Ethereum is set to move to a POS (Proof Of Stake) platform sometime in the future. It is still to soon to tell when this may happen as currently its set for June of 2022 with a lot of hints pointing to either late 2022 or possibly early 2023. Regardless one day it will happen then what? GPU mining profits will drop drastically to a point where they may not even make any money for quite some time till things finally level off.
So what happens next? Yes there are plenty of other GPU minable coins you can simply switch to but with the amount of hashrate sitting on Ethereum currently in GPUs that can easily set the difficulty across the top 10 coins over 5x. Difficulty is in a way a silent killer in profits and at times can hurt a coin more then the price dropping itself. Lets take 2 summers ago in 2020 network sits around 200TH and 380MH which is about 12 RX580 GPUs would be making around 0.22 Ethereum per week or 1.2 Ethereum a month fast forward to today that hashrate on Ethereum is now just over 1 PH which is 1000 TH. Now 1 GH which works out to be 1000MH almost 3x more then our 380MH we had before is only mining 0.40 Ethereum in a full month.
So now with Ethereum moving away from POW (Proof Of Work) what happens next? Miners will have to work out there whole farms now this will affect smaller residential miners more then the huge mining farms around the world. Unlike these massive farms residential miners have higher power costs and don’t own there own power plants. So they got to start looking into getting and running the most efficient way possible. That could be adding solar panels but I am leading up to hardware and that’s where the A2000 is currently sitting as king.
There’s lots of talk about hopefully ETC (Ethereum Classic) Or even FLUX making huge leaps and being able to handle this hashrate but in truth that could be years to come still and Ethereum currently has a mass amount of ASICs on it as well that can turn to ETC when the time comes and no other GPUs can compete with that efficiency accept for the A2000 GPUs.
Here is a table I put together threw my own A2000 testing
So what are your plans after the Ethereum Merge happens? following in the simply switch coins theory or are you moving to a new way to run as efficient as possible? Or simply turn off or sell your hardware when the time comes?
4 Comments
Akter
a2000 is good on eth, but i dont agree its the best all rounder on other algo’s based on my tests
based on my tests to date, a 3070 gets 0.4+ efficiency on Flux, 0.38 efficiency on conflux, 1.45 efficiency on ergo, 0.2 on efficiency on conceal. so far, these beat or even the a2000 numbers you linked, and in all cases provide way bigger hashrates (i.e yields) per card, im yet to test other algo’s (excluding ton since that vanishes in 2-3 months). In some cases (flux) every nvidia card I own is more efficient, even the 3080ti compared to the a2000. For reference the 3080ti gets 99.7MH @ 280w (0.36 efficiency). On conceal, every nvidia card seems to get a 0.2 efficiency (memory has no effect on this algo)
Defo interested in more algo’s and tests on other cards
Rabid Mining
Nice input do you have the hashrates and wall power of all them coins you tested? I haven’t done the numbers with my 3070 yet its still coming. Sounds like you found a way better setting then whattomine has found on the 3070 as it only points to a 0.33 h/w will be testing my 3070 here soon though.
Akter
Sure – Each algo i’ve tested, i’ve spent a few hours fine tuning each of my cards (for future reference). Here are my 3070 settings for the 3 different models i’ve tested (all Hive os settings), all power are from wall monitor
Eth/ETC : T-rex for non LHR, Lolminer for LHR
3070 (Gigabyte non LHR) Core lock 1110, mem 2600. 62.2mh at 123w 0.51 efficiency
3070 (Acer OEM) Core lock 1110, mem 2550. 62.2mh at 120w 0.52 efficiency
3070 LHR (Asus) Core lock 1245, mem 2450. 48mh at 120w 0.4 efficiency
CCX (Conceal) : Cryptodredge
3070 (Gigabyte non LHR) Core lock 1550, mem -500. 120 PL 2.53 mh at 120w 0.02 efficiency
3070 (Acer OEM) Core lock 1550, mem -500. 120 PL 2.63 mh at 120w 0.02 efficiency
3070 LHR (Asus) Core lock 1550, mem -500. 120 PL 2.58 mh at 120w 0.02 efficiency
Akter
Ergo : Trex
3070 (Gigabyte non LHR) Core lock 1380, mem 2600. 115 PL 157.1 mh at 113w 1.39 efficiency
3070 (Acer OEM) Core lock 1545, mem 2550. 110 PL 152 mh at 105w 1.45 efficiency
3070 LHR (Asus) Core lock 1380, mem 2450. 115 PL LHR 91.4 143.1 mh at 111w 1.29 efficiency
Flux : Miniz
3070 (Gigabyte non LHR) Core +220, mem 650 150 PL 60.5 mh at 151w 0.4 efficiency
3070 (Acer OEM) Core +220, mem 650 150 PL 62.1 mh at 151w 0.41 efficiency
3070 LHR (Asus) Core +220, mem 650 150 PL 60.4 mh at 150w 0.4 efficiency
I’m still working through other algos over the coming weeks, so haven’t had a chance to finish them yet