Why did ethereum dificulity rised so much

[Deners]

In the last 4 months ethereum dificulity has rised in double and am wondering why did that happened , if the difficulity continues to rise like these it wouldnt be profiteable to mine it anymore. Mining profits have been reduced by the drop of ethereum price, but also from the increased dificulity in the last 4 months and we still see a rise of difficulity.

[Goool]

Ask BITMAIN they know ...

[Ultegra134]

In the last 4 months ethereum dificulity has rised in double and am wondering why did that happened , if the difficulity continues to rise like these it wouldnt be profiteable to mine it anymore. Mining profits have been reduced by the drop of ethereum price, but also from the increased dificulity in the last 4 months and we still see a rise of difficulity.

The difficulty spiked due to more and more miners flocking the network. More miners = higher difficulty = less profit for each one.

[treanski]

because shitmain is mining eth behind closed doors with asics for months now....with much powerfull ones than that shit they offered to sell now...
you can buy the good asics as soon vitalik announces eth pos date
they just selling now this shit miner because of the videos of f3 miner @mining...so people may think they just have this shitty asics(if its even an asic)....maybe they hope secretly vitalik is so retarded to believe this and wont push pos so fast

just remember monero -> announced fork -> oh what a fucking miracle we can sell you asics with which we fucked your earnings the past months. regards shitmain aka bitmain

[Deners]

because shitmain is mining eth behind closed doors with asics for months now....with much powerfull ones than that shit they offered to sell now...
you can buy the good asics as soon vitalik announces eth pos date
they just selling now this shit miner because of the videos of f3 miner @mining...so people may think they just have this shitty asics(if its even an asic)....maybe they hope secretly vitalik will dont push pos so fast

just remember monero -> announced fork -> oh what a fucking miracle we can sell you asics with which we fucked your earnings the past months. regards shitmain aka bitmain

Thats what i am suspecting aswell but cant confirm it. Its crappy thingy even if monero goes with new fork the bitman can just bypassit with new firmware update =_=. Lets see what will happen.

[treanski]

because shitmain is mining eth behind closed doors with asics for months now....with much powerfull ones than that shit they offered to sell now...
you can buy the good asics as soon vitalik announces eth pos date
they just selling now this shit miner because of the videos of f3 miner @mining...so people may think they just have this shitty asics(if its even an asic)....maybe they hope secretly vitalik will dont push pos so fast

just remember monero -> announced fork -> oh what a fucking miracle we can sell you asics with which we fucked your earnings the past months. regards shitmain aka bitmain

Thats what i am suspecting aswell but cant confirm it. Its crappy thingy even if monero goes with new fork the bitman can just bypassit with new firmware update =_=. Lets see what will happen.

no they cant...the firmware is the asic chip, burned into silicone...they can make new for sure because monre choose the easy way. hopefully they wont because they think it wont pay out

[Deners]

So any idea what might happen first ethereum going anti asic or ethereum going pos.

[Vann]

So any idea what might happen first ethereum going anti asic or ethereum going pos.

From today's Etherum developer meeting where the ASIC related EIP was brought up, it looks like POS is the most likely solution, with the first stage coming sometime around the end of July.

https://www.youtube.com/watch?v=SoPfoNpqG0k&feature=youtu.be&t=2102

[B1tUnl0ck3r]

Ask BITMAIN they know ...

+1 and worst they only dump... because as member of plaoc they don't have the right to keep btc.

[Vann]

Very interesting article. According to Tom Lee, a well known Wall Street analyst on Cryptocurrency, a big reason for the recent downturn is massive Crypto outflows due to huge tax bills owed from last years meteoric rise.

https://www.cnbc.com/2018/04/05/wall-streets-tom-lee-predicts-massive-outflow-from-cryptocurrencies-ahead-of-tax-day.html

‘Massive’ selling of cryptocurrencies into fiat by mid-April to be expected, as U.S. crypto holders ‘likely’ owe $25 billion in capital gain taxes according to Tom Lee, head of Fundstrat Global Advisors.

It also looks like exchanges themselves are a big part of that massive Crypto outflow in to USD.

Many exchanges have net income in 2017 [of more than] $1 billion and keep working capital in Bitcoin or Ethereum and not in USD — hence, to meet these tax liabilities, are selling BTC/ETH.

He also predicts the recent sell off will be short-lived.

"Ultimately, we expect bitcoin to find footing after April [17], tax day," Lee said.

Lee still sees bitcoin nearly tripling to $20,000 by the middle of this year, and rising further to $25,000 by year-end. He expects ethereum to quadruple to $1,500 by the middle of the year and ultimately reach $1,900 by the end of the year.

[Geraldo]

The one only reason that Ethereum diff was massive grow, it caused by enormous increasing on Network Hashrate (Global Hashrate) (whoever causing this).

[edwardceng]

Many factors can influence, you can only analyze the visible, like many miners on Network ETH and in exchange market a lot dump and pump. as for Bitmain is a hidden issue. whether it is true or not or just only a marketing strategy (Bitmain).

[adaora2323]

Why has it fallen again

[2stout]

Bitmain may have been using its own ASICs, i.e, E3 to mine ETH for a while before dumping the E3 ASIC and more ETH onto the market.

[crocozino]

hm, the idea is , that those asics manufacturers, even the one who did not presented new etherium asics, have produced first batches already, and now they are mining etheruim. the diff still ok for them, in 4 month they will ship those  "new" used miners to customers. profits all around.
imho

[Geraldo]

Oh..c'mon guys.
Whatever happened and whoever cause, we need to face the fact. Keep running, cause we are human, we grow and expand. If we are skilled enough and hopper, we can survive.

Like I said before:

The one only reason that Ethereum diff was massive grow, it caused by enormous increasing on Network Hashrate (Global Hashrate) (whoever causing this).

# I am GPUs miner, and I'm not scared.