Quote from: greenuser on August 27, 2016, 07:12:25 PM

Quote from: thevictimofuktyranny on August 27, 2016, 06:54:12 PM

Quote from: greenuser on August 27, 2016, 06:46:18 PM

Quote from: thevictimofuktyranny on August 27, 2016, 11:01:53 AM

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Quote from: IncludeBeer on August 27, 2016, 04:31:14 AM

Quote from: NanoPipe on August 26, 2016, 07:24:32 AM

Quote from: IncludeBeer on August 26, 2016, 02:03:47 AM

I mean....I know that the difficulty going up means more ppl are mining, means better decentralization, etc. But FUCK! Mining profits keep getting smaller and smaller! Angry

It just mean the mining will be concentrated into cheap electricity places like China. It happened to the btc mining.

No, I doubt that's the main cause. POS is coming soon, at least, too soon to invest a giant mining operation into Eth. More likely, it's a combination of difficulty bomb (by design), and more rigs being brought online/switched to Eth mining.

Difficulty bomb won't affect difficulty for at least 5 months.

Interesting.

From what I've read on other Threads - most of the difficulty rise comes from new mining hardware, improvements in GPU mining techniques and new people coming into crypto-mining because of ETH.

Someone could research and post figures on wallet-qt growth rate over the last 4 weeks!

If ETC FAIL, the miners on classic may want to hash on the ETH chain to make some coin. This means ETH Network hashrate could suddenly rise by 13% also increasing ETH difficulty by about the same. And vice-versa!

At moment: some threads are awash with people asking questions about how to set up 480's and 470's for mining Ethereum!

Some people are saying that 480's are sold out in there countries.

Everyone wants a machine that prints money. The problem for miners is that the more popular mining becomes, the less profitable it is to mine. It's a bit like oil or gold or coal. No one has solved this problem yet.

Oil is to cheap for miners but too expensive for consumers.

It is too costly to set up an oil drilling operation but very cheap to start crypto mining

Nope,

People saw a drop in difficulty from 64 down to 50, when ETC was set up!

And, the guys who wanted the most ETH possible, before it went over to POS decided to buy a lot more GPUs!

And,

Word Mouth about Ethereum was always going to see more new people putting their GPU onto mining it.