Eth reward has dropped

Mining & Hardware
#1

hi can any one explain how the eth reward has dropped on what to mine but the price has risen? Is it because more people are mining it?

My example

I checked on Thursday the eth return on four rx5700 and it was returning a estimated yearly return of 12 eth and about 1 a month (which I was shocked about lol)

I have checked today and it has dropped to around 8 eth a year. I understand its estimated but thats quite a drop. Have I done some thing wrong. Ot is it because more people are mining eth because the price is high?

My input in to what to mine.

MHs = 204 ( 51×4 )

Power = 850 ( 600 for 4 cards + 250 for motherboard )

Screenshot_20200816-221020_Gallery
Screenshot_20200816-221020_Gallery1080×2280 308 KB
Screenshot_20200816-221006_Gallery
Screenshot_20200816-221006_Gallery1080×2280 478 KB
Screenshot_20200816-221013_Gallery
Screenshot_20200816-221013_Gallery1080×2280 311 KB

Screenshots where from thursday

Here is todays returns

Screenshot_20200816-221415_Samsung Internet
Screenshot_20200816-221415_Samsung Internet1080×2280 386 KB
Screenshot_20200816-221359_Samsung Internet
Screenshot_20200816-221359_Samsung Internet1080×2280 446 KB
Screenshot_20200816-221513_Samsung Internet
Screenshot_20200816-221513_Samsung Internet1080×2280 391 KB

#2

The block reward is always 2 ETH plus fees. In the last few days, fees shot up and have since came back closer to normal.

2 Likes
#3

Awesome thanks i wonder what made the fees go up?

1 Like
#4

@Cryptominerdevon smart contracts and DeFi and the price of gas to send ETH IMO