has been in the works for several years, and it represents a significant step forward for the network.

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Ethereum 2.0 is having its biggest update up to date on 1^st December 2020. Ethereum has been planning this upgrade since it launched in 2015. This upgrade will be implemented in multiple phases, and the phase 0 will launch just in few days at the time of this post. The phase 0 doesn’t mean much and wont affect correct Ethereum ecosystem/network at all. But it is a big step in the future of finally launching ETH 2.0. It is really big change for us miners. As much as I love mining ETH, because of this upgrade we wont be available to mine Eth in next 2 years as we are used to with GPUs and mining hardware. So what ETH 2.0 really means , I will try to explain this in my own words and how I understand it.

1.Whats is Ethereum 2.0 and how it will affect us miners

There will be implemented 2 biggest changes, which are planned to improve and increase Ethereum transaction amount. Biggest challenges what Ethereum currently is facing is the scalability. Network hasn’t been used more then ever currently. The issue is there is only limited amount of transactions can be executed . Because of this everyone is fighting for the block space on Ethereum and this is why transactions getting more and more expensive. So the ETH 2.0 will try to solve this issue by the upgrades which is changing Consensus algorithm and implementing sharing.

Consensus algorithm – currently Ethereum is running on POW which is mining as we know it using our hardware to secure the network and transactions. In ETH 2.0 the Consensus algorithm will be changed to POS, which is staking. So you wont need anymore hardware but you will need software running + 32ETH. This is how much will cost your mining rig. The idea between POW and POS is very similar you need capital to mine Ethereum, only thing POS should be more energy efficient. As in POW there is a lot of energy been used to secure the network.

The biggest downside what I see on ETH 2.0 Proof of stake , is that to have validator(mining rig). You will need 32 ETH which at the current price is 17000usd. This is quite lot, as onboarding on POW is lot more cheaper. But this is also tricky question as seen many projects are trying to implement staking pools. Which basically means people putting money together to gather 32Eth which is enough for Validator.

Sharding – it is and upgrade to improve network efficiency. So how I understand this, You have a country and in the country to make it more efficient you have multiple states. Same thing here where ETH 2.0 is the country ,which is responsible for all the shards(states). Shards will be the states to make it more efficient. For example one shard for Exchanges other for lending/borrowing…etc. This way you can scale the transaction amount done on Ethereum network.

2.When we can Expect Ethereum 2.0

Ethereum 2.0 phase 0 is launching in 1^st December 2020. Phase 0 is just a beacon-chain , which will be used for testing purposes currently only. To launch beacon chain we needed to put minimum 524000 ETH into smart contract with one way ticket a week before ETH 2.0 can be launched. This has currently happened and ETH has secured to launch ETH 2.0 on 1^st December. So it is happening you want it or not. If you want to be part of the ETH 2.0 chain this is the website where you will deposit 32 ETH into ETH 2.0. Depositing your Ethereum in this smart contract is one way ticket currently and you wont be available to withdraw your ETH until ETH 2.0 is fully launched. This might be not for everyone, as there is a lot of risk involved if you only expecting for Ethereum price increase.

3.How Ethereum 2.0 will be launched.

Ethereum 2.0 will be launched in multiple phase. Phase 0 which is launched on 1^st December. Phase 1, phase 1.5 and phase 2 which should be fully functional ETH 2.0. Where ETH 2.0 will be the main chain and the current ETH chain will be implemented as one of the shards.

4.What requirements need to have ETH 2.0 Validator

You will need 32 ETH to launch full validator for ETH 2.0 , this will bring you staking rewards. You wont be available to withdraw your 32 ETH until the ETH 2.0 fully will be launched, which is expected in 2 years from now.

5.where to setup ETH 2.0 validator

ETH 2.0 deposit can be done trough https://launchpad.ethereum.org/

This is only one step. You will also need to run software for this validator 24/7. Be aware that if you wont be running the software 24/7 you will be penalized/slashing. Your amount of ETH from your validator will be lost forever. So this is lot more different  then currently running mining rig or running validator on ETH 2.0  . It your mining rig is offline currently you don’t loose anything , but if ETH 2.0 is offline there is amount deducted from your 32 Ethereum coins.

6.My thoughts about ETH 2.0 upgrade

As much as I love mining and don’t want ETH 2.0 to happen just because I wont be available to use my GPUs for mining ETH anymore. It will be very sad to see ETH mining finish as we have all used to it. I will miss ETH mining very much as I have spent last of my 5 years in it. It helped me to understand and learn a lot about Ethereum and blockchains. Also I use Ethereum network very often for day to day transactions. Interacting with smart contracts. Lending, borrowing liquidity mining and trading. And I know how painful is to pay crazy high transaction fees. So if this fixes Ethereum scaling issues and it will be lot cheaper to use. Let it be, I’m very big Ethereum supporter and I want this project to succeed. And be the financial network which has started financial revolution. I believe that we will have very soon new financial system and the current will be history. I do understand this,  by using Ethereum for day to day transactions. I feel this is more efficient, you can interact with financial instrument without any 3^rd parties.

So how does the DAG file affect mining?

Graphic cards usually comes with memory size 2gb,3gb,4gb,6gb  and so on. This means if the DAG file is bigger then the memory module size on graphic cards , you simply wont be available to mine with your graphic card. If your GPU memory is bigger then DAG file ,you will be available to fit this DAG file on your card and mine with it. There is a lot of cards dropped already from mining ethereum.

But biggest drop probably will be when DAG file reaches 4bg size, because most of the mining farms where using 4gb RX 570/580/470/480  for mining Ethereum.  Because they have been the best price per hash and best watt per hash. If we check hiveos software statistics we can verify this https://hiveos.farm/statistics/ :

• 23% RX 570 4gb
• 14% RX 470 4gb
• 12% RX 580 4gb
• 2% RX 480 4gb

Roughly 50% from all AMD cards using hiveos is 4gb cards, and AMD has been the best performing Graphic cards for Ethereum mining.

So there is few things what you can try to expand you mining life with 4gb cards. They already are starting to make issue. Using software like Ethos and claymore miner, incorrect drivers etc…

So the things to do :

1. Ensure you’re running HiveOS on the latest stable version and updates.
2. Switch your miner to the latest version of TeamRedMiner, Ethminer or Phoenixminer.
3. If your CPU has built-in graphics (iGPU), you can try enabling Internal Graphics on your motherboard’s BIOS and ensure it’s set to Default (Only applies if you have a monitor connected).
4. If you’re still running into issues after trying the above, try removing the “REF” parameter in the overclocking panel.

Using phoenix miner you will get the cards working till at-least epoch 372-373 which is end of October.  You can achieve this also on windows but you might run into issues if you run incorrect drivers, best drivers to use is 18.12.1.1 to 19.7.5

Ethereum classic DAG file will reach Epoc 372 slightly faster around mid September , So i think Ethereum classic is in trouble of getting 51% attack around that time.

You can also check out Cryptomojo Au for more on cryptocurrency and its trends.

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First off all you need to understand how Blockchains work , so for example Ethereum you have the block rewards which is currently 2 ETH paid out to mining pool who finds the block averaging 15sec a block (13500 ETH/24h)

Then there is transaction fees, to process transaction on Ethereum you have to pay GAS fee which is calculated in Ether . All these transaction fees are paid out to mining pool who has found the block and recorded all these transactions on this block. These transaction fees currently is over 5000ETH/24h .

The fees are at the highest they have been, since May up-till now they are higher then total bitcoin fees.

So this is where the hidden ETH mining profits are coming from. To test this out i have tested 11xRX5700 gpu Ethereum mining rig for 24h mining on hiveos ethereum mining pool.

Conclusion is that check multiple mining calculators to get the most accurate result . Like cryptocompare mining calculator does not have latest data from transaction fees,  whattomine showing accurate results for me.  Or the best solution test yourself, pools sometimes also could affect your payot amount, depending on size of the pool and payment structure.

Which mining pool do you get the best results?

For the last day i have been working on some stats and ROI for 2 types of investment for 12xGPU RX5700 MineBox 12 mining rig and Innosilicon A10 ETH ASIC miner. My goal was to let the data speak about it self and then make a decision what is better investment for ethereum mining GPU or ASIC. Im compering 2 most efficient miners :

1. ASIC miner Innosilicon A10 , costs 3000usd(specs. 500mh/s at 860w)
2. GPU miner MineBox12 , cost 4487euro ( specs 700mh/s at 1800w)

Miner price is about the average would it cost to you 12xGPU mining rig might cost you 100-300 cheaper if you would build one yourself. Innosilicon A10 would cost you lot more if you would like to import it out of China. Price would be closer to 3500euro + you would need to buy power-supply for it.

I have created google spreadsheet and inserted the GPU data and performance by the current currencies price and mining profitability. Included also my thoughts about advantages and disadvantages using GPU or Asic miner:

Opinion based on mining profit data. We can see that MineBox 12 ROI if electric price is free or very cheap is faster then ASIC miner A10. And even at 0.10c a kw/h at current Ethereum price there is only 80day difference on Equipment payback time. But the biggest thing is for example when your miners are paid back your investment. You still are available to resell your MineBox 12 hardware for other use case or just mine different coins. Where with Innosilicon A10 you can throw it into bin as soon as ETHASH coins are not profitable to mine. This is the biggest downside of Asic miners. So to answer your question is ETH asic mining coin. My answer would be Yes ASIC miners are slightly more profitable , BUT they are not worth the risk you are getting by buying one. Also you can see clearly that GPU miners has lot more advantages then Asic miners. The difference on ETH miners are not so noticeable then like it was Bitcoin GPU vs ASIC mining. There is still profit to be made with GPUs mining ETH. If ETH switches to new POW ProgPOW , again another benefit for GPU rigs as the same GPUs are quite efficient mining ProgPow. Buying and Asic miner there is to much risk, saying from experience. Have lost a lot of money, my last adventure bought 5xAntminer S17 back in November and 4 of them hashing boards stopped working after 1st week. Not counting the previous purchases Antminer D3 etc..

Let me guys know what you think about this, would your rather use ASIC miner for mining ETH of GPU miner?

Specially for new miners, its very hard to choose graphic cards. There is so many different models and types. Some of them are better doing then others on different mining algorithms. Amd is usually better from memory hard mining and NVIDIA usually for core hard algorithms. Simplest is to choose when you know which coins you want to mine. As im recommending to mine top market-cap coins because they will be your safest and most stable mining investment. Just because they have large size network, larger network means they are also more popular and most likely needed.

My current review in June 2020 which graphic cards to use are two types. From Nvidia graphic cards from value range 1660Ti and from AMD RX5700. Both of these graphic cards has quite impressive performance on mining Ethereum and Ravencoin. Which are the top GPU mine-able coins currently. Bot of these graphic cards are at around the same price range where RX5700 is slightly more expensive averaging at 330 euro per card. And 1660Ti is at 280 euro price tag. You choice of graphic cards depends also of course from the graphic card price you can get. someone might get better deal then others.

So to calculate which cards will do your ROI the fastest you’ll need to calculate.

• how much hash-rate you’ll get with this card?
• how much power uses my graphic card?
• how much revenue it will bring?
• how big profit it will make daily?

The main question is how much profit it will make, because when you devide this number with the GPU price you paid. You will get your ROI timing.

To calculate which GPU is better ill take 2 exactly the same mining rigs, just with different graphic cards:

1. 12xgpu mining rig in closed case with 12xRX5700
2. 12xgpu mining rig in closed case with 12x1660Ti

Where RX5700 will be mining Ethereum as they are most efficient on ETH. 1660Ti will be mining Ravencoin, as best results it does have on mining Raven-coin.

• Performance mining Ethereum 12xRX5700 670 mh/s @1800w power usage. Graphic cards bios has been modified, OC settings- Core clock 1340 – mem 910mhz – core voltage 760 – watt 119

• Performance mining Ravencoin 12x1660Ti 180 mh/s @1400w power usage. Graphic cards OC settings mem +1200 – Power Limit 105

Both of these mining rigs uses hiveOS mining software.

When inserting all this data in mining calculator we are getting results, profit results for you might be different if you use different electric rate:

• RX5700 revenue is 10.40usd in 24 hours and profit is 6.08usd

• 1660Ti revenue is 7.36usd in 24 hours and profit is 4.03usd

Keep in mind Crypto currencies are extremely volatile , and these numbers can show different stats different day. But calculating averaging winner winner chicken diner is RX5700.

So my absolute best choice would be RX5700 they are just better earner, also they are not bad on mining RVN coin. Hasrate is about the same as 1660Ti, just uses slightly more power then the 1660Ti.

1660 Ti is amazing performer in mining , its great by price per hash and watt per hash. The low power usage keeps the graphic card very cool. So i decided to compare which is the best coin to mine on these graphic cards .Two most profitable coins currently for mining are Ethereum and Ravencoin .

System setup:

• all in one 8xgpu mining rig case
• 8x Zotac 1660Ti graphic cards
• hiveOS

Testing Ravencoin

• OC – (+150core, +1400mem, 115PL)  Performance 123-128mh/s @1090w
• OC – (+150core, +1400mem, 100PL) Performance 123-128mh/s @650w

Testing Ethereum :

• OC – (+150core, +1600mem, 100PL) Performance 232mh/s @650w

After inserting this data in profit calculator Whattomine, clearly can see that these cards currently is the best to use for mining Ravencoin (ETH -3.57us , RVN-4.88usd)

Even the GPU mining profit is still very low, these would be the one of the best graphic cards choice for mining. Specially if you electric price costs over average electric rate.

This is very important, even more when profitability is very low. Here are the steps we did:

Tools needed :

GPU-Z – https://bit.ly/32LonaI

flasher – https://bit.ly/2TlZlMl

BIOS editor – https://bit.ly/2IcYNSC

GPU BIOS collection – https://bit.ly/3crXCfV

So for test purpose we have had 2x RX5700 non XT version. We have edited timings and also upgraded nonXT version to XT.

Follow the steps:

• Download you gpu bios to backup with gpu-z

• Extract flasher to your C: drive

• Download Original XT version from GPU BIOS collection

• Open XToriginal.rom with BIOS editor and edit timing straps and save bios in your flasher folder. Straps edited copy 1500mhz to lower 1850…..etc (similar way as RX570 4gb cards) . These cards does have 2 bios, so edit both of them, after each time editing you need to save. This tool doesnt allow you to edit 2 bios at the same time.

• Now you need to upload these to your graphic card. Open command prompt as administrator . Navigate you you flasher folder  (cd => cd flash => amdvbflash -i ) this will give you information of the gpu connected in your system.

• Next you need to unlock gpu ROM to upload new BIOS type in cmd( amdvbflash -unlockrom 0 ) 1,2,3 if you have more then one gpu

• Last upload new BIOS to you GPU type in cmd ( amdvbflash -p -f 0 newBIOS.rom ) newBIOS is your saved .rom file name

After flashing, the computer must be restarted. We can already admire the new data in GPU-Z. In this case I had set the boost clock a bit higher. Now the value is no longer 1925 MHz, but 2104 MHz. In real terms the card reaches 2050 MHz with the right cooling.

Easy as that, reboot your system and your hash-rate should increase. If you have done everything explained here. Other flasher versions wont work , download links provided on top of the post.

Video here:

So a month ago, who ever is following seen that i have made a research, to generate more Bitcoin in bull market. The idea basically was to spend 2btc on 10 altcoins, 0.2btc each altcoin. Usually in bull market altcoins are outperforming Bitcoin and this reaserch will prove if this is true. This is the post what top ten altcoins i have bought in 2020.

I could not make up mind for 1 year what would be the best time to buy ALTS. And man i have chosen some great time, i have gained +32% in BTC. So my total capital now after one month is 2.64BTC.

So far the Best performing Assets has been Ethereum, Cardano,Chainlink,Tezos. Where Tezos has been the best performing 100% gains in one month.

There has been only 2 coins worst performing then Bitcoin, Cosmos -1.94% and Synthetix 23.48%

Because of the Bitcoin was performing very well this month, if we look at the value of usd gain is nearly 70%. If i was using usd and purchased all these coin in one month from initial investment 16220$ my current holdings are 27440$ . This is 11220$ profit in 30 days. These numbers are crazy.

Lets see if this will last, im quite confident it will. Please guys think with your head don’t think with your emotions when trading. I know it is hard when you missed 20% upswing in one day. Rather stay out of the trade and wait for pullback. In 90% it will come down to retest this high spike, don’t chase shooting stars.

Round dutch cattle is living in the forest and eating wood. Only because there is a lot of healthy fiber.

Hunter like the rib roast dinner fresh.

We have made a challenge:

We have anonymous sponsor. Please watch the video there is 12 word seed phrase , from Ethereum wallet hidden witch holds 10 Ethereum. There is 6 words hidden in this youtube video(could be in description,title, or video itself) and 6 words in this Post. Don’t expect it to be easy, its a lot of money 10ETH currently = 2600usd.

This is the wallet address holds 10ETH – https://etherscan.io/address/0x9C2F44EFAd0c1E852a09dF9939e6DaF061140CaF

For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.

If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.

If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h

Top mining profitability websites :

• https://www.asicminervalue.com/  It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

• https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.

• Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

• Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

• DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s @2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.

Any miner suggestion, what would be your best choice and why?

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