Bitcoin Forum

This would hurt already borderline profit. As the average profile will reduce by a third how many people plan to shut down?

There are a lot of other coins with similar profit. I'm going to switch to Ravencoin, Monero, XZCoin or something else if Ether will be unprofitable. But I think that its price will rise after successful Constantinople update and profit in fiat money will be the same.

I doubt it will happen...

Yup.
Prices will remain the same or even go lower depending on BTC of course. Classic supply and demand theory only works on necessity or rare goods (food,water,clothing,shelter,jewelery etc). No one is using ETH for anything so why would anyone want ETH other than hodling. If less supply = higher price then may I present you with Bitconnectttttt.

I wonder who/what will be the next scapegoat that ETH bagholders will blame next.

Yes this will hurt more miners even more since the price is still very low for ETH. This has been discussed since October 2018 however and most knew this was going to come. It was actually suppose to be activated in November 2018 but the testnet failed and the developers needed more time for testing, hence they moved it to the middle of January 2019.

Nobody knows what the price will be after the fork, but right now its borderline profitable so most likely more miners will be shutting off their rigs. Even mining others coins won't be profitable either since the difficulites of those coins will also increase.

Ethereum’s Constantinople Upgrade just not going to happen (https://www.coindesk.com/ethereums-constantinople-upgrade-faces-delay-due-to-security-vulnerability) in the middle of january :)

In addition, from January 2019, a gradual increase in the time between the blocks in the Ethereum network will begin. According to estimates of the developers, by April 2019 it will be 30 seconds (twice as long as at the moment). In addition to reducing the reward for the blocks, halving their number per unit of time will further reduce the profit of the miners using the PoW algorithm.

Do we know expected loss of profitability in terms of Eth after all these changes?

minus/loss $0.20 per gpu per day

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&br_enabled=true&br=1.91&d_enabled=true&d=5.23146450554845e%2B15&p=130.0&fee=3.0&cost=0.1&hcost=180.0&commit=Calculate

Profitability has been negative anyway since you always pay for other things, never mine full 24/7 and many other problems happen.

for eth to be profitable again, it needs to rise 10 times its price right now, $700 minimum or 0.35 btc, which means eth has to increase 10 times x btc to be profitable.

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&br_enabled=true&br=1.91&d_enabled=true&d=5.23146450554845e%2B15&p=130.0&fee=3.0&er_enabled=true&er=0.35000000&cost=0.1&hcost=180.0&commit=Calculate

market buyers and sellers know this and soon you will see a huge eth bullrun, nobody will know whathell happened hehe

No this won't be an issue because most likely the postponed fork won't be until April 2019, most likely they will roll the update to next month February or maybe March 2019 as the latest.

The block times were a big issue in Nov 2017 because it took a while for the Byzantium fork to be rolled out, it took a while and lead to extremely long block times.

In the end the ETH dev team decided to reduce the issuance to 3 ETH per block instead of the original 5 ETH and make the block times back to normal (15 secs) for another 1.5 year or so. Most miners were happy because  their profits increase slightly and it reduced the network congestion which was massive at the time.