81–90 of 129 posts
Cool experiment. But I don't recommend getting into Ethereum mining now, as the network is on the verge of switching to Proof of Stake as part of the migration to Ethereum 2.0.
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Does proof of stake truely ends the GPU arms race ?
Yep. You can run a validator node by staking at least 32 ETH (or any amount through a staking pool). Nodes will still verify transactions and execute smart contracts, of course. But there's no hash lottery to be won for mining blocks.
> Is it worth it? > Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule. The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means…
Is electricity really that cheap in the USA? The cheapest price I've found for my city here in Germany is like 0,24 EUR. And this is already including a new customer discount and cashback. Not even guaranteed green energy... 0,24 EUR is currently ~0,29 USD. That's 0,29 USD for my cheapest price against your most expensive price with 0,20 USD.
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We pay about $0.10 in British Columbia, Canada. There is a $0.20 daily base rate and over a certain amount it steps up to $0.14. It’s 95% hydro electric so it’s green too. https://app.bchydro.com/accounts-billing/rates-energy-use/el...
hydro is really not that green: salmons are losing their spawning runs for an example in your area. Also not renewable, because dams get filled with sediment and lose capacity over time.
I'm struggling to believe this. Can you name one dam on Earth that has lost over 10% capacity due to sediment?
> Is it worth it? > Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule. The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means…
Is electricity really that cheap in the USA? The cheapest price I've found for my city here in Germany is like 0,24 EUR. And this is already including a new customer discount and cashback. Not even guaranteed green energy... 0,24 EUR is currently ~0,29 USD. That's 0,29 USD for my cheapest price against your most expensive price with 0,20 USD.
first 300 kwh @ .25 the next 1000 kwh @ .31 above that you pay .39
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Yes, Germany has very expensive energy because of their transition away from reliable energy sources onto renewables.
Are you implying that Germany's electric grid is unreliable? If so, a citation would be good because my sources say Germany's electric supply has been stable.
Cool experiment. But I don't recommend getting into Ethereum mining now, as the network is on the verge of switching to Proof of Stake as part of the migration to Ethereum 2.0.
Does this also imply lower energy consumption for running the ethereum network?
> Is it worth it? > Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule. The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means…
You can pick up a 50 W solar panel pretty cheap nowadays so compared to the cost of the laptop that's nothing. Hopefully its battery will charge up enough on the extra 11 W to last during the night.
> Is it worth it? > Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule. The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means…
Is electricity really that cheap in the USA? The cheapest price I've found for my city here in Germany is like 0,24 EUR. And this is already including a new customer discount and cashback. Not even guaranteed green energy... 0,24 EUR is currently ~0,29 USD. That's 0,29 USD for my cheapest price against your most expensive price with 0,20 USD.
Earlier quoted context omitted.
Yep. You can run a validator node by staking at least 32 ETH (or any amount through a staking pool). Nodes will still verify transactions and execute smart contracts, of course. But there's no hash lottery to be won for mining blocks.
I wonder if this may cause some correction on hardware stocks as market would be flooded with used GPUs.