what's going on everyone and welcome to the Rabid Mining youtube channel so if you haven't heard
ethereum classics fifteen just happened early this morning and because of it it's starting to
get uh quite a bit less profitable now it is just a fifteen so the block reward dropped a little bit
every five million blocks ethereum classic is going to be dropping its block reward slightly
but it does affect your profitability so we're going to jump to the workstation see just how much
my rig is losing due to the small fifteenth if you haven't yet be sure to hit that subscribe button
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do your own research all right guys so just for a quick rundown on the whole fifth ending process as
we can see the date here july 30th we have era block one we have five etc for a block reward
five million blocks later we do have etc iv another five million we're at ten million and one
it drops to 3.2 which is what we were previously just at you know yesterday and now we're at 15
million and one our block reward is now looking like 2.56 there will be one more future fifteen in
may of 2024 on the estimations here and that will drop it down to 2.048 now the biggest thing is how
does this affect profitability so i have three 4 gigabyte 570s that's 90 mega hash at 360 watts
yesterday at 3.2 block reward this was making me a dollar 41 per day fast forward to today now
right now we're down to 89 cents now i know we just look at that you know that's actually not too
much so it's not that bad not a big deal whatever you know but let's look at the bigger picture a
lot of people don't really like looking at the larger pictures here so this is 52 cents per day
or 64 cents a week that's 16 and 12 cents a month or 193 dollars and 44 cents per year
you know for just these three cards that's still you know over a year and everything not too bad
but the more hash power you have the more you actually lose let's fast forward and look at what
a jazz minor actually lost if you are unfamiliar with the jazz minor this is the x41u which is an
absolute etch beast or etc beast this can mine ethereum classic as well so 520 mega hash for
only 240 watts that's absolutely insane currently the most of them are sitting on
ethereum but the go-to after ethereum is no longer mineable once it moves to pos
you know a lot of people are thinking about going to etc and it's going to be probably
saturated and overloaded with these absolute efficient beasts so the jazz minor profitability
yesterday this thing was making 12.52 cents per day after power fast forward
to right now you know one day later because the fifth inning did go through we're down to
cents 9.56 day you can see what's going on here the more hash rate you have the more you are
losing so 2.96 per day is what you're losing that is 20.72 cents a week 91. 91.76 a month or 1101
and 12 cents per year you're losing quite a bit in terms of profitability here that's actually
you know a decent number and obviously if you have multiple of these you're losing you know
two thousand dollars a year you have three of these you're losing thirty three hundred dollars
a year so keep these numbers kind of in mind if we actually run over to minor stat we can already see
some effects here people are slowly pulling off of ethereum classic the profitability you know
is dropping on it because of this and we went from 27 terahash currently down to 24. we lost
three terahash there and it looks like uh sometime around i don't know march 20th which was five days
ago we've seen a bunch of people move on to the network and it's probably those same people it's
about the same amount now leaving it so they moved on for five days this happened like we're out of
here so maybe they thought you know what the fifth thing is coming let's get a few extra coins before
it's gone and then we're just going to take off remember if the hash rate keeps dropping
then the profitability will start picking back up again but you know this is just another
nail in the coffin for when pos happens on ethereum we're getting reduced block rewards
on ravencoin we're getting reduced rewards on ethereum classic and you know what none of these
coins can support the hash rate that's set to come in so you know this is another just you know bad
thing coming towards gpus in the future we can argue the facts of a nice looking price jump
these things can happen but then again i don't really expect any major bull runs to happen
till at least 2024 which is the next bitcoin having there we have it guys quick video on the
ethereum classic fifening so let me know what are your thoughts on this whole operation what do you
think the price will hit in the future bull run and what am i gonna do with my four gigabyte cars
i can move them the ravencoin it's looking a little more profitable again
but then they start using more power and it could put me in a higher price range on my power bill
so i may have to just go to ergo or something because then it'll be even a little bit cheaper
regardless i'm just going to hold out i'm going to watch the network keep my rigs on etc for now and
if i gotta move them i gotta move them that's just what you gotta do thank you for watching
this video everyone i will see you on the next one Rabid out thank you for watching my video
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