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Title: Monero Hardfork in relation to Ethereum Post by: Hackintoshihope on April 07, 2018, 12:36:09 AM So as one can gleam from the huge success that is the Monero v7 hard fork. The hash rate is down to the 250MH/s to 350MH/s from a 1.9GH/s this means that ASICs from Bitmain (and many other companies) mining in secret have been shut off from the main network. Thus Monero should be returning to a much more profitable coin and difficulty normalizes to actual miners in a decentralized nature.
The biggest take away point and how we apply this to Ethereum. When the hardfork is is implemented Ethereum will see a huge hashing power decrease and the likes of Bitmain with their F3 (secret asic) and E3 (consumer asic) will be gone from the main chain (they will probably all move to Ethereum Classic). When this happens Ethereum and its profitability "should" return just like Monero. So while it may seem like grim times now have hope because it will take ASIC manufactures like Bitmain at least another 4-6 months to develop new asic's again. |