Post
Topic
Board Mining (Altcoins)
Re: On the brighter side, ETH difficulty is down.
by
CryptoWatcher420
on 30/03/2018, 07:46:24 UTC
How can you deny it when the chart is right there in front of you? Take a look at the past few months, its never gone down this sharply for this long.
Things are changing. Miners are quitting.

Yes, miners are quitting, asics are not. Sadly more than 50% of the hashrate is coming from asics, also right now it shows that the difficulty is going down but you need to understand that bitmain and co will be filling with more asics, so you will not see drop in the hashrate or difficulty for that matter. So for 100 gpus quitting, bitmain adds one asic to cover it for each 100 gpus hehe

I doubt there are alot of eth asics yet, memory is expensive, each chip needs at least 3gb

didf is down bc the people with expensive electric do better by buying eth at this point than mining.

or they are selling thier gpus before prices drop, also ravencoin is more profitable by eth for all brand of cards so ppl are switching

yeah don't listen to Metroid he has nothing to back up what he is saying except pointless articles that really don't indicate squat, nothing more than blowing smoke out his bum. sure asics for eth might be coming but there not here yet, would take too much memory