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Welcome to the Great Hashrate Migration
Crypto miners, it is time to pull up our socks and embrace a new movement that has taken the mining community by storm. Yes, I am talking about the Great Hashrate Migration. We are moving our full-fledged, 80 GPU Mining Farm off of Ethereum and this could be more than just a small adjustment for us. Rather than a revolution, it seems more of an event or a movement which is a collaborative decision made by key individuals in the crypto mining and content creation scene.
The Great Hashrate Migration: What it is?
Let’s not jump to conclusions and assume this move to be a protest against Ethereum Proof of Stake or Ethereum 2.0. Our intention is not to ignite a revolution, rather we are here to indulge in the brilliance of science and fun. Every miner has a different perspective about this movement. While some consider it as their personal protest, others aim to test the potential of different networks and their capacity to support additional miners.
Rediscovering the Joy of Mining
In my point of view, the primary aim is fun and of course, science. This enthusiasm reminds me of the time when the unlocking of the LHR occurred which brought down the Nice Hash Website and took Hive OS by storm. We, as community members, have the power to make significant changes in the world of mining. This is the fun part. We can actually change things. We can bring back the thrill factor and make crypto mining enjoyable again.
My Game Plan for the Migration
We’re going to walk through my mining rigs today and show you how I am moving them one by one. I’ll provide a quick before/after analysis of our mining and hash rate on Ethereum and then the subsequent algorithm I have decided to switch to. Remember, we are just doing this as a trial for 24 hours, not a permanent switch and we’ll be returning to what is most profitable post this period.
The Migration Begins
We’ll kick-start the process with our Jazz minor, which is the jasminer x41u and it has had an incredible performance – an average hash rate of over 574 mega hash. Currently, we’re on Ethereum and it’s estimating around 16-28 cents per day. After swapping out the Ethereum wallet, we have now moved from Ethereum to Ethereum Classic for this rig.
Giving Ethereum Classic, Flux and Ergo a Fair Chance
For our other rigs in the farm, we are going to make the shift from mining Ethereum to diversifying across Ethereum Classic, Flux, and Ergo. In doing this, we are giving other networks a fair chance and auditing their capacity to withstand the influx of miners from Ethereum.
Exploring the Potential of Flux and Ergo
We’re eager to anticipate what results both Flux and Ergo bring us, especially knowing that they may not be as consistent as Ethereum, but have still proven to be profitable. Some changes in overclock settings might be needed but it is expected to provide interesting insights as we continue our journey with the Great Hashrate Migration.
The Great Hashrate Migration has certainly brought a fun side back to crypto mining. We’ve managed to transfer our entire GPU mining farm, which is 80 GPU-strong, onto Ethereum Classic, Flux and Ergo from Ethereum. This movement, while lasting only for 24 hours, has instilled a sense of excitement within the mining community.
Let me shout out to the entire crypto mining community, take a bow for the amazing spirit you have been showing throughout this process. Keep the spirit alive, enjoy the process and rejoice in this fresh perspective towards mining. I am excited to learn about your mining journey, what coins you have swapped to and how much hash rate you have transferred. Happy mining!