Quote from: Corsa1r on July 01, 2016, 05:30:47 PM

Quote from: mandica on July 01, 2016, 09:36:15 AM

Quote from: Bemerand on June 30, 2016, 05:42:25 PM

Quote from: Tmdz on June 30, 2016, 02:07:25 PM

There are roughly 150'000 Gpu's mining ethereum at the moment.

If the hash rate increases like it did not in the past, in 4 months, there will be 600,000 GPUs to do the hashing.

At the current rate of rise, in 4 months, most miners will be not profitable. So most of them are confident the price will rise.

same old, same old... The litecoin boom (and bitcoin obviously) followed the same pattern, people notice it is still profitable to mine, lots of people join, profit naturally drops. Only thing I see is different now is that profits where a lot higher then and dropped faster, now profitable mining lasted surprisingly long but profit was a lot lower also. Tells me something about what will come in the next wave, a year or two from now, less profit, less fluctuation. Any thoughts? Am I perhaps way out there in my prediction? Cheesy

I think you're dead on. Also this time we KNOW that mining will end when they attempt to move to PoS which has actually kept the difficulty from rising faster IMO. The bust is going to be ugly, lots of cheap GPU's for gamers is my prediction.