Ethereum successfully completed the merger at 14:43 Beijing time yesterday (15th), switching from Proof of Work (PoW) to Proof of Stake (PoS), which is a historic moment, and Ethereum miners have been officially eliminated since yesterday. A lot of computing power fled to other currencies, algorithms, and the fork ETHW that claimed to represent the interests of Ethereum miners.
Yesterday, the ETHW fork official also officially opened multiple testnets before the fork, while the mainnet did not release the official version of the mainnet node program until 10 p.m. yesterday, and today the official also continues to promote its support for mining pools. The miningpoolstats data shows that there are currently mining pools such as f2pool, woolypooly, 2miners, nanopool, and poolin supported:
ETHW only attracts 9% of computing power
According to the current 2mines mainnet statistics, the total computing power of the current ETHW mainnet is about 69.4TH/s, which is only 9% of the total computing power of about 769TH/s before the merger of the Ethereum mainnet, indicating that most of the computing power is not centralized. to ETHW mining.
According to the statistics of 2mines, other competitive currencies such as ETC, RVN, ERGO, etc. have experienced a large increase in computing power. Among them, ETC has the most amazing growth rate, which has surged to 239.75TH since it was about 50TH/s before the merger. It attracted about 24% of the Ethereum mining power to concentrate on ETC.
Home mining is no longer possible
As for the mining revenue, ETHW has no clear reference for current mining revenue due to the influence of computing power and currency price instability. However, considering the trend of miners’ computing power, the current ETHW revenue may be higher than the current Ergo, ETC, and Raven. Low.
With reference to the current Whattomine website mining data, when adding electricity consumption of 0.1 US dollars per kilowatt-hour, the mining income based on the mainstream graphics card RTX3070 can be said to be almost zero. The daily income of mainstream minable currencies is as follows
Flux earns $0.02 per day
Ergo earns $0.01 per day
Conflux Daily Income – $0.11
Ravencoin Daily Income is -$0.15
ETC Daily Income is -$0.16
Considering that the cost of household electricity consumption is mostly higher than US$0.1 per kilowatt-hour of electricity, it can be said that household GPU mining is currently unprofitable, and Ethereum miners may start to shut down a lot or sell mining equipment in large quantities.
Post time: Sep-27-2022