Does a fall follow pride with crypto-currencies?

[rockyshala]

Ethereum has risen 3,500% this year; Bitcoin is $8000, up more than 600% since January. Will they climb further? The bad news is that the power needs of miners have risen 43% just since October. The global drain on electricity networks of mining cryptos is now 28 terawatt-hours a year, whereas anything above 19 cents/KWH makes mining unprofitable.

Read more here: https://cryptodaily.co.uk/2017/11/fall-follow-pride-crypto-currencies/

[bitctrimor1]

Ethereum has risen 3,500% this year; Bitcoin is $8000, up more than 600% since January. Will they climb further? The bad news is that the power needs of miners have risen 43% just since October. The global drain on electricity networks of mining cryptos is now 28 terawatt-hours a year, whereas anything above 19 cents/KWH makes mining unprofitable.

Read more here: https://cryptodaily.co.uk/2017/11/fall-follow-pride-crypto-currencies/

If that would happen and if we're to consider that the process of gaining more bitcoin in circulation would be more and more difficult. Then, you can assume that a fall may happen as it continues to be more difficult. However, I think there can be a change in the landscape if more altcoins will be introduced in the market that would help other coins to not be saturated. The more coins available the better trading practices will be because there would be more options.

[CryptoBuds]

We live in very unpredictable time. The entropy of crypto market is the highest ever. Nobody can say what will be in one month for sure.
By the way, did they take into consideration transactions fees which are also make good profit during mining?

[Donaldturp]

We live in very unpredictable time. The entropy of crypto market is the highest ever. Nobody can say what will be in one month for sure.
By the way, did they take into consideration transactions fees which are also make good profit during mining?

We can predict something, but fundamental facts can break this down. It's not all about prediction. It's also about following the bitcoin news and governments' decissions.

This way, we can make more accurate predictions.

[Orsenise]

This is why many coins are moving from mining to PoW, it's already a solution that is being implemented and the results will show in the coming months and years. Most of the coins shy away from mining due to the many other options that are currently available, at the begin it was necessary for the technology because there wasn't any other options but as people are developing the technology they find different ways to validate transactions. PoS is only one of many examples out there but it will be already implemented by many major projects which is really positive. Others will follow in due time and in the future we won't need mining to start with, so the current electricity waste is just something that we have to deal with until better solutions will be available for the market.

[shandi albert]

The current bitcoin currency is the world's most expensive currency.The mining process is a long process. To complete a mining block, it can take days to weeks. It all depends on the difficulty level of calculation from BitCoin.
The flow of electricity is really a problem if what you mention is real

[gorodi]

Too many people with big money have been involved into business with crypto. The whole world of new currency has been being built. It is hard to believe that a great fall will follow the pride.