On the brighter side, ETH difficulty is down.

[m.vina]

People seem to have shut down their rigs. Maybe a few farms at least.

Latest ETH difficulty chart can confirm:
https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

Lets celebrate! No merits necessary. 

[adaseb]

It's not down at all.

What you are looking at is just some variance.

Give it a week or two and it will probably go to a new high anyways in difficulty.

[m.vina]

It's not down at all.

What you are looking at is just some variance.

Give it a week or two and it will probably go to a new high anyways in difficulty.

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

[Metroid]

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

[Marvell2]

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

didf is down bc the people with expensive electric do better by buying eth at this point than mining.

or they are selling thier gpus before prices drop, also ravencoin is more profitable by eth for all brand of cards so ppl are switching

[Metroid]

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

Bitmain has as much money as Nvidia right now, dont think money is a concern as far as the return for the asic miners give a return which is the case, the only concern is be in the queue for memory chips.

[warning_btc]

I seen same situation with ETN network, but it recover after 10 hours((((

[m.vina]

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

The problem is that until there is a confirmed actual ETH ASIC, all those reports are still only RUMORS. I wouldn't factor them into the equation.

Anyway my point is that ETH difficulty has dropped and most likely won't be rising up again until we see the market value rise up again.

[john1010]

Is it confirmed that ethhash is minable with the new asic that i've read in the news before? How come that this asic resistance technology is now invaded with asic? any legitimate information regarding this news.

[Marvell2]

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

Bitmain has as much money as Nvidia right now, dont think money is a concern as far as the return for the asic miners give a return which is the case, the only concern is be in the queue for memory chips.

thats a good point, they have so much $$ now

[xxcsu]

The problem is that until there is a confirmed actual ETH ASIC, all those reports are still only RUMORS. I wouldn't factor them into the equation.

S7 , S9 , D3, L3, L3+, X3 from Bitmain all come forward as a rumors For some reason all those rumors become reality ...
I would say its pretty much confirmed ...


also ...

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Check that chart a little bit better ...
Bitmain might just had to replace a transformer in they ETH asic mining facility

[Steamtyme]

The asic resistant technology is just that; resistant.

Not asic proof. Unfortunately with enough time and money bitmain has been powering through with it's Asics development using a well funded R&D team.

The bright side their Asics as reported in don't seem to be a game changer , unless priced ridiculously low. I can't find the article at the moment but I think I saw something like 1000 to 1200w and 220 mh/s; with a cost over 3000$.

The numbers might be wrong can't remember for sure. If I find the article I'll update the post. Also at last check I think the ethereum community is pushing to fork against the miner. Fingers crossed.

[jezus]

When difficulty go up?

[lanciaominer]

bugger shitmain.. hope they die soon

[CryptoWatcher420]

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

didf is down bc the people with expensive electric do better by buying eth at this point than mining.

or they are selling thier gpus before prices drop, also ravencoin is more profitable by eth for all brand of cards so ppl are switching

yeah don't listen to Metroid he has nothing to back up what he is saying except pointless articles that really don't indicate squat, nothing more than blowing smoke out his bum. sure asics for eth might be coming but there not here yet, would take too much memory

[Swinging Phallus]

The problem is that until there is a confirmed actual ETH ASIC, all those reports are still only RUMORS. I wouldn't factor them into the equation.

S7 , S9 , D3, L3, L3+, X3 from Bitmain all come forward as a rumors For some reason all those rumors become reality ...
I would say its pretty much confirmed ...


also ...

How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Check that chart a little bit better ...
Bitmain might just had to replace a transformer in they ETH asic mining facility

Good analysis, I don't really see the drop in difficulty to be anything new. I really didn't want to believe that Asics were being implemented for ETH but the more I look at the evidence it seems that it may be more of a possibility (citing from this CNBC article, "During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC").

I feel it would've been only beneficial for Bitmain to keep this hushed until the right time. I'm sure Bitmain understands that ETH will gladly hardfork to keep itself Asic resistant so it only makes sense. This may explain a bit more for the jump in difficulty we've seen imo.

I dont think an ETHASH ASIC will last long in the market though, seeing that it is definitive that ETH will combat it. I think Bitmain knows this as well, Maybe this has something to do with market manipulation? maybe not?

[Palmerson]

I see no reason to be happy. The fact that the complexity of the network falls means that the miners leave eth. Profitability ETH mining tends to zero. That's good. The drop in the price of eth kompensiruet not decrease difficulty. Business mining is going through very bad times. I hope the situation will change soon.

[retard75]

You're riding a dead horse.

[Za1n]

Check that chart a little bit better ...
Bitmain might just had to replace a transformer in they ETH asic mining facility

I agree that the slight drop in difficulty means nothing in this short of a time frame. Even your chart shows we are back to what, the March 20th hashrate? I do not call that a drop at all and this "fluctuation" could be anything.

Also notice the highest ever hashrate at the top, 270957.8644 GH/s was recorded on Monday, March 26, 2018, 4 days ago, not really anything to write home about,

Wake me up when hash-rates are back to pre-January levels, or at least it hasn't risen in a month, that will be the type drop off I will want to know about.

[m.vina]

What im saying is this is the start of the difficulty drop. Have you see the charts today? Still on a downtrend right? Thats because there is no way that people aren't rattled by this. Mining was over hyped a few months ago and those newbies are now scrambling to sell their rigs. ETH difficulty will go down esp. if this continues for a few weeks more. Some people mine at $0.2 and look at daily profits you know..