Status of Mining as of December 12, 2022 after ETH Merge

We are already six weeks past the end of Ethereum mining and some statistics to go with it:

1. Nearly 74% of mining power was turned off since the ETH transition, equivalent to approximately 11.5 million RTX 3070 graphics cards. The total hashrate continues to slowly decrease, however, some cryptocurrencies have seen a significant increase, such as Kaspa.

2. The remaining 26% of power is mainly divided between Ethereum Classic (13.9%), Kaspa (4.2%), Ravencoin (2.6%), Ethereum POW (2%), ERGO (1.2%), Flux (0.6%) and Bitcoin Gold (0.3%)

3. Surprisingly to many analysts, so far no major clearance sales of used graphics cards have taken place on markets such as Ebay. Sales of used graphics cards are more or less at the same level since the end of ETH mining. The prices of some 3000 series models from Nvidia have even risen slightly. This concerns mainly RTX 3080, 3080Ti and 3090 cards, whose price is now higher than before the ETH Merge.

4. Profitability has risen slightly, mainly due to the rise in the price of Kaspa. Some smaller coins have also risen in price and are therefore now more profitable.

In our farm, the machines are slowly awakening to life again after a demanding two-month servicing maintenance. We are experimenting with mining new coins and putting together their most efficient settings. We are constantly monitoring the market situation and reacting to rapid changes that are now constantly taking place. Finally, we also want to mention that more and more miners are turning to us, whose previous hosting providers have terminated their contracts and are looking for a home for their machines.
We therefore welcome new miners who have already moved in with us for hosting and those who are considering it and have nowhere to put their machines, we give them the opportunity to continue mining carefree with us.