Why Ethereum hashrate is still growing ?

[CarlOrff]

Hi all,

Who has some ideas why the Ethereum hashrate is still growing ?
The DAG issue with AMD GPUs (the most that miners have) should lower the hashrate, no ?
The 50% dump of Ethereum price in the last weeks should lower the hashrate too, no ?

What's going on ?

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[Tmdz]

There has been a windows based dag fix that work for some users.

Ethereum price has been climbing (currently $360)

Profit is still very good compared to our winter lows last year.

[jezus]

Many reason why growing ,maybe cheaper gpu.

[baga105]

Dag FIX fixed some problems..

New GPU's are still flowing into the "system".
People with low electricity price can still make some money doing this..

[QuintLeo]

People are still building new ETH rigs (though in lower quantities per week than last month) because they think the rigs will pay off before ETH moves to Proof-of-Stake.

 Probability has dropped on that though, which is why the "rate" of new rig addition has dropped, though if ETH price stays in climb mode the rate might go up some for a while.

[bravetheheat]

Right now, it's still profitable for mining ETH, a lot of video cards will become rigs, 1060 and 580, 570 are still hot in video card market. Enjoy you life, go to mine ETH, ETC, XMR, Zcash, DeepOnion...