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Title: is etheruem going to stp being profitable to mine soon? Post by: speedyb on September 22, 2017, 07:35:23 PM was wondering with the changes and such comming is it going to soonly not be advisable to do etheruem mining anymore?
Title: Re: is etheruem going to stp being profitable to mine soon? Post by: CoinAdNet on September 22, 2017, 08:25:46 PM was wondering with the changes and such comming is it going to soonly not be advisable to do etheruem mining anymore? well i would say this really depends on the markets price, and if you want to hold ether for long therm or not? I used to mine bitcoins a few years, then stopped and sold for $300 :'( Title: Re: is etheruem going to stp being profitable to mine soon? Post by: CarlOrff on September 22, 2017, 08:51:22 PM Today, Ethereum difficulty is rising from 2.3 to more than 3 ! It is a lot.
And the price is falling since weeks. I don't know who mine Ethereum with a so low price and such difficulty but for those who pay his electricity, Ethereum is no longer profitable. Title: Re: is etheruem going to stp being profitable to mine soon? Post by: Winner on September 24, 2017, 05:40:57 PM Today, Ethereum difficulty is rising from 2.3 to more than 3 ! It is a lot. Ethereum is going to have a limit to when it will stop being effective for mining profits. There's Altcoins that people use that let people mine and make money as well.And the price is falling since weeks. I don't know who mine Ethereum with a so low price and such difficulty but for those who pay his electricity, Ethereum is no longer profitable. Title: Re: is etheruem going to stp being profitable to mine soon? Post by: NoiseBoy on September 24, 2017, 06:36:33 PM This will depend in part on your cost of electricity. If you're getting free juice, it'll be profitable until PoS completely takes over.
What's going to be really interesting is when PoS causes every ethereum miner out there to jump to other altcoins. That's a huge amount of hashing power, and it's going to cause some serious difficulty swings to other blockchains. Title: Re: is etheruem going to stp being profitable to mine soon? Post by: dave4925 on September 24, 2017, 06:44:35 PM yes, the ice age has been kicking in for a month or so if you haven't noticed. The difficulty increases in higher proportion to the network hashrate increase. The block rewards for PoW mining will eventually decrease from 25 to 3, and difficulty is going to yield rewards less often. The block time is now around 25 seconds, up from 15.
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