I also think that the drop in the ethereum hash rate was due to the fact that 5 GB asics switched to mining ethereum classic, because their memory does not allow mining ethereum.
We can delay the Ethereum mining end date a little, but what will it give us? Algorithmic miners will direct the hashrate of video cards to mining more profitable coins. I will lose profit, and nicehash miners will earn it
Well the delay simply means a crash and burn case which many of us believe in will be delayed.
If I clear 250 usd in all eth every day till Sept 13 then crash and burn down to 100 usd a day
if I clear 235 usd eth+etc mix every day till Sept 18 then crash and burn down to 100 usd a day
I make more money in the second case.
Will any of these moves really help no one is truly sure what the effect of killing 25 million daily in eth mining income and turning it into 3-4 million daily eth interest income (that can not be cashed for at least 5 months) is going to do.
But I know that if we hit the bomb and are 600th eth + 400th etc
vs 900th eth + 40th etc
the shock wave is more intense.
My power deal is so good I would make some money in any case. but I spilt it 4 ways.
so 250/4 = 62.50 usd a day all profit at the moment for me.
My interest is keep that 250/4
vs a drop to 100/4 or worse 60/4 daily.
Anything I can do mitagate the shock wave helps.
Yeah people do switching tech = terrible as it flattens all coin value. Worse tech ever invented.
UNLESS you are a true POW believer as switching is the best technique for power to wealth because it levels coin value.