It was a crazy time GPU's were selling out due to miners... what did AMD do? They raised price.... and it still ran out for a while till it all kinda crashed.
This time with ETH is nothing like last time as far as effects on GPU sales. Just not the running out of cards as we saw long ago in the "old days".
This time, the price also rose. I bough at few nano at £379, a week later the price became £425. So it happened this time.
Still nothing compared to rates in "old day's" they jacked up like 50 percent at end if I remember right. And they still sold out. There were certain models of AMD they just could not keep in stock.
Just being able to log on and go to amazon/newegg and buy a GPU makes it far from different then "old days". Heck I watched newegg and newegg.ca the canada site for a while got in cards when other did not.
the difference is that it last longer last time, that's it i think, from doge late 2013 to summer 2014 now it's only few months in comparison, but ethereum is more profitable than doge ever was
If the Ethereum price does not rise, I think the boom will finish soon. The difficulty is already too high.
Exactly, mining ETH is becoming bitcoin mining as well which is becoming unprofitable for most unless those who are almost having free electricity costs. This is why I'm into low inflation POS coins now due to these issues.
I will mine the Ethereum for now and get some Etheruem. So when it becomes PoS, I will have some coins.
Mining is still profitable with the recent price rise. If the price drops another 50%, it will not be profitable.
You guys must have an extremely high electricity price.
On a 100mh righ i use less than 2,5$ in power.
And the reward is 15-18$
There needs the be more than 50% dump for it not to be profitable vs electricity.
But other coins will be more profitable before the price of EL become higher than the reward.
It does not need to drop that much before EXP, SOIL and SHIFT becomes more profitable than ETH.
MY summer power is 17 fucking cents a kwatt! but even at 17 cents my rigs earn money.
but right now 200 mh is earning close to 780 a month so I net over 500 usd a month.