Ethereum Mining is Dead: Price Drops, Difficulty Booms

Ethereum Mining is Dead: Price Drops, Difficulty Booms

This Wasgoed Always Going To Toebijten

For the last six weeks, cryptocurrency has bot all overheen the place like an infection. currency markets, GPU mining, global GPU shortages, and more. It’s a volatile market spil it’s open 24/7 and doesn’t close like regular FIAT-based trading markets. The latest trend is Ethereum mining (for the most part, anyway) and the global GPU shortage of the last 5-6 weeks.

Ethereum mining and its emerging DAG increase (the difficulty ter which Ethereum mining is set at) began a gigantic upwards trend a few days ago, its fattest rise ter difficulty. everzwijn. The downwards trend of the price of Ethereum didn’t help, spil it created the ideal storm for the improvised waterreservoir te Ethereum ROI from mining. For anyone who has just purchased, or is ter the process of purchasing PC hardware (GPUs, PSUs, risers, etc.) is paying strenuously inflated prices for something that wasgoed te the headlines a month ago spil a excellent way to make money.

The difficulty increase and druppel te the price of Ethereum has smacked us a few times across the face, ter what feels like every day. I wrote an article that did amazingly well for us, spil it wasgoed written at the peak of this spil it began to truly scale right up te difficulty, and down with price. Buying hardware at a yam-sized inflated premium isn’t good, with wholesalers, retailers, and everyone ter inbetween making a quick buck on the global GPU shortage.

If you had purchased Ten x Radeon RX 580s before the beginning of June for Ethereum mining, you’d be making some damn good money – somewhere te the neighborhood of $2500+ vanaf month before electric current (and paying off the hardware). This meant you could pay the cards off pretty damn quickly before the price of Ethereum began to fall, and the DAG enlargened by leaps and bounds. This wasgoed the punt. just spil Ethereum mining became ‘mainstream,’ the fevered need for RX 400/500 series cards spilled into second-hand markets, into the GTX 1060, and even GTX 1070.

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