Quote from: Metroid on July 30, 2018, 02:23:36 AM

difficulty rising is actually a very good thing for the people who holds their mined eth or buy eth and hold, as difficulty rises, the prices rises too because nobody mines for peanuts, so lets hope the difficulty rises 100 times.

Totally disagree, for various reasons.

1º because ETH has a huge amount of coins already mined. There is plenty of coins to be bought everywhere. so i don't see a supply problem anywhere.

2º Because at current prices, mining is almost not profitable for ETH. It's already unprofitable to mine 95% of the coins with GPU. So everycoin is becoming centralized, just the contrary of what Blockchain was about: a big lie of Decentralization has gone down. Now very few people control the supply of 95% of all coins in the world.

3º Because it's uncertain that, even if everybody stops mining due to increased difficulty, there would still be coins to sell in the market, so no problem with stock, so no price increase.

4º i don't see chinesee people stop mining ETH due to low price electricity bills. Those that are getting REKT are EUROPE and USA. IF this increase in hashrate reflects a certain type of manipulation consisting on increasing difficulty as much as possible to make Europeans and USA people be mining with no profit, that would make the ETH market more centralized.

5º the consecuence of the increased ASIC in the ETH net, will also mean that GPU miners will get reduced profit. And that will go worst if ASICS with more power enter the net, increasing Stale shares.

6º This probes wrong every effort to concieve that blockchain is a decentralized market. FALSE. As time passes by, it's becoming hugely CENTRALIZED , almost in the hands of Chinesse people.

7º Even if everybody decided to mine ETH at losses, there is not a single argument to think prices will go up. So you can end up, not only not winning money, but losing it everyday you have your machines ON.

8º more hahsrate = more supply = less price. The more hashrate , the less price. This has been like this for ever. On everything.

The more info i get, the more manipulation see on this market. All is getting worst and worst everyday in favour of rich people mining with ASIC to throw all the others away.

If you see your neighbour's Beard being cut, be prepared because next beard to be cut will be yours. If you are a miner, my problem is the same as yours.

Quote from: chup on July 30, 2018, 01:56:31 PM

Quote from: Piskeante on July 30, 2018, 01:35:32 PM

BTW another Record.

268.200Gh/s. No doubt, Fucking ASICS are behind this.

How to raise it's own activity? Start wondering that mining difficulty is increasing. One can do it for years if not decades.

Not true. PoS will be applied to ETH this year, or begining of next year. So they will not even ROI at current prices. It makes no sense to see the ETH hashrate increase. Makes no fucking sense.