Got to say, you did some really good work with the data 👍🏼

Miners makin’ more money once again!
Gas rates back to ‘normal’

Loss of opportunity goes both ways when you are mining - because you cashed out and because you didn’t cash out

Won’t comment on the buyers of coins though, they have a lot more to worry about

Couple of other changes I should have mentioned, that happened during the last few weeks - MEV bots and Gas Limit Raise

I look at operating costs this way. I ask myself a simple question. Would Ethereum grow at a rate that offsets your local bank’s lending rate? Over a year, it seems risky, but you know what the interest is going to be (that is one sane, reliable thing about centralized systems) and you know your op. cost.

So you mine away and have stop losses in place, just so you are not screwed over totally. But here’s where I see the truly great thing about crypto - maybe the very next week’s peak is enough to cover your year’s interest. Cash it out immediately, set it aside. Now as long as mining is profitable for your electricity rate, why cash out daily or even monthly? Cash out in portions at the end of any of the bull runs that happen during the year without worrying about making the bills.

Like you said it is never good have everything in one basket and be utterly faithful. I hold and wait for the right time and have enough liquidations options in place so I not holding a worthless bag. This is a golden rule everyone should follow. But as long as you believe in the currency and its real world application (unlike Bitcoin, which is ostensibly just the brand value) I don’t think anyone should live in fear of cashing out at every given chance. The loss of opportunity weighs too much.

Actually, no. The point of OP’s post was that Ether rewards collected by pools have gone down over the week. This is true. And this in turn has affected the rewards to individual miners, along with the lower rewards due to the extra network difficulty/hashrate.

Whether you cashed out this week or at a high today, it is still going to be less than what you earned last week - fiat or otherwise.

I find more value in Ethereum, so I keep it as it is

For me it’s simple math. I was mining last week and mining this week - did not cash out. When do you think I earned more?
Definitely last week

It is how you look at it when you cash out, I guess - per diem. But going by OP’s data close to ~61TH/s was added between the 2 days. As long as we used the game sample space during these periods and there were no major shifts to any outliers, we could say it gives a true picture of closed ecosystem. Now we know the block rewards and no. of blocks, so the other major parameters are the gas fees paid and no. of transactions.

With fees down and congestion low, a good piece of the pie goes missing. You could say this resembles a taste of what miners have to live with after EIP1559. This is why they complain.

19th April
ETH price: $2,166.19
Avg. gas: 195.80 gwei
Rewards (OP data): 28220 ETH = $61.13M

2nd May
ETH price: $2,952.06
Avg. gas: 43.10
Rewards (OP data): 16719 ETH = $49.35M

What you said. The miners were making record profits in March-April due to the atrocious gas prices. Gas fees on top of block rewards are what got the rewards so high.

In the last week the gas has been the lowest in quite some time. Lows of 20-40 gwei on weekdays!
See for yourself: https://www.gasnow.org/

I see 2 reasons for the low gas fees and ipso facto “downed” block rewards:
1. Sidechains or alternate chains like Polygon or BSC picking steam until the Ethereum chain sorts things out
2. Ethereum in its current bullrun is too valuable to be wasted on fees of a contract where the monthly returns were equal to deposit+withdrawal gas fees. People find it better to hold the coin instead of losing 0.05 ETH fees interacting with a contract that gives 0.5% APR per month

Could be some amino acid solution? Cysteine, because it helps with hangover
Very curious since the OP so nonchalantly took a lick

Meant Direct TV Now account with ‘Go Big’ subscription package.

Do you have Go Big DTV Now account?

What is the warranty period of your DirecTV Now accounts? How long are the subscriptions valid?

Brought a DirecTV subscription. Cheap and no hassle. Unfortunately his Selly account seems to have been banned. Hope he gets a new one up.

Cheers!

Got any DirecTV (not DirecTV Now) Ultimate/Premier account. Or Xfinity Preferred/Premier accounts.

How long is the guarantee you offer?

That is MemClock. The core clock should be good for XMR, once Team Red Miner optimizes it. And this should be competing with the newer GTX1060 using GDDR5X ram.

I believe their negative trust should now be rightly removed.

Keccak is the only dual minable coin without a publicly released ASIC. The algo was occasionally profitable on Nicehash a couple of months back, but none of coins on that algo are doing good now. So not much returns there.

Keep up the good fight!

Now the wind’s blowing towards an RX 590.  

https://i.imgur.com/NaZvfau.png